$600k in assets and $120k/year in an eastern european country, 32 yo. How shall I proceed?
I own a small company in an eastern european country and make around $120k/year (after taxes). I'm 32 years old and have accumulated ~$600k in assets (~70% in S&P500 ETFs and the rest in stocks and Bitcoin). LE: also have ~$70k in cash in various currencies for emergencies (disease, bankruptcy etc.).
I don't own anything physical (yet), not even a house, don't go on vacations much, but I'm targeting for retirement at 40. My income may not seem much for high earning americans, but here I'm probably in the top 1% of earners.
I'm pretty frugal and live with less than $2k/month (it's actually well above average here). The rest goes to stock market investments. Assuming that I'll continue investing (even more if the business grows) and that my assets can go close to $2 million in the next 8-10 years, how can I play it safe from there onwards?
If I retire at 40-42 (and probably sell the company by then), obviously I won't want to be exposed only to volatile assets. I don't want to get into real estate investments as I consider them immoral and with very low yields (at least in my country). >$1 million is plenty to retire here. I also plan to buy a house in the next couple of years ($250-300k for a nice one). How would you guys proceed in my situation? I don't plan to move to a western/more expensive country.
My business has become extremely stressful, I lose sleep over it (literally) and can't imagine doing it till 60. I wake up at 5 AM for online meetings with people from asian timezones, sometimes I stay late at night. I'm so fed up with it.