[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 82 KB, 900x900, 1600986033143.jpg [View same] [iqdb] [saucenao] [google]
49377644 No.49377644 [Reply] [Original]

guys I’m not sure what to do here. O recently came into some money (100k) and I’m not sure what to do with it. I really want to start a business to get some passive income, but don’t want to put all my eggs in one basket. any ideas on what to do so that I can make this flip into early retirement ??? much appreciated for any feedback

tl;dr What would you do with 100k to ensure you make it ??

>> No.49377676

100k in stepn is gauranteed 20m in like a year

>> No.49377697

>>49377644
Honestly betting it all on red has better odds than any of the replies you’ll get ghere

>> No.49377711

>>49377644
>make this flip into early retirement
Everything that can do this is extremely risky. If your risk tolerance is that of a normal persons just put it into an index fund like the S&P500 and foret about it. In all likelihood your actions and plays will not outperform the market. But I know you'll probably just gamble it all on dumb crypto plays anyways.

>> No.49377777

>>49377644
I once bought a donut icecream hotdog shop for 60k. It did shit, but part of the outfit was a mobile food cart, so we went to market days and made a killing. I would build/ Buy a mobile food truck and just work weekends and fairs etc. It is fun with low overheads and you can bank whatever you want (rest is tax free)

>> No.49377794
File: 21 KB, 640x628, 1623888369291.jpg [View same] [iqdb] [saucenao] [google]
49377794

>>49377777
wasted

>> No.49377812

>>49377777
Czech'd
Based donut icecream hotdog shop anon

>> No.49377885

I always had lots of cash in my pockets and stashed around the house. Then I tried to buy a house and the bank said we need 3 years of accounts. So i started giving myself a salary of 70k a year.

>> No.49377938

>>49377644
>I really want to start a business

Do you actually know how to run a business? Is this business a theoretical profitable venture if run correctly?

>> No.49377985

>>49377644
I'm not helping in any way to degen animufaggot who thinks smoking is cool. No, wait I can help you die faster by stepping on your neck.

>> No.49378059

>>49377644
Learn to idea validate, outsource, build software, invest in marketing, etc.

>> No.49378072
File: 266 KB, 547x596, 1621296878540.png [View same] [iqdb] [saucenao] [google]
49378072

>>49377777

>> No.49378184

Dump 70k of it into a S&P 500 fund. Dump the rest into savings for "shit happens" events.. Don't quit your day job. Hell no, get all the free shit you can lay hands on. (If you've got over a decade+ in with the same company, you might as well stick it out and get that retirement that's coming to you.)

>> No.49378883

>>49377644
If I were you (and knew what I know) I'd take $50k and just sock it away in a savings account (interest rates going up means that if you bank with an online bank like Ally or SoFi you'll be getting incredibly competitive APR on your money 1.50%+ is pretty feasible within the year and maybe even 2%+ depending on how much the Fed hikes so shop around for rates and put it away in the best offer).

With the remaining $50k, I'd take $40k and put it in an 1x inverse S&P500 ETF like SH or SPDN and put the remaining $10k into a 3x inverse Nasdaq ETF like SQQQ (because tech shit is going to get beat into the ground and go to zero) and just hold until the market plummets and everyone is calling for the end of the stock market. This maximum pain, fear and depression will mark the stock market bottom and, because you're short the market with the inverse ETFs) your top and maximum profit opportunity. Once you sell you can take your profits and go long with a milquetoast S&P500 ETF like SPY or VOO and start a business with the money in your savings account (you should have had enough time to think about a business and come up with a solid plan) or just put it all into the market with the other money.

Good luck. Don't go long anything right now. The market is going to kill you and you'll be bag holding for years if not a decades. We aren't coming back to these highs for an entire generation.