/biz/ - Business & Finance

>>58616414
Buy one Bitcoin and put the rest in spy with low fees

>>58616423
>spy with low fees
thanks i will research this

>bitcoin
too scared to do this

>>58616414
You won't be paying a "low" fee for active management. It will significantly add up over your time investing with them, and it won't give you any better results.

Use Vanguard because of how low their fees (for passive funds) are and put it all in either:
- A total world stock index
- A target date retirement fund (this is all JP Morgan et all would do with your managed portfolio anyway, for a much inflated fee)
and forget about it.

If you don't have at least 6 months expenses in cash then hold some cash back for that.

>>58616428
If you want no thought they have these 30 year retirement funds that are very conservative and diversify across different things but they invest in bonds that haven’t done good in a while.
I like this one for spy VOO
Vanguard S&P 500 ETF
This is the long term conservative one VTTSX
Vanguard Target Retirement 2060 Fund
So if you want aggressive do one Bitcoin and voo, less aggressive just voo, conservative do vttsx

>>58616423
SPY has some of the highest fees of S&P 500 trackers lol. Vanguard's (VOO) is the cheapest.

>>58616414
vanguard and VTSAX or VOO OP

>>58616456
Also this
>If you don't have at least 6 months expenses in cash then hold some cash back for that.
Consider getting a mortgage with some cash and investing what you’re earning into a Roth tax free investment account.

>>58616467
That’s what I meant see here >>58616461

>>58616456
>If you don't have at least 6 months expenses in cash then hold some cash back for that.

good thinking, thanks

>>58616482
>Roth tax free investment account.

i have a roth account, but they limit your contribution to $7000 per year. i could probably afford to contribute twice that per year

>>58616526
Good job. Get your mortgage if you know where you want to live for the next 10 years and buy voo because you’re a pussy and won’t buy a Bitcoin

>>58616566
never heard of voo, looking at it right now.

mortgage is not a priority right now, my boomer dad doesn't have much time left and will leave me a small house in an ok area that i will probably hold on to

just want to add, thanks for the feedback /biz/

my first tjme on here, u guys are all right

>>58616637
>my first tjme on here, u guys are all right
You've been lucky so far kek, the schizos and shitcoin shillers will be here any second.

>>58616414
https://www.hope.com/
if you're smart and risk tolerant go all in on Bitcoin for now.
if you're not smart or not risk tolerant go all in on VT for now, then rebalance into VT/BND as you grow older.

>>58616704
Honestly this is what I would do though. Unfortunately my retirement fund doesn’t allow this. Spy is so high right now and Btc is low.

>>58616704
>go all in on VT for now, then rebalance into VT/BND as you grow older.
Not great for a taxable account; OP could end up paying tax twice on the sale of VT and then again when selling the BND for consumption. If OP wants to start equity heavy then go to bonds he should buy a target date fund once.

WHY DOES THIS THREAD ACTUALLY HAVE GOOD ADVICE LOL

WHERES THE SHITCOIN SCREECHERS

>>58616872
What’s your thoughts on this. I have about 70% of my retirement portfolio in cash because I sold a few days ago. Should I wait for a dip or just buy back in to my spy tracker retirement account and just forget about it?

>>58616918
>Should I wait for a dip or just buy back in to my spy tracker retirement account and just forget about it?
With how far out I'd guess retirement to be for you I'd just go straight into whatever equity allocation you want now. It might well go down in the short term, but that's going to be a blip in the long term especially because you'll be able to buy the dip with new contributions if it does go down.
Of course it could also never significantly dip below its current level and you'd have to buy back in later at a higher point.

I think there is potential for profit from longing or shorting specific stocks (or cryptos for that matter) but IMO trying to time or trade the S&P 500 is pretty futile given they've got to be the most watched securities in the world.

>>58616414
buy leaps on gamestop

>>58616456
basically this, this is what i do

>>58616428
then get the fuck off this board and go post on some financial plebbit forum

>>58617015
Very rational. Thanks. I’m probably looking another 20 years until retirement

>>58616414
What is it about wealthy adults not teaching their kids about finance while the poverty-tier adults seemingly raise the most frugal bastards known to man, destined to become millionaires by pure virtue alone?

>>58616414
Anyway, to answer your question
>i don't want to mange [sic] it myself
That's good. Two strategies then:
1) Passively Active: buy the whole index. What others said. SPY, VOO, whatever. It's more or less all the same. Pick the one with the lowest expense ratio/fee (these are built into the price of the ETF, you don't actively pay the fee)
2) Actively passive: buy parts of the whole index. This is where you'd actually pick certain stocks yourself, usually equally weighted. I mean, why buy SPY when you could just directly own Microsoft and Nvidia, amiright? The trick is to buy these large/mega cap stocks and then never, never, ever, fucking ever, sell them. Forget about them. Buy 10-15 of the best stocks in SPY and then forget you ever did. Don't fucking sell. Don't even fucking look at your portfolio.

Strategy 2 outperforms by far and the only reason people don't do it more often is because they fucking sell too early and gimp themselves (i.e. less than 10 years)

>>58616414
Not dropping $10,000 on GME calls at open tomorrow is criminal

>>58618880
>Forgot pic
Pic related is potential profit on $10K June 21st $29 contracts

>>58616414
M1 Finance.

>>58618720
This is what separates the kiddos from the big boys. Imagine holding $250k of NVDA, AMD, TSLA, etc. the past decade vs some schmuck who held VTI

>>58618956
For real. How big of a retard do you have to be to get $250k and think you can retire on that in "30+ years" buying an index fund that can't even beat inflation?

>>58616423
This. Get a robinhood account so you don't have to pay (((fees))) to anyone. Also, while you are at it get their credit card that gives 3% back:
https://urlr.me/S7r4n

>>58618898
can someone explain this to me?

>>58618990
No one is going to explain options to you (with your benefit in mind). If you truly have a +30 year timeline and have the mental to withstand volatility, buy parts of the index like I described. If you don't panic sell or sell for profit too early, you WILL be propelled into the MILLIONS. Plural. If not tens of millions. It WILL take +30 years. One of the megacaps you will buy is a company billions of people use today, that everyone knows about, that you are probably using right now, WILL go to zero and you WILL panic sell and fuck it up. Don't do it. Don't fucking sell. Don't fuck it up.

>>58619003
>The year is 2054
>Anon goes to his local JP Morgan
"Hi, I'd like to withdraw my retirement fund"
>JP Morgan financial advisor gets shifty, calls for manager
>Manager (50 year old zoomer) enters the room
"Anon, we can't advise that you retire early"
>Anon confused since he's 67 years old
"Congress raised the retirement age to 76 back in 2034, Anon"
>Anon is adamant he wants his money
>Manager looks him dead in the eye
"Anon, at 7% annual growth minus our small annual fee for actively managing your account all these years you've got $2.1M in your account"
>Anon is flabbergasted at this enormous windfall
>Doesn't realize that 30 years of inflation has rendered his gains essentially useless
>Doesn't understand purchasing power
>Manager convinces him to take out a second mortgage on his house in order to pay for the fees of their "Aggressive" actively managed index product
>Anon is now making 11% annually
>Anon walks out of the bank with a huge grin
"10 more years, Anon, 10 more years"
>Heads back over to the wagie factory to put in an honest day's work
This is the best case scenario if you hand your money to one of the banks.

>>58616414
>>58619003
>If you truly have a +30 year timeline and have the mental to withstand volatility
He obviously doesn't based on what he's asking and his perspective on $250,000. If this was 1990, $250,000 invested properly could pretty well set up most normie tier retards for retirement. Not in 2024. You have to take on risk especially with such a small amount + a windfall that just fell in your lap. This is evidently your one chance because you think $250,000 will set you up for life (it won't). You need to take on massive risk with at least 20% of the money to even have a chance.

>>58619213
>You need to take on massive risk with at least 20% of the money to even have a chance.
And buying 1 BTC like >>58616423 said isn't even a quarter of the risk I'm talking about. You might as well just blow the cash now if you're too scared to take a risk.

>>58618956
>Imagine holding $250k of NVDA, AMD, TSLA, etc. the past decade vs some schmuck who held VTI
Makes you wonder why everyone doesn't do that. I guess you can tell us which stocks are going to massively outperform in the next decade?

For me, it would be all in BTC.
You are at the foot of a bullrun and whatever you buy for now will be worth more within the next 12 months. Once you have turned that 250 into 400+ THEN do all the stonks stuff mentioned above, just don't do the bullshit about picking individual stocks, you WILL fuck that up.

>>58616414
Elephant in room is Link and it'll dwarf everything else

>>58620259
Cope, it's obvious technology is the catalyst for everything happening in our economy. No I'll buy oil and consumer staple stocks instead

kek learn the game kid

>>58620732
you LINK morons are in a cult
it's sad you can't see it
fat Slavic hopium of the masses

>>58619220
I’m assuming he’s still working for the next 20-30 years. I would love to get a 250k head start. I’m making over $300k/year household and I still don’t have $250k saved.

>>58622676
>just buy yahoo and aol stock, the internet is the future.

fidelity, all in on VOO
i choose fidelity because i like how it looks
done