/biz/ - Business & Finance

[Anonymous No.12410380]

>19
>Just inherited $65k

What do? Not asking to be spoonfed, just to be led in the right direction.

Please help me /biz/.

[Anonymous No.12410404]

>>12410380
take 10k waste it for whatever shit you like.

take the rest and put it away for atleast another 6 years untill you grown brains (maybe buy a stack of 10 - 20k link thats it)

not beeing a dick honest to god oppinion

[Anonymous No.12410435]

>>12410380
Answer is the same whether you have $1 or $1B to spend:

>60% VTSAX
>10% bonds
>10% gold/silder
>15% BTC/ETH/XMR
>5% LINK

[Anonymous No.12410442]

Put it in a high yield savings account and take a long time to think about what you want to do in life. Like at least 6+ months.
What do you want to do, anon?

[Anonymous No.12410462]

>>12410380
Don't waste any of it

Put the money into an S&P index fund and don't look at it for 20 years

[Anonymous No.12410464]

>>12410380
buy 20 bitcoin
wait three years

[Anonymous No.12410476]

>>12410462
he has to waste some of it to learn the value thats just the way it is

just please dont waste it all OP

[Anonymous No.12410488]

>>12410476
I know he probably will, but he shouldn't

[Anonymous No.12410495]

>>12410488
neither should we have ;)

[Anonymous No.12410506]

>>12410435
Came here to post basically this. God tier long term portfolio right there

[Anonymous No.12410510]

>>12410380

Do you have debts over 5%? Pay them off
Do you have debts under 5% but greater than 65k? Put half towards the principal amount, and set the other half as your emergency fund and act like nothing happened

Otherwise, emergency fund of like $10k and the rest in a target retirement date account. Take your real 7% and sit on it and let that baby compound. If you put $55k and sat on it until you're 60 in the vanguard target fund it'd be worth ~$770k in real dollars.

[Anonymous No.12410516]

>>12410495
no argument there my man

[Anonymous No.12410526]

>>12410435
>>12410442
>>12410462
Thanks for the solid advice, still relatively new to finance. I will definitely put a small percentage into crypto (already have 1btc, 15eth, 26zec). Also yes I’ll look into S&P index funds and high yielding savings accounts.
>>12410510
Absolutely going to screenshot and study this post, thank you very much.

[Anonymous No.12410544]

>>12410435
>Answer is the same whether you have $1 or $1B to spend:
>10% gold/silder
>15% BTC/ETH/XMR
>5% LINK

[Anonymous No.12410546]

>>12410510
be very careful with this. target retirement accounts can be a scam with their management fees.

[Anonymous No.12410560]

>>12410526
>still relatively new to finance

kek, good luck OP just dont be an idiot

[Anonymous No.12410565]

>>12410380
fuck these hoes telling you to save it. Blow 15k traveling and seeing the world. Stay in nice hotels, go to multiple destinations. Go to resorts. Experience life. Set aside 15k for an emergency fund. put 20k in a savings account. use 15k to pay off any debt you have or put it towards a home.

[Anonymous No.12410569]

>>12410380

Everyone here is retarded...

1. Don’t tell anyone. Especially your friends. This is the most important.
2. Keep living life the way you’re living right now.
3. If you’re not working, start working or doing something. Anything at all. Don’t just sit around and do nothing. Be productive.
4. There’s some solid advice here regarding investing your inheritance but the best way imo is to research and look things up on your own. That way everything will stick in your head and you’ll actually understand how Investing really works.
5. That money isn’t a whole lot of money. Even if you played it right it’s not something that’ll keep you afloat for the rest of your life. Accept this and don’t let this change your lifestyle or tastes. Good luck

[Anonymous No.12410570]

>>12410380
Buy a nice used Porsche.

[Anonymous No.12410582]

>>12410565
Dumb advice.
Travel on an average salary is not hard unless you're a McDonalds employee.

>>12410435
Good advice. Just don't buy LINK.

[Anonymous No.12410659]

>>12410380
school faggot

[Anonymous No.12410720]

>>12410380
>VTSAX
Pay off whatever debt you have and set aside 3-6 months of living expenses into a savings account. This is called the "oh shit" fund.

Take the remaining and put it into a separate online savings account that gets over 2% like Ally. The 2% will help mitigate most of the inflation (your dollar loses value over time). Every year take 10% of the original amount and move it into investments for the next 10 years. This is called dollar-cost averaging. It prevents you from investing into something at an ATH or relative high and getting fucked for it. Example: you invested all of it in September of 2000, right before a major crash. Tough luck. Now it takes you 7 years just to get back your original amount, just in time for the 2008 crash and you have to sit an wait well over a decade to make ANY gains. Look up the s&p 500 index and learn from the history. If you were dollar-cost averaging that the entire time you would have bought as or near the lows and come out fine.

What to invest in, and what %?:
>50%
some ETF that tracks a extremely diverse index. This mitigates risk. I personally go with VT, which invests in the entire global stock market.
>20%
bonds. US Government is the safest, but you can also find some neat bond etfs instead of actual bonds like FALN, or be boring and go TLT/BND. The rule of thumb is 100-your age = % stock, the rest being bonds.
>30%
whatever stock you want or find some meme shit (but keep your meme shit low). Pic related are some of my personal picks. I recently dumped a bunch into fucking MJ. Other meme shit includes crypto and speculative things.

All that being said you can also take 5k or so and have some fun with it. Very important: don't let ANYONE know you came into money.

t. got 400k when turned 21.

[Anonymous No.12410758]

>>12410526
put all your crypto money into link
put the 65k into link to

[Anonymous No.12410789]

>>12410380
Don't spend it on internet meme coins

[Anonymous No.12410792]

>>12410435
Good advice, personally drop Link and bring crypto down to 10% and bump VTSAX to 70%. Just my risk profile at your age. Up to 20% in crypto is fine if you believe in it, steal from the VTSAX percentage.

Crypto distribution:
50% BTC 25% ETH 25% XMR
If you don't believe in centralized cryptocurrency, 70% BTC 30% XMR.

[Anonymous No.12410819]

>>12410569
This is all equally important to the actual investing advice.

>>12410792
Last line should read ETH, not XMR.

[Anonymous No.12410824]

invest 5k in cryptos, another 5k in silver, keep maybe 1k in cash. digital fiat is underrated. it gives you a weird boost in yourself, a feeling of security, or hunger for some.

[Anonymous No.12410832]

>>12410569
solid advice

>>12410380
>>12410720
Anyway so to visualize it the breakdown would go something like this (assuming your oh shit fund is 5k and you have 0 debt)

>5k oh shit fund
>60k in Ally
This will yield you around a grand a year starting and just is there to stop some of inflation eating away at your resting money. You could also throw half of this in a 5 year CD for a better interest rate but trying not to overcomplicate it for you. Example for every year (starting this year) invest 6k:
>3k
VT or VTI or SPY or some shit like that
>1200
TLT or BND or literally buy a fucking bond which is kind of a pain to cash/buy/hold
>1800
Stock/etf: MJ, NRZ, KBWY, MCD, MSFT, WM
Crypto: XMR, BTC, ADA
Gold/silver/coins
Antiques/collectibles/firearms

[Anonymous No.12410847]

>>12410380
drop out of hs you're rich as fuck who needs geometry? you made it

[Anonymous No.12410855]

>>12410404
fuck you idiot

[Anonymous No.12410952]

>>12410832
Putting a generous emergency fund into Ally Savings is a really good idea prior to taking any of it and distributing it into investments actually. Good return for lots of personal financial security. Do the math, 3mo - 1yr bare minimum expenses to survive and keep getting to work on time, and that's what you put in there. Don't touch except in those cases.

Any high interest debt (7%+) needs to be paid off first too, although I don't think OP mentioned anything like that.

[Anonymous No.12411008]

>>12410952
Yeah there wasn't a lot to go on in the OP, so I'm assuming nothing is terribly fucked/weird with his situation. I'd say pay off ALL debt first though. David Ramsey has some ruleset for which debts to attack first based on APR, size of debt, terms, etc.

[Anonymous No.12411039]

>>12410380
what are your future needs of money?
some retirement, some index fund, rest to make some money off of interest

[Anonymous No.12411081]

>>12410380
If I were you, I'd put ~1K in gold (1 ounce), 1K in silver, 1K in crypto and keep the rest as a buffer in case you are out of a job. Then learn software development, get a job paying 75,500 per year (at e.g. Microsoft) and just profit.

[Anonymous No.12411159]

ignore everyone go all in on Link

[Anonymous No.12411169]

>>12410565
Travelling is fun but not the way you've described. At 19 he should be staying in grimey hostels and banging foreign sluts, not being an autist in a 5-star. Alternatively, staying with host families and experiencing the real culture of a place. If OP invested a large portion of his windfall, he could live well off dividends while teach ESL or some other fun 'job' where you meet exotic cuties.

[Anonymous No.12411193]

>>12410380
1-dont follow any advice from /biz/

[Anonymous No.12411227]

>>12411169
I disagree. I think passing on meeting psychos in hostels is the right move. Traveling with class is the only way to travel.

[Anonymous No.12411278]

>>12410435
60% VFINX (no shitstocks, no shitetf)
20% High yield savings (no shitbonds)
10% Gold (no shitsilver)
10% Bitcoin (no shitcoins)

[Anonymous No.12411303]

whores and cocain

[Anonymous No.12411305]

>>12411169
>If OP invested a large portion of his windfall, he could live well off dividends
The s&p 500 only averages around 2% dividends. Some of the highest REITs only yield 7-8%. Some of the freakish high-risk investments like GECC yield 10%+. Even at 10% that's only $6500 a year.

I'm not saying passive income isn't great, I'm saying that 6500 a year is far from even supplementary income for most.

[Anonymous No.12411346]

>>12410380
$30k into boomer dividend stocks and the other $35k into a starter house or condo.

You do those two simple fucking things without deviation and you will make it by 30

[Anonymous No.12411427]

>>12410546
This.
It's fairly new thing in our country.
I read few of them, and those are true scams.
Even in our investing journal summits or occasional topic themed meetings Speakers tell not to sign any deals, tell families not to do it and so on... They always put them on radar and still there's no single one that is not scam.

[Anonymous No.12411497]

>>12410380
put 40k all in the S&P500. save the rest for Bitcoin when it hits $2800.

don't listen to these shitcoiners. you will lose all your money.

[Anonymous No.12411597]

>>12410404
This is the worst advice in this thread.

[Anonymous No.12412157]

>>12410380
Buy Link

[Anonymous No.12412180]

Wait for housing to crash
Put down payment on house
Rent it out
Do some improvements
Sell for more
Repeat

[Anonymous No.12412198]

>>12410380
DONT PUT YOUR MONEY IN CRYPTO

BUY A HARD ASSET LIKE REAL ESTATE THAT YOU CAN CONTROL

[Anonymous No.12412542]

>>12410380
invest in yourself,.
fix your ugly smile,
learn in demand skills for job
whatever is left over dump it into a long game portfolia, probably some Vanguard build.

[Anonymous No.12412828]

$20k TRTL and save the rest