Not larping, if I made 1.3M from GME should I go with the big V?

[Anonymous No.27637722]

Or should I put it in high growth stocks? Aiming for $4-5 million

[Anonymous No.27637946]

Holy shit so many threads being bumped where are the Vanguard chads at

[Anonymous No.27637997]

>>27637722

Depends on your time horizon anon. Younger you are, more risks you can afford to take. Mutual Funds are a great long term strategy when DCA'ing. That said, Vanguard is a great company if that is your steez.

[Anonymous No.27638219]

>>27637722
>tfw 36g in the big v
Ive only made about 10k in 10 years but its slow and steady. Bogle bros know this

[Anonymous No.27638314]

Vanguard is great, yes. It's up to you whether you want to do stocks/mutual funds or crypto depending on how risk averse you are

[Anonymous No.27638342]

>>27637997
Early 30's. Thinking I want to be more aggressive but also thinking a market pullback is ripe

[Anonymous No.27638959]

>>27638219

bumping in agreement

[Anonymous No.27639108]

>>27638342
Throw it in Vanguard's retirement target fund and forget about it. Congrats Anon you no longer have to contribute to your retirement. How will you spend your extra money? You have been maxing your 401K and Roth, right?

[Anonymous No.27639175]

>>27637722
Vanguard or Fidelity?

[Anonymous No.27639215]

>>27637722
Vanguard sucks but they did a good job with marketing to fool r*ddit into using them and their boomer ETFs.

[Anonymous No.27639229]

>>27638342

Well, weight your portfolio more heavily to equities. Whether or not you choose to buy ETF's, mutual funds, hand picked stocks, is up to you. But mutual funds are a very cost efficient way to achieve diversification within an asset class. Vanguard has great customer service and will explain alot of this to you. You should check them out. Im early 30's, and if I had a million dollars, I would put it in a diversified mutual fund portfolio for long term growth and gamble on meme stocks and crypto with fuck around money from my paycheck

[Anonymous No.27639245]

>>27639108
I have maxed Roth IRA but not 401k. You can only contribute 6k a year to your Roth so what do you mean no longer contribute to retirement?

[Anonymous No.27639390]

>>27637997
mutual funds suck. their expense ratios are massive and they basically rarely outperform the sp500.

>>27637722
buy SPYG , SPY and some internal stock index and call it a day. Maybe SPYD for some derivative incomes. then log off nigga, you’re done. enjoy your 50k per year in passive income.

[Anonymous No.27639396]

>>27637946
o7

[Anonymous No.27639465]

>>27639245
Literally what I just said, why would you need to make any more contributions if your 1MM is growing? You now have $500~ extra per month. You will still have to wage but no longer have to save.

Congrats, am jelly

[Anonymous No.27639500]

>>27639108
fuck target date funds. waste of expense fees. buy equities and a bond index.

[Anonymous No.27639588]

>>27639175
I'm with Fido personally

[Anonymous No.27639590]

Vanguard is good if you want a shitty outdated experience with a limited selection of funds and almost no features. TDA, Fidelity, IBKR, Merrill Edge, Schwab are all 10x better.

[Anonymous No.27639593]

>>27637722
also don’t forget the tax man is coming for 40% of that.

[Anonymous No.27639596]

>>27639245

he means save your 1 million for retirement. not in a retirement account per se but with conservative long term investment strategies. again, dont gamble it away on meme stonks and pump and dumps. screencap this and check em in 20 years.

[Anonymous No.27639635]

>>27637722
when did u buyed gme?

[Anonymous No.27639644]

>>27639500
Quite literally the least possible risk for Anon and he will never have to worry about funding his retirement again.

When you have this amount of money you don't want to be fretting about it like OP clearly is. Make it someone else's problem and enjoy the benfaits. Retirement funds average like 8-10% yearly, that's great IDC what anyone says and vanguard has the lowest fees, so

[Anonymous No.27639726]

>high growth stocks
You mean cryptocurrency?

[Anonymous No.27639750]

>>27639593
still, 780k is 780k

[Anonymous No.27639749]

>>27639390
Expense ratios on Vanguard are like .1% you fucking moron

[Anonymous No.27639777]

>>27639465
Got it, understood thx

>>27639229
Yeah, I am thinking large/mega cap picks for some of it, and some small cap gambles like Palantir

[Anonymous No.27639792]

>>27639245
Shit - If you've got 1.3 or so mil, you generally don't have to contribute anything to your retirement fund although it won't be in 401k/IRA but rather taxable accounts.

Put it all in a taxable account [90/10] stocks/bonds or whatever...
Continue to invest into your IRA, be mindful of limitations you might have w/ the income you'll get from the investment [dividends and etc] limiting your eligibility for either Trad/Roth contributions.
Max out your 401k contributions - you can clearly afford to do that and it's just wise when you have got 1.3mil working for you.

[Anonymous No.27639944]

>>27637722
Go with 50% VTI and 50% VT if you are not using it for income and plan to continue investing.
If you are going for yeild, throw VIG, VNQ, BND and BNDW into the mix.

[Anonymous No.27640006]

I would get land in the country not near any city or in a refugee path that could be farmed a house paid off on that land and everything you would need to bunker down for a few years if shit went nuts then invest 100k in physical metal and then the rest I would invest in things that will do well in a market crash/ survive one.

and this is all assuming you have zero debt.

Keep some aside for speculation as well

[Anonymous No.27640038]

>>27637722
absolutely not, Vanguard's brokerage is trash tier and their ETF's, while good, are nothing special or unique anymore.

[Anonymous No.27640189]

>>27639944
checked, thanks anon

>>27639792
this is high IQ, thanks

>>27639635
$20's and $30's, threw in six figures. i don't know why i did but damn sure appreciative

[Anonymous No.27640307]

>>27639777
Nice trips.

Anon, I'm going to help you out before you lose all your money gambling.

>1.3 MM
>40% is 520000
>720,000 left over
>Daverasmey.com
>age 30, conservative growth of 8%
>13.8 MM in 30 more years
please anon, quit while your ahead bro

[Anonymous No.27640539]

If you’re retiring then 50/50 $O and $ADC for their monthly dividends that’s around $4,600 a month with 1.3 mill

If your going to keep working take the $4.6k monthly and build your equity with growth plays using the monthly dividends or build the dividend stream to $10k a month

I’ll personally be living off the money while neeting at parents till I build to 5kish

Defi until eth collapses from fees -> Dividends for the nestegg is my plan

[Anonymous No.27640668]

>>27639593
name one reason to pay taxes

[Anonymous No.27640949]

>>27640307
what the fuck... i thought that said 13 thousand. 13 MILLY

[Anonymous No.27640987]

>>27640307
Holy fuck taxes are insane

[Anonymous No.27641177]

>make gains in crypto
>funnel gains into big V income and accumulation accounts
>continue making crypto gains whilst being paid a salary from big V
Actual high IQ move

[Anonymous No.27641361]

go 60 tqqq 40 tmf
bogleheads approved
https://www.bogleheads.org/forum/viewtopic.php?f=10&t=272007

[Anonymous No.27641562]

>>27639749
Technically there’s a difference between mutual and index fund but he should have known it was the latter.

[Anonymous No.27641614]

>>27640668
good point. brokerages certainly don’t report your capital gains to the IRS and the IRS certainly doesn’t check your taxes.

[Anonymous No.27641746]

>>27640987
no shit lol

>>27640949
that's a retirement calculator, you fill the info in and it gives you a plan that works around your needs

[Anonymous No.27641757]

>>27639749
some mutual funds, sure. i was speaking generally and thought the referenced post was as well.

[Anonymous No.27641837]

>>27640668
I cant, also based

[Anonymous No.27641846]

>>27641614
You're an idiot. enjoy getting fucked when you get audited.

[Anonymous No.27641988]

>>27640307
This is awful. Why the fuck would he want to wait until he's 60 to retire when he already has $720k? Dave Ramsey is a fucking idiot. He's gone bankrupt twice.

You don't owe those taxes until the end of the year OP. If you lose money trading before then you owe less taxes. I'd put 75% into some safe stocks and 25% into Link, but you do whatever you think is right.

[Anonymous No.27642029]

>>27641361
I remember reading about this a while ago, are the gains still coming in?

>>27641177
Checked, I am sitting on a stack of LINK that I don't count as money. Have had it for years

[Anonymous No.27642076]

>>27641846
...

[Anonymous No.27642221]

>>27640189
congrats nigger. i hope to one day have balls like you

[Anonymous No.27642227]

>>27637722
Niqqa just put it in a 7% return stock and go to sleep.

[Anonymous No.27642385]

>>27641988
Not entirely true. If he doesn’t prepay enough this quarter he’ll owe more later in penalties.

[Anonymous No.27642588]

>>27642385
the fuck are you talking about anon, IRS is coming for me quarterly?

>>27642221
thanks anon, eventually you get tired of making 100% on something but only put in $12k

[Anonymous No.27642991]

>>27637722
buy cardano and stake for 5-6% staking rewards. you'll also make insane gains on the base value that are tax free since you will not realize those gains.

[Anonymous No.27643236]

>>27642588
We didn’t just do this in another thread did we? Second one today. I should become a CPA.
If you file next year with a million dollar capital gain and owe something like 10% more than your last year’s tax burden because all you’ve withheld is whatever your job does for you, they penalize you. Definitely look into it for yourself.

[Anonymous No.27643314]

>>27640189
that's crazy bro. congrats.

[Anonymous No.27643386]

>>27642385
I thought that didn't apply until after the 1st year you owed quarterly taxes? I'm probably wrong though.

So it'd be like $12,700 in penalties right?

[Anonymous No.27643592]

>>27643386
Anon you should probably go speak with an accountant lol.

[Anonymous No.27643610]

>>27643236
fuck. Any links you have?

[Anonymous No.27643728]

>>27643592
I'm too poor for all that. I was just running the calculation from the data I found on the IRS website.

[Anonymous No.27643822]

>>27640668
the price you pay for living in a good country
you CAN pay no taxes (go to Bermuda, Seychelles etc), but what do you get? Dirt roads, no hospitals, shit facilities. Also, your country has a system that gave you the ability to make money so you need to pay a little back.

[Anonymous No.27643905]

>>27643728
>I'm too poor for all that.
har har

[Anonymous No.27643951]

>>27643905
I'm not the OP you know that right?

[Anonymous No.27644010]

>>27643822
nice headcanon

[Anonymous No.27644023]

>>27643822
Yes and no. You’re right, while the fact that too much taxes (more than $0) goes to gibsmedat money that arguably does not better our nation.

[Anonymous No.27644110]

>>27643728
the penalty will be ~4% of the tax own, compounded daily from the day you should have made the estimated payment for your windfall. nothing too serious.

[Anonymous No.27644140]

>>27637722
Get a growth stock Vanguard ETF like VOOG, VOT, VBK, or MGK. Best of both worlds.

[Anonymous No.27644256]

>>27638314
GMI Portfolio consistently buys BTC and VTI and just waits.

[Anonymous No.27644313]

>>27643386
I think you only get away with it if you didn’t owe last year. It’s unclear to me if they mean owe as in you got a refund or owe as in your tax due was $0 because you didn’t earn anything. It sucks enough paying these fuckers anything, so err on the side of not giving up extra.
>>27643610
Well don’t panic. If you made this money from GameStop you must have sold this month so you have until April 15. Start with https://www.irs.gov/taxtopics/tc306..

[Anonymous No.27644404]

>>27644140
What’s the difference between VOOG and VOO? I threw about 20k into VOO last year and it’s done pretty good so far.

[Anonymous No.27644433]

>>27637722
VFIAX, VDADX, FCNTX

Those are solid long term good yield investments

[Anonymous No.27644476]

>>27644313
Err, I suppose last month, but still this year.

[Anonymous No.27644488]

>>27639593
> 40%
?

[Anonymous No.27644617]

>Vanr*ddit
no thx

[Anonymous No.27644619]

>>27641846

[Anonymous No.27644674]

We don't get Vanguard here quite like over the US. They have a couple of ETFs registered on Ireland.
The plus side here in Poortugal and the way I scratch my gambling addiction is no tax on crypto.
>gamble on shitcoins
>Always take your initial kids, at the very least
>Ride the pumps and put the tax free gains on boomer shit
Fattened my ETF stack by 100k in 2020 alone and still on some long positions in crypto

[Anonymous No.27644954]

This gave a pretty good description.

https://www.moolanomy.com/4741/quarterly-estimated-taxes-due-dates-calculation-and-late-payment-penalty/

[Anonymous No.27645097]

>>27639108
Roths make sense, but 401(k)s are retarded, even if your company matches a ridiculous amount (like up to 30k/year). In order to benefit off a 401(k) and stave-off inflation, you need returns unlike anything that the market can provide these days. Also, you'll probably be dead or frail by the time you can release your funds tax-free. Better to take the higher paycheck from your employer NOW and invest it in something that actually pays out.

[Anonymous No.27645157]

>>27639588
Yeah? I'm with Bell.

[Anonymous No.27645229]

>>27637722
I work there

[Anonymous No.27645236]

>>27637722
dubs checked. put it back into crypto like everybody else you degenerate fuck.

[Anonymous No.27645314]

>>27644674
Q gnd tanga seu tolo

[Anonymous No.27645335]

>>27645097
Liquidating your 401k Holdings without causing a taxable event is nothing to sneeze at

[Anonymous No.27645352]

Their web interface is terrible and their app is peak boomer (seriously it's just one page that scrolls). I prefer Fidelity

[Anonymous No.27645361]

>>27645097

This sounds like solid advice but you're also a random dude on a shit posting anime board. Any research you can steer me towards to back your claims?

[Anonymous No.27645404]

>>27643822
>what is dubai
>what is singapore
>what is monaco
your faggotry rings hollow, IRS glowie

[Anonymous No.27645406]

why does /biz/ hate bomer index funds?
don't they beat out most forms of investments over a really long time?

is because 7% annual returns are so slow?

[Anonymous No.27645497]

Look for a mutual fund with a low expense ratio

[Anonymous No.27645548]

>>27637722
ALL IN ON VTSAX

[Anonymous No.27645596]

After the next crash do the 55% UPRO 45% TMF thing on 1/3 of it. Other stuff into boring Vanguard fund.

[Anonymous No.27645618]

>>27645314
t. Mouro

[Anonymous No.27645625]

>>27644488
He would have the highest federal tax rate plus any state tax. Also if they don't pay this during Q1 they will have fines and penalties.

[Anonymous No.27645701]

>>27645097
my wife made 30% on her aggressive 401commie fund under the Trump admin. Not bad for zero effort. after this new fuck, she shifted it to the two blackrock funds that are into crypto. meanwhile, I managed 230% buying memes on biz.

[Anonymous No.27645729]

>>27645406
Because having millions at 30y is better than ate 65yr

[Anonymous No.27645781]

I have a good pension lined up. Should I still put money into a retirement fund? The pension fund costs me each paycheck already

[Anonymous No.27645798]

>>27644404
Nothing wrong with VOO. VOOG is just VOO that is reduced to the growth companies. We're in a growth market cycle so it has paid off well. By contrast VOOV focuses on value stocks within VOO. It will only pay off if we enter a new value market cycle which is uncertain. Has the highest dividend yield of the three which is great for passive income but makes it less tax efficient.

All that said VOO captures the returns of both growth stocks and value stocks which VOOG and VOOV respectively focus on. It will never capture the same level of returns as either but it will recover losses better than either when the market shifts. Since you already have VOO I recommend you stay that course. Interest rates are extremely low right now with no correction in sight so VOOG is a surer bet than VOOV which is a much riskier, longer term play for now.

[Anonymous No.27645819]

>>27645406
jews

[Anonymous No.27645958]

>>27645781
if it's a union pension, don't count on it. they get robbed.

[Anonymous No.27646112]

>>27645625
Only if he cashes out enough. If OP is smart he lives within 15% LTCG tax plus state income tax if any.

[Anonymous No.27646311]

>>27645958
Is there any history of pensions not paying out? My employer is a county government. I doubt they'll ever be insolvent but I haven't read anything on the topic

[Anonymous No.27646517]

>>27645097
It depends if your company offers dogshit funds. It is far down the list of where you should invest your money past the company match. But careful with the Roth vs. 401k distinction. You can have a Roth 401k. It’s really IRA vs. 401k.
>>27646112
In general you should hold on for at least a year if you can get away with it for this reason, but read OP again.

[Anonymous No.27646609]

Vanguard has a poor rating on Investopedia, what's that about? Is having a Vanguard account the only way to invest in VTSAX? How many of you are investing in that fund? I first learned about it like 5-6 years ago from the early retirement community so I don't know if that is out of date now.

[Anonymous No.27646873]

>>27646311
In the US there are many cases of state/private union pensions becoming insolvent either through bad investments or blatant theft.
Depending on your country and time till you collect it should be safe, if you're talking something like a swiss .gov pension its basically guaranteed.
>t. Someone who's state run pensions have over $100 billion in unfunded liabilities
>"Every cent of revenue goes to pay the payments on our unfunded liabilities"
My last governor^

[Anonymous No.27647100]

>>27645097
> dead/frail before 401k withdrawals are tax free
Who the fuck thinks they’re going to be frail and useless at 60? Everyone in my family lives well into their late 90’s and are only “frail” hitting their late-70’s and early 80’s..shit my dad is 61 this year and goes CAT skiing and plays in a badminton league weekly. What kind of nonsense are you peddling, shit-gene blood line?

[Anonymous No.27647190]

>>27646609
Probably due to their boomer UI. I think it’s well suited for what you’re supposed to be doing there but whatever. It’s a fine brokerage.

[Anonymous No.27647192]

>>27646873
Illinois?

[Anonymous No.27647349]

>>27638219
>Ive only made about 10k in 10 years
Bro wtf, with 20k in I've made about 3k in the last 2 years alone with vanguard

[Anonymous No.27647436]

>>27647192
Connecticut.
But, previous post applies to most rust belt states & CA.

[Anonymous No.27647479]

put it in vanguard, you fell into this money and you will fall the fuck out of it if you try investing it yourself.
keep some money to play with, but don't handle it all yourself. You will out gain 99% of this board and never have to work again if you're conservative with your money.

[Anonymous No.27647763]

>>27647190
Is Robinhood the only brokerage that actually invested in having a usable UI? A bunch of numbers and graphs don't count

[Anonymous No.27647773]

i dont understand something from this thread
do americans dont have pay tax until they pull the money from their brokerage account? how does that make any sense

[Anonymous No.27647898]

>>27637722
3 words.
capital gains tax

[Anonymous No.27648228]

>>27647773
Gains from investing are considered income and we tax income
Depending on how long you held the stock for and your tax bracket you will be taxed at different rates
There are accounts where you pay the taxes up front like a Roth IRA, you can withdraw the funds without paying taxes around the age of 60. You're usually limited with how much you can put in these accounts every year

[Anonymous No.27648530]

>>27647436
But do you think there will come a day when Connecticut or Illinois or any state will stop paying retirees? As far as I can tell government pensions are essentially a guarantee but I'd love to hear any contrary opinions

[Anonymous No.27648682]

>>27645798
Thanks anon. Appreciate the explanation.

[Anonymous No.27648772]

>>27647773
Unrealized gains are not taxed and long term taxes are low. Its to incentivize people to invest

[Anonymous No.27648776]

>>27645497
there is literally no expense rate lower you fuckung retard. thats the whole point of vanguard

[Anonymous No.27648829]

>>27647763
Webull I think has a nice balance of usability and function, but if Chinese ownership concerns you then you’ve got a problem. Thinkorswim is a really great app, bit of a learning curve especially on desktop. Robinhood’s has gotten them sued for being addicting with the literal confetti effects.
>>27647773
Our new treasury secretary is floating the idea of taxing unrealized gains (before you sell) so that’s just great. She’s the one who took money from the Citadel firm she now has to pretend to investigate. This rotting carcass of a country...

[Anonymous No.27649572]

>>27646609

VTSAX is specifically the Admiral Shares (best expense ratio) version of their Total US Stock Market Index. It's counterpart, VTI, is an ETF that can be bought through a broker. The two are mostly identical, though you will probably be charged commission fees if you buy the ETF.

They are the best investment in the world, as proven by science and statistics, and should be paired with the International Index, a Bond Index, and the REIT index when you get old.

Everyone in biz should invest 90% of their portfolio between these funds and use the remainder to play their little gambling games. You won't become a millionaire overnight (just in 35 years), but you won't end up broke in the ditch like the vast majority of day traders and crypto speculators.

[Anonymous No.27649851]

>>27649572
no

[Anonymous No.27650643]

>>27649851

Keep gambling your NEETbux or burger flipping wages on volatile stocks or useless crypto. For every one poster who screenshots his million dollar gains, there's a hundred lurkers who are financially ruined.

If you can sock away just 300 a month in a balanced Vanguard portfolio, you will retire a millionaire with 99% certainty (the exception being a complete societal collapse). Run it through any compound interest calculator at 8% and 35 years.

[Anonymous No.27651059]

>>27645406
They’re a good place to park millions but crypto is where you make your wealth.

[Anonymous No.27651167]

>>27650643
>35 years.
No thanks

[Anonymous No.27651317]

>>27637722
Vanguard is a cult and the best people I've ever met in finance were people that recognized it without working there or especially people who worked there, quit, and went somewhere else.

[Anonymous No.27651930]

>>27649572
Nonsense. A portfolio of VTI, VT, BND, and VNQ is a fantastic bank to preserve and grow wealth, but it won't be the source of that wealth.
A better strategy is to go 50% speculative: individual stocks, leveraged etfs, IPO/OTC/Pink Sheets, and crypto. Balance the two accounts periodically and you have the best of both worlds.

[Anonymous No.27652422]

Put .2 in link and .1 in xfund
You will 10x that mill by September then worry about what boomer fund to live off

[Anonymous No.27652603]

>>27650643
You speak truth, but they reject your message.

[Anonymous No.27653040]

>>27637722
Do both - most of my money in Vanguard is split between VGT and MGK

[Anonymous No.27653594]

>>27651059
While I endorse index funds I cannot exactly disagree with this. I buy BTC and some LINK and have a near 4:1 ratio of crypto to stocks.

[Anonymous No.27653664]

>>27637722
All in on Litecoin. Cash out past a $400 LTC and then all in on Vanguard Boomer Mutual Funds. I literally see no reason why Bitcoin’s silver wont get a new ATH this year.

[Anonymous No.27653676]

>>27649572
This is what I needed to see today. I just paid off my car loan and have no debt. I've been maxing out my rothira and 401k everywhere and was thinking of how to invest that former monthly car payment.
Thanks anon

[Anonymous No.27653713]

>>27645097
In terms of Roth vs Non-Roth, I would recommend going with a Roth account if you're young. I started maxing out my Roth IRA as soon as I could and will be enjoying the tax-free gains for decades to come. Income taxes are at a 50 year low right now, and if you qualify for a Roth IRA you are likely paying a much lower % on your paycheck now than you will be by the time you retire. Best to get your payments to the government done now and not sweat it later.
My company's 401k fund options were also complete dog shit performance even when accounting for their contribution.

[Anonymous No.27654038]

>>27640668
I don't want scary fed people coming after me

[Anonymous No.27654384]

>>27650643
There is no reason to be risk averse when you are so young. As long as you do your research, don't swing, and diversify, you should make it. The DeFi space is going to balloon massively in the coming years.

People go into crypto to avoid wageslaving and to make it, not to slowly chip into their retirement fund so they can be happy at 60.