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/biz/ - Business & Finance


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54997691 No.54997691 [Reply] [Original]

My uncle passed away recently and left me 200K. what would you do if you were in my shoes?

>> No.54997718

>>54997691
>Things that didn't happen for $500, Alex

Anyway, I'd easily stash that away until June 1st. If default, buy precious metals, if no default, buy 4 week Treasury Bills.

>> No.54997737

Invest it in SP500 index and carry on with life as it was.

Your uncle would be disappointed if he could see you asking advice here, but the truth is it’s his fault for never talking to you about money.

>> No.54997756

>>54997737
>Shitty Pee 500
>unironically

Sup, Cramer?

>> No.54997766
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54997766

>>54997691
100k invested into L1 chains probably in a couple months. Aptos (Apt) went down after launch. I think SUI (sui) and Pulsechain (Pls) will do the same. I would split between these 3. hodl till 2025.

>> No.54997827

>>54997718

My uncle inherited it when my grandmother passed away 2 years ago. It's currently in CD's that dont mature until July.

>> No.54997897

>>54997737

OK boomer

>> No.54997920

>>54997718
>if default
By then it’ll be too late to buy in. Almost everything will be out of stock and the price will moon like you’ve never seen on any chart with what’s left.

>> No.54997927

>>54997718
That'll back fire big league.
Stay away from bonds/bills. >>54997691
Metal is OK + learn how to trade/invest.
Arms and games will be asked for in troubled times.

>> No.54997930

>>54997827
So wait until July

>> No.54997953

>>54997691
i've seen post like this and then a couple of months later they say they lost everything
i'd say invest in BTC or SP500 as >>54997737 says while you learn how to manage the money
people that didn't have this amount of money before usually lose it

>> No.54997972
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54997972

>>54997691
>what would you do
I'd get the hell off of /biz/ and talk to a real financial planer.

>> No.54998057

70k gov bonds
70k spyd
60k spy

>> No.54998201

>>54997691
100k in QQQ, at least with that 25% of your portfolio will be Microsoft and Apple. 5k-10k gold, become a whole coiner.
If youre young (<30) and didnt go to school or learn something, use a bit to explore options. I'm not saying go to uni but using that money to help you become skilled at something will pay greater dividends than other inestments if youre still relatively young.

>> No.54998240

>>54997691
index fund

>> No.54998277

>>54997691
>1. Put half in VT
>2. Buy 1 bitcoin
>3. Keep 6 months expenses in an emergency fund in either a HYSA or MMF
>4. Use the rest for a down payment on property

>> No.54998843

>>54997691
my uncle killed himself and owed my dad money
and I'm in debt to loan sharks
I can't even take the easy way out

>> No.55000437
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55000437

>>54997691
I'd set up two Avalanche nodes and live off rewards comfy waiting for the next bull, also I'd still have many cash left so I could do some extra investments or just enjoy the money in a non-consoomer way.

>> No.55000460

>>54997691
great time to get hooked on opiates.

>> No.55000679

>>54997691
Silver, gold, gdx, gdxj, sil, silj, urnm, cameco, oil and natgas. Maybe a little on copx.

>> No.55000900

use it for therapy from the assraping you took as a child from your uncle

>> No.55001047

>>54997691
Id put it into my savings account and get a free 5.15% gain. Thats about 850 dollars per month in interest I would use to supplement my living expenses or let it capitalize in the case that I dont need it (I dont).

But thats what I would do. We both know that you will most likely yolo it all into some shit coin and lose it all in less than 30 days.

>Our system thinks your post is spam.

>> No.55001385

>>54997691
buy 10 btc
buy ore

>> No.55001505
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55001505

>>54997691
Only Invest 5% into crypto even if you want to, Put 10K into UTK

>> No.55001658

>>54997691
Here is some non retard advice:
1. Pay off all high interest debt
2. Any purchase you will make in 5 years or less like a car or house put it in US bonds or high yield savings
3. The rest of the money put in VT or VTI index funds

>> No.55001708

>>54997930
200k will barely be enough to buy an old toyota tercel after the gov epsteins in 2 more weeks and bidenflation shoots through the roof

>> No.55001783

>>55001505
Smart choice, WAGMI

>> No.55001835

Cringe at the fags recommending index funds. The free lunch is over, stop the boglebull

>> No.55001866

>>54997691
50% Chainlink now
50% hodl for if Chainlink goes to $3.00

>> No.55001966
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55001966

>>54997691
Put that $200k into AVAX

>> No.55002433

>>54997691
190k Pepe
10k Hbar
Thank me later

>> No.55002539
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55002539

>>54997691
Farming

>> No.55003223
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55003223

>>54997691
Save at least half of that, which is not small, to invest it in staking AVAX for passive income. You can get up to 15% out of it. Hold that until the bull comes and you'll get triple that in a couple of years.

>> No.55003800

>>54997691
I would fuck my aunt
>>55001966
not a bad move maybe

>> No.55003993
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55003993

Realistically I'd get a down payment in for a cheap house I know I'll be in debt for a while, but hey you own property now and you'll pay like 50% less every month to live there compared to rentoids.

That's 80/100k gone. From there probably use 50K~ to invest in crypto (steady shit like POND and LTC, BTC). The rest (let's say, 50k left) I'd probably use to either buy gov bonds OR a high yield saving account.

>> No.55004019

>>55002539
>farming avax
might as well stake link. id get a few more pennies.

>> No.55004025

>>55003993
Don't be a cuck and use all the remaining money after the house investment in nothing but crypto.

>> No.55004035

>>55000437
>>55003993
Solid answers.
>>54997972
This as well. Get someone that can help you out with your finances. 200k is no small amount no matter what larpers tell you.

>> No.55004138

>>54997691
Unironically buy 200k worth of Bitcoin
>>54997718
If you think a default is even a possibility you're stupid

>> No.55004950

>>54997953
>people that didn't have this amount of money before usually lose it
This. After awhile you realize that 99% of normies had a choice in being rich or poor and they chose to be poor. They may not receive one big break, but they reason a thousand small ones and squander each one.

>> No.55005320
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55005320

>>55002539
Stacking you say?

>> No.55005337

>>54997691
>My uncle passed away recently and left me 200K. what would you do if you were in my shoes?

all into OHM

>> No.55005340

>what would you do if you were in my shoes?
take them off and throw them up on a power line
then take a picture and send you it

>> No.55005363
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55005363

Due to your lack of any supporting information I can only assume you lack any mind for real problem solving. Therefore, this is easily the best financial plan for someone in your situation.

>> No.55005430

>>55005363
/biz/ified
step 1: buy a buttcorn
step 2: try to send without gas
step 3: complain about gas prices in a thread
step 4: send buttcorn to wrong address
step 5: make a 'future of finance' thread about it
step 6: get rugged on a shitcoin shilled in your thread
step 7: tell everyone you were hacked