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Started By
Message
re: Requesting advice on $100k cash
Posted on 10/14/21 at 2:03 pm to 73gt
Posted on 10/14/21 at 2:03 pm to 73gt
quote:
Hex has been laying on my legs for the last couple of weeks. Down 14%. Are you saying you expect it to go up?
based on the charts i have seen, yes expecting it to atleast be close to 0.9 by year end.
but i was more messing with gauche
but pulse i expect to minimum 50x in a year and that is the lowest of the low projections. all block chains do that easy. I mean fricking TRON got over 20 cents. if fricking tron can any block chain can.
0
Posted on 10/14/21 at 2:03 pm to el Gaucho
quote:
Gotta do 1000 year stake and sacrifice more to Richard bro
frick that. just buy at launch and let it be for 3 years.
Posted on 10/14/21 at 2:11 pm to RickDorf
Keep $10-15,000 in a money market if you need some cash in the near distant future. The rest, put in a total stock market fund.
However, if you don't need any cash in the foreseeable future, then place 100% of it in a total stock market index fund.
ETA: Set your dividends and capital gains to an automatic reinvestment setting and just let it do its work.
However, if you don't need any cash in the foreseeable future, then place 100% of it in a total stock market index fund.
ETA: Set your dividends and capital gains to an automatic reinvestment setting and just let it do its work.
This post was edited on 10/14/21 at 2:15 pm
Posted on 10/14/21 at 2:24 pm to bayoubengals88
quote:I look forward to an actual critique of this suggestion.
$500 - Gamecoin
15,000 - SLI
10,000 - RDW
24,500 - QQQ
25,000 - VTI
25,000 - cash
Posted on 10/14/21 at 2:27 pm to RickDorf
Disappointing no one asked any questions at all... Married? Kids? 401k? Adequate emergency funds?
I'd push all I could towards Roth IRA's. $7,000/yr. + Roth 401k if you have it available. Move it from taxable position to non-taxable. You still have access to principal if you found yourself in a bind.
I'd push all I could towards Roth IRA's. $7,000/yr. + Roth 401k if you have it available. Move it from taxable position to non-taxable. You still have access to principal if you found yourself in a bind.
Posted on 10/14/21 at 2:36 pm to RickDorf
40K SLI (limit order set at $9.51)
10K RDW
10K SSIT (if you can find a way to invest in it, i haven't yet through fidelity. It's Seraphim space investment fund, listed on the LSE)
5K NVVE
5K ORGN
5K ASTS
5K HUMA
5k bitcoin/crypto ETF once approved by SEC
5k vacation/travel
10K RDW
10K SSIT (if you can find a way to invest in it, i haven't yet through fidelity. It's Seraphim space investment fund, listed on the LSE)
5K NVVE
5K ORGN
5K ASTS
5K HUMA
5k bitcoin/crypto ETF once approved by SEC
5k vacation/travel
This post was edited on 10/14/21 at 2:37 pm
Posted on 10/14/21 at 2:52 pm to RickDorf
SE $30k
APPS $15k
CRWD $10k
NET $10k
NVDA $10k
COST $10k
SLI $10k
MSFT $5k
APPS $15k
CRWD $10k
NET $10k
NVDA $10k
COST $10k
SLI $10k
MSFT $5k
Posted on 10/14/21 at 2:53 pm to UpstairsComputer
quote:He never said what tax bracket he's in, though. I would never recommend one of my clients in a 24%+ tax bracket put their money in a Roth...Take the tax deduction and pay less in retirement.
I'd push all I could towards Roth IRA's. $7,000/yr. + Roth 401k if you have it available.
Posted on 10/14/21 at 2:56 pm to Niner
quote:
I would never recommend one of my clients in a 24%+ tax bracket put their money in a Roth
What? Dude it's not that simple. Take my case for example, i left my job earlier this year and was able to convert the Roth portion of my former employer sponsored 401K into my Roth IRA.
Posted on 10/14/21 at 3:06 pm to GeneralLee
quote:OK...I'm not sure I understand your point. That's not contributing to a Roth. You already had Roth assets. You rolled it over - you did not convert it...unless you did a Roth conversion...but that's not what you typed.
What? Dude it's not that simple. Take my case for example, i left my job earlier this year and was able to convert the Roth portion of my former employer sponsored 401K into my Roth IRA.
I'm talking about someone who is paying at least 24% in Federal income tax making Roth 401k or Roth IRA contributions instead of deductible 401k or deductible IRA contributions. Odds are incredibly high they will be in a lower bracket in retirement when they will eventually pay tax on that money.
Posted on 10/14/21 at 3:11 pm to Niner
Yeah sorry a Roth conversion was what I did. I just don't think the total calculus is as simple as ">24 tax rate%, traditional, <24% Roth" Roth IRA's have other benefits like not being subject to required minimum distributions that Traditional IRA's are subject to. That's a massive value to consider and one of several strong arguments to continue to contribute to Roth IRA's even when in a very high tax bracket.
Not to mention that if you contribute to a traditional IRA and actually invest those $ in it, you lose your ability to do a backdoor Roth IRA contribution cleanly as taxable gains in the traditional IRA make doing a backdoor Roth contribution very messy.
Not to mention that if you contribute to a traditional IRA and actually invest those $ in it, you lose your ability to do a backdoor Roth IRA contribution cleanly as taxable gains in the traditional IRA make doing a backdoor Roth contribution very messy.
This post was edited on 10/14/21 at 3:12 pm
Posted on 10/14/21 at 3:18 pm to RickDorf
quote:
What would you do with it? How would you invest it? or would you just keep the cash and hold onto it for a rainy day.
Everyone is different stages so this really wont help you?
Do you expect this money to be saved for retirement? Or are you already on track? That makes a huge difference
Posted on 10/14/21 at 3:19 pm to GeneralLee
quote:OK that makes more sense.
Yeah sorry a Roth conversion was what I did. I just don't think the total calculus is as simple as ">24 tax rate%, traditional, <24% Roth" Roth IRA's have other benefits like not being subject to required minimum distributions that Traditional IRA's are subject to. That's a massive value to consider and one of several strong arguments to continue to contribute to Roth IRA's even when in a very high tax bracket.
Not to mention that if you contribute to a traditional IRA and actually invest those $ in it, you lose your ability to do a backdoor Roth IRA contribution cleanly as taxable gains in the traditional IRA make doing a backdoor Roth contribution very messy.
Certainly valid points. I use 24% mostly arbitrarily. Ultimately it comes down to the individual and their retirement projection, but very rarely do I finish a retirement projection and it makes sense financially for someone around the 24% bracket to contribute to a Roth or do a Roth conversion.
No RMDs for sure, but if they are going to be living off these assets, most people are withdrawing more than the RMD amount anyways at the beginning.
And yes - you do lose the ability to do a "clean" back-door Roth - but some folks might still be able to do the mega back door Roth strategy.
Ultimately, if your saving consistently and your invested appropriately (taking the right amount of risk), you're most likely going to be fine. These topics are getting into the nittier and grittier fine tuning.
Posted on 10/14/21 at 3:21 pm to RickDorf
Does this relative have children? If so I would put 25k in CD/MM/or Fidelity Contra in their name.
Put the rest in SLI
Put the rest in SLI
Posted on 10/14/21 at 3:26 pm to RickDorf
I would invest in real estate all the way.
Posted on 10/14/21 at 6:08 pm to RickDorf
HKRS
YAYO
YAYO
Posted on 10/14/21 at 6:10 pm to DJNOS1978
quote:
I would invest in real estate all the way.
R E A L E S T A T E
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Posted on 10/14/21 at 7:54 pm to lsu777
Hell yes!!!!
Posted on 10/14/21 at 9:37 pm to RickDorf
Are you maxing out your 401k? Still owe money on the house? Interest rate on house loan if that’s the case?
If only contributing 5k to 401k a year, consider maxing out 401k (19.5k/year + 6.5k/year catchup since you are over 50 yo over the next six years), total of 26k/year), and using the 100k to make up the difference in your budget.
If only contributing 5k to 401k a year, consider maxing out 401k (19.5k/year + 6.5k/year catchup since you are over 50 yo over the next six years), total of 26k/year), and using the 100k to make up the difference in your budget.
Posted on 10/14/21 at 10:32 pm to DJNOS1978
quote:
I would invest in real estate all the way.
With 100k? What would you buy? A teepee?
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