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Started By
Message
re: Requesting advice on $100k cash
Posted on 10/14/21 at 11:57 pm to 73gt
Posted on 10/14/21 at 11:57 pm to 73gt
quote:yeah, after a freaking rocket run. It's almost go time.
Message
Requesting advice on $100k cash by 73gt
Hex has been laying on my legs for the last couple of weeks. Down 14%. Are you saying you expect it to go up?
0
Posted on 10/15/21 at 5:39 am to Ric Flair
quote:This is a great strategy that most people would never think of.
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 10/15/21 at 8:16 am to RickDorf
With your risk tolerance, the general allocation is 50% stock and 50% bonds. I would suggest vanguard BND and VYM. Both are ETF and will give you some diversity.
Posted on 10/15/21 at 8:18 am to AUCE05
OCGN quick
Posted on 10/15/21 at 8:53 am to Sparetime
quote:
Does this relative have children? If so I would put 25k in CD/MM/or Fidelity Contra in their name.
Why? The relative would have left the money to their children if they'd wanted them to have it.
Posted on 10/15/21 at 9:06 am to Niner
quote:
This is a great strategy that most people would never think of.
LOL this is what I suggested and you started throwing out tax brackets and shite like this democratic utopia is gonna pay for itself.
Posted on 10/15/21 at 9:22 am to UpstairsComputer
quote:I "throw out tax brackets and shite" because it matters. You talked about Roth specifically. The post I responded to simply said max out 401k contributions and supplement the missing income with the $100k.
LOL this is what I suggested and you started throwing out tax brackets and shite like this democratic utopia is gonna pay for itself.
This post was edited on 10/15/21 at 9:26 am
Posted on 10/15/21 at 10:58 am to UltimaParadox
I am not "on track". 
Posted on 10/15/21 at 11:10 am to RickDorf
If you don't need the money in next 5-years:
Vanguard Total Stock Market Index Fund (VTSAX)
Vanguard Total International Stock Index Fund (VTIAX)
Vanguard Total Bond Market Fund (VBTLX)
Per your risk appetite at your age (considering your personal context re: retirement, life's $ demands, etc.), allocate 70% (VTSAX), 15% (VTIAX), and 15% (VBTLX) with bonds perhaps less (as interest rates are so low; potential increase lowers bond prices)
So many 'depends' basis your personal context, but if I were facing your decision, this is my first thought.
Vanguard Total Stock Market Index Fund (VTSAX)
Vanguard Total International Stock Index Fund (VTIAX)
Vanguard Total Bond Market Fund (VBTLX)
Per your risk appetite at your age (considering your personal context re: retirement, life's $ demands, etc.), allocate 70% (VTSAX), 15% (VTIAX), and 15% (VBTLX) with bonds perhaps less (as interest rates are so low; potential increase lowers bond prices)
So many 'depends' basis your personal context, but if I were facing your decision, this is my first thought.
Posted on 10/15/21 at 11:45 am to Twenty 49
[quote]With 100k? What would you buy? A teepee?
[/quote
shows me you are not in RE. micromarkets all over he can buy rentals for less than that.
he can flip with that amount also in some places.
he can do crowdfunding also with that amount.
He can buy REITs with that amount
he can loan to hardmoney lenders with that also.
all of the above have to do with RE.
[/quote
shows me you are not in RE. micromarkets all over he can buy rentals for less than that.
he can flip with that amount also in some places.
he can do crowdfunding also with that amount.
He can buy REITs with that amount
he can loan to hardmoney lenders with that also.
all of the above have to do with RE.
Posted on 10/15/21 at 2:31 pm to AUHighPlainsDrifter
What if he did leave some to his kids and also the OP because he thought so much of him? Wouldn't that be a nice gesture to invest some for the man's kids that left him a nice chunk?
Posted on 10/15/21 at 3:53 pm to RickDorf
50% (conservative number) needs to be in BTC. I’d personally do more. There are also some crypto mining companies that are on traditional exchanges that you can purchase. They follow BTC pretty closely though so not much diversity there. Some retail and institutional $ owns them as opposed to BTC. Just another method of gaining exposure to it without owning BTC itself. I have Marathon and Hut 8.
Posted on 10/15/21 at 4:07 pm to BLM
quote:
50% (conservative number) needs to be in BTC.
quote:You got that right...
not much diversity there
Posted on 10/16/21 at 5:13 pm to RickDorf
quote:
I am not "on track".
Step 1: create a safety fund. I would want at least six months of living expenses.
Step 2: invest 70% in a stock index fund and 30% in a bond fund.
Step 3: increase the amount of money your contribute to your retirement account. You should at the very least be investing what your employer matches, but you need to up that and cut back on other things if you are not on track.
Posted on 10/16/21 at 10:30 pm to RickDorf
100% SLI
I
I
Posted on 10/17/21 at 9:37 am to RickDorf
quote:If you own a home, refinance your home and put the money down. Enjoy the free cash flow every month
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.
Posted on 10/17/21 at 9:48 am to RickDorf
I’m assuming you want to retire in the next 10 years so that is your timeline for growth. Your money can double in 10 years at 7% interest rate (rule of 72). I’d put the $7000 max into a Roth IRA (you have $1000 catch up over 50) this year and next year (January 2022) for $14,000. I recommend Roth because I always assume the government will want to tax you more in 10 years. I’d put half in small cap value and half international now for Roth. I’m also assuming you had to pay some tax on the $100k so you are dealing with more like $70-80k (this could be wrong if it was life insurance). With the $60k or so left over I’d look at Paul Merriman’s four fund portfolio or keep it simple and do a total stock index. You could also think about i bonds with $10,000 now and $10,000 in January 2022 as these are going to 7.1% in November and will hit that number for you to double your money in 10 years. The money you have in stocks outside the Roth is basically an emergency fund as you can sell some if needed. Lots of brokerages will also let you borrow at 2% against the value of your portfolio so I wouldn’t worry about keeping a large amount uninvested.
This post was edited on 10/17/21 at 10:02 am
Posted on 10/17/21 at 10:51 pm to Drizzt
quote:Why would he have to pay tax on a 100k inheritance?
I’m also assuming you had to pay some tax on the $100k so you are dealing with more like $70-80k (this could be wrong if it was life insurance)
Some of the answers here are pretty ridiculous.
Posted on 10/18/21 at 8:00 am to Drizzt
quote:Just a personal opinion here, but I don't think the government is targeting higher tax rates for retirees vs folks working (vastly more taxable income on average).
I recommend Roth because I always assume the government will want to tax you more in 10 years.
This post was edited on 10/18/21 at 8:01 am
Posted on 10/19/21 at 10:39 am to Twenty 49
Nope. You ever hear of buying houses that need work then renovating them to rent? Then you get the home reappraised at a much higher value and turn around and take out that cash and do it again? 100K is a dang good chunk to get started. You can get started with 40K.
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