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I have $75,000. What is the smartest thing to do with it? (self.investing)
submitted 1 year ago by wittyguy09
Basically I got $75,000 in my bank account right now. I worked hard over last 5 years to save it up. Now what do I do with it? Any ideas?
[–]dmclone 21 points22 points23 points 1 year ago
Do you have any debt? Do you have an emergency fund?
[–]misnamed 4 points5 points6 points 1 year ago
"I Have $[X] ... What Do I Do With It?!"
[–]wittyguy09[S] 0 points1 point2 points 1 year ago
I don't have any debt. My emergency fund is the $75k so to say.
[–]ribald86 0 points1 point2 points 1 year ago
If you're single, I'd say a 10k emergency fund is enough. If you're married, then add 10k. For each child you have add $5k.
The rest can be invested with. Consider beginning a conservative retirement plan by seeking a financial expert.
Finally, whatever money is left over, you may invest in stocks and bonds.
[–]HomeHeatingTips 7 points8 points9 points 1 year ago
[–]lol____wut 2 points3 points4 points 1 year ago
half on red and half on black
[–][deleted] 1 year ago
[–]lol____wut 1 point2 points3 points 1 year ago
[–]BackToTheFanta 5 points6 points7 points 1 year ago
Liquor and whores, Two chicks at the same time. Vietnamese hookers (in Vietnam), ex\current pornstars, two pornstars at the same time.
[–][deleted] 21 points22 points23 points 1 year ago
$75,000 is a lot of skiing.
[–]spacekane 1 point2 points3 points 1 year ago
fucking saved, well done.
[–]pewpnstuff 10 points11 points12 points 1 year ago
Find the threads about the guy working on a passive monthly income with $50k.
[–]StockJock-e 5 points6 points7 points 1 year ago
Works great when the markets are rallying. Does not work so great when the markets are falling.
[–]whoooooooooooooosh 2 points3 points4 points 1 year ago
Don't they work better when the market isn't rallying? Such as staying relatively steady?
[–][deleted] 2 points3 points4 points 1 year ago
Yes. I don't think People quite understand the concept of covered calls.
[–]StockJock-e 1 point2 points3 points 1 year ago
Flat or up is good because you are long the underlying.
If you buy 100 shares of AAPL at 525 and AAPL drops to 485, then thats probably not good.
[–]whoooooooooooooosh 1 point2 points3 points 1 year ago
If you are long on a stock and selling covered calls, if the market goes down you are better than had you not sold it. If it is rallying your call will more likely get called away, most likely not a good thing if you are long.
[–]StockJock-e 0 points1 point2 points 1 year ago
Im more of a naked put kinda guy when it comes to sucking premiums from bull from the markets.
Covered calls work great until one day the market is down -5% and your premiums are not protecting your long position anymore.
But yes, still better than not having any cushion.
[–]wittyguy09[S] -5 points-4 points-3 points 1 year ago*
Seen that. Not enough. I need more than $500 a month.
[–]NPPraxis 4 points5 points6 points 1 year ago
Too bad. You can't get that much without being risky. Which you're certainly welcome to do, but living on the expectation of it being consistent isn't really viable.
[–]clark_ent 1 point2 points3 points 1 year ago
What amount of risk are you willing to take on?
[–]cuteman -2 points-1 points0 points 1 year ago
Plus it seems risky as shit if the timing is off. (the guy didn't even know there wasn't US trading on Presidents' day)
I agree, $500 a month isn't enough for all that work, hardly passive, not to mention you are risking your entire chunk of capital.
[–]OutsideTradingIn 5 points6 points7 points 1 year ago*
CarlSagan79 wrote the post about how to generate passive income with covered calls and dividends.
throwaway50k is "implementing it, but isn't really doing it by the book, so I wouldn't judge that style of investing off of how he uses it. And he's the one who forgot about President's Day.
[–]cuteman 0 points1 point2 points 1 year ago
I don't know who is downvoting me, but none of that so called "passive" income (despite the 10-15 step process) is risk-free.
And as somebody who has six figures worth of liquid capital I would never risk 50-75k on that method that requires a LOT of timing.
[–]OutsideTradingIn 4 points5 points6 points 1 year ago
I'm not downvoting you. Just correcting you about who forgot about President's Day. I hate it when people are wrong on the internet
I don't care who said it, the comment above mine suggested that was an option and my point was not to take too much stock in somebody who isnt even familar with bank holidays and national holidays in terms of trading.
If you're betting your entire wad on shorts/futures/blahblah/etc. you should know the dates your trades will process, a few hours to a couple of days late and you could be super fucked.
[–]OutsideTradingIn 1 point2 points3 points 1 year ago
But the person who originally suggested the advice is familiar with banking holidays. So it's a moot point.
I'm not saying, "omg, how dare you insult this strategy!" I'm just saying your attack is from the wrong angle.
[–]F-That 2 points3 points4 points 1 year ago
I have been pretty lucky at rolling dice in Vegas. Tell me what weekend you want to go, and let me know. I just need a little spending cash, but you will get a good return on investment. ;)
[–]F-Thatsbiggestfan 0 points1 point2 points 1 year ago
What are you NOT lucky at, F-That? :)
[–]StockJock-e 9 points10 points11 points 1 year ago
The first thing I would do is ask a bunch of complete strangers on the internet for their opinions! :)
[–][deleted] 1 point2 points3 points 1 year ago
me too, actually.
[–]omguard 0 points1 point2 points 1 year ago
[–]pewpnstuff 29 points30 points31 points 1 year ago
Waffles. Tasty waffles with lots of syrup.
[–]BrainSturgeon 6 points7 points8 points 1 year ago
Waffle funds? Don't you mean carrot funds?
[–]eggowaffles 2 points3 points4 points 1 year ago
No! This must stop!
OK Mr. eggocarrots
[–]pewpnstuff 2 points3 points4 points 1 year ago
Ah once again the carrot heavy portfolio pays off for the conservative investor.
[–]wittyguy09[S] 2 points3 points4 points 1 year ago
That's $50 sir.
[–]BattleHamster 22 points23 points24 points 1 year ago
Obviously, you aren't buying enough waffles.
[–][deleted] 4 points5 points6 points 1 year ago
Or syrup, can't forget the syrup.
[–]llocspil 8 points9 points10 points 1 year ago
Buy a futures contract of syrup.
[–]ih8registrations 0 points1 point2 points 1 year ago
The real stuff, maple, not the fake HFC crap. Going for the genuine should ratchet the price up nicely.
[–]monkeyblues 0 points1 point2 points 1 year ago
I cant believe you brought your Biatch to the Waffle Hut?
[–]__circle 0 points1 point2 points 12 months ago
[–]pewpnstuff 0 points1 point2 points 12 months ago
Good god man, this comment is old. What are you doing lurking so far back?
I clicked the "top" posts tab in /r/investing, then saw a thread with a screenshot that included this thread. It looked interesting, so I ran a search on "I have $75,000" and found the thread.
[–]JihadDerp 19 points20 points21 points 1 year ago
Hire a professional financial adviser instead of seeking financial advice from an anonymous online forum.
Give it all to me.
Give most if it to me.
Move number 1 to number 3, move 2 to 1, and 3 to 2.
[–]uncoolusername 6 points7 points8 points 1 year ago
What are your goals? Do you want to retire? How much money do you need?
[–]wittyguy09[S] 10 points11 points12 points 1 year ago*
Yeah, I wish I could retire but I'm 25. I need $2k a month. $75k gives me just 3 years off.
Edit: perhaps I should do that. 3 years off is awesome. thinking...
[–]Sir_Edmund_Bumblebee 8 points9 points10 points 1 year ago
Earning $2k a month off of $75k seems extremely unrealistic to me. You might want to adjust your expectations.
[–]lkahetsdighg 3 points4 points5 points 1 year ago
EDIT: ignore me. Deleted prior comment. I didn't see that per month part. Was assuming per year. oops
[–]anotheraccount96 3 points4 points5 points 1 year ago
I think that is what he was saying... that he would love to retire but can't. I think the original questions are worded poorly thus the strange response. I dont see how you thought he wanted to earn 2k a month.. he never said that.
How much money do you need? - what does this mean?
Do you want to retire? - who doesn't?
[–]Sir_Edmund_Bumblebee 0 points1 point2 points 1 year ago
You're probably right, I was going off of his other comment about a potential idea where he said
I seen that. Not enough. I need more than $500 a month.
I seen that. Not enough. I need more than $500 a month.
Suggesting that he wants an investing idea that provides him with what he "needs" which he then says here is $2000 a month.
[–]wittyguy09[S] 1 point2 points3 points 1 year ago
[–]zenwarrior01 4 points5 points6 points 1 year ago
OMG please do not blow it on a 3 yr vacation. Invest it well and you can have a 50+ yr vacation.
[–]MisterWhoopie 1 point2 points3 points 1 year ago
Everyone in this thread is going to give you some kind of investment advice (this is r/investing after all). But traveling the world for 3 years...that kind of experience you will never get and as you get older and (I assume) have a family and responsibilities, it will definitely not happen until maybe when you are much much older (and can't enjoy it as much). You could do the safe thing and start your nest egg or you can go out and have a once in a life time experience that most people will never have.
Or both...$25k to traverl for a year and $50k to start that nest egg. With that $50k you can invest in some index ETFs and make some passive income getting paid dividends (which can be reinvested and compound divs later on).
[–]TrueAmateur 0 points1 point2 points 1 year ago
Be smart and go to south east asia, live for ten years on that. While there make great heroin connections and do that for 2 more years, retire forever in America.
[–]Scottamus 0 points1 point2 points 1 year ago
That actually might not be a bad idea. However instead of goofing off that time, spend it creating a business that creates a passive income. Start a website, a taco truck, whatever. Invest $25K into your business and live off the rest for 2 years. Hopefully your business will be profitable in 2 years and then the sky's the limit.
[–]rdudejr 1 point2 points3 points 1 year ago
This is a great idea. Invest in yourself, future you will thank you.
[–]c0mputar 2 points3 points4 points 1 year ago*
Put it all into low MER index funds, like Vanguard. Keep contributing to it monthly or so, set it up for automatic transfer or something, retire a decade or 2 sooner. Or if you're savvy like some others in here and want to play the game, consider their investment gambles. At your point in life, putting that money away right now will probably have you end up with at least 500k in 30 years, assuming you don't make another contribution from now til then.
You have an emergency fund and completed a down payment on a mortgage already right? If not, complete both before moving on. As for the amount you should spend a down payment, that really depends on the details and involves weighing the benefits of reduced future mortgage payments with the benefit of having more invested earlier.
[–]speel 2 points3 points4 points 1 year ago
Give it to me I can use it as a down payment for a house, in return you can come over and have a beer with me.
[–]bobbaphet 2 points3 points4 points 1 year ago
The smartest thing to do with it is to not ask random people what to do with it.
[–]misnamed 2 points3 points4 points 1 year ago
It's on the sidebar at /r/personalfinance ... someone could put it up here, too.
[–]peridy 3 points4 points5 points 1 year ago
Well you could invest long term in a stock like IMC. Initial investment of 75000 will spit out close to 4000 a year, but granted that the stock price itself will remain steady. However if you like to invest and be a semi-active trader then you can split up you money in solid stocks like IMB, WES, QQQ and SPY and know to sell when the market is in that "too good to be true" state.
[–]llocspil 3 points4 points5 points 1 year ago
4000/yr is less than $500/mo which he already says is too little.
[–]peridy 1 point2 points3 points 1 year ago
Yeah but getting $24,000 (as an annual income) after tax from just a $75,000 is ridiculous. That's over a 30% return on his initial investment. This type of a return comes from a high risk stock, but he can lose 30% just as quick. What he is asking for is nigh impossible.
[–]randumname 1 point2 points3 points 1 year ago
I've been thinking about a tax exempt investment for income like IMC, do you know of any place to search for these (tax exempt, specifically)?
[–]peridy 0 points1 point2 points 1 year ago
Not really, you might have to do some google sleuthing. However you will need to have invested $480,000 dollars in a 5% yielding stock to receive your desired 2k a month. I suggest to invest your money so you are getting a compound interest while you are still working. I suggest you take you 75k and invest it wisely and take a portion of your salary and slowly beef up your shares so you receive more and more every year until you have a million (after about 20 years of investing) spitting out a cool $50,000 a year. I suggest you start thinking about what kind of account you want so here's a video on the difference between a Trad. IRA and ROTH IRA.
[–]Artie_Fufkins_Fapkin 9 points10 points11 points 1 year ago
I'd blow half on a slightly used BMW and put the other half into AAPl right now.
Save about a grand for a Boston Terrier.
[–]danny_ -1 points0 points1 point 1 year ago
'Buy high, Sell low!', is what this summer's Apple investors will be rejoicing.
They've been saying this for YEARS
[–]Bombauer 1 point2 points3 points 1 year ago
You will be quoted this summer! Stay tuned!
[–]Lereas 2 points3 points4 points 1 year ago
My mind is always blown when I see THIS, a table that shows what you'd have if, instead of buying an apple product, you bought the equivalent price in APPL at that time.
As an example, my wife had to buy a powerbook g4 for college. 3,000 dollars in november of 2002. If you had bought stock, it would be worth 94,334 at the time of the creation of that table, and probably more at this point.
If I could see 10 years in the future, I could do a lot better than turning $3k into $94k.
Invest in my college education fund :)
The question, I suppose, is what to invest in. That all depends on your risk profile, your personal lifestyle, your philosophy, and your end goal. Instead of asking what is the smartest thing to do with it, first answer the question: what do you want out of life? Then figure out how to use the money to get to that end.
[–]nchrist4 1 point2 points3 points 1 year ago
75k on black
[–]Rejexted 1 point2 points3 points 1 year ago
twenty five with 75k? howw?
[–]CldntThnkOfAGdUsrnm 1 point2 points3 points 1 year ago
Buy me reddit gold. I want to know what it's all about.
[–]MispeldArgumint 1 point2 points3 points 1 year ago
[–]eliteblast 1 point2 points3 points 1 year ago
[–]ValeriuV 1 point2 points3 points 1 year ago
At today's interest rates, saving it will lose you money. If you're thinking of investing, consider investing in small caps, as they have potential for higher, although risky returns.
[–]Cutenessoverloadd 1 point2 points3 points 1 year ago*
Background: Investment Manager and Retirement Consultant
Just some general tips for investing your cash.
What you really want to do is maximize your return at your current age.
Use the old rule of 100, you take your age and subtract it from 100 that how much you should be in stocks and how much in bonds
When building a portfolio you want to maintain probably 80% in Blue chips and 20% in fliers and when investing in blue chip you make sure to invest in industry that doesn't correlate with each other. the 20% remaining in flier you can invest in more risky stocks that can be big hit or misses but through the performance and diversification in the other 80% you can make up for or supplement the 20% fliers.
For bonds i would invest in a simple bond fund in US treasuries or agencies. Look for one that only has a small management fee and jump in that.
Re-adjust your holding /add capital on a quarterly basis but when investing you want to take some profits at the top go into bonds then when stocks are depressed you buy back in.
Don't over trade your portfolio and let winners fly. They win for a reason and taking profits early will hurt you in the long run. Be worried when a stock starts ranging but don't get trigger happy. When you have a losing stock don't be afraid to sell it.
Rising Stocks do it for a reason and losing stocks do it for another. "Cheap" stocks are heralded but in the end they are cheap for a reason.
MOST IMPORTANT FACT: Investing is not a get rich scheme, most of the advice on this forum will point you in that direction either in highly leveraged currency/commodity/options/future trades. You hear only the blow out deals but you never hear about their big losses and when you are over leveraged your beta is through the roof and a small move will kill you.
Would you rather have a decent nest egg and enough money to retire at 55 or .... make a few huge bets and lose your nest egg? Capital preservation should always be your #1 goal and growth #2. Just remember with a modest return of 8% you will double your money
T= Ln(2)/(Ln(1+.08)= 9.006 years to double your money.
If you ignore continuing contributions and only start at 50,000
in 45 years you will have 1.6 million dollars at retirement and if you invested let say 10,000 a year on top of that it will grow exponentially.
[–]gunch 4 points5 points6 points 1 year ago
Options I would consider.
a) Go to a casino and put it all on black.
b) Dump it into CD's/treasuries of staggered maturities and BTMFD, a grand at a time on, on some low fee index fund.
c) Download thinkorswim, develop and test a strategy that you can live with and try your hand at options/fx trading. Don't trade fx though. That's just insane.
[–]vonofthedead 2 points3 points4 points 1 year ago
[–]oonon 1 point2 points3 points 1 year ago
Take 40k of that and buy USD relative to EUR at 1.325 asap and buy back at 1.265 or lower in about 14 days. You could double your investment.
[–]BarronVonSnooples 1 point2 points3 points 1 year ago
Source? I've got some scratch I could throw at a strategy like this.
[–]MisterWhoopie 0 points1 point2 points 1 year ago
He is talking about trading forex where you get 100:1 leverage. He could be right and you make a ton or he could be wrong and you lose a ton.
i know he's talking about forex, but i was hoping to see some validation of his specific claim
[–]sergg1228 -2 points-1 points0 points 1 year ago
invest in real esate, buy yourself homes in areas you know you can rent people to. you can probably buy each home for a good down payment, have people pay the mortgage and sell the houses at a higher price. you will make a safe 120,000 but itll take a little while, but at least its safe.
[–]epalla 10 points11 points12 points 1 year ago
Buying homes as managed rentals is regarded as "safe" now?
[–]sergg1228 1 point2 points3 points 1 year ago
with every investment their is some type of risk, i think this one is lower in risk, and OP in my opinion, can buy a home all at once or even buy two homes and have people pay the mortgage in 3 yrs.
[–][deleted] 0 points1 point2 points 1 year ago
Buy land. They aren't making any more of it.
[–]epalla 6 points7 points8 points 1 year ago
scarcity ≠ demand
It is implied that the world population is increasing.
Increasing demand, constant supply = scarcity.
[–]epalla 2 points3 points4 points 1 year ago
I suppose in the grand scale of universal time that you're working in land will be a pretty good investment. Of course, by the time demand catches up to his central Mexican desert purchase we may be talking about land on the moon, mars, etc.
[–]elus 0 points1 point2 points 1 year ago
[–]clark_ent 0 points1 point2 points 1 year ago*
I think so. Even if you rent to someone at a monthly loss, someone is still paying the bulk of your mortgage.
Realestate is the one commodity there will never be more of, and it will only increase in demand for the rest of the future of the world (unless bird flu manages to cross into the human population and 60% of the world dies)
notes: for it to be "safe", you'd need to be cautious of where you buy. Also, you shouldn't unless you can afford to pay the mortgage even when there isn't a tenant
[–]rainman_104 0 points1 point2 points 1 year ago
Even better, buy into a REIT. Not an mREIT, but a real one that has apartment properties or commercial real estate. Nice yields, less risk because it's pooled.
[–]cuteman 4 points5 points6 points 1 year ago
Homes are depreciating buddy, good luck with any flip scheme
okay, so consider buying equities back at the end of 2008? it was depreciating; or so you can say... how much money do you think you could have lost out on someone saying "ohhh its so low dont buy, it'll keep going down." You really think the housing market is not ready for a turn around in the next two years? the demand for homes will go up.
[–]cuteman -6 points-5 points-4 points 1 year ago
unemployment keeps going up, existing home inventory keeps going up, there is an unknown number of shadow inventory that numbers in the millions of units (non payment but not yet foreclosed, so called strategic defaults), record low new home build starts.
All of these items point to another 12-24 months at LEAST of depreciation.
If you would have purchased a house in 2008, congrats, on average you'd be 28% underwater from your original loan!
[–]sergg1228 2 points3 points4 points 1 year ago
what are you talking about jobless claims are down and so is unemployment. are you in america? or are you just stupid? and you are also implying i was talking about getting a loan in 2008, i was using the equities market as a comparison for your original argument.
You mean the data that the government has ever incentive to manipulate to appear prettier than it actually is????
The numbers are completely and totally fudged to keep confidence up but more and more people continue to fall off the radar either in underemployed, unemployeed and not looking for a job or retireees/home makers:
okay... i will no longer argue with tyler durden.
[–]cuteman -5 points-4 points-3 points 1 year ago
go ahead and believe the company line if you want, there is every reason to doubt the official statements and data to back it up.
[–]big99bird 0 points1 point2 points 1 year ago
In the short run. In the long run you'll do fine. Worse case scenario you have an asset that's paid off and a tenant giving you a steady income.
[–]cuteman -1 points0 points1 point 1 year ago
Worse case scenario you have an asset that's paid off and a tenant giving you a steady income.
Worse case scenario you have an asset that's paid off and a tenant giving you a steady income.
Based on what? the last 2 decades of everybody becoming amateur landlords and buying 2-3 houses to rent out? Previous examples don't necessarily mean future reality.
75k is a downpayment not an outright purchase depending on area. You'd have to get a loan at least 50% in some markets, closer to 100-300% in major metro areas. 225,000 loan for home value of 300k total.
Say it goes down to 200k in the next 18 months, youve lost your original 75k and another 25k in equity. FUck that noise, that's whats happened since 2008.
[–]nopaynenogain 0 points1 point2 points 1 year ago
DEPENDING on the area, this could be a fairly safe bet... I like the idea
[–]rainman_104 -1 points0 points1 point 1 year ago
The thing is we all know the market we live in the best. Stick to what you know. Only you know the desirable areas, the up and comings, and the shtiholes to stay away from.
[–]ronpaulkid 0 points1 point2 points 1 year ago
Natural Gas. Way more upside potential. We may not see it this year, but natural gas is kinda in the gutter right now. It's (IMO) in the same pattern that oil was back in 2001 at $11/bbl... $2.63 for Henry Hub is stupidly cheap.
Producers are pulling back on CAPEX and slowing output. The price will rise. Buy a big producer who'll weather this storm like Encana.
[–]perimeterdeactivated 1 point2 points3 points 1 year ago
Natural gas will remain in the gutter as long as shale gas is still legal. North America is completely awash in gas.
CAPEX is way down in Natural Gas companies right now. Best thing you can do is buy into a company that produces both, so you get the benefits of an oil run while you wait for natural gas to take off.
Remember not but five years ago Nat Gas was $9. It's now $2.65.
I have been interested in natural gas too. Do you know what kind of demand natural gas has? Every car, truck, plane, etc needs some kind of oil, but I can't think of any natural gas uses other than heating and probably some electrical plants. Is there growth in its use or some industry revolutionizing breakthrough that will demand lots of NG?
[–]zak_on_reddit 0 points1 point2 points 1 year ago
Give it to me.
[–]I_ALWAYS_DOWNVOTE 0 points1 point2 points 1 year ago
[–]GoldProfessional 0 points1 point2 points 1 year ago
PRESERVE IT WITH PHYSICAL PRECIOUS METAL! The fiat system will fail. It will be essential to have real money in future. It may sound extreme, but if your head isn't in the sand, and you recognize the ongoing devaluation of currency, this is a very rational thing to consider.
[–]butthurtinvestor -2 points-1 points0 points 1 year ago
Hello friend. I would invest in POT for now. I am a shareholder myself. I don't smoke the stuff, but I heard it is legal in Canada where the company is based.
[–]wittyguy09[S] 5 points6 points7 points 1 year ago
This investment is high risk. There are a lot of POT smokers and the company may run out of the product, which may make it go out of business.
[–]rainman_104 1 point2 points3 points 1 year ago
You do know the GP meant Potash, right? http://www.google.ca/finance?q=TSE%3APOT
[–]butthurtinvestor 0 points1 point2 points 1 year ago
I've been reading articles suggesting that upcoming population growth and the limited supply of the stuff will drive prices up. Besides, it's almost growing season, so a little short term growth might be in order.
NYSE:POT is actually pretty interesting.
[–]butthurtinvestor 1 point2 points3 points 1 year ago
Indeed it is, indeed it is. Smoke up.
I work with a guy who's pretty heavily invested in Potash. For those who don't know, it's kinda used in fertilizer and agricultural needs in the long run will need more and more of it.
[–]catjuggler 0 points1 point2 points 1 year ago
Save save save.
Economic winter is coming.
Maybe invest in a bit of gold and silver as a hedge.
In a couple of years once housing hits bottom maybe invest in a house, but thats a long ways off.
I am in a similar situation, stocks, 401k, IRAs are all starting to go wonky with an increasing indexes/funds going upsidedown.
Almost every investment seems risky lately unless you're warren buffet or the other magnates with insider info.
[–]AngryMogambo 0 points1 point2 points 1 year ago*
Buy GE or PetroBrasil stable companies with dividend so get a steady income with minimum risk.
[–]zenwarrior01 -1 points0 points1 point 1 year ago
Are you paying rent and without a home of your own? If so, use a portion of it as a down payment on a small home/condo instead of throwing away money on rent.
Assuming you have $35k left and are up for higher risk/reward potential, put $10k in GOOG Jan 2014 700 Calls/LEAPS, $10k into AAPL Jan 2013 500 Calls/LEAPS, and $15k into a decent mutual fund or ETF. If you want to be more conservative, put it all in funds/ETF's.
Alternative: start your own business IF you have the mindset for such.
[–]ProbeRusher -1 points0 points1 point 1 year ago
Yo TC have you ever thought of the idea that a hacker can see that you have 75,000 in you bank account and track down your IP through Reddit and then put a keylogger on your computer and then take the 75k all because your flashing your money over reddit which is a unsecured site.
[–]percymate -10 points-9 points-8 points 1 year ago
You should look into investing in Bitcoins. They can have a huge ROI over time. In a few months the market is going to be due for an upswing.
A fiat currency with no central bank, and decentralized regulation (if any).
[–]percymate 0 points1 point2 points 1 year ago
It's actually a pretty ingenious idea.
Take a moment to look into the technology making Bitcoin possible. It will amaze you.
[–]skrelnik -4 points-3 points-2 points 1 year ago
As compared to a fiat currency with a corrupt central bank?
Seeing as the people that run that corrupt central bank use the currency that the corrupt central bank regulates, it is in their best interest to make sure that currency has value.
So yes, I am much happier using a fiat currency from a corrupt central bank than a fiat currency with no regulation at all
[–]skrelnik -2 points-1 points0 points 1 year ago
Unless they're ruining the value to pad their wallets with the knowledge that they can turn it around later. If I were crooked, I'd have bought gold at $300/ounce in 2000, drag the dollar into the crapper, and sell it at around $1700/ounce. Then I could help turn around the dollar if I were more than a short-term crook. If not, oh well.
I would assume that most of the people that work at the Fed have mortgages or some type of loan, so devaluing the currency (even for a short time) is not beneficial.
[–]punpunpun 1 point2 points3 points 1 year ago
technically it would be beneficial...
Ah true. If they were lending money, then devaluing would not be beneficial.
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all it takes is a username and password
is it really that easy? only one way to find out...
already have an account and just want to login?
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