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Financial/Investment Advice please: best way to invest $65-75k?

 
SeaLass34
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03/01/2021 06:53 PM

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Financial/Investment Advice please: best way to invest $65-75k?
I'm seeking advice/different perspectives to help guide my daughter, who is getting a settlement from a bad car accident she was in a couple years ago. Luckily she seems to understand how quickly money like this can go, and wants to put it away to grow until she is ready to buy a home in 5-10 years.

I would love educated advice on how to split it up, and what kind of accounts/investments would be the best bet for her. Any insight and advice is most appreciated!

* for the record, it is not taxable

hf hf hf hf
When the student is ready, the teacher appears.
SeaLass34  (OP)

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03/01/2021 06:56 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
FWIW, we are in the US.





hf
When the student is ready, the teacher appears.
SeaLass34  (OP)

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03/01/2021 06:58 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
Wow.... thanks for the 1 star, asshole.



dumbass
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03/01/2021 06:59 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
$GME to the moon!
“I’m the wall that progress ran into"
SeaLass34  (OP)

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03/01/2021 07:01 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
$GME to the moon!
 Quoting: Swingline




rockon
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Anonymous Coward
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03/01/2021 07:16 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Anonymous Coward
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03/01/2021 07:18 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
At her age I would go 30% into gold & Silver, 10% in crypto, 30% Rural Plot of Land at least 1/4 acre that can be farmed, and 30% cash
SeaLass34  (OP)

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03/01/2021 07:25 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
At her age I would go 30% into gold & Silver, 10% in crypto, 30% Rural Plot of Land at least 1/4 acre that can be farmed, and 30% cash
 Quoting: Anonymous Coward 27894773



Thank you! Good info to chew on. Appreciate it.


hf
When the student is ready, the teacher appears.
SkinnyChic

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03/01/2021 07:33 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
Physical gold and silver, real estate, mining stocks.
SeaLass34  (OP)

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03/01/2021 07:38 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
Physical gold and silver, real estate, mining stocks.
 Quoting: SkinnyChic



Thank you, lovely. appreciate the input hf
When the student is ready, the teacher appears.
Anonymous Coward
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03/01/2021 07:43 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
I'm seeking advice/different perspectives to help guide my daughter, who is getting a settlement from a bad car accident she was in a couple years ago. Luckily she seems to understand how quickly money like this can go, and wants to put it away to grow until she is ready to buy a home in 5-10 years.

I would love educated advice on how to split it up, and what kind of accounts/investments would be the best bet for her. Any insight and advice is most appreciated!

* for the record, it is not taxable

hf hf hf hf
 Quoting: SeaLass34


you have to understand her level of Risk tolerance and her horizon.
5 years is very different from 10 years.

If you were to invest in an ETF or fund based upon the S&P500 ...historically that will return somewhere close to 10% / year.

Now the problem with this is that most people perceive the Stock Market at a high level, and possibly it will retract, but at a 10 year horizon....that 10% return is probably a reasonably safe bet.

If you are looking at less than five years, right now a lot advisers are suggesting commodities because they had been down, but to me they seem to no longer be cheap.

My personal advice would be to consider an investment Fund or ETF centered around Large Cap stocks that has a history of paying dividends and an ROI of 5+% (DIVIDEND + Growth).
Anonymous Coward
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03/01/2021 07:45 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Sgsi

Amc

Or sun
Anonymous Coward
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03/01/2021 07:46 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Don't follow affiliate links or respond to requests you contact weird ass email addys foreign that people post on your thread here at GLP.

epiclol
Leverlock

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03/01/2021 07:49 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
.

The stock market has the potential to crash. I say real estate. Even if the price of it crashes, you can still live on it and grow food. Guns, ammo, storable food, water filtration, non gmo heirloom seeds are good to have at a reasonably minimal investment. Silver is good to have but don't put all your eggs in that basket, the price has been consistently manipulated. Good luck.

.
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Anonymous Coward
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03/01/2021 07:52 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
ETH - ethereum
SeaLass34  (OP)

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03/01/2021 07:55 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
I'm seeking advice/different perspectives to help guide my daughter, who is getting a settlement from a bad car accident she was in a couple years ago. Luckily she seems to understand how quickly money like this can go, and wants to put it away to grow until she is ready to buy a home in 5-10 years.

I would love educated advice on how to split it up, and what kind of accounts/investments would be the best bet for her. Any insight and advice is most appreciated!

* for the record, it is not taxable

hf hf hf hf
 Quoting: SeaLass34


you have to understand her level of Risk tolerance and her horizon.
5 years is very different from 10 years.

If you were to invest in an ETF or fund based upon the S&P500 ...historically that will return somewhere close to 10% / year.

Now the problem with this is that most people perceive the Stock Market at a high level, and possibly it will retract, but at a 10 year horizon....that 10% return is probably a reasonably safe bet.

If you are looking at less than five years, right now a lot advisers are suggesting commodities because they had been down, but to me they seem to no longer be cheap.

My personal advice would be to consider an investment Fund or ETF centered around Large Cap stocks that has a history of paying dividends and an ROI of 5+% (DIVIDEND + Growth).
 Quoting: Anonymous Coward 79986688



Thank you, tons of good stuff here to dig in to.

Much appreciated!! hf
When the student is ready, the teacher appears.
SeaLass34  (OP)

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03/01/2021 07:55 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
Sgsi

Amc

Or sun
 Quoting: Anonymous Coward 40079962



Thanks, I'll do some digging on these.
When the student is ready, the teacher appears.
SeaLass34  (OP)

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03/01/2021 07:57 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
.

The stock market has the potential to crash. I say real estate. Even if the price of it crashes, you can still live on it and grow food. Guns, ammo, storable food, water filtration, non gmo heirloom seeds are good to have at a reasonably minimal investment. Silver is good to have but don't put all your eggs in that basket, the price has been consistently manipulated. Good luck.

.
 Quoting: Leverlock



Thanks for the input, and I get it: real estate in our area has been a terrific investment for us, and is how many members of our family have built their retirement.

Appreciate the input! hf
When the student is ready, the teacher appears.
Anonymous Coward
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03/01/2021 07:57 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Wow.... thanks for the 1 star, asshole.



dumbass
 Quoting: SeaLass34


You're welcome moran
Anonymous Coward
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03/01/2021 08:01 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
For the next few years, there is no question that SILVER (Physical, not paper - learn the difference) will create generational wealth.

This is a once in a lifetime opportunity to parlay a small sum into a fortune.

GME offered those types of return for a short period of time. Silver will be a little slower to develop, but will have the same type of returns. Listen to all the experts in the precious metals field - they all believe the same thing.

Now is the best time to buy physical silver and start stacking...
blunt man

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03/01/2021 08:02 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Search ETF that outperforms its benchmark consistently, & is diversified across different sectors. Reinvest any dividends/income.

Search on multiple platforms too. Be wary of crypto. Physical metal will preserve value more than it will grow.
blunt man

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03/01/2021 08:07 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
you have to understand her level of Risk tolerance and her horizon.
5 years is very different from 10 years.

If you were to invest in an ETF or fund based upon the S&P500 ...historically that will return somewhere close to 10% / year.

Now the problem with this is that most people perceive the Stock Market at a high level, and possibly it will retract, but at a 10 year horizon....that 10% return is probably a reasonably safe bet.

If you are looking at less than five years, right now a lot advisers are suggesting commodities because they had been down, but to me they seem to no longer be cheap.

My personal advice would be to consider an investment Fund or ETF centered around Large Cap stocks that has a history of paying dividends and an ROI of 5+% (DIVIDEND + Growth).
 Quoting: Anonymous Coward 79986688


This type advice can come with fees because it has value. Follow it!
Anonymous Coward
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03/01/2021 08:32 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Think it through. Open an account at Wells Fargo. Transfer $50,000 to Wellstrade. Invest $25,000 in Verizon. Good dividends. Then invest $25,000 in Apple. Take the money left over and pay off the credit cards.
Anonymous Coward
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03/01/2021 08:37 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Keep $10,000 in checking as an emergency fund.
SeaLass34  (OP)

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03/01/2021 08:38 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
For the next few years, there is no question that SILVER (Physical, not paper - learn the difference) will create generational wealth.

This is a once in a lifetime opportunity to parlay a small sum into a fortune.

GME offered those types of return for a short period of time. Silver will be a little slower to develop, but will have the same type of returns. Listen to all the experts in the precious metals field - they all believe the same thing.

Now is the best time to buy physical silver and start stacking...
 Quoting: Anonymous Coward 78908824


Interesting, will add to the list. Thank you kindly for the advice!

hf
When the student is ready, the teacher appears.
SeaLass34  (OP)

User ID: 78607507
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03/01/2021 08:40 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
you have to understand her level of Risk tolerance and her horizon.
5 years is very different from 10 years.

If you were to invest in an ETF or fund based upon the S&P500 ...historically that will return somewhere close to 10% / year.

Now the problem with this is that most people perceive the Stock Market at a high level, and possibly it will retract, but at a 10 year horizon....that 10% return is probably a reasonably safe bet.

If you are looking at less than five years, right now a lot advisers are suggesting commodities because they had been down, but to me they seem to no longer be cheap.

My personal advice would be to consider an investment Fund or ETF centered around Large Cap stocks that has a history of paying dividends and an ROI of 5+% (DIVIDEND + Growth).
 Quoting: Anonymous Coward 79986688


This type advice can come with fees because it has value. Follow it!
 Quoting: blunt man


Search ETF that outperforms its benchmark consistently, & is diversified across different sectors. Reinvest any dividends/income.

Search on multiple platforms too. Be wary of crypto. Physical metal will preserve value more than it will grow.
 Quoting: blunt man



Appreciate both, Blunt. Will definitely look into!

hf
When the student is ready, the teacher appears.
SeaLass34  (OP)

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03/01/2021 08:42 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
Keep $10,000 in checking as an emergency fund.
 Quoting: Anonymous Coward 72915935


My main concern is although she is a mature 18 year old, she is still 18.... I get the 10k emergency fund, though. Was thinking her Navy Federal Savings or something like that (pays dividends, better return than normal banks) would be better than checking for emergency fund? I have a lot of digging to do. Appreciate the input!
When the student is ready, the teacher appears.
Anonymous Coward
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03/01/2021 08:45 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
Silver
real estate
prep. something big is coming
I know nothing about bit coin
Anonymous Coward
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03/01/2021 08:45 PM
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Re: Financial/Investment Advice please: best way to invest $65-75k?
EXPI... the stock could drop as much as 33-50% if the market takes a shit but over 2-5 years the stock should be a possible 10-bagger... it will certainly double from here.

But don't go invest your eggs all into one basket. I would hold cash for the immediate term because the market at some point should sell off.. then buy something on the dip.
SeaLass34  (OP)

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03/01/2021 08:45 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
Silver
real estate
prep. something big is coming
I know nothing about bit coin
 Quoting: Anonymous Coward 79665640


Thank you. It's scary not knowing what is around the corner in 5-10 years when advising her with this.
When the student is ready, the teacher appears.
SeaLass34  (OP)

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03/01/2021 08:46 PM

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Re: Financial/Investment Advice please: best way to invest $65-75k?
EXPI... the stock could drop as much as 33-50% if the market takes a shit but over 2-5 years the stock should be a possible 10-bagger... it will certainly double from here.

But don't go invest your eggs all into one basket. I would hold cash for the immediate term because the market at some point should sell off.. then buy something on the dip.
 Quoting: Anonymous Coward 79619454


Appreciate the insight! Similar advice I've heard from people elsewhere. Thank you.

hf
When the student is ready, the teacher appears.





GLP