Financial/Investment Advice please: best way to invest $65-75k? | |
SeaLass34
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SeaLass34
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Swingline
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SeaLass34
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SeaLass34
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SkinnyChic
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SeaLass34
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Anonymous Coward User ID: 79986688 United States 03/01/2021 07:43 PM Report Abusive Post Report Copyright Violation | 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. Quoting: SeaLass34 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 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). |
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Leverlock
User ID: 79207923 United States 03/01/2021 07:49 PM Report Abusive Post Report Copyright Violation | . 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. . Nothing in this life that I've been trying can equal or surpass the art of dying. |
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SeaLass34
(OP) User ID: 78607507 United States 03/01/2021 07:55 PM Report Abusive Post Report Copyright Violation | 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. Quoting: SeaLass34 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 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). Thank you, tons of good stuff here to dig in to. Much appreciated!! When the student is ready, the teacher appears. |
SeaLass34
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SeaLass34
(OP) User ID: 78607507 United States 03/01/2021 07:57 PM Report Abusive Post Report Copyright Violation | . Quoting: Leverlock 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. . 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! When the student is ready, the teacher appears. |
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Anonymous Coward User ID: 78908824 United States 03/01/2021 08:01 PM Report Abusive Post Report Copyright Violation | 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
User ID: 76562719 Australia 03/01/2021 08:02 PM Report Abusive Post Report Copyright Violation | Search on multiple platforms too. Be wary of crypto. Physical metal will preserve value more than it will grow. |
blunt man
User ID: 76562719 Australia 03/01/2021 08:07 PM Report Abusive Post Report Copyright Violation | you have to understand her level of Risk tolerance and her horizon. Quoting: Anonymous Coward 79986688 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). This type advice can come with fees because it has value. Follow it! |
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SeaLass34
(OP) User ID: 78607507 United States 03/01/2021 08:38 PM Report Abusive Post Report Copyright Violation | For the next few years, there is no question that SILVER (Physical, not paper - learn the difference) will create generational wealth. Quoting: Anonymous Coward 78908824 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... Interesting, will add to the list. Thank you kindly for the advice! When the student is ready, the teacher appears. |
SeaLass34
(OP) User ID: 78607507 United States 03/01/2021 08:40 PM Report Abusive Post Report Copyright Violation | you have to understand her level of Risk tolerance and her horizon. Quoting: Anonymous Coward 79986688 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). This type advice can come with fees because it has value. Follow it! Search ETF that outperforms its benchmark consistently, & is diversified across different sectors. Reinvest any dividends/income. Quoting: blunt man Search on multiple platforms too. Be wary of crypto. Physical metal will preserve value more than it will grow. Appreciate both, Blunt. Will definitely look into! When the student is ready, the teacher appears. |
SeaLass34
(OP) User ID: 78607507 United States 03/01/2021 08:42 PM Report Abusive Post Report Copyright Violation | 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. |
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Anonymous Coward User ID: 79619454 United States 03/01/2021 08:45 PM Report Abusive Post Report Copyright Violation | 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
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SeaLass34
(OP) User ID: 78607507 United States 03/01/2021 08:46 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 79619454 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. Appreciate the insight! Similar advice I've heard from people elsewhere. Thank you. When the student is ready, the teacher appears. |