Unexpected inheritance and nice commission on a commercial property. Would appreciate advice.
Sitting on $600k in cash. Where would you put it?
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Last: 2 yr ago by Adverse Event
Open an account with Schwab and put it SWVXX and earn 5.2% until the market improves.
If you're opening a Schwab account...
$300k to SWPPX
$100k to QQQM
$100k to SWVXX
$100k in cash in case the market keeps dumping and you can buy some more cheaper.
$300k to SWPPX
$100k to QQQM
$100k to SWVXX
$100k in cash in case the market keeps dumping and you can buy some more cheaper.
When this page is full of all the suggestions you're going to get, print it. If there's a worse place for investing recs than TexAgs I haven't found it. The right answer will be in the thread but you'll have trouble figuring it out BC there is no right answer. But you could not do wrong by dumping all you want into VOO, especially if you're under 50 and will leave it alone. FWIW I'm 76 and 100% in equities and have been for 20+ years.
OldArmyCT said:
When this page is full of all the suggestions you're going to get, print it. If there's a worse place for investing recs than TexAgs I haven't found it. The right answer will be in the thread but you'll have trouble figuring it out BC there is no right answer. But you could not do wrong by dumping all you want into VOO, especially if you're under 50 and will leave it alone. FWIW I'm 76 and 100% in equities and have been for 20+ years.
My friend - you've clearly never wandered over to reddits's Wallstreet Bets page. They pride themselves over how much they can lose over there with insanely bad bets.
There's really not enough info provided to make a recommendation. Will you need this money (or any part of it) in the short-term? What is your investing horizon? What do your existing investments look like? Would need to know at least those items before weighing in. Unless, of course, you're looking for some "to the moon" or random penny stock option, in which case I'm sure someone here will be glad to provide you with some recommendations.
AgAE said:
Open an account with Schwab and put it SWVXX and earn 5.2% until the market improves.
If you believe the market is going to improve why not dollar cost average into it and buy while it is "on sale" rather than waiting until it improves.
Reload8098 said:
Unexpected inheritance and nice commission on a commercial property. Would appreciate advice.
There's probably a whole hell of a lot more you could tell us about yourself if you were really looking for help instead of some hot tips.
Good point. Would like income off of it for now. I plan to build our house myself next year on some land we own in Bulverde and will put half of it with other cash accumulated by that time to pay cash for a house. I say that yet I start a new consulting gig today and they've already asked if I'd consider becoming a part of their management team which would mean a move to GA. So for now, income is the main goal.Ag06Law said:
There's really not enough info provided to make a recommendation. Will you need this money (or any part of it) in the short-term? What is your investing horizon? What do your existing investments look like? Would need to know at least those items before weighing in. Unless, of course, you're looking for some "to the moon" or random penny stock option, in which case I'm sure someone here will be glad to provide you with some recommendations.
My checking account number is...
Makes more sense to invest when the market is down versus when it goes back up!AgAE said:
Open an account with Schwab and put it SWVXX and earn 5.2% until the market improves.
From a mental view I get DCA as an approach with lump sums. If your initial DCA goes down you are mentally more happy to invest the 2nd portion, etc. If your initial DCA goes up, you shake your head and ignore it.
From a technical standpoint, I don't get it at all. It's akin to trying to time the market in saying a DCA is better than just throwing it all in at once.
Now, in times of high volatility I see the DCA argument making more sense, so maybe in these WW3ish times that makes sense. But in 5, 10, 20, 30 years a year long DCA now could just as easily lose you some money in the end rather than gain it.
From a technical standpoint, I don't get it at all. It's akin to trying to time the market in saying a DCA is better than just throwing it all in at once.
Now, in times of high volatility I see the DCA argument making more sense, so maybe in these WW3ish times that makes sense. But in 5, 10, 20, 30 years a year long DCA now could just as easily lose you some money in the end rather than gain it.
100% into $WWR about a week ago
Sounds like you're in your late 40s. Just some hypothetical questions: How much hassle do you want? How much loss can you stomach? How much money do you want/need on your immediate horizon? How interested are you in outperforming the market in the short term? Long term? Is this 600k a foundational part of your wealth or just another feather in your low millions net worth right now?
I mean, my take would be to put 75k on the table to reward yourself with, 75k in stable investing, and then plow the rest of it back into standard stock investments. That way if you lose it all you'll at least have the toy/renovation/retirement padding to hang your hat on.
I mean, my take would be to put 75k on the table to reward yourself with, 75k in stable investing, and then plow the rest of it back into standard stock investments. That way if you lose it all you'll at least have the toy/renovation/retirement padding to hang your hat on.
I would invest half of it in low-risk mutual funds and then take the other half of it to my friend Asadulah, who works in securities...
Almost the exact same situation ($ amount) and I'm in my late-30's. I've been DCA'ing over the past 3 months into VTI ($50k per week). If S&P drops below 4,100 I'm just going to put the remainder in as a lump sum. Not recommending anything, just what I'm doing.
I wish I was close to 40!! LOL Full disclosure. In 2000 I had a liquid networth of about $2M. I made most of it by investing $350k of Exxon stock my grandmother willed me and playing in the market during the mid-late 90's runup. I built up a wholesale/retail distributorship (oil company) from the ground up. I took on a partner when I purchased another distributorship. My partner embezzled a little over $3M when I went back to Texas for 7 weeks after my dad had a severe heart attack. He left the country and me "holding the bag." I lost EVERYTHING, went through personal bankruptcy, corporate bankruptcy, yada, yada, yada. Very dark days, but I made it through that river of sh*t. The only thing they didn't get was my Exxon pension.
I was fortunate enought to get to know my Aggie bride while I was going through that drama. We've been married for 17 years. We have a decent net worth. I'm making more $ now than I ever have, consulting and selling commercial real estate (convenience stores). The broker I work with is retiring next year. We have formed a great relationship and he wants me to take over his brokerage. Between consulting and real estate, the next few years look to be very good for us. I'm mid 60s, in very good health and plan to keep working for another 7-10 or maybe longer if I continue to like real estate. I'm not one to sit around. My wife is 20 years younger (reload80(me)98(her). We have a 6 year old son (surprise!! - miracle baby), so real estate allows me to spend a lot of time with my family, travel etc. I am very blessed.
That's as open as I'll ever be on here ever again. LOL
I was fortunate enought to get to know my Aggie bride while I was going through that drama. We've been married for 17 years. We have a decent net worth. I'm making more $ now than I ever have, consulting and selling commercial real estate (convenience stores). The broker I work with is retiring next year. We have formed a great relationship and he wants me to take over his brokerage. Between consulting and real estate, the next few years look to be very good for us. I'm mid 60s, in very good health and plan to keep working for another 7-10 or maybe longer if I continue to like real estate. I'm not one to sit around. My wife is 20 years younger (reload80(me)98(her). We have a 6 year old son (surprise!! - miracle baby), so real estate allows me to spend a lot of time with my family, travel etc. I am very blessed.
That's as open as I'll ever be on here ever again. LOL
You have a 6 year old son. Do you have a boat or an RV or something like that? If not then get one and make some memories with that kid fishing and being outdoors for as much as you can while you're healthy. Seriously.
Blackrocks BItcoin Trust now has a ticker(IBTC) so I'd put it all in BTC.
Go on...Reload8098 said:
I wish I was close to 40!! LOL Full disclosure. In 2000 I had a liquid networth of about $2M. I made most of it by investing $350k of Exxon stock my grandmother willed me and playing in the market during the mid-late 90's runup. I built up a wholesale/retail distributorship (oil company) from the ground up. I took on a partner when I purchased another distributorship. My partner embezzled a little over $3M when I went back to Texas for 7 weeks after my dad had a severe heart attack. He left the country and me "holding the bag." I lost EVERYTHING, went through personal bankruptcy, corporate bankruptcy, yada, yada, yada. Very dark days, but I made it through that river of sh*t. The only thing they didn't get was my Exxon pension.
I was fortunate enought to get to know my Aggie bride while I was going through that drama. We've been married for 17 years. We have a decent net worth. I'm making more $ now than I ever have, consulting and selling commercial real estate (convenience stores). The broker I work with is retiring next year. We have formed a great relationship and he wants me to take over his brokerage. Between consulting and real estate, the next few years look to be very good for us. I'm mid 60s, in very good health and plan to keep working for another 7-10 or maybe longer if I continue to like real estate. I'm not one to sit around. My wife is 20 years younger (reload80(me)98(her). We have a 6 year old son (surprise!! - miracle baby), so real estate allows me to spend a lot of time with my family, travel etc. I am very blessed.
That's as open as I'll ever be on here ever again. LOL
Teslag said:
You have a 6 year old son. Do you have a boat or an RV or something like that? If not then get one and make some memories with that kid fishing and being outdoors for as much as you can while you're healthy. Seriously.
Yep. Have the boat and buying an RV soon for the spring. We are baseball, golf, outdoors, camping, fishing, Aggie football tailgating with friends/family people. Enough of my personal life.
Tecolote said:Go on...Reload8098 said:
I wish I was close to 40!! LOL Full disclosure. In 2000 I had a liquid networth of about $2M. I made most of it by investing $350k of Exxon stock my grandmother willed me and playing in the market during the mid-late 90's runup. I built up a wholesale/retail distributorship (oil company) from the ground up. I took on a partner when I purchased another distributorship. My partner embezzled a little over $3M when I went back to Texas for 7 weeks after my dad had a severe heart attack. He left the country and me "holding the bag." I lost EVERYTHING, went through personal bankruptcy, corporate bankruptcy, yada, yada, yada. Very dark days, but I made it through that river of sh*t. The only thing they didn't get was my Exxon pension.
I was fortunate enought to get to know my Aggie bride while I was going through that drama. We've been married for 17 years. We have a decent net worth. I'm making more $ now than I ever have, consulting and selling commercial real estate (convenience stores). The broker I work with is retiring next year. We have formed a great relationship and he wants me to take over his brokerage. Between consulting and real estate, the next few years look to be very good for us. I'm mid 60s, in very good health and plan to keep working for another 7-10 or maybe longer if I continue to like real estate. I'm not one to sit around. My wife is 20 years younger (reload80(me)98(her). We have a 6 year old son (surprise!! - miracle baby), so real estate allows me to spend a lot of time with my family, travel etc. I am very blessed.
That's as open as I'll ever be on here ever again. LOL
That's it.
Good advice on making memories, horrible on buying a boat or RV to do so
Selling the boat. I rv camped growing up. I am a little concerned with how crowded it will be at certain destinations. We'll still do cabins like we did for the TN game or maybe choose a cabin over trying to camp in the Tetons.
RV yes, unless you travel a ton and a boat is not bad if you live by the water and use it.crane said:
Good advice on making memories, horrible on buying a boat or RV to do so
Used our boat in Knoxville all the time. The marina was 5 minutes away. San Antonio sucks for boating.
I know a great VRBO in the Hill Country if you're interested.Reload8098 said:
Selling the boat. I rv camped growing up. I am a little concerned with how crowded it will be at certain destinations. We'll still do cabins like we did for the TN game or maybe choose a cabin over trying to camp in the Tetons.
Ronnie '88
AgAE said:
Open an account with Schwab and put it SWVXX and earn 5.2% until the market improves.
I've been putting all of my "cash" into this same Schwab fund for a while now. I have a Schwab advisor and I "trickle it in" to whichever fund he recommends based on my balances, market conditions, etc, I definitely feel better about holding "cash" this way, and it takes one day to sell out of it and buy more of whatever we agree upon.
Way to persevere man! Do you!
If you want income. And you are in commercial real estate. I would personally buy commercial real estate.
I'm finally at a place where I do not look at things I really know nothing about. Anything my business makes above the income I need and my retirement savings stays in my business.
I'm not in commercial real estate. But if I were, I'd keep my money in real estate as that is your future.
You can make 5% on a savings accounts right now while you try and find the right deal.
I'll leave my comments rather than edit. I reread your post and forgot you needed this money for a house build.
I'm finally at a place where I do not look at things I really know nothing about. Anything my business makes above the income I need and my retirement savings stays in my business.
I'm not in commercial real estate. But if I were, I'd keep my money in real estate as that is your future.
You can make 5% on a savings accounts right now while you try and find the right deal.
I'll leave my comments rather than edit. I reread your post and forgot you needed this money for a house build.
Congrats.
Some in VOO
Some in VDE
Some in VYM
That's what I am working toward.
Keep the rest in cash for bargains.
Some in VOO
Some in VDE
Some in VYM
That's what I am working toward.
Keep the rest in cash for bargains.
Thanks for sharing reload. I can't imagine being either party on embezzling $3MM. How do people live with themselves after doing that?
Sounds like this is the 'turning point paycheck' thats moving you to the next stage of financial freedom. Congrats. Given everyone in your families ages here I would recommend spending a bit more on the here and now with the young wife and young kid. Sounds like the best investment you can make is in yourself, so I would really reposition the cash with investing in yourself in mind. Whatever you can buy to make yourself more productive at lower stress is the best money spent.
Still would make sure the wife, junior, and your later years are taken care of first, and not try to plow as many dollars as possible back into something like the stock exchange immediately.
200k to a trust that serves your wife/son: SPY500 ETF kind of investment
100k to shore up any long term health care needs: Blend of ETF investments and high yield savings
300k for whatever you want. Invest it however, buy some toys, go on some big trips. Give back. Whatever you want.
Congrats again, this is what people work their whole lives for. You won. Be sure to enjoy the winnings.
Sounds like this is the 'turning point paycheck' thats moving you to the next stage of financial freedom. Congrats. Given everyone in your families ages here I would recommend spending a bit more on the here and now with the young wife and young kid. Sounds like the best investment you can make is in yourself, so I would really reposition the cash with investing in yourself in mind. Whatever you can buy to make yourself more productive at lower stress is the best money spent.
Still would make sure the wife, junior, and your later years are taken care of first, and not try to plow as many dollars as possible back into something like the stock exchange immediately.
200k to a trust that serves your wife/son: SPY500 ETF kind of investment
100k to shore up any long term health care needs: Blend of ETF investments and high yield savings
300k for whatever you want. Invest it however, buy some toys, go on some big trips. Give back. Whatever you want.
Congrats again, this is what people work their whole lives for. You won. Be sure to enjoy the winnings.
When you got 600k at play, might as well pay the per outing premium to rent a boat/driver/fishing guide every time you want to go out. No need to be the guy cursing yourself playing boat sherpa as you haul everything before and after the trip, or getting stuck on the lake because the ethanol you didn't realize you put in the tank pulled in water.crane said:
Good advice on making memories, horrible on buying a boat or RV to do so
Yeah I came to that conclusion last year. Medina is a swimming pool and after being literally no more than 5 minutes from the marina in Knoxville, where we stored our boat, Canyon is too far. Renting a boat for a day or two is smarter.one MEEN Ag said:When you got 600k at play, might as well pay the per outing premium to rent a boat/driver/fishing guide every time you want to go out. No need to be the guy cursing yourself playing boat sherpa as you haul everything before and after the trip, or getting stuck on the lake because the ethanol you didn't realize you put in the tank pulled in water.crane said:
Good advice on making memories, horrible on buying a boat or RV to do so
I would:
Spend $100k on things you otherwise probably would not have (new car, pool, RV, boat, bathroom/kitchen remodel, new furniture, lavish vacation, etc. etc)
Fund a 529 for the kid with $50k-75k
Put $150k in 5.5%-6% Tbills/CD's of your choosing
Put $200K into VTI or VOO
Put $100k into VYM
Or, buy some land to enjoy.
Spend $100k on things you otherwise probably would not have (new car, pool, RV, boat, bathroom/kitchen remodel, new furniture, lavish vacation, etc. etc)
Fund a 529 for the kid with $50k-75k
Put $150k in 5.5%-6% Tbills/CD's of your choosing
Put $200K into VTI or VOO
Put $100k into VYM
Or, buy some land to enjoy.
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