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Windfall - what to do?

3,968 Views | 25 Replies | Last: 4 mo ago by Heineken-Ashi
TFAAGG
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11:27a, 6/30/24
AG
What would you do with 200-400k windfall (after paying off any debt)?

Scenario
Late 30s
Good Salary and Retirement Plan in Place
Not Risk Averse
Business Mgmt Experience

Options
Rentals
Invest - Index
Invest - Wheel Strategy
Buy and scale small business
Other ideas
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permabull
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3:45p, 6/30/24
AG
Does your job have a 401k plan that allows mega backdoor Roth? If so I would put the money in a money market earning 5+% and live off of it and set your 401k withholdings to 50%+ of your salary and try and max out the mega backdoor Roth (max combined is $69k but that includes the normal contribution, employer match and the after tax Roth converted).

Doing this will basically have you dollar cost average into the market and you will have 20+ years tax free growth on that investment.

If your company doesnt offer that I would index invest it in a brokerage account.
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MRB10
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3:49p, 6/30/24
AG
You're financially secure already? Bitcoin.
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AgOutsideAustin
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6:38p, 6/30/24
AG
Nothing for 6 months. Just think about your options but don't rush into anything.
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Brian Earl Spilner
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In reply to permabull • 7:15p, 6/30/24
AG
This.
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OldArmyCT
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5:01a, 7/1/24
AG
Let me see, you have $200-400K to invest and you come to a subsection of a sports blogging board for advice and so far you've gotten suggestions to open a Roth, buy Bitcoin, and time the market by stalling. I'd say you came to the right place.
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bmks270
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6:28a, 7/1/24
AG
Buy a Porsche.
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TFAAGG
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In reply to OldArmyCT • 7:15a, 7/1/24
AG
Touch
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topher06
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8:42a, 7/1/24
If you bet half on red and half on black, you have a decent shot at getting your money back and might get some comps.
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ktownag08
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9:26a, 7/1/24
AG
Hookers and blow...
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Brian Earl Spilner
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In reply to topher06 • 2:19p, 7/1/24
AG
topher06 said:
If you bet half on red and half on black, you have a decent shot at getting your money back and might get some comps.
It only takes one or two 0s to lose out.
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TombstoneTex
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In reply to OldArmyCT • 3:14p, 7/1/24
AG
OldArmyCT said:
Let me see, you have $200-400K to invest and you come to a subsection of a sports blogging board for advice and so far you've gotten suggestions to open a Roth, buy Bitcoin, and time the market by stalling. I'd say you came to the right place.
TexAgs does know stuff.
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OldArmyCT
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In reply to TombstoneTex • 4:58a, 7/2/24
AG
TombstoneTex said:
OldArmyCT said:
Let me see, you have $200-400K to invest and you come to a subsection of a sports blogging board for advice and so far you've gotten suggestions to open a Roth, buy Bitcoin, and time the market by stalling. I'd say you came to the right place.
TexAgs does know stuff.
For sure, but does the OP have the correct filter?
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hunter2012
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In reply to ktownag08 • 9:13a, 7/2/24
AG
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ktownag08
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In reply to hunter2012 • 4:03p, 7/2/24
AG
Fine TexAging, but OP needs a million to do that!!!
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permabull
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In reply to ktownag08 • 4:50p, 7/2/24
AG
ktownag08 said:
Fine TexAging, but OP needs a million to do that!!!


Office space was filmed in 1998 so that needs to be 1.8 - 2 million in today's dollars
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Pinochet
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In reply to TFAAGG • 11:26p, 7/4/24
TFAAGG said:
Touch

Smell? Taste?
Are we naming senses?
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TFAAGG
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In reply to Pinochet • 10:13a, 7/5/24
AG
Haha. Touch
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TFAAGG
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In reply to TFAAGG • 10:14a, 7/5/24
AG
Apparently Texags autocorrect the correct spelling of touch-e
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Pinochet
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In reply to TFAAGG • 9:25a, 7/6/24
Fine but I still choose to *touch* 2 chicks at the same time!
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BoDog
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10:35p, 7/6/24
AG
On a more serious note.... put it in a mm account earning 5% and wait for bitcoin to nose dive (and it will) then put it in there. I have been doing that for 4 years and its worked out well.
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Big Baccala
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11:24a, 7/7/24
AG
Barbell strategy, half in stocks, NVDA, AAPL, AMZN, META; the other half in municipal bonds, or PFXF.
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Charismatic Megafauna
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In reply to bmks270 • 1:35p, 7/7/24
AG
bmks270 said:
Buy a Porsche.

Or a boat

Depending on whatever your current debt looks like you may not want to pay it off (i.e. sub 4% mortgage). I would put it all in December t-bills at 5%+ to lock it up while you consider your options
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2wealfth Man
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1:39p, 7/7/24
AG
Got some commercial real estate investments for ya….
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Bonfire97
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In reply to permabull • 3:59p, 7/8/24
AG
Quote:
Office space was filmed in 1998 so that needs to be 1.8 - 2 million in today's dollars
That does suck that Peter couldn't even have 2 chicks at the same time now because of inflation.
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Heineken-Ashi
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In reply to Bonfire97 • 6:01p, 7/8/24
Bonfire97 said:
Quote:
Office space was filmed in 1998 so that needs to be 1.8 - 2 million in today's dollars
That does suck that Peter couldn't even have 2 chicks at the same time now because of inflation.


It's worse. Because of inflation he has to settle for one fat chick half the time.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
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