I have some HSA money that needs to be invested as well as some money in my trading account looking for a home. What would you do with it if you're not looking to trade, but wanting to buy and hold something and not worry about it? Your help is much appreciated.

0DTE

1/2 Amazon, 1/2 Walmart

RightWingConspirator said:

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I have some HSA money that needs to be invested as well as some money in my trading account looking for a home. What would you do with it if you're not looking to trade, but wanting to buy and hold something and not worry about it? Your help is much appreciated.

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Buy a star on TA for just a month so you can send private messages and PM me.

Find an undeveloped lot somewhere, buy it, and forget about it for 10 years. You will triple your money, minimum.

Gold.

529 LAN.

What do you have an interest in? Real estate? Land? Stocks/bonds? Crypto?

Buy into knowledge and learn as much as you can.

Buy books, buy a course, join a mastermind, get around others doing what you want to do.

I would use $40k this way.

94chem said:

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well_endowed_ag said:

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Find an undeveloped lot somewhere, buy it, and forget about it for 10 years. You will triple your money, minimum.

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Taxes

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Taxes on a $40k lot will be minimal, and they'll go toward your basis when you sell it

Not if you're ag or wildlife exempted.

QQQM

Half in BTC, 1/4 in VGT, 1/4 VTI. Then go and live your life for 20-40 years.Very likely to be a millionaire by that time.

hunter2012 said:

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Half in BTC, 1/4 in VTC, 1/4 VTI. Then go and live your life for 20-40 years.Very likely to be a millionaire by that time.

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LOL

hunter2012 said:

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Half in BTC, 1/4 in VTC, 1/4 VTI. Then go and live your life for 20-40 years.Very likely to be a millionaire by that time.

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VTC has gone down -7.5% since its inception in 2017. Am I missing something here lol?

VGT, my bad

LP equity placement in a MF or land deal. Most will be $100-$500k minimum but if you have anyone interested as well you can go in together in one entity to hit the minimum.

I prefer deal by deal placement but have also thrown in on different funds that invest in acquisition and/or development of apartments.

I'm already there. Reached that about 10 years ago.

Im really more of a buy and hold investor. I like to buy good companies that I need not worry about for years. I have an account I trade with and pick stocks, but I decimated my HSA account a few years back with some of my stock picks (thanks ROKU) to where I'd really prefer to pick solid companies and not speculate too much. I've purchased some VOO that I dollar cost average into and I picked up some BRK.B shares that I may dollar cost average some more into it. I still have too much money sitting in the sidelines so I'd like to deploy it.

My money is managed by a professional money manager but I do play around with my HSA and my trading account. The monies combined are around ~$140k. I have a sizeable chunk of rainy day funds I keep invested in TMCXX. It pays me roughly $700/month.

I have no interest in real estate or the like. I've got a relatively decent amount in the following:

FBTC
VOO
NVDA
MSFT
AAPL
CDNS
MELI
INTU
AMZN
MA

Looking to pick up some others.

Whatever you do, don't pay an advisor a fee to get professional advice, provide options for you to choose from, educate you, and help you make good decisions.

If you have money in an HSA your choices are likely severely limited. Any individual stocks, land, bitcoin, etc are all out.

My HSA has like 5-10 options to invest in.

I left a job 2 years ago and rolled my HSA over to Fidelity and can invest in just about any stocks/funds I want.

My current employer moved our 401Ks and HSA over to Fidelity this year, so my monthly HSA goes into the one I created with the rollover.

I was pretty surprised how that works.

I rolled over to a Fidelity like the previous poster did and can now buy pretty much anything I want.

Interesting. My wife and my HSA's are both with fidelity and severely limited in what we can trade. Obviously our employers control plans. But I assumed with HSA's they were restricted by policy as well. Good to know.

Since it's an HSA the following holdings seem appropriate to keep the cycle going:

PM
MO
MCD
KO
PEP

You got some healthy people in your family is the HSA is anything more than a pass through account to save a few bucks on taxes.

94chem said:

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You got some healthy people in your family is the HSA is anything more than a pass through account to save a few bucks on taxes.

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Or we just save the HSA since it's one of the best savings tools (tax wise) out there and pay out pocket for medical expenses. This includes the birth of our second child this April.

Plus it's nice to have an HSA that's multiples of our out of pocket just in case anything were to happen. And we save all large ticket medical expenses receipts so we can withdraw if needed.

ac04 said:

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the HSA is the most tax advantaged account that exists. its not just "saving a few bucks on taxes," it is sheltered from taxes three different ways. pre-tax contributions, tax-free earnings, and tax-free withdrawals. invest it and cash flow medical expenses, let it compound for a few decades, and then don't worry about medical expenses in retirement.

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And you can use it for long term care in retirement and take advantage of something that's a lot of money in a single year or two otherwise, untaxed

Having to pay 85K in a single year for long term care out of what's otherwise normal retirement funds would be a lot of taxes

I'm a Type 1 Diabetic. While I'm healthy my supplies are super expensive. I fortunately make enough to never reimburse myself. I contribute the full amount every year and let it ride. I never touch it.

You can take your employer's HSA and roll it over to Fidelity. Your employer's HSA rules have nothing to do once the money is rolled over. At least that's how it worked for me.

ARM

I have my HSA through Fidelity. Moved it there in February 2021. The whole balance is in FSKAX. According to Fidelity, I have +39.78% cumulative pre-tax return since I opened the account.