What could I do with 40k to build me an 80' x 60' slab with a 60' x 40' x 12' barn, land already owned, in the next 5 years? I have zero experience in investments and would like someone to give me some ideas to research. Gross income is about 140k together, saving around 30k a year.

Thank you…about a week ago a Major recommended VOO to me Vanguard. Would that be something I should look into?

There's probably a lot more details we need to really give any kind of decent advice. If you can save $30k per year, and are looking to build in 5 years, why do you need to save $40k now? In that case, may as well throw the $40k in the market.

txaggie_08 said:

---

If you're asking what to do with that $40k in 5 years or less, safest bet is HYSA. 5 years is kind of that grey line where any goals more than 5 years should be invested in the market, and anything less than 5 years should be held in a HYSA.

---

eh there'd have to be a lot of conditions for that to be absolute, if I were retired living solely on pension, and needed the 40K for a life saving surgery in 4 years.... I'd prob still calmly put it in VOO

harge57 said:

---

What's the cost of the build today? The cost to build will probably increase faster than your HYSA.

---

If concrete cost is $180 per cubic yard at 90 cubic yards then that's about 17k for concrete. Purchase of the building, bolt up, let's say is 30k. I would say all in would be around 80k for the build.

harge57 said:

---

What's the cost of the build today? The cost to build will probably increase faster than your HYSA.

---

You sure about that? Seems to me materials have calmed down a lot. HYSA are still in the 4s. That would require inflation for that material more than that.

But it's probably minimal either way.

DBird said:

---

What could I do with 40k to build me an 80' x 60' slab with a 60' x 40' x 12' barn, land already owned, in the next 5 years? I have zero experience in investments and would like someone to give me some ideas to research. Gross income is about 140k together, saving around 30k a year.

---

Just to be clear, you want to build within the next 5 years or in 5 years? So it could be next year?

Apologies....after year 5.

Yeah, either way, it's about the same in all likelihood.

Take it from an idiot who has lived through a similar scenario - if you think you will need the money or anticipate using it within the next year or two, do not put it into the market. Not even something "safe" like VOO.

Edit: Saw your post about after year 5 above. That will change things substantially with that timeline. You could always split the difference and put some into HYSA and some into the market and hedge your bets.

CC09LawAg said:

---

Take it from an idiot who has lived through a similar scenario - if you think you will need the money or anticipate using it within the next year or two, do not put it into the market. Not even something "safe" like VOO.

Edit: Saw your post about after year 5 above. That will change things substantially with that timeline. You could always split the difference and put some into HYSA and some into the market and hedge your bets.

---

Good use of quotation marks. VOO is well diversified, but hardly safe for someone absolutely needing the money within 5 years.

DBird said:

---

What could I do with 40k to build me an 80' x 60' slab with a 60' x 40' x 12' barn, land already owned, in the next 5 years? I have zero experience in investments and would like someone to give me some ideas to research. Gross income is about 140k together, saving around 30k a year.

---

ET & EPD both are currently paying above 7% in dividends/distributions. You couild add another $14K if you swept the dividends into a cash acct or even more into a HYSA.

But don't tell too many people, it's a nice little secret that gives a nice passive income.

DBird said:

---

Thank you…about a week ago a Major recommended VOO to me Vanguard. Would that be something I should look into?

---

The annualized 5-yr returns range from -6.7% to 28% for VOO, just fyi. If you need the money in 5 years, losing 6.7% per year would be painful.

Edit - these are the worst and best rolling 5-year returns since inception...

Buy any S&P ETF and hold it 5 yrs. VOO will work, and there's a handful of others very similar.

I don't think we've really got a clear indication of in 5 years what he's actually looking to have - his principal guaranteed in-tact with as much returns on it as possible, or his principal relatively safe but not guaranteed with as much returns on it as possible?

If it's the former, the answer is not VOO or an S&P ETF.

EliteZags said:

---

txaggie_08 said:

---

If you're asking what to do with that $40k in 5 years or less, safest bet is HYSA. 5 years is kind of that grey line where any goals more than 5 years should be invested in the market, and anything less than 5 years should be held in a HYSA.

---

eh there'd have to be a lot of conditions for that to be absolute, if I were retired living solely on pension, and needed the 40K for a life saving surgery in 4 years.... I'd prob still calmly put it in VOO

---

a sure sign that the bull run has been going on for too long