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Started By
Message
Where to Park $75K for best return?
Posted on 12/29/21 at 3:41 am
Posted on 12/29/21 at 3:41 am
After breaking my piggy bank open, it seems I have approximately $75K to invest. Looking for low risk & better reward than traditional banks, etc.
Any sound advice is greatly appreciated.
Any sound advice is greatly appreciated.
6
Posted on 12/29/21 at 5:37 am to Lutcher Lad
In today’s world, there are not many options for low risk and higher reward.
I would start with I series Bonds
$10,000 for you
$10,000 for your spouse
Do that today or tomorrow
Monday - do same thing again
The remaining $30,000 - put in one of the reward checking account that offer a decent rate of return you - direct deposit and have debit card transactions.
Otherwise you step into some high valuation stocks.
I would start with I series Bonds
$10,000 for you
$10,000 for your spouse
Do that today or tomorrow
Monday - do same thing again
The remaining $30,000 - put in one of the reward checking account that offer a decent rate of return you - direct deposit and have debit card transactions.
Otherwise you step into some high valuation stocks.
This post was edited on 12/29/21 at 5:39 am
Posted on 12/29/21 at 6:19 am to Lutcher Lad
I park mine in a combination of QYLD, RYLD, NUSI, CRF, SSSS, Etc.
Posted on 12/29/21 at 6:28 am to arcalades
Get 8% at BlockFi
Posted on 12/29/21 at 8:31 am to Vastmind
quote:
BlockFi
Anyone use this?
Posted on 12/29/21 at 8:47 am to Lutcher Lad
quote:
Looking for low risk & better reward than traditional banks, etc.
The answer has always been right in front of you...
Start a bank.
Posted on 12/29/21 at 9:04 am to BestBanker
quote:
Start a bank.
quote:
BestBanker
Wise advise.
Posted on 12/29/21 at 9:56 am to skewbs
Username checks out
Posted on 12/29/21 at 10:18 am to WITNESS23
quote:
Anyone use this?
Yes- Have been using it for about 9 months. You can't just put cash directly into your account. You have to convert it to some type of crypto. I converted some cash into stablecoin (USDC) and also put some Bitcoin I had into the account. Stablecoins currently pay 9% up to 40,000 and 8% abouve 40,000. bitcoin pays 4.5% up to 0.1 BTC and less above that. Have been very happy with their customer service as well. Biggest negative imo is that if you're in Louisiana you can't buy crypto directly from Blockfi. You have to use coinbase or another exchange to buy the crypto and then transfer it to Blockfi
Posted on 12/29/21 at 10:49 am to EYEDOCNO
yup. you also get 2% extra apy if you have the credit card. so that's 11% on stables
the credit card gives rewards of your choice so it's flexible. I use BTC but you could get stable rewards if you preferred
but muh ibonds
the credit card gives rewards of your choice so it's flexible. I use BTC but you could get stable rewards if you preferred
but muh ibonds
This post was edited on 12/29/21 at 10:51 am
Posted on 12/29/21 at 11:06 pm to Lutcher Lad
Hold on to your cash until Tellurian announces financing plans for Driftwood in Lake Charles. If it looks good, as it should, you can make a handy ROI off $75k
Posted on 12/30/21 at 6:46 am to Lutcher Lad
Put it in an S & P 500 index fund and forget about it. Last time I saw, the S & P averaged 9.50% a year over the last 30 years.
Make sure you pick a low or no fee fund like Vanguard.
Make sure you pick a low or no fee fund like Vanguard.
Posted on 12/30/21 at 8:03 am to arcalades
quote:
I park mine in a combination of QYLD, RYLD, NUSI, CRF, SSSS, Etc.
my SSSS dividend is paying today.
YUUUUUGE payout
Posted on 12/30/21 at 8:08 am to KillTheGophers
quote:
I would start with I series Bonds
$10,000 for you
$10,000 for your spouse
Do that today or tomorrow
he may not want it sitting there 12 months
quote:
The remaining $30,000 - put in one of the reward checking account
Posted on 12/30/21 at 11:13 am to Lutcher Lad
This is way outside the box, but you could buy $75k of USDC crypto on Voyager and earn 9% annually. USDC is a stable coin that is always worth exactly $1.
Posted on 12/30/21 at 12:15 pm to auwaterfowler
Cap finance 80% on usdc
Posted on 12/30/21 at 12:35 pm to KillTheGophers
quote:
In today’s world, there are not many options for low risk and higher reward.
I would start with I series Bonds
$10,000 for you
$10,000 for your spouse
Do that today or tomorrow
Monday - do same thing again
The remaining $30,000 - put in one of the reward checking account that offer a decent rate of return you - direct deposit and have debit card transactions.
Otherwise you step into some high valuation stocks.
1 UV
18 DV
This post was edited on 12/31/21 at 12:27 pm
Posted on 12/31/21 at 11:11 am to rocket31
quote:
but muh ibonds
Posted on 12/31/21 at 12:19 pm to Fat Bastard
quote:yes indeed.
my SSSS dividend is paying today.
YUUUUUGE payout
a huge 5 figure dividend
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