- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Have just $40k laying around. What's the smartest/safest way to increase it in a year?
Posted on 1/1/22 at 7:52 pm
Posted on 1/1/22 at 7:52 pm
I'm in my 20s and have $40,000 in my checking account. Don't have any student loans, car notes, kids or any of that.
Ideally I would look like to get around $60,000 and starting offering on houses in the $300,000 range and not pay PMI.
Little internet research says ETFs like VOO or VTI are my best bet.
Don't flame me... I'm just looking for ideas/advice.
Ideally I would look like to get around $60,000 and starting offering on houses in the $300,000 range and not pay PMI.
Little internet research says ETFs like VOO or VTI are my best bet.
Don't flame me... I'm just looking for ideas/advice.
13
Posted on 1/1/22 at 7:57 pm to BlueShield
If you are saving for a house down payment just put it in a money market account
Posted on 1/1/22 at 8:02 pm to BlueShield
quote:
I'm in my 20s and have $40,000 in my checking account.
quote:
Ideally I would look like to get around $60,000
quote:
What's the smartest/safest way to increase it in a year?
If you’re wanting to make 50% in a year I’d first start by tempering expectations.
Posted on 1/1/22 at 8:07 pm to BlueShield
quote:
Have just $40k laying around
quote:
smartest/safest way to increase it in a year
quote:
Ideally I would look like to get around $60,000
Posted on 1/1/22 at 8:22 pm to jimbeam
quote:
you’re wanting to make 50% in a year I’d first start by tempering expectations.
Especially since you have to pay taxes
Posted on 1/1/22 at 8:26 pm to BlueShield
quote:
Little internet research says ETFs like VOO or VTI are my best bet.
VTI is a solid choice for safe investing. Like others have said, you might need to temper expectations. It will probably take more like two years to see 50% gains if earnings continue like they have last three years.
Posted on 1/1/22 at 9:40 pm to BlueShield
quote:
Don't flame me... I'm just looking for ideas/advice.
Not flaming you, but if there were "safe" ways to consistently make returns of 50% in a year, we could likely all just retire tomorrow.
Posted on 1/1/22 at 9:43 pm to SLafourche07
You are laughing, but I did this with $20k and turned it into a $95k down payment in a year. Thanks SLI!
To OP, only gamble what you are willing to lose. My 20k was a truck fund I was saving.
To OP, only gamble what you are willing to lose. My 20k was a truck fund I was saving.
This post was edited on 1/1/22 at 9:48 pm
Posted on 1/1/22 at 10:13 pm to Joshjrn
quote:
Not flaming you, but if there were "safe" ways to consistently make returns of 50% in a year, we could likely all just retire tomorrow.
He’s not looking to consistently make it, just make it once. VTI, which he mentioned, hasn’t been that far off the last three years.
Posted on 1/1/22 at 10:31 pm to BlueShield
HKRS
YAYO
YAYO
Posted on 1/1/22 at 11:57 pm to Fat Bastard
quote:
YAYO
We talking legal or illegal ways here?
Posted on 1/2/22 at 6:17 am to BlueShield
There is no free lunch.
Any return in excess of the market comes with risk.
Do you have to have this money available in one year?
If so, caveat emptor.
If not, sell some cash secured puts in blue chip stocks. You will collect premium and 75% of put options expire worthless meaning you get to keep the premium.
I don’t think it’s possible to make 50% “safely,” but you could generate some premium income with cash secured puts on MO, INTC, BMY, or any of several stocks.
Of course, you could see the stock tank so you would have to buy the underlying shares.
No free lunch.
I have many cash secured puts expiring this month and will likely sell more since a vast majority of them will not be exercised.
I did not make 50% on these trades, and since they are “short” positions, I’ll have to pay taxes at current income tax rates (luckily most is in SEP-IRA, Roth, Trad IRA) on any trades in my taxable account.
Any return in excess of the market comes with risk.
Do you have to have this money available in one year?
If so, caveat emptor.
If not, sell some cash secured puts in blue chip stocks. You will collect premium and 75% of put options expire worthless meaning you get to keep the premium.
I don’t think it’s possible to make 50% “safely,” but you could generate some premium income with cash secured puts on MO, INTC, BMY, or any of several stocks.
Of course, you could see the stock tank so you would have to buy the underlying shares.
No free lunch.
I have many cash secured puts expiring this month and will likely sell more since a vast majority of them will not be exercised.
I did not make 50% on these trades, and since they are “short” positions, I’ll have to pay taxes at current income tax rates (luckily most is in SEP-IRA, Roth, Trad IRA) on any trades in my taxable account.
Posted on 1/2/22 at 6:18 am to BlueShield
Put it in $HMBL
Posted on 1/2/22 at 8:34 am to go ta hell ole miss
quote:
He’s not looking to consistently make it, just make it once. VTI, which he mentioned, hasn’t been that far off the last three years.
Past performance is not necessarily indicative of future performance. And if his $40k turns into $30k in a year, I imagine he’d have feelings about it.
Posted on 1/2/22 at 8:50 am to jimbeam
I didn't neccesarily take it as he wanted to make $20k in a year, as much as he wants to make something safely on it during the next year, and hopefully he will have $60k in a year or so.
Like maybe he contributes to it?
But at least now he knows that if doesn't invest in SLI, he will have to stay at moms.
Like maybe he contributes to it?
But at least now he knows that if doesn't invest in SLI, he will have to stay at moms.
Posted on 1/2/22 at 9:08 am to Joshjrn
quote:
Past performance is not necessarily indicative of future performance.
What are you, a commercial for financial services? When looking at broad market returns like VTI or S&P 500 everyone I have ever known, except you apparently, looks at past performance to determine expected future gains. People almost invariably look at historical performances when making predictions on where they can expect to be later in life.
quote:
And if his $40k turns into $30k in a year, I imagine he’d have feelings about it.
I would, too. If we see a 25% drop in the market in one year there is going to be some major problems in the world. Problems the fed is incapable of handling. The government has proven it will do anything to prop the market up. You are predicting a potential 25% drop in overall market with that statement. Based on what?
Posted on 1/2/22 at 9:17 am to go ta hell ole miss
quote:
What are you, a commercial for financial services? When looking at broad market returns like VTI or S&P 500 everyone I have ever known, except you apparently, looks at past performance to determine expected future gains. People almost invariably look at historical performances when making predictions on where they can expect to be later in life.
All great; none of which would be great predictors of what performance is going to look like next year. But nice long term strawman in response to a next year question.
quote:
I would, too. If we see a 25% drop in the market in one year there is going to be some major problems in the world. Problems the fed is incapable of handling. The government has proven it will do anything to prop the market up. You are predicting a potential 25% drop in overall market with that statement. Based on what?
I'm not predicting anything. He's not asking about play around money. He's asking about a down payment on a house. Note he asked for a "safe" investment. He's trying to spike his money to avoid PMI. So is the flip side that if he loses this bet badly, he can no longer afford his desired mortgage?
But you go ahead and keep acting like this is a simple, straightforward scenario that can be answered in the same way as someone asking how they should invest for retirement on a 40 year timeline.
Posted on 1/2/22 at 9:28 am to BlueShield
Buy a Bitcoin.
Posted on 1/2/22 at 9:42 am to go ta hell ole miss
quote:
And if his $40k turns into $30k in a year, I imagine he’d have feelings about it.
I would, too. If we see a 25% drop in the market in one year there is going to be some major problems in the world. Problems the fed is incapable of handling. The government has proven it will do anything to prop the market up. You are predicting a potential 25% drop in overall market with that statement. Based on what?
I don't think he predicted that. His question was what would the OP do if it happened.
We've had two years similar to that since 2000 (S&P was down nearly 40% in 2008). And the market has been on fairly ridiculous upward trend for over a decade.
A down year is a possibility every investor should consider
Posted on 1/2/22 at 10:25 am to jimbeam
quote:
If you’re wanting to make 50% in a year I’d first start by tempering expectations.
I was assuming based on his post that he still would be contributing funds to the account. Don't think he was looking for a 50% return.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News