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Started By
Message
What to do with $159,000
Posted on 7/27/23 at 4:00 pm
Posted on 7/27/23 at 4:00 pm
Just sold rental. What should I do with this money? Keeping it in a 5% savings account now.
Put it all in VTI?
Bitcoin and hodl?
Go to Biloxi and lay it all on craps?
Bring all ideas. I’m waiting to be entertained and maybe luck into a good response.
Put it all in VTI?
Bitcoin and hodl?
Go to Biloxi and lay it all on craps?
Bring all ideas. I’m waiting to be entertained and maybe luck into a good response.
16
Posted on 7/27/23 at 4:06 pm to Drizzt
When's the last time you've taken your family on a nice vacation? Do that.
Rest QQQ
Rest QQQ
Posted on 7/27/23 at 4:07 pm to Drizzt
Being MT, you probably won't get the entertaining responses you would get on tOT. You already know what the first suggestion will be there.
Is a 1031 exchange to buy a bigger investment property such as a duplex in your plans?
Is a 1031 exchange to buy a bigger investment property such as a duplex in your plans?
This post was edited on 7/27/23 at 4:08 pm
Posted on 7/27/23 at 4:08 pm to Drizzt
quote:
Just sold rental.
make sure you pay your capital gains taxes and your depreciation recapture!
you will never get in again at old RTV's. anywhere between 1 and 2% is good/great. so many now going .07...i am not sure how people are cash flowing with that unless they put a ton down.
This post was edited on 7/27/23 at 4:12 pm
Posted on 7/27/23 at 4:10 pm to Drizzt
quote:
Just sold rental.
How long did you rent it out? Might need to put a big chunk back for taxes..
Posted on 7/27/23 at 4:12 pm to ColoradoAg03
Tried to 1031 but didn’t work out. Actually don’t need to as I bought the house for $155,000 in 2010 so no capital gains after depreciation. I lived in it first and was only renting the last 4 years.
I’m pretty good about taking vacations. Just put $80,000 into an apartment being built for tax write offs. My current plan with this new money would be to invest half in stocks and probably hold half in the 5% account for the next 6 months to see if an opportunity develops or market drops to get in cheap.
Just seeing what else people are thinking.
I’m pretty good about taking vacations. Just put $80,000 into an apartment being built for tax write offs. My current plan with this new money would be to invest half in stocks and probably hold half in the 5% account for the next 6 months to see if an opportunity develops or market drops to get in cheap.
Just seeing what else people are thinking.
This post was edited on 7/27/23 at 4:17 pm
Posted on 7/27/23 at 4:15 pm to Drizzt
why sell? was not cash flowing? bought wrong?
Posted on 7/27/23 at 4:16 pm to Fat Bastard
Honestly wasn’t into the rental game having to fix things and pay $3000 to remove a fallen tree last big storm.
I could have probably cash flowed $300 a month on current mortgage that only had $50,000 left but prices in that neighborhood were higher than I ever expected. Seemed like a good time to sell.
I could have probably cash flowed $300 a month on current mortgage that only had $50,000 left but prices in that neighborhood were higher than I ever expected. Seemed like a good time to sell.
This post was edited on 7/27/23 at 4:18 pm
Posted on 7/27/23 at 4:17 pm to Drizzt
The ETF thread just below this one has some investing suggestions with lower risk than individual stocks.
ETA: if you want to go high risk with a little bit of that extra cash on hand, throw it at SLI
ETA: if you want to go high risk with a little bit of that extra cash on hand, throw it at SLI
This post was edited on 7/27/23 at 4:20 pm
Posted on 7/27/23 at 4:17 pm to Drizzt
If you're going to put money into stocks I'd highly suggest shorting puts in whatever names you are eyeing instead. This market is extremely frothy given the underlying fundamentals in the economy. That gives you more cash for better portfolio optionality. Pick a strike that you'd be willing to buy the shares at.
Posted on 7/27/23 at 4:19 pm to wutangfinancial
This is what I’m talking about.
Diversify your stocks and bonds bitches.
Diversify your stocks and bonds bitches.
Posted on 7/27/23 at 4:20 pm to Drizzt
Sorry baw, I have a few ideas but it'll take at least $160k.
Posted on 7/27/23 at 4:22 pm to Drizzt
please don’t buy the market for the next 6-12months. Keep it on hand for better opportunities to jump in and take a nice vacation.
Posted on 7/27/23 at 4:25 pm to BourbonDad
I did the bourbon trail in May with a friend. Spent about $600 on bourbon I brought back. I’m thinking you would approve.
Posted on 7/27/23 at 6:20 pm to Drizzt
quote:
Just sold rental. What should I do with this money? Keeping it in a 5% savings account now.
Put it all in VTI?
Bitcoin and hodl?
Go to Biloxi and lay it all on craps?
Bring all ideas. I’m waiting to be entertained and maybe luck into a good response.
Buy Apple..
Posted on 7/27/23 at 6:55 pm to Drizzt
Pulsechain. LP incentivized farming.
Posted on 7/27/23 at 8:06 pm to Drizzt
We did the same thing 2yrs ago and sold a rental. Our kids were 10 and 12 then. We took the cash and built a pool and pool house. So for the next 10yrs or so, I’m confident we have a place for the kids and their friends to hangout. A different kind of investment but an investment nonetheless.
Posted on 7/27/23 at 8:25 pm to Drizzt
$30k ORGN
$10k SLI
$10k PLTR
$10k OXY
$5k TELL
$30k VGT
$30k VOO
$25k savings acct
$9k trip
$10k SLI
$10k PLTR
$10k OXY
$5k TELL
$30k VGT
$30k VOO
$25k savings acct
$9k trip
Posted on 7/27/23 at 8:46 pm to Drizzt
quote:Spend ~$125k on one or two low-mileage collector car(s), not over 50 years old.
$159,000
Not for driving or use, store it (them) and conserve them.
What to buy?
I don’t know, but I do know several folks who have decent ideas what to suggest has good upside.
Posted on 7/28/23 at 6:28 am to Drizzt
Ever tried investing in new construction spec houses?
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