I had a coworker approach me seeking advice for what to do with 180k (post-tax) that's about to come into his possession through some property he's selling. I'm 26 so I feel like my outlook on investing is different from that of a 50 yo. I'm reading up on investment strategies for people 50+ as I'd like to help him out if possible but would appreciate any input/advice. I would like to at least be able to help him out in general objectives/strategy with maybe some funds to look into and can at least speak to what I'm doing but, like I said, I feel like there's a difference between being an investor at 26 vs 50.

I would assume that he has his home paid off, but has little-to-nothing for retirement.

EDIT: I spoke with him and got a little more information:
-He wants this money to go towards retirement which he has 12 years till (I assume he has little-to-nothing saved currently).
-He's got 6 yrs left on his mortgage at $420/month.
-He doesn't really have any kids he needs to worry about supporting with this money.
-His primary hobby he'll maintain when he retires is traveling the US on his motorcycle.

TIA

This post was edited on 9/21/18 at 11:45 am

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Posted by baldona

Florida

Member since Feb 2016

20658 posts

Posted on 9/19/18 at 8:54 am to BigOrangeVols

Without knowing more of his situation itsnhard to say but I’m guessing he doesn’t have a lot in the stock market if he is coming to you.

I would disagree with the fact he is 50 and being different. If he is healthy, he is most likely going to live into his 80s. That’s 30 more years. There’s no reason to go ultra conservative that young.

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Posted by juice4lsu

Member since Dec 2007

3697 posts

Posted on 9/19/18 at 8:54 am to BigOrangeVols

There are just so many missing variables it's hard to give any advice. Here an example of a few things needed:

- Does he have any debt
- Income level
- assets other than home/car
- Married, kids?
- Educational Planning
- Goals/preference in trade offs from working longer to spending more in retirement, leaving a legacy
- Experience with investments
- Level of risk/volatility willing to take
- Time frame for this investment
- Need for liquidity?
- etc, etc, etc

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Posted by African Japanese

Member since Jul 2018

364 posts

Posted on 9/19/18 at 9:05 am to BigOrangeVols

I would love to hear what your approach is for yourself as I am 26 as well looking to invest in the market. I have a roth ira with about 15k in cash that can go into market and a robinhood account that i plan to finance $500 a month for dollar cost averaging. Let me know if you are willing to share what you are looking to invest in or what your plan is at our age.

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Posted by player711

Member since Jun 2006

285 posts

Posted on 9/19/18 at 10:05 pm to BigOrangeVols

We are taught risk equals reward, but that Is not true. There are things out there that are low risk and can be above average growth. However, if the money is after-tax, he may want to put it in something that to where he can get an income every month to help them pay down any debt liabilities or he can look at growing up in a tax advantage manner. It really depends on each individual situation.

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Posted by j4lsu

Pineville

Member since Aug 2006

2936 posts

Posted on 9/21/18 at 9:56 am to BigOrangeVols

i was following this thread; and was just curious if anyone had any updated advice after the edit of the OP from 9-20 with more info???

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