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10,000.00...where would you invest

Posted on 11/23/20 at 5:12 am
Posted by tigers1956
baton rouge
Member since Oct 2008
4837 posts
Posted on 11/23/20 at 5:12 am
I'm 30 years old and I inherited ten thousand dollars...where would you invest this money long term for the next 35 years...
Posted by dirtsandwich
AL
Member since May 2016
5260 posts
Posted on 11/23/20 at 5:50 am to
A low cost and/or no fee equity index funds is probably the right answer. Some would consider a target date fund that would rebalance over time. But you could get a lot riskier than that or a lot safer if you wanted.

The amount itself isn’t of much help without knowing what it means to you (once in a life time event, 10% of your annual income, your annual gambling budget, etc). You’d also want to consider the chance that you will need access to the money, your other investments including the investment themselves and what type account they’re in, and your risk tolerance/investment discipline. You will probably get some specific security recommendations here but they aren’t worth a lot without this info, at least in my opinion.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11695 posts
Posted on 11/23/20 at 6:01 am to
VTSAX
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/23/20 at 7:28 am to
XRP and DOT
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
2951 posts
Posted on 11/23/20 at 7:48 am to
iShares Russell Top 200 Growth ETF IWY
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10451 posts
Posted on 11/23/20 at 7:54 am to
If you don't touch for years, a nice mutual fund. If you want to make some excellent money over the coming months, Chinese EV companies like NIO or XPEV.
Posted by Spec1
Lost but making good time
Member since Jan 2015
1983 posts
Posted on 11/23/20 at 8:15 am to
NIO & PLTR

Your welcome
Posted by Auburn1968
NYC
Member since Mar 2019
20062 posts
Posted on 11/23/20 at 8:22 am to
Standard Lithium.
Posted by Nguyener
Kame House
Member since Mar 2013
20603 posts
Posted on 11/23/20 at 9:36 am to
VTSAX
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71800 posts
Posted on 11/23/20 at 7:14 pm to
Might want to grab stocks that were beat up by the pandemic. Oil, airlines, hotels, cruises, luxury makeup brands.

Rather than list specific stocks, I'll give you guidelines. Look for stocks in those categories that meet the following conditions:

- Closer to the 52 week low than the 52 week high. They still have room to bounce back.

- Dividend stocks. You might have to look up the dividend history because in some cases the earnings, and dividends, from recent quarters might be artificially low. (Even better if the normal dividends are still being paid.) You're going for a high yield here. If you can find a stock that pays $1 a quarter and is artifically cheap ($40 a share), you're getting a 10% yield as long as you hold it in addition to the gains from selling later at a higher price.

- Relatively low debt load. If a company has a liability to asset ratio of 95% it might not be able to hold on for another six months. 60%, it should be able to borrow money at a reasonable rate if needed.

I'm currently up 58% for the year in unrealized gainz. I opened my account when the market tanked.
Posted by ProbyOne
Louisiana
Member since Dec 2004
1917 posts
Posted on 11/23/20 at 8:02 pm to
75% nasdaq & s&p
25% bitcoin & ethereum

Ymmv
Posted by TheWalrus
Member since Dec 2012
40970 posts
Posted on 11/23/20 at 11:36 pm to
I’d dump it all in a S&P 500 mutual fund
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 11/24/20 at 3:16 am to
GNUS and GEVO
Posted by leeman101
Huntsville, AL
Member since Aug 2020
1529 posts
Posted on 11/24/20 at 7:09 am to
If you want to gamble - GE and AMD

For the dividends - IBM, RDS-B (royal dutch shell) and MMM.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
5153 posts
Posted on 11/24/20 at 2:04 pm to
I asked this exact question in 1991 and was told GE by everybody
So be careful
Posted by RonLaFlamme
Baton Rouge
Member since Nov 2016
1721 posts
Posted on 11/24/20 at 4:26 pm to
BTC
Posted by Grinder
Member since Nov 2007
1867 posts
Posted on 11/24/20 at 9:51 pm to
Half VTI, Half VGT
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5972 posts
Posted on 11/25/20 at 7:16 pm to
Bitcoin. You're welcome. Thread has been bookmarked to be revisited in 2022.
Posted by FigerTan
Member since Jan 2016
67 posts
Posted on 11/25/20 at 8:50 pm to
PIC! A SPAC about to merge with XL Fleet, which is a company with a proven record in the EV industry.
This post was edited on 11/25/20 at 9:01 pm
Posted by bayoumuscle21
St. George
Member since Jan 2012
4646 posts
Posted on 11/25/20 at 9:24 pm to
quote:

next 35 years


Throw it in a mutual fund and forget about it.
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