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A friend was given $10,000. Where is it best to place the money?

Posted on 8/6/21 at 10:01 pm
Posted by tigersint
Lafayette
Member since Nov 2012
3548 posts
Posted on 8/6/21 at 10:01 pm
What would you do with a $10,000 gift?
Posted by BigPerm30
Member since Aug 2011
25945 posts
Posted on 8/6/21 at 10:12 pm to
Ape NFTs
Posted by GrizzlyAlloy
Member since Aug 2020
1653 posts
Posted on 8/6/21 at 10:16 pm to
SLI
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 8/6/21 at 10:19 pm to
Pqeff
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 8/6/21 at 10:22 pm to
SLI, no brainer
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72683 posts
Posted on 8/6/21 at 10:33 pm to
HKRS

YAYO
Posted by bayoubengals88
LA
Member since Sep 2007
18945 posts
Posted on 8/6/21 at 10:39 pm to
TELL
Posted by AUCE05
Member since Dec 2009
42568 posts
Posted on 8/6/21 at 11:08 pm to
Load it up to coinbase and wait for eth to drop
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 8/6/21 at 11:12 pm to
market is going to trade sideways, with its ups and downs this year. That's my feeling and several other experts who are a lot smarter than me. I say crypto. Try to wait for a decent dip and go in. I waited for ETH to hit 1700ish for like the 3rd time in a 3 week span. Bought on the 3rd. It's working out.
This post was edited on 8/6/21 at 11:14 pm
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 8/6/21 at 11:14 pm to
BlockFi is better.
Posted by LatinTiger30
New Orleans
Member since Oct 2007
4428 posts
Posted on 8/6/21 at 11:37 pm to
Good luck.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30580 posts
Posted on 8/7/21 at 6:01 am to
Crypto
Posted by jmtigers
1826.71 miles from USC
Member since Sep 2003
4970 posts
Posted on 8/7/21 at 6:45 am to
VTSAX
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 8/7/21 at 7:00 am to
What are objectives and timeline for the money?

VTSAX is very well diversified and low cost
Posted by Bermuda99
Member since Jun 2021
107 posts
Posted on 8/7/21 at 7:14 am to
Payoff any high interest debt, then VTSAX.
Posted by Tshiz
Idaho
Member since Jul 2013
7586 posts
Posted on 8/7/21 at 7:32 am to
On black
Posted by Popths
Baton Rouge
Member since Aug 2016
3967 posts
Posted on 8/7/21 at 8:32 am to
I’d give it to my financial advisor to invest for me. My track record of trying to handle it on my own is not good. Pay the professionals unless you are one yourself.
Posted by skewbs
Member since Apr 2008
2008 posts
Posted on 8/7/21 at 8:57 am to
quote:

Pay the professionals unless you are one yourself.


Oh boy…

Which financial advisory firm do you work for?
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16989 posts
Posted on 8/7/21 at 9:16 am to
A cruise line. Wait until it you get 100% return then sell.
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 8/7/21 at 9:21 am to
half in qyld
half in nusi
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