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Getting In and Where To Go?

Posted on 3/7/25 at 2:53 pm
Posted by VOL IN
Lincoln Parish
Member since Jul 2021
13 posts
Posted on 3/7/25 at 2:53 pm
Smart people on here so would like an opinion.

My wife and I have been blessed and put ourselves in a good position. Have some savings sitting in a savings account earning 5% but I have the itch to enter into something broad and try to earn double that amount. Is this smart or just greed?

Wife and I are 46 with 4 daughters. My mom lives with us. Dream home paid off (built in 18). First home paid off and rented and additional rent house that is paid off. Bought third rental about a year ago that is financed but rent covers payment. Own half of a lake home that is paid off. Our imaginary money in 401 and Roths just crossed 1 mil.

Have a Schwab account (some play money in the playfull company SLI) so I have been looking at SCHG as a possibility. Thoughts on nice broad/conservative options?

Also if I take the leap, lump sum DCA or hybrid?

Thanks for you time.
Posted by bayoubengals88
LA
Member since Sep 2007
21058 posts
Posted on 3/7/25 at 3:04 pm to
quote:

My wife and I have been blessed


quote:

My mom lives with us.


Your wife disagrees.
————

You have a million at invested at 46 plus real estate. Just buy SCHB or the equivalent and call it a life.
It does t sound like you have the stomach or the need to go crazy with individual names.
This post was edited on 3/7/25 at 3:06 pm
Posted by Tifway419
Member since Sep 2022
1225 posts
Posted on 3/7/25 at 3:40 pm to
quote:

4 daughters. My mom lives with us.
quote:

Own half of a lake home
On Lake Estrogen?
Posted by beaverfever
Little Rock
Member since Jan 2008
34210 posts
Posted on 3/7/25 at 10:01 pm to
quote:

Our imaginary money in 401 and Roths

Posted by KWL85
Member since Mar 2023
2238 posts
Posted on 3/8/25 at 9:09 am to
Put some money in a Roth if income allows. A nice broad/conservative option is the s&p500. You might also research Berkshire Hathaway. Both are great buy and hold choices.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3374 posts
Posted on 3/8/25 at 9:44 am to
Buy AMD and tell all your country club friends so I can get my money back
Kidding.. On a serious note, S&P’s the choice for me.
Posted by tigerbacon
Arkansas
Member since Aug 2010
4163 posts
Posted on 3/8/25 at 10:07 am to
Half in VOO and half in QQQ
Posted by CharlesUFarley
Daphne, AL
Member since Jan 2022
720 posts
Posted on 3/8/25 at 5:23 pm to
It seems that you are already successful doing what you are doing. If you are good at what you are doing (rentals), why not just do more of that?
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