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Started By
Message
Need Help Investing $30k
Posted on 7/20/20 at 2:16 pm
Posted on 7/20/20 at 2:16 pm
Sorry, not OT Rich or Money Talk rich.
I have $30k I'd like to safely invest with medium risk.
I really don't know where to start.
Help and suggestions appreciated.
I have $30k I'd like to safely invest with medium risk.
I really don't know where to start.
Help and suggestions appreciated.
7
Posted on 7/20/20 at 2:24 pm to Got Heeem
Vanguard ETF or Mutual fund.
ETA: Give us more info. Do you have a Roth or other investment accounts?
ETA: Give us more info. Do you have a Roth or other investment accounts?
This post was edited on 7/20/20 at 2:26 pm
Posted on 7/20/20 at 2:28 pm to Got Heeem
How long do you plan on investing this money for?
Posted on 7/20/20 at 2:30 pm to Brobocop
quote:Just starting out.
ETA: Give us more info. Do you have a Roth or other investment accounts?
I'm a beginner.
Posted on 7/20/20 at 2:32 pm to ItzMe1972
quote:Good question. I have $45k stashed away and would feel comfortable hanging on to the 15k and investing the 30k for now. That gives me an emergency fund to invest longer.
How long do you plan on investing this money for?
Thanks for the patience. I suck at this.
Posted on 7/20/20 at 2:35 pm to Got Heeem
Open a roth IRA, put 6k in there and put it into vtsax.
Do you have a 401k? If so, up your contribution to hit the 19500 yearly maximum.
After that, dump the remainder into a low cost total market fund (like vtsax)
Do you have a 401k? If so, up your contribution to hit the 19500 yearly maximum.
After that, dump the remainder into a low cost total market fund (like vtsax)
This post was edited on 7/20/20 at 2:36 pm
Posted on 7/20/20 at 2:40 pm to JohnnyKilroy
quote:Nope
Do you have a 401k
Thanks guys
Posted on 7/20/20 at 2:52 pm to Got Heeem
TSLA
Posted on 7/20/20 at 3:14 pm to Got Heeem
quote:
Thanks for the patience. I suck at this.
Everyone on here started out exactly like you, so don’t worry about it. Before Covid-19 you would have gotten some great responses. You will still get some good advice now, but the OT seems to have crept this way. I’ll defer to others on advice. Best of luck!
Posted on 7/20/20 at 3:18 pm to TravisFisk
dude...
go huckster somewhere else.
this is board is not a stack of leads for you
go huckster somewhere else.
this is board is not a stack of leads for you
Posted on 7/20/20 at 3:24 pm to TravisFisk
Forgive cgrand, he isn’t the best with words and dealing with people sometimes.
I think what he meant to say was, go frick yourself you bottom-feeding shite stain.
I think what he meant to say was, go frick yourself you bottom-feeding shite stain.
Posted on 7/20/20 at 3:25 pm to Got Heeem
what's your age? might set you for an application to our trading army.
Posted on 7/20/20 at 3:31 pm to Mr Perfect
nm
This post was edited on 7/20/20 at 9:52 pm
Posted on 7/20/20 at 3:39 pm to TravisFisk
quote:
OK Boomer
Ironic response. From the guy who probably relies on hustling boomers all day. Your “services” for the average Joe are obsolete.
The only need for advisors are very high net worth individuals.
Posted on 7/20/20 at 3:42 pm to TigerDeBaiter
And to the OP. Open a brokerage and buy a mix of growth, value, and dividend ETFs. Dollar cost average into them monthly over the course of 6-12 months. That is a relatively lower risk strategy IMO.
Posted on 7/20/20 at 5:22 pm to TravisFisk
quote:
TravisFisk
this clown has provided us his phone number, and a website within which his email address is easily found. Do with that information what you think is best
I just signed him up for the NRA
Posted on 7/20/20 at 6:43 pm to Got Heeem
Qqq
Posted on 7/20/20 at 7:00 pm to cgrand
I’ll sign him up for youporn premium
Posted on 7/20/20 at 7:12 pm to Pendulum
"Qqq"
I second that! Most of my stocks/equities are in QQQ.
Technology is the future!
I second that! Most of my stocks/equities are in QQQ.
Technology is the future!
Posted on 7/20/20 at 7:18 pm to Got Heeem
quote:
Nope
Thanks guys
Ok so what's your plan for this money? Set it and forget it? Retirement?
If you have a long time horizon just start with the IRA like I said in the previous post and then open up a brokerage and buy 80% VTSAX and then 20% of a total US Bond fund.
It's not sexy, but it will probably be the easiest and least volatile way to make decent returns. Sure if there's a global meltdown you will get crushed, but remember that it's only temporary. Don't panic sell to "cut your losses" on a total market fund.
Do what I said and that 30k will be 120-140k (or maybe even a little bit more) in 20 years.
If your time horizon is much shorter, that changes the calculus a little bit.
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