Started By
Message

What to do with $50K Right now?

Posted on 8/16/22 at 10:08 pm
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 8/16/22 at 10:08 pm
What would you do if you came into $50K.
Keep it liquid for the upcoming possible recession to buy in low?
Dollar cost average $500 per week?
Metals or Crypto?


* 30 year retirement horizon
This post was edited on 8/17/22 at 1:07 pm
Posted by bayoumuscle21
St. George
Member since Jan 2012
5012 posts
Posted on 8/16/22 at 10:38 pm to
Snap. Gap fill back up to 16. Give it a few weeks. You're welcome.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 8/16/22 at 11:09 pm to
Hookers and blow. Full Hunter Biden.

Seriously, I’d either pay off any debt above 3% interest rate, fund my Roth for the year, and then either index fund the rest or put in Ibond.
This post was edited on 8/17/22 at 6:49 am
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1582 posts
Posted on 8/17/22 at 1:28 am to
Hold hold
This rally can’t go on much longer.
Short the market
Posted by lynxcat
Member since Jan 2008
25032 posts
Posted on 8/17/22 at 3:22 am to
What is your time horizon for needing the cash? Retirement? Next year?
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 8/17/22 at 7:17 am to
This is a hypothetical situation.

I would be more interested hearing about in long term strategies tho as i am still 30 years from retirement so my style is pretty aggressive but with a longterm outlook. But just curious what the board thinks about what they could do now to set themselves up for the future with what may happen soon in America.
This post was edited on 8/17/22 at 7:18 am
Posted by makersmark1
earth
Member since Oct 2011
20466 posts
Posted on 8/17/22 at 7:37 am to
Dividend stocks.

Sometimes the dividend is a large portion of return.

If you have a market returning 6% per year, a 3% dividend would get you halfway there.

IF you can find companies with growing dividends, your yield on your basis could be really nice.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 8/17/22 at 7:53 am to
My thinking most of time:

What is my objective for that money?
How does it fit into overall financial plan?
What is my time horizon and risk tolerance?
What are tax efficiency considerations?

...did not want to hit you with "depends" answer. Depends on these to me.
Posted by SurfOrYak
BR/MsDelta
Member since Jul 2015
422 posts
Posted on 8/17/22 at 8:08 am to
quote:

what they could do now to set themselves up for the future with what may happen soon in America


Sounds like you just want to know what to buy for your bug out bag?
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 8/17/22 at 8:14 am to
What about I bonds

With $50K would $10K now and $10K in January be a decent idea or better to hopd cash instead of tying up the money for a year?
Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 8/17/22 at 8:51 am to
Crypto is at a discount as long as BTC is below $25k. Tech is going to move up first out of a recession and growth does better in a recession than value. I would put it in crypto and tech. I am not the best person to ask where to put money, though.
Posted by BlackAdam
Member since Jan 2016
7052 posts
Posted on 8/17/22 at 9:06 am to
This is an alternative answer, and definitely a lot of work...

As screwed up as supply chains are right now there is a lot of ROI in retail arbitrage. Buying pallets of merchandise online and selling items individually on sites like ebay and amazon has never been more lucrative. It is just a shitload of work.
Posted by tigermed
Member since Nov 2007
439 posts
Posted on 8/17/22 at 9:24 am to
All in on Gamecoin. Duh
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89316 posts
Posted on 8/17/22 at 9:33 am to
CELSISUS!!!!!!!!! DO IT NOW! HURRY!
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 8/17/22 at 10:12 am to
TZA - Short the hell out of small caps

Every single time these meme stocks flare up, small caps get crushed right after
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31732 posts
Posted on 8/17/22 at 12:53 pm to
I would either DCA at $2k/wk or use it as a down payment on a rental property.
Posted by geauxpurple
New Orleans
Member since Jul 2014
16637 posts
Posted on 8/17/22 at 1:15 pm to
Dollar cost average in to the Vanguard Total Stock Market Index.

Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 8/17/22 at 1:25 pm to
quote:

Short the market


Buying SPY puts or using futures?
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 8/17/22 at 1:56 pm to
This board has changed a lot in the past year.

A year ago most would tell you to put it into USDC getting a “risk free” 9% with Voyager or Celsius.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
6391 posts
Posted on 8/17/22 at 2:42 pm to
Short DWAC for sure

I'd wait when every one yell's short the market....buy!

I like AMZN in the long run they are raising prices and no one will care
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram