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Started By
Message
Where to put money?
Posted on 10/19/23 at 8:14 am
Posted on 10/19/23 at 8:14 am
Have 401k, 529, custodial, roth, taxable, a few multi-family properties. Now what? I feel foolish dumping more into the markets and I can't handle more RE due to time constraints.
Are there any truly passive business opportunities?
Any other ideas?
Are there any truly passive business opportunities?
Any other ideas?
15
Posted on 10/19/23 at 8:20 am to Dandaman
Sounds like you've got the bases covered.
Self-storage?
Self-storage?
Posted on 10/19/23 at 8:42 am to Dandaman
Vacation? Charity? Church?
This post was edited on 10/19/23 at 8:43 am
Posted on 10/19/23 at 9:22 am to Dandaman
quote:
Have 401k, 529, custodial, roth, taxable, a few multi-family properties. Now what? I feel foolish dumping more into the markets and I can't handle more RE due to time constraints.
Are there any truly passive business opportunities?
Any other ideas?
None that come to mind. You may want to do some research on the best performing assets over the last 10 years and see if anything stands out as interesting and something you don't already have exposure to.
Also, if you like RE, get involved in a private fund. I'm in a syndication that focuses on finding underdeveloped markets in senior housing, building, stabilizing and then selling. Rinse and repeat. The returns have been 20% - 25% for the last 5 years.
You can find lots of these types of funds on Bigger Pockets and talking to the people there. Just do your DD on the leader of the syndication and keep in mind the current macroeconomic conditions. In my opinion, it is a little more risky than normal right now with demand dropping.
Posted on 10/19/23 at 10:03 am to Dandaman
You have a very nice diversified portfolio - I'd add to the bitcoin pillar if you have no exposure. Forget looking at the daily/weekly swings of it and focus on the long term nature.
Posted on 10/19/23 at 10:11 am to Dandaman
If you are really out of ideas, just stay liquid and collect 5.5%.
Posted on 10/19/23 at 10:13 am to Dandaman
quote:Mortgage bonds (RMBS, MBS, etc.) are a great value right now - probably the cheapest they've been since the GFC.
Where to put money?
Posted on 10/19/23 at 10:39 am to TigerTatorTots
quote:
You have a very nice diversified portfolio - I'd add to the bitcoin pillar if you have no exposure.
Oh wow. I just looked and Bitcoin is the #1 performing asset over the last 10 years.
Amazing. Had no idea.
Posted on 10/19/23 at 12:53 pm to SloaneRanger
Only issue with cash yield is it’s going to be taxable income in a brokerage account. It’s not bad but depending on income it can hurt if too much in high marginal bracket.
Just put it on autoinvest and sit back and relax. If you don’t need the money any time soon then plug it into the market and collect a base of dividends (probably 1/2 the rate of money markets currently) so it should become more tax efficient long-term.
Just put it on autoinvest and sit back and relax. If you don’t need the money any time soon then plug it into the market and collect a base of dividends (probably 1/2 the rate of money markets currently) so it should become more tax efficient long-term.
Posted on 10/19/23 at 1:12 pm to lynxcat
Nothing wrong with your suggestions. But I would add that if he put a portion in treasuries (in a taxable brokerage account or held through Treasury Direct), he'd avoid state & local taxes, although not federal. And if held to maturity, there's almost no risk to principle.
He didn't mention his age or portfolio allocation percentages, so there's no way to suggest anything more than generalities.
He didn't mention his age or portfolio allocation percentages, so there's no way to suggest anything more than generalities.
Posted on 10/19/23 at 2:29 pm to TigerTatorTots
quote:
You have a very nice diversified portfolio - I'd add to the bitcoin pillar if you have no exposure
THIS. Learn self-custody.
Posted on 10/19/23 at 2:40 pm to Dandaman
quote:
Any other ideas?
HSA available?
Posted on 10/19/23 at 3:06 pm to Dandaman
PUT IT ALL IN CELSIUS
GUARANTEED 10% RETURNS
ZERO RISKS
DO IT NOW HURRY!!!!!!!!
GUARANTEED 10% RETURNS
ZERO RISKS
DO IT NOW HURRY!!!!!!!!
Posted on 10/19/23 at 4:18 pm to Dandaman
I would either look into private equity (depending on the capital requirements) or just hide out in a money market. If you've really just got a ton of extra money burning up buy a few vacation rentals and pay a property manager to run them for you.
My dumbass is looking into junk bonds.
My dumbass is looking into junk bonds.
Posted on 10/19/23 at 4:29 pm to Dandaman
quote:Investment properties that you can enjoy, even if you don't rent. If you live near a beach, lake, mountain range and can do a get away location, it might do nicely if you can catch a deal. It did for us.
I can't handle more RE due to time constraints
Posted on 10/20/23 at 4:54 pm to Dandaman
3 Year annuity at 6%?
I also second the properties in a nice area that you could visit but don't need to worry about cash flow. (A mountain home for example).
I also second the properties in a nice area that you could visit but don't need to worry about cash flow. (A mountain home for example).
Posted on 10/20/23 at 4:59 pm to jsquardjj
quote:
3 Year annuity at 6%?
No.
Posted on 10/20/23 at 5:13 pm to jsquardjj
quote:
3 Year annuity at 6%?
F no
Posted on 10/20/23 at 5:24 pm to Dandaman
quote:
feel foolish dumping more into the markets
Not exactly sure of your context, but feeling like this is typically the best time to do it.
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