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Started By
Message
WWYD if you were handed 50k
Posted on 2/14/24 at 11:38 am
Posted on 2/14/24 at 11:38 am
Invest? Stocks? Buy rental property? What is the best way to grow your money right now? Young investor (20s).
65
Posted on 2/14/24 at 11:38 am to baw2002
Hookers.
Blow.
Blow.
Posted on 2/14/24 at 11:39 am to baw2002
I'm middle age so I'd probably invest in aggressive mutual funds
Posted on 2/14/24 at 11:40 am to baw2002
Report it to IRS.
Nice try big guy.
Nice try big guy.
Posted on 2/14/24 at 11:40 am to baw2002
Purchase a 6month premium TD membership
Posted on 2/14/24 at 11:40 am to baw2002
Id probably do a little research and then post a more detailed and well thought out question on the Money Board
Posted on 2/14/24 at 11:43 am to baw2002
$5k to charity
Then, $45k in a syndicated commercial real estate limited partnership (preferably multi-family property development in a good market like AZ, TX, or FL) with a reputable private equity firm that has a low minimum investment amount. Let it sit until the development is sold and collect the return of capital and proceeds from the sale pro rata based on your ownership percentage in the partnership after say five years.
Note: This is not financial advice and investing involves risk including loss of investment capital.
Then, $45k in a syndicated commercial real estate limited partnership (preferably multi-family property development in a good market like AZ, TX, or FL) with a reputable private equity firm that has a low minimum investment amount. Let it sit until the development is sold and collect the return of capital and proceeds from the sale pro rata based on your ownership percentage in the partnership after say five years.
Note: This is not financial advice and investing involves risk including loss of investment capital.
This post was edited on 2/14/24 at 11:47 am
Posted on 2/14/24 at 11:44 am to baw2002
Ask the person handing it to me why they were handing me $50K.
Posted on 2/14/24 at 11:44 am to baw2002
If you have any high interest credit cards I’d pay those off first. From there it depends on how much risk you’re willing to assume. A one year CD would pay a decent return if you’re looking to do something safe. If you’re willing to take on more risk there’s the market and or crypto.
Posted on 2/14/24 at 11:45 am to Chad504boy
Buy ammo for when the IRS comes
Posted on 2/14/24 at 11:45 am to TravisKelces Bandaid
Okay Grant, make sure you 10x it too!
Posted on 2/14/24 at 11:46 am to baw2002
Buy 2 12-packs and a tank of gas with it...
Posted on 2/14/24 at 11:46 am to DCtiger1
quote:
Okay Grant, make sure you 10x it too!
Posted on 2/14/24 at 11:47 am to baw2002
Spend it on pod and bugs
You were born too late to live a good life sorry baw
You were born too late to live a good life sorry baw
Posted on 2/14/24 at 11:47 am to baw2002
Put a down payment on a rental property.. be smart and find a good location and price point that you can rent it out. Let someone else pay the note and you add monthly to the principal.. it’s a physical asset that someone else funds..
Posted on 2/14/24 at 11:48 am to baw2002
quote:
What is the best way to grow your money right now? Young investor (20s).
Give it to me and call me when you turn 65. You'll be glad you did.
Posted on 2/14/24 at 11:48 am to baw2002
Buy one BTC. You're 65 year old self will thank me
Posted on 2/14/24 at 11:48 am to baw2002
quote:
WWYD if you were handed 50k
quote:
baw2002
quote:
1 post
Posted on 2/14/24 at 11:49 am to baw2002
In order:
take a bomb arse vacation
Fund our Roth IRAs for the year
Kids custodial accounts with whatever remains
take a bomb arse vacation
Fund our Roth IRAs for the year
Kids custodial accounts with whatever remains
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