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Posted on 2/14/24 at 5:09 pm to El Segundo Guy
Sure you do broke dick
Posted on 2/14/24 at 5:10 pm to El Segundo Guy
quote:
I'd keep it in cash. I keep 50-60k in cash in one of my gun safes because you just never know.
That’s probably one of the worst possible things he could do with it. It’s very risky because you could lose it all in a house fire or if someone breaks into your safe. It also earns no return at all and loses value each year because of inflation.
I would compare that to the biblical parable when the servant entrusted with one talon buries it out of fear and earns no return for the master.
This post was edited on 2/14/24 at 5:11 pm
Posted on 2/14/24 at 5:11 pm to baw2002
Pay off what's left of our only 1 car note. Pay off some medical debt, invest the rest.
Posted on 2/14/24 at 5:24 pm to baw2002
I would just cut out the middle man and wire it directly to Ukraine.
Posted on 2/14/24 at 5:25 pm to baw2002
Buy some groceries
Posted on 2/14/24 at 5:27 pm to baw2002
Depends on 2 things:
1. As someone else mentioned, Does the government know about it?
2. Does my wife know about it?
1. As someone else mentioned, Does the government know about it?
2. Does my wife know about it?
Posted on 2/14/24 at 5:35 pm to tylerlsu2008
quote:
Are you just throwing out terms you heard somewhere???So what is your personal IRR to make an investment decision?
I do this for a living...
15-20% IRR for a ~five-year hold period subject to distribution waterfall terms as outlined in a limited partnership agreement
Posted on 2/14/24 at 5:36 pm to baw2002
Same thing I do on the first of every month.
Am I doing this right?
Am I doing this right?
Posted on 2/14/24 at 5:39 pm to Chad504boy
quote:
Report it to IRS.
Don’t worry. If it’s inheritance you’re exempt from taxes until it’s $5 million the last time I checked.
First thing to do is pay off any debts if you have any. Credit card, car loan, etc.
After that, put it in a low cost growth ETF (Vanguard, Fidelity) and don’t touch it. The S & P 500 (largest 500 companies in America) averages 9.5% per year going back 30 plus years. You won’t get that kind of return anywhere else.
This post was edited on 2/14/24 at 5:42 pm
Posted on 2/14/24 at 5:39 pm to baw2002
Get the frick out of Louisiana.
Posted on 2/14/24 at 5:39 pm to baw2002
New car
Posted on 2/14/24 at 5:42 pm to baw2002
Split it between a SP500 and Growth ETF evenly. VUG and VOO. Wouldn’t spend a dime of it.
That’s what I’ll do with my bonus which will be more than that.
That’s what I’ll do with my bonus which will be more than that.
This post was edited on 2/14/24 at 5:51 pm
Posted on 2/14/24 at 6:36 pm to baw2002
I’m shopping for a truck so I’d plop that down for one! 
Posted on 2/14/24 at 6:37 pm to baw2002
Start a business! Will be WAY better returns than anything else suggested.
Posted on 2/14/24 at 6:38 pm to baw2002
Some people may scoff at this, but storage units are booming. Young and old people alike are unable to get rid of their shite and resorting to storage units now more than ever. I’ve even heard of mofos living in them. Owning storage units is like printing money right now.
Posted on 2/14/24 at 6:39 pm to baw2002
I recently inherited a little money. Put 35k in a 4 month CD at 5.2 percent until I decide what to do with it. Another 20k in my money market savings at 4 percent interest. Left 10k in my checking for ordinary expenses.
Posted on 2/14/24 at 6:39 pm to baw2002
Buy some more land
Posted on 2/14/24 at 6:41 pm to WonPercent
quote:
If you have any high interest credit cards I’d pay those off first.
What idiot doesn’t pay off their credit cards in full every month? Paying interest is for suckers.
Posted on 2/15/24 at 9:41 am to cbree88
quote:
I'd keep it in cash. I keep 50-60k in cash in one of my gun safes because you just never know.
quote:
That’s probably one of the worst possible things he could do with it
If that's the worst thing he can do with it then the second worse thing is announcing it on the internet
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