/biz/ - Business & Finance

>>628630
Coke and cars is probably the better way to go.

>>628630

Land in a growing city.

Atlanta, San Fran, Dallas, Seattle, etc..

Land is the ultimate investment.

If you invest in a good coastal property it can be worth 20x in 20 years.

>>628630

>Keep at least 6 months worth of expenses liquid at all time. Given that you're still a student and don't have a job secured, and given that the job market sucks, make it a year's worth.
>Open Vanguard account
>Dump half of yearly max into roth 401k, other half of yearly max into traditional 401k. disregard retards who think they can predict the future
>dump half of yearly max into roth ira, other half of yearly max into traditional ira. disregard retards who think they can predict the future.
>put the rest into a standard brokerage account.
>with 1/3rd of your investment portfolio, buy a no fee US index fund ETF. with another 1/3rd, buy a no fee foreign index fund ETF. with the final 1/3rd, buy a no fee long term bond ETF.

this is the simplest way to guarantee an 8% yield on your money. you don't need a financial advisor. you don't need to buy land or to become a landlord. this the most idiot proof, secure way to grow your wealth in the history of the world. it's a new age. anyone looking to take a commission to managing your portfolio is a con artist.

when you get your first job, save at least 15% of your earnings. with your nest egg your goal should be 8 figures by the time you die.

>>628644
I will save this on notepad and when I am educated enough to understand this I will look into it

>>628644

The OP didn't indicate that he had any income, which would be a hiccup in making IRA contributions.

>>628659

Right. Should have clarified that.

Hold off on the IRA contributions until you have earned income (ie. a job, not just dividends and capital gains). You can't contribute unearned income to an IRA.

Once you secure a job (you should get a part time one during school), start contributing as much as you can to your IRA. Follow the investment hierarchy above. Make sure you're hitting your annual maxes or else you're literally throwing away money.

>>628630
Id give first things first 100k to my brother sister and parents and invest half the rest, splurge on 1/4 and put in the bank 1/4

>>628685

>literally horrible advice

hidden

Pay any taxes you owe on the settlement first.
Put 1/3 in Berkshire Hathaway (ticker brk.a), 1/3 in S&P 500 ETF (SPY) and 1/3 in the technology sector (QQQ).

When it drops over 15%, which it will once every 5 years or so, don't sell. Don't ever panic and sell.

>>628736
brk.b instead of brk.a if you need to make the math work easier.

>>628676

Another vehicle once you get a job is an HSA with an HDHP. Contributions are triple tax-advantaged and the account acts as a traditional IRA after age 65 for non-health expenses. Given the unpredictable nature of one's health this should be slotted between debt and the Roth IRA on >>628644.

>>628630
Put it all on black and don't look back.

>>628630
Well can you tell us about the settlement? I'm kind of curious and wondering if I should sue someone and get that easy $$$

>>628685
so many problems with this post
>giving money to family, let alone women
>splurging 1/4