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/biz/ - Business & Finance

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15619994 No.15619994 [Reply] [Original]

If you inherited 230k USD what would you do with it?

>inb4 buy this shitcoin

>> No.15620004
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15620004

>>15619994

>> No.15620015

Buy 2 rental properties on 10 year loans with 50% down each.

>> No.15620022

buy 3 rental properties on loan for passive income

>> No.15620028

>>15620004
I've got shitcoin exposure

>> No.15620032

Buy 20 rental properties in India

>> No.15620035

>>15620022
no. 3 properties on 30% down ignore poster above.

also. store money in index fund in meanttime.

>> No.15620040

>>15619994
all in shitcoin and make 100 mil in 2 years

>> No.15620043

>>15620028
buy bonds or stocks with an ROI of 6% annually then lmao, assuming a recession doesn't take out 30% of your money

>> No.15620053

>>15620022
>>15620015
What if I currently have no place to live

>> No.15620072

I would save it and try to hedge a part with silver and similar assets (depending on the situation).
Most of it would remain on the savings account with a high interest rate.
If you spend too much you're literally a libtard and deserve to be poor.

>> No.15620087

>>15619994
>tithe (23k)
>pay off all debt except house , get to 20% equity in house so can rent it (40k total)
>get new bigger house (5% down)
>put about 100k into gold, silver, stocks, crypto and guns
would be sweet

>> No.15620090

Invest everything in Tezos and become a multi millionaire

>> No.15620100

>>15620072
Money is half mine. Other half wants to use half of it to buy a modest house and some land. Would it be better to buy this outright or large downpayment with small monthly mortgage?

>> No.15620103
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15620103

>>15619994

>> No.15620449

>>15620043
What shitcoins were you considering? I

>> No.15620477

>>15619994
put it all on black

>> No.15620530

>>15620100
If you know how to invest monthly payments 30-50% down and buy a rental property at 25% down. If you have enough left over get two.

>> No.15620583

>>15620449
buy a trezor (or more to be save, i have 3), buy 21 BTC, but them in cold storage, be looked upon as a genius in 2 years

>> No.15620587

>>15620053
Buy a duplex, rent half and live in the other half

>> No.15620597

>>15620477
this, but red

>> No.15620667

>>15620583
I don't control the money, it is my girlfriend's. She is willing to buy 1 or 2 BTC but is very conservative and won't go beyond that. She wants to get a small house with some land.

>> No.15620675

>>15619994
>50% bitcoin
>44% in gold or Swiss Frank
>5% LINK
>1% BSV (should be around 21 BSV)

Sell LINK after it pumps, it's dirt cheap as of right now. Sell BTC at the end of bull market. Bull market will end the moment mempool gets full yet again. In the last bear market ATH was at 17 december, while blocks have got full at 21 december. When it got full transactions costed up to $40. If BTC pumps to $100k, and blocks get full again, cost of transation will jump to $200, which is going to put BTC into another bear market. But after BTC dumps like 60%, rebuy 1 BTC, and keep it untill your retirement. And hold 21 BSV as a hedge to crippled bitcoin. After recession sell your gold for dirt cheap stocks, buy more stocks after you sell your BTC, after market is going to tank.

If you're going to do all of it, you won't have to worry about money ever again.

>> No.15620678

>>15619994
leverage trade away 80% of it like a degen

>> No.15620738

>>15619994
post tax inheritance?

200K on dividend growth stocks at about 3.5% yield. either ETF or individual stalwarts like JNJ, PG, KO, PEP etc. or a mix

20K on BTC

10K in emergency savings in online bank at 2%

Continue to reinvest dividends,

>> No.15620750

>>15619994
100x bitcoin long

do it faggot

>> No.15620810

>>15620675
When is the next bullrun you think? 2021?

>> No.15621078

>>15620738
>>15620675
OP here, it should be noted that the inheritance is my girlfriend's so she ultimately has final say. She wants to use a portion of the money to buy a small house and start a family together as we currently live with our respective parents while I finish school (we both also work FT). I can try to persuade her to make some investments but she is pretty risk averse and conservative and everything is ultimately her final say. I don't think she will go for buying more than 1 BTC as she doesn't know much about crypto and is afraid of the risk.

>> No.15621576

>>15621078
>I don't think she will go for buying more than 1 BTC as she doesn't know much about crypto and is afraid of the risk.
pussy
force her to research bitcoin
she doesnt even know what it is but of course she knows what it does typical normie retard only buying what mass media shills them

>> No.15621588
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15621588

>>15621078
>my gf’s money
Starting the cuck cycle early, and that’s a good thing!

>> No.15621593

>>15620750
you would get liquidated within hours

>> No.15621605

>>15620477
>>15620597

This, but on 24-black

>> No.15621683

>>15619994
Buy a rental property and put the rest into dividend stocks. Use divs to cover maintenance/unexpected expenses and feed the stock account with rent monies. Enjoy being a millionaire in a few years.

>> No.15621774

>>15621588
I've got my own 401k, crypto, and PM holdings and make decent wages (~45k) so not entirely cucked. I am thankful she wants to share with me instead of using it on normie trash like new iPhone, clothes, concerts, etc.

>> No.15621791

>>15621683
This is a nice idea. I can use my income to keep buying crypto so if it falls apart she won't resent me. Can this work if we also bought a small house?

>> No.15621832

>>15620015
>>15620022
>>15620035
Owning properties is simply not worth it. Renting is better than owning.

>> No.15621848

>>15621791
Yes. If it’s your first rental property you want to start small. A one bedroom cuck shed that you rent out to either an old person who cops a pension check or some young guy who’s never there because he’s waging all the time.

You should easily be able to get a rental property AND your own modest place for $130k with $100k left over for stocks.

>> No.15621870

>>15619994
Id buy btc

>> No.15621887

>>15621832
I've read info on this but ultimately we want land for animals and veggies and modifications without a landlord saying no

>> No.15621903

>>15619994
I would give some to my frens on biz.
Except pajeets, pakistani and other niggers

>> No.15621910

>>15620667
Your gf sounds based.

>> No.15621936

>>15621832
I’m up $50k on my house from last year. Dunno what dogshit market you’re looking at.

>> No.15621946

>>15621910
She is. She is quiet/shy and prefers staying in and playing video games to going out to bars or anything. She wants some land to care for horses, grow veggies, and raise kids. For my birthday this month she bought me some bourbon, 10 oz. of silver, and tiny amount of BTC.

>> No.15622061

>>15621774
~45k
By traditional metrics, that means you can afford a 150k house
Trailers on the north carolina border cost that much.

>> No.15622117

>>15620667
If I got 230k I'd buy ETFs and go NEET it up in EE on the 4% growth (800/month).

But I don't see how that helps you, if your gf wants to get a house with land then the entire sum is spoken for and then some. If she wants to raise horses then probably a lot more.

>> No.15622131

>>15622061
I'm back in school to finish my bachelors for better opportunities. I can find houses for that price in my area, I have my real estate license and helped find my friend a 3 BR 2 bath house for 140k a few months ago.

>> No.15622136

>>15622117
House and land is for when we get more established. I'm back in school to get my bachelors so she more wants a "starter house" just so we can have a place of our own.

>> No.15622152

pay off a house and buy a camper trailer. Work 30 hours a week and enjoy my hobbies

>> No.15622155

>>15620100
Downpayment with small mortgage as long as the other money is used for investing and not spent like a retard

>> No.15622169

>>15622155
We want to invest the money and use a portion for a small property for ourselves. No retarded normie spending

>> No.15622170

>>15619994
Fortnite Vbucks

>> No.15622190

>>15621946
Lucky cunt

>> No.15622200

>>15622190
It took 26 years for something to break into my favor 2 years ago.

>> No.15622212

>>15622169
Set yourself up an excel spreadsheet to calculate interest on mortgage versus higher exposure to stocks and bonds. Something as simple as that will teach you more about finance than 90% of the shitcoin peddlers on this board know.

>> No.15622221

>>15622212
Do you have any resources to direct me on the right path for that? I know almost nothing about investing beyond "put % each month into 401k"

>> No.15622222

>>15619994
invest in real esatate and a part of it investing in UOS for the future gaming industry

>> No.15622241

>>15621832
This is unironically the worst financial advice I’ve ever heard on this board

>> No.15622273
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15622273

>>15622222
Nice digits
>>15622221
Investopedia and youtube. Look up ETFs and learn how they differ from mutual funds. Click around on random related articles and videos.

Learn to use excel and basic functions in it. Set up a spreadsheet that let's you see how fast your investments grow at certain rates. The PMT() function will be your friend. Pic related is my spreadsheet.

>> No.15622279

Take advantage of the dollar pump and get the fuck out of this country, retiring somewhere cheap with a future.

>> No.15622323

>>15620015
No jews will give you a mortgage on those terms. Primary residence only. Nice try

>> No.15622332

100k into crypto 130k as a downpayment on a nice home in a large city that i'll airbnb to pay mortgage payments

>> No.15622334

>>15619994
literally all in Quant

>> No.15622370

>>15619994
all in BTC

>> No.15622372

These people are trolling op.
Real estate prices are too high to make money that way.

Just act like the money doesn't exist and get a job. Max your 401k and ira for as long as you can.

>> No.15622384

>>15622241
he is right for certain situations
buying land is great when it's not on some jew controlled city where the real estate prices are artificially jacked and the living cost is LA tier

>> No.15622391

>>15622372
>401k
trolling or retarded
>Just act like the money doesn't exist
massive blue pill even if LARPing

>> No.15622462

>>15619994
I'd buy 5 condos in Thailand for 40k each. 1 to live in and 4 to rent out for $500/month. That would give me $2k monthly for hedonistic lifestyle in the country of eternal sun. Last $30k I'd maybe keep for some extra expenses.

>> No.15622470

>>15621832
>dur hur passive income is dumb
You're retarded

>> No.15622784

>>15622462
>implying foreigners can own land in Thailand
It helps if you actually leave your basement sometimes

>> No.15622939

>>15620667
So she's inheriting money, and you want to piss it away on crypto? LOL. You're going to be single again in the near future.

>> No.15622988

>>15622784
He said condo, sperg. That's legal there. You can't buy land there outright as a foreigner.

>> No.15623089
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15623089

>>15619994
Get some BITG before you need to bike around to get it.

>> No.15623102

>>15622988
Thanks for sharing your knowledge of a degenerate shithole pedoguy.

>> No.15623257

>>15623102
> degenerate shithole
But he wasn't talking about the USA.

>> No.15623292

>>15622241
One situation I think of
Amass huge pile of money but less than $1m , live off few % interest/dividends/gains per year.
Never buying a house on a mortgage like other normies sink all their money into over their life

Live wherever you want in the world somewhere cheap never have to wageslave your life away again and can get buy on relatively casual employment

>> No.15623372
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15623372

230k isn't a whole lot of money. You sound (no offense, just drawing conclusions from your language/vocabulary and description of your life like you are in a rural or suburban area in flyover country, so your cost of living and local real estate prices are probably very very low.

I'd say use 150k to buy an okay house in a college town (you mentioned you were in school) within bus/walking distance of campus. This can be where you live for now, and when you're ready for a new place, you can rent it out to some responsible grad student or an adjunct. Put the rest in the bank and maybe invest like 20k of it in some dividend bearing blue chips. Either way, the important thing is to mostly just sit on it since she doesn't seem like she wants to do anything risky. Maybe use a chunk (not more than 10k, don't be stupid) on a wedding or honeymoon.

You sound happy, and she sounds happy. Put a ring on it sooner rather than later.

>> No.15623639

>>15622939
No, which is why I'm asking what you guys would do with it. I piss away a portion of income on crypto.

>> No.15623655

>>15623372
I've been phone posting so short responses for the most part. I live in SE PA about an hour outside of Philadelphia (mostly shithole territory). I'd say where I live is right on the border of suburbia and bumblefuck.

>> No.15624103

OP pay off any debts you have and then put the rest into a low risk bond fund until we go through a market correction and after that put the money in VTI.

>> No.15624560

>>15622462
Nobody is going to rent your shitty 40k condo for 500/month lmao. Buying condos in Thailand is the worst investment you can make