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/biz/ - Business & Finance

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26132439 No.26132439 [Reply] [Original]

I have inherited over $750,000 CAD, I know this is board is a bit of a meme but any meaningful investments I should think about? I know for a fact i'm going to buy this house valued at 500k as real estate seems to be a really good investment at any point of the market but what do you think I should do with the other 250k, I'm thinking of plopping 10k into GRT when it dumps a bit for sure, otherwise I'm stuck what to do with the remainder, some ideas i've had are...
>mutual fund
>go half and half with my cousin on another property also valued around 500k
>10k in stocks
>save it in a TFSA and learn a trade, invest in a company creating my own contracting business.

Thoughts? Also what would you do in my position, thanks.

>> No.26132675

>>26132439
You should not buy a house outright in this ultra low rate environment. Put a downpayment on it sufficient to avoid PMI and life insurance stipulations and earn returns on the reminder. Your rate is gonna be ~3%, you can make well in excess of 3% in stocks or whatever.
Putting 98.6% of it in just real estate is honestly really silly btw. $10k in stocks will do nothing for you.
>save it in a TFSA and learn a trade, invest in a company creating my own contracting business.
It's a decent idea but definitely the hardest option and least quantified.
Here's what you do. You get some real estate using the structure described above. You rent it out. Or live in it, I guess. Let's say two properties, 33% down, 500k each. Then you drop 300k in stocks (index funds - these tend to have better fee structures today than mutual funds) and 100k in cryptos. You give yourself the last 20k to consoom and get rid of that itch.

>> No.26132805

>>26132439
you sound very dumb to be honest, you will lose all that money with such a dumb mindset but sure, i'll bite:

DON'T BUY A HOUSE IN CASH RIGHT NOW ARE YOU RETARDED? they are printing money like there is no tomorrow and you want to be the little good goy that pays it off immediately? Only pay interest, outperform the interest EASILY on the market. Buy some stonks, some bitcoin, some ethereum, some gold, some silver, some shitcoins, some gardening equipment, some power tools and live the boomer dream while paying off a loan that shrinks automatically because rates are this low

>> No.26132813

>>26132439
goldman sachs etfs

>> No.26132904
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26132904

>>26132439
750,000 cad? what is that, like 40 bucks?

>> No.26132926

>>26132439
If you don’t buy 1k link you’re an idiot and hate money

>> No.26133042

>>26132439
If you're spending that much on a house, I don't see why you couldn't get a mortgage on it, dump your inheritance into low-risk ETF's with ~10-15% APY, and cover your payments with said returns and then some

>> No.26133132
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26133132

>>26132904
yeah

>> No.26133177

>>26132439
Green text your life and how the fuck you got that much money or fuck off larper

>> No.26133197

>>26132904
Laugh now, 4 years of biden and you'll wish you were holding our China backed maple bucks.

>> No.26133220
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26133220

https://www.yahoo.com/finance/news/joe-bidens-19-trillion-stimulus-plan-could-wreck-wall-streets-favorite-moneymaking-trade-141206523.html

Buy CLF

>> No.26133304

>>26133197
>implying maplebux aren't going to perform even worse due to weedman trudeau in charge

>> No.26133392

>>26132675
Saving this, very informative and makes a lot of sense to me, thank you.
>>26132805
I feel like I missed the BTC/Ethereum pump, would a fat stack on GRT and a smaller stack in Chainlink be preferable?
>>26133177
Both my parents passed away, split the inheritance with my brother.

>> No.26133501

>>26133392
Algorand is probably a safer bet than GRT tbqh fampai

>> No.26133571

>>26133304
First chance we get he's out.
We have already maximum sold out and devalued our dollar. We are already nearing our rock bottom, you have a long ass way to go still.

Just wait til those crazy socialist hags start bullying the old man into printing $$$ for neat bucks and he sends the remaining jobs to China.
All you guys have to look forward to under Biden is bombing sandniggers for 4 year, but that's gonna be followed by refugees tanking the west even further.

>> No.26133575

>>26133392
>Both my parents passed away
Sorry to hear that, anon.

>> No.26133611

>>26133392
Damn bro, sorry to hear that

>> No.26133648

>>26133575
>>26133611
Thanks, it sucks a lot and I'm pretty, I think I should feel sad but I just feel nothingness.

>> No.26133682

>>26132439
Buy RBC, it has dumped just now and it will pump X3 in the next few days.

>> No.26133684

>>26133648
Pretty numb*

>> No.26133690

>>26132904
Greeky poo a cute.

>> No.26133711

>>26132675
This very much. OP sorry for your loss, that must be real hard. Don't make the decision to buy a house rn, it's not a good investment at all.

OP you should listen to that anon, maybe start by putting 100k into crypto, by dcaing 10k every week. I suggest BTC as a safe bet, ALGO, ADA and GRT. Really high upside. It might safely make you millions. Hold for long term, don't look back.

Good luck in your life OP

>> No.26133743

>>26133648
I get it, I felt pretty similar when my mom passed

>> No.26133853

>>26133648
Don't worry about it man, people grieve and deal with loss in different ways.

>> No.26133860

>>26132439
why the fuck would you ask 4chan of all places for advice for anything? all the advice you're getting here is garbage. with 750k get a lawyer and financial advisor for christ sake.

>> No.26133892

>>26133711
>ALGO, ADA and GRT
BTC I get, but why these coins in particular?

>> No.26133926

>>26132439
>10% into gold maples
>10% into bitcoin
>10% into link
>20% as downpayment on house
>Rest into dividend paying commidity stonks to pay the mortgage on said house.

>> No.26133983

>>26133648
My mom died a year ago and I feel the same way. Cried a lot the week it happened, then would only cry once a month or so for 4 months. Now I feel nothing unless I'm explicitly reminded of her, then I'll feel sadness, but not to the point of crying.

>> No.26134204

>>26133926
>10% into gold maples
this nigga really out here investing in TREES

>> No.26135173

>>26132675
>>26132805
this doesnt sound intelligent. you want to give up the money to purchase an asset so you can hold what you were meant to pay upfront for the house, but instead keep it in risky assets, maybe even causing you to lose the house? im certain there was a scene in the big short where all the neighbors on the street were "stock" rich, whatever that means. you advocate for a volatile wealth instead of a stable one. lets also ignore famous economic aphorisms made before you were born and follow what everyone else does because we are all investing geniuses

>> No.26135973

>>26135173
refute this pls bros...

>> No.26136009

>>26132439
jesus the wealth transfer meme coming in the next few years was no joke kek. grats i guess. buy chainlink

>> No.26136540

>>26132439
don't put it in shitcoin, put it in safe plays such as btc or eth
u will feel sad if your investment in shitcoin goes down by a whole lot