What should we do with $96,000? (1 Viewer)

[-fish-]

9.6 million wheatback pennies

 

[Fennis]

quit working for the next 10 years

 

[jason12vb]

As others have said, roll it into an IRA....that should be a given.

Since you aren't a market guy I'd put it into an S&P ETF that pays dividends (like SPY). Surprised to see multiple suggestions for Retirement date funds...I might have to go back and look at those again

 

[chauncey]

buy a really nice car, spend the rest on a very nice vacation. #### the wait till 66 to enjoy it. do something fun while still young.

Or go get 48,000 #######s from that hooker in the alley.

 

[Fennis]

buy a really nice car, spend the rest on a very nice vacation. #### the wait till 66 to enjoy it. do something fun while still young.

Or go get 48,000 #######s from that hooker in the alley.

unless ######s = two dollar bills, I don't know what you are getting 48,000 of.

 

[Jayrok]

It depends on your current age.

 

[Dentist]

As others have said, roll it into an IRA....that should be a given.

Since you aren't a market guy I'd put it into an S&P ETF that pays dividends (like SPY). Surprised to see multiple suggestions for Retirement date funds...I might have to go back and look at those again

Retirement Date Funds aren't the absolutely optimal strategy. But they are the best strategy for people who don't know anything about investing, won't rebalance themselves, or would otherwise put the money with an expensive financial adviser that would put the money in active mutual funds.

Retirement Date funds are like Accepting a B grade for doing almost no work. That's a pretty damn good grade for doing almost no work. You could probably do better and get an "A" but it will take hours of financial research and maintenance.

Take the B and move on.

 

[ClownCausedChaos2]

Mayonnaise.

 

[jamny]

I have some shares in the Brooklyn Bridge I could sell you. It's a great investment!

 

[danielmclark]

If you're asking here I assume you know nearly nothing about money.

Roll it into an IRA, put all your money into a target date retirement fund

They have one for just about every 5 years.. so if you want to retire in 25 years i'd pick the Vanguard 2040 or 2045 fund.

Done

That is, regrettably, correct. It's like I said, I can manage basic banking and credit, but anything more advanced and I have very little experience. Thanks for the feedback, I'll look into a Vanguard fund.

 

[St. Louis Bob]

Over 19% annually since the mid 2000's? Tell Satan I said hey.

 

[phrozen]

drive to Kansas City and get $96,000 worth of dental work from Dentist

and a dump on the chest

 

[Buck Bradcanon]

Your wife is cheating on you.

 

[SHIZNITTTT]

drive to Kansas City and get $96,000 worth of dental work from Dentist

and a dump on the chest

1 root canal and stinky chest

or have fun with it while you are young. !

 

[Politician Spock]

Roll it over to an IRA, but wait until the market corrects 10% this year before buying some funds.

 

[jason12vb]

As others have said, roll it into an IRA....that should be a given.

Since you aren't a market guy I'd put it into an S&P ETF that pays dividends (like SPY). Surprised to see multiple suggestions for Retirement date funds...I might have to go back and look at those again

Retirement Date Funds aren't the absolutely optimal strategy. But they are the best strategy for people who don't know anything about investing, won't rebalance themselves, or would otherwise put the money with an expensive financial adviser that would put the money in active mutual funds.

Retirement Date funds are like Accepting a B grade for doing almost no work. That's a pretty damn good grade for doing almost no work. You could probably do better and get an "A" but it will take hours of financial research and maintenance.

Take the B and move on.

Sure, it's way better than most alternatives ...but are they really "the best"? I don't know the answer, but from what I've read I'd be inclined to bet on the S&P over the next 20 years than I would a target fund.

That being said, I've also read multiple sources touting Vanguards date offerings.

 

[xulf]

Let Eminence run it for you. Guaranteed 1,000,000,000,000,000,000,000,000,000,000,000,000,000,000% return by the end of the week.

 

[Dentist]

As others have said, roll it into an IRA....that should be a given.

Since you aren't a market guy I'd put it into an S&P ETF that pays dividends (like SPY). Surprised to see multiple suggestions for Retirement date funds...I might have to go back and look at those again

Retirement Date Funds aren't the absolutely optimal strategy. But they are the best strategy for people who don't know anything about investing, won't rebalance themselves, or would otherwise put the money with an expensive financial adviser that would put the money in active mutual funds.

Retirement Date funds are like Accepting a B grade for doing almost no work. That's a pretty damn good grade for doing almost no work. You could probably do better and get an "A" but it will take hours of financial research and maintenance.

Take the B and move on.

Sure, it's way better than most alternatives ...but are they really "the best"? I don't know the answer, but from what I've read I'd be inclined to bet on the S&P over the next 20 years than I would a target fund.

That being said, I've also read multiple sources touting Vanguards date offerings.

Do you really know what a target fund is?

It's just an allocation divider.... for instance are you 100% stocks with your investments? no bonds at all? No intention of ever having any bonds?

If so then a target fund wouldn't be for you.

But like a Vanguard target fund is generally only made up of about 3-4 funds.. usually their Total U.S. Stock Market Fund (more like the Russell 3000 than the S&P 500, but they track similarly), an International Index Stock Fund, and then a Bond Fund.

It's still index funds... and still largely U.S. Stocks... but throwing in just a little international flavor and some bonds.

But the % of bonds gets more as you age.

 

[jason12vb]

As others have said, roll it into an IRA....that should be a given.

Since you aren't a market guy I'd put it into an S&P ETF that pays dividends (like SPY). Surprised to see multiple suggestions for Retirement date funds...I might have to go back and look at those again

Retirement Date Funds aren't the absolutely optimal strategy. But they are the best strategy for people who don't know anything about investing, won't rebalance themselves, or would otherwise put the money with an expensive financial adviser that would put the money in active mutual funds.

Retirement Date funds are like Accepting a B grade for doing almost no work. That's a pretty damn good grade for doing almost no work. You could probably do better and get an "A" but it will take hours of financial research and maintenance.

Take the B and move on.

Sure, it's way better than most alternatives ...but are they really "the best"? I don't know the answer, but from what I've read I'd be inclined to bet on the S&P over the next 20 years than I would a target fund.

That being said, I've also read multiple sources touting Vanguards date offerings.

Do you really know what a target fund is?

Yes, but even though I lean towards thinking they might not be "the best" option I didn't want to be dismissive since I cannot put myself in the shoes of the OP and hoped to learn something by this thread.

All I will offer you and the OP is that a target fund should not be a buy and forget about it thing like their name suggests....and inherently what someone who doesn't want to deal with money might think you are suggesting. A couple of down years followed by increasing the bond % can hurt someone who's in the wrong fund as much as other "B" strategies, and that doesn't even take the fees into account.

Obviously you know that and I mean do disrespect.. I'm just not sure your advice included it here.

 

[Politician Spock]

Roll it over to an IRA, but wait until the market corrects 10% this year before buying some funds.

 

[Dr Oadi]

Give me a 96,000 interest free loan repayable in 30 years.

 

[SacramentoBob]

How large of a statue of Robocop could be built with that kind of money?

I'm asking for a friend.

For Wheelhouse?

 

[Dentist]

As others have said, roll it into an IRA....that should be a given.

Since you aren't a market guy I'd put it into an S&P ETF that pays dividends (like SPY). Surprised to see multiple suggestions for Retirement date funds...I might have to go back and look at those again

Retirement Date Funds aren't the absolutely optimal strategy. But they are the best strategy for people who don't know anything about investing, won't rebalance themselves, or would otherwise put the money with an expensive financial adviser that would put the money in active mutual funds.

Retirement Date funds are like Accepting a B grade for doing almost no work. That's a pretty damn good grade for doing almost no work. You could probably do better and get an "A" but it will take hours of financial research and maintenance.

Take the B and move on.

Sure, it's way better than most alternatives ...but are they really "the best"? I don't know the answer, but from what I've read I'd be inclined to bet on the S&P over the next 20 years than I would a target fund.

That being said, I've also read multiple sources touting Vanguards date offerings.

Do you really know what a target fund is?

Yes, but even though I lean towards thinking they might not be "the best" option I didn't want to be dismissive since I cannot put myself in the shoes of the OP and hoped to learn something by this thread.

All I will offer you and the OP is that a target fund should not be a buy and forget about it thing like their name suggests....and inherently what someone who doesn't want to deal with money might think you are suggesting. A couple of down years followed by increasing the bond % can hurt someone who's in the wrong fund as much as other "B" strategies, and that doesn't even take the fees into account.

Obviously you know that and I mean do disrespect.. I'm just not sure your advice included it here.

Well i think we can at least both agree it's far better off than doing nothing or not being invested at all, which is what a lot of people do... they are so paralyzed by fear of making the wrong choice that they make no choice.. which is worse than making a choice that would earn them a B or C grade.

If you're near 100% cash like far too many people i know that are in their 30's 40's or even low 50's then you're going to need an ungodly amount of money to have a decent retirement.

 

[Long Ball Larry]

How old are you?

How old are you?

also s/l please.

 

[VA703]

penny stock for Canadian marijuana growers

 

[Sarnoff]

How large of a statue of Robocop could be built with that kind of money?

I'm asking for a friend.

For Wheelhouse?

Let's just say it's on the table.

 

[TheIronSheik]

Buy some used cell phones and sell them for a profit. $96,000 is pretty good seed money.

 

[Politician Spock]

Roll it over to an IRA, but wait until the market corrects 10% this year before buying some funds.

 

[Timmay]

Bet it all on the Super Bowl, you can almost double your money (minus juice). Over 47.

You should of listened to me.

 

[Rattle and Hum]

Consider a SDIRA. Don't buy real estate but purchase a couple seasoned 10%+ land contracts at 75-80% of value. Make sure there is plenty of equity and a good payback history.