The "I have XX money to invest, where should I put it?" Thread
Since there's a lot of overlapping advice going around, I've decided to create a new megathread dedicated to passive investing of a large lump sum. If you have a complicated situation, feel free to post a dedicated thread. Otherwise, all request for investing advice go in here.
PLEASE INCLUDE:
- Country you live in
- Income
- Risk Tolerance
- Timeframe for investment
- Debt
- Any other information you might have that would help us
All threads with a simple line "I have $XXXX, what should I do?" will now be deleted with no explanation given. Thank you.
6 Replies
Doing a bit more research I think I'm going to drop the 5% emerging markets.
It also looks like when you have a Canadian and US listed ETF (like VXC vs. VT) its slightly more expensive to hold the Canadian version in an RRSP due to US withholdings on dividends. So I'll probably switch from VXC to VT. Looks like the only complications is that I'll have to do the Norbert's Gambit to convert to USD. But Canadian Couch Potato has step-by-step directions for that so it doesn't look like that big of
super easy to do.
DLR and DLR.U
done it a few times over the past week. upset i didn't know about it for the past 20 years.
I was offered a buyout of a small pension ($81,791) I have with a previous employer.
I did some research and it appears the best move for me is to take it and roll it over to an IRA?
I’m 55 years old, so I’m old unfortunately, but I’ll still be working for at least 10 more years.
I’m assuming a traditional IRA? Is there a particular investment company I should go with (Charles Schwab, Fidelity, etc.)?
One last thing, I have an annoying credit card balance of $2,000 that I would like to clear. Adv
I believe you will be subject to taxes and penalty if you distribute early, is there another option for paying off the $2,000? Doing traditional makes sense. Schwab, Fidelity, and Vanguard are all fine options. Personally, I prefer to have as few brokerage relationships as possible, so I house everything at one (Schwab).
Hey guys, hope you're all well.
Country I live in: UK
Income: $2-$8k a month
Risk tolerance: Very high
Debt: $0
Monthly expenses: $1-1.75k
I have recently got into investing and am doing quite well so far (as are most people in this bull market).
I don't own any property and my only assets are my investments. I keep my poker bankroll separate from my investments and every day bank account. I withdraw from my poker bankroll every month to cover my expenses and aim to keep increasing my bankroll over time. When I have a good month I add more into my investments, which I can do most months.
When I first started off I invested mainly into the S&P 500 and a global index on vanguard. These provided reasonable returns. But I have since become more aggressive and gradually started buying more individual stocks. After learning more I have realized keeping a lot of capital in fiat is kinda stupid, as it devalues a lot over time. After learning more about cryptocurrency and bitcoin I have decided bitcoin is a good long term investment. Because I am from the UK I cannot invest in spot bitcoin ETFs because our country is backwards and still in the feudal age. I am nervous about holding physical bitcoin and it seems stressful have a hardware wallet and then having to hide your seed phase somewhere, stamping it onto metal and hiding it it the walls or something. So I did more research and the common consensus seems to be to gain bitcoin exposure in the UK the best option is to buy microstrategy.
This is what my portfolio currently looks like:
Microstrategy 50% - average share price $378 - currently up 39.4% on my investment
ASTS 25% - average share price $25.09 - currently down 4.8% on my investment
S&P 500 25% - up obviously, recently took some out to put into microstrategy
I feel like asts is a great investment. When they get their stuff up into space and get that full coverage I would like to think the share price could go as high as $200 a share.
What do you guys think? Am I crazy? My plan is to keep going and when adding to my portfolio 50% microstrategy, 25% asts and 25% s&p500. The s&p500 is kinda like a safety net I guess.
I appreciate all insight or opinions.
Thanks.
Hey guys hope I can get some help if someone have similar situation. I have 90kish 401k which I had to transfer from Vanguard once they exited individual 401k market. Decided to go with E trade since they me take out a loan from it. and one month in, after back and forth asking where my money comes from and giving them my taxes document and telling them I get pay in BTC from poker site etc. They decided to shut down my account. Sort of bad timing since I took out 40k loan from them and use it to pay down debt. But first where should I migrant to if I don't want to get shut down again?
Hey guys hope I can get some help if someone have similar situation. I have 90kish 401k which I had to transfer from Vanguard once they exited individual 401k market. Decided to go with E trade since they me take out a loan from it. and one month in, after back and forth asking where my money comes from and giving them my taxes document and telling them I get pay in BTC from poker site etc. They decided to shut down my account. Sort of bad timing since I took out 40k loan from them and use it t
Chokepoint 2.0 should end in a few months. In the mean time, any association with crypto makes banking difficult.
