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| Ignored facts still exist |
Serious question: Do you own a house? Is it paid off? Getting into the house you really want in an area you really want to live in, and having it paid off is a nice boost. No rent or mortgage for the rest of your life. Just property tax, and maintenance which you can largely do yourself. $400k will buy a lot of house in some areas, although not much in other areas. . | |||
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| Member |
It doesn't matter, you never put all of your eggs in one stock. Always diversify. You really need to be in at least 20 stocks in different sectors in order to be diversified and even then one shouldn't have all of their money in the stock market only. | |||
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Fighting the good fight |
Pay off house and any other debt. Stick a chunk of what remains (figure minimum 12 months of living expenses) into a savings account for "shit happens". Then invest the rest as recommended by a competent financial advisor, likely in a combination of some ETFs and an IRA. | |||
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| Member |
First step- pay a fee only certified financial planner to build a financial plan to address your particular financial needs and goals. | |||
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Member |
What is your tolerance for risk and time frame? How much are you willing to lose if your investment goes south and still sleep well at night? 2%, 10%, 20%, 50%? | |||
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goodheart |
The markets have been much more volatile than normal this year, largely due to the coronavirus and subsequent economic emergency brake slammed on. It remains volatile due to changing sentiment regarding future effects of the pandemic on business. An even more worrisome source of future instability is the potential election of Biden in November, possibly including Democrats taking over both houses of Congress. Because of these historic uncertainties, and the rather surprising current high levels of stocks, I am pulling out around 20% of stocks into cash, at the recommendation of my financial advisor, in expectation of being able to pick up some bargains in the next months or end of the year. _________________________ “Remember, remember the fifth of November!" | |||
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| Green grass and high tides  |
first, you need a place to live. If that is covered and paid for then you need income to survive. If that is covered then I would invest some of it in a Vanguard account. Invest based on your age, risk aversion, etc. I personally would invest in a piece of property that fit my personal taste for a place to go or stay for periods of time that offered the things I wanted when I went to it. Just spend some $ on things that moved you forward in your future plans as they progress. Should be all set at that point. Also put an estate plan in the works. Good luck. Imho a financial planner is not needed unless you just wish to make them rich at your expense. "Practice like you want to play in the game" | |||
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Hoping for better pharmaceuticals |
Might depend upon what stage of life you are in, your education, risks you are comfortable with current financial situation. The answer can change monthly. Getting shot is no achievement. Hitting your enemy is. NRA Endowment Member . NRA instructor | |||
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Member |
I went to cash this spring as the markets were rocked by the KungFlu. I have been an investor for most of my life, but this economy scares the crap out of me. I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown ................................... When you have no future, you live in the past. " Sycamore Row" by John Grisham | |||
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Member |
A diversified investment basket across multiple ETFs. Based on the risk profile and your investment timeline. - So many factors to really look into and understand prior to deciding where to invest. Without knowing the full story it is really hard to suggest specifics. Random Thought A select few pharmaceutical research/production companies come to mind. ------------------ Some folks have suggested physical retail goods, watches etc... If you could foresee the future these are great ideas. Problem is TBD how things will turn out and liquidity isn't all that good. Living debt-free is really nice, so ask folks have suggested paying off loans, bookies is a good way to go. __________________________ My door is always open to Sigforum members, and I'm always willing to help if I can. | |||
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| It's not you, it's me.  |
Just buy a bunch of amazon stock and become a millionaire in a few years. Or put it into SPY and wait forty years or so for a little growth. | |||
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Ammoholic |
Big negative on that first one. Have you seen the mortgage rates recently? They are at/below 3% You take $200-$300k off the top to pay off your mortgage and you aren't earning a thing on that money and only have $100-$200k to invest. Plus depending on other deductions, taxes if may be deductible or get you over the $12/24k std deduction and be partially deductable. I'd rather invest the bulk of it, in something that would historically earn more than 3%. Jesse Sic Semper Tyrannis | |||
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| Member |
It depends how you look at it. If you pay off a $300k mortgage you have an extra $1300 a month (the payment) in your pocket each month. So it saves $15.6k a year in expenses (That's equivalent to making around 5.5% on your $300k plus whatever additional % of whatever tax bracket you're in. It's real easy to invest money each month, when you have no debt. | |||
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| Dances With Tornados |
^^^^^^ There is a HUGE peace of mind when you walk into your paid for home, especially when you go to sleep at night and don't ever even think about not being able to make those monthly payments ever again. That's priceless. You're young, healthy, making money, life is good. Then you or your spouse gets sick or dies, or disabled, and you no longer have the money coming in like you did before. You can no longer make the house payment, you're fighting cancer and have that worry too. A paid for home is priceless in more than one way. All you have to do is keep up the taxes, which can be quite minimal depending on where you live, as well as insurance. Again, depending on where you live, that can be a very low amount of money. Even better is having a paid for home, and since you have that, you have money to save and invest, and you have money available to weather the storms of life. Yep, the storms of life. They come to all of us, some get their asses handed to them by the storms of life. A paid for home is like a lifeboat. Good luck to all of y'all. | |||
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| No double standards |
Maybe a one bedroom condo in San Francisco. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| No double standards |
Makes sense. Politics and economics are always dovetailed. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| Ammoholic |
My comments were based on ROI, not on how it feels, but if you are extremely risk adverse, than comfort over returns may be important to some. All of this is purely philosophical anyways, because we don't have the right information to actually make a suggestion, the only person that would, is a financial planner that has made a risk tolerance assessment and was aware of his goals/desires/emotions for investments. Jesse Sic Semper Tyrannis | |||
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| Hoping for better pharmaceuticals |
Maybe a teardown in the tenderloin. $400,000 doesn't buy much in SF. Getting shot is no achievement. Hitting your enemy is. NRA Endowment Member . NRA instructor | |||
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eh-TEE-oh-clez |
That seems...circular. | |||
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Nosce te ipsum |
"Robbed" is such a harsh word. Maybe "found"? Buy a San Fran condo? Wouldn't that just buy fractional ownership? Index funds? I'm thinking it is a bad time to invest in index funds. Maybe I'd slowly enter balanced funds, max out 30% exposure to equities. Huge opportunities await the patient investor. | |||
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