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Forum ยป What to invest 70k in ?
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Thread: What to invest 70k in ?

post 1572101841 01-25-2019, 03:36 PM
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#91
  1. ErnieMccracken
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Originally Posted By Luc1fer⏩
So cash flow from dividends doesn't count?
Of course it does, but if you're not a CEO $10k/day, you're wasting your time, imo. Wall St is for rich people, not us. The entire system is set up to slowly rake all the private money off the table. Source: work in finance, have degrees in finance, accounting, and economics.

Live in a box, invest your pennies for 40 years, pray to zyzz that you remain in perfect health, and you'll have just enough to live in a nursing home for a few years until they bleed you dry. No thanks, Jeff.
post 1572102911 01-25-2019, 03:54 PM
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#92
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Originally Posted By ErnieMccracken⏩
This is old advice that we all got as kids. The world is so much different now. Most millennials will never sniff retirement, and if they do, the very first health problem they encounter will bankrupt them within a year. It's already happening to boomers. This whole squirrel away your money and live like a peasant mantra needs to die. Reminds me of the food pyramid nonsense we all learned in school.

In the future, your financial success hinges on the ability to generate multiple, diverse revenue streams from non-traditional vehicles. CASH FLOW is king. If you are starting with a small pile of money like op, he's never going to get there eeking out a few percent/year until a catastrophic event wipes him out (ask me how I know). The cost of everything is going up and corporate America isn't interested in paying higher wages.
Strong. If you can invest $10k/year in today's money and increase over time with inflation you're going to make it. $20k/year and you'll be well off
post 1572103091 01-25-2019, 03:57 PM
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#93
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property lmao
post 1572104231 01-25-2019, 04:13 PM
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#94
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Buy Gold and save it for 30 years = low risk profit
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post 1572104411 01-25-2019, 04:15 PM
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#95
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Originally Posted By ErnieMccracken⏩
This is old advice that we all got as kids. The world is so much different now. Most millennials will never sniff retirement, and if they do, the very first health problem they encounter will bankrupt them within a year. It's already happening to boomers. This whole squirrel away your money and live like a peasant mantra needs to die. Reminds me of the food pyramid nonsense we all learned in school.

In the future, your financial success hinges on the ability to generate multiple, diverse revenue streams from non-traditional vehicles. CASH FLOW is king. If you are starting with a small pile of money like op, he's never going to get there eeking out a few percent/year until a catastrophic event wipes him out (ask me how I know). The cost of everything is going up and corporate America isn't interested in paying higher wages.
i agree, but the question was about investing income, not generating it

but yes i agree, increasing your income/earnings increases your ability to invest said income/earnings
post 1572104511 01-25-2019, 04:17 PM
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#96
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Originally Posted By aleeboy⏩
The true "entrepreneurs" are in the property business of renting several places and subleasing them at higher rates on airbnb. Absolute coonts that are raising prices in certain areas. If they get a strong enough hold on a catchment area, they can make a killing I bet. However, this is a low blow move.
That's a pretty good idea, probably way more headache and hassle than I'd want to deal with - but for someone who isn't a lazy ******* it sounds pretty solid.
post 1572104671 01-25-2019, 04:20 PM
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#97
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until you decide ally bank is offering 2.2% interest on savings, $4.21 per day profit until you decide...
STEM Wagie Brah
Oil/commodity based trader
post 1572108841 01-25-2019, 05:23 PM
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#98
  1. ErnieMccracken
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Originally Posted By sandaltan⏩
i agree, but the question was about investing income, not generating it

but yes i agree, increasing your income/earnings increases your ability to invest said income/earnings
Just tired of seeing the same real estate and index funds stuff parroted.
post 1572132261 01-26-2019, 12:45 AM
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#99
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Originally Posted By SconeBulker⏩
Most of my investments are index type funds, although they are not open to general public.

Very similar index funds exist like SPY which tracks the S&P.

Iโ€™ve been riding the Netflix waves and have done well 2 out of 3 runs and then corrections.

I sold it off awhile ago but WM has always been a fairly stable stock with decent dividends payout. The dividend is not as good since the latest slow run to $95.

If I was not buying index funds and was entering the market now it would be equally split between:

Netflix
Waste Management.
AT&T - 7%ish dividend
Brookfield Infrastructure partnership
Kimco REIT or another REIT that I would research heavily.

If you donโ€™t go the index fund route, you MUST spend some time each week reading about the companies and general market dynamics.
Great info ! Thank you!
post 1572132481 01-26-2019, 12:53 AM
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#100
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Originally Posted By Luc1fer⏩
So cash flow from dividends doesn't count?
Cashflow from dividends mean nothing if you haven't got atleast half a million in a high dividend ticker. But let's not forget that dividend payouts can change and companies can go bust, which means your queust for a handsome dividend resulted in a massive capital loss.

I do not advocate dividend growth for long term investors. Good to park a lot of capital for a short time only (i.e. pre-div and post payout).
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

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post 1572133781 01-26-2019, 01:45 AM
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#101
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I have 100K+ wrapped up in simple bonds that pay me between 2-5% every year.

I personally like bonds because I don't have to _do_ anything. They just pay me for access to my money.

A lot of people complain about bonds taking away liquidity.

I personally view bonds as a strange business position. Once you earn enough in interest on bonds that they can be "reinvested" through the nature of the investment itself they're effectively immortalized (about 2M) at that point you can siphon interest earned off the bonds to use for your own living.

You almost always get the principal back and little to no effort it put forth as long as you aren't investing in junk securities.

If you have no intention of using the money right now or in the near future i.e. 2-5 years - bonds are pretty awesome. I earn enough from my day-job to live (pay rent/food/etc) + save money on top of that. The investment monies I make from my bonds literally go back to buying more bonds 100% of the time (and will keep doing so until I retire (so probably another 40 years).

More than likely I'll never touch my bonds and just die with huge investments in bonds (strange as that sounds) because I earn enough to live without touching them and I don't want tons of materialistic ****. Honestly. Life is so weird.
post 1572134171 01-26-2019, 02:03 AM
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#102
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Originally Posted By ashin1⏩
I personally think dividend growth stocks are pretty safe long term that gives you consistent returns that will help make sleeping at night easier with markets being so volatile.




screen shot from today

definitely a lot easier and quicker to get into than RE (still a good investment if you do it the right way)
which broker app/software you doing business with?
Cherish your life. Live to tell your story
post 1572135231 01-26-2019, 02:53 AM
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#103
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Originally Posted By Godfrd824⏩
This is correct, never use your own money when you can use someone else's.

Yes, but it also has the highest average return. You can even hire a company to take care of every single aspect of the transaction, from renting to maintenance and everything in between. Of course they'll want a nice chunk of your profit for that.
lmao, a loan in your name is not someone elses' money
post 1572135381 01-26-2019, 03:02 AM
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#104
  1. kingofsthetics
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I think you should invest in a Civic and boost it and put a diamond spoiler on it
post 1572135441 01-26-2019, 03:05 AM
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#105
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1 year CD if you dont need the cash
(these are my opinions i am not a licensed broker by trade)
post 1572136601 01-26-2019, 03:56 AM
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#106
  1. UnitedLife
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Pretty much in the same situation as OP. 67k in Marcus @ 2.25% currently. No CC debt, like 10k student loans @ 3.3%, 13k 401k, maxed company match, make 70k/yr. Was going to buy a house but market has me cautious. Should be at 80k after tax return.
post 1572136771 01-26-2019, 04:04 AM
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#107
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Originally Posted By UnitedLife⏩
Pretty much in the same situation as OP. 67k in Marcus @ 2.25% currently. No CC debt, like 10k student loans @ 3.3%, 13k 401k, maxed company match, make 70k/yr. Was going to buy a house but market has me cautious. Should be at 80k after tax return.
If you had put your money into the markets the last few weeks, you would be up atleast 10%. Even the dumb money knew stocks were on the way up based on the Rates rhetoric at the end of last year.

I say invest some cash into stocks that could net you a higher rate than what Marcus can give you.

Diversification is King. I am cash heavy now, but this does not mean I am even close to 100% stocks.
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

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post 1572137091 01-26-2019, 04:20 AM
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#108
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Probably vanguards VDHG etf if youโ€™re not wanting to touch the money for atleast 10 years
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post 1572137761 01-26-2019, 04:55 AM
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#109
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Originally Posted By MuzzieChik786⏩
Profits are made when you take risks. Easy route isn't always the best.

If you know what you're doing, you could absolutely be successful in other markets besides the one you live in. STILL, you're wrong. I own my previous home (now on rent) in our local market. I bought it for $210k and currently I owe about 120k. It rents out for $1990 per month.

I'd never buy in my market because the homes are way overpriced. It just makes better sense to buy in another market if the goal is to make passive income.

Edit: btw, we just bought another home in Lakewood, Ohio. MFH with 4 units of 1/1. Each unit rents for $600. We bought the property at $140k. Rents total $2400 and utilities are paid by the tenants. Again, it's all about finding the deals and making smart decisions. We got rid of the loser tenants and got business professionals in there with at least a 2-year lease each. Tenant screening is vital for rental properties.
WTF?

BRB, buying up blocks of properties in small town Ohio, then running for Mayor of said small town, only renting to those who will vote for me. Profit.
post 1572138241 01-26-2019, 05:17 AM
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#110
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OP if you dont put it all in crypto rn youre a pusy and will never make it

or at least half, 70k wont change your life, but 700k in 2-3 years would. just use common sense. dont be an avg pleb muh dividend 3% return YUCK
post 1572138721 01-26-2019, 05:38 AM
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#111
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Originally Posted By elterrible987⏩
lmao, aloanin your name is not someone elses' money
loan
/lลn/
noun

a thing that isborrowed
borยทrow
/หˆbรคrล,หˆbรดrล/
verb
take and use (something that belongs to someone else) with the intention of returning it
I guess you must be "elterrible" at basic English, and common sense.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1572139021 01-26-2019, 05:49 AM
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#112
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low cost index fund and invest gradually over 5-12 months.

Real estate you are essentially putting all your eggs in the one basket, and it needs to be actively managed even with a manager.
post 1572141801 01-26-2019, 07:13 AM
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#113
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Originally Posted By tk217⏩
I have 100K+ wrapped up in simple bonds that pay me between 2-5% every year.
Originally Posted By UnitedLife⏩
Pretty much in the same situation as OP. 67k in Marcus @ 2.25% currently. No CC debt, like 10k student loans @ 3.3%, 13k 401k, maxed company match, make 70k/yr. Was going to buy a house but market has me cautious. Should be at 80k after tax return.
In this thread, people who don't know what inflation is and how you need to reliably beat it to actually gain on investments.
**MFC**
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post 1572143631 01-26-2019, 07:53 AM
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#114
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Originally Posted By iifymbro⏩
In this thread, people who don't know what inflation is and how you need to reliably beat it to actually gain on investments.
Living paycheck-to-paycheck isn't beating it either brah.
post 1572144111 01-26-2019, 08:02 AM
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#115
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Originally Posted By UnitedLife⏩
Living paycheck-to-paycheck isn't beating it either brah.
strong irrelevant point, we're talking about investment vehicles not wage income.
**MFC**
**Barbara Palvin is my 10/10 crew**
post 1572150961 01-26-2019, 09:54 AM
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#116
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Thanks again for all the advice and info brahs. Still not sure what to invest in though. All the options mentioned have their pros and cons. Unfortunately 70k still isnโ€™t that much money and it took me 5 years to save and thatโ€™s because I stay with my parents. Iโ€™m currently earning 18k a year and once I get married saving is gonna be near impossible with this salary. I guess Iโ€™ll have to act now and take risks because I cannot afford that in the future
post 1572156601 01-26-2019, 11:08 AM
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#117
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Originally Posted By dave1211⏩
Thanks again for all the advice and info brahs. Still not sure what to invest in though. All the options mentioned have their pros and cons. Unfortunately 70k still isnโ€™t that much money and it took me 5 years to save and thatโ€™s because I stay with my parents. Iโ€™m currently earning 18k a year and once I get married saving is gonna be near impossible with this salary. I guess Iโ€™ll have to act now and take risks because I cannot afford that in the future
How would you feel if that 70k dropped to 35k? Risk/reward.
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post 1572156971 01-26-2019, 11:14 AM
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#118
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Originally Posted By iifymbro⏩
In this thread, people who don't know what inflation is and how you need to reliably beat it to actually gain on investments.
Go on.
post 1572157101 01-26-2019, 11:15 AM
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#119
  1. SconeBulker
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You need to get that income up.

That is $8.65/hr if you are working full time.



Originally Posted By dave1211⏩
Thanks again for all the advice and info brahs. Still not sure what to invest in though. All the options mentioned have their pros and cons. Unfortunately 70k still isnโ€™t that much money and it took me 5 years to save and thatโ€™s because I stay with my parents. Iโ€™m currently earning 18k a year and once I get married saving is gonna be near impossible with this salary. I guess Iโ€™ll have to act now and take risks because I cannot afford that in the future
post 1572157201 01-26-2019, 11:17 AM
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#120
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Originally Posted By SconeBulker⏩
You need to get that income up.

That is $8.65/hr if you are working full time.
Median income is 60K in America bro.

Investments are for rich people and those with large amounts of income to begin with.

The best thing he can do is stay living with his parents.
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