Thread: What to invest 70k in ?
01-24-2019, 10:25 AM
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#1
- dave1211
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What to invest 70k in ?
I’ve managed to save upto 70k during the last couple of years. Was wondering if the misc could give me ideas on what to invest in. I have already invested in mutual funds but I haven’t really made too much from it.
I don’t mind taking a bit of risk because I’m still just 26 and unmarried.
I don’t mind taking a bit of risk because I’m still just 26 and unmarried.
01-24-2019, 10:25 AM
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#2
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Real Estate.
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01-24-2019, 10:25 AM
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01-24-2019, 10:26 AM
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low cost index fund
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01-24-2019, 10:27 AM
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01-24-2019, 10:27 AM
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01-24-2019, 10:28 AM
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01-24-2019, 10:29 AM
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- SconeBulker
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I think the market is going to be volatile for awhile.
I would use the money to open savings/checkings to get the various incentives throughout 2019.
For example:
https://www.doughroller.net/banking/...ons-and-deals/
Organize with a spreadsheet and reminders on your phone or email.
I would use the money to open savings/checkings to get the various incentives throughout 2019.
For example:
https://www.doughroller.net/banking/...ons-and-deals/
Organize with a spreadsheet and reminders on your phone or email.
Originally Posted By dave1211⏩
I’ve managed to save upto 70k during the last couple of years. Was wondering if the misc could give me ideas on what to invest in. I have already invested in mutual funds but I haven’t really made too much from it.
I don’t mind taking a bit of risk because I’m still just 26 and unmarried.
I don’t mind taking a bit of risk because I’m still just 26 and unmarried.
01-24-2019, 10:32 AM
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#9
- MuzzieChik786
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Originally Posted By Godfrd824⏩
This. But find a deal. For example:Real Estate.
Buy a property for 120k in a market where you can rent the property for about 1400 a month. Put down 20% (about 25k of your 70k).
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01-24-2019, 10:33 AM
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#10
bitcoin jk lol
I would say it would be very difficult to yield high percentage with 70k in real estate.
Your best option is being an invisible investor in a startup business or a non-executive director but the risk are greater however the rewards are exponential.
I would say it would be very difficult to yield high percentage with 70k in real estate.
Your best option is being an invisible investor in a startup business or a non-executive director but the risk are greater however the rewards are exponential.
I'm 24 not 48 lol
01-24-2019, 10:34 AM
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#11
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Originally Posted By SconeBulker⏩
Thanks man will check it out!I think the market is going to be volatile for awhile.
I would use the money to open savings/checkings to get the various incentives throughout 2019.
For example:
https://www.doughroller.net/banking/...ons-and-deals/
Organize with a spreadsheet and reminders on your phone or email.
I would use the money to open savings/checkings to get the various incentives throughout 2019.
For example:
https://www.doughroller.net/banking/...ons-and-deals/
Organize with a spreadsheet and reminders on your phone or email.
01-24-2019, 10:37 AM
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#12
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Originally Posted By MuzzieChik786⏩
The problem with real estate is that is pretty busy also lot of money is spent on maintenance and other taxes. Getting a good tenant is another issue. However I’ve been researching on it lately and many people have suggested it as a good investment. Thanks for the info!This. But find a deal. For example:
Buy a property for 120k in a market where you can rent the property for about 1400 a month. Put down 20% (about 25k of your 70k).
Buy a property for 120k in a market where you can rent the property for about 1400 a month. Put down 20% (about 25k of your 70k).
01-24-2019, 10:38 AM
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#13
01-24-2019, 10:54 AM
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#14
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Originally Posted By MuzzieChik786⏩
This is correct, never use your own money when you can use someone else's.This. But find a deal. For example:
Buy a property for 120k in a market where you can rent the property for about 1400 a month.Put down 20% (about 25k of your 70k).
Buy a property for 120k in a market where you can rent the property for about 1400 a month.Put down 20% (about 25k of your 70k).
Originally Posted By dave1211⏩
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.The problem with real estate is that is pretty busy also lot of money is spent on maintenance and other taxes. Getting a good tenant is another issue. However I’ve been researching on it lately and many people have suggested it as a good investment. Thanks for the info!
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.
01-24-2019, 10:56 AM
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Originally Posted By solidus2k3⏩
FZROX and chill. (0% fee)low cost index fund
01-24-2019, 10:56 AM
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01-24-2019, 11:02 AM
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#17
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whats ur risk level like 1=minimal risk 10=very high risk
01-24-2019, 11:08 AM
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#18
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Originally Posted By MuzzieChik786⏩
edited: Taking the LThis. But find a deal. For example:
Buy a property for 120k in a market where you can rent the property for about 1400 a month.Put down 20% (about 25k of your 70k).
Buy a property for 120k in a market where you can rent the property for about 1400 a month.Put down 20% (about 25k of your 70k).
01-24-2019, 11:10 AM
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#19
- MakeItMatt
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Originally Posted By muscle
20% of 120k = 24k.. Hence the "about 25k"But who was math?
01-24-2019, 11:12 AM
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#20
- SpeedCheeser
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Without a doubt, I'd be looking in to real estate.
Originally Posted By muscle
lol, clearly not you. (Hint: 20% of 120k is about $24k)But who was math?
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01-24-2019, 11:13 AM
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#21
01-24-2019, 11:13 AM
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#22
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Originally Posted By muscle
Dearest retard,But who was math?
he was talking about 20% of the $120k theoretical home -- 20% allows you to avoid PMI in homes (minimum ownership is 20% to be exempt of PMI, a completely pointless fee costs you a nice chunk of change every single month till u own 20%). And that would be around $25k.
But gl finding a market where a $120k home can rent for $1400/mo. I know they're out there but sure as chit aint my city! would like to know where.. buy a few homes rn prob.
01-24-2019, 11:13 AM
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#23
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01-24-2019, 11:31 AM
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#24
01-24-2019, 11:31 AM
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#25
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Originally Posted By MakeItMatt⏩
20% of 120k = 24k.. Hence the "about 25k"
Originally Posted By SpeedCheeser⏩
Without a doubt, I'd be looking in to real estate.
lol, clearly not you. (Hint: 20% of 120k is about $24k)
lol, clearly not you. (Hint: 20% of 120k is about $24k)
Originally Posted By SuperiorGenes⏩
Damn fam...major fail on my part. My apologies!Dearest retard,
he was talking about 20% of the $120k theoretical home -- 20% allows you to avoid PMI in homes (minimum ownership is 20% to be exempt of PMI, a completely pointless fee costs you a nice chunk of change every single month till u own 20%). And that would be around $25k.
But gl finding a market where a $120k home can rent for $1400/mo. I know they're out there but sure as chit aint my city! would like to know where.. buy a few homes rn prob.
he was talking about 20% of the $120k theoretical home -- 20% allows you to avoid PMI in homes (minimum ownership is 20% to be exempt of PMI, a completely pointless fee costs you a nice chunk of change every single month till u own 20%). And that would be around $25k.
But gl finding a market where a $120k home can rent for $1400/mo. I know they're out there but sure as chit aint my city! would like to know where.. buy a few homes rn prob.
01-24-2019, 11:35 AM
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#26
01-24-2019, 11:40 AM
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#27
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https://www.thriventfunds.com/home.html
My fund has done 12.5% on average over the last couple of years. I've had it forever, good company and you can choose your risk level. Cheers
My fund has done 12.5% on average over the last couple of years. I've had it forever, good company and you can choose your risk level. Cheers
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01-24-2019, 11:41 AM
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01-24-2019, 11:44 AM
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01-24-2019, 11:45 AM
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#30
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Originally Posted By MuzzieChik786⏩
Please aware me on a location where a 120k home can normally rent out for 1400 a monthThis. But find a deal. For example:
Buy a property for 120k in a market where you can rent the property for about 1400 a month. Put down 20% (about 25k of your 70k).
Buy a property for 120k in a market where you can rent the property for about 1400 a month. Put down 20% (about 25k of your 70k).
I will move there srs
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