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» What to invest 70k in ?
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post 1571993491 01-24-2019, 10:25 AM
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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.
post 1571993551 01-24-2019, 10:25 AM
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Real Estate.
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post 1571993591 01-24-2019, 10:25 AM
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The Badbl00d mutual fund is looking good this time of year. I'll PM you the details
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post 1571993651 01-24-2019, 10:26 AM
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post 1571993661 01-24-2019, 10:27 AM
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post 1571993681 01-24-2019, 10:27 AM
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post 1571993821 01-24-2019, 10:28 AM
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post 1571993911 01-24-2019, 10:29 AM
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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.
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.
post 1571994151 01-24-2019, 10:32 AM
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Originally Posted By Godfrd824
Real Estate.
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).
Thus let me live, unseen, unknown;
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Tell where I lie.

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post 1571994231 01-24-2019, 10:33 AM
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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'm 24 not 48 lol
post 1571994261 01-24-2019, 10:34 AM
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Originally Posted By SconeBulker
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.
Thanks man will check it out!
post 1571994441 01-24-2019, 10:37 AM
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Originally Posted By MuzzieChik786
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).
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!
post 1571994481 01-24-2019, 10:38 AM
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Originally Posted By naaboo
This. Look up Graham Stephan on YouTube & gain some knowledge on the subject.
Great. Will check him out 👍
post 1571995771 01-24-2019, 10:54 AM
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Originally Posted By MuzzieChik786
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).
This is correct, never use your own money when you can use someone else's.
Originally Posted By dave1211
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!
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.
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post 1571995891 01-24-2019, 10:56 AM
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Originally Posted By solidus2k3
low cost index fund
FZROX and chill. (0% fee)
post 1571995961 01-24-2019, 10:56 AM
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A depreciating in value trailer would be a solid investment brah
post 1571996431 01-24-2019, 11:02 AM
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whats ur risk level like 1=minimal risk 10=very high risk
post 1571996911 01-24-2019, 11:08 AM
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Originally Posted By MuzzieChik786
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).
edited: Taking the L
post 1571997071 01-24-2019, 11:10 AM
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Originally Posted By muscle
But who was math?
20% of 120k = 24k.. Hence the "about 25k"
post 1571997231 01-24-2019, 11:12 AM
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Without a doubt, I'd be looking in to real estate.
Originally Posted By muscle
But who was math?
lol, clearly not you. (Hint: 20% of 120k is about $24k)
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post 1571997291 01-24-2019, 11:13 AM
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post 1571997311 01-24-2019, 11:13 AM
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Originally Posted By muscle
But who was math?
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.
post 1571997361 01-24-2019, 11:13 AM
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post 1571998721 01-24-2019, 11:31 AM
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if you dont know what to invest in:
fixed deposit
AA+ RATED BOND
post 1571998761 01-24-2019, 11:31 AM
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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)
Originally Posted By SuperiorGenes
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.
Damn fam...major fail on my part. My apologies!
post 1571999111 01-24-2019, 11:35 AM
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Originally Posted By SuperiorGenes
whats ur risk level like 1=minimal risk 10=very high risk
Between 6-7
post 1571999461 01-24-2019, 11:40 AM
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https://www.thriventfunds.com/home.html

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post 1571999561 01-24-2019, 11:41 AM
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Originally Posted By Godfrd824
Real Estate.
Boom. Thread done @ first response.
post 1571999791 01-24-2019, 11:44 AM
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post 1571999851 01-24-2019, 11:45 AM
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Originally Posted By MuzzieChik786
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).
Please aware me on a location where a 120k home can normally rent out for 1400 a month
I will move there srs
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