Current situation: ~500k owed on a 1.2 million dollar house, just refinanced at 3% fixed 30yr. ~$270k cash total (30k in checking, 240k in a high yield saving account - which is no longer high yield due to interest rates) ~9k in a Robinhood account invested in BRK.B and gold stocks. ~10k in a Roth IRA my parents setup for me before they passed, I don't really know how this is setup. It doesn't seem a appreciate much. ~6k gold and silver coins at current values, inherited from my grandmother. ~I own one bitcoin since 2016, I forget what I paid for it, I think a couple hundred bucks. I plan on keeping it for a very long time. ~truck is paid for (old but runs great), student loans are paid, no other debt besides the house ~My cash reserves after expenses are approximately 1,000 per month right now, less than before because I'm paying my little sisters rent for her until she can get back on her feet. She isn't lazy and is competent so I believe she'll be back on her own dollars soon.
1) With all this talk of inflation, should I just pay my minimums on the mortgage? I normally pay it off a bit faster (more like at a 15-20yr pace). I have no early payment penalties. 2) How should I start investing more? What type of portfolio makes sense? 3) I dislike Robinhood and want to try TD-Ameritrade, is the transfer really hard tax wise? 4) The Roth IRA with 10k in it, can I transfer that to TD-Ameritrade to invest it myself? Are those transferable? 5) Can I have both a Roth IRA account at TD-Ameritrade and a cash account? I don't want all my invested money to not be usable until I'm 59.5years old
Buy AMD, TSM, NVDA, MSFT, AMZN, HD, NAIL, COST, GS, DOCU and SOXL if you want extra semi-conductor exposure. This portfolio will bring you nice returns. Just hold and check every month but don't sell for a year at least.
Thomas Phillips
My house was recently appraised, because of the re-finance, for nearly 1.5 million, so, I actually think it has been a pretty good investment. But yeah, paying interest sucks.
buying a house is probably the best investment anyone can do. cause after 50 years you will have something you can actually sell. imagine renting out something all your life instead of buying it?
Jordan Price
How is it a better investment than buying AAPL 20 years ago?
Samuel Thomas
I don't know that I'm a savvy enough investor to buy individual stocks and know what I'm doing. I'd love to learn. I actually bought some books recently.
I've been buying BRK.B slowly over time because it seemed reasonable... but really in small amounts. Gold and silver is up now but when I first bought it, it crashed lol, so I know how that goes.
The rent in my area is nearly what my mortgage is though... At least I get some equity?
Connor Gomez
dios mio im gonna coom
Robert Ward
A lot of Zig Forums will shill you their shitcoin flavours of the day. Depending on your goals and risk tolerance they may be okay to flip for thousands. Most are not longterm holds and some will run away with your money. You are already well off, but if you wish to protect against inflation consider more crypto or more precious metals. Personally with your cash supply I would enter the crypto market and stock market and not touch it for a long time. Always DYOR on what you invest in.
Alexander Bailey
*Julian
Chase Torres
I'm aware of what interest is like, although my rate is significantly better than his calculated number and I paid significantly more than 20% down (I paid more than 50% down). My payment is roughly what a moderate condo rental would be in my area... only instead I'm living in a comfy house with a yard and garage - plus i'll eventually own it.
He also is ignoring inflation...
I will do lots of reading of course, but, how do I enter? I slowly trickle money into positions?
I looked up what gold and silver are at now and they are at all time highs for what I've owned, is it a bad time to be buying more?
Ryder Johnson
This is the kinda chick you could have hooked up with in high school before tinder existed
Justin Brooks
>The rent in my area is nearly what my mortgage is though Yes, that is because you are renting, you just got fooled by the kike bankers using a different word, "mortgage". It's the same shit, you don't own your house, they do. You think you own your house because you are allowed to put a fucking nail in the wall compared to your renting buddies? That nail is gonna cost you 50x compared to them if you don't pay your mortgage.
Sell your shit, pay your debt and stop feeding the kikes.
Whatever profit you make now they will rake the top of, and when you blow your shit on some no-name-shit-coin and cant pay your interest rates. They will take your house and you get even more in debt for that fucking nail you thought you were so free to hammer in the wall.
Owen Flores
what the fuck is your question user? we shill shitcoins here, not manage your assets. Go speak to a financial adviser.
Jonathan Rogers
30yr fixed rate is good. Imo pay the minimum because if real inflation is > 3%, you are effectively shorting the USD and the bank is paying you instead
Yes, I'll move my Roth IRA out to my own broker so I can handle the allocation myself. I use m1finance. The traditional 70-30 allocation is passe and will only end in tears.
I put a most of my assets into precious metals (my net worth is less than you). Lots in Sprott trusts (PHYS & PSLV) which metals are held by the Royal Canadian Mint. (GLD & SLV are JP Morgan & HSBC scams). I also invested in SGDJ & SILJ etf to gain gold and silver junior miners exposure. Opened an account with Interactive Brokers so I can gain access to TSX (toronto stock exchange) and invest in micro miner stocks.
Legal disclaimer: I am not your broker and you are responsible for whatever outcome you get if you parrot me. Remember to do more research and good luck.
A monkey can buy stocks user. Just pick a broker you like and buy each of those companies I listed on dips over time. Split your capital evenly between them. When the stock goes down buy more. Don't sell until you have held shares for a year and even then don't sell unless you really need to buy something that you can't cover with your Mcjob. That portfolio won't be boomer tier stable but it's pretty future proof and leans towards growth.
Jose Hughes
>buying a house is probably the best investment stopped reading there
just looked through her IG >her it looks like she's about to hit the wall
Lincoln Nguyen
is this true?
Henry Price
Slowly entering into positions would be an effective strategy. It is truly nearly impossible to tell where we're going. Assuming youre investing in something solid for a very long period of time you should be fine entering it. But I would recommend DCA. For example I was new to investing and bought most of my link for .80 near SIBOs and it crashed down to $.20 over the next few months. I would be up a magnitude of 4x had I waited a bit longer. As for PM's being a bad time to enter because of ATH. Possibly, but it is at an ATH because of inflation concerns. If inflation truly becomes an issue you will not likely care about your entry point into it. If you bought the top then it will suck but generally those arent volatile assets anyways.
Jonathan Young
With your Roth IRA also max out annual contributions so you can reduce taxes. Same thing with maxing out 401k, HSA, FSA
Your IRA is the only retirement money because social security & pension systems are all collapsing
Jordan Diaz
I will for sure do my own research, it's just helpful to spitball a bit while I learn. I appreciate reading your thoughts. Yeah, bonds seem like a terrible investment right now - unless there is something I'm missing.
Thanks. So for investing something like 200 grand, I'd maybe spread that over a few years into my various positions? Or longer?
Isaiah Barnes
>silver different user here. Mein neger :). My first few oz arrived today. Im feeling the hype like its the source of happiness itself (beside serving God). My friend is there a similar thing an Euro fag can do ? just put some money in outside EU micro miners ? >GLD & SLV are JP Morgan & HSBC scams is there a thing to look out for before investing. So i dont actually put my money in JPs sidehoe company ? Thank you alot in advance for the guidence frend
Thanks. Can you have a Roth trading account and a non-roth trading account at the same broker? Like I don't want everything in a Roth IRA in case I want access to some of it before I'm 60
