I'm 25 and Have about 100k in cash. What should I do with it? Vanguard? Fuck crypto this is my mcmansion money.
Have 100k Cash
Lincoln Parker
Jose Johnson
All in Phillip Morris stock. In dividends alone you'll get $6500 a year.
Jeremiah James
That's actually not a bad idea - I've sort of been looking at the high dividend stuff, tax issues aside
Julian Gonzalez
Lmao don't do this. I am invested in pM but if Dems get in charge they could unironically ban cigarettes or some shit. Definitely a risky investment.
I would just wait for the Biden stock market collapse in mid November and then dump all the money you won't need anytime soon into SPY w/ dividends reinvested. You won't become a billionaire but you will have a million in 15 years guaranteed.
William Harris
Why SPY over something like VTSAX or even VFIAX?
Nicholas Campbell
All in BTC
Blake James
So this was my other question too.
I have a feeling we're going to go Biden , and if that's the case are you guys thinking that it's going to be down hill for a few months? I'm not terribly interested in timing the market, but it's not like one or two months for a 10 or 15% total Market loss to scoop up in is not worth waiting for...
Jose Price
95% of PM's revenue comes from outside the US. Nicotine use continues to grow world wide and they are also well vested in biopharmaceutical supply. They are, in a sense, more powerful than many governments around the world. They face very little regulatory risk in that sense.
MO (Altria) is their US centered company. They're the ones who face risk if smoking bans become more wide spread in the US.
Jaxon Sanders
Put it all into crypto and lose it. We need new blood.
Fuckin' bitch...
Grayson Barnes
reddit.com
Also PM is one of the best managed companies in the world.
Liam Rogers
>source: reddit
What the fuck is wrong with you, faggot?
Connor Gomez
I'm a debtor both to Greeks and Barbarians.
Nathaniel Perry
Fuck you bitch
Gavin James
I'm in a similar boat. I'm going to DCA into high yield, but reliable dividend yielding stocks. Check out XOM, CVX, ARI, T, ABBV, FRT, BEN, CAH, and PBCT. A lot of these are still down from the crash in March, but that's why the yields are so high.
Austin Clark
>$6500 a year.
At that rate he might as well earn 6.35% on m-assets while farming Dmg
Henry Richardson
You should shove it up your fucking ass.
Samuel Sanders
but nicotine is bad
Jose Clark
Wow....a WHOPPING 6.5K a YEAR!!! Just retire OP!
Fucking boomer tier mentality over here. Thats literally not even going to change the quality of toilet paper he purchases.
Jacob Parker
>nicotine bad
Dylan Anderson
>being this salty over solid advice
Jayden Davis
6.5% not even including growth of the value of the stock isn't bad at all. better than any savings account.
Jordan Bell
It's not solid advice at all, its literally a waste of the money. At least if he is going to invest it, it should be something with much higher returns. He is probably better off just putting that money to good use, trying to start some kind of side hustle.
Cameron Scott
Maybe you are right, dubs confirm
Lincoln Campbell
nice selection user! How'd you find those/why are you confident about them?
Evan Harris
considering we are dividend investing in a cancer sticks company, this is about as boomer as it gets
Carson Martin
6.5% isn't bad returns. And he doesn't have to dump all 100k to see nice gains.
Brandon Turner
There is only one answer
Carson Roberts
>XOM, CVX, ARI, T, ABBV, FRT, BEN, CAH, and PBCT.
none are as good as PM, MO or UVV.
Isaiah Campbell
Reminder to only use retirement designations if you plan on filing for social security disability. Otherwise pointless and holds your money hostage until you're 59 and 1/2. Face it, by the time you're that old, it will have been extended another decade.
Isaac Adams
This right here op, the quickest way to turn your $100k into $10 so you could buy that mcmansion happy meal toy
Dylan Rodriguez
your "safest" bet is to probably to do something like this:
bogleheads.org
with TQQQ instead of UPRO
William Hernandez
i'm not a financial advisor, but anyway brooskie if I were you and wanted a mcmansion this is what I would do
20k in stocks, pick good ones
20k in crypto, again pick good ones
These are your best options for now, it's corona season so attempting to open a small business won't be easy or profitable right now unless you can think of something you can make profitable in the event of another lockdown.
Delivery food places will probably make more than restaurants. Gas stations or little quickie stops could be profitable so long as there isn't any immediate superchains like a Speedway or a B&P around, but Indians have a huge market advantage in quickie stop businesses then White people such as yourself.
Parker Gutierrez
XOM, LYB, MA, PFG, UVV
Best combo, prove me wrong
Josiah Edwards
Being all in fiat is a massive mistake should have been all in LINK.
>I'm gonna get a mcmansion with $100k
Just lol at your life, $100k isn't even enough to get me out of bed in the morning. It's not going to change your life because even at 10% reinvesting the entirety of it you won't be able to retire and get a mansion until you're 60 at which point that mansion will cost Billions and you'll still be in the same house you're in now retard.
Asher Reyes
This is good, pick some awesome stock that just grows and pick crypto so you don't feel FUD when they eventually skyrocket.
Laundromats/real estate is probably the best with your other bit of money and you can flip houses with that cash. Renovate them, put some work into them and rent them out. Or just sell them. You don't need to do much other than paint and tile a bathroom. I'm sure you can figure that out.
Adrian Kelly
>not even including stock value growth
Sometimes they go down retard. and 6.5% is shit, you can get higher than that holding fucking DAI lmfao.
Gavin Miller
You could attempt to make your own low budget video game or movie if you're creative and don't want to play the market casino or build a business.
Michael Morris
Desire Finance dude
No contest
youtu.be
blockonomi.com