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I have $60k+ in investments/savings
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2019-09-15 at 1:09 AM UTCThere are some issues though.
$10k is in gift cards that loses to inflation.
I am matching cash accounts with precious metals.
A large fraction is in crypto-currencies.
I have no 401k/Pension or any retirement accounts.
On the good side, I have no debt, good health, and a job.
What should I do now? -
2019-09-15 at 1:12 AM UTCGet a job.
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2019-09-15 at 1:12 AM UTCOpen up a couple credit cards you idiot.
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2019-09-15 at 1:12 AM UTCblow it all by flying us out to hawaii for an NIS official meetupThe following users say it would be alright if the author of this post didn't die in a fire!
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2019-09-15 at 1:13 AM UTC
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2019-09-15 at 1:18 AM UTC
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2019-09-15 at 1:19 AM UTC
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2019-09-15 at 1:21 AM UTC
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2019-09-15 at 1:24 AM UTCpretty sure dI would marry me over any of you other nigga's
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2019-09-15 at 1:25 AM UTCNo but suck my dick and you will be forgiven.
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2019-09-15 at 2:52 AM UTCSo just keep it up?
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2019-09-16 at 12:12 AM UTC
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2019-09-16 at 12:28 AM UTC
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2019-09-16 at 8:23 PM UTC
Originally posted by Sophie What kind of things can you buy with those gift cards that would hedge against inflation? Also, convert most of your fiat into precious metals, nigga.
Electronics and clothing. J/K. I really only have them so that I can go out without using my taxed funds. Those funds go into my cash accounts.
I'm 50/50 cash/metals. But I have most in silver and only silver and gold. I think I'll get some platinum and palladium. -
2019-09-16 at 9:22 PM UTC
Originally posted by SBTlauien Electronics and clothing. J/K. I really only have them so that I can go out without using my taxed funds. Those funds go into my cash accounts.
I'm 50/50 cash/metals. But I have most in silver and only silver and gold. I think I'll get some platinum and palladium.
I see, silver and gold are good investments though, even though silver prices are a bit more volatile than those of gold. How a nigga live. It really would depend on what you want to do with your wealth. -
2019-09-17 at 1:34 AM UTCPrecious metals are losers over the long term and crypto-currencies are pure speculation with no backing. Why not equities? Vanguard Total Stock Market Index is up 21.41% YTD. At the very least, at least open up a 401(k) and/or IRA (preferably Roth) to get some tax advantages, especially if you have any kind of dividend yield (those get taxed same year as ordinary income).The following users say it would be alright if the author of this post didn't die in a fire!
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2019-09-17 at 2:10 AM UTC
Originally posted by Ajax Precious metals are losers over the long term and crypto-currencies are pure speculation with no backing. Why not equities? Vanguard Total Stock Market Index is up 21.41% YTD. At the very least, at least open up a 401(k) and/or IRA (preferably Roth) to get some tax advantages, especially if you have any kind of dividend yield (those get taxed same year as ordinary income).
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2019-09-22 at 1:43 AM UTC
Originally posted by Ajax Precious metals are losers over the long term and crypto-currencies are pure speculation with no backing. Why not equities? Vanguard Total Stock Market Index is up 21.41% YTD. At the very least, at least open up a 401(k) and/or IRA (preferably Roth) to get some tax advantages, especially if you have any kind of dividend yield (those get taxed same year as ordinary income).
At the end of this year, I'm planning on starting a 401k and dumping 14% of my income with a 6% match from my employer, so 20% in total. Starting next year, I'm going to start a brokage account with stocks and bonds.
This way Ill have cash, stocks, bonds, cryptos, precious metals, and a retirement account. I'm not sure what else to do aside from possibly buying land and farming it.
I just want to be on track for retirement by age 40.
Edit: strange how a couple of years ago I was working in retail and only had about $3k in a checking account and about $6k in precious metals, no other accounts or investments. I also have a bunch of new stuff and have been going out way more...The following users say it would be alright if the author of this post didn't die in a fire! -
2019-09-22 at 3:59 AM UTC
Originally posted by SBTlauien At the end of this year, I'm planning on starting a 401k and dumping 14% of my income with a 6% match from my employer, so 20% in total. Starting next year, I'm going to start a brokage account with stocks and bonds.
This way Ill have cash, stocks, bonds, cryptos, precious metals, and a retirement account. I'm not sure what else to do aside from possibly buying land and farming it.
I just want to be on track for retirement by age 40.
Edit: strange how a couple of years ago I was working in retail and only had about $3k in a checking account and about $6k in precious metals, no other accounts or investments. I also have a bunch of new stuff and have been going out way more…
Damn son, if I had gone ahead keeping my crypto instead of buying heroin I would have a conservative $250-300k. Good for you!
Open Roth, put at least 10-15k in Vanguard S&P 500 ETF in a ROTH and then you can play with individual stocks, but be careful because just because you like a stock does not mean it is a good time to buy, as it could be overvalued or have negative sentiment or too high expectations on it.
Don't go too heavy in metals unless you smell impending doom all over. Land or real estate is not a bad idea either, especially stuff you can rent (not housing preferably, renting to people can be horrible with time and shitty people).The following users say it would be alright if the author of this post didn't die in a fire! -
2019-09-22 at 4:16 AM UTCI have a pretty solid yu gi oh cards,bey blades and Pog portfolioThe following users say it would be alright if the author of this post didn't die in a fire!
