03-17-2021, 01:19 PM | #1 |
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$50k To Invest. Wise Suggestions?
So I know we have some savvy Financial Dudes around these parts. And although I have several bank accounts and 401k, I recently came into a nice little return that I'm interested in the "best overall and safest return" possible. I have a family to think about so I'm not too interested in any hedge funds or otherwise risky proposition.
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03-17-2021, 02:10 PM | #3 |
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I would not look at that in isolation. Instead, consider it will all other assets (and liabilities) in a portfolio. For example if your other accounts are all cash or equivalent, you might want to get some stocks or ETFs. If you have a lot of owned real estate or REITs, maybe shy away from more of that and diversify.
If you like risk, consider crypto currencies, emerging tech stocks, international investments, etc. There is really no way to answer the OP’s question without knowing more about his risk tolerance, return objectives, and total position across all assets. As a result, @vreihen16 is correct. |
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03-17-2021, 02:13 PM | #4 |
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Im not sure what “best overall and safest return” means. To get the best return possible you must take risk.
But if you are after the safest bet with highest potential, just think to yourself, what company is likely to be bigger tomorrow(whenever tomorrow is for you) than it is today. What is your time horizon? 1 yr/ 5yrs /10yrs or more? That also factors in. And whatever u do, wait to hear what the FED says over the next two days if you are risk adverse. Many options depending on the time horizon. |
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03-17-2021, 03:08 PM | #5 |
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always buying dividend issuing stocks here, ge, aapl, spg, extraspace, XOM, T, probably not the right thing, but its better than putting money in the fucking bank
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03-17-2021, 03:11 PM | #7 |
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Guess I could be more specific with goals.
I'd say leaning towards long term investment 10+yrs. Of course if there's something on the near horizon that you want to share like a new Amazon, Tesla, etc... |
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03-17-2021, 03:13 PM | #8 |
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03-17-2021, 03:19 PM | #11 |
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I'm not one to pretend I can time the market. It's a fools errand. But virtually every market is frothy right now. Stocks, equities, BTC, real estate, homes, used cars, businesses, etc. They're all commanding multiples way higher than the economy and their respective business models warrant.
Pretty much every excess penny my wife and I have made this past year is sitting on the sidelines waiting for the inevitable correction. Probably a fools errand, but c'est la vie |
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03-17-2021, 03:27 PM | #12 | ||
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When I want to go to the casino I buy random single stocks and scream diamond hands, too the moon!!!!!!! |
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03-17-2021, 03:30 PM | #13 | |
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dividends are key |
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03-17-2021, 05:23 PM | #15 |
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Time in the market beats timing the market.
Read this and do this. https://www.fool.com/investing/gener...ment-plan.aspx It's really as simple as that. It might not be sexy or exciting, but the returns in the long term (10+ years) will beat most everything and everyone. You certainly don't need a financial advisor either, at least not until you've got a couple million in assets. Assuming reinvestment of dividends and a very conservative 7% rate of growth, that $50K would likely be worth $125K in 10 years. If you managed 10%, you could be looking at $165K.
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03-17-2021, 06:14 PM | #16 | |
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03-17-2021, 07:43 PM | #18 | |
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03-17-2021, 10:46 PM | #21 |
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