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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
Making plans for that year end bonus!
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Houston downtown JW vs Westin.. Thoughts?
Book recommendations for a vacation?
Is this what winning looks like? #MAGA
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If you forgot $100K savings account I would definitely buy some long term care insurance while you still can sign your name.
Rising Star
Lord, I have seen what you have done for others. I humbly ask you to do the same for me. 🙏
Maybe put this in fam chat?
Pro
I can help you forget about it altogether if you send it to me.
Same thing happened to me recently. My grandma left me $1.5m and it totally slipped my mind for a few years. I was having too much fun grinding it out in consulting. 🤷♂️
What city are you in? I recommend you spend $1-2k to throw us a rave
Chief
We have another one coming up in October!
I don't forget about $10. How can anyone forget $100k?
H1 .. nothing like your antisemitic humor. Jews don't have enough to deal with
Rising Star
Genuine advice that I hope you listen to.
1. If you have high interest debt pay it down immediately
2. If you have very stable income and you’re sure your going to be in the same city for the next 10-15 years, then stop renting and put a down payment on a house
3. Otherwise, invest your money in markets. Your strategy should depend on your risk tolerance. On the low risk side you have t bills and money market funds which give you roughly 5% yield with no risk to principle. If your young and hungry and have some appetite for risk like me, then build a diversified portfolio with exposure to etfs, bitcoin, and potentially individual stocks that stand to benefit from AI (I like constellation energy personally but do lots of your own research)
Pro
Sure. Without getting into the real estate side of it because I don’t have enough info to advise there. But you really should not be holding 100k in cash. Your literally losing 8k dollars a year by doing that (3% for inflation and 5% of opportunity cost by not investing in the risk free rate). Put $10k aside for an emergency (that’s all you need) and invest the rest. Where the 90k should go depends on your risk tolerance. See my comment above for where you should invest depending on your risk tolerance
take a sabbatical year
Take a white lotus themed sabbatical year😂
Pay me $5000 and I will create a holistic plan for you
How’s your financial situation outside of that $100k?
Rising Star
Probably pretty good to not notice missing $100,000
Pro
This is so much better than finding $20 in a pocket when doing laundry. What you do with it depends on the state/mix of your investments and current finances.
Rising Star
At min TBill.
Other suggestions:
- ETF: VOO or QQQ etc
- Down payment on real estate
- pay down existing high interest debt
Always Deloitte.
There are quite a few people at the “D” who find large sums of money their relatives left them… I MUST SAY
Chief
Send me some, thanks k
Go on a trip SE Asia for a month. Then do something smart with it like savings/investments.
Invest if you plan to continue working …
What does this have to do with the Consulting bowl? Are you paying us for financial consulting services? If not, this is spam.
Chief
HYSA
Rising Star
Don’t listen to this
Save some, play with some, and put some to work. The percentages will entirely depend on your financial situation.