Related Posts
Anyone buying Eli Lilly on weakness?
If you are home buying in Texas, Colorado, or Georgia, consider Homeward- they make all cash offers and buy the house for you. Then you rent from them until you can buy it back from them with a mortgage or after selling your current home. I worked with them last year when making offer in Austin, Texas. They are very easy to work with and I had my offer accepted. Whether the fees and risks are worth it is a personal calculation, but it makes your offer competitive in an insane market.
https://www.homeward.com/about-us
Conversation Starter
Rising Star
Ugly day for tech stocks today... stock pile?
When to buy back in to triple leveraged etfs 🔮
Enthusiast
More Posts
Upside is hiring! I'm currently looking to fill three crucial roles for the Sales team at Upside including a VP of Revenue Operations, a Channel Partner Sales Director, and a Director of Account Management. Check out the job descriptions below- if you or someone you know may be interested please reach out to me directly here, or at taylor.hanna@upside.com
VP, Revenue Operations: lnkd.in/g3HArg3yChannel Partner Sales Director: lnkd.in/g-Q-dWjjDirector, Account Management: lnkd.in/gDsX5j6X
Folks does protiviti reimburse cell phone bill?
90 minutes in a nutshell
Additional Posts in Personal Investment Chatter
Pro
Conversation Starter
Ugly day for tech stocks today... stock pile?
When to buy back in to triple leveraged etfs 🔮
Conversation Starter
Bought Carnival this morning. May God help me.
New to Fishbowl?
unlock all discussions on Fishbowl.
Chief
I agree with the concerns with market volatility. The question is whether the stocks that are down the most will bounce back the most or just stay down. I moved some money from growth stocks to mid cap value stocks that I’m hoping will be less volatile. Might be prudent to be a little safer with the portion you need in 3-4 years. The rest maybe put into VOO or VTI.
VTI, plus some international. Maybe take 5-10% and invest in something risky like cryptocurrency.
If I have a 30 year horizon I would not be DCAing I would simple dump 100% into VTI and log out. Time in the market is proven to beat trying to time the market. There is never a bad time to invest when you have a long outlook.
Last week I got $333k of proceeds off of the sale of my house and immediately bought VTI.
Whatever you do, just remember, cash is trash.
I'm planning on going to business school in a few years so I'm going to need to pull out ~200k in 3-4 years. I also haven't changed my lifestyle at all since inheriting the money and haven't told anyone since I don't want it to affect my relationships.
Enthusiast
It depends on the school and career goals. It’s great if you want to pivot or if you want to land in C-Suite one day.
There is a career ceiling without it, but only in certain firms/industries/roles.
Rising Star
Short term market volatility is irrelevant, at at your age, its all long term ;)
Only thing I would do besides 100% VTI is real estate. I dont mean a house for yourself - you're too young to tie yourself down. Buying a place you can rent with a 20-30y fixed loan out gives you a tax shelter and the hedge against inflation you want (coz later payments will be made in cheaper dollars) And it sets up a passive income stream. If you want less headaches with it, you could pay a property mgmt company.
But if you don't want to mess with all that, putting all it in VTI is fine
talk to some professionals since this is definitely a larger sum of money. maybe your friends use financial advisors (you can always shop around). If real estate, talk to a mortgage loan originator.
Have you considered real estate? Part of that amount could be useful for a down payment in a good primary residence that you can live in now and then plan to rent once you move out. Maybe something like a new-construction townhome? Something to consider.
My wife and I used this strategy to get our first investment property. We purchased in an up and coming area in MCL city. Lived there 3 years and now rent it.
Also since we purchased in an early stage of townhome development, they continued raising prices rapidly and we’ve seen loads of appreciation
Might as well put a bit in I-bonds, given the high rate. Only $10K per year, so it’s only a small portion of what you have, but might help you feel like you’ve hedged a bit.
Enthusiast
Don’t forget the taxes. The worst would be selling stocks in April of 2023 to pay the tax bill.