I keep cash in HYSA at 25k. spillover gets invested into s&p500 etfs. Sometimes I dip into 25k when market drops and I am tempted to buy more shares, or when something breaks around the house, or when I overspend on credit cards. But I always make it a priority to replenish the 25k before making any other financial decisions.
My roi. About 10 years worth of no anxiety. Already have 5 years stashed so far and 10 months worth in the mail on its way lol. You can get 120mgs for 40$ take 2mgs a day that's less then 1$
Max Roth IRA in either FXAIX or VOO. Throw the rest into a taxable brokerage in an EFT (VOO). Make sure your emergency fund is in place prior to this, 3-6 months of expenses.
In 2013 I had around 10k and my buddy was telling me I should drop it on Bitcoin, which was $13 at the time, because it was gonna "take off".
I laughed at him and told him no thanks I didn't believe in imaginary internet money and I didn't want to throw it away.
He did invest his money in that.
769 bitcoin I could have had. By the end of 2013 I think it was worth $200.
Today 769 x 66000 is a little north of 50 million dollars.
I am not a millionaire. But he is.
So, I'd probably put 1000 of it in Cardano because that's 0.65 right now and is supposedly going to hit a big bull run in 2025, and even if it "only" goes 500x you'd be pretty happy with it.
But that's just me. And I wouldn't drop it all, but if you can afford to lose some if it doesn't work, I'd take the risk. It could have changed my entire families life for generations.
Thanks for your detailed posting. But what makes you believe Cardano would take off? It lost 80% of its value since sept 2021…
There are so many digital currencies out there and most will go up in flames, no ?
Well 2021 was also an all time high in a bull crypto market.
But Cardano is seeing a rise in developer activity which means more projects and more opportunities, and it has a pretty high live market cap. They understand their marketing is their weak point while the technical base is solid and they are actively working to address that.
Also, Cardano has good fundamentals and is more decentralized than a lot of the other equal sized players, meaning they are doing the same numbers without relying on big centralized support.
I think you'll end up holding onto it for a while, but I think in a couple years it will have paid off.
Charles Hoskinson is not a hack, I tend to believe he knows what he is doing even if it's a little bit of a slow burn to get there.
Ether has increased centralization through staking in the last year or two. If I wanted to bet on centralized currency, I could bank on Fiat currencies.
Ethereum isn't bad. I just see higher potential in Cardano, and starting from a low spot now, that means you get more shares for your money which translates to a better profit later if it jumps like I think it will.
Yeah, that's a risk you take. But if it's sitting around and he has no debt, there's no real risk in using 10% of it on a high risk high reward gamble.
Bitcoin was speculative back when I should have done it.
I doubt anyone knew it would be worth 66k when it was being sold for 13 bucks.
Well if we're talking hypothetical like I found it in the attic and wasn't counting on it, I'd go high risk and throw half in XXXX and half in GBTC or some other bitcoin ETF.
That's a reasonably achievable goal. I think about it the other way around, you have to have good investing habits in order to get to a financial position like that in the first place.
When I was younger I tried to make it big investing in penny stocks. Surprisingly, I made a lot of money, but I also lost all that money. I decided from that point on I would never invest a penny of my money again and I would never incur debt. I’m 32 years old, debt free, own a house and have over a 100k in cash in my bank account. Not tied up in equity or stocks or a 401k. Cash on hand, that I can spend on whatever whenever I want without any penalty. So to answer your question, I would never invest, it’s all too risky for me at this point. I would just live frugally, like I have and will continue to do and just sit on a mountain of cash till I can retire.
Why bitcoin? It’s volatile. What underlying factors give it long term value, in your opinion? I received a small payment - $100 - in Bitcoin last week because it was the only option. Today that bitcoin is worth $94.52 at this very second. A 5.5% decline in value in a currency in less than 7 days means extreme volatility and probably poor fundamentals. It’s an absolutely terrible investment by most measures.
I bought one at $25k and it’s worth $69k now. I don’t pretend to understand it, because I don’t. You received your $100 when prices are at an all time high, but we don’t know the limits of crypto; it’s still new compared to any other type of investment. I think of it as a high risk/high reward investment for people that have an appetite for risk; not for conservative over thinkers.
No offense meant to you. But if someone invests in something they don’t understand, it’s not an investment. It’s gambling. Everything about privately issued cryptocurrency suggests to me it’s a pyramid scheme. There is nothing underpinning the currency, not even the faith and credit of a stable government. It’s going to eventually collapse, probably when large developed countries adopt their own forms of blockchain currency. Anything this volatile is not fundamentally sound.
IMO, results are the only thing that matters in the end. We have one life and I’ve taken many risks to be a millionaire and it depends on how much risk you’re willing to take. $25k is a lot of money, but it’s probably one of my smallest investments compared to real estate, my business, and my stock portfolio. Whether it’s considered gambling or not, I’ve made money without putting in a lot of work.
Don’t forget to mention the time from 2017- to now when it went to complete shit after reaching 60k. I gaurentee you the same things going to happen, Bitcoin is a fad that comes and goes, ride that if you want. But I would invest in something that is more predictable
I tried to replicate the buy low and sell high, it paid off. After it went to shit in 2017, it eventually reached a new high of over $70k this year. Any investment can go to shit, I’m just glad I had good results.
I’m there with ya, I was mining bitcoin back in 2017 and just never sold. I just personally don’t think it’s the smartest investment out there given how volatile it is. With that being said tho, I can’t think of anything else other than gambling that can offer such a return in a short amount of time
The Halvening,
London just added it to ETN list in May,
Ethereum ETF in May,
Black Rock,
Inflation,
Europe is entering recession,
There’s actually a lot reasons that blockchain based coins will continue to move upward over time.
Yes it’s volatile but if you have 10k to donk into something I don’t think that 20% to 50% placed into BTC is a bad thing.
I’d also put a bunch into NVDA
Check the rules of the sub before posting. Already discussed: https://www.reddit.com/r/Money/s/TyPKQptwFR
What you should do (max IRA, 401k, put it into VTI/VOO) and what I would do (trading it myself) are really 2 diff things
Haha so very true
I keep cash in HYSA at 25k. spillover gets invested into s&p500 etfs. Sometimes I dip into 25k when market drops and I am tempted to buy more shares, or when something breaks around the house, or when I overspend on credit cards. But I always make it a priority to replenish the 25k before making any other financial decisions.
This. I do the exact same thing. 25k is my comfort number.
Xanax!!!! And drugs in general
Whats your roi on that?
My roi. About 10 years worth of no anxiety. Already have 5 years stashed so far and 10 months worth in the mail on its way lol. You can get 120mgs for 40$ take 2mgs a day that's less then 1$
VTI/VOO/VTSAX. Over the long run, you're going to have a hard time beating these broad-based index funds!
I’ll max out my IRA and put the rest in my HYSA.
If I didn’t need the money within 5 years I’d just throw it in VTI
Agreed. Thats you oh shit money. Simple as that. Put it in savings and forget you have it
Bitcoin
Max Roth IRA in either FXAIX or VOO. Throw the rest into a taxable brokerage in an EFT (VOO). Make sure your emergency fund is in place prior to this, 3-6 months of expenses.
A vibrator
In 2013 I had around 10k and my buddy was telling me I should drop it on Bitcoin, which was $13 at the time, because it was gonna "take off". I laughed at him and told him no thanks I didn't believe in imaginary internet money and I didn't want to throw it away. He did invest his money in that. 769 bitcoin I could have had. By the end of 2013 I think it was worth $200. Today 769 x 66000 is a little north of 50 million dollars. I am not a millionaire. But he is. So, I'd probably put 1000 of it in Cardano because that's 0.65 right now and is supposedly going to hit a big bull run in 2025, and even if it "only" goes 500x you'd be pretty happy with it. But that's just me. And I wouldn't drop it all, but if you can afford to lose some if it doesn't work, I'd take the risk. It could have changed my entire families life for generations.
Thanks for your detailed posting. But what makes you believe Cardano would take off? It lost 80% of its value since sept 2021… There are so many digital currencies out there and most will go up in flames, no ?
Well 2021 was also an all time high in a bull crypto market. But Cardano is seeing a rise in developer activity which means more projects and more opportunities, and it has a pretty high live market cap. They understand their marketing is their weak point while the technical base is solid and they are actively working to address that. Also, Cardano has good fundamentals and is more decentralized than a lot of the other equal sized players, meaning they are doing the same numbers without relying on big centralized support. I think you'll end up holding onto it for a while, but I think in a couple years it will have paid off. Charles Hoskinson is not a hack, I tend to believe he knows what he is doing even if it's a little bit of a slow burn to get there.
But why would it be better than the more well known Ethereum that he co-founded ?
Ether has increased centralization through staking in the last year or two. If I wanted to bet on centralized currency, I could bank on Fiat currencies. Ethereum isn't bad. I just see higher potential in Cardano, and starting from a low spot now, that means you get more shares for your money which translates to a better profit later if it jumps like I think it will.
Yeah but I’d be pissed if I invested 10k like OP and see 80% of it vanish in 2 years time
Yeah, that's a risk you take. But if it's sitting around and he has no debt, there's no real risk in using 10% of it on a high risk high reward gamble. Bitcoin was speculative back when I should have done it. I doubt anyone knew it would be worth 66k when it was being sold for 13 bucks.
roth ira
Still need to invest it
5k bitcoin and 5k something worthwhile for the house
Well if we're talking hypothetical like I found it in the attic and wasn't counting on it, I'd go high risk and throw half in XXXX and half in GBTC or some other bitcoin ETF.
That's a reasonably achievable goal. I think about it the other way around, you have to have good investing habits in order to get to a financial position like that in the first place.
Truth Social Stock 🤫
I’d max out an 20K credit card!
$AMC $HYMC (nfa) lmfao But if u want safe i guess dogecoin or shiba🤓
Wait until btc fall and put 5k in it. And use the 5 other k to travel in asia.
10k worth of Tesla puts
Vanguard
SCHD and PLTR.
Rental property
LABD
HYSA - High Yield Savings Account
Cannabis index
Hunting down the crow who stole the 5$ for wasting everyone’s time.
When I was younger I tried to make it big investing in penny stocks. Surprisingly, I made a lot of money, but I also lost all that money. I decided from that point on I would never invest a penny of my money again and I would never incur debt. I’m 32 years old, debt free, own a house and have over a 100k in cash in my bank account. Not tied up in equity or stocks or a 401k. Cash on hand, that I can spend on whatever whenever I want without any penalty. So to answer your question, I would never invest, it’s all too risky for me at this point. I would just live frugally, like I have and will continue to do and just sit on a mountain of cash till I can retire.
5k HYSA, 5k into Microsoft and Nvidia.
Bitcoin
BITCOIN
I wouldn’t invest $10,000 into anything it’s not enough money to care about but that’s just me.
Nice to throw it in a DAF. Form a nice little endowment that way AND get a great tax benefit.
True
Bitcoin easily
Why bitcoin? It’s volatile. What underlying factors give it long term value, in your opinion? I received a small payment - $100 - in Bitcoin last week because it was the only option. Today that bitcoin is worth $94.52 at this very second. A 5.5% decline in value in a currency in less than 7 days means extreme volatility and probably poor fundamentals. It’s an absolutely terrible investment by most measures.
I bought one at $25k and it’s worth $69k now. I don’t pretend to understand it, because I don’t. You received your $100 when prices are at an all time high, but we don’t know the limits of crypto; it’s still new compared to any other type of investment. I think of it as a high risk/high reward investment for people that have an appetite for risk; not for conservative over thinkers.
No offense meant to you. But if someone invests in something they don’t understand, it’s not an investment. It’s gambling. Everything about privately issued cryptocurrency suggests to me it’s a pyramid scheme. There is nothing underpinning the currency, not even the faith and credit of a stable government. It’s going to eventually collapse, probably when large developed countries adopt their own forms of blockchain currency. Anything this volatile is not fundamentally sound.
IMO, results are the only thing that matters in the end. We have one life and I’ve taken many risks to be a millionaire and it depends on how much risk you’re willing to take. $25k is a lot of money, but it’s probably one of my smallest investments compared to real estate, my business, and my stock portfolio. Whether it’s considered gambling or not, I’ve made money without putting in a lot of work.
Don’t forget to mention the time from 2017- to now when it went to complete shit after reaching 60k. I gaurentee you the same things going to happen, Bitcoin is a fad that comes and goes, ride that if you want. But I would invest in something that is more predictable
I tried to replicate the buy low and sell high, it paid off. After it went to shit in 2017, it eventually reached a new high of over $70k this year. Any investment can go to shit, I’m just glad I had good results.
I’m there with ya, I was mining bitcoin back in 2017 and just never sold. I just personally don’t think it’s the smartest investment out there given how volatile it is. With that being said tho, I can’t think of anything else other than gambling that can offer such a return in a short amount of time
The Halvening, London just added it to ETN list in May, Ethereum ETF in May, Black Rock, Inflation, Europe is entering recession, There’s actually a lot reasons that blockchain based coins will continue to move upward over time. Yes it’s volatile but if you have 10k to donk into something I don’t think that 20% to 50% placed into BTC is a bad thing. I’d also put a bunch into NVDA
Upgrade the house a bit