Where to invest some mad money right now......

[brianmanahan]

I continue to hear about regret/remorse on many home buyers and think the market will cool but with 2.5% mortgage rates...

that's why i'm neither hurrying up or delaying buying a house. i want to get one this year so i'll take my time, find ones that i like and can afford, and then put in offers.

not gonna go on a mad rush to get the first one i see, but also not going to wait another 3-5 years. i already did that and regret it.

 

[redgtxdi]

that's why i'm neither hurrying up or delaying buying a house. i want to get one this year so i'll take my time, find ones that i like and can afford, and then put in offers.

not gonna go on a mad rush to get the first one i see, but also not going to wait another 3-5 years. i already did that and regret it.

With rates at all time lows.....you'll do well to find a good price (or at least "value") for the property you're after. This will ensure a wise decision. I know that's often easier said than done, but sounds like you've got the right mindset!

To whoever said student loan forgiveness....yes, this pisses me off too! In my work environment, between having a hard time hiring anybody worth a sh!t and listening to employees actually say they're doing better unemployed, I've had it with the free loading, money grabbing and the gov't printing money like it grows on trees!

I submit that there are very few in this country hurting for money based on what I see and nobody knows how to seek support in any old-school ways......(family, friends, church, municipalities).....heck...the money is practically offered before the hand is even out! We here in America are drowning in first world problems!!

Let me repeat that..........AMERICANS ARE DROWNING IN FIRST WORLD PROBLEMS!

Back on topic........VTSAX FTW.

 

[RearAdmiral]

I switched our savings to hmbradley if you are looking at savings accounts for a portion. A couple minor hoops to jump through but you can earn 3%, which I currently am. I switched my wife's DD to the bank to be eligible, then once we started earning the 3% I moved all of our savings to it.

 

[redgtxdi]

I switched our savings to hmbradley if you are looking at savings accounts for a portion. A couple minor hoops to jump through but you can earn 3%, which I currently am. I switched my wife's DD to the bank to be eligible, then once we started earning the 3% I moved all of our savings to it.

That is impressive in the current market climate! Any fine print for the amount of swing they can put on that 3% ?? (or is that seriously 'locked'?)

EDIT: Ok, I just read their "Tier" system notes. So could definitely play that game or a while, but then ultimately end up down at a lower tier. Still not bad if you play the game right!

 

[Torn Mind]

I switched our savings to hmbradley if you are looking at savings accounts for a portion. A couple minor hoops to jump through but you can earn 3%, which I currently am. I switched my wife's DD to the bank to be eligible, then once we started earning the 3% I moved all of our savings to it.

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[herm0016]

real estate? we were in for years, dropped it like its hot, way too much regulatory risk in many markets, unless you are doing it with all cash.

I wired the cash to my investment guy and told him to low risk the whole thing. ~ 20 positions in stable high divided stocks, told him to go for it. the other 2 accounts with him get quarterly or better reviews and he has outperformed the markets with them.

i have company stock options and play with that account myself. Pot, biotech, financials, about 50% in etfs and 50% is stocks.

 

[KB]

If it was me I would dollar cost average into a Total Stock Index fund. Interest rates are too low not to be in the market and the market is too high to go all in.

 

[snoopy7548]

You could always just go to Vegas and bet it all on black.

 

[RearAdmiral]

That is impressive in the current market climate! Any fine print for the amount of swing they can put on that 3% ?? (or is that seriously 'locked'?)

EDIT: Ok, I just read their "Tier" system notes. So could definitely play that game or a while, but then ultimately end up down at a lower tier. Still not bad if you play the game right!

As long as you save 20% of your total deposits(DD+whatever) into the account in any given quarter, you get 3% for the following quarter. Given that it is savings I don't really take anything out so getting the 20% is easy. The only limitation is that the APR applies to up to 100k. 0% after that.

 

[manlymatt83]

The right answer here is VTWAX and chill.

But if you can’t do it all at once, set a plan to auto invest and dollar cost average.

Otherwise, you can do what I’m doing, which is selling cash secured puts on VTI 45+ days out. Premium isn’t the best — a few hundred bucks for $20,000 locked up, for example, but annualized it would be around 8% interest if I don’t end up getting assigned. And if I did, I’m ok with that because I would’ve bought anyway.

 

[dasherHampton]

Do you believe in Tesla?

TSLA $500 puts for 1/20/2023 are currently at 120.10 (I'm assuming they probably sell for more). So if you put your $50,000 in a brokerage account and sell a single TSLA $500 put for that date you'll make over $12000 - a 12% annual return over those 2 years. Not only that - you get the return immediately. Go on a cruise with hookers and blow tomorrow.

I ask again - do you believe in TSLA?

(to be sure - if anyone did that you'd want to set a limit so you don't get screwed royally).

 

[zinfamous]

Do you believe in Tesla?

TSLA $500 puts for 1/20/2023 are currently at 120.10 (I'm assuming they probably sell for more). So if you put your $50,000 in a brokerage account and sell a single TSLA $500 put for that date you'll make over $12000 - a 12% annual return over those 2 years. Not only that - you get the return immediately. Go on a cruise with hookers and blow tomorrow.

I ask again - do you believe in TSLA?

(to be sure - if anyone did that you'd want to set a limit so you don't get screwed royally).

I don't get it.

putting lazy money into VTSAX from 4 years ago has netted me 95% at time of this posting, ~60% overall for all years invested (I don't think I put anything into VTSAX over the last 1.5 years) and I never had to think about doing anything.

Cruises are where you go to get norovirus and dysentery.

Why would I do this thing that you tell me to do?

 

[dasherHampton]

I don't get it.

putting lazy money into VTSAX from 4 years ago has netted me 95% at time of this posting, ~60% overall for all years invested (I don't think I put anything into VTSAX over the last 1.5 years) and I never had to think about doing anything.

Cruises are where you go to get norovirus and dysentery.

Why would I do this thing that you tell me to do?

You make it sound like a breeze. You should open up a corner shop and help the underfortunate.

Why in the hell are people worried about making 5% when its SO EASY to make 95%?

 

[zinfamous]

You make it sound like a breeze. You should open up a corner shop and help the underfortunate.

Why in the hell are people worried about making 5% when its SO EASY to make 95%?

all I'm saying is all of this is a gamble. why do a lot of work gambling on something with ...well, insane amount of risk (one stock) for 12%, vs an index that has netted a minimum 8% each year for the last 10 years, and something like....90% over the last 3? lol.

then, you spend the next two years sweating that the 12% you already spent doesn't come back and bite you in the ass. I mean...2 years of added stress because you spent money that you didn't yet have for...what? some shit you forgot about 1.5 years ago? no thanks.

obviously, I don't understand options and certainly don't want to, other than I know it makes taxes at the end of the year complicated and stupid and something that I would inevitably pay someone else to deal with. that being said, I honestly don't get the benefit there. It was a legit question.

 

[dasherHampton]

all I'm saying is all of this is a gamble. why do a lot of work gambling on something with ...well, insane amount of risk (one stock) for 12%, vs an index that has netted a minimum 8% each year for the last 10 years, and something like....90% over the last 3? lol.

then, you spend the next two years sweating that the 12% you already spent doesn't come back and bite you in the ass. I mean...2 years of added stress for...what? some shit you forgot about 1.5 years ago? no thanks.

obviously, I don't understand options and certainly don't want to, other than I know it makes taxes at the end of the year complicated and stupid and something that I would inevitably pay someone else to deal with. that being said, I honestly don't get the benefit there. It was a legit question.

My post was just an "options curiosity" post to be sure. I don't think I'd recommend it for anyone. TSLA could drop severely.

 

[zinfamous]

My post was just an "options curiosity" post to be sure. I don't think I'd recommend it for anyone. TSLA could drop severely.

sure. like I said, I just don't get how it works, haha.

....also, I didn't realize that this was not the stock thread last night when I clicked on it and commented on your post. A lot of my confusion was why you would specifically bring up $50k to drop on Tesla puts.

 

[dasherHampton]

50K was the OP's benchmark.

 

[ponyo]

I'm telling you, there's nothing like getting 0% interest on your money. You guys should try it.

At least it's 100% FDIC insured.

EDIT: I'm going to have to be careful what information I post. I have stalkers and bots following me now.

 

[Torn Mind]

I'm telling you, there's nothing like getting 0% interest on your money. You guys should try it.

At least it's 100% FDIC insured.

Citibank actually can let you churn every half year for de facto interest. But, since the account is always closed and then a new one opened, record keeping might become tedious if you use it as a proper checking account. Their Thankyou points also can quietly add up to some gift cards, although not too great selection-wise; Home Depot is probably the best value wise.

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[dasherHampton]

I'm telling you, there's nothing like getting 0% interest on your money. You guys should try it.

At least it's 100% FDIC insured.

derp

 

[zinfamous]

50K was the OP's benchmark.

I know. like I said...only realized this morning that this was posted in this thread. Hence, why "spending 50k to earn 12k!" seemed out of left field, as I thought it was posted in the stock thread.

 

[Roger Wilco]

Load up on GME and Beanie Babies.

 

[brianmanahan]

Load up on GME and Beanie Babies.

still waiting on my rare pogs to get back to their original value

 

[zinfamous]

still waiting on my rare pogs to get back to their original value

The Ultimate Pog!

 

[Roger Wilco]

still waiting on my rare pogs to get back to their original value

Yeah, I'm diamond handing my pog collection as well. I have some pretty baller slammers too.