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

[Captante]

What a bunch of sad and pathetic suggestions!


Obviously MY PAYPAL is the ONLY correct answer!

 

[redgtxdi]

And I should address the 401k comments....Already maxed out *and* contribute to my own separate Roth as well.

And again.....zero debt.

And the money's already at Allied (that's where the CD is) and it's in the HY savings now (and, yes, waaay down at a whopping 0.5%) thus my plight.

 

[s0me0nesmind1]

And I should address the 401k comments....Already maxed out *and* contribute to my own separate Roth as well.

And again.....zero debt.

And the money's already at Allied (that's where the CD is) and it's in the HY savings now (and, yes, waaay down at a whopping 0.5%) thus my plight.

Max out an HSA and do a Backdoor ROTH or even Mega Backdoor Roth if your employer plan allows for it

Aside from that, take risks with individual stocks if you want, but I recommend tax advantage accounts I mentioned above over taxed.

 

[brianmanahan]

you can always start a taxable account if the tax-advantages accounts are all maxed

 

[redgtxdi]

Max out an HSA and do a Backdoor ROTH or even Mega Backdoor Roth if your employer plan allows for it

Aside from that, take risks with individual stocks if you want, but I recommend tax advantage accounts I mentioned above over taxed.

Not an HSA fan but not entirely opposed. We have good medical/dental as wife works for an insurance co., but anything to avoid taxes is attractive to me.

And I'm just not a big individual tax guy. I'd buy something so blue chip that I might as well VTSAX anyway & sleep better at night. (But maybe a little mad money, we'll see)

 

[s0me0nesmind1]

Not an HSA fan but not entirely opposed. We have good medical/dental as wife works for an insurance co., but anything to avoid taxes is attractive to me.

And I'm just not a big individual tax guy. I'd buy something so blue chip that I might as well VTSAX anyway & sleep better at night. (But maybe a little mad money, we'll see)

HSAs are EPIC. If you're not a fan than become one.

There is no other investment account that is triple-tax advantage. Period. No taxation on the input (deposit) into HSAs. No taxation on the investments. No taxation on the payouts - presuming it's for medical purposes - which anyone who gets old will eventually have. Even if you don't - you can still take funds out and simply pay tax on it like it's a 401k if you don't have healthcare expenses.

I have an HSA for the last 5+ years, and take zero money out - invest it all - and 20 years down the line during retirement I can use all of the healthcare expenses I've had over the years to take those investments out at ANY time.


Also in general high deductible plans are the best bang for your buck in most instances.

If you don't use a lot of healthcare - then you pay the least month to month - and it's there if you need it.

If you DO use a lot of healthcare - then you pay the least month to month and simply have the beginning of the year to fill up your deductible/max out of pocket.


Things like PPO insurances are only more helpful when you have "middle of the road" for healthcare expenses.

 

[ponyo]

And I should address the 401k comments....Already maxed out *and* contribute to my own separate Roth as well.

And again.....zero debt.

And the money's already at Allied (that's where the CD is) and it's in the HY savings now (and, yes, waaay down at a whopping 0.5%) thus my plight.

Just keep it in cash. Cash is not trash. I keep decent amount in my regular checking account so I don't have to worry about paying any common bill. I don't care about shit interest they're paying right now. All my accounts pay ~0% in interest. And I'm fine with that because liquidity has value. Cash gives you liquidity and that's worth something. In a downturn, cash and liquidity are king. If right opportunity comes knocking, I have cash I can deploy. I don't need to force anything. Warren Buffett typically keeps about 30% cash. Seth Klarman keeps around 25-30% cash position as well.

https://finance.yahoo.com/news/seth-klarman-explains-why-holding-202734989.html

 

[Brainonska511]

HSAs are EPIC. If you're not a fan than become one.

There is no other investment account that is triple-tax advantage. Period. No taxation on the input (deposit) into HSAs. No taxation on the investments. No taxation on the payouts - presuming it's for medical purposes - which anyone who gets old will eventually have. Even if you don't - you can still take funds out and simply pay tax on it like it's a 401k if you don't have healthcare expenses.

I have an HSA for the last 5+ years, and take zero money out - invest it all - and 20 years down the line during retirement I can use all of the healthcare expenses I've had over the years to take those investments out at ANY time.


Also in general high deductible plans are the best bang for your buck in most instances.

If you don't use a lot of healthcare - then you pay the least month to month - and it's there if you need it.

If you DO use a lot of healthcare - then you pay the least month to month and simply have the beginning of the year to fill up your deductible/max out of pocket.


Things like PPO insurances are only more helpful when you have "middle of the road" for healthcare expenses.

HSAs are great, if you know how to work your HDHP. The two issue for HSAs are to watch out for eligibility rules and how you can contribute. 1) If you or a spouse has an FSA, no HSA for you, even if one or both have an HDHP. 2) you only save on SS taxes if you can contribute directly through your paycheck, afaik.

 

[ultimatebob]

Just keep it in cash. Cash is not trash. I keep decent amount in my regular checking account so I don't have to worry about paying any common bill. I don't care about shit interest they're paying right now. All my accounts pay ~0% in interest. And I'm fine with that because liquidity has value. Cash gives you liquidity and that's worth something. In a downturn, cash and liquidity are king. If right opportunity comes knocking, I have cash I can deploy. I don't need to force anything. Warren Buffett typically keeps about 30% cash. Seth Klarman keeps around 25-30% cash position as well.

https://finance.yahoo.com/news/seth-klarman-explains-why-holding-202734989.html

I'm all about keeping a cash emergency fund with six months of living expenses in it. I also like to keep about 10% cash in my portfolio, so I can buy up stocks on the cheap in the middle of a market panic like I did with Tesla.

You're missing out on some serious capital growth if you're leaving big piles of cash sitting in the bank making under 1% interest, though.

 

[Torn Mind]

ZBRA is a promising stock.

If you want to do some banking shenanigans, Doctor of Credit and similar sites are there for you to parse.

You could just go all in on DraftKings......

 

[ultimatebob]

What a bunch of sad and pathetic suggestions!


Obviously MY PAYPAL is the ONLY correct answer!

Dammit, I don't think that anybody has even mentioned hookers and blow, either.

We're getting old, man

 

[ponyo]

nm

 

[redgtxdi]

Bob.....Indeed!! I used to come here feverishly plowing through computer hardware endeavors....and now, I'm typing on a laptop I bought right here in the FS/FT forum about 8 years ago and not giving a rat's ass because how I concern myself with how to get out of the rat race and make wise financial decisions. (Maybe hookers & blow is smarter than I think....LOL)

And, yes, I'm sitting on probably too much cash, but I too, like liquidity. My dad lived thru '87 crash while I've dealt with the mid 90's, 9/11, '08/'09 and now friggin' Covid. Liquidity is definitely valuable to me!!

Tom------- Why ZBRA? (I know them a little since we labeled our entire warehouse with their stuff and almost every UPS Worldship system uses their printers as well. Any particular news for them??

Thx....from the rocking chair!

 

[Torn Mind]

Bob.....Indeed!! I used to come here feverishly plowing through computer hardware endeavors....and now, I'm typing on a laptop I bought right here in the FS/FT forum about 8 years ago and not giving a rat's ass because how I concern myself with how to get out of the rat race and make wise financial decisions. (Maybe hookers & blow is smarter than I think....LOL)

And, yes, I'm sitting on probably too much cash, but I too, like liquidity. My dad lived thru '87 crash while I've dealt with the mid 90's, 9/11, '08/'09 and now friggin' Covid. Liquidity is definitely valuable to me!!

Tom------- Why ZBRA? (I know them a little since we labeled our entire warehouse with their stuff and almost every UPS Worldship system uses their printers as well. Any particular news for them??

Thx....from the rocking chair!

I don't have anything strong to say. Just a novice's intuition since that stock seems to have a history of rising.
They recently had an earnings beat and big money jacked up their price to end the last week. .

 

[purbeast0]

Marking this thread because I am kind of in the same boat. Thinking of dumping it into that VTSAX thing possibly but want to research more. I'm such a pussy when it comes to this kind of stuff.

 

[zinfamous]

HSAs are great, if you know how to work your HDHP. The two issue for HSAs are to watch out for eligibility rules and how you can contribute. 1) If you or a spouse has an FSA, no HSA for you, even if one or both have an HDHP. 2) you only save on SS taxes if you can contribute directly through your paycheck, afaik.

plus all the hoops and records you need to keep, for life, to take advantage of an HSA, if you're only reason for having one is purely tax-savings/investment basis. As great as they are, it's a lot of commitment to plan to deal with many years down the road....but then, you expect to have actual medical needs in those years (that's the point), so even if you aren't going to back pay yourself twenty years from now for medical costs today, you are still very likely to find a use for that cash.

....and then HSA still has, and will always have, the lingering smell of "how long will this type of tool exist/be legal"? No one knows really, and anyone that thinks they do is an idiot.

 

[zinfamous]

Bob.....Indeed!! I used to come here feverishly plowing through computer hardware endeavors....and now, I'm typing on a laptop I bought right here in the FS/FT forum about 8 years ago and not giving a rat's ass because how I concern myself with how to get out of the rat race and make wise financial decisions. (Maybe hookers & blow is smarter than I think....LOL)

And, yes, I'm sitting on probably too much cash, but I too, like liquidity. My dad lived thru '87 crash while I've dealt with the mid 90's, 9/11, '08/'09 and now friggin' Covid. Liquidity is definitely valuable to me!!

Tom------- Why ZBRA? (I know them a little since we labeled our entire warehouse with their stuff and almost every UPS Worldship system uses their printers as well. Any particular news for them??

Thx....from the rocking chair!

We're all dumb. Here, I found what you need to do with your money and I already did all the work for you (Assuming the options I picked were saved...)

Site Maintenance

www.chevrolet.com

And hey, this could be an investment, first gen C8 with ZR packaged, assuming few of those are around 25 years from now.....hard to say though. Chevy makes cheap cars.

 

[Brainonska511]

plus all the hoops and records you need to keep, for life, to take advantage of an HSA, if you're only reason for having one is purely tax-savings/investment basis. As great as they are, it's a lot of commitment to plan to deal with many years down the road....but then, you expect to have actual medical needs in those years (that's the point), so even if you aren't going to back pay yourself twenty years from now for medical costs today, you are still very likely to find a use for that cash.

I just keep an excel spreadsheet to track my contributions, any distributions, and catalog my receipts. Works for me, but I can see how it would be a handful for others.

 

[dullard]

plus all the hoops and records you need to keep, for life, to take advantage of an HSA, if you're only reason for having one is purely tax-savings/investment basis. As great as they are, it's a lot of commitment to plan to deal with many years down the road....but then, you expect to have actual medical needs in those years (that's the point), so even if you aren't going to back pay yourself twenty years from now for medical costs today, you are still very likely to find a use for that cash.

....and then HSA still has, and will always have, the lingering smell of "how long will this type of tool exist/be legal"? No one knows really, and anyone that thinks they do is an idiot.

It isn't really very hard. Every medical bill goes into a file. Once per year, you file a form (two if married) filled almost entirely with zeros to the IRS.

If the HSA does end at some point in the future, you don't just lose your money. You still have all those years worth of medical bills in that file to reimburse yourself with before the HSA goes away. Remember you get to reimburse yourself with any medical bill that you had from the time the HSA opened. In fact, it might be a good idea to fully* fund an HSA just one time to lock in all the years of medical bills you might have from now on as tax savings.

Where work does come in is if you want to save money with good prices. With an HSA, you get the option of the cash price or the insurance price for everything. Sometimes the cash price is cheaper, sometimes the insurance price is cheaper, sometimes just going to the pharmacy across the street can cost 1/10th the price for the same prescription. Etc. So, if you want to do work and shop around, then you can save a small fortune. But, that is not easy since many medical items do not have a set price and you have to pry that information out of them.



* I say fully fund, because many HSA accounts have monthly fees if they have a small balance that goes away once you have a few grand in there.

 

[ponyo]

“Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffett.

I see lot of greed right now. Stock market, crypto, and residential housing prices are at all time high. People who have never invested in the stock market are all asking what stocks to buy and how they can invest. Certain stocks are doubling and tripling in prices in weeks. People's portfolio are up 50% in a month or two, and they think that's normal and they're genius stock picker/investor. Fed money printer and super low interest rate environment have people thinking "stonks only go up!" Right now, that's pretty much true. But that won't always be the case. But no one knows the timing.

I have a distant relative who knows basically nothing about the stock market and was never interested in stocks who called me like 2 weeks ago and happily bragged he made 105% return last year from the market. He was so happy and elated. He knows I follow the market. He asked me how I did so I lied and said I did horrible and sold everything at the bottom during the Covid crash in March and never bought back in and just watched in horror as everything recovered without me. I didn't want him to know the truth how I really did and make him feel bad. I want everyone in my real world to think I'm struggling bad.

Everyone I talk to now, all they want to talk about are stocks and the market. It's crazy. Current environment is so eerie and similar to the Dotcom days. Stocks and the market were all people wanted to talk about during the Dotcom boom. I was young and fresh out of college back then. I made over million dollars riding the wave and hype back then only to lose it all. I was too inexperienced and too full of myself. I thought guys like Buffett were dinosaurs and didn't know anything about the new economy. But you have to remember rich old people run the show. They don't like it when they have to compete with you to make reservation at their favorite shows, restaurants, destinations because everyone is making money and feeling rich. Right now, that's not a problem because everything is shutdown and closed. But when things open back up, rich people are not going to like having to share or wait in line. So they will try to make people poor again. Fed will make some excuse the economy is too heated and start raising interest rate. And the market will freak out. But until then, party like it's 1999 and make your money. Grab your share of the pie before someone grabs it. Get what's yours before things return to norm.

I hope I didn't sound too negative and bearish. Because I'm not. I'm still heavily invested in the market. But I'm also holding decent cash position. History doesn't repeat but often rhymes. So I'm bullish yet cautious. There are lot of things to be bullish about but I'm seeing warning signs. So I'm just being little cautious. When you're poor, capital appreciation is more important than capital preservation. Opposite is true when you're rich.

 

[Mai72]

The dogecoin is the future. It might even replace the dollar. Would that face lie...

 

[SunnyD]

Bitcoin, fintech, pharma, space tech and weed.

 

[Dr. Detroit]

“Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffett.

I see lot of greed right now. Stock market, crypto, and residential housing prices are at all time high. People who have never invested in the stock market are all asking what stocks to buy and how they can invest. Certain stocks are doubling and tripling in prices in weeks. People's portfolio are up 50% in a month or two, and they think that's normal and they're genius stock picker/investor. Fed money printer and super low interest rate environment have people thinking "stonks only go up!" Right now, that's pretty much true. But that won't always be the case. But no one knows the timing.

I was thinking the COVID recession would be a repeat of 2008 but it didn't happen and I missed out greatly as I was looking to buy property. The Govt stepped in and started printing money right away - from $1200 checks to an extra $600/wk in UE benefits, to loan forebearance, to PPP loans.

I managed to drop an extra ~$50K into the market at DOW 25,000 and $180K in at DOW 20,500 but kept a lot of cash handy to buy a property or two or three. FOOL I WAS!

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

We might just be in a bubble - On TikTok, where young investors have turned for investment advice, videos on how to turn your “stimmy” into thousands of dollars are making the rounds.

 

[s0me0nesmind1]

I was thinking the COVID recession would be a repeat of 2008 but it didn't happen and I missed out greatly as I was looking to buy property. The Govt stepped in and started printing money right away - from $1200 checks to an extra $600/wk in UE benefits, to loan forebearance, to PPP loans.

I managed to drop an extra ~$50K into the market at DOW 25,000 and $180K in at DOW 20,500 but kept a lot of cash handy to buy a property or two or three. FOOL I WAS!

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

We might just be in a bubble - On TikTok, where young investors have turned for investment advice, videos on how to turn your “stimmy” into thousands of dollars are making the rounds.

Next up is magically writing off $50k in student loans for anyone that wants it

But anyhow, I have my regrets too - I sold off too soon on my TSLA holdings and Chipotle holdings.

Oh well, in the end I'm not going to cry about winning too little.

At the end of the day, I still pump monthly (and every paycheck) into Index funds that take the average of everything, so I'm not missing out on much no matter what.

 

[dasherHampton]

I just want those kids to keep buying options from me. It'll make you rich!!!!

Options commonly sell for 50-60% more than they line up at these days.

iirc CRSR was at 3.80 when I first looked, 4.50 when I lined up the order, and sold for 5.80. All within a couple of minutes.