How to invest large chunk of money...

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01-24-2021, 07:20 PM

#11

Excargodog

Perennial Reserve

Joined APC: Jan 2018

Posts: 10,594

Quote:

Originally Posted by Rama

Don't know your age, but retirement and avoiding taxes may become more important as that gets closer.
The fund is a good way to go for some of it, but more than likely taxes will go up in the future and a strategy to avoid paying more than you really have to is worth considering.
Or as have been told many times "Seek professional help."

I personally regard professional financial advisers sort of like Socialism. I think it’s a terrible system, but for those who only know how to make bad decisions, Socialism really is to their advantage. They really aren’t ever going to get to their full potential, but H€||, they weren’t going to get there anyway.

i,ve got a buddy that has lost SEVERAL fortunes in the stock market because - as he admits himself - he really can’t distinguish investing from gambling ( and he can’t stop himself from drawing for an inside straight). So yeah, he actually NEEDS to pony up the 2% off the top that most good financial advisors charge, and because of that his investments will lag mine by 2%. That’s no big deal, until you compound it for ten or twenty years...

But at least he won’t have blown it all on Bolivian tin futures.

04-10-2021, 08:17 AM

#12

Winston

Squawking 2000

Joined APC: Jul 2015

Position: Skeptical

Posts: 737

3 months into 2021 and the SP500 is up 9.92% YTD.

https://www.marketwatch.com/investing/index/spx

Obviously a long way to go, but at this first HOWGOZIT checkpoint those maxing out ASAP are horse-lengths ahead of those dollar cost averaging.

04-11-2021, 04:12 AM

#13

GogglesandScarf

New Hire

Joined APC: Apr 2021

Posts: 2

Quote:

Originally Posted by Winston

“Time in the market” is usually better than trying to “time the market”

07-17-2021, 05:46 PM

#14

Lucy

On Reserve

Joined APC: Apr 2020

Posts: 10

I like ETF's as they are traded like a stock. Markets are moving rapidly so I cannot recommend a particular fund. NAIL, SOXL, and TQQQ returned triple digit gains over the last year, dumped both NAIL and SOXL this week, they're all done.

07-29-2022, 06:33 AM

#15

journeytolegacy

On Reserve

Joined APC: Jul 2022

Posts: 17

Quote:

Originally Posted by Snuffaluffagus

I am selling my old house I purchased in 2013 and now it's a hot seller's market where I live. I'll probably be putting about 160-170k in my pocket after paying off the loan, realtor fees etc. I have an individual trading account on Fidelity and I was thinking of investing it in FSKAX or another total market fund, but also don't want to put my eggs in one basket. I'm not really interested in purchasing more real estate at this time.

My 2021 Roth contribution is already fulfilled.

Thanks

I think that you could invest in a regular brokerage account if you are already maxed in your Roth. I also use Fidelity for this and with a ROTH IRA because it is such a trustworthy brokerage. Index funds aren't too risky if that is all you want to invest in. If you want to have more risk, you could put money in some single stock, big companies that are continuously growing and innovating. First ones that come to mind are Apple and Amazon.

07-29-2022, 11:30 AM

#16

TipTanks

Gets Weekends Off

Joined APC: Dec 2021

Posts: 212

Put it in FZROX and forget about it.

If you're wanting a smoother ride, do 70% FZROX and 30% in FXNAX.

*not a financial advisor. And I don't recommend taking financial advice from pilots...other than myself.