Home     Forum     401k     401k Rollovers     Crypto Forum
    Register   Login   Members   Search   FAQs     Recent Posts    



How to invest 60k?

Reply to topic
Money Talk > Investing, Stocks and Bonds

Author Thread
irevency
New Member


Cash: $ 0.65

Posts: 3
Joined: 10 Jan 2013
Location: PA
How to invest 60k?  Reply with quote  

Soon I will be coming into some money, 60k to be exact. Very unexpected, so im struggling to figure out what to do with the money. I would like to do something that will generate income so it never fully depletes. Im still young and have many options open but wish for some guidance or recommendations, thanks.

-Revency
Post Thu Jan 10, 2013 5:02 am
 View user's profile Send private message
oldguy
Senior Member


Cash: $ 751.85

Posts: 3656
Joined: 21 May 2006
Location: arizona
 Reply with quote  

I would (and do) invest in an SP500 Index Fund at a no-load fund company such as Vanguard or Fidelity. Historically, $60k would grow to $1,300,000 in 30 years. The fund grows tax deferred. So, if you are young, that would lock in your retirement. Very Happy
Post Thu Jan 10, 2013 1:27 pm
 View user's profile Send private message
littleroc02us
Moderator


Cash: $ 384.35

Posts: 1891
Joined: 09 Feb 2009

 Reply with quote  

I think Old Guy has the best idea. I just looked at my Vanguards funds overall performance which mostly tracks the S&P 500 and I got 14.8% returns for the year. My only other question is do you have any debt and do you have any plans to buy a home in the near future?

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Thu Jan 10, 2013 2:18 pm
 View user's profile Send private message
irevency
New Member


Cash: $ 0.65

Posts: 3
Joined: 10 Jan 2013
Location: PA
 Reply with quote  

quote:
Originally posted by littleroc02us
I think Old Guy has the best idea. I just looked at my Vanguards funds overall performance which mostly tracks the S&P 500 and I got 14.8% returns for the year. My only other question is do you have any debt and do you have any plans to buy a home in the near future?


No debt.. and no plans for a house, I think old guys idea was almost exactly what i was looking for..
Post Thu Jan 10, 2013 5:26 pm
 View user's profile Send private message
irevency
New Member


Cash: $ 0.65

Posts: 3
Joined: 10 Jan 2013
Location: PA
 Reply with quote  

quote:
Originally posted by oldguy
I would (and do) invest in an SP500 Index Fund at a no-load fund company such as Vanguard or Fidelity. Historically, $60k would grow to $1,300,000 in 30 years. The fund grows tax deferred. So, if you are young, that would lock in your retirement. Very Happy


Thanks, great help. Can you explain a few things for me? What is a no load fund? And what percentage are you actually making back?
Post Thu Jan 10, 2013 5:27 pm
 View user's profile Send private message
Anton Martin
Full Member


Cash: $ 15.00

Posts: 73
Joined: 23 Nov 2012
Location: Florida, USA
Re: How to invest 60k?  Reply with quote  

quote:
Originally posted by irevency
Soon I will be coming into some money, 60k to be exact. Very unexpected, so im struggling to figure out what to do with the money. I would like to do something that will generate income so it never fully depletes. Im still young and have many options open but wish for some guidance or recommendations, thanks.

-Revency


You can invest small amount of your money in stocks, bonds and mutual funds. It can give you good returns. Other options are like insurance, such as; life insurance, health insurance and there are other insurance options also available but it depends on your need what you needed.
Post Mon Mar 25, 2013 12:09 pm
 View user's profile Send private message Visit poster's website
sosabe77
New Member


Cash: $ 0.85

Posts: 4
Joined: 05 Mar 2013
Location: de
 Reply with quote  

quote:
Originally posted by oldguy
I would (and do) invest in an SP500 Index Fund at a no-load fund company such as Vanguard or Fidelity. Historically, $60k would grow to $1,300,000 in 30 years. The fund grows tax deferred. So, if you are young, that would lock in your retirement. Very Happy


Great advice.
Post Wed Mar 27, 2013 10:38 am
 View user's profile Send private message
gilbertholdings
Contributing Member


Cash: $ 6.80

Posts: 33
Joined: 04 Mar 2013

 Reply with quote  

if you don't max out your roth ira, i'd put it in the roth. that way, the earnings will all be tax free too. it'll take a little time, but let you average into market. if you want, you could put it all in a traditional ira in the index funds, then just roll over 5k each year. just make sure you have the funds to pay the taxes.
Post Thu Mar 28, 2013 10:34 am
 View user's profile Send private message
vaduvala
Senior Member


Cash: $ 130.10

Posts: 665
Joined: 27 Feb 2018

 Reply with quote  

you can invest money on crypto currency.

what is a telecom technician? - Fieldengineer
Post Wed Sep 25, 2019 8:15 am
 View user's profile Send private message Visit poster's website
Sander2018
Full Member


Cash: $ 11.45

Posts: 83
Joined: 30 Apr 2018

 Reply with quote  

It is interesting question, I think. It is really good that you have big money for investing. You should be able to understand different specific things in this sphere for good job. It is better if you will do it on proven sites. I would like to recommend you to read info about XOM dividend https://a2-finance.com/en/issuers/exxon-mobil/dividends . I think it can be interesting for you. You can invest your money here
Post Tue Feb 02, 2021 7:00 pm
 View user's profile Send private message
vaduvala
Senior Member


Cash: $ 130.10

Posts: 665
Joined: 27 Feb 2018

 Reply with quote  

I suggest Fixed deposits (FDs) are one of the traditional investment options . If you have a lump sum at your disposal, then you can invest that in fixed deposit. FDs offer an attractive interest rate and is much higher than what a regular savings bank account provides.

what is a telecom technician? - Fieldengineer
Post Tue Nov 09, 2021 4:04 pm
 View user's profile Send private message Visit poster's website
Deen888
Senior Member


Cash: $ 41.60

Posts: 203
Joined: 14 Feb 2018
Location: Los Angeles
 Reply with quote  

Money investment issues will be always actual, no matter when the thread was created. I understood that I would hardly manage my money by myself, probably I will use services of Wealthfront or something. I even saved this info https://www.pissedconsumer.com/company/wealthfront/customer-service.html about Wealthfront for future, I think I will need it.
Post Wed Mar 30, 2022 8:33 am
 View user's profile Send private message
Alexblumalkin
Member


Cash: $ 4.60

Posts: 23
Joined: 23 Feb 2022

 Reply with quote  

What is the best way to invest $50 000?
Here are ten ways to invest 50k.
Invest with a Robo Advisor. One of the easiest ways to start investing is with a robo advisor. ...
Individual Stocks. Individual stocks represent an investment in a single company. ...
Real Estate. ...
Individual Bonds. ...
Mutual Funds. ...
ETFs. ...
CDs. ...
Invest in Your Retirement.
Post Tue Apr 12, 2022 11:22 am
 View user's profile Send private message

Goto page 1, 2  Next
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2022

Crypto Prices