irevency
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How to invest 60k? |
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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
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Thu Jan 10, 2013 5:02 am |
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oldguy
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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.
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Thu Jan 10, 2013 1:27 pm |
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littleroc02us
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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)
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Thu Jan 10, 2013 2:18 pm |
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irevency
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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..
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Thu Jan 10, 2013 5:26 pm |
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irevency
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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.
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?
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Thu Jan 10, 2013 5:27 pm |
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Anton Martin
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Re: How to invest 60k? |
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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.
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Mon Mar 25, 2013 12:09 pm |
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sosabe77
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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.
Great advice.
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Wed Mar 27, 2013 10:38 am |
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gilbertholdings
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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.
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Thu Mar 28, 2013 10:34 am |
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Sander2018
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Tue Feb 02, 2021 7:00 pm |
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vaduvala
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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
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Tue Nov 09, 2021 4:04 pm |
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Deen888
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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.
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Wed Mar 30, 2022 8:33 am |
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Alexblumalkin
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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.
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Tue Apr 12, 2022 11:22 am |
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