What to do with 500k cash

New / Other
MachoMan

New Other

PRE
Microsoft
BIO
Security guy
MachoManmore
Sep 21, 2017 522 Comments

I’ve been saving every penny and dime ever since i started working. (7 yrs). I don’t own a house but have paid off all my debts. I hate being in debt and mortgage system and don’t feel like buying any property in insanely expensive bay area. Any recommendations for a better investment area than stocks ? (PS: plz no crypto bitcoin nonsense)

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TOP 522 Comments
  • Google / Eng
    goog|e

    Google Eng

    PRE
    Microsoft
    goog|emore
    No house. No stocks. No crypto. Cash is the only option I see.
    Sep 21, 2017 17
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      I make about $300 in total comp from my day job, anywhere from 30-50k extra per annum from consulting work
      Sep 22, 2017
    • Entertainment Partners / Product
      yohoyoho

      Entertainment Partners Product

      BIO
      Product Management
      yohoyohomore
      Nice. What do work as?
      Sep 22, 2017
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      (infosec) Security engineer
      Sep 22, 2017
    • Lumileds / Other
      AtypicalHR

      Lumileds Other

      BIO
      HRBP
      AtypicalHRmore
      True story: knew a girl in infosec who made ~375k annually. No degree. Brilliant lady, though.
      Sep 24, 2017
    • Anima App cxKH50
      You don't need a green card to start your own business. You just can't work and get a salary from it.
      Oct 5, 2017
  • Microsoft ThinkSc@l3
    Hookers, blow and a fire truck
    Sep 21, 2017 9
    • Uber ochl84
      I think I like the culture at microsoft
      Sep 21, 2017
    • LinkedIn / Eng neokolor
      Why the fire truck ?
      Sep 21, 2017
    • Microsoft ThinkSc@l3
      Why not?
      Sep 22, 2017
    • Intel / Eng
      SciTex

      Intel Eng

      BIO
      Work at Intel
      SciTexmore
      It is very difficult to blow a whole fire truck 🤣
      Sep 23, 2017
    • A fire truck just to make your Neighbours mad
      Sep 24, 2017
  • Qualcomm / Eng
    elitist

    Qualcomm Eng

    PRE
    Qualcomm
    BIO
    Embedded software engineer
    elitistmore
    Money is a tool, if you're not using it to make yourself happy, it's doing you no good. You could die tomorrow and this money will go to other people. If you need a house buy a house. If you want to travel the world, then travel the word. If you always wanted to start your own business then do that. If your life is comfortable and you wish for nothing more then perhaps you may be inclined donate to charity of your choosing.

    Point is in life if you don't use, you'll most likely lose it. So if you want to just put it somewhere and earn a return dividend paying stocks are a good alternative.
    Sep 21, 2017 4
    • Microsoft JUcc48
      OK maybe this is the best post of this thread
      Sep 21, 2017
    • Amazon sdefb
      this is well said?
      Sep 22, 2017
    • Amazon sdefb
      I mean well said.
      Sep 22, 2017
    • VMware Resp81
      I love this response too
      Sep 22, 2017
  • Amazon Beffjezos
    Banana stand
    Sep 21, 2017 2
    • Apple Dy6UgT
      There’s always MONEY in the banana stand!
      Sep 21, 2017
    • Microsoft Seriously
      That damn Bezos put my banana stands out of business with his free bananas. 🍌
      Sep 22, 2017
  • Uber / Eng Darius
    It depends on what you mean by "better". The reason so many people invest in stocks and bonds is because it's easy to control risk and almost anyone can do okay in the long run. But there are lots of appreciative assets out there but it depends on your interest and risk tolerance. Here are a few:

    1. Art- before anyone says "modern art is stupid. My 4 year old can do it etc" that's not the point. It's supply and demand and there's a decent way to "diversify" by including some of the recognizable masters in your portfolio. Check out Arthena for ideas. It's an investment fund for fine art.

    2. Swiss watches- vintage Rolex and Omega have skyrocketed recently. Same for historically significant pieces like one of the first chronographs or complex movements like minute repeaters or tourbilions. For example a Rolex Paul Newman has jumped from about 13k in 1993 to over 70k today at auction.

    3. VC- 500k is plenty to seed a few startups that you find interesting. This is pretty popular in the Valley these days.

    4. Real estate- consider investing in a condo or commercial property in a booming US city. Nashville, Austin, Denver have all been doing well.

    The list is endless. It's hard to give a good answer without knowing what you are interested in and how much you're willing to risk. I'd honesty suggest take half and out it in a diversified equity/bond portfolio to save your ass and use the rest for some alternative investment project.
    Sep 21, 2017 15
    • Uber / Eng Darius
      That's part of my point. Find something you care about and find a risk tolerance you can handle.
      Sep 21, 2017
    • Ridecell / Eng cc🕸🐊
      don't listen to these two socially retarded cunts commenting negatively
      Sep 21, 2017
    • Microsoft
      .....,,,::

      Microsoft

      PRE
      Amazon
      BIO
      Amazon to the country club.
      .....,,,::more
      This is why I love blind
      Sep 21, 2017
    • Uber TPSReport
      Heritage Auctions. One of their reps will be happy to discuss options with you, make some suggestions, etc. Mind you, they’re professionals.. they’re not there to make a quick buck, they’re in it for long-term (profitable) client relationships. If it’s not for you, they’re unlikely to try and hard sell you on anything.

      But yeah, these are hobbies are that typically generate a return on investment, in a non-stock market vehicle, and you can treat it as a business and take a tax deduction (against your profits) on what would otherwise be a “fun hobby”.

      But make no mistake, this is active investing, you need to put in a lot of time into it, it needs to be something you enjoy. It should actually be fun for you.
      Sep 21, 2017
    • YP
      Amati

      YP

      BIO
      I think.
      Amatimore
      Real estate.
      Sep 21, 2017
  • MongoDB Tug
    Blind makes me feel so insignificant all the time
    Sep 21, 2017 6
    • Netflix 11-denier
      Why? I'd say you shouldn't think too much about other's bank accounts but that doesn't sound like an incredible/made up amount.
      Sep 21, 2017
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
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      Security guy
      MachoManmore
      OP
      I have no reason to lie, also I'm a 35 yr old man who is a minimalist ... Got some good jobs, did consulting on the side to earn more .. I drive a 5 yr old Prius and am not a materialist guy
      Sep 21, 2017
    • MongoDB Tug
      I am 34 year old .. Drives 10 year old sonata which can die anytime. My 401k is 50K and saving are 60K

      Other than that I lost some 60K in some family dispute . Sometimes I think it will be challenging to get a home, kid and retirement planning ..

      That's why I posted the word *insignificant*
      Sep 21, 2017
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      Thank u for sharing ur story, I was where u r 7-8 years ago too ..
      Sep 21, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      We cant all statistically be at the same point, that’s why I only comments on issues I have direct knowledge of.

      I don’t troll.

      While I’ve never had 500K in cash, I have saved and invested multiples of that to a point that it will be very ungracious of me to complain about anything.

      I like my money to work for me. And I’ve earned it through blood sweat and tears that I will not piss it away on a frivolous investment.

      To me, that includes bitcoins. (This is my position, couldn’t care less about other people’s view of my position)

      Unlike many people here I do my IT in the Midwest. Which means,I have had to build my wealth the hard way without the multiplier effect of massive bonuses and RSUs
      Sep 21, 2017
  • Microsoft HGqw60
    DM me for the details on who to make the check out to & where to send...
    Sep 21, 2017 4
    • Microsoft yMcg47
      Are you the nigerian prince? You owe me $!
      Sep 21, 2017
    • MZ
      JzTc

      MZ

      PRE
      EPAM Systems
      JzTcmore
      This guy owes money to everyone around town
      Sep 21, 2017
    • KPMG josiison
      Lol, stop the Nigerian prince joke please! I am Nigerian and I fuck ass when people say such.
      Sep 21, 2017
    • Apple fcknblnd
      ^^^ Bwahahaha! “I fuck ass when people say such” 🤣 I at least hope that ass was consenting. Thanks for the laugh.
      Sep 21, 2017
  • New / Eng
    nordjayass

    New Eng

    PRE
    Google, Facebook
    nordjayassmore
    People. Hire a few people around your local community at minimum wage. Have them learn and teach the community coding so they get better. Give them insight to get a better job, help them financially with no expectations. 500k can change many people's lives and they will do much better with your guidance than whatever shit the government can do. Make them successful, and you will find yourself surrounded by success
    Sep 21, 2017 4
    • Microsoft JUcc48
      Best answer in this whole thread
      Sep 21, 2017
    • Microsoft 810today
      Effect of something strong 😀, no offence..have fun
      Sep 21, 2017
    • Intel sillycon
      I've spent a good amount of time working with and for the demographic you speak of. transformation isnt that simple
      Sep 21, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      I’m stunned this has 15 likes.

      OP has worked hard to save 500k for himself. Still has a job.

      Your response is donate all the money and all your time to help the “community”

      This is first class silliness.

      OP do this and expect to spend “retirement” as a Walmart greeter
      Sep 22, 2017
  • LinkedIn Dr Nefario
    Buy a piece of land and build a house in the Bay Area. Somewhere with a commute of 50 minutes or less.
    Sep 22, 2017 5
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
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      Security guy
      MachoManmore
      OP
      i’ve considered that but don’t know anybody who has done it, and not sure how much of a hassle is getting permits, hiring contractors and managing on your own
      Sep 22, 2017
    • LinkedIn Dr Nefario
      @MachoMan it depends on a few things. A big one is you. If you're a reasonable person that can plan and get shit done then it's cool. Also don't bite off more than you can chew essentially financially. That means: be able make reasonable compromises. Most people are herd animals so that's why you don't see it a lot. But game it out and assume you build s new family home inside that 50 minute commute radius. Unless you just go crazy or buy a plot in a crime infested area...you'll start with a brand new custom home in say 2018. You'll have instant equality and something that if you needed to you could liquidate. Plus it will be way nicer than the million dollar plus 1970's vintage fixer uppers that litter Silicon Valley.

      Now you'll also need balls of Steele unless you're very rich. The cities and counties vary. But Santa Clara and Santa Cruz counties aren't bad really. San Francisco on the other hand is barking mad insane.

      Now builders and architects. If you build in the flats you won't likely need an architect unless your Mr. Fancy pants. A draftsman will do and you can even order your plans online. If you build on a hillside around here you're going to need an architect. Many builders also have on staff architects so you'll have ample choices. Anywhere you build you'll need engineering, soil and environmental but unless you're building on a cliff side over an Indian burial ground infested with delta smelts it's not that much. From the moment you buy your land until you're bee bopping across your new threshold expect it to take about a tear. The more complicated you make it the longer it will take.

      Oh last thing and actually really important: you'll need a buyers' agent that specializes in vacant land. Don't waste a second of time on a traditional real estate agent. They mean well but are incapable of doing what's required in this sort of endeavor. All these know how to do is sell three bedroom two bath track homes and drive around in expensive cross overs. Commissions are also less on raw land and the stuff you'll need to know is completely different from what the soccer mom in the Q5 is going to be able to address for you.

      Hope this helps.
      Sep 22, 2017
    • New / Product
      mobman 🔥

      New Product

      PRE
      Amazon
      mobman 🔥more
      Why would anyone build a house on a hill in the Bay Area knowing even a minor earthquake will demolish the crap out of that property in the near future?
      Sep 22, 2017
    • Sizmek / Other
      BetaMax

      Sizmek Other

      PRE
      startups
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      null
      BetaMaxmore
      % of houses actually "demolished" by earthquakes? lol 😂 this post is laughable. how about floods, hurricanes etc rest of the country. silly monkey 🐒
      Sep 25, 2017
    • Amazon / Eng
      mUqi08

      Amazon Eng

      PRE
      Amazon
      mUqi08more
      500k won't get you a piece of land
      Oct 13, 2017
  • General Motors FNmc07
    Buy bitcoin
    or ethereum and some altcoins and hodl to the moon
    Sep 21, 2017 15
    • Google OneMoreSWE
      A "vette", does it have t-tops so your mullet can blow in the breeze? Do sleeveless button down shirts count as business casual at GM?
      Sep 21, 2017
    • Ridecell / Eng cc🕸🐊
      did this loser really just hate on modern Corvettes? lol
      Sep 21, 2017
    • Google OneMoreSWE
      They're not your dad's L82 I'll give you that, but they're far from a car I'd brag about to impress strangers. It's tacky and a little rednecky.
      Sep 21, 2017
    • Ridecell / Eng cc🕸🐊
      nah you're just a little nerdy and obviously socially retarded
      Sep 21, 2017
    • Google OneMoreSWE
      Fortunately not socially incompetent enough to own a corvette and a bad comb-over, or to use words like "retarded" to refer to anything other than engine timing.
      Sep 21, 2017
  • This comment was deleted by original commenter.

    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      Call me an idiot, but all my life I've tried to live debt free, if I can't buy something on cash I live without it. Im a minimalist and happy. Getting a mortgage has tax benefits but is a messed up financial system
      Sep 21, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      OP, i was with you until the last bit.

      How is the financial system “messed up”?
      Sep 21, 2017
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      first it allows people to buy stuff they otherwise can not afford , driving up cost for everyone else and second it gives beneficial tax breaks only to ppl who buy on debt
      Sep 21, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      I won’t touch the first part because it’s silly. Somalia has no credit system. I doubt it’s a utopia. But whatevs.

      Part 2 is what I want to focus on. And that’s because you’re completely wrong. You’re thinking purely about mortgage interest deduction. Sure that exists. You want to know other tax breaks you get without debt? 401k, 529, FSA, HSA, SEP, SIMPLE, muni bonds, Section 179 deductions, green credits, gulf zone, charitable giving, childcare, job search, educator... need I go on?

      Learn your facts, it empowers you.
      Sep 21, 2017
    • Intuit kzinti
      I set myself up to turn 5M into 500k, tax deferred, but it's a tax code zero day. Haven't found the right way to responsibly disclose, lol.
      Sep 21, 2017
  • WSP / Mgmt
    LQRI84

    WSP Mgmt

    BIO
    Engineering Consultant working with Technology Firms
    LQRI84more
    Go on a long trip and save or invest the rest, there is every chance the skills which made you 500k may not be relevant in a few years time, I'm 50yrs old, changed career 3 times and country twice, I've been lucky but I've seen people go from Scrooge McDuck to their parent's basement and wondering WTF happened.
    Sep 22, 2017 4
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      OPs question:
      I’ve saved $500k, where should I invest

      Your answer:
      Go on a long trip and save or invest the rest.

      Wow. Just wow.

      Way to move the conversation forward there chief.
      Sep 22, 2017
    • Facebook Mature
      😂
      Sep 22, 2017
    • PayPal rdOH31
      :D
      Sep 27, 2017
    • Facebook ZdyT
      Probably explains why he's changed careers 3 times. Jk
      Oct 13, 2017
  • LinkedIn WHji83
    Cash it in singles and fill a pool with it.
    Sep 22, 2017 2
    • Facebook Mature
      Scrooge McDuck
      Sep 22, 2017
    • Facebook UEyT82
      Best answer. End thread.
      Sep 22, 2017
  • New / Product
    mobman 🔥

    New Product

    PRE
    Amazon
    mobman 🔥more
    I don't care what you do with that money but for gods sake stay away from the crypto-currency bullshit hype that's been going on right now. All of Silicon Valley right now is on bitcoins dick getting fucked really hard in the ass. Nothing but a big bubble brought about by gullible Chinese people and it is about to burst.
    Sep 22, 2017 10
    • New / Product
      mobman 🔥

      New Product

      PRE
      Amazon
      mobman 🔥more
      Like I said as a money transfer medium it is valid. But so is PayPal! Would you invest in PayPal coins if they had them? Don't think so. Yet so many people believe that investing in these coins is somehow profitable based on how it has performed in the past. So my argument with the bag of shit is valid. People don't care about what they are actually buying they care about how it has increased its value in the past.
      Sep 22, 2017
    • Google Stroogler
      Nope. They care about supply and demand, and how demand is bound to explode, driving its price up. You have this comoletely wrong and your shit argument (demand for shit does not and will never increase) is jist that: shit.
      Sep 27, 2017
    • Envestnet / Eng oCig74
      @mobman PayPal is completely different from bitcoin. The majority of the world's population cannot use Paypal because they do not have a bank account. Bitcoin circumvents the banks completely. Anyone with a smartphone can transfer value anywhere they want in the world. And of course there are going to be speculators, this is a brand new and exciting technology. Just because there are people speculating on prior performance does not automatically mean it is shit. My advice to you is to really study what bitcoin is, and do not let the mainstream media brainwash you.
      Sep 27, 2017
    • New / Product
      🔥Mobman🔥

      New Product

      PRE
      Amazon
      🔥Mobman🔥more
      @oCig74 Bitcoin is shit and you know it. No matter what the price of it is, it still depends on the real-life value of products or services. No one I know who is smart would sell their car in bitcoins or any other product or service given it’s crazy volatility. It’s like buying stuff from Nigeria. Or speculating in a currency from a developing nation. You don’t know what the fuck you are buying. So what exactly do you get for the 4-grand? A bunch of 1s and 0s? The ability to transfer money? What do you get? Exactly you know what you get for it? NOTHING! NADA! ZIP! ZILCH! You get hope. The same stuff that made the casino mob owners in Vegas super rich! Look - I’m not saying don’t waste your money. If you are stupid enough to speculate on shit disguised as hope be my guest. But to say that a new technology is somehow a great investment based on its prior performance is flat out wrong. You can hurt a lot of stupid people that way financially. You should stop.
      Sep 30, 2017
    • Salesforce Númenor
      Lol calm down mobman. People are free to invest in what they want. ‘NOTHING!NADA!ZIP!ZILCH’ - did you get triggered?
      Apr 4, 2018
  • Amazon wtLF10
    Internal transfer to cheaper area -> buy a house
    Sep 21, 2017 6
    • Amazon wtLF10
      Why not the liberal parts of the south
      Sep 21, 2017
    • Google / Eng ungoogley
      May I ask where in the Midwest you were that you experienced this? The Midwest is not really even Conservative..
      Sep 21, 2017
    • Microsoft / Eng fucov
      Fucking Atlanta is Awesome and cheap and pretty diverse
      Sep 21, 2017
    • Amazon dededee
      Vegas, houses are still cheap,depending on where you want to be. Its also a growing market.
      Sep 21, 2017
    • Amazon dededee
      You can pay a nice house for half of what you got
      Sep 21, 2017
  • Groupon dazl25
    May I ask how did you manage to save up to 500k in 7 years?
    Sep 21, 2017 9
    • Groupon dazl25
      That’s nice. Freelance consulting for extra income sounds interesting. Are there any websites to get started?
      Sep 22, 2017
    • Microsoft qqBm11
      I'm at 150 two years in, it doesn't seem unreasonable to have 500 after seven.
      +1 on freelancing question, I've always wanted to do some of that.
      Sep 22, 2017
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      i have infosec background ... help companies with breach response work or startups to think and design about security when they can’t afford to hire full timeline security / privacy people
      Sep 22, 2017
    • Microsoft qqBm11
      How do you get the gigs? Just word of mouth from contacts you've made?
      Sep 22, 2017
    • New / Other
      MachoMan

      New Other

      PRE
      Microsoft
      BIO
      Security guy
      MachoManmore
      OP
      both, plus make an effort to reach out and market myself .. pro bono work also sometimes helps create your brand and increase the network
      Sep 22, 2017
  • Apple / Eng
    DudeAbides

    Apple Eng

    PRE
    Microsoft
    DudeAbidesmore
    Same boat. Have 500k in cash, split across 2 high yield savings accounts. I’m just holding it for now until I feel the next bear market is near bottoming out. Not touching stocks right now.

    Planning on seeing what jobs I can find in cheaper cost of living areas and plan on buying 2 homes. One rental income and another as primary residence. But that’s dependent on the condition of the housing market.

    My advise is to just be patient. It took a long time to acquire this money. Sit on the fence until conditions look right.
    Sep 22, 2017 6
    • Apple / Eng
      DudeAbides

      Apple Eng

      PRE
      Microsoft
      DudeAbidesmore
      Depends. I don’t think stocks will still be continuing up 5 years from now. I only recently cashed out from stocks. But if housing doesn’t correct, I may buy anyways. Don’t want to rent forever. Either way, I’m probably relocating out next year unless I get another big pay bump to convince me to stay.
      Sep 22, 2017
    • Oracle Geoduck
      Bro I'm similar situations, and I also put in high yield bank, but thinking about put 1/3 into national note like tlt, cause went look back it has weak negative correlation with stock market and has higher yields than bank
      Sep 23, 2017
    • Apple / Eng
      DudeAbides

      Apple Eng

      PRE
      Microsoft
      DudeAbidesmore
      Hmm. Worth a look. Thanks for the tip.
      Sep 24, 2017
    • Pure Storage i6rvk8eh
      Google the story of Bob the Worst Market Timer, from a Wealth of Common Sense
      Dec 2, 2017
    • Apple / Eng
      bender-😒

      Apple Eng

      PRE
      Microsoft
      bender-😒more
      That’s an inspiring story of time in the market vs timing the market. But I think the more immediate goal here is people invest in the stock market for financial goals 5 years in the future. When your timeline is that short, we have to be aware of bad times to enter the market.
      Dec 2, 2017
  • Amazon $#!+
    Buy a Lambo, do a bunch of blow, and relish in the meaninglessness of life.
    Sep 21, 2017 0
  • Uber lWDf73
    you can take it, quit your job, and try to find your passion. maybe that will align with a business idea or something that will take your life to the next level of fulfillment!
    Sep 21, 2017 4
    • VMware Resp81
      I love this answer the best! It is the way to go!
      Sep 21, 2017
    • LinkedIn anbu21
      What if his passion is exactly what he's been doing?
      Sep 22, 2017
    • VMware Resp81
      I find that a lot of people in SV are here for the money and career opportunity but they either have or are forced to have due to the essence of this place a rather narrow view of the world. There is much more out there than working 9-5pm in a programming job.
      Sep 22, 2017
    • LinkedIn anbu21
      Agree, at the same time I've seen that more outside of SV.

      The people I know that are passionate would definitely party and enjoy a couple months off, but eventually go back to building stuff for companies or their own.
      Sep 22, 2017
  • Facebook / Other
    Eva-12

    Facebook Other

    PRE
    Apple
    Eva-12more
    Invest in low cost index fund and allow money to grow.... buffet just won his bet against active money management
    Sep 22, 2017 5
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      Why do this when you can buy the appropriate tracking index ETF at no cost (beyond purchase commission)
      Sep 24, 2017
    • Jet / Eng jetsetting
      Be careful - some ETFs have an expense cost baked in aka expenses ratio
      Oct 1, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      I have to imagine that index fund is an abbreviation of a mutual fund.

      If you show me an ETF (non-leveraged) that has expense costs exceeding a similar tracking mutual fund I’ll gladly retract.
      Oct 1, 2017
    • Jet / Eng jetsetting
      Sorry don’t have time to do the research now. I can’t imagine many successful mutual funds simply tracking an index. Expense ratios are a common metric when evaluating ETFs. Something has to keep the lights on..
      Oct 1, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      That’s my point. ETF has a whole lot less overhead than mutual funds. Hence it’s a cheaper cost vehicle.

      Mutual funds always have that load/no load BS + closed funds/early withdrawal nonsense that end up trapping the unaware.
      Oct 1, 2017

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