What to do with an unexpected $100k?

Microsoft Thesmith
Oct 21, 2017 77 Comments

I just received $100k as inheritance from a relative. It is awesome he left me that money, I don't really need it now to be honest. I'm debating what to do with it. Sure I can invest, or upgrade my car, or use as down payment for a property... suggestions?... not a lot of money but not small either. Thanks

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TOP 77 Comments
  • Apple Hdefbvstjm
    Put it into a low-fee index fund and let it grow. If you have it there for 40 years (assuming you’re young), it can grow to over a million dollars.
    Oct 21, 2017 13
    • Right. I was hoping for something a little more specific, though
      Oct 21, 2017
    • Square Jdkansjs
      The vast majority of the country, in areas you identify as having high growth potential. I own property in Portland, Austin, Denver, and Ann Arbor.
      Oct 21, 2017
    • Do you rent your primary residence? Also, any suggestions on companies to try? Purchasing out of state is a little daunting.
      Oct 21, 2017
    • Facebook FbECS
      Austin, Florida, surrounding suburbs of Chicago, Denver, surrounding area of Portland to name a few
      Oct 21, 2017
    • Nextdoor YM2345U
      If you think Detroit has a shot in becoming amazons second hq, housing is dirt cheap. It's a pretty low risk investment. Doubt it gets lower in price. Could pay off handsomely
      Oct 22, 2017
  • Cummins / Eng afnl60
    2 chicks at the same time
    Oct 21, 2017 6
  • Pure Storage orangeg769
    Use it to do good. If you live in the Bay Area, there are so many people that were struggling to make it and then the fires took what little they had. Or help the people of Puerto Rico.... you can literally look around you and see the areas where financial support can transform other peoples lives more than it will transform yours. Giving to those that need it desperately, helps everyone.
    Oct 21, 2017 3
    • Facebook FbECS
      100k is not enough to transform anyone lives, maybe only one life. Invest it, make it more and then you can think about philanthropy
      Oct 21, 2017
    • Google / Eng
      djeldl*#

      Google Eng

      PRE
      Uber, Microsoft
      djeldl*#more
      $100k is enough to change many lives. It could buy 10 houses for families in rural India, or a deep-bore well for an entire village.
      Oct 21, 2017
    • Pure Storage orangeg769
      FbECS - get out of the bubble. $100k feeds a women and children's shelter for a year / provides thousands of foster children with basic essentials to build self esteem... shall I go on?
      Oct 21, 2017
  • Microsoft Ft344327$
    I’d put $2500 in Bitcoin, $47.5k in low-fee vanguard funds, and hold the other $50k for opportunistic investment opportunities.
    Oct 21, 2017 3
    • Nextdoor intern#1
      I like this idea the most
      Oct 21, 2017
    • Microsoft / Eng WindowsXP
      You won’t get even a single bit coin for 2.5k
      Oct 21, 2017
    • Amazon / Eng
      jlrc84

      Amazon Eng

      PRE
      Microsoft
      BIO
      Looking for opportunities!
      jlrc84more
      You cab buy half or even less fractions.
      Oct 21, 2017
  • Microsoft HGqw60
    Make the check payable to:
    DM me for name & address...
    Oct 21, 2017 0
  • Microsoft $x$
    Buy Bitcoin for 20k and gamble on it...
    Oct 21, 2017 0
  • Microsoft UltraTroll
    Pay tax
    Oct 21, 2017 1
    • BlackBerry JrmyCorbyn
      Very droll!
      Troll!
      Oct 21, 2017
  • Google / Eng
    djeldl*#

    Google Eng

    PRE
    Uber, Microsoft
    djeldl*#more
    Donate it!
    Oct 21, 2017 0
  • Intuit / Other
    Squirrelz

    Intuit Other

    PRE
    PayPal
    BIO
    Accomplished Analytics and Business Operations
    Squirrelzmore
    Give me 25k I will make it 100k in couple of yrs
    Oct 21, 2017 2
    • Google / Eng cjirdbo
      Footnote: Or not
      Oct 21, 2017
    • Uber / Eng
      Sight

      Uber Eng

      PRE
      Facebook
      Sightmore
      Oct 23, 2017
  • Google LEUy25
    Dollar cost average into vanguard SP 500 fund
    Oct 21, 2017 0
  • Microsoft / Eng Ayrr11
    Don’t upgrade your car. Invest it.
    Oct 21, 2017 0
  • Gen!x / Eng
    XPbr65

    Gen!x Eng

    PRE
    Bank of America Merrill Lynch, HPE, Northrop Grumman
    BIO
    mehy
    XPbr65more
    1. Ask people on Blind
    2. Ignore all responses

    Here’s the kicker
    0. There’s no inherited money
    Oct 22, 2017 0
  • PayPal me 100 bucks and invest the remaining. Is there a charity or cause important for that family member? Maybe it'd be nice to dedicate some to it. Honestly if you really wanna help considerably 100k might not be enough so if that's a goal letting this money compound and then dedicating it to something is the way to go.
    Oct 21, 2017 0
  • HPE / Sales CottonTop
    Pay off all debt, start an IRA at Vanguard, max your 401K ($18,500 I think per year), you've got buy 1 BTC just for fun and a couple ether, buy a couple ounces real gold and A couple bricks of silver, a couple AR-15 and ammo, down payment on investment property, more Microsoft shares.
    Oct 21, 2017 0
  • Microsoft Thesmith
    OP
    Thanks for the ideas. The inheritance is tax free. I like the investment options, will keep $20k to chill, I see a lot of comments about bitcoin, is it really a good idea? Where do I buy it?
    Oct 21, 2017 4
    • New / Other
      Tada200

      New Other

      BIO
      Currently working at an SF startup. Past: One successful exit.
      Tada200more
      Left a comment below. The easiest way to set up an account and buy is through Coinbase, and it's usually faster. but the best one to buy through is gdax. They will make you verify more on your account before you start buying but it's the better platform.
      Oct 21, 2017
    • Nextdoor Steve Case
      It’s made and run by coinbase. It’s basically the same damn thing with less fees and more charts.
      Oct 21, 2017
    • New / Other
      Tada200

      New Other

      BIO
      Currently working at an SF startup. Past: One successful exit.
      Tada200more
      Exactly ^^^ it'll take longer to set up and get approved so you can start buying but gdax is the one you want to be on if you plan on making a go of it
      Oct 21, 2017
    • Microsoft / Eng Ayrr11
      20k is a lot to chill with. 10k should be more than enough.
      Don’t invest/speculate it all on bitcoins or other crypto shit.
      If you really want to buy a house at some point - in sounded like you do - this could be some part of the down payment.
      Oct 22, 2017
  • New / Other
    Tada200

    New Other

    BIO
    Currently working at an SF startup. Past: One successful exit.
    Tada200more
    Research. Bitcoin. I would Invest 50k in bitcoin. It will either be worth $10M (20x) in ten years... or it will be worth $50k. That's what I just gathered from a talk by a leading crypto analyst (who analyzed disney's dragoncoin currency). Taking his advice, I bought another one last month at 4300, today its trading at 6100. Made almost 2k off that investment in less than a month.

    It felt like a gamble when I bought. Now feeling pretty confident. You can bet that anyone who says "but it could go up in flames tomorrow" doesn't understand it. Such a reductive argument, def ignore that advice. There are great reasons not to invest in Crypto but "well it will blow over" is not one of them. I'm glad I didn't listen to those types, turns out they were talking about stuff they didn't know.
    Oct 21, 2017 3
    • Microsoft UltraTroll
      Lololol. Bitcoin can't drop because of a crypto analyst. And everyone that disagrees doesn't understand
      Oct 21, 2017
    • New / Other
      Tada200

      New Other

      BIO
      Currently working at an SF startup. Past: One successful exit.
      Tada200more
      Everyone who uses a reductive tulip argument is not worth listening to. All I'm saying. There's great arguments of why it's not a good investment. That's not one of them.
      Oct 21, 2017
    • Microsoft UltraTroll
      To say it will never be worth its current value is completely unjustified
      Oct 21, 2017
  • New / Mgmt
    unclebully

    New Mgmt

    BIO
    I am in Non Profit you bitches!
    unclebullymore
    Coke and prostitutes
    Oct 23, 2017 2
    • Groupon rahul
      Fuck like no tomorrow basically
      Oct 23, 2017
    • Salesforce SalesDaddy
      There really isn’t
      Oct 23, 2017
  • Amazon sudorm-rf/
    Ethereum
    Oct 21, 2017 1
    • Zillow Group aydx13
      Bitcoin is out-performing ethereum like crazy lately
      Oct 21, 2017
  • Facebook JMpS58
    Hookers and blow...
    Oct 21, 2017 0
  • Facebook olol1234
    50k Bitcoin, 50k Ethereum.
    Oct 21, 2017 0