I have 75K in bank where should i invest?
I have 75K in the bank where should I invest? I was thinking about the house but could not able to buy until now due to H1b uncertainty. I felt i wasted capital just putting in the bank for 3 years. What should I do now?
Invest it in Tesla. Not the stock, Model S.
And become just one of the many tech bros with no identity of their own?
Well, do you think buying some other mass produced car will give you some unique identity?
Don't buy things. Open a vanguard account and spread it between a range of funds. Keep 10k aside for some more aggressive stock market bets
Can you please elaborate what kind of account/fund etc..?
You've got a lot of reading ahead of you - set aside a weekend to spend a few hours a day on it. Once you make the account you deposit your money into a 'cash' fund - from there you transfer amounts to other funds. To choose your fund you're going to have to decide a ratio of fund types (2 of each is a safe starting point) and start looking up the codes on Morningstar or whatever to find information about their performance. Take notes in a Google sheet and try to balance high risk/volatile accounts with low ones. There are lots of accounts that have jumped 20+% in the last year - these will take the worst hit if it turns, so don't get greedy. Once you've narrowed your list down you can make the transfers. Go for ones with a much lower cost ratio, and try to make regular deposits into the account. 10k extra a year is a good amount to start with if you can afford it.
Put it on 00
First thing, open a high yield savings account at Ally, Marcus or Wealthfront. Then, create some non-penalty CDs (certificate of deposit). After that's done you can think how to better invest these funds, based on your risk appetite.
I agree and give some time for the coronavitus to pass as it is affecting the stock market and will hurt Chinas economy
Stonks!! It always goes up.. (or belly up by corona 😃)
Invest in crypto before bull run
50% in a month. Its not before - its starting
the big one is gonna start after halving.
Chase sapphire banking + vtsax
+1 on VTSAX! even the fidelity equivalent is quite good
Aren’t the rates for savings account (2% types) and CD (2.25% types) pretty low..... versus some other investment opportunity or perhaps giving it to a financial advisor (net of fees return will perhaps still be higher), thoughts guys ??!!
Yes, savings yields are low, but good luck finding something with low risk and similar return... A financial advisor will charge you 1%.
Ahhh fair point.. But What about ETFs they have about 30% return in 1st year.... I’m not sure of the downside / risk in ETFs..... any idea??
Check out the investing FAQ wiki. Look for the investment order of operations. It’s an ordered list of investments that work for most people.
If your extraordinary, start a business
Never take advice from someone who doesn’t know the difference between you’re and your.
One of my biggest pet peeves- your vs you're. They are not interchangeable.