I don't have any prior experience about handling money. 50k extra cash is not that much but not too little to just sit in bank account. What is the best way to utilize it for maximum return in 5 years? Just buy Amazon and Netflix stocks? I am also thinking about 300k starter house in a cheaper but growing city like Phoenix and Las Vegas. Does this idea sound reasonable at all?
What ever you do don’t put all in once. Put 5 % every 15 days in the market
how about 1 million cash? what's the best way for investment for now?
Keeping the cash without investing and loosing is also a good option
Risk/reward. You can always try options
Dollar cost average for sure, given the unstable state of current market. And as always, use low-cost diversified index fund portfolios. Read bogleheads forum, three-fund portfolio and paul merriman’s ultimate buy-and-hold portfolio. If you want a short and sharp introduction, read the 16-page booklet by William Bernstein, you can find it by googling “If you can: How millennials can get rich slowly”. Also, for greedier options, you can hold your NVDA stocks.
Ethereum
What’s your risk profile? How much from 50k are you willing to deviate / grow? Is the range 25 -> 50-> 100 acceptable (as in max gain / loss of 50%). Or is it more like 25% spread?
Vacations
5 years isn’t long enough a time horizon if you’re not able to risk your principal, particularly in the current market. Best bet is short duration bonds (bond portfolios go down in a rising rate environment) or find a good online saving account like Marcus.com. Not a lot of options if you don’t want to risk principal and and go out 10 years
10k - crypto, 20k stocks, 20k index fund.
I think 10k is a lot for gambling..anyway thanks!
Yes it makes sense! Thanks!