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The end of Backdoor Roth?!
Some context, I'm currently an intern at sap and have about 60k total in cash (once i finish my internship ill have around 90k total). I was wondering what can i do with this money, like I don't know enough about stocks to just blindly buy a stock, and pray for it to go up (plus I have yet to take any upper year stat courses). So lets hear your suggestions If you want to know how I have 60k at my age (20) you can thank my parents for putting away money in a savings account that compounded over time. edit: oh also school is payed for, that's not something i need to worry about #investment #money #advice #tech #invest #investments #personalfinance #investments
Wait until inflation / war settles down, then buy stocks or index funds
Or they can buy little by little to average out. An index fund like VOO or VTI
What Amazon said. Waiting for a grand entrance is not a good idea.
Stanley hudson has some advice for you
Rich ppl!!!!!!
lol having 60k is rich now?
Thats more cash than me… assume u drive lambo as well, and have iphone 13 xl pro max ultra plus?
You can put 10K in Treasury I bonds if you're not gonna touch it for a year. After that you can take it out whenever with some interest. Safe investment.
Voo or vti
Honestly the hard part for me is the modelling part, my friends in finance have all these crazy excel models that account in so many factors (predicted future prices, expected value…). I just don’t see how i can be competitive in a game where everything is either “priced in” or the risk to reward ratio doesn’t make sense.
Lol this guy doesn’t know what he’s talking about. OP the truth is making money in market is hard and people confuse luck with skill. Hire a fee based financial advisor with a track record extending over 20 years with understanding of financial history. This is very important. You need to know that they can help you navigate through all kinds of scenarios. Not just past 20 so years of unlimited Fed induced liquidity.
Put the money back into parents' savings account. Let it compound
God no! Don't keep money in savings.
Money compounded in savings account. That statement can no longer be uttered.
ya that’s why i’m looking for a better investment class
Can’t go wrong with 500 index fund in the long term
Take Warren Buffet’s advice and put it in SPY.
I don’t fully understand the math behind Leveraged ETFS and from the looks of it seems like it’s risk to reward ratio doesn’t really add up
SPY is not a leveraged ETF. I’ve done some math on leveraged ETFs, and consider them toxic.