$80,000 to invest...where?

So if you got an unexpected cash flow of $80,000 where would you invest it? Property? Stocks, long term savings plan?

I cannot use this for a vacation even though I would love to!!

My DH and I are both self employed so we really need to put this to work or us.

Any helpful ideas?

TIA

Re: $80,000 to invest...where?

I'd probably speak with a financial adviser who could tell me the best places to invest it for my needs.

Re: $80,000 to invest...where?

If I had kids I would put it into their 529B. If not I would probably put it into an aggressive growth mutual fund, possibly in an IRA.

Re: $80,000 to invest...where?

my favorite financial guru Dave Ramsey always talks of growth stock mutual funds. I have no idea what those are..but he has something called Smart Vestor Pro and you can find advisors near you to guide you.

Re: $80,000 to invest...where?

With the current state of the economy and volatility of the stock market I'm not sure I would do stocks.

That's a good amount of money, you should definitely consult a professional.

Re: $80,000 to invest...where?

I dont think you can ever go wrong with real estate. Well you can ...but in the long run, I think it's the best investment.

Message edited 1/10/2019 4:33:09 PM.

$80,000 to invest...where?

I would invest 40K in the market.
And the other half in gold. A lot of people are afraid to invest in gold but I have done well with it.

Re: $80,000 to invest...where?

I’d split 33% each between Stock market index fund, possibly gold as mentioned above & something very safe like a cd or very safe mutual fund.

Re: $80,000 to invest...where?

VSTAX, or the equivalent Fidelity or Charles Schwab funds, or a 2050 or your retirement year fund.

First, do you have an emergency fund? It needs 6 full months of expenses that I would put into a cd ladder or monthly bond funds. Especially because of your stated work situation, you might even need nine months of living expenses saved.

Then, what kind of high interest debt do you have? Anything above 4% is considered high interest, and you may be better off paying that down as opposed to investing depending upon your personal risk tollerance.

Then, I would invest in the total stock market fund or a bogglehead three fund index fund as stated above.

Lastly, I would meet with a financial adviser that has a FIDUCIARY obligation to you. This person is usually a set fee, and not a percentage of the assets you invest. They would have a legal obligation to look out for your best interests. Otherwise you are basically meeting a used car salesman in a fancier office.

Re: $80,000 to invest...where?

agree with cd ladder. we did it recently.

$80,000 to invest...where?

Real estate!! Down payment for an investment property.

Re: $80,000 to invest...where?

2 family home in an up
And coming neighborhood or somewhere near a beach for an Airbnb.

Re: $80,000 to invest...where?

Posted by beachgirl

So if you got an unexpected cash flow of $80,000 where would you invest it? Property? Stocks, long term savings plan?

I cannot use this for a vacation even though I would love to!!

My DH and I are both self employed so we really need to put this to work or us.

Any helpful ideas?

TIA

$80,000 to invest...where?

Is your house paid off? I would do that, or put it towards retirement

Re: $80,000 to invest...where?

Thank you all SO very much. I am going to contact a financial advisor and go from there.

Thank you all so much for the great advice

Re: $80,000 to invest...where?

Totally depends on your overall financial picture.

Do you have debt? Emergency savings? Retirement? College funds? Home equity, etc.

You should set goals and have a good view on your current situation and then engage a financial advisor to help you meet those goals.

Re: $80,000 to invest...where?

Re: $80,000 to invest...where?

Re: $80,000 to invest...where?

Bitcoin!

KIDDING! Don't.

$80,000 to invest...where?

you are welcome to invest it in my TD bank account :)

Re: $80,000 to invest...where?

Re: $80,000 to invest...where?

As someone who owns an investment property, it is alot of work. You need to be responsible for improvements and repairs, showing the place during vacancies, getting good tenants, dealing with town issues, etc. It requires not only funds but time and sometimes taking days off from work.

The market is volatile right now so if you absolutely can't afford to watch the funds go up and down, then know that there are banks offering 1 year cds for over 2 %.

If you can afford to put some of the money in the market, then maybe look into a diverse selection of mutual funds and/or ETFs and a combination of bank CDs.

Message edited 1/14/2019 1:42:32 PM.

$80,000 to invest...where?

I’ll give you my checking account number :lol
In all seriousness though... a financial advisor that is well versed in different investments and the markets is the way to go. I would likely stay away from real estate because we have all seen how that one went but that’s just me personally

Re: $80,000 to invest...where?

If you are investing longterm, I'd do just about all in Vanguard stocks, (IRA, Roth or 401K). Especially since you are both self - employed. I'd think of this as a retirement vehicle.

Message edited 1/18/2019 6:53:37 PM.

Re: $80,000 to invest...where?

Possibly real estate. We just invested in a mutual fund recently and feel like our money is hovering around the amount we initially put in with all of the ups and downs.

I have an aunt and uncle who bought a condo in Sarasota FL and they are always trying to convince me to go down there and buy a place. They rent the place out for three months in the winter and they say the money they get from that three months rent covers most of their expenses. I can't afford it but might be something I would look into if I had extra $ to invest.