Just got $534k inheritance wut do misc?

[PlanDential]

Put it all in the S&P 500 opie.

Thank me later.

[LMAOatYou]

I would invest it all and work for maybe 5-8 more years and then retire to thailand and never work again

[MrQuint]

I am too, I prefer VTSAX over VTI because occasionally the expense ratio is lower. I just wanted to keep things simple for the OP, because the difference between VTI and VTSAX is splitting hairs and as long as he has one of them he's golden. To the OP, this is basically the same fund (box of stocks) just two different ways to get it. VTSAX means a "mutual fund" version, which means instead of buying specific share numbers, you can put a specific dollar amount in exactly. On top of that, to get to the VTSAX version, you have to have at least $10,000 in that fund with Vanguard. Then once you do, they lower the ER, or expense ratio, or basically Vanguards fee for doing this stuff for you. Usually the ETF version (in this case that ticker is VTI) and the mutual fund version (here that's VTSAX) have the exact same expense ratio, but sometimes the mutual fund is just slightly lower when you get the admiral share version, aka the version that requires at least $10 grand to get into. It's just a little perk/incentive Vanguard gives for keeping more money in funds.

You know your stuff mayne. Would rep irl

[Hadtodoit]

You know your stuff mayne. Would rep irl

Thanks man sounds like you do too!

If OP handles this right, it will change his entire life for good, providing a ton of freedom and less stress.

If he gets excited and starts spending it, he'll have a good 5 years and then a much more stressful and busy 45 after that.

[Wh1teDyn0mite]

By a house.

Invest the rest.

[20Mavs11]

There are some smart investors on the misc. I would head over to the business section. Also, you could probably google stories on Reddit about how they invested their money. I would invest 500k of it and just use the 34k has play money. Pretend like you didnt get the money and in a few years you'll probably have seven figures.

[ChristianMR]

First, 500K doesn't actually go that far. Don't drop out of school or make the mistake of thinking that you can live off the income from your 500K for the rest of your life. 500K is a cushion; it's not life savings.

Second, consider investing in a straight index fund like Vanguard S&P 500 ETF. If you invest now, you'll be in great shape 20 years down the road.

[cphunter70]

Tech stocks are hot this year. ARKW has given me awesome gains. Vanguard is a good place to look. Only way to succeed is to educate yourself. I am learning about cryptocurrency by buying low and selingl high. its up to you to do your hw. I would highly encourage you to seek a financial manager because based on history you are gonna flush it all down the toilet. Real estate is good too but only if you educate yourself. If you are srs about investing first research all possibilities maybe for a year and decide what to do then. In the meanwhile go safe and put it in a CD so you won't be tempted to blow your cash. 500k+ is a lot and you need time(months or a yr) to research and decide whats your best route.

[w0lver1ne]

Sorry brah, maybe if it was 534M. Lol. Seriously though, what are good investments? I don't want to be taken advantage of by some fukin investment firm idiots.

The fact that you want to invest when you just got this money practically yesterday shows that you're an idiot just like you were when you were 18 and that this money won't last long.

Change your thinking. Seek guidance from the Lord of the universe.

[Redfish225]

From your past I can see you will fuk this up big time.

Good luck though.

This^^^^ You gon die brah.

Inb4 b4 and after meth pics.

[Arashi]

Start a kit car company.

[nn586]

This guy hasnt responded yet. Prolly out spending it instead of investing SMH....

[DoesNotLie]

Lots of good advice in this thread.

[rrnold]

Spend a great portion of the next year reading and learning... don't invest all at once and take it slow so when you inevitably lose early on you don't blow all of that at one time.

Investing in multi family real estate... with that kind of cash and not being a complete idiot you can set yourself up for life by snowballing that in the next 5 years

[Nastradoomus]

id buy a revenue website pulling 100k uniques, 200k clicks 300k views per month for 50k.

outsource a experienced va to scale it. then rent out an office of 2-3 employees to flip that profit into another site.

easy 10k residual for at least 5 years.

[Fit1NYC]

Start a GDP clone
Misc do prawn
First video with chicken Tuna please
Pov creampie please

[Humungus]

This guy hasnt responded yet. Prolly out spending it instead of investing SMH....

[Mike1991]

OP pm me if you want advice, I've built my networth to over $2 Mill at 26 years old. I can give you some good advice if you're willing to take it (srs)

[97Camry4Lyfe]

invest it all in Tesla, Apple and Microsoft.

[fishnbrah]

invest it all in Tesla

yes, invest his families life savings in a cult stock based on a company that wouldnt be afloat without government subsidy.

[IEatPowerRacks]

Bump. OP you broke?

[EoR]

Since this thread surely has to be legit. OP: Buy like 50,000 fleshlights so you never have to wash any.

[MajorTendonitis]

I wouldn’t buy a house , that’s just tying up investment money. Put 100K in these companies that are supplying dope . Had a guy at work double his money overnight .
I think BlackBerry are going to do well again once there’s more self driving vehicles hitting the market.

You have enough money, you may be able to start a company and be a provider and cultivate marijuana . There’s where the big bucks would be , especially if you get in now

[leoslayer1]

If you are debt free. Make sure you have good cheap reliable paid off transportation no more than 5k in value.

Then I would go to a money guy and discuss setting aside your tuition money and or an income fund that's nice and stable.

At this point you're young with no income you don't need any volatility.

Then once you graduate you can consider how to move the money. You may or may not want an income fund at that point.

But don't do something retarded like crypto.

[Sezzors]

Opie...BlTCONNNNEKKKKKT!!

[RoxyFoxy22]

Don't start buying chit and don't start spending them on what you think it's a good investment. Live modest until you know for sure what you'd like to do with your life, finish school first too. You need to start a business from a passion or something that interests you, not to start a business to get money, cause this is not the way it works. Passion with hard work generates money.

[ItsOverBoyos]

500k is a nice amount. Put it all into different mutual funds, stocks, etc. Diversify well. Talk to a lawyer or accountant about getting it set up properly, but seriously I would not bother talking to an investment advisor who is going to charge you fees. Not worth it.

You won 500k, not 50 million. Just put it all into safe, steady investments and forget about it. Just hold onto all investments for the long term, don't trade at all.

[person101]

Don’t be stupid and blow it on drugs and women. Either do your research and invest a percentage in the stock market if you don’t trust financial experts. Or be more conservative and put it all in a retirement fund, CD, savings and don’t touch it for years finish school get a career and dip into it when needed I suppose.

[ndiguy]

What should I do?

come to grand forks and let's RAGE! Not to mention, these UND girls are WAAAYYY hotter than the NDSU girls

[tmertz]

Everything on Litecoin.