Just got $534k inheritance wut do misc?

[CostaDelSalford]

Bitcoin is on the rise I hear.

Invest in that.

[EnforcerOTF]

Invest 400k of it, use 100k to put a down payment on a condo/house and pay it off until you own it, then use whatever else for leisure and pleasure. in 30 years you will be well over 2M

[JerseyFinger]

Take heed OP

Don't know how old you are, but you're still in your heavy party phase from the sound of it. I'd consider talking to both the lawyer and financial advisor and having money put in a way that you won't touch any of it for a long time. Maybe in a few years time you can touch a sliver of it once you're more responsible.

You've been given a great opportunity... let that money go to work for you behind the scenes, and you can finish up a degree in something worthwhile that will make you pretty decent money on its own right. When you're ready years down the line, you'll be comfortable.

EDIT* Don't talk to your uncle about it - go to an independent person outside of your family, a lawyer and financial advisor that IS NOT FRIENDS AND IS NOT RELATED TO YOUR SITUATION.

The last thing you need is your uncle to bull**** you and get you to invest somewhere stupid, or say "trust me with X amount" - your money = your money... find a 3rd party to help manage your funds.

Okay man, I will go with a financial adviser. I just want to create an income from it that I can live off of. I definitely want to finish school, tempting to drop down to part time though. Probably should stay full-time as it's pretty much the only thing keeping me busy and otherwise blowing my cash on partying with sloots and gangbangers. (I have a tendency to hang out with abd people , idk man. It's more fun. Lol. I should really be looking for a good woman... like one who goes to the gym and is sober.)

http://forum.mrmoneymustache.com/
https://www.bogleheads.org/forum/index.php

Get to reading and posting on both.

Basic primer on investing:

http://www.mrmoneymustache.com/2011/...-stock-market/

http://www.mrmoneymustache.com/2011/...stment-return/

http://www.mrmoneymustache.com/2011/...rt-term-stash/

Good links, thank you. Repped brah.

Invest it all in crypto currency

LMAO no fukin way. I might dabble around with a few grand and try to come up, but only for fun. That chit is dangerous.

[uwotm7plus1]

give me 10k ill suck ur dick bro

no homo

[FryDude]

lol you're going to mess this up again. My head.... a fool and his money are soon parted. I can't help you opie. I wish I could.


1 - Don't invest your entire inheritance into the stock market. Only invest what you're willing to
2 - Don't run out and buy a home
3 - Don't run out and go on vacations

For the mean time stick it in a high savings interest account until you mature a bit. You need to mature.

[AquilaConfido]

Read book 'Rich Dad Poor Dad' by Robert Kiyosaki and invest in real estate serious.

[FryDude]

Read book 'Rich Dad Poor Dad' by Robert Kiyosaki and invest in real estate serious.

Why not a REIT if real estate is such a lucrative venture?

[WillBrink]

I really hope not,

Hope not? You're in charge here so "hope" should not be a factor here. Be an adult or be an idiot. Choice is yours alone.

I really don't trust those people bro. I want to live off this, but what do I invest in???? I also get very tempted to ball tf out and have several thousand cash on me at all times to I can buy things for others and ball out whenever I want. Guess I just need to learn some self control?
what?

If by live off it, you mean live off the interest earned from some investment, not gonna happen with 500k unless you lived ultra spartan life. Investment guy I work with has been great and charges less than most. If you're serious, pm me for his contact. So far, he's been doing a solid job for me.

You can pay off some debts, put $ into short, medium, and long term investments, and pretend it does not exist so you can't do stupid things with it.

[CorgiBrah]

i would pay off any debts you have, invest majority of it, buy a normal house.. drive a normal car.. live as if you didn't own it and retire early

[WrinklyGrandma]

Invest it and forget about it for a while.
Finish school, get a job.

[Xplicit_Mindz]

Invest in your future, invest in *******.

[BillHendricks]

Do not buy anything yet!!!! Pay off all credit card bills, auto loan. Think about buying a cheap starter style home. Do not go out and buy new furniture etc. Live like you are super poor while buying the house. Now you will have a home that is paid off (no rent or mortgage or payments). Get with an investor and take 100k out and invest it for now. Leave the rest in the bank to collect a bit of interest.

[WillBrink]

Okay man, I will go with a financial adviser. I just want to create an income from it that I can live off of.

Do the math bro. About the best you'll see right now is 5-6% no matter what miscer claims otherwise. Can you live off of that? Interest rates are very low, which is +/- depending on what you wanna do. Put the $ in a stable conservative spot and make sure it's out of your hands so you cant do anything stupid, and take some time to research what you really want/need short term and long. 500k sounds like a of money, but it's not in terms of options and how fast it will go if you do stupid things.

[FryDude]

Do the math bro. About the best you'll see right now is 5-6% no matter what miscer claims otherwise. Can you live off of that? Interest rates are very low, which is +/- depending on what you wanna do. Put the $ in a stable conservative spot and make sure it's out of your hands so you cant do anything stupid, and take some time to research what you really want/need short term and long. 500k sounds like a of money, but it's not in terms of options and how fast it will go if you do stupid things.

Great suggestions. I think the op has a lot of maturing to do, I would have f'd up having that amount of money at his age too. Go out into the workforce, travel, mature and come back to it when you're 24 or 25 with some life experience under your belt.

Don't touch it until you get a grass on who you are first imo.

[anacottsteel27]

Ball out!




not srs, invest in some property (house or small apartment) and put the rest in an index fund and don't touch it unless you absolutely need it. Keep working and living as you normally would. Do NOT take any of it out, if you have lived fine on what you're currently making, you still can and once you take money out of it, its a slippery slope and you'll keep doing it.

If you get about 7% return in the index fund you'll have about $1.4 million bucks in 15 years. Hold until you're 50 (I'm assuming +/- 25 years based on you being in school) and you'd have about $2.7 million. Not counting whatever you made on your own with your job.

[weddingsoup]

hire me as a personal assistant

[AceRok]

Leave the rest in the bank to collect a bit of interest.

This is terrible advice. Inflation was 2.1% last year. No bank is paying anything to keep up with that.

[Godfrd824]

I really hope not, but it is tempting to say fuk it, drop our, and go buy some blow and party it up. (Always wanted to go to Vegas)
Lol, I don't trust those snakes TBH.


Meh

I really don't trust those people bro. I want to live off this, but what do I invest in???? I also get very tempted to ball tf out and have several thousand cash on me at all times to I can buy things for others and ball out whenever I want. Guess I just need to learn some self control?
what?

I can tell this will end well for you.

[Love-Feet]

Buy Iconomi

[Mullahz218]

http://www.investopedia.com/articles...tion-sound.asp

put 90% into an index fund, like Vanguard's S&P 500, rest into short to medium term govt bonds. there are probably ways to allocate your money to minimize taxes, stuff like 401k and IRA but I'm not from the US so I can't say

[yoxnick]

lol op seems weak-minded. End well this will not

[goingcia]

Take an escort to dinner asap.

[WillBrink]

Great suggestions. I think the op has a lot of maturing to do, I would have f'd up having that amount of money at his age too. Go out into the workforce, travel, mature and come back to it when you're 24 or 25 with some life experience under your belt.

Don't touch it until you get a grass on who you are first imo.

He'd need add 10 years to that before anything resembling "life experience" exists but he'll be sitting on a lot of $ if he pays off debts, puts the rest in a stable portfolio and forgets about it.

[DirtyTrickster]

two chicks at the same time, man.




























































fukin eh

[Bentley41]

I'd wait a year before I did anything with it. Use that year to learn multiple avenues to go, and then use the one that fits you most. My personal advice would be to dollar cost average into the stock market over the span of 10 years or longer.

[jason_bh]

Pay off any debt you have, buy a house (not extravagant house), invest the rest, go to school.

[Luke753]

http://www.investopedia.com/articles...tion-sound.asp

put 90% into an index fund, like Vanguard's S&P 500, rest into short to medium term govt bonds. there are probably ways to allocate your money to minimize taxes, stuff like 401k and IRA but I'm not from the US so I can't say

This is what I would do. It's also what Warren Buffett recommends. I wouldn't risk all that money on things you don't know much about, like real estate. You don't have to be an expert to put it into an index fund, like S&P 500. You'll just keep it there and earn money over the long term, but if you seriously wasted $27k in a few months then I hope you'll be smart this time...

http://www.businessinsider.com/warre...0-index-2014-3

Article I posted just states what Buffett said in your post ^, but mostly about investing in an index fund for the long term.

[solidus2k3]

index fund

[theRealGriNC]

how has no one mentioned gambling????? go to a casino and double your money OP!

[PatheticPeter]

if you're one of those "i don't trust stocks cuz jewz" people,
do you know a wealthy person in your area who you could advice for? i don't mean some anus who has 2 land rovers and a condo, but someone who has an estate.

stocks & bonds and iras aren't for everyone, and they're hardly a path to great wealth. but i know the path to ruin is to trust your money with someone you don't know. ask a person you know and trust for advice. this does not include the misc.


edit: maybe finger fat chicks bellies?