$50k To Invest. Wise Suggestions?

overcoil · 03-18-2021, 06:15 AM

I cant resist buying $40,000 in Tesla. I’d probably wait a few weeks and wait for reports on the VW ID 4.

10,000 set aside to see what happens with spaceX assuming 10k can get u in the door.

RickFLM4 · 03-18-2021, 08:11 AM

Quote:

Originally Posted by ScottSinger

I cant resist buying $40,000 in Tesla. I’d probably wait a few weeks and wait for reports on the VW ID 4.

10,000 set aside to see what happens with spaceX assuming 10k can get u in the door.

Saw this on YouTube yesterday. Thanks for the opening to post it.

overcoil · 03-18-2021, 08:16 AM

Quote:

Originally Posted by RickFLM4

Saw this on YouTube yesterday. Thanks for the opening to post it.

So are you insinuating you should not buy the vanguard fund ?

https://www.google.com/amp/s/finance...213302038.html

RickFLM4 · 03-18-2021, 08:21 AM

Quote:

Originally Posted by ScottSinger

So are you insinuating you should not but the vanguard fund ?

1. Video is meant to be amusing.
2. Vanguard funds will have holdings in TSLA, not an 80% concentration. So apples and oranges,

M3_Dust · 03-18-2021, 08:26 AM

Buy a clean, low mileage E46 M3 ZCP

Kelse92 · 03-18-2021, 08:50 AM

If you really are looking down the line 10+ years, I would recommend some sort of real estate play. Maybe a rental or something. 50k gets you a pretty healthy down payment.

XutvJet · 03-18-2021, 01:06 PM

Quote:

Originally Posted by Kelse92

If you really are looking down the line 10+ years, I would recommend some sort of real estate play. Maybe a rental or something. 50k gets you a pretty healthy down payment.

I wouldn't, at least not at this point. There are all sorts of costs buried into having real estate, especially a rental. IMO, real estate is great once you've built a solid nest egg ($500k-1M) in investment assets and you have the time and mental energy to deal with real estate, renters, etc. I could be wrong, but it doesn't like to me that the OP is quite there yet, net worth wise.

Investing is not REMOTELY as difficult or complex as many make it out to be. Open a Vanguard brokerage account and buy some S&P 500 index funds ($45,000; VFINX) and some short-term government bonds ($5,000) and let it be. Simple.

Don't buy single stocks and such until you've amassed a nice nest egg so that you can spread the risk. When you do buy stocks, buy solid ones. Then when you're really on your way, take some cash and buy some "what the hell" stocks and see what happens.

Being in control of your own investments is liberating.

P1 · 03-18-2021, 07:22 PM

Quote:

Originally Posted by RickFLM4

Saw this on YouTube yesterday. Thanks for the opening to post it.

Who has the time to watch this drivel? Imagine being a grown man and having to make videos like this. My goodness.

RickFLM4 · 03-18-2021, 07:28 PM

Quote:

Originally Posted by P1

Who has the time to watch this drivel? Imagine being a grown man and having to make videos like this. My goodness.

He’s a comedian.

P1 · 03-18-2021, 07:44 PM

Quote:

Originally Posted by RickFLM4

He’s a comedian.

If he is, then why wasn't that video funny?

RickFLM4 · 03-18-2021, 07:52 PM

Quote:

Originally Posted by P1

If he is, then why wasn't that video funny?

Are you a Tesla fan?

P1 · 03-18-2021, 07:58 PM

Quote:

Originally Posted by RickFLM4

Are you a Tesla fan?

A fan? No way!

RickFLM4 · 03-18-2021, 08:00 PM

Quote:

Originally Posted by P1

A fan? No way!

Then you just don’t find him funny. I don’t find all comedians funny either and I don’t find everything he does to be funny. But I did find that video amusing.

XutvJet · 03-18-2021, 09:11 PM

Quote:

Originally Posted by P1

Who has the time to watch this drivel? Imagine being a grown man and having to make videos like this. My goodness.

It's a joke. He's also probably pulling in $300k+ a year making silly YT videos given he has 1.7M subscribers.

P1 · 03-18-2021, 09:55 PM

Quote:

Originally Posted by XutvJet

It's a joke. He's also probably pulling in $300k+ a year making silly YT videos given he has 1.7M subscribers.

I believe your statement merely reinforces my point.

XutvJet · 03-19-2021, 02:18 PM

Quote:

Originally Posted by P1

I believe your statement merely reinforces my point.

Sounds like a great gig to me. You're the boss, you get paid to make people laugh, simple work, work when you want, and very high pay assuming you keep cranking out viewable content.

danniexi · 03-23-2021, 12:38 PM

vtsax and chill.

mcmaster-99 · 03-23-2021, 03:32 PM

Put all in T (AT&T) and you've got 3.4k (minus taxes) a year.

Littlebear · 03-23-2021, 03:41 PM

Quote:

Originally Posted by mcmaster-99

Put all in T (AT&T) and you've got 3.4k (minus taxes) a year.

Maybe.
AT&T is down 13.54% in 3 yrs, 22.79% in 5 yrs.

chassis · 03-23-2021, 03:43 PM

What is your risk appetite?
What is your time horizon?
What debt do you presently have - time remaining, interest rate and balance?

RickFLM4 · 03-23-2021, 03:44 PM

Quote:

Originally Posted by Littlebear

Quote:

Originally Posted by mcmaster-99

Put all in T (AT&T) and you've got 3.4k (minus taxes) a year.

Maybe.
AT&T is down 13.54% in 3 yrs, 22.79% in 5 yrs.

They threw away an incredible amount of money on DirecTV.

mantis · 03-24-2021, 11:02 AM

Quote:

Originally Posted by Littlebear

Maybe.
AT&T is down 13.54% in 3 yrs, 22.79% in 5 yrs.

get in at $29 before that next ex date,

03-18-2021, 06:15 AM	#23
overcoil Major General 3074 Rep 5,577 Posts Drives: M235i 6spd Join Date: Dec 2013 Location: Mid-Atlantic iTrader: (0)	I cant resist buying $40,000 in Tesla. I’d probably wait a few weeks and wait for reports on the VW ID 4. 10,000 set aside to see what happens with spaceX assuming 10k can get u in the door.
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03-18-2021, 08:26 AM	#27
M3_Dust Michelin Man 388 Rep 740 Posts Drives: F10 535i M Sport Join Date: Apr 2008 Location: on forums iTrader: (0)	Buy a clean, low mileage E46 M3 ZCP
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03-18-2021, 08:50 AM	#28
Kelse92 Major 1132 Rep 1,366 Posts Drives: Former e92 M3 Owner Join Date: Aug 2018 Location: Dallas, TX iTrader: (0)	If you really are looking down the line 10+ years, I would recommend some sort of real estate play. Maybe a rental or something. 50k gets you a pretty healthy down payment. __________________ #ladydriven Heavy-spec M3 // KW Clubsports // AA x-pipe // Gintani muffler // Macht-Schnell intake // Gintani tune // OMP Seats // Too Many Apex Wheels // Stoptech ST-60 // Cobalt Friction brake pads
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03-23-2021, 12:38 PM	#39
danniexi Brigadier General 3072 Rep 4,393 Posts Drives: 2022 F97 X3M Comp LCI Join Date: May 2008 Location: NJ/NY iTrader: (15) Garage List 2022 BMW X3M Compet ... [10.00] 2016 BMW F80 M3 [10.00]	vtsax and chill. __________________ BMW MY22 F97 X3MC LCI - CURRENT BUILD THREAD\| Instagram: @danniexi BMW MY16 F80 M3 - GONE BMW MY08 E92 335XI - GONE BMW MY06 E46 325XI - GONE
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03-23-2021, 03:32 PM	#40
mcmaster-99 Registered 2 Rep 1 Posts Drives: BMW 320i Join Date: Mar 2021 Location: Austin, TX iTrader: (0)	Put all in T (AT&T) and you've got 3.4k (minus taxes) a year.
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03-23-2021, 03:43 PM	#42
chassis Colonel 6554 Rep 2,311 Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019 Location: Einbahnstraße iTrader: (0) Garage List 2020 Porsche Cayenne S [7.69]	What is your risk appetite? What is your time horizon? What debt do you presently have - time remaining, interest rate and balance?
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