I’m 32 years old and have saved up $100k in a 4.4% yielding savings account. My employer doesn’t allow me to invest in stocks or mutual funds. I’m working 60+ hours a week, so I can’t invest my time in a business. I currently rent and don’t own a house. I’m a bit wary of real estate investments because of unexpected expenses. I have a friend whose entire year’s real estate income was spent on an unexpected expense (flooding in the basement). But I’m still open to changing my mind about real estate investment. What’s the best strategy to invest $100k?
Maybe look into REITs (real estate investment trusts) since your employer might allow those. You could also consider T-bills or bonds for low-risk gains. High-yield CDs or alternative investments like art or collectibles through platforms might be good options too.
Create a trust and invest in stocks on behalf of the Trust.
Teegan said:
Create a trust and invest in stocks on behalf of the Trust.
How can you do that?
Teegan said:
Create a trust and invest in stocks on behalf of the Trust.
How can you do that?
Talk to a lawyer.
Maybe hire someone to run an online shop, like print-on-demand. You don’t need $100k for it, and it could grow into a successful venture.
Consider investing in MO, which pays over 7% dividends and is highly addictive, making it recession-proof. Reinvest dividends for compounding growth.
Kiran said:
Consider investing in MO, which pays over 7% dividends and is highly addictive, making it recession-proof. Reinvest dividends for compounding growth.
What is ‘MO’?
Kiran said:
Consider investing in MO, which pays over 7% dividends and is highly addictive, making it recession-proof. Reinvest dividends for compounding growth.
What is ‘MO’?
It’s the stock symbol for Altria, which owns Marlboro cigarettes.
@Kiran
I wonder if they’ve diversified into other non-tobacco products like vaping?
alexis said:
@Kiran
I wonder if they’ve diversified into other non-tobacco products like vaping?
Yes, they are focusing on non-cig products as well. I’ve been investing with them for nearly 20 years.
Employer doesn’t allow investing? What?
Reagan said:
Employer doesn’t allow investing? What?
Could be anti-insider trading policies.
Reagan said:
Employer doesn’t allow investing? What?
Could be anti-insider trading policies.
Correct.
FDRXX is a good option for tax flexibility.
Consider collectibles, art, venture capital funding, precious metals, or peer-to-peer lending.
How about cryptocurrencies?
sabastian said:
How about cryptocurrencies?
My employer is involved in crypto trading, so I’m unsure if that could lead to insider trading.
sabastian said:
How about cryptocurrencies?
My employer is involved in crypto trading, so I’m unsure if that could lead to insider trading.
You can get insights from him and assess his investment strategies.