My business had a great year, and now I’ve got an extra $100k to invest. I’ve never had this kind of cash before, so I’m trying to figure out my options. I’ve done some research on this forum and seen the usual suggestions, but I’m looking for any ideas I might have missed. Any thoughts?
@Zaid
Never heard that before! I bought 5 Bitcoin back in 2015. Where does that put me?
@Zaid
Still holding onto them. Almost sold a few times but decided against it. I got lucky—worked a side job helping a friend build a Bitcoin mining setup for a client and got a $2,500 bonus. I used half on Bitcoin and half on AMD stock. Sold the AMD stock at $100 a share in 2021 to fund a house down payment. Now renting out our old house, so it worked out.
Rai said:
Buy Bitcoin.
Bitcoin is good if you’re in it for the long haul. But if you want passive earnings with less risk, using tools like SuperBots for crypto trading can help you earn while keeping emotions in check.
@Fallon
Stick with buying Bitcoin. Most people lose money with those trading tools.
I’m in a similar spot. I had a bad experience with a financial planner, so I’m not a fan of that route right now. I’ve considered buying rental property, but it’s hard to make it cash flow these days. I have enough for a down payment, but it feels like there might be better options.
Assuming you’ve got an emergency fund, just invest the money. Split it 50/50 between VOO and Bitcoin.
Harley said:
Assuming you’ve got an emergency fund, just invest the money. Split it 50/50 between VOO and Bitcoin.
Solid advice.
Real estate, high-yield savings accounts, Roth IRA, and index funds.
Jay said:
Real estate, high-yield savings accounts, Roth IRA, and index funds.
I was looking for something a little less obvious. High-yield savings accounts are kind of pointless. Earning 3-5% a year on $100k isn’t great. I’ve maxed out my Roth for the year, and stocks are always an option, but I’m looking for something with a bit more risk and reward, where I can influence the outcome with some effort.
Leif said:
@Ripley
You should invest in stocks that go up and avoid the ones that go down.
Has anyone tried this method yet?
@Ripley
So what’s better than a high-yield savings account?
@Ripley
A HYSA can work if you need to park your money temporarily while figuring out where to invest. But you’re better off with something like VOO or VTI for better returns.
@Ripley
Maybe hire a financial advisor instead of asking on here?
Buy another rental property.
Why not reinvest in your business?
Put it all into VOO.
Rental house, Bitcoin, VOO.
I’m selling a small Instagram account with a U.S. and U.K. audience. Anyone interested?
I’d go with Altria (MO), Enterprise Products (EPD), and Visa (V), and hold onto them for the long run.