I just got 80k as a gift. What do I do?
Considering going in on a house (or other investment property) with my family, throwing it at leveraged indices, or maybe paying down some student debt.For context, I'm a rising junior at a target and will graduate with around $140k in student debt. Rate on private loan (the only one I'd actually consider paying down early) hasn't been determined yet, but will likely be fixed and around 7 or 8%. My wife plans on working for a year in market research and then wants to go to law school (paid for by her parents); I'll be working in IB after graduation, with the plan of moving into PE afterwards. B-school is likely but not 100% certain. If I decide I want to do it, I'll have to pay for it w a combination is scholarships, savings, and loans.My goal here is to optimize for long term wealth. I think having a house and subsequent cash flows would be cool, but the work involved in managing something like that seems annoying and I think I could probably find higher risk adjusted returns somewhere else. Just looking for advice and ideas.
Write a check to the government for 40….
…what are the rates on your loans? Hopefully your after tax return on investing is higher than your loan interest. If not - might want to address some of those.
I’m going to sit down today and model a few purchases/investments to see where returns stand relative to my cost of loans. I’m assuming they’ll be around 7-8%, but should know in the next week.
Put $80K down on a $200K used Porsch-e.
YOLO
This.
You buy mega millions boi
Pay that debt down, you get a guaranteed 7-8 percent return. Better than anything you can get in the market atm
You're married at 20?
Dip-set, dipset, dipset, oww owww
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