so what do we do with our bonuses?
every asset class is at an all-time high. stocks, bonds, commodities, real estate, crypto is getting there again, watches, art, wine...where do i park my money?
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buy bottles and hookers
It’s “models and bottles” or “hookers and blow” - please don’t intermix these key phrases, homie...
isaiah i bet you have some investment opportunity for me!
how much is it post tax big boy?
just keep it liquid
If OP takes this advice, he better be sure to hide all CPI indicators on his CapIQ dashboard // Bloomberg
60k liquid post tax my man, don't have a better idea than the S&P rn
try
33% cash
33% s&p
33% fartcoin
Quit being a bear and go invest it.
thanks, purpose of this post is to figure out where!
I’ve been asking this question and still can’t get a good answer. I suppose we just buy the regular market index and pray that these older guys that have enjoyed all their money growing over the decade don’t pull the plug on us.
Staying cash sucks too because of the inflation
exactly my thoughts. also TIPS yield -2% lol
Stay cash, go EM value, invest in startups, buy an airbnb property. A lot of ways just need to stay grounded and buy FCF-producing assets
how can i access start-ups with 100k liquid? airbnb falls under real estate which seems to be peaking.
do you have a good EM play?
$XSOE: The Wisdowm Tree Emerging Markets ex State Owned Enterprises ETF, very well priced, also you will be buying it an a relatively low price after the sell major sell of in Chinese tech, look it up on Morningstar, it has good long term track record, a strategy that makes sense, you can access it without a financial advisor, etc. If you have any other questions let me know. These are blue chip emerging market companies, companies like Mercado Libre (the amazon of Latin America), etc. and excludes state owned companies like an oil producer in Kazakshtan or a Coal mining company in south africa.
How much is typically withheld for taxes on bonuses in NYC? 50%? 45%?
With everything (Fed, State & City) aim for 48% to be safe.
jeez
Is this 50% figure primarily because of NYC or just because it’s a large lump sum at once so it’s withheld higher than normal? Like how much lower would it be in a lower COL?
I thought 50% got withheld automatically
Commodities are not at all time highs (crude,ng)
Also gold, silver, lumber, etc. I'd be surprised if there were a single commodity at all time highs
gold and lumber have hit ATHs within the past year. gold still hovering near the top. copper hit ATH in may. not interested in agro.
good point, was being dramatic. do you think there is more room to run in energy? WTI at $80 with delta coming up? henry hub at $3.25 is investable, but then you have JKM at $15 (!!!) and it makes me think how much upside is left?
edit: was looking at wrong data source, HHI at $4.05. i was looking at LNG deals in summer 2019 when HH was at ~$2-2.50. is there more room to run here?
Holding in cash dollar cost averaging a handful of ETFs
Which ETFs? Just regular S&P or total market?
Large cap growth and large cap divs. Maybe throw a small cap growth in there if you’re young
SPY, INFL (inflationary assets) and a few emerging market ones
what's the EM play? delta will ravage latam and eastern europe. i don't think african capital markets are investable yet (private markets more so, but not enough capital to access). are we talking asia then? china crackdown could be a buying opportunity.
INVEST in GS OR MORGAN FNALEY STOCK
Can we get some serious answers?
SPY and VOO
looks like this is the only way
I'm a VOO guy myself
STONKS
I’ll probably dollar cost average 90% into VTSAX over the next 12 months
5% into crypto
5% spend / fun
over 12 months? so you'd be looking at staying ~45% liquid for 6 months?
Feels tough dumping it all in now considering we’re at ATHs
Traditionally I prefer to DCA
70% ETH
10% UNI
10% MATIC
10% SUSHI
+1, but gotta change UNI for LINK
$BTI and $MO are cheap af bro. collect those fat divvies.
thanks, can't trade single name securities
not even after asking compliance?
OP here, serious question: anyone have any non-equities ideas? was thinking of pooling money to invest in real estate but (a) don't have time to do DD, and (b) seems like that's peaking as well. what other asset classes do you guys allocate capital towards?
Look into Cadre
are you using it? thoughts? i have the series 7 so am actually an accredit investor, which makes this very interesting.
Cadre is trash - fees are a total rip off
If I had cash to burn id snoop around town for small businesses that are owner run. These typically aren't very sophisticated and if they are surviving you'd probably would be able to increase the margin, you'll always find someone who's son/daughter doesn't want to take over.
good idea, unfortunately i work in NYC and live in IB, so have nowhere near the time to run a business on the side.
what banks allow you to invest in single stocks after asking for approval?
JEF
WF
hmm OP since I read again and you can't invest in $BTI or $MO I'm actually really interested in rolling up laundromats. I can get the first deal done with my own capital but if I successfully buy the first laundromat then I will probably look to raise some capital from family and friends to buy some more laundromats. the laundromat industry is truly a mom & pop industry, only 4% of laundromats are owned by owners who own 5+ stores. I see it as a good space for a consolidation play based on lack of capital chasing laundromats. it's kind of surprising to me that there are no laundromat consolidation plays considering the amount of PE activity in car wash/gas station/other types of similar businesses space. send me a PM and I'll share my Substack with you if you want to read my newsletter that I started for brand building/capital raising/sharing progress purposes. however if you don't have a lot of capital then something like an illiquid investment in laundromats might not be the smartest move compared to investing in some sort of index.
curious about that, mind if I PM?
sorry for the late response. yes pm.
another idea is to buy a cryptopunk
For anyone that has a mtg - thoughts on paying it off?
I owe $120k @ 3.375% (15yr)
Given small amount, even a refi doesn’t make sense bc closing costs would be greater than interest savings.
I know that mathematically keeping it outstanding and investing is the right answer, but there is something extremely compelling to me about owning a home free and clear
For anyone that has a mtg - thoughts on paying it off?
I owe $120k @ 3.375% (15yr)
Given small amount, even a refi doesn’t make sense bc closing costs would be greater than interest savings.
I know that mathematically keeping it outstanding and investing is the right answer, but there is something extremely compelling to me about owning a home free and clear
No price on peace of mind my friend.
there is mentally, but damn a 15-yr at 3%+? When was that?
2017 - rates were actually rising at the time
short lumber
Gold?
Private lending
there are quite a few companies that are not overvalued currently. in general, you're correct, total market is overvalued, but there are companies with below 20-30 P/E and high growth perspectives. if you can invest in individual companies, I would recommend that. if not, then go search for real estate selling on auctions or just on the market - there are some foreclosures going on right now, so you could find a decent deal, even though in general, as you said, the real estate market is also overvalued right now, but some properties go for reasonable price, just need to do some searching.
Uber
ostk
nova
gs
iep
decent selection. ostk and gs look good. others are more gambling, but if you did good DD, then maybe you know better.
my absolute favorite is crsr.
Overweight international / EMs especially. International valuations look very reasonable compared to US, and in most EMs you don't face the demographic issues that Europe faces
any particular funds/indices that you like?
Not sure about specific funds. My advice would be to diversify as much as possible, especially when it comes to EMs / frontier markets. I think EMs on aggregate will deliver very good relative returns over the next few decades, but there is a lot of idiosyncratic risk in each individual country, so diversification is your friend. I put most of my excess money into VT just so I have exposure to everything, but I like VXUS and VWO.
VTWAX. The only true passive play.
EM has been “cheap” the past 5 years and continues to underperform domestic
My ideas/where I'm putting my money:
International (both EM/Developed)
I think valuations are pretty stretched in the US and I'm not 100% confident in how strong we'll be politically continuing forward. The later is certainly speculative/a matter of opinion, but I think there has to be some reversion to the mean. If you look historically, it's true the US has outperformed international markets, but they also appear to have alternating periods of dominance. Given what a crazy bull run we've had for over a decade, I think there'll be some reversion to the mean. My ticker pick is $VT. Simple, contains the entire world market, including EM exposure. If you don't want any US exposure, $VXUS is my pick since $VT still includes a lot of US. I picked $VT personally because it's more diversified.
Financials
If you think rates will rise to curb inflation, financials would benefit from the rate increase, especially lender-heavy banks. I'm personally sticking with ETFs ($VFH), per usual, but I do own a small stake in $JPM and am wheeling options on $BAC. It could make sense, based on my thesis, to go with smaller banks that are primarily commercial banks like an M&T bank corp. Don't take my word for those though as I personally am mainly in mega-cap stocks and haven't researched them enough.
Oil & Gas
Bring on the monkey shit. I don't want to turn this into an inevitable climate change debate, especially since I actually do think investment in renwals is important socially long-term. That said, I think there's a lot of people jumping onto the EV bandwagon and abandoning oil, which means there's going to be a shortage of oil, which is already a positive catalyst for companies that are disciplined allocators of capital/have a clean balance sheet. On top of that, and this is where people are going to disagree with me, I don't think green tech alone will fully satisfy global energy consumption requirements, especially as the rest of the world gets richer/demands more. As such, we will still need oil/gas to power a large amount of our energy consumption for the forseeable future IMO but are underinvesting in it currently. This will lead to a glut down the road and oil stocks will do well, especially since they've now learned to be profitable on lower oil prices. My picks are $EOG, $PXD, $CVX.
TL;DR
I don't fucking know and nobody here does either, despite what they may claim. Just buy either $VTI, $VOO, or $VT and dollar cost average in because they'll definitely be higher in 20-30 years when you retire.
CASH IS KING
Hahhaha don't know if that was sarcasm but here is a +1 to offset your ms
Invest, invest, invest!
go on a vacation and invest the rest
SQQQ/SOXS
[insert disclaimer that I am not qualified to provide financial advice blah blah don't sue me if returns do not pan out as expected]
megabackdoor roth
backdoor roth
weekend in miami
stash the rest so you can BTFD
When do you think this dip will happen? Not trying to be smart or argue or anything. Actually curious about this and what the hell to do. I'm throwing a bunch of my pay right into my 401k now too and can't help but feel I'm being fucked by these older guys telling me to invest now who have already enjoyed the market for so long and will leave our generation with shit moving forward.
I have no idea. I stay fully invested in 401k and roth all the time and pile up cash to be opportunistic. It's time in the market, not timing the market
also, your 401k is investment, if you can max that plus a backdoor roth plus a mega backdoor roth plus a HSA and still got some scratch left as a youngin, then yeah invest but I always recommend maxing out tax deferred/tax free first (beyond emergency funds of course)
anyone have a reit they like?
Have some fun and invest the rest
Go on youtube and watch David Ramsey. Pay off debts, save an emergency fund, invest in high yielding mutual funds. Then Dave will tell you to go get a 2nd job and 3rd job, then don't buy anything, hand wash your cloths in your sink, save every penny eating beans and rice and rice and beans...and youll be a millionaire in no time..
you're welcome
What are your goals?
after-tax return on capital
You want as much money as possible while using as little of your own money as possible? What’s your investment timeline?
what do we think about MSGE and NWSA - two stocks I'm looking at. Right now I like $SFTBY and $MO and $BTI the most
MSGE is sort of like catching a falling knife but that I like more than something up like crazy. also $IAC seems interesting
wow more I read about $MSGE more I like it. check out (https://seekingalpha.com/article/4434991-madison-square-garden-entertai…) and (https://www.valueinvestorsclub.com/idea/MADISON_SQUARE_GARD_ENT/7560632…) and (
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