What should I do with my half a million dollars?
I’m a scientist who has no experience investing, other than the industry specific stocks which I cover. I own no home, no debt, and no retirement account. After this year’s bonus, I’ll finally have a little bit of money for the first time in my life. I plan to put some into the fund I work for, but I’m not sure what to do with the rest. I definitely don’t want to put it into random equities, since I’d rather put the risk capital portion into the fund, which has no mgmt fees.
Any suggestions on what to do and how much I should put into which vehicle?
Pay denbts.
got a bit in here about how to look for help if you're seeking a professional:
https://www.wallstreetoasis.com/blog/how-pwm-really-works-part-4-miscon…
until you've developed a more comprehensive plan and set aside money for emergencies, down payment on a house (assuming you want that), and so on, invest for the long term and keep it simple.
Thanks for the link. I don’t want to buy a house anytime soon and definitely not by doing a typical financing. Long term investing would still require some kind of an asset allocation, so I guess I should probably just talk to a professional... and check out that link
one of the most important concepts when developing a portfolio is time horizon (when will you use the money). the longer away this time is, the more % in stocks your investment should be, all else held equal, and vice versa if you need it short term. if you're uncertain, I think you could do worse than a diversified stock portfolio (note I don't care if you buy individual names, mutual funds, ETFs, active/passive), I just think the strategy needs to be simple, scalable, and not require all of your spare time
feel free to follow up with questions, this is what I do for a living
You should give it to me
Are you married? Do you have kids?
No to both
Could you put in your fund at work ? If your fund is low volatile but steady in returns, no reason to not put some of it there. Otherwise a combination of equities, fixed Income, etc. Is where I would be putting it
Balls deep GME at the money calls strikes in March or later. Cannot go tits up, get yourself some TENDIES then buy yourself a mansion.
Thx corp dev guy.
Have made more in the last 6 months of this than your entire bonus, so you're welcome.
What should I do with my $500,001 dollars?
ur a scientist w/ no investing experience but you cover stocks - tf
There are quite a few people like me on the buy side. But I am new. Who knows how long I’ll last?
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