I have been saving some pennies for about 10 years. I'm torn between the options I have.
Which one of the following is the best option:
1) Buy a home and use the $ for down payment. 2) Invest in stocks 3) Put it in a long term savings account 4) Buy Mutual funds 5) Increase my 401k limit 6) Invest in the inflated Bitcoin >.
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TBH the train has passed, for investing in BitCoin.
It may be a good time to invest in stocks that are growing. Get an advisor if you don't know much
Risks:
401k Savings Mutual Funds Home Stocks Crypto.
10 years of savings sounds big. You could diversify and spread it out depending on how aggressive you want to be.
Personally, I'm bearish and would Invest in the lowest to highest risk.
buy a 2-4 unit multifamily property and live in one of the units. Do as little leverage as possible and take your time to figure out the best financing before you buy. Fix up the units, take the best one for yourself, take cash off the table every 5-10 years with refinancing.
rinse. repeat.
If choosing RE, I second this assuming your personal life supports this strategy. You can buy up to 4 units for 3.5% down FHA and can move to a new residence after 2 years. Aside from very rare opportunities, this is the only mechanism that will allow you to purchase income producing real estate for less than 20-25% down.
If you simply want a SFH to meet your life needs, then sure...the value will appreciate over time but you should be mindful of where we are in the cycle. From an investment standpoint there are more attractive options than a SFH purchase but that does not necessarily mean it isn't a good option for you.
as your financial planner and functional medicine practitioner, i advise you to put it all on red.
Wesley Snipes told me to always bet on black, and that advice has worked for me so far.
I sincerely hope you didn't take his tax advice, I think he used willie nelson's accountant
Dr. Nick, is that you?
Dig up a hole in your backyard and stuff it there
Don't u just stuff all your cash into a sweaty wad in your pocket and then give it to random people Bill?
What I don’t tell people is that those I give money to actually work for me
All the above forgot to ask the must important thing, what is your current situation and what goals do you want to accomplish investing?
7) Where your mouth is
No, Up your nose is a MUCH better option. /sarcasm
Invest in european water utility companies - climate change is drying most part of southern europe
These companies pay dividends now but also are likely to expect capital appreciation
Tickers?
TEF SM, ACS, Naturgy, Tecnicas Reunidas, Iberdrola Avoid San and BBVA (banks)
Not sure what exactly you mean by "increase my 401k limit" but if you haven't fully taken advantage of 401k then that's easily going to be the highest return option for you.
+1, easiest option and mostly likely best return
Where your mouth is
venmo me @bigbootyhoe69
LMFAOOOOOO
Step 1 - ask reddit/wallstreetbets Step 2 - collect tendies.
(in all seriousness it's literally impossible to answer this question without more information.)
CRYPTO
Send it all to the African prince that needs help getting to America so he can finally stop asking me
> he fell for the 401k scam
In my pocket pls.
Max 401(k). Max HSA if offered. Max Roth IRA (do backdoor conversion if you're above the income limits). Then contribute to ESPP if offered (and sell quickly). Then brokerage accounts or real estate.
Buy a home in the east coast in a growing city. Not in satuarated markets I saw someone post about buying a multi fam unit and livning in one and renting the rest. This is a good plan to autopay your morgage and you don't have to pay for rent
Max out your 401k.. duh
Mutual funds are pretty safe.
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