Where do I put my money?

Zaho's picture
Rank: Senior Baboon | 223

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 >.<

Comments (30)

Oct 28, 2019

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

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Most Helpful
Oct 28, 2019

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.

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Oct 28, 2019

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.

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Nov 11, 2019

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.

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Funniest
Oct 28, 2019

as your financial planner and functional medicine practitioner, i advise you to put it all on red.

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

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Nov 11, 2019

Wesley Snipes told me to always bet on black, and that advice has worked for me so far.

Nov 11, 2019

I sincerely hope you didn't take his tax advice, I think he used willie nelson's accountant

Oct 28, 2019

Dig up a hole in your backyard and stuff it there

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Oct 29, 2019

Don't u just stuff all your cash into a sweaty wad in your pocket and then give it to random people Bill?

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Oct 29, 2019

What I don't tell people is that those I give money to actually work for me

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Oct 28, 2019

All the above forgot to ask the must important thing, what is your current situation and what goals do you want to accomplish investing?

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  • Associate 2 in CorpDev
Oct 29, 2019

7) Where your mouth is

Nov 5, 2019
Associate 2 in CorpDev:

7) Where your mouth is

No, Up your nose is a MUCH better option. /sarcasm

Oct 29, 2019

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

Oct 29, 2019

Tickers?

Oct 30, 2019

TEF SM, ACS, Naturgy, Tecnicas Reunidas, Iberdrola
Avoid San and BBVA (banks)

Oct 29, 2019

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.

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Oct 30, 2019

+1, easiest option and mostly likely best return

Oct 30, 2019

Where your mouth is

Oct 30, 2019

venmo me @bigbootyhoe69

Nov 5, 2019

LMFAOOOOOO

Timing Is Everything.

Oct 30, 2019

Step 1 - ask reddit/wallstreetbets
Step 2 - collect tendies.

(in all seriousness it's literally impossible to answer this question without more information.)

Oct 31, 2019

CRYPTO

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Oct 31, 2019

Send it all to the African prince that needs help getting to America so he can finally stop asking me

Nov 5, 2019

he fell for the 401k scam

Nov 11, 2019
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