| |
| JamesNorth101 | 12-17-2018 03:34 PM |
Re: Just Got left $780 Grand From Dad
Ops.... :sleepy: |
| oompaloompa | 12-17-2018 04:02 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by aspkin
(Post 965003)
Put it in a broad market index fund, compounded yearly at 8% you'll have $1,146,075.90 in the account in 5 years without having to put anything else in the account.
Or 1,683,961.50 in 10 years.
Or 2,474,291.91 in 15 years.
etc https://www.investor.gov/additional-...est-calculator
| 8% ? I have about a third in index funds, and I am not getting anywhere near 8% , the only thing that could make that was tracking the US $ this year, if going long. All else down equities and commodities....shorting can make that, but resting your money tracked, you've done well if you got that as a retail customer! |
| oompaloompa | 12-17-2018 04:04 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by sax4
(Post 965366)
It was his Stepdad
You misread 780 grand from his dad for grand-dad ;)
| I wonder if the guy had any of his own kids - there might be a lawsuit real soon if there were..... |
| Toolman89 | 12-17-2018 04:10 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by eman350
(Post 964971)
How could I double or triple this amount quickly?
| don't be so greedy and stupid. 780k invested wisely is enough to set you up for the rest of your life. |
| oompaloompa | 12-17-2018 04:23 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by jarsky541
(Post 965080)
I wonder if the courthouse would ever allow me to change my name to Dick Burns......lol
| try Dick Brain |
| bjammin | 12-17-2018 05:37 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by oompaloompa
(Post 965385)
try Dick Brain
| lol, nice one oompa |
| eman350 | 12-17-2018 07:57 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by oompaloompa
(Post 965378)
I wonder if the guy had any of his own kids - there might be a lawsuit real soon if there were.....
| No I was the only child between my real mom and stepdad. I just blew some of that money on a new mustang for a self christmas present. |
| eman350 | 12-17-2018 07:59 PM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by Toolman89
(Post 965380)
don't be so greedy and stupid. 780k invested wisely is enough to set you up for the rest of your life.
| Im goin try my best to flip it, But I blew 68 Grand already in 1 month for Christmas. That's all im goin spend, I gotta be smart and invest the rest. |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by eman350
(Post 965418)
Im goin try my best to flip it, But I blew 68 Grand already in 1 month. That's all im goin spend, I gotta be smart and invest the rest.
| Agree - be careful - money gets blown very easily if not carefully managed. |
| dealagreeproceed | 12-18-2018 05:00 AM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by eman350
(Post 965418)
Im goin try my best to flip it, But I blew 68 Grand already in 1 month for Christmas. That's all im goin spend, I gotta be smart and invest the rest.
| yes buy 11 more of those and sell them in 3 years. you ll be set for life. thank me later. ;) |
| powerseller44 | 12-18-2018 09:40 AM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by eman350
(Post 964986)
Yea but what is there to do in bangkok for fun?
| I hear there's a ton of stuff to do in Bangkok as well as a bunch of opportunities to make money in the US by creating a a solid private label. If you dont wanna go solo to asia hit me up man, I'm always down for an adventure! haha goodluck bro dont be surprised if you start suddenly hearing from "relatives" lol |
| newjerseymax | 12-18-2018 10:08 AM |
Re: Just Got left $780 Grand From Dad
Diversify... |
| phaz0rz | 12-18-2018 10:09 AM |
Re: Just Got left $780 Grand From Dad
Isn't "sex tourism" the primary reason guys go to Bangkok? |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by phaz0rz
(Post 965524)
Isn't "sex tourism" the primary reason guys go to Bangkok?
| Well Thailand is one of the most visited tourist destinations in the world, so you do get guys in Bangkok for "normal" reasons, although there is a lot of whoremongers for sure.
Massages are great there, you can get rubbed and tugged for the price of a couple of beers back home :) |
| Sunspot144 | 12-18-2018 12:23 PM |
Re: Just Got left $780 Grand From Dad
Uh oh. Down the road 68k might be the straw that breaks the camel's back. Sustainability > toys.
(Just messin. You're probably fine.... maybe :P) |
| eman350 | 12-19-2018 12:34 AM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by powerseller44
(Post 965521)
I hear there's a ton of stuff to do in Bangkok as well as a bunch of opportunities to make money in the US by creating a a solid private label. If you dont wanna go solo to asia hit me up man, I'm always down for an adventure! haha goodluck bro dont be surprised if you start suddenly hearing from "relatives" lol
| Ok I sure will, If I ever decide to, I never been there. |
| eman350 | 12-19-2018 12:35 AM |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by Sunspot144
(Post 965553)
Uh oh. Down the road 68k might be the straw that breaks the camel's back. Sustainability > toys.
(Just messin. You're probably fine.... maybe :P)
| Yea I need to slow down, and control myself. I never had this much before at one time. |
| oompaloompa | 12-20-2018 02:06 PM |
Re: Just Got left $780 Grand From Dad
I know you can get can get 5% on the money easily, without too much trouble/
so the question is, what is the rest of your income, add them together and decide how much you want to save (if any), blow and also need to live on. |
Re: Just Got left $780 Grand From Dad
Quote:
Originally Posted by JamesNorth101
(Post 965004)
Condolences for your loss. Always hard loosing a grandparent
| OP said Step Dad. But yea loosing a grandparent is always hard. |
Re: Just Got left $780 Grand From Dad
Forum could use a status update :FF: |
| eman350 | 12-28-2018 08:34 PM |
Re: Just Got left $780 Grand From Dad
Update on the money guys. Still got a little over $700k left, spent a big chuck of it for christmas gifts for me, and couple friends. Might take a trip somwhere soon in New orleans for a little getaway. Im still goin flip the rest of this cash, might try the Broad market index fund. Let it invest there for 5 years, put 450k in it, and let it grow. And put $30k into a two cellphone business shops in the u.s. |
| zatenalinmisbukullanici | 12-28-2018 11:18 PM |
Re: Just Got left $780 Grand From Dad
I dont know the States but in Turkey house prices went incredibly high before it went down in 2018 due to the Turkish economy. Now the construction companies is in trouble in terms of Cash so huge discounts available. Turkish lira weakened against most foreign currencies especially US dollar. Everybody expects 2019 will be a bad year before the economy will rise again. So my point if I had that Cash I would split my investments first. Would put some of it in bank as a guarantiee income and rest would invest. You could buy property and rent it. Easy investment but you should know the area you buy your property. You will have your income from renting and the value of your proper will increase over time. I witnessed average house prices doubled in 2-3 years.
I would recommend a passive investment for you. I mean the kind of investments you have income every month but not involved.
Still you live your life with the monthly income and still has your stake. |
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