I've recently inherited $30,000. should i blow it on stupid shit or make it into something useful. i dont even know how much money this is usefully
Amerikkkan?
That entirely depends on you, anon. You'll get 2 types of anons posting ITT. One will be the "invest it wisely and multiply it", the other will be "don't be a faggot investor, just blow it now and die happy and not end up a crippled 65 year old with money to blow and a disabled body"
buy 30,000 Dollar menu Mcdonalds burgers
>>84281558How much do you normally make a year? how much are your bills every month? Do you have your own place? Do you have your own car? Do you have the means/valuable skills to support your life? Is there a particular skill you want to learn to support your life? Do you have experience using money to earn more money?
>>84281565Second post best postI agree that that's all this thread will boil down to. I'm mostly in the invest camp though. World economy's going to shit right now, and I think it would be way smarter to have a safety net right now.
>>84281565>just blow it now and die happy When I turned 18 I received a trust fund for 90k. I wasted all of it. A lot of it was stolen from me by my banks overdraft fees. I truly regret wasting so much money. I doubt anyone who's blown that kind of money before will ever reccomend to anyone else to also blow it. There's so much better ways to use money besides partying it up.
>>84281558Move to Southeast Asia, live very frugally, and NEET off this money for the next 10 years
>>84281565$30k invested in an all-world ETF wouldn't even be enough to cover a monthly phone bill with the retvrns
>>84281558Put 10k in stocks, 10k in crypto (in a couple of months or when it's -75% from ath) and use the 10k now if you must.
>>84281564I am american but I have no affiliation with the KKK>>84281565I'm torn between the two but I think they both make good points. I don't want to spend my 20's and 30's(I'm 20 btw) living like a rat for savings and wageslaving but I also don't want to spend my later years being a hopeless poorfag. Although I think sacrificing the former is the better evil. >>84281573>How much do you normally make a year?$50-65k depends on overtime and how willing i am>how much are your bills every month? $1000 flat/month(live at home)>Do you have your own place? see above>Do you have your own car? yeah>Do you have the means/valuable skills to support your life? i dont know>Is there a particular skill you want to learn to support your life? not particularly>Do you have experience using money to earn more money?no
>>84281588if he put it in shitcoin later this year, he could 5x it to $150k by 2030by 2030, $150k will be worth $15k in today's money
>>84281610>if he put it in shitcoin later this year, he could 5x it to $150k by 2030That would be true of BTC, shitcoins are degenerate gambling. You either 10-20x or you lose 99%.
>>84281608>>84281608>50-65k depends on overtime and how willing i amMore than most of us here make. I'm gong to bed and idk if this is just a bait thread so I'll say it once. There's plenty of stories of people saying how much they regret blowing huge lump sums of cash. I have never heard a single story about someone saying they regret using money wisely to invest in their self/ future. Good luck.
>>84281633not bait, realill try my best but im retarded
>>84281730Go to an actual financial adviser and tell him you want a 50/50 split of stocks and BTC/ETH (no shitcoins. Or less crypto if you don't want the risk/exposure.A financial adviser will jsut take it off your hands and make it easy, for a fee. You will feel like shit paying that fee like you just ate his turd but you're retarded and he's not so eat the turd with a grin and thank him for the meal.
snp500
>>84281730Im not putting a cent into crypto>crypto in the big 26Get lost grandpa the bull runs of old are over Also, my stepdad hired a financial advisor, bought crypto(BTC), and lost a fuck ton of money he earned from his pilot career and now works as school bus driverGranted this was like 4 years ago but still
>>84281755sp500 and bitcoin. that's how you do it. 75/25 and call it a day
>>84281558Lucky bastard. I'd put it into gold. Fiat is such a scam.Sure, the gains cannot be lived on, unless it's a giant amount, but the returns still beat inflation and our collapsing purchasing power.>t. Bought three gold coins that gained in value, but cannot sell them without a fucking passport.
>>84281558That's a lot money
These threads always get fucked over by autistic /biz/ faggots who insist that you invest and try to stretch 30,000 into 5 million somehow instead of just living the most incredible year of your life, which you could with 30k.You could easily take a fire ass trip, get laid with asian pussy, then go home and take a few months off.
>>84281558All in bet on a ceasefire by July
>>84281766Did he buy high and sell low? That's the /biz/ way. You aren't supposed to sell at a loss. It always goes up but it's true that the gigagains days are behind us.
>>84281583>A lot of it was stolen from me by my banks overdraft fees.Spending money you don't have and getting fined for not paying it back on time is not theft
OP, I read your thread and in >>84281608 I noticed you already have your own place and your own car. Since you already have a car and that would be the trop priority if you didn't have one, if I were in your situation I would do this to work on a more stable future: I'd get a professional qualification that raises your yearly income, put 80% of your remaining inherited money on SP500, put the rest of it on crypto when it's far from ATH like another anon said.I've been in a kind of similar situation before, I had a sizable amount of savings from overtime, I got fired (it was entirely my fault), and I went on a spending spree while neeting. I still regret it to this day and I don't want you to make the same mistakes I have.
>just investmaxx bro>just spendmaxx bro>ends up wasting it all on a ambalamps ride and medical bills insteadbraise jewsa
>>84282424>quick i need to be the snowflake>i know, OP, just bury the money at the beach like a pirate hiding his booty, that'll show this thread!
>>84281766Crypto is outperforming stocks, if you're losing money in crypto you're an unironic retard who didn't take a second to look at the chart or read the calendar.Deserved, bull run is forever.
>>84282431>it's the year 2036>some kid digs up the $30k>look mommy mommy i found a treasure!>nice, sweetie. i think that's still enough for 1 portion of corn syrup goyslop
>>84282443okay lets all kill ourselves right now then since the future might be bad.
buy a used $10k work van, spend another $10k turning it into a mobile home, and keep the remaining $10k. get reliable transportation and protect yourself from potential future homelessness in one go.this is assuming you're a neet with no prospects like most of us here are. if not, just keep it in savings.
>>84282457I live to spite the betoomers and charloomers with my millennial stories about dating pre-Internet and getting gfs on penpal sites and never being left on read.
>>84282239I did have it. it was in my savings and not in my checking account.
>>84281558You should give me $100 so I don't drown by next month
>>84281730don't regret it 5 years from now. you can always just hold on to it.
>>84282478we're not in the military it's not charloomer but gamoomer and after that it's deltoomer
Ideally what you're looking for for your buck is to multiply it as much times as possible in the most shortest period of time as possible. Hope that helps
>>84281558Give me half of it to pay off my car.
>>84283623You don't let the buck multiply. You break it.
>>84281558Invest it so that you can spend it on various stupid shit over a longer period of time! :D
>>84281558I would buy an intermediate range of cameras and microphones and an M4 48gb MacBook Pro and then I would make cooking videos for youtube
>>84282171The dilemma is that i wanna do that but if i do that then ill be piss broke which isnt ideal>>84282228Idk what he did but probably yeah. I guess he remembered that btc blew up and decided to fomo in and ended up shitting the bed massivelywhich is embarrassing considering how btc behaves more like a stock and less like other crypto >>84282405I dont have my own place I live at home(with my mother) but she charges $1000/month flat. I recently made an account with fidelity and once i solve all the bullshit associated with coaxing my bank into putting money there im going to put it in some index fund like s&p and maybe a portion to play around with >>84282476I want to buy a used shortbus in the future but im going to keep grinding right now because the remaining $10k will dry up with maintenence and other costs. And the best jobs id get while on the road would probably only make a fraction of what im making currently. So id rather stay sedentary and stock up more while i have the advantage.
Right now is a bad time to invest if for no other reason than it might scare you off from investing forever. My portfolio has been red for the past five months and I don't see things getting better in the short term. I do suggest holding it in a high yield savings account in the meantime while you figure out what you're going to do with it.
>>84284263>My portfolio has been red for the past five months and I don't see things getting better in the short termarent i supposed to buy the dip or something
>>84281558why are the alternatives wasting it or multiplying it? it doesnt have to be this way you can just chill and do a bit of both
sorry it wasnt you who said multiplying i cant read. i recommend saving most of it and to sleep on any big purchases for at least a week
>>84284282The problem with this thinking is that the dip is only apparent in hindsight. If I'd have bought the dip two months ago I'd be even worse off now.
>>84281558buy treasury bills, its a guaranteed return of like 3-4% every 6 months.
>>84282405I hinted at similar. Use the Money to get some skill that will pay more later. He's already lucky to earn 50k a year but you don't want to be doing that 15 years from now.
>>84284282>arent i supposed to buy the dip or somethingYes lol. It's better to buy when it's red and just hold.
>>84284777Yes, but you should also do it when it's green too. The problem of whether to invest a large sum of money right now or wait for better market conditions is known as the lump sum vs dollar cost average problem and economists have talked about this over and over and over again. The conclusion is always the same: You are more likely to come out ahead by investing right now rather than waiting for the "right" time. The most important thing to understand about this is that you are investing for long term results and you are not strongly affected by short term fluctuations in price. Some people can disregard this advice because they truly do know something that the market doesn't, but you are not that person.Alternatively if you lack the patience for long term results and need returns right now, go to Vegas and put it all on red.
