>>26233935 >oh no I'll have to feel pain. It's also a free death and it's not like life isn't already an unbearable burden already. You should snackbar or get an out bag. Take death by jackboots like a champ.
If you want to invest it (protip: you do) you have a couple options. 1. If you are in a low tax bracket put $5500 in a Roth IRA. Roth's are taxed when the money goes in and are tax free when you withdraw. You can't withdraw without penalty until you are 55 though. 2. The rest of it can go where ever really. You should be looking for funds with as low a fee as you can find. Someone else ITT mentioned Vanguard and that would be a very good place to start. They are almost always the lowest fee funds. If you want to invest in stocks, go with an index fund. You should also try and diversify into some bonds as well though.
invest like $35k into VTSAX (vanguard total market fund) and $13k into VBILX (medium term bond fund), and take $2k and buy fun stuff if you want. don't worry about buying international funds since US funds already have so much exposure to global markets. this is the best advice you are going to get from a stranger on the internet without putting in a ton of research (and likely coming to the same conclusion). As someone said earlier, you can put it into an IRA, but there are penalties for withdrawing it, and since capital gains taxes are so low (zero if you hold more than a year), the flexibility of being able to take your money out when you want is good to have.
Invest it or put it into a CD account at the bank you will earn high interest in the CD account and if you invest in the right atocks or businesses they will give you a portion of what all your stocks are worth back to you and you can still own the stock >the best way to spend smart is to not spend
>>26233771 I assume you don't have any debts needing immediate repayment? Fantastic.
You spend some of this. No more than $5k, or 10%. Spend it on trips to places, not on things. Got that out of your system, right?
The rest of the money you need to keep somewhere relatively safe. If you are completely risk averse, save it in a CD or Savings Account. You'll earn like 1% but you'll keep all of your money.
If you don't mind a little risk, invest in some index funds. These are funds that track certain markets, like the S&P 500. Historically, these do pretty well. You'll never lose a lot of money, but you'll never earn crazy money. On average, you'll just earn a solid return and you'll remain relatively liquid (meaning you can access your money with some ease). You might make 5% a year, you might make 10% a year, and in some years you might lose some.
Now what if you say 10% a year is some pussy shit? Well alright. Now, $50,000 probably isn't enough to buy any decent property. If you live in an area where you can, it might be worth it. Probably not though. Where you can take a bigger risk though is when you use that as a down payment, and then use some of your income (you have that, right anon?) to invest in a rental property. You buy a place, get a loan, and rent it out for money. You should make more than your payments but you'll have to arrange for fixing anything that goes wrong with the property. Also things like property taxes and insurance. You can get a property manager to take care of the landlording for you, but it cuts into your bottom line. If you make a series of smart investments here, you can make really solid returns. 10%-20%, and even more.
Oh, is 20% not enough risk for you? Well alright, Bernie Madoff. Now we're talking about gambling. Take your $50k and invest in small stocks and hope you make the right picks. Or bet on sports. Either way. You'll probably lose your shit though, but good luck!
>all these retards telling him to invest his money in the stock market
Nigga, he doesn't have enough fucking money to just invest into a Vaunguard fund and forget about and playing the stock market is stupid. But fine, if you want to just put your money in some account and forget about it, just invest in a Vanguard's S&P 500 index fund and reinvest the dividends. It'll be worth $100,000 or $200,000 in 20 or 30 years.
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