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Jun 21, 2021
7:47
:45
pm
ReyOso
Intervention Needed
I wouldn't gamble it. VTSAX, most likely.
Or some similarly diversified mutual fund.
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ReyOso
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ReiUrso
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ReyOso
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Aug 30, 2019
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Jan 30, 2022
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Messages
Author
Time
Let's say you receive a large sum of money... From where doesn't matter, but
DeekLyfter
6/21/21 7:42pm
Grow it to 3x and then retire
Nat Gas Man
6/21/21 7:44pm
Like Chia Pet?
TNT
6/21/21 7:44pm
Is 3 times 2.4 million or 6.4 million?
timponyloco
6/21/21 7:56pm
2.4
Mr. Rumsfield
6/21/21 8:05pm
Can you retire on 2.4 million at the age of 40?
timponyloco
6/21/21 8:27pm
4% would be almost 100k per year
rad dawg
6/21/21 9:14pm
I say no, unless you do not have any kids in your house is already paid for
Mr. Rumsfield
6/21/21 9:39pm
Easily.
valleus
6/22/21 8:41am
Easy
TheLoneCougar
6/22/21 1:04pm
Put a down payment on a Corvette
Grammar Police
6/21/21 7:44pm
To be honest, I probably would. It'd be hard not to
DeekLyfter
6/21/21 7:47pm
Note Deek, all of these CBers are lying. You know they would go for the bling bling
TNT
6/21/21 7:47pm
RE: Let's say you receive a large sum of money... From where doesn't matter, but
the_byu_flash
6/21/21 7:44pm
put it away, let it grow,
ChinaFan
6/21/21 7:45pm
RE: put it away, let it grow,
TNT
6/21/21 7:46pm
To what end? One can't simply say "let it grow". There's need to be goals
DeekLyfter
6/21/21 7:48pm
you asked what to do with the money, not to give you goals. If you want suggestions for someone your age? Well
ChinaFan
6/23/21 12:03am
RE: put it away, let it grow,
ColonelMustard
6/22/21 6:52am
RE: put it away, let it grow,
Pangare
6/22/21 12:03pm
Retirement account
Y05
6/21/21 7:45pm
RE: Let's say you receive a large sum of money... From where doesn't matter, but
slappy
6/21/21 7:47pm
I wouldn't gamble it. VTSAX, most likely.
ReyOso
6/21/21 7:47pm
Index fund and forget about it for 25 years.
BlackBart
6/21/21 7:48pm
Texas Real estate.
BYUALWAYSNUM1
6/21/21 7:48pm
Any reasons why TX real estate? I live in TX and property taxes are high.
federer
6/21/21 10:12pm
It's not Utah or California.
BYUALWAYSNUM1
6/21/21 10:51pm
You're young. Id do like 30% VTI, 60% real estate down payments, and 10% metals
Backcountry
6/21/21 7:49pm
Like Metallica or Motley Crue?
TNT
6/21/21 7:50pm
Between the Buried and Me
Backcountry
6/21/21 7:51pm
If it is enough the person may qualify as accredited. I’d sprinkle $50,000 - $100,000 across 8-12 very well vetted angel
Trent
6/21/21 7:50pm
Put in a pool, invest the rest
CBaass
6/21/21 7:50pm
<< Deleted >>
panacablue
6/21/21 7:51pm
70% into Bitcoin, 20% into Eth, 10% into mix of poocoins.
EQD2
6/21/21 7:59pm
$800K is nothing, you need a lot more to see any real change....
777
6/21/21 8:00pm
No. Your boat cost $800k
TNT
6/21/21 8:03pm
Wrong. $800K will measurably change your life
TeeKaa
6/21/21 8:42pm
Buy tomato plants
CougsOrDeath
6/21/21 8:10pm
Just don't eat the tomatoes. You have to replant them.
cruoti
6/21/21 9:25pm
Probably pay off a home, buy a boat and a truck, and invest the rest. Not the
cougaman
6/21/21 8:18pm
500k retirement and taxable accounts. 200k to mortgage. 100k to student loans
cougfanz
6/21/21 8:23pm
I’d hold off on any student loans right now unless private loans. But I’d pay
Powerbait DPM
6/22/21 8:22am
Good point.
cougfanz
6/22/21 8:36am
Drop out of college, buy a business.
Plato
6/21/21 8:27pm
Instead of talking to your wife about it, start talking to HIS wife about what you guys are going to do with it. 😀
RootieBoy
6/21/21 8:32pm
Is $800K pre or post tax?
Eddie
6/21/21 8:35pm
$600k invested in Triple Net Medical facility
UVCoug
6/21/21 8:36pm
Max out 529 plan contributions for each kid
bruincoug
6/21/21 9:01pm
Probably take like 400k and buy a 10 unit apartment
Heath Squashwell
6/21/21 9:03pm
You’re braver than me.
Salami Karate
6/21/21 9:04pm
lol
conetah
6/22/21 9:11am
350k towards a down payment for a house.
JuicyJam
6/21/21 9:24pm
$50k held in trust for my kids. They can access it when they turn 60.
weasal
6/21/21 9:26pm
Yup grow it
BYU Grounds
6/21/21 10:57pm
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