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Oct 29, 2020
12:19
:39
pm
pilot17
3rd String
MLM’s...what could go wrong....Seriously, I’d go with vanguard’s VTSAX
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pilot17
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pilot17
Joined
Nov 9, 2012
Last login
Apr 18, 2024
Total posts
699 (0 FO)
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Messages
Author
Time
say you came into a large chunk of money unexpectedly. What is the best way to
buckeyecougarguy
10/29/20 12:16pm
Probably some total market index fund.
allaboutthegainz
10/29/20 12:17pm
^^^^^^^
Count Cougar
10/29/20 12:26pm
No other debts? I’d buy some commercial rental.
Gerald-DeGroot
10/29/20 12:18pm
commercial rental? Pretty bleak prospects for the future of that space
Iman23
10/29/20 12:20pm
Blow it all on fun stuff. Do my part to stimulate the economy.
foofcoug
10/29/20 12:18pm
I would probably put 20k into some home improvements, 10-15k on some fun things
cougarfann888
10/29/20 12:19pm
MLM’s...what could go wrong....Seriously, I’d go with vanguard’s VTSAX
pilot17
10/29/20 12:19pm
Tithing, taxes(if necessary), pay off any high interest debt, max Roth IRA,
bulletproof
10/29/20 12:20pm
Depends on the interest rates. Less than 3.5? Don’t pay it down. Also, no such thing as high-yield savings anymore
scootsy
10/29/20 12:20pm
Pre pay my tithing for the next 6 months.
crack
10/29/20 12:21pm
It’s not obvious to pay down debts. Sure, some with higher interest rates, but
Zaphod
10/29/20 12:21pm
Agree with this. Not all debt is terrible.
bruincoug
10/29/20 12:43pm
Bet it all on red!
Agnostic-alumni
10/29/20 12:23pm
build a time machine and go back and invest a ton of money in winners when they were cheap.
TN_Coug
10/29/20 12:24pm
Pssst... I'm still cheap. No need for the time machine.
foofcoug
10/29/20 12:27pm
I'd play the market, several stocks are still a real buy. Money has been
RC Vikings
10/29/20 12:28pm
Either Max Funded Life Insurance for tax free income in retirement or a FIA
airwolf
10/29/20 12:30pm
Set aside enough for a Custom Whole Life Policy with NY Life, etc. Tax free gain
RUNBYU1
10/29/20 12:32pm
Yep, these policies are incredible.
airwolf
10/29/20 3:50pm
how is it different from regular life insurance?
buckeyecougarguy
10/29/20 4:29pm
It is designed to build cash value which can later be used for tax free income,
airwolf
10/29/20 5:24pm
So walk me through this. I pay some monthly premium for years and years and
buckeyecougarguy
10/29/20 7:54pm
Pretty close. I pay $9k once/yr for 7 years. The money builds over time. You can
RUNBYU1
10/29/20 9:30pm
Yep, the great part is they are flexible based on your needs
airwolf
10/29/20 10:40pm
Tithing first. DAF if tons of money. Then my personal breakdown for the rest is
bruincoug
10/29/20 12:32pm
How to invest each of those buckets is a different question. Stick to what you
bruincoug
10/29/20 12:36pm
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