Thread regarding Chevron Corp. layoffs

How to manage finances?

With stock market so volatile and interest rates rising, what would you do with cash? I am interested to hear what would you do if you had 200,000$ to invest? I just recently sold a house and am wondering what might be the best option? Those who retired recently or got the lumpsum, what did you do?

by
| 1518 views | | 17 replies (last )
Post ID: @OP+1iQWnpdA

17 replies (most recent on top)

Make sure you avoid capital gains tax on that house sale...

by
|
Post ID: @4smj+1iQWnpdA

Simple lesson. The best way to manage finances is to live within a budget. Don’t look to government as an example of how to do it.

by
|
Post ID: @4bqt+1iQWnpdA

@OP The best financial advice I can give you is not to seek financial advice here.

by
|
Post ID: @3zrc+1iQWnpdA

"...Those who retired recently or got the lumpsum, what did you do?" Diversified portfolio orchestrated by a professional financial advisor. I don't worry about the stock market (and never will) because it's only part of my overall portfolio and I'm not depending on it for current income. See @aos, there's some good advice there.

by
|
Post ID: @1bfd+1iQWnpdA

It depends how old you are, what the rest of your financial portfolio looks like, and if you have a future purpose in mind for the money. Some scenarios:

  1. If you have any high interest debt, pay it off
  2. If you have a particular purpose in mind for it and will need it soon, go safe and open a money market account
  3. If you don’t need it soon or don’t have a particular purpose in mind, open a brokerage account and invest in an ETF that tracks the broad S&P 500.
by
|
Post ID: @1bsi+1iQWnpdA

Go to Vegas and put it all on black.

by
|
Post ID: @1uzs+1iQWnpdA

We are near enough to the bottom that you should put it in a broad-based mutual fund (unless you except to need it later this year, in which case just hold the cash).

by
|
Post ID: @qwc+1iQWnpdA

For time being, until perhaps after midterms, take your 3-3.5% MMF ROR. Also, look at govt. I Bonds and then later do some dollar cost averaging into S&P 500 mutual funds...

by
|
Post ID: @lrd+1iQWnpdA

Hold cash for short to medium term unless you’re worried about it getting inflated away then invest in an index fund or a dividend blue chip fund

by
|
Post ID: @zcf+1iQWnpdA

Do what I do, I ask the highly educated successful intellectuals who hang out on the layoff.com as they have no life, no future, no prospects and no idea what to do with themselves all day, many of them on the clock pretending to work. I am a big risk-taker, I get it. Don't you want to end up like that? They have all the financial advice you'll ever need, lmao!

by
|
Post ID: @zyx+1iQWnpdA

Spend it on one of those Tesla pickup trucks. So cool. You won’t reagret!

by
|
Post ID: @ivj+1iQWnpdA

Best is to reinvest it in real estate so you can avoid hefty capital gains taxes on your recent sale.

But if you really don’t want the headache of RE…. Put it into the S&P500 (SPY) and just let it ride. Market may dip lower but we aren’t smart enough to time it perfectly. The market is already way down and I can say with confidence is the it will one day reach new highs again and you’ll be sitting nicely.

by
|
Post ID: @aos+1iQWnpdA

Post a reply

: