Investing $100k liquid?

[mamba]

Business products

Explain! What do you mean by business products? You mean buy wholesale and sell to businesses?

 

[Silkk]

Explain! What do you mean by business products? You mean buy wholesale and sell to businesses?

Buy products and sell them to people

 

[MasterOfAllHeSurveyz]

Put it back in stocks. Why reinvent the wheel on something that's already working for you.

Rule of 72 all day, every day.

 

[BaldingSoHard]

$RCEL. Currently at $6.60 Get in before it's too late.

I'm going to bump this post in 5 years.

 

[Ish Gibor]

 

[Whips-n-Chains]

Diversification, stocks, bonds, bitcoin...if I had to go all in on one thing it would be a 2-4 unit bldg to rent out/air bnb one of the units.

 

[Amerikan Melanin]

$RCEL. Currently at $6.60 Get in before it's too late.

I'm going to bump this post in 5 years.

why? What tip you got?

 

[BaldingSoHard]

why? What tip you got?

Avita Medical ($RCEL) is the company with the first to market application of the below technology. Their revenue jumped 454% yoy from 2019 levels, even with COVID-19. It is an absolute game-changer in terms of burn treatments.

This video is from 2011. They've been refining the tech and got FDA approval in September 2018. The company is based in Austrailia, but have just filed to re-domicile to the US this year. They've also recently submitted this tech for FDA approval on treatment of vitiligo.



I've got about $70k invested.

 

[princeofhaiti]

Max out your Roth IRA as well. Save for next year and the year after that $6000/max per year.

whats so good about the roth IRA?
been doing my research and went with my companys 401k & HSA instead

 

[BaldingSoHard]

whats so good about the roth IRA?
been doing my research and went with my companys 401k & HSA instead

Roth IRA is a cheat code in that it allows completely tax free growth, forever.
401(k) and HSA are great too (necessary, in fact). But having a Roth is like having your own little tax haven, legally.
Plus it can be passed down to your kids.

 

[princeofhaiti]

Roth IRA is a cheat code in that it allows completely tax free growth, forever.
401(k) and HSA are great too (necessary, in fact). But having a Roth is like having your own little tax haven, legally.
Plus it can be passed down to your kids.

bet ima look into it since i have fidelity for my ETF accounts
I didnt know it grows tax free forever
Im assuming u mean after they take out initial taxes since its a roth as opposed to traditional

 

[BaldingSoHard]

bet ima look into it since i have fidelity for my ETF accounts
I didnt know it grows tax free forever
Im assuming u mean after they take out initial taxes since its a roth as opposed to traditional

Right. You contribute after-tax money, and every penny earned once it's in the Roth (interest or capital gains distributions) is tax free.

 

[phcitywarrior]

Roth IRA is a cheat code in that it allows completely tax free growth, forever.
401(k) and HSA are great too (necessary, in fact). But having a Roth is like having your own little tax haven, legally.
Plus it can be passed down to your kids.

Question: What's a good platform for the Roth IRA? I have my 401k with T.Rowe Price and I was thinking about using them for my Roth IRA as well.

OAN: You seem astute with investing. What's a good platform for opening a brokerage account to trade ETFs, stocks and bonds? I won't really be doing day trading but more so short-medium term investing.

 

[BaldingSoHard]

Question: What's a good platform for the Roth IRA? I have my 401k with T.Rowe Price and I was thinking about using them for my Roth IRA as well.

OAN: You seem astute with investing. What's a good platform for opening a brokerage account to trade ETFs, stocks and bonds? I won't really be doing day trading but more so short-medium term investing.

T. Rowe Price is one of the largest investment houses in the world, but I'm not super-familiar with the funds they make available for the Roth IRA so I can't really say. Best thing to do would be to look on the site and check out the funds available. You want to look for low expense ratios. I had held one of their funds in my 401(k) for a while (TRLGX) and the expense ratio wasn't great at 0.56%, but the fund performed so well that it was cool. I eventually switched it for a Vanguard fund (VIIIX) with an expense ratio of 0.02%, which will likely outperform any actively-managed fund over the long term.

You can always go with Vanguard if you want some super-low cost investment funds.

As far as brokerage accounts, I just use eTrade. I don't trade options or futures or anything too complicated, and it does pretty much everything I'd need it to do.

Lemme know if you have more questions, I'm more than happy to spread the knowledge.

 

[phcitywarrior]

You want to look for low expense ratios. I had held one of their funds in my 401(k) for a while (TRLGX) and the expense ratio wasn't great at 0.56%, but the fund performed so well that it was cool.

Lemme know if you have more questions, I'm more than happy to spread the knowledge.

Thanks for this. Dap + Rep.

Right now, my allocations look like this:

CLEARBRIDGE SMALL CAP GROWTH I 10% - Not sure the ticker here
FIDELITY CONTRAFUND 50% - FCNTX
FIDELITY US BOND INDEX FUND 5% - FXNAX
FIDELITY 500 INDEX FUND - 35% - FXAIX

FCNTX has an expense ratio of 0.85%. Not good, but it has been performing quite well. In terms of long term returns and my age (25) these were the best funds available from T.Rowe Price through my company 401K plan.

What I'm kind of grappling with now is whether to pay off some debt aggressively and be debt free (again ) or use this low personal expense period (WFH, no social activities etc) to beef up my cash on hand, investments and savings.