What would you do if you were to invest $1m ?
- Thread starter Tank2112
- Start date
- Sep 20, 2021
- 2,249
- 2,487
- Current Rides
- 2021 Rubicon 392 2006 Jeep Wrangler Unlimited Rubicon
Navy Federal Credit Union is paying 5% on 15 month. 4.2% on 2,3,5 or 7 year.
bigfishbobby
Well-known member
G
Guest1181
Guest
seek a financial advisor. That’s the smart thing to do and have the money invested and live off of it.
sixfour
Well-known member
Also check Synchrony Bank - 14 months at 4.60%, every little bit counts. High Yield savings are at 3.75% with no balance. Great bank with great rates and FDIC protected
actually just logged on and Synchrony posted a 5% CD for 14 months - that's a winner
Last edited:
sixfour
Well-known member
I have that one too, and the great part is you can add money for the full 15 months, no lock out. Just can't take money out
bigfishbobby
Well-known member
I’m not super savvy but regardless of how safe real estate is said to be, it looks to be a sinking ship currently. My point is that I would protect my money now, with the idea that when this thing bottoms out (or I feel it has), I’ll buy way cheaper. No way I’m investing in real estate now to eat inevitable value losses in the short term and nervously waiting to find out when I break even again. I use that logic on everything except Jeeps. 
G
Guest1181
Guest
LPL Financial is what we own. My husband is. CFP in Southern Oregon for over 25 years. Definitely seek professional advice
johngalt312
Well-known member
In my experience, most of those people have professionals handle their investing.
That said, I am going to enter some short positions this week; the market is going to drop at least 15%-20%+.
SCARd4Life
Well-known member
Same. Looking for a bounce then backing up the truck on inverse Nasdaq. Took it off a couple days ago, but market is showing cracks. Invest? Not now. Too much bullish sentiment. Look at the near-term forward spread (very negative inversion), global shipping collapsing, BoJ facing YCC shift, equity premium in "death zone", retail investors buying while institutions are selling.
Not investing advice. For entertainment purposes only.
G
Guest862
Guest
This is a great thread! Thanks and cheers.
If I was young enough to not have some concrete ideas on what to do with it; I would first travel on $20k. Go backpacking, international. See the world. If 1mil was a kind of windfall, and could put financial pressures at ease, even more so. Take some time to explore and figure out what I am looking for.
I would figure out if I was ready to settle and, if I was, I’d look into starting or buying a business to run and continue to turn the equity into income generating productive assets.
PS should any young soul need the advice:
nobody cares about your cash like you do. You hand it to someone to “invest”? Or you do it yourself and turn existing assets or liquidity into more assets or liquidity. It’s not the 1980s and these geezers didn’t have YouTube. Wall St is a giant racket. Ford motor company has gone bankrupt twice in my lifetime.
No offense geezers
If I was young enough to not have some concrete ideas on what to do with it; I would first travel on $20k. Go backpacking, international. See the world. If 1mil was a kind of windfall, and could put financial pressures at ease, even more so. Take some time to explore and figure out what I am looking for.
I would figure out if I was ready to settle and, if I was, I’d look into starting or buying a business to run and continue to turn the equity into income generating productive assets.
PS should any young soul need the advice:
nobody cares about your cash like you do. You hand it to someone to “invest”? Or you do it yourself and turn existing assets or liquidity into more assets or liquidity. It’s not the 1980s and these geezers didn’t have YouTube. Wall St is a giant racket. Ford motor company has gone bankrupt twice in my lifetime.
No offense geezers
Last edited by a moderator:
BarneyM
Well-known member
This is a great thread! Thanks and cheers.
If I was young enough to not have some concrete ideas on what to do with it; I would first travel on $20k. Go backpacking, international. See the world. If 1mil was a kind of windfall, and could put financial pressures at ease, even more so. Take some time to explore and figure out what I am looking for.
I would figure out if I was ready to settle and, if I was, I’d look into starting or buying a business to run and continue to turn the equity into income generating productive assets.
PS should any young soul need the advice:
nobody cares about your cash like you do. You hand it to someone to “invest”? Or you do it yourself and turn existing assets or liquidity into more assets or liquidity. It’s not the 1980s and these geezers didn’t have YouTube. Wall St is a giant racket. Ford motor company has gone bankrupt twice in my lifetime.
No offense geezers
I am one of them Old Geezers and have always done my own investing. There is one way I have it over you as I have found what I was looking for and now enjoying the retired life completely.
(You really don't want to under estimate the Old Geezers!)
SCARd4Life
Well-known member
Look out below.
SCARd4Life
Well-known member
For those watching, we got the bounce and a couple strong sell signals recently. Yield curves are in a flattening process, which is typical as you enter a recession. SVB was the result of poor risk control; it's a catalyst, but real story is tightening financial conditions. BOJ is on autopilot, but sometimes autopilot systems fail. For entertainment purposes only, not investing advice.
mini4mw
Active member
Current market, 25% cash, (money market earning 3-4%), 50% large cap with decent dividends, 25% mixed small and mid cap. diversify greatly across all areas with no more than 5% in any one stock and no more than 15% in any one area (consumer, tech, logistics, etc). Don't try and time market, but the 25% in cash due to current signs of recession and global economy. Once it starts looking better cash will go to 5-10%.
Changes a lot depending on age. Property will generally always go up and is a good investment even if you don't rent it. Raw land can be rented to hunters, farmers or other things.
Changes a lot depending on age. Property will generally always go up and is a good investment even if you don't rent it. Raw land can be rented to hunters, farmers or other things.
Be fearful when others are greedy, and greedy when others are fearful.
Looks like we might be getting close.
Looks like we might be getting close.
SCARd4Life
Well-known member
Good point. The SVB reaction was intense; some bond/futures moves were 9/11-scale, which seems a bit overdone. A bounce is likely in the cards. I'm on the sidelines trying to see what is the direction of financial conditions. New fed funding facility for banks that took on too much duration risk may loosen things back up. But banks are tightening lending to shore up balance sheets. The future is always unclear, but it's downright murky right now.
For entertainment purposes only, not investing advice.
I still think current CD rates (No Risk, FDIC insured) will continue to put pressure on the market.
This morning through Fidelity:
3 Month - 5.05%
6 Month - 5.10%
1 Year - 5.35%
2 Year - 5.25%
3 Year - 5.15%
5 Year - 5.45%
This morning through Fidelity:
3 Month - 5.05%
6 Month - 5.10%
1 Year - 5.35%
2 Year - 5.25%
3 Year - 5.15%
5 Year - 5.45%
Create an account or login to comment
Join now to leave a comment enjoy browsing the site ad-free!
Create account
Create an account on our community. It's easy!
Log in
Already have an account? Log in here.
