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Old 03-20-2017, 02:49 PM   #4251
rhcp0
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Re: The "I have XX money to invest, where should I put it?" Thread

Country you live in: Slovenia
Income: 20k a year
Risk Tolerance: High
Timeframe for investment: At least few years until I need money.
Debt: None
Amount to invest: About 150k€
My networth is about 250k and that money is in forest land.

Hi I don't have any knowledge abot investing and don't want to spend much or any time learing it. I just have my money in bank deposits but currently you get almost no interest on that money in my country. How should I invest?
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Old 03-20-2017, 03:01 PM   #4252
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by rhcp0 View Post
Hi I don't have any knowledge abot investing and don't want to spend much or any time learing it.
Pay a reasonable fee for unbiased professional advice from someone based in Slovenia.
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Old 03-20-2017, 03:31 PM   #4253
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Re: The "I have XX money to invest, where should I put it?" Thread

If he has no idea about investing, finding out whether the professional is unbiased/holds the interest of his client, is going to be very hard.
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Old 04-04-2017, 02:27 PM   #4254
Hellmuth was right
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Re: The "I have XX money to invest, where should I put it?" Thread

Country you live in: USA
Income: grind 2/5-5/10 full time with no other income. being conservative I expect to make 60k this year. i am 26, single, I live very cheaply, my monthly expenses are about 1700-1800 per month. I have 40k net worth, all of it is in cash.
Risk Tolerance: Medium to high
Timeframe for investment: long term
Debt: None

My max expected downswing is 15k, I would drop down to solely 2/5 I if I went on 10k downswing. 6 months living expenses would come out to 10k for me. Do I have enough to start investing? If so, would you recommend putting it in an ira to help reduce taxes owed, or something more liquid so that I would be able to access in case of medical or other emergency?
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Old 04-05-2017, 01:25 AM   #4255
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by Hellmuth was right View Post
Country you live in: USA
Income: grind 2/5-5/10 full time with no other income. being conservative I expect to make 60k this year. i am 26, single, I live very cheaply, my monthly expenses are about 1700-1800 per month. I have 40k net worth, all of it is in cash.
Risk Tolerance: Medium to high
Timeframe for investment: long term
Debt: None

My max expected downswing is 15k, I would drop down to solely 2/5 I if I went on 10k downswing. 6 months living expenses would come out to 10k for me. Do I have enough to start investing? If so, would you recommend putting it in an ira to help reduce taxes owed, or something more liquid so that I would be able to access in case of medical or other emergency?
i used to be in this situation in my younger years so heres what i would recommend.

because its the beginning of april you can still max out a $5500 roth for 2016 before tax day, as well as $5500 for 2017. so i'd look into doing that.

your max expected downswing will not be 15k (you prob haven't been playing live mistakes poker that long). however with that said the main risk you have is not a massive downswing and thus busting your roll, but instead a long period of slight winning/breakeven stretch where your $1800/month expenses will eat up your net worth/poker bankroll. it is very possible and almost certain to have a breakeven year (which in this case would eat up half ur net worth).

conservatively i'd keep grinding live if thats what you plan on doing and save as much as you can of your expected 60k earnings. i'd do this for a few yrs before moving up in stakes.

after a few years of this you will realize live poker is all about capped earnings for 95%+ of good pros and your yearly expected earnings will actually decrease over time as games play tighter, players play a more break even strategy, casinos increase rake and then hopefully by then you have saved up enough $$ to gtfo of live poker.
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Old 04-09-2017, 07:58 PM   #4256
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Re: The "I have XX money to invest, where should I put it?" Thread

Country you live in: USA
Income: 80k a year, have substantial savings from poker mostly invested in real estate, income mostly from rentals now
Risk Tolerance: low
Timeframe for investment: Very longterm, 10 years+
Debt: None
Amount to invest: 300k
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Old 04-09-2017, 08:06 PM   #4257
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Re: The "I have XX money to invest, where should I put it?" Thread

Kind of investment related:

What's the recommended procedure for rolling over a 401k? It's part traditional part roth if that matters. Better to contact current 401k provider or intended rollover location first?
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Old 04-09-2017, 09:32 PM   #4258
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by helpmeinvest View Post
Country you live in: USA
Income: 80k a year, have substantial savings from poker mostly invested in real estate, income mostly from rentals now
Risk Tolerance: low
Timeframe for investment: Very longterm, 10 years+
Debt: None
Amount to invest: 300k
Explain the low risk tolerance? What is the purpose of the money...retirement? How long until that point? More info on your goals would be helpful. More than likely, you should consider some kind of a target date fund or balanced fund.
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Old 04-09-2017, 09:32 PM   #4259
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by imjosh View Post
Kind of investment related:

What's the recommended procedure for rolling over a 401k? It's part traditional part roth if that matters. Better to contact current 401k provider or intended rollover location first?
You need to contact both. Each will probably have paperwork you need to complete.
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Old 04-10-2017, 01:26 AM   #4260
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Re: The "I have XX money to invest, where should I put it?" Thread

I have a lot of money saved. I have income from real estate, my lifestyle is vey nitty and everything is paid for in full. I haven't made the same type of money that I had during my best years in poker and haven't really been motivated to go out and find ways to generate more income. If I continue being lazy and not making a lot of money, I want my semi retirement to be sustainable. The money invested I'd want a reasonably low chance that it loses money over 10-20 years. I wouldn't be a panic investor in a down market, I just want to stick the money somewhere for at least ten years and any income it earns during that time be reinvested immediately.

Currently considering a three fund index in vanguard but wonder if there is a better way to generate passive income given my goals.
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Old 04-10-2017, 07:34 AM   #4261
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Re: The "I have XX money to invest, where should I put it?" Thread

Nevermind

Last edited by SootedPowa; 04-10-2017 at 07:35 AM. Reason: Nm
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Old 04-10-2017, 08:52 AM   #4262
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by helpmeinvest View Post
I have a lot of money saved. I have income from real estate, my lifestyle is vey nitty and everything is paid for in full. I haven't made the same type of money that I had during my best years in poker and haven't really been motivated to go out and find ways to generate more income. If I continue being lazy and not making a lot of money, I want my semi retirement to be sustainable. The money invested I'd want a reasonably low chance that it loses money over 10-20 years. I wouldn't be a panic investor in a down market, I just want to stick the money somewhere for at least ten years and any income it earns during that time be reinvested immediately.

Currently considering a three fund index in vanguard but wonder if there is a better way to generate passive income given my goals.
Yeah, the odds are in your favor that you won't lose money even with an aggressive equity allocation over a 10+ year time span....but it's very possible you could see a 40% draw down during that period, so your willingness to see that is part of the equation.

Based on your answer, I'd either throw it all into a Target Date Fund, potentially based on the allocation not your age...or pick a Balanced Fund...something like 60/40 might be a good fit for you? This goes back to your risk tolerance.
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Old 04-10-2017, 01:47 PM   #4263
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Re: The "I have XX money to invest, where should I put it?" Thread

Thank you very much Jalex. To be honest, my opinion on my own risk tolerance is uninformed at this point.

I managed to buy a few properties outright over the years and have that income from rent, however, my future income through work will not be that high. I have quite a bit of savings and real estate assets, perhaps my risk tolerance can be higher?

Please correct my current plan. I am worried that the market is at an all time high and there is a chance of correction. Rather than put any money I'm willing to invest all at once, was planning to invest 3k/month into a portfolio until I'm in my early 50s, at which point with 5% average compounding interest, would be roughly 1m. At this point, if I need the income, I could live off the interest that this money generates or reinvest if I have been doing well over this time period. In the event of severe market downturn, I'd up the contribution up to 60k/month. The reason I'm doing this, is so that I don't stick everything in at once, face an extended downturn and limit my buying power in other areas such as real estate. My plan is to stick to a minimum 3k/month and leave it there and in the event of unforeseen circumstances or better opportunity, stop the contributions and leave the money I have already contributed until I hit my 50s.

There is a strong chance there are basic flaws in my logic, forgive me I am new to this and still researching.

Ignore my own risk tolerance for a moment, if you were me, someone with a decent amount of money and assets now, but a limited future earning potential through work and a person that is very conservative with spending, what would be your plan for investments?

Thank you again.
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Old 04-17-2017, 03:36 AM   #4264
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Re: The "I have XX money to invest, where should I put it?" Thread

Country you live in: Australia/Singapore/anywhere where the market and lifestyle is great
Income: 200k net , expenses 50k
Risk Tolerance: medium, high depending on % of investment outlayed (preferably not tech startups though)
Timeframe for investment: medium term, 2-4 yrs
Amount to invest: 100k
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Old 04-17-2017, 11:42 AM   #4265
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by spooner90 View Post
Country you live in: Australia/Singapore/anywhere where the market and lifestyle is great
Income: 200k net , expenses 50k
Risk Tolerance: medium, high depending on % of investment outlayed (preferably not tech startups though)
Timeframe for investment: medium term, 2-4 yrs
Amount to invest: 100k
Why not wait 2-4 years minus 8 months and just have $150k expenses that year?
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Old 04-18-2017, 04:18 AM   #4266
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Re: The "I have XX money to invest, where should I put it?" Thread

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Originally Posted by BrianTheMick2 View Post
Why not wait 2-4 years minus 8 months and just have $150k expenses that year?
?
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Old 04-18-2017, 11:27 AM   #4267
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Re: The "I have XX money to invest, where should I put it?" Thread

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Originally Posted by spooner90 View Post
?
Your amount to invest, time to invest and income minus expenses seem to be at odds with each other.
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Old 04-20-2017, 09:25 AM   #4268
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by BrianTheMick2 View Post
Your amount to invest, time to invest and income minus expenses seem to be at odds with each other.
I reinvest in my current businesses to continue growth. This is for another stream of income.
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Old 04-20-2017, 12:10 PM   #4269
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by spooner90 View Post
I reinvest in my current businesses to continue growth. This is for another stream of income.
Ok.

So, what do you mean by "medium" in terms of risk tolerance. How much of the $100k are you fine with potentially being down at the end of your 2-4 year timeframe?
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Old 04-24-2017, 01:33 PM   #4270
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Re: The "I have XX money to invest, where should I put it?" Thread

Arizona, USA
34 yo, no children
60k income
40k student loan when I get degree fall '18
15k 401k (18% contribution, 5% match (Vangard target 2045 (40%),Vangard Mid Cap (30%), Vangard S&P 500 (30%)))
8k in savings account
2k monthly expenses

Long story short I started life over at 30 years old. Getting degree in Fall of '18. Barring a major change in my industry, can realistically land job within 6 months of degree in 85-110k range.

I know my employer match is low but I figured that since low cost Vangard funds were offered I could contribute more than match without losing a ton of value.

Just wondering what options I should be considering? Is investing income above the 5% employer match into something different worth looking into? What ramifications would a theoretical salary increase have in terms of investing?

Thx for any input. Would be happy to add more details if needed
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Old 04-24-2017, 01:58 PM   #4271
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by GoDeViLs View Post
Arizona, USA
34 yo, no children
60k income
40k student loan when I get degree fall '18
15k 401k (18% contribution, 5% match (Vangard target 2045 (40%),Vangard Mid Cap (30%), Vangard S&P 500 (30%)))
Why the investment allocation? You are way overweight to US stocks and way overweight to Large-Cap/Mid-Cap. Why?


What are the expenses in your 401k? It might be better to do the following:

1. Max out to get the 5% match in your 401k.
2. Max out an individual IRA (Traditional or Roth - could argue for either at $60k income) in your own Vanguard Account.
3. Defer whatever additional money you can into the 401k.

This would let you save more money and may save you on 401k expenses by prioritizing the IRA (which would have only the underlying fund expenses).
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Old 04-25-2017, 04:57 AM   #4272
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Re: The "I have XX money to invest, where should I put it?" Thread

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Originally Posted by BrianTheMick2 View Post
Ok.

So, what do you mean by "medium" in terms of risk tolerance. How much of the $100k are you fine with potentially being down at the end of your 2-4 year timeframe?
Sorry for late response

$50K left over would be my comfort level. Medium is just a ballpark area where one could say low on the scale is long-term interest savings accounts and high is tech-startups. Medium could be something like fire-sale property. I like to get hands-on with stuff (at least initially) also.
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Old 04-25-2017, 10:25 AM   #4273
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Re: The "I have XX money to invest, where should I put it?" Thread

Quote:
Originally Posted by spooner90 View Post
Sorry for late response

$50K left over would be my comfort level. Medium is just a ballpark area where one could say low on the scale is long-term interest savings accounts and high is tech-startups. Medium could be something like fire-sale property. I like to get hands-on with stuff (at least initially) also.
Sounds like you should just buy what you feel like buying. I don't know of any fire-sale properties currently available.
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Old 04-26-2017, 03:55 AM   #4274
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Re: The "I have XX money to invest, where should I put it?" Thread

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Originally Posted by BrianTheMick2 View Post
Sounds like you should just buy what you feel like buying. I don't know of any fire-sale properties currently available.
The target is to have a mil by the end of next yr. Was shooting for $500k net by the end of this year however got stuck trying to set up new things in the current biz inefficiently which resulted in a pretty slow quarter. Hopefully things will take off and will sit somewhere 450k-500k at the end of the yr.

Need about $250k to keep things running as is and can maybe leverage very favourable loans for another 50-100k for cash flow if need be. That will leave 200-250k to chuck into something else next year, looking for a min 50% return on it. Can automate a couple of things to give it some more focus to make it happen if need be. Could look into throwing 150k into low risk and 100k into high, that might be something im comfortable with. Net -50k on that 250k for the year won't bother me at all.
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Old 05-10-2017, 07:04 AM   #4275
|<1|\|6
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Re: The "I have XX money to invest, where should I put it?" Thread

about me:
Austrian who works in Gib and lives in Spain
nooby @stock-trading; started with social-trading and copied a good trader and made a few bucks; now I want to be a little bit more serious

Risk:
4/10 points

Timeframe for investment:
about 2 years

would like to start with 5-10k EUR

any help/advice/info is highly appreciated regarding learning-websites, books, trading-websites and more

on a side-note: is it wise to do privat-pension? i received a free offers but nothing seems really good to me; costs are insane and winning percentage are super-low or even below zero
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