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re: What to do w/ $500,000
Posted on 2/7/24 at 7:42 am to GentleJackJones
Posted on 2/7/24 at 7:42 am to GentleJackJones
-If rate on student loans is >7% I'd pay them down some
-Leave 6 months E Fund + any confirmed CAPEX (new house, major expenses, truck etc.) for the next 3 yrs parked in the MM fund (VUSXX yield is 5.44%)
-Max out all tax deductible avenues (401k's, 529's, HSA, TIRA if eligible etc)
-Data says lump sum beats DCA more often than not but being an election year, market ATH, global sh*t show and relatively large balance I'd lump sum 50% of what's left and keep the rest liquid. If/when things get rough cash creates lots of opportunities - people liquidating toys, real estate etc.
-Leave 6 months E Fund + any confirmed CAPEX (new house, major expenses, truck etc.) for the next 3 yrs parked in the MM fund (VUSXX yield is 5.44%)
-Max out all tax deductible avenues (401k's, 529's, HSA, TIRA if eligible etc)
-Data says lump sum beats DCA more often than not but being an election year, market ATH, global sh*t show and relatively large balance I'd lump sum 50% of what's left and keep the rest liquid. If/when things get rough cash creates lots of opportunities - people liquidating toys, real estate etc.
This post was edited on 2/7/24 at 7:44 am
1
Posted on 2/7/24 at 11:13 am to SwampCollie
quote:
I'd lump sum 50% of what's left and keep the rest liquid
Why would he not just park 90% of it in MMMF with the yield he's getting and use the other 10% on either SPY short puts or long calls?
Seems like way too much money to risk when yields are frothy. Albeit they are going keep going down. But that's not exactly a risk on signal for equities it's quite the opposite.
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