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Old 02-02-2016, 08:45 PM   #21
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Go travel the world on the cheap...invest what's left when you get back.

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Old 02-02-2016, 09:49 PM   #22
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My advise would be to set up your life first. At 22 he probably doesn't own a home or have children and might have student loans and his car might be on it's last legs.

So put away $5K as an emergency fund and 10K as a house buying fund and 5K as his first ROTH in a S&P Index fund. Then he can start saving for a house and paying for another ROTH for the next year. Improve credit score and get ready to buy a first house or condo.

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Old 02-02-2016, 09:52 PM   #23
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He's only 22- as George Best said...I spent half my money on gambling, alcohol and women. The other half I wasted.
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Old 02-02-2016, 10:05 PM   #24
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Take the 20K, but 5K of a 2 year treasury 5K of treasury with 3 years 5K of a treasury with 4years and a 5 year treasury. As each come due invest half and repurchase a 5 year treasury with the other half. Continue for the rest of your life, should avoid most of the coming damage that way...
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Old 02-03-2016, 07:14 AM   #25
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Pay of any debt. Once that is done put anything left in the a savings account and read the Bogleheads wiki on how to invest.
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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Old 02-06-2016, 05:38 PM   #26
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Old 02-07-2016, 06:30 PM   #27
Recycles dryer sheets
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My mind tells me to put $15,000 on S&P or Dow Jones index fund. And use the $5000 for other things you like - travel, etc. But if I was at that age, my emotions tell me to get a Sports cars and do a road trip . Seriously, invest the money, so you can be a millionaire at 60 yrs old.
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
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Old 02-07-2016, 06:48 PM   #28
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1. Pretend you never got the money.

2. Buy Vanguard Total World Stock Index Fund.

3. Don't look except as required at tax time for at least 20 preferably 30 years. Then but the appropriate life cycle fund for your /situation.

Party on, do life, make your good moves/mistakes just like before you ever saw /heard of the money.

heh heh heh - at age 72 hindsight says I did best in the 401k(Bogle's Folly) I never looked at that much nor messed with - doing nothing was my best investment move and I made a lot of less stellar ones over the decades.

2 cents.

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