 |
|
02-02-2016, 08:45 PM
|
#21
|
|
Recycles dryer sheets
Join Date: Feb 2011
Location: columbus
Posts: 112
|
Go travel the world on the cheap...invest what's left when you get back.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
02-02-2016, 09:49 PM
|
#22
|
|
Full time employment: Posting here.
Join Date: Dec 2005
Posts: 567
|
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.
|
|
|
|
|
02-02-2016, 09:52 PM
|
#23
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
|
He's only 22- as George Best said...I spent half my money on gambling, alcohol and women. The other half I wasted.
|
|
|
|
|
02-02-2016, 10:05 PM
|
#24
|
|
Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
|
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...
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
|
|
|
|
|
02-03-2016, 07:14 AM
|
#25
|
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
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
|
|
|
|
|
02-06-2016, 05:38 PM
|
#26
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
|
VTSAX
Sent from my iPad using Early Retirement Forum
|
|
|
|
|
02-07-2016, 06:30 PM
|
#27
|
|
Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,972
|
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
|
|
|
|
|
02-07-2016, 06:48 PM
|
#28
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
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.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
Similar Threads
|
| Thread |
Thread Starter |
Forum |
Replies |
Last Post |
|
And I thought that 750,000,000,000 was a big # !!!
|
mickeyd |
Other topics |
0 |
09-27-2008 01:44 PM |
|
Don't forget to claim your part of the $10,000,000,000 refund
|
mickeyd |
FIRE and Money |
1 |
12-26-2006 12:58 PM |
|
$20,000,000,000 in Taxes.
|
mickeyd |
FIRE and Money |
12 |
11-01-2006 04:49 PM |
|
$423,000,000,000.00
|
Howard |
Other topics |
25 |
02-08-2006 02:59 PM |
|
$2,000,000,000,000- Happy 55th
|
mickeyd |
Other topics |
12 |
12-28-2004 08:19 AM |
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
