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Windfall investment advice
09-28-2013, 09:40 AM
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#1
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Dryer sheet aficionado
Join Date: Mar 2013
Posts: 28
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Windfall investment advice
I'm in the process of selling one of my websites and I will have about $57,000 coming out of an escrow account in a few weeks.
We don't need the money (no debt) so I'm looking for investment ideas as a lump sum, or broken out.
We're pretty diversified but I'm kind of at a loss of what to do with it because this sale literally came out of the blue and made sense to sell after I ran some numbers.
Thanks.
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09-28-2013, 09:55 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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I'd just invest it per your current asset allocation plan.
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09-28-2013, 11:37 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,796
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Agree. Dollar-cost average your asset purchases over some months according to your chosen AA.
And congrats on your web sale!
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09-28-2013, 01:28 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,134
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I agree with the dollar cost average into your current asset allocation.
However, I would first take no more than 10% of the money and have fun with it. Buy something, go on a trip, make a significant donation to a favorite cause, etc.
It is good to balance ones' diligence with a little fun.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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09-28-2013, 02:54 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,794
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An only slightly tongue-in-cheek recommendation (i'm actually gonna do it) is to buy "some" forever stamps. Next rate increase should happen before long (probably $.03). That's the equivalent of 6+% for the first year (not many gummint guaranteed vehicles can boast that - especially since the investment is as short-term as you want to make it.) Congratulations on making money on a web site and, oh yes, YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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09-28-2013, 03:38 PM
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#6
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Dryer sheet aficionado
Join Date: Mar 2013
Posts: 28
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Thanks for the advice.
What are stamps? I use about one per year.
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09-28-2013, 06:50 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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So you'll get a 6.5% return on $0.46 - don't spend it all in one place.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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09-29-2013, 10:37 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,794
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Quote:
Originally Posted by pb4uski
So you'll get a 6.5% return on $0.46 - don't spend it all in one place.
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Sounds like a bunch of Scrooges. Doesn't anyone else send X-mas cards or BD cards, etc.? We go through 2 or 3 hundred stamps a year at least. Also, we both occasionally supply stamps for organizations we belong to (with reimbursement or charity donation). Guess what rate we can use? Uhhh, the new, higher rate. So, for us (only) we're looking at several hundred per year, which is why I mentioned it. If you only use one, you still get bragging rights.
"Hey, I got this great investment that made me 6.5% guaranteed. Ahhh, but you wouldn't be interested."
YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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09-29-2013, 02:53 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,130
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Quote:
Originally Posted by Koolau
Sounds like a bunch of Scrooges. Doesn't anyone else send X-mas cards or BD cards, etc.? ..."
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I send a few X-mas cards the old fashioned way. Thus, I've stocked up on enough forever stamps to hopefully last my entire lifetime .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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09-29-2013, 03:00 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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There was a funny comedienne the other night on Letterman who said something like "where else can you walk into a building, hand a guy a letter, and say 'here is 46 cents - will you take this to Alaska for me ?'".
__________________
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09-30-2013, 10:41 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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I agree - it is pretty incredible. We actually transitioned most of our holiday greetings to email a couple years ago. we have a couple dozen cards that we send by snail mail. Note it was the OP who said they use one a year - we do use more, but not many.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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