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03-18-2022, 10:47 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,476
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Given the inference it was unplanned, and required immediate action - today I put 70% in ARKK and 30% in ATT.
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03-18-2022, 10:59 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,553
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 Quote:
Originally Posted by Dash man
I’d use it to pay taxes and convert everything left in our pretax accounts to Roth.
Bottom line is everyone’s situation is different, so the answers won’t fit your friend’s needs.
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I like your answer!
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03-19-2022, 06:23 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,611
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I'm with Dash man, I'd convert everything to Roths, then go to the Dollar store with the change.
__________________
Give me Liberty or give me Death. Patrick Henry
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03-22-2022, 06:30 AM
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#24
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,478
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Same as my current AA.
__________________
"The mountains are calling, and I must go." John Muir
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03-22-2022, 06:05 PM
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#25
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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: 16,012
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What's the old joke? "If you got a million dollars, what would you do with it?" "I'd spend it on booze and women - the rest I'd just waste."
But seriously, I think I'd just add it to my current asset allocation - keeping it the same. Full disclosure, I'd BTD with, say 25K but YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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03-24-2022, 11:51 AM
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#26
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Moderator
Join Date: Oct 2010
Posts: 10,181
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Quote:
Originally Posted by DrRoy
Same as my current AA.
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Given the limited amount of information in the inquiry, I'd have to agree. It would help to know if the "friend" had $0M portfolio, vs $3M portfolio.
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03-24-2022, 12:15 PM
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#27
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Recycles dryer sheets
Join Date: Feb 2022
Location: Captain Cook
Posts: 200
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I'd plow it into my farm -- almost literally.
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03-24-2022, 02:00 PM
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#28
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 131
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Quote:
Originally Posted by sengsational
Given the limited amount of information in the inquiry, I'd have to agree. It would help to know if the "friend" had $0M portfolio, vs $3M portfolio.
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Has 2.5 M liquid, plus 900,000 in value of paid off real estate on 3 properties.
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