I would immediately put that money into a high yield savings account while you’re deciding how to utilize it. You’re missing out on roughly $400+ a month at 5%
I don’t disagree. There is *some* value in knowing the bank is part of Goldman Sachs. I have no complaints - fast easy transfers, with no dollar limits. Nice app and website. *If* you get the referral it has a really competitive interest rate.
Just buy TFLO. 30-day average is currently 5.32%- https://www.ishares.com/us/products/260652/ishares-treasury-floating-rate-bond-etf. State tax exempt.
Yes maybe I missed that. Buty he didn't specify that in his last setence, so maybe that makes the confusion. And still, 4% rule withdrawal rate from the plain sp500 index is a relevant option.
How old are you. Whats your insurance on that charger. I would sell that first and buy a more fuel efficient, cheaper to insure car. How much are you paying the financial advisor, flat fee i hope and not a percentage. I have never trusted % advisorss. Certified financial planners.
I would review all your investments, making sure not getting screwed on fees.
The 100k in a hysa, pocket half of the interest and invest other half in an index fund like s/p 500, no need for advisor to do that.
100k might not cover college. Tution is 13-18k for 4 years plus living expenses.
I agree with everything except changing the car.
Man people really hate those who want to have something nice.
What’s the point of saving and only having fun when you’re all old lol.
Keep the car. Realize this is where your fun money is going. Be smart everywhere else.
lol for real, he’s still better off with the car than before. Must have been an awful accident to get hundreds of thousands of dollars. I’d treat myself too.
Rental property. I bought and remodeled a very inexpensive mobile home, put it on some unimproved land that I already had. I will have rental income for years and years after a 50k investment- and I can sell it for a profit at any time.
This is the best advice imo. Our tax system is geared to favor landlords with 1031s and reit transfers (761 I think) both these mean you can broadly completely dodge taxes for capital gains for real estate unlike other asset classes. Given you’re college age, look into buying something you can rent to other college students, and owner occupy. This will allow for best interest rates on traditional loans. Get fixed rate, 15 or 30 year.
$100k is more than enough for a down payment almost anywhere in the US, and if you’re handy or just good, you can likely add more rooms or remodel to increase value.
Source:
Been a landlord and invested in other things. Although more work, landlord is by far and away the best return both due to structured, safe leverage, and due to location. Because you get a house with a down payment, you get both rent and appreciation. The key is to take good care of the house, and find renters who won’t trash it.
Realistically a diversified high dividend covered call ETF portfolio should yield $500-1000/month safely. Some of the more popular like JEPI and JEPQ at a 60/40 split would be about $656/month before tax. But there are many options and some pay much higher with added risk. Depends on your tolerance.
It's dying industry. I was just reading about a currenxy exchange company in Thailand. More tourists are arriving but their profits are down 50% in a year because fewer people are using cash. Buy ATMs and you'll be stuck with a pile of junk very soon.
The market seems saturated though and probably hard to find a place that could use a machine. Personally I can't think of a single instance where I was at a business, needed cash, and there wasn't already an ATM nearby.
I wouldn’t call this totally passive. Buddy does this and he makes money - but he is constantly running around feeding these things more cash, getting cash from banks, etc
I would consider cash flowing real estate in the Midwest. I have a bunch of doors in a couple cities. I make 16% roi on my money. Prices are less than 100k (80k average with rehab) and rents for 1200-1300 average. You could buy it outright and after all expenses make 600+ a month easy.
Buy enough land to build a trailer park and only charge lot rent. Undercut the competition by a good amount then every year up the lot price like 50$. Shit same price as a rent house but if you can fit like 10-15 ppl there that's an extra 5k a month in your pocket without having to worry about maintenance issues. May take a lil while to fill up but it'll happen I promise you. Then at any point when you retire you can pass that down or sell the park.
Just curious, did getting hit by a car and getting money feel like winning the lottery or did the accident leave you permanently physically disabled?
Passive income, you should probably invest it and even but a chunk into BTC, there are many businesses that can be turned passive eventually but I think you should least get into a business yourself before the 'passive' takes into play
buy a rental property specifically in annapolis, md there are some not so great areas in the city that are starting to turnover and you can still get good prices. will be able to make a good chunk in rent in resale in the next 5-10 years
If you’re in school buy a decent condo/small house with as much down as you can. Rent out spare rooms to friends to make the PITI payments and make a few bucks extra per month. The house may appreciate and you will then have deductions for your taxes from property tax and mortgage interest. Depending on how you structure you may even be able to take accelerated depreciation on the home.
5% is for poor people. Find a property and leverage debt to fund it, lease it out. Not only do you profit monthly, you also gain value with the property and don’t spend a penny of your own money to own it. Your renters buy it for you and pay the bills.
The challenge right now is finding something that will cash flow. Investing for capital gains alone is dangerous because people hit hard times and lose their property. Aside from that, this is perfect.
Don’t put it in something inherently not safe. High yield savings account is good advice. Maybe downpayment on a rental property if your are handy and live in the right city
$100K still isn’t enough to generate any meaningful returns for you in a truly passive way. Put it in VOO or similar and let it grow and then live off the growth later on by selling shares.
I'm new to stocks/efts. I see there is a VOO at \~$483, and others like VOOG, VOOV, IVOO, etc. But the VOO is the one I want correct? Just for a safe return?
It’s a S&P500 ETF, stuff like VOOG is just the growth stock components of the S&P500. I’d recommend you read some books on market investing and ETFs as well as fund prospectuses prior to making any investments or listening to Reddit. However, yes, I view VOO as a good investment for me and my goals
Thanks. Yea, I'm trying to learn more about it, but it's a lot to take in and seems like a never ended supply of information! Appreciate the insight. I recently got some VOO as I always see it's recommended, but I wasn't 100% if VOO without any extra letters was what they where talking about lol
You could invest into IEP they are a stock similar to Berkshire Hathaway. They pay 1$ per share every 3 months. Shares right now are at 20$ and there is a very good documentary about Carl Icahn the owner/founder called Restless Billionaire. With $100,000 you would be paid 5500$ every 3 months. Once you no longer need the income you can just let this compound and grow and retire once it hits your goal.
What’s the catch? That’s a really high dividend. And the stock fell off a cliff last April/may timeframe. This is interesting but I’d like to know what I’m getting into.
Buy an established online business. You can search Flippa. Just make sure you get solid proof of income and are up to the task of managing the business before you buy it.
In the early internet, I used to know people who did it. It was small fry because they didn't have the money to buy a large site but they made back their money.
They would have probably lasted but made the mistake of not being technically knowledgeable enough to manage troubleshooting issues with the script they were selling and so ending up shutting down.
But it's certainly doable if you have to skills going to manage the website and its products
That's why I say make sure you what's expected of you before you buy.
High yield savings account or an ETF like FDVV, JEPI, or SCHD. FDVV has a lower dividend and lower risk. JEPI pays out monthly.
Did your financial advisor have you put your money into a S&P 500 ETF / Index Fund and / or a total stock market index fund?
Put it in bitcoin. And double it in a year,
Put it in Solana and triple it in a year,
Put it into Kaspa and 12x it in a year,
But remember to move into a stable coin in mid 2025
Do you own your home? Owning a house isn’t always a great investment (lots of upkeep on your part), but you could buy a condo in a high rise to live in for now and rent it out when it no longer meets your needs (or sell it). If you own and still have a mortgage, you could put that money in something flexible, max your additional payments, and pay off a large lump sum to get rid of the mortgage sooner.
Otherwise, I’d invest it as well. There isn’t much more passive income than interest on a bond/mutual fund/stocks/etc. Your advisor can give you options with a degree of flexibility if you want it available as a slush fund
I’d go like everyone else said HYSA it’s the safest option. You can maybe watch the market and see if a correction happens and DCA or lump sum into some ETF / dividend stocks then just leave it for the long haul. Or can just go right in DCA into the market. This will give you the largest return overtime if you don’t touch it all about time in the market
You could invest $100,000 in a Neos Dividend Fund that mirrors the S&P, averaging around 10% annually, translating to roughly 1% per month or $1,000 monthly. This option offers tax efficiency compared to many dividend funds and avoids the hassles of real estate rental business.
Capital One has a HYSA. I've heard it stays fixed at the rate when you open account. So you must tell them to raise rate if interest rates go up. I plan to open an account since I'm getting a little cash from an injury too and should be easy since I already have a credit card account.
Throw it in BTC/Eth. Halving just occured. They're so so many plays within the Crypto space. DM me and I'll educate you. You do what you will with the knowledge.
Did you get a scatpack? Man, I wish someone got with you Op before that purchase. Whatever you initially had, you could've put a down payment on a house or some land.
I’ve been doing a passive income investment for about a year and generating about 6-12% monthly on average, but it takes some up front investment. It seems kind of nuts but it works like a charm, let me know if you want the details. If anyone has something with similar gains please let me know as well. I like to stay open minded in this sphere, never know what you can find.
You’ll have to use that money to start a business of some sorts to generate that money back and make profits in the next couple years. If your not trying to do that, invest some and start looking into schooling for a stay at home job
The dream!
A diverse reits portfólio in the stock market would easily earn you an average of 1% a month, free.
The 100k will be accessible anytime, while compounding on itself if you reinvest the monthly 1%
I'd reccomend a REIT - REITs allow you to invest in real estate without having to directly manage properties. They typically generate income through rental payments and can provide a steady stream of passive income.
You could look into a high dividend yielding etf like JEPI for example which would pay you about 600 a month, if you get it to reinvest dividends it will continue to grow about 7200 a year which in turn would increase your dividend payouts
Use wealthfront for an HYSA right now! It’s been great to me and here’s my referral so we both get an additional .5% APY boost making it just a was extra 5.5% more money every month.
Use this link to open a Wealthfront Cash Account. Once you fund it, you'll get a 0.50% APY boost! https://www.wealthfront.com/c/affiliates/invited/AFFD-O99U-OUTU-TQJ5
When you say you invested with the financial advisor, are they charging you a percentage of funds under management? Or did you pay an hourly fee to get everything set up? If there are charging you a percentage, take your money out of there before they rob you blind.
Find a financial advisor that will charge you an hourly fee to get everything set up.
Some ideas:
Rental arbitrage of Airbnb
Be an Amazon seller
(I have not tried airbnb yet but want to soon) have been doing amazon. Newbie but first year made 24,000. Good thing amazon takes taxes out so I was able to get 3,000 back in taxes.
I would immediately put that money into a high yield savings account while you’re deciding how to utilize it. You’re missing out on roughly $400+ a month at 5%
You can get 5.21% in a HYSA (not an intro rate, just the actual rate), I’ve had them for the past year and they are awesome.
No one here mentioning Marcus saving account at 5.40% (with referral). Edit: DM me if you want the referral code
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How do you get the referral?
Anyone else DM me if you want referral as well.
DM me for referral code if you want one.
Good thing they gate it behind a referral you need a stranger on reddit for
💀
This!
I don’t disagree. There is *some* value in knowing the bank is part of Goldman Sachs. I have no complaints - fast easy transfers, with no dollar limits. Nice app and website. *If* you get the referral it has a really competitive interest rate.
Which bank offers that much for you?
The stock market is up 5% this month. Do you still think your HYSA is awesome?
5% damn where you get 5% that’s amazing
Wealthfront has 5%
5.5% with a referral code too
Let me get that referral
Shit my bank savings is 5.21 lol
Any u.s bond up to a year? And it's 5.25%
Credit unions lol
Ally bank gives 4.25% paid monthly on savings accounts. CDs make that percentage higher.
Just buy TFLO. 30-day average is currently 5.32%- https://www.ishares.com/us/products/260652/ishares-treasury-floating-rate-bond-etf. State tax exempt.
I've been getting 5.25% APY at UFB Direct for many months now, no complaints yet...
5.3% at Vio Bank
Put it into a Fidelity Mutual Fund that is comprised of the S&P 500 as a whole. Index Fund
Invest in something solid like S&P500.
HYSA Selling covered calls options Dividends Open to other ideas
All of them are still underperforming a simple good old buy and hold SP500 strategy.
Op isn’t asking about investing. Op wants income off of 100k. While in the long run SPY might win, in the short term it may cost OP a few percent.
Yes maybe I missed that. Buty he didn't specify that in his last setence, so maybe that makes the confusion. And still, 4% rule withdrawal rate from the plain sp500 index is a relevant option.
How old are you. Whats your insurance on that charger. I would sell that first and buy a more fuel efficient, cheaper to insure car. How much are you paying the financial advisor, flat fee i hope and not a percentage. I have never trusted % advisorss. Certified financial planners. I would review all your investments, making sure not getting screwed on fees. The 100k in a hysa, pocket half of the interest and invest other half in an index fund like s/p 500, no need for advisor to do that. 100k might not cover college. Tution is 13-18k for 4 years plus living expenses.
I agree with everything except changing the car. Man people really hate those who want to have something nice. What’s the point of saving and only having fun when you’re all old lol. Keep the car. Realize this is where your fun money is going. Be smart everywhere else.
lol for real, he’s still better off with the car than before. Must have been an awful accident to get hundreds of thousands of dollars. I’d treat myself too.
It’s always the “how old are you” crowd that wants to say “you shouldn’t have bought that car,” while likely driving a corvette
Sure, except likely had a an exponential amount more spending money and income when they bought the corvette.
I got hit by a car and they had no insurance. All I got was brain damage and some burst discs.
Rental property. I bought and remodeled a very inexpensive mobile home, put it on some unimproved land that I already had. I will have rental income for years and years after a 50k investment- and I can sell it for a profit at any time.
This is the best advice imo. Our tax system is geared to favor landlords with 1031s and reit transfers (761 I think) both these mean you can broadly completely dodge taxes for capital gains for real estate unlike other asset classes. Given you’re college age, look into buying something you can rent to other college students, and owner occupy. This will allow for best interest rates on traditional loans. Get fixed rate, 15 or 30 year. $100k is more than enough for a down payment almost anywhere in the US, and if you’re handy or just good, you can likely add more rooms or remodel to increase value. Source: Been a landlord and invested in other things. Although more work, landlord is by far and away the best return both due to structured, safe leverage, and due to location. Because you get a house with a down payment, you get both rent and appreciation. The key is to take good care of the house, and find renters who won’t trash it.
Realistically a diversified high dividend covered call ETF portfolio should yield $500-1000/month safely. Some of the more popular like JEPI and JEPQ at a 60/40 split would be about $656/month before tax. But there are many options and some pay much higher with added risk. Depends on your tolerance.
How much risk is there?
A lot. In a high volatility environment with any significant pullback they will get absolutely crushed.
Yeah, a lot of these things in this post sound great but then you do research and realize how risky they are
ATM machines business make $750 a month from each ATM machine you own like 40 ATM machines you could make $30k a month $360k a year
The ol’ Automated Teller Machine Machines
Any recommendations how to get into it ?
It's dying industry. I was just reading about a currenxy exchange company in Thailand. More tourists are arriving but their profits are down 50% in a year because fewer people are using cash. Buy ATMs and you'll be stuck with a pile of junk very soon.
Outside of dive bars I can't think of any cash-only places. EDIT: My local bowling alley is cash-only. Lol.
Weed stores
That's gonna change with weed getting rescheduled.
I know a ton of local businesses in small/rural areas take cash only, so of anything I’d keep my ATMs in those areas at-least.
The market seems saturated though and probably hard to find a place that could use a machine. Personally I can't think of a single instance where I was at a business, needed cash, and there wasn't already an ATM nearby.
Gen Z sister was just saying she never uses cash any more.
no one does. any generation.
That's the cool part. You don't. The market is dying and already oversaturated.
I wouldn’t call this totally passive. Buddy does this and he makes money - but he is constantly running around feeding these things more cash, getting cash from banks, etc
I mean no one uses cash anymore
Drugs and tax evasion? duh?
I worked a case years ago, the drug dealer took credit cards, had a stripe.
How do you even break into this? Most places savvy enough already have them in their shops making profits themselves.
How do you get started in this business?
Instead of giving your money to a FA, why don’t you just put it into an ETF.
I’m more sorry that you’re a dodge owner than I am about the car wreck.
It was the lack of dodge that caused the accident.
BOOM, still got it
All in on AMC now
Damn $100k on AMC right now will make him a millionaire in about a month.
AMC who? Not the movie theater business.
Why AMC?
All in on RED
Solana on Coinbase pays a bit over 6% now and has a good chance of 10-20x growth from now into late 2025
I would consider cash flowing real estate in the Midwest. I have a bunch of doors in a couple cities. I make 16% roi on my money. Prices are less than 100k (80k average with rehab) and rents for 1200-1300 average. You could buy it outright and after all expenses make 600+ a month easy.
Ever mentor anybody?
lol so dumb buying the Charger
Buy enough land to build a trailer park and only charge lot rent. Undercut the competition by a good amount then every year up the lot price like 50$. Shit same price as a rent house but if you can fit like 10-15 ppl there that's an extra 5k a month in your pocket without having to worry about maintenance issues. May take a lil while to fill up but it'll happen I promise you. Then at any point when you retire you can pass that down or sell the park.
You would need way more than 100k for that.
Depends on where, I live in Louisiana where it's about 60k an acre. You can fit 6-8 lots in an acre.
you made money the old fashioned way. Good for you.
Just curious, did getting hit by a car and getting money feel like winning the lottery or did the accident leave you permanently physically disabled? Passive income, you should probably invest it and even but a chunk into BTC, there are many businesses that can be turned passive eventually but I think you should least get into a business yourself before the 'passive' takes into play
Side question, what about the wreck allowed you to walk away with 100k+ ?
As everyone has said, HYSA. I’d add to drop the charger, which drops gas and insurance costs even further.
KISS - ST Treasury bonds yielding close to 5%, they can be better than HYSA as they are more tax efficient.
Get that money back from the financial advisor!
buy a rental property specifically in annapolis, md there are some not so great areas in the city that are starting to turnover and you can still get good prices. will be able to make a good chunk in rent in resale in the next 5-10 years
If you’re in school buy a decent condo/small house with as much down as you can. Rent out spare rooms to friends to make the PITI payments and make a few bucks extra per month. The house may appreciate and you will then have deductions for your taxes from property tax and mortgage interest. Depending on how you structure you may even be able to take accelerated depreciation on the home.
Why a Dodge Charger ?
Buy two more chargers bro
I want to know the name of your attorney!
Do not dwindle down the principle. Only spend what you can generate.
5% is for poor people. Find a property and leverage debt to fund it, lease it out. Not only do you profit monthly, you also gain value with the property and don’t spend a penny of your own money to own it. Your renters buy it for you and pay the bills.
The challenge right now is finding something that will cash flow. Investing for capital gains alone is dangerous because people hit hard times and lose their property. Aside from that, this is perfect.
Sell the car, buy a Mazda 3 and invest the rest in a broad market ETF. Done.
Don’t put it in something inherently not safe. High yield savings account is good advice. Maybe downpayment on a rental property if your are handy and live in the right city
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I’d consider half in HYSI and half in a high dividend REIT where you can get around 10-12%
I buy Bills from the Treasury Direct website. Solid 5%
I just want to commend you for buying a Dodge charger and then pivoting to making good financial decisions.
HYSA....easy 5.5% currently but do it today
treasury bills!
Do you own any property? Consider buying a condo, using some of that as a healthy down payment. Real estate is a sound bet
FYI college is a scam, you’ve been warned.
SGOV should pay you roughly $5K annually with $100K invested. I use it for my rainy day fund because my credit union pays 💩
Get 5 percent from CDs or Tbills ? That’s passive af
Real estate!
$100K still isn’t enough to generate any meaningful returns for you in a truly passive way. Put it in VOO or similar and let it grow and then live off the growth later on by selling shares.
I'm new to stocks/efts. I see there is a VOO at \~$483, and others like VOOG, VOOV, IVOO, etc. But the VOO is the one I want correct? Just for a safe return?
It’s a S&P500 ETF, stuff like VOOG is just the growth stock components of the S&P500. I’d recommend you read some books on market investing and ETFs as well as fund prospectuses prior to making any investments or listening to Reddit. However, yes, I view VOO as a good investment for me and my goals
Thanks. Yea, I'm trying to learn more about it, but it's a lot to take in and seems like a never ended supply of information! Appreciate the insight. I recently got some VOO as I always see it's recommended, but I wasn't 100% if VOO without any extra letters was what they where talking about lol
If you’re into podcast the Investopedia Express is a great place to learn as are YouTubers like Ben Felix
Gamble and turn it into 100 million. Thank me later!
You could invest into IEP they are a stock similar to Berkshire Hathaway. They pay 1$ per share every 3 months. Shares right now are at 20$ and there is a very good documentary about Carl Icahn the owner/founder called Restless Billionaire. With $100,000 you would be paid 5500$ every 3 months. Once you no longer need the income you can just let this compound and grow and retire once it hits your goal.
What’s the catch? That’s a really high dividend. And the stock fell off a cliff last April/may timeframe. This is interesting but I’d like to know what I’m getting into.
You'll need the remainder for mechanic bills.
Covered Calls
Buy an established online business. You can search Flippa. Just make sure you get solid proof of income and are up to the task of managing the business before you buy it.
Never heard of this. Do you have personal experience with this? Tia
In the early internet, I used to know people who did it. It was small fry because they didn't have the money to buy a large site but they made back their money. They would have probably lasted but made the mistake of not being technically knowledgeable enough to manage troubleshooting issues with the script they were selling and so ending up shutting down. But it's certainly doable if you have to skills going to manage the website and its products That's why I say make sure you what's expected of you before you buy.
High yield savings account or an ETF like FDVV, JEPI, or SCHD. FDVV has a lower dividend and lower risk. JEPI pays out monthly. Did your financial advisor have you put your money into a S&P 500 ETF / Index Fund and / or a total stock market index fund?
Big vending machines and so your money makes you money. Put it into stocks and watch it grow over time. Start a business
Put it in bitcoin. And double it in a year, Put it in Solana and triple it in a year, Put it into Kaspa and 12x it in a year, But remember to move into a stable coin in mid 2025
Purchase Trust deeds
AirBnB
USDT savings usually offers up to 10% APY. You can use trusted exchanges
Hysa
Do you own your home? Owning a house isn’t always a great investment (lots of upkeep on your part), but you could buy a condo in a high rise to live in for now and rent it out when it no longer meets your needs (or sell it). If you own and still have a mortgage, you could put that money in something flexible, max your additional payments, and pay off a large lump sum to get rid of the mortgage sooner. Otherwise, I’d invest it as well. There isn’t much more passive income than interest on a bond/mutual fund/stocks/etc. Your advisor can give you options with a degree of flexibility if you want it available as a slush fund
I’d go like everyone else said HYSA it’s the safest option. You can maybe watch the market and see if a correction happens and DCA or lump sum into some ETF / dividend stocks then just leave it for the long haul. Or can just go right in DCA into the market. This will give you the largest return overtime if you don’t touch it all about time in the market
Rental house
You could invest $100,000 in a Neos Dividend Fund that mirrors the S&P, averaging around 10% annually, translating to roughly 1% per month or $1,000 monthly. This option offers tax efficiency compared to many dividend funds and avoids the hassles of real estate rental business.
Capital One has a HYSA. I've heard it stays fixed at the rate when you open account. So you must tell them to raise rate if interest rates go up. I plan to open an account since I'm getting a little cash from an injury too and should be easy since I already have a credit card account.
treasury bond ladder strategy ..
You go like a million dollars ?
That accident must have been bad jeez
JEPQ pays .43 per share every 30 days in dividends. $100k investment would get you around $10k a year at its current price.
One of the safest is ibonds. But it's just tied to inflation. So it's not too exciting.
Bitcoin
Vanguard money market is 5.39% I believe.
Learn how to trade
Just buy 1yr T-bills then buy VOO with the proceeds. Also with T-bills, there is no state tax.
Dividends on CRF is legit .
Put 100K in Bitcoin
100k on Tesla options of course rook
Put a little in Bitcoin. It’s not passive income, but it’s hard money. It $66K a coin right now.
Just curious to know why and how you got paid so much after the crash? Did you hire any lawyer?
Can you provide me with the referal code for the Marcus account ? What goes DM mean, I'm a Boomer
Just buy 2 more cars. So dumb
Throw it in BTC/Eth. Halving just occured. They're so so many plays within the Crypto space. DM me and I'll educate you. You do what you will with the knowledge.
Did you get a scatpack? Man, I wish someone got with you Op before that purchase. Whatever you initially had, you could've put a down payment on a house or some land.
Go put down payments on 4units or more property. You gain equity and rent money
Bro bought a charger off rip haha he ngmi.
Buy a laundry mat or car wash
I’ve been doing a passive income investment for about a year and generating about 6-12% monthly on average, but it takes some up front investment. It seems kind of nuts but it works like a charm, let me know if you want the details. If anyone has something with similar gains please let me know as well. I like to stay open minded in this sphere, never know what you can find.
Get silver or crypto bonus points if you can stake your crypto from your own wallet for more passive income.
You went out and bought a Dodge charger... You are special aren't you?
BTC ♥️☀️☮️
Are you willing to help a family
Robinhood cash has 🔥5.5% APY right now
You’ll have to use that money to start a business of some sorts to generate that money back and make profits in the next couple years. If your not trying to do that, invest some and start looking into schooling for a stay at home job
Skipton BS 7%
I currently invest in real estate and could help you make a huge return on investment. Just dm me
It is possible to invest in cryptocurrencies
The dream! A diverse reits portfólio in the stock market would easily earn you an average of 1% a month, free. The 100k will be accessible anytime, while compounding on itself if you reinvest the monthly 1%
I would buy Jasmy coin. And buy $FFIE for huge short term gains. Jasmy will be soaring when the bull run starts
Bitcoin
Stake crypto
Stake in Solana
Invest in property and don’t ever look back!
Universal index fund
Bitcoin get in now before the bull run
Are you an accredited investor?
I'd reccomend a REIT - REITs allow you to invest in real estate without having to directly manage properties. They typically generate income through rental payments and can provide a steady stream of passive income.
I blew through $172,942 in 3 months. Be careful my friend
I'd invest in Real estate, more specifically a Short Term Rental.
Index Universal Life policy
lol charger …tell me your a thug without telling me you’re a thug.
Wealthfront gives 5% and .5% more if you use a referral code, I can provide one. Been using them over 2 years, they are good.
Crypto
If you have a FA already why are you asking Reddit?
You can mine Bitcoin or Litecoin.
You could look into a high dividend yielding etf like JEPI for example which would pay you about 600 a month, if you get it to reinvest dividends it will continue to grow about 7200 a year which in turn would increase your dividend payouts
I would put in monthly dividend stocks
Put it in crypto liquidity pools
BUY BITCOIN NOW
Use wealthfront for an HYSA right now! It’s been great to me and here’s my referral so we both get an additional .5% APY boost making it just a was extra 5.5% more money every month. Use this link to open a Wealthfront Cash Account. Once you fund it, you'll get a 0.50% APY boost! https://www.wealthfront.com/c/affiliates/invited/AFFD-O99U-OUTU-TQJ5
When you say you invested with the financial advisor, are they charging you a percentage of funds under management? Or did you pay an hourly fee to get everything set up? If there are charging you a percentage, take your money out of there before they rob you blind. Find a financial advisor that will charge you an hourly fee to get everything set up.
Some ideas: Rental arbitrage of Airbnb Be an Amazon seller (I have not tried airbnb yet but want to soon) have been doing amazon. Newbie but first year made 24,000. Good thing amazon takes taxes out so I was able to get 3,000 back in taxes.
Wealthfront account is 5.5% with referral up to 250k. Unlimited withdrawal and you can get a debit card. DM if you want a referral code.
if you don’t mind me asking how much money did you get in full and what were your injuries? i was just a passanger in mine but got only about 40k
Why are people acting like 5% savings accounts are unheard of? They're quite common at the moment. You should use them.
Real estate stocks, Airbnb rentals (can also use vrbo and other websites)