Thread: What shall I do with 40k?

So Ive been working my butt off since August of last year and with a few small investments with my uncle i have conjured up about 40 US Dollars to date.

My long term aim is to save around 100K and to start up a fried chicken joint before my next birthday ( 11 months.)

The issue is im getting less hours at work now and the investment opportunity with my uncle was a one off therefore my target of 100K before my next bday are looking slimmer by the day.

Im looking to do something with 40k ive saved up but im scratching my head atm. I dont want to touch crypto as personally, any get-rich-quick investments are likely to fail purely because of the mindset you have when entering them. Ive been looking around but I thought whilst I do, id make a thread on it and see what bruhs on here would do/have done with this sort of money.

Originally Posted by AKMuzzle

So Ive been working my butt off since August of last year and with a few small investments with my uncle i have conjured up about 40 US Dollars to date.

My long term aim is to save around 100K and to start up a fried chicken joint before my next birthday ( 11 months.)

The issue is im getting less hours at work now and the investment opportunity with my uncle was a one off therefore my target of 100K before my next bday are looking slimmer by the day.

Im looking to do something with 40k ive saved up but im scratching my head atm. I dont want to touch crypto as personally, any get-rich-quick investments are likely to fail purely because of the mindset you have when entering them. Ive been looking around but I thought whilst I do, id make a thread on it and see what bruhs on here would do/have done with this sort of money.

Originally Posted by sapdori

Invest 40k into crypto now and see your money jump to 120k within 2 weeks.

Did you even read his post before trying to shill crypto? Negged.

Originally Posted by Getter_done

Dude hes clearly joking lmao

Maybe my sarcasm detector is broken tonight

Invest 40k into crypto now and see your money jump to 120k within 2 weeks.

invest in crying pluto

Invest 40k into crypto threads, see the amount of crypto threads triple in the next two weeks

If you're looking to invest in something stable then consider index funds, mutual funds, t-bonds, and things like that. Crypto is a gamble if you don't know what you are doing, and the market is crashing right now. You can also invest in rental properties or a small business.

More volatile financial markets like currency or individual stocks require skills and knowledge to use efficiently. They can be really risky. You can invest in monthly dividend paying ETFs as well that will give you monthly income, this is less risky than picking stocks. High performing ETFs can outperform the market, but they are not as stable as index funds. Treasury bonds, mutual funds, and savings accounts with good interest are the most stable options.

If you want to take a risk, then you can enter real estate or start a business. The stable options might be boring, but they compound and add up to large amounts over time if you are patient. The risky options require a lot of work and knowledge to be profitable, and there is always a risk of loss. You can also invest in your community through a charity project, that will take a load off your mind and give you a deep sense of satisfaction.

Invest all of it in doge coin also 40k is poverty. might as well bum money in the overpass

Originally Posted by GordonXXX

IMO -

$10K - Cash - Emergency Fund
$10K - VWLUX
$20K - VFIAX

Can you elaborate on why i should put money in the above (BOLD.)

Only Fans

Originally Posted by GordonXXX

VFIAX - You're buying the S&P 500. Own a piece of the top 500 leading companies in the US.
VWLUX - You're buying Tax-Free Municipal Bonds. Own municipal debt and get paid a fat tax-free yield.

Buy direct from Vanguard dot com. No Advisor needed.

Yeah index funds and mutual funds are very stable investments. You can also re-invest your gains and get compounded gains.

Crypto

Draftkings stock.

Originally Posted by BeanGainClovis

Yeah index funds and mutual funds are very stable investments. You can also re-invest your gains and get compounded gains.

Originally Posted by GordonXXX

VFIAX - You're buying the S&P 500. Own a piece of the top 500 leading companies in the US.
VWLUX - You're buying Tax-Free Municipal Bonds. Own municipal debt and get paid a fat tax-free yield.

Buy direct from Vanguard dot com. No Advisor needed.

Thanks man reallygood direction and one that I was looking for.

Obviously like any stock/share, there is a good entry needed to make good gains. Would you say that it is a good time to enter right now? Although we are coming out of lockdowns, word is that the economy is too badly beat up so a recession is impending. In short, when the best time to go in.