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Investing $50,000

Anything related to investing, including crypto

DURABLEOILCOM

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Oct 25, 2012
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What can I do with $50,000 to create monthly income? Where and how should I invest it? Is it better to go to Charles Schwab or Vanguard?



Right now I have the money with Fidelity in an Annuity Fund that has been completed, I do not like how Fidelity customer service has treated me how can I transfer the funds to another brokerage like Charles Schwab or Vanguard without losing most of it in taxes? What type of account would I need to open with Schwab or Vanguard to transfer the complete amount without losing it all to taxes. Ideally I would like to put $30,000 into a high yield savings and the rest into a low risk index dividend fund stocks. What would be the best course of action to take with the most minimal taxes and fees?
 
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ph0enix

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Apr 19, 2020
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I have had some minir success investing in the stock market picking great stocks was able to put in $1900 into the market and earn $4200+ but I do not feel comfortable investing $50,000 for fear of making a major mistake and losing it overnight.
The advice I was given: only invest if you have over $1m in revenue per year from a profitable business. If so, invest in index funds or create a "forever portfolio" of: 20% gold/crypto, 20% bonds, 20% stocks, 20% cash, 20% real estate (the exact percentages would be based on your risk tolerance).

The advantage of index funds is they are a low cost way to passively invest in a diversified range of equities (shares) or bonds, without being exposed to the risks of buying 1 individual stock.
 

P3HSB

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Sep 27, 2014
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The advice I was given: only invest if you have over $1m in revenue per year from a profitable business. If so, invest in index funds or create a "forever portfolio" of: 20% gold/crypto, 20% bonds, 20% stocks, 20% cash, 20% real estate (the exact percentages would be based on your risk tolerance).

The advantage of index funds is they are a low cost way to passively invest in a diversified range of equities (shares) or bonds, without being exposed to the risks of buying 1 individual stock.

Terrible advice imo. You don't need 1m in revenue or a profitable business to start investing. What you need to do is to start now. Time in the market is the most important, capital appreciation + dividends
 

Wil22

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Jun 8, 2020
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Terrible advice imo. You don't need 1m in revenue or a profitable business to start investing. What you need to do is to start now. Time in the market is the most important, capital appreciation + dividends
Does investing amounts across the 20-20-20-20-20 allotment without a biz generating $1M defy TFL philosophy? As a follower, do we need the profitable biz first?
 
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P3HSB

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Sep 27, 2014
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Does investing amounts across the 20-20-20-20-20 allotment without a biz generating $1M defy TFL philosophy? As a follower, do we need the profitable biz first?

life is not so black and white. You can invest and work on your business at the same time. Why not enjoy the best of both worlds?
 

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