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My advice is to not take advice from this board. Get the pros involved- attorney, investment advisors, tax planners, etc. Good luck and good for you.
TMAC54
@
2011 Dec 9, 12:40am
United Country Real Estate.com
Buy an almond orchard someplace w a jacuzzi.
I would echo reply No.1. You need to seek professional financial advice. But if you wish to read further, here is my opinionated advice- thus not to be considered "advice" per say.
It doesn't matter whether you have $10 or $10 million dollars. The game is still the same. The very very basic principle behind investing is how to invest in areas that have historically performed a certain way and can more likely give you a consistent return. In general, a broad investment in the stock market has returned around 7-8% per year over the long term. That doesn't like that much but when you consider the effects of compounding, it takes a surprisingly small amount of initial investment to get you to a million dollars in 30-40 years. The key is time. Real estate has not proven to be the best investment as it only tends to return an average of 3-4% per year- also over the long term.
Anyway, it sounds like you're in a situation where you can have some flexibility. If I were in a situation where I could just generically stuff 100-150k into general stocks you better bet I'd do it in a split-second. But ultimately you really need to seek some professional advice.
* Disclaimer: Not considered financial advice
Iron Ranger
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2011 Dec 9, 1:24am
A conservative method I've started using is the Permanent Portfolio. There is a mutual fund (PRPFX) by that very same name but it is not quite the same allocation.
blackhammer: Interesting comment. Is the gold and silver in PRPFX physical or only ETF? I don't want paper commodities.
Another question I have is about investment firms. I like Fidelity, but they are private and it's hard to know what's up with them. E-Trade is a public company, but just about went under with bad mortgages.
SFace
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2011 Dec 9, 1:26am
Living in a 2 bedroom apt with wife and 3 kids. It's pretty cramped.
Let's fix that situation first as it seems more urgent. It's a good chance to mingle and network with your new Apple colleagues and pick their brains about where they live and why. And on the side, tell us when Apple TV will roll out.
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Well, I hit the jackpot. I had a stake in a startup that just sold. Amazing.
Now what?
I just moved to the Bay Area from the Midwest this year to take an awesome job at Apple. Sold my big home at a 33% loss and was happy to be free of that money pit. Living in a 2 bedroom apt with wife and 3 kids. It's pretty cramped. Kinda nice being debt free though.
Do I buy a home in the Bay Area now? Are there pockets of value? I think prices will slide, or crash with a global depression. If I buy, do I pay cash or get a loan and invest the money so I get the mortgage interest deduction?
Where to invest? CA tax free state bonds? That freaks me out.
It's surreal, but nice. I had some successes in my career, no big ones, lots of failed startups. A dot com startup that made investors some money, but not great.
#housing