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Extra dough


               
2014 Jun 6, 4:35am   12,395 views  33 comments

by CL   follow (1)  

I have a few hundred extra thousand dollars laying around. What should I do with it?

I have people at USAA who want me to put some into a Managed portfolio, but I feel like with my individual stocks and the 401k I'm fairly heavy into equities already, and who knows where the next correction lies?

Any idears? I could obviously at least choose their most conservative Managed account and probably beat inflation.

Thanks!

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1   HydroCabron   @   2014 Jun 6, 4:37am  

3+2 in Stockton.

2   CL   @   2014 Jun 6, 4:52am  

HuggyBumbers McLovkins says

+2 in Stockton.

Are you serial? And what do those run? And did they repeal Prop 13 or something? :)

3   dublin hillz   @   2014 Jun 6, 4:58am  

Definitely don't waste the scrill on attending some politician fundraiser dinner....

4   CL   @   2014 Jun 6, 5:03am  

dublin hillz says

Definitely don't waste the scrill on attending some politician fundraiser dinner....

I usually just contribute and miss the "free" dinner. :)

5   MisdemeanorRebel   @   2014 Jun 6, 5:20am  

CL says

Managed portfolio

Screw that. Just buy a Vanguard Index of some kind, but then, you said you didn't want equities. Managed is rubbish. I just found out some money manager put my 70-year old parents in Japanese Small Caps and Timber Trusts and other weird crap inappropriate to their age and investment goals.

if it's money you can afford to lose, try loaning the money out:
https://www.prosper.com/invest

...and let us know what happened.

6   clambo   @   2014 Jun 6, 5:41am  

Vanguard Dividend Growth fund
Dodge&Cox Stock Fund
Fidelity Contrafund
T.Rowe Price Capital Appreciation.

OR: Vanguard Index Total Stock Market.

7   clambo   @   2014 Jun 6, 5:43am  

Oh, I forgot:

For sleeping soundly at night: Vanguard Wellington Fund (balanced)

If you hate a 1099 Div. from the dough: Vanguard Tax managed balanced.

8   Heraclitusstudent   @   2014 Jun 6, 5:47am  

CL says

I have a few hundred extra thousand dollars laying around. What should I do with it?

Good news, you're a speculator now.

SPY, until the duck tells you to duck.

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