PebHmong Discussion Forum

Life & Living => Money & Investment => Topic started by: bruc3lee on August 25, 2016, 07:11:31 PM

Title: Inherit money
Post by: bruc3lee on August 25, 2016, 07:11:31 PM
You are in your early 30s. You have a full time job that pays 80K a year.
Renting a 2BR apt for 1400 a month.

You just recently inherited $70K.

What's the best investment you can do with it?
Title: Re: Inherit money
Post by: Hung_Low on August 28, 2016, 09:40:56 PM
You are in your early 30s. You have a full time job that pays 80K a year.
Renting a 2BR apt for 1400 a month.

You just recently inherited $70K.

What's the best investment you can do with it?

Put it in an IRA... and keep adding more funds in the future. Watch that nest egg grow...
Title: Re: Inherit money
Post by: nightrider on September 09, 2016, 08:54:33 PM
Buy property & make $$$.
Title: Re: Inherit money
Post by: zena on October 05, 2016, 11:51:55 AM
I'd put a down on a house and invest the rest.

But if it was me right now in the house that I'm living in and renting out my condo, I'd probably use the funds for a down on another rental property.
Title: Re: Inherit money
Post by: floaty on October 26, 2016, 05:13:43 PM
Like everyone mentioned, i would take some of it to put down for my rental properties and invest the rest in an ira account. Leave it there, don't touch it. Now if I wanted to be a bit playful, I would take a few thousands and play it safe in the market.
Title: Re: Inherit money
Post by: YAX on October 28, 2016, 08:30:21 PM
$70k is not much.  Just put it down on a new home to lower your monthly payments.  It'll save you from that $1400/month rent.
Title: Re: Inherit money
Post by: Hung_Low on January 06, 2017, 09:35:52 PM
$70k is not much.  Just put it down on a new home to lower your monthly payments.  It'll save you from that $1400/month rent.

True... I forgot that he's spending $1400/mth on rental.
Title: Re: Inherit money
Post by: nooneever on January 16, 2017, 11:00:13 AM
$70k is not much.  Just put it down on a new home to lower your monthly payments.  It'll save you from that $1400/month rent.

^^One of the best decisions I have ever made.