Best Way to Invest Some Extra Cash

[evilcart]

Originally Posted by bmw335xi

Since you are 35, I would highly recommend buying an S&P 500 ETF such as IVV or SPY and hold it as long as it stays above long term support which is the 200 day moving average. You might trade once a year and that's it but it will allow you to keep most of your profits and prevent any real loss during the next crash. It's a great way to build wealth, you don't have to watch it daily, you don't have to trade often.... Very simple. Put on your chart the 200 day moving average and if it crosses below it then sell.

no offense mate, but if he is online asking what to do with 10k , the best bet at 35 years old is to buy VTI type product and then set his alarm for 25-35 years...

meddling with averages and support is how he may lose the money, long term doing nothing works better than timing.

[samnyc]

First you are 35 years old, if I were you. I would buy one stock which is Apple and don't look at this until 2025.
Second choice would be Google.


Good luck.

[TuborgP]

Originally Posted by mathjak107

just curious what the plan is for expensive medical needs if the invested portfolio's are down 40 or 50% and you need money at that point ?

that is what convinced us not to try to self insure. i couldn't see keeping so much powder dry in safe investments so it would be there regardless of market conditions.

we were going to do that until it was pointed out that for 1% of the gains on our portfolio we could just get a policy and invest that money the same as any other money.

if you remember when we did that money magazine article the one place me and their planners differed was on the self insuring aspect. they were right and i was wrong on that one when i really thought about what self insuring really means if you actually are going to do it in an action and not just words..

Bro, I can lose 50 percent and still be good. Our fixed flow will be 20-30kor more a year over budget. If we are ill our non medical expenses go down big time. Also cash can be king.

[mathjak107]