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If there are any CPAs or investment gurus, I have inherited some money, 200K (cash). And I'm not sure what to do with it so that it will continue to grow without Institutions taking what I have in fees or churning it. The market is horrible and I'm not sure the fake manipulation will continue.

I am self reliant, have a garden, and don't need anything. I have years worth of food and meats. I have fuel, clothing and vehicles. Equipment, tools and I already have cash stashed for emergencies. I have IRAs and 401Ks that have done nothing but lose since Biden took over. Whatever gains I made during the Trump years have all but disappeared. I have purchased gold and silver and don't want any more. I have prepped for the last 6 years and am ready. To have this fall in my lap was unexpected and I want to make it count. I already have a second place to bug out with 75 acres in another state. And yes, I have all the irons I need.

Do I place it in a Roth or put it in the garage for emergencies? I hate to just sit on it.
I have had bad experiences with managed accounts with Merrill Lynch, Morgan Stanley and Cloud Financial. Everybody wants a piece of it.

Any brainstorming is appreciated.

If there are any CPAs or investment gurus, I have inherited some money, 200K (cash). And I'm not sure what to do with it so that it will continue to grow without Institutions taking what I have in fees or churning it. The market is horrible and I'm not sure the fake manipulation will continue. I am self reliant, have a garden, and don't need anything. I have years worth of food and meats. I have fuel, clothing and vehicles. Equipment, tools and I already have cash stashed for emergencies. I have IRAs and 401Ks that have done nothing but lose since Biden took over. Whatever gains I made during the Trump years have all but disappeared. I have purchased gold and silver and don't want any more. I have prepped for the last 6 years and am ready. To have this fall in my lap was unexpected and I want to make it count. I already have a second place to bug out with 75 acres in another state. And yes, I have all the irons I need. Do I place it in a Roth or put it in the garage for emergencies? I hate to just sit on it. I have had bad experiences with managed accounts with Merrill Lynch, Morgan Stanley and Cloud Financial. Everybody wants a piece of it. Any brainstorming is appreciated.

(post is archived)

[–] • 1 pt

If you just want some minor income, state bond funds tend to pay pennies per share but it's tax free if you own ones from your own state. Bond funds don't tend to grow and they wax and wane with interest rates, but they're steady income.

For example, one of the Ohio funds I own pays something like $0.0167 a share, but you could buy enough shares with $200,000 to make $400 tax free every month with limited risk.

[–] • 1 pt

Thank you, it sounds like a good option that I didn't think of. My trust in institutions has been shattered. How is it tax free?

[–] • 1 pt

Bonds issued to fund government/public works projects are generally considered tax free by federal and state revenue codes, and are reported but not included in taxable income. Just remember that these don't grow your money - they are pure income only.

This isn't 100% of the time, some states may tax these regardless of their federal status. I've found that if you're in a state that does not tax, the state bond funds issued and grouped into ETFs on the exchanges generally are tax free.

But this is just a pointer - always make sure you check before buying. You can purchase bond fund ETFs on pretty much any of the big trade houses. Fidelity may be the easiest to open if you want to engage in such.

[–] [deleted] • 1 pt

All those accounts you have are basically just "sitting on it" with inflation what it is. Look into rental properties.

[–] • 1 pt (edited )

If it was me right now I'd be purchasing Treasury Bills. They're paying over 4.6% interest for 6-month bills. If you buy them through a broker like Fidelity, Schwabb, etc. you can sell them early if you need the cash.

The way it works is you buy them at a discount to face value. So at 4.6% even you could buy about $204,600 worth of 6-month Treasury Bills for $200,000. At the end of 6 months they deposit $204,600 in your account. Rinse, lather, repeat. You can buy them as short as 4-weeks or as long as 1-year.

[–] • 1 pt

I-bonds are better to max out first.

[–] • 1 pt

Yes, but they have some drawbacks. I have $30k in I-bonds this year because I have some in my kids names.

  1. You cannot redeem them for the first year no matter what.
  2. When you redeem them before 5 years you pay a penalty equal to the last 3 months' interest
  3. You can only buy $10,000 a year ($15k if you use your tax refund to buy $5,000 worth).
[–] • 0 pt

Spare parts for vehicles. And the rest like others have mentioned for a steady monthly return.

[–] • 0 pt

Real estate can be good if you want to get tenants and collect rent and all that. When it works out well, you just sit by and collect the money, but unfortunately, things aren't always easy. You might struggle to find a tenant at times. Then there are times when you have to deal with bad tenants, and there are tenants that live like animals and destroy your shit. If one day the place gets too niggerized, you can go with section ape or sell the property to someone else.

Since you're on Poal, I'm sure you know about niggers and all that. Even if the negro individual seems okay, he's got a brother, a cousin, or a friend that's a feral nigger. There's also the nigger monkey effect that happens when niggers are in a group together. They all start acting like a bunch of monkeys.

If you go this route, you might have to do some house repairs/upgrades. Of course there's easy stuff like painting, but you might also need to put some floor in and other things such as that.

[–] • 0 pt

Bitcoin is low and unlikely to go away.

Strike is a good app to go from nothing to something with.

Just... get out of fiat. Land and silver are good, but you said you had them covered. If the future has a digital valence, it might be worth a hedge.

[+] [deleted] • 0 pt
[–] • 0 pt

I believe with a roth you can only invest up to $6k/yr.

ppl have mentioned rentals, but you have enough cash that I suggest you look into Triple Net Commercial Deals. It's like being a landlord but to a business. Being triple net the vast majority of the maintenance isn't on you. intro: https://www.investopedia.com/terms/t/triple-net-lease-nnn.asp

Also, I know market sucks ass, but look into dividend aristocrat stocks. If you do this I wouldn't invest all at once. you should dollar cost average. maybe $5-10k/month. this way if things dip you have enough cash reserve to buy cheaper and if they don't tank and assets increase from here somehow, well you've gotten a chunk at a severe discount. here's an article to familiarize yourself: https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/dividend-aristocrats/

just a couple ideas. I'm sure you understand risk/reward and judging by your lifestyle you're pretty frugal with your money, which is good, so you aren't only looking for the riskiest investment.

maybe talking to a CFP, Chartered Financial Planner would be in your interest. sometimes the best investment is one that lowers your tax liability, not just making a return. Look for a family run shop, not a big name.

[–] • 0 pt (edited )

Put it in a high yield savings account. I get 3.75% with Robinhood. Just FYI, historically the best time to invest in the market is when it looks like complete shit and nobody wants to (or can) invest. You have to take a contrarian position and buy in when you believe the herd is being overly pessimistic.

A simple measure is looking at the relative-strength indicator and buying in when some company or index you believe in is in the "oversold" area <=30. The market likes to overshoot on bad earnings report. If you feel the company has future relevance then it might be a good buy.

I don't think inflation is going away so the likelihood of further fed rate hikes seems probable and that will depress the stock market. If the government keeps attacking the energy sector and printing money then I don't see how they will be able to reduce inflation.