>I just inherited $315k from my late grandma
I’m a 29 year old neet. What steps do I take now?
I know nothing about investing.

Should I travel? Vidya? After living on $8k a year, for the past 7 years.. it feels like a new world has opened

>>33371086 (OP)
I won't read requests to plan and to think what direction to go in life threads. I don't mean guidance and hints, i mean subhuman morons who literally want you to do it for them.

Find a reputable account
Don’t tell your neet friends you inherited

>>33371086 (OP)
Hmmm, probably invest it so you can continue living off it. Normally I'd say buy a house, but if you're currently living off 8k a year, I assume you live at home so avoiding rent isn't important

>>33371086 (OP)
Don’t be stupid, put that money into a high rate savings account and enjoy the interest. The more money you have, the more interest you make per month. If you’re okay with the stock market I would recommend buying index funds, it’s a great way to plan for the future.

>>33371086 (OP)
First of all, don't burn through it. That's what a lot of people do. They just burn it on stupid shit and end up worse than before.
Fix any important health issues, like being a fat fuck or lacking teeth etc.
Put some in the bank to get some interest and keep it for bad days.
Actually start learning about investing. No one can tell you exactly in what fund or precisely what stock to buy.

>>33371086 (OP)
Stick that in a stupid-simple 3.5% high yield savings account and it's $11k/yr in free interest

Why not get a job?

>>33371211
Why would he need to? A frugal neet can probably live off that

>>33371086 (OP)
If you're a 29 year old neet, then do you plan on staying that way?
I would suggest you don't blow all the money away on dumb shit, this is your golden egg. Are you mentally ill? Get it diagnosed and medicated. Are you obese? Start an exercise routine. Do you have any debt? Pay it off. Speak to a financial advisor, don't waste it all on hookers and blow, consider using some of that money to get certified in a trade or some skill that you can fall back on
Save the rest or invest it

>>33371222
To put the money into perspective, also OP just inherited a quarter of a million and some change. That's not a few hundred bucks you can spend on a pizza, a beer, and some cigs and be broke until payday. Having a job is something to depend on if he spends it all on dumb shit. If he doesn't spend it all, it'll put into perspective how hard money is to earn but how easy it is to spend

Immediately put all of it into a money market high percent savings account. You can find these at credit unions, not usually regular banks. This will be a steady amount of yearly income, but not enough to live on. If you want to invest do it in the SNP500, like Vanguards VFIAX. It’s about the safest thing you can invest in, but it’s turbulent right now with Trump and tariffs so timing the buy is going to be tough

>>33371196
To add to this, the point is that you inherited enough to compensate your entire meager living standard and profit, while doing literally nothing more than letting money it in a bank, with virtually zero risk. In the event of a recession where the interest goes to 0%, you can buy the dip with a big chunk of your cash (just buy an SP500 index or NVDA), hold for a few years, and make $100k easy in just a couple years holding, rinsing and repeating.

>>33371265
Not OP. Where would you find a bank that does high yield savings accounts? I'm financially illiterate so don't know about that

>>33371274
Most of the common ones you can find online are good/legit, if it's FDIC insured it should be as simple as registering an account and transferring money to it. SoFi and Marcus are particularly popular as reliable "online" banks with no significant strings attached. If you already have a checking/savings account where you inheritance is stored, you just need the account and bank numbers to make the transfer.

>>33371086 (OP)
Buy a fucking house, while you still can. Once you have your own space and a comfy place to live, there's no limit to what you can do and how much money you can make. Just make sure it's fully insured for everything, any kind of flood or fire, earthquake, gas leak, terrorism, infestation, etc.
>tfw you can still buy a house for under $250k in many parts of the USA
>seen many such cases where the house was destroying and not covered because the cause was not specifically listed in their policy

>>33371317
>buy a house for under $250k in many parts of the USA
Decided to Google this and, as expected, the automated AI response generated a list

>>33371317
/thread

>>33371086 (OP)
if I was you it would be a toss up between buying a house and putting at least 50% into low risk stocks and bonds. you don't have to know anything about stocks/bonds you can just pay some gimp (financial advisor) to put your money into STOCKS. a lot of banks let you talk to an advisor for free so you can tell them how much money you have and they can give you an idea of what they can do with it and how much passive money you stand to make.

>>33371436
and just so i'm not misunderstood, the financial advisor will talk to you for free once, he wont be your money slave for life lol

>>33371086 (OP)
If your serious and not trolling. Or larping. I would seek out a good financial consultant . One with over 8 years exp. As they will weigh your options and perhaps give you advice no one taught of.. Its gonna cost you money but it takes money to make and keep money.. sadly..

Hope this helps ya some and sorry for your loss ..

>>33371086 (OP)
Put it into EPD, which pays roughly 7% dividends, and has been doing this without interruption for decades. For a $315k investment that works out to $22k/yr. The dividend has been keeping just ahead of inflation since its inception in the mid 90's. The founder's family still owns a huge chunk of the stock so they have a strong interest in maintaining the dividend payments.

>>33371086 (OP)
Put about 1 year's expenses in a money market account as an emergency fund, so no matter how bad you fuck your shit up, you have a year's worth of money to unfuck your situation

Invest the rest of it into the market, eg 50% american index funds, 10% international index funds, 20% domestic stocks you use and believe in the product for, 10% into eg commodity and gold etfs, and 10% into LETS GO GAMBLING nonsense like crypto and buying options.

With the above split, you're probably netting a clean diversified 7-12% per year against 300k, and if you lose the gambling segment, you've still got a healthy and growing nest egg and a safety net to catch you no matter what the fuck you do next.

>>33371086 (OP)
Move to somewhere in SEA. You are basically set for a life of lazing and fucking.

>>33371086 (OP)
100k on bitcoin, 50k on the S&P500. 50k to try and start a small business. The rest goes into an inflation beating savings account.

>>33371317
>Once you have your own space and a comfy place to live, there's no limit to what you can do
this is retarded, he'll spend all his money on a home and be house poor

>>33371086 (OP)
Gold is a great inflation hedge, I would take 10% of that and convert it so you don't have to worry about other people's bad decisions eating up your money. Also, if you live somewhere like Canada or Australia that has a nationalized mint, buy gold coins from there, not bars. If you want to move your gold out of the country, a coin minted by an entity like, say, the Royal Canadian Mint counts as currency. If you wanted to move an ounce of gold to say, Europe, would you rather pay a 25% departure tax on $5k worth of gold, or the face value of the gold coin (usually $50)?

(Continued... Maybe)

>>33374807
(Continued from the gold stuff)

Also, I'd advise you to invest in P2P debt. If I were you, I'd start by loaning out whatever money you have and getting interest. Just like credit card companies, compounding interest can work in your favour. While index funds have 1-4% growth on average, lending can net you a 12-18% return if you have a decent lending platform. Having debt (as a creditor) in your portfolio counts as regular earned income, so you won't have to pay a capital gains tax on your earnings, and it primarily exists to supplement the regular income you'd get from working, except you'd get it in periodic principal + interest payments.

While you're at it, you could purchase some NFT's to reduce your nominal tax rate to 0% if you aren't carrying forward capital losses. NFT's exist to exploit the same loophole that billionaires do concerning intangible assets and taxes. If Bill Gates donates a Picasso for $1 mil to one of his charities, he gets a tax receipt for that same amount. Similarly, When I buy a $30 NFT, "appreciate" it by $30, and donate it to the Salvation Army, I get a tax receipt for $60. That is literally the only reason why NFT's exist at all. That is their primary, overarching purpose. And when you use them as they were designed to be used, you get to benefit wildly from it. They are not investments. They were never designed to be investments. They are tax sheltering vehicles, so now you can benefit from them as such.

>>33371086 (OP)
>grandma / grandpa work hard their lives to financially provide for their heirs
>one of the heirs is a lazy retard likely milking an autism diagnosis to scrape by on disability
One day you're gonna need a lot more than $8k/year to live and I hope you take the easy way out with suicide

>>33374773
>he'll spend most of the money that he didn't have yesterday to buy a house that he didn't have yesterday, then he'll be poor!
ur retarded?

>>33371086 (OP)
>I just inherited $315k
Speak to a financial advisor. Don't listen to the retards on this thread and gamble your money away on crypto or buy a house on a whim. Unless you've got a really great sob story to account for why you've been sitting on your ass as a NEET for almost a decade, you're probably weak of mind and spirit. Those qualities don't mix well with large sums of money. It's very likely that you'll end up burning through it in a couple of years on stupid shit if you aren't vigilant.
>Should I travel? Vidya?
No, you should get a real job so that you have a steady income stream. Maybe use some of that money to try to repay whoever you've been mooching off? $315k is a lot, but don't count on it lasting forever. Life tends to fuck people over at the worst times - chronic illnesses, freak accidents, etc. Not wishing ill upon you, just speaking from experience.

300k would change my life, lucky fuck

Good for you.

>>33371317
> There's no limit to what you can do and how much money you can make
Brother, OP has been living off 8k/yr. We're dealing with a retard with no ambition whose first thoughts about how to spend his inheritance were on video games and traveling. This is not going to end well lmao.

>>33371317
He doesn't have enough money to make the feasible or even a good idea unless he got a job to pay the utilities. And he clearly knows nothing about shopping for a home and it's not something you should dive into blind..

>>33374937
>gamble your money away on crypto
Anon, I was like you. I thought it was over with crypto by all the fags that bought at the top in 2022/3 during the crash are winning right now. GameStop spent all their investments on crypto. They make fuck all from sales but their but they make crazy profits year on year all thanks to crypto. They're literally doing nothing and making money.

my grandma passed recently, I got $8k. Fuck I hate having such a huge family.

>>33375031
Seething wagie kek
Op gets to be a high rolling neet while u rot

>>33374937
I say listen to only this guy, yeah no offence if you’ve been neet for a decade you don’t really have the best judgement on this shit

>>33374885
>Muh hard work
Wagie ragie lole

>neet leech gets 300k for nothing
What a waste. I’m guessing you’re an only child and that’s why a working sibling didn’t get the money

If you had any heart you’d donate like 40k to a struggling brocel who actually works

>>33375513
nah give 3k to me a recovering junkie looking for an excuse to relaspe just to spite this guy
I'm posting a reddit tier meme of my waifu just to rub the salt in for when you actual do it this is unironically my first post on 4chan in years as well.

>>33371086 (OP)
Give some to me via cash app pls. I’ll show my pussy.

>>33371086 (OP)
I N V E S T

>>33371250
>so timing the buy is going to be tough
even after the 2008 crash, the stock market broke even in 5 years and has risen severalfold since then. (autistically) trying to time buys is a meme.

>>33375563
Don't listen to this, OP. Give me the money instead, I'll show you his pussy AND mine.

>>33371274
With $315k just go to Chase. They have good options over $100k.

Maybe pick two banks. Since FDIC insures up to $250k at each bank.