Where to keep 100K?

[Lisa]

Do you have to keep all of the money liquid? If not, you could put some of it into longer term investments like stocks, bonds or mutual funds. I like muni bond funds because there is little risk to your principal and you can have the dividends reinvested or sent to you for a little tax-free spending money. If you've never worked with a financial adviser, they're eager to have your business and most are very knowledgeable about how to meet your needs.

If you want to keep all of your money liquid, maybe you could shop around at different banks to see if any good rates are being offered for checking or money market accounts. Well, if not good rates, at least better than the fraction of a percent a regular checking account might offer.

[T. Ferguson]

With what banks are offering these days you're almost for sure better off paying down your mortgage, if you have one. Of course, this doesn't meet your liquidity needs.

[Darmapow]

Booze, Girls and the Casino anything left over you can waste.

[gmh1013]

If I had any idea the housing market in Phoenix wad going to turn around so quickly I would/should have been buying up bank repo's left and right.
Sadly I only bought one repo and made a nice return in 3 years.
Housing in TX or Houston anyway just takes to long to see and return because property taxes are sssooooo high here.....and school tax.... its just insane....its keeps the prices down.

[DiamondJack]

Really depends on timescale, attitude to risk and ensuring diversification....

I would only hold cash for very short term needs (less than a year), then high quality (AA or above) short term (less than 4 years) global bonds hedged back into your prefered currency for 2-5 years. Above 5 years, and dependent upon your risk profile I would consider investing in a globally diversified equity portfolio of whole of market tracker funds or ETFs with tilting towards small and value sectors for longer term market out-performance.

But that's just me.......And don't be tempted to try and time the markets..... Or listen to the press ...... And their short term views luring you into making "greed" or "fear" based purchases or sales.....

[SUBversive]

I will offer to hold it for you....

[Sarajevo]

To paraphrase a great Northern Irishman, the footballer George Best: "I spent half my money on women and booze. I wasted the rest."

Enjoy.

[shnxx]

Thank you for the serious responses (and some humorous ones).
I knew I was bound to get some sound advice and not all jokes.
Currently we have a high cash burn rate so I think locking it up is not an option although I could do that with some of the funds just to get my feet wet.
It's been kinda crazy as I've recently been going through some significant steps/changes in life.
I guess I will look for professional financial adviser.
Does anyone have recommendations for one in Southern California?

[WhatTheDeuce]

Originally Posted by seand442

Frozen orange juice perhaps?

Don't you mean frozen concentrated orange juice?

[joe100]

The W4500 treated me well last year and is doing what I need this year. But my situation isn't your situation.

[Stonedcl]

My dad just went to Florida Lehigh acres to buy duplex..
Buys a duplex for 100k and taxes are $1200 and they get $650-750 rent on each side..
$1400 a month ' 1st month pays taxes and then 2nd month pays for the company that takes rent and watches over the place and even if you have to pay next 2 months bills and a slush fund for if something goes wrong then you still have 8 months of rent which is $11k.
9 years and you have your money back and you still have property you can sell for 100k..
Rental properties is whee your money should go..

[withthesword]

have you considered precious metals?

the price of gold tanked, and the price of silver went down a few bucks too. now might be a good time to buy a bunch of ingots to stow away.

[FNFZ4]

Rolex! The best return ever!

[seand442]

Originally Posted by WhatTheDeuce

Don't you mean frozen concentrated orange juice?

You are correct Randolph.

[paverman]

Originally Posted by Monte Cristo

...in a Patek 5270 or something?

Hey this is a watch forum, what did you expect

Let me know where I can get one for $100k. That would indeed be a good investment of that capital.

[shnxx]

Lol yeah. Actually I would pick up a 5270 if it were 100k too

[Gaijin]

Buy a few discontinued LVs. Better if you can find a few still stickered up. Otherwise a Vangaurd low fee mutual fund and hold long term.

[shnxx]

Thanks. I will consider that for investment purposes but I do need liquidity for some of my funds.

[Victory07]

Originally Posted by shnxx

I'm still new to investing so everything is still theoretical (diversifying my portfolio, buying mutual funds, bonds and ETFs and etc seem like good ideas but how does one actually do these things??).

Anyway who would you recommend for managing your 100k+?
I would still like to keep it relatively liquid.

You don't need professional management for 100k.

Open up an online brokerage account from one of the big names. I recommened TD Ameritrade or Interactive Brokers.

Invest your 100k in ACG. Alliance Bernstein Income fund. Pays nearly a 6% dividend annually with monthly distributions. 100% liquid...you need the money, you can sell your shares anytime.

Good luck. This is where I keep a portion of my liquid funds. Need any assistance just pm me.

[77T]

Originally Posted by Victory07

You don't need professional management for 100k.

Open up an online brokerage account from one of the big names. I recommened TD Ameritrade or Interactive Brokers.

Invest your 100k in ACG. Alliance Bernstein Income fund. Pays nearly a 6% dividend annually with monthly distributions. 100% liquid...you need the money, you can sell your shares anytime.

Good luck. This is where I keep a portion of my liquid funds. Need any assistance just pm me.

Maybe this is a perfect example of why you don't sink all your money in one vehicle.

ACG price rise/drops of up to 12-25% over past 5 years foretells the possibility that you could net a negative yield if you must liquidate during a price downturn.

past 2 Qtr performance = (-4.75%)
1yr. performance = +0.98%
5yr. performance = (-1.56%)

[Rodentman]

If you could get into an NA tribe you could lend out the 100k at 342.86% interest like Western Sky.

[chicfarmer1]

Originally Posted by 77T

Maybe this is a perfect example of why you don't sink all your money in one vehicle.

And a perfect example of why you don't act on random investment tips from the Internet.

[webprint]

I would stray away from Ameriprise! They are great with "advice" in SoCal and then stop calling once you have given them your business.

[newrolexman]

$12K a year on $100K investment in bonds.

[daunwaun]

buy high sell low....

[Dr. Robert]

Keep it w/ me, I'll take care of it.
All kidding aside....I gave all my bread to my stockbroker & she takes good care of it....I get nice dividend checks every month & my loot's growing.

[Speed Metal Army]

Originally Posted by Darmapow

Booze, Girls and the Casino anything left over you can waste.

Yep.None of us are getting out here alive,Live it up!

[mpmesq]

Gold has taken quite a hit. Might want to add some to your portfolio