Ask HN: What would you do with $100K cash? • Hacker News Board

Re: Ask HN: What would you do with $100K cash?

#11

Post by crazypyro » Thu, May 03, 2018, 4:00 PM UTC

If you have 100k in cash, I feel like your 401k should be much higher. I would look at using the cash to supplement income so you can maximize your tax advantaged 401k savings.

Otherwise, personally, I would put 60% in low cost index funds like Vanguard, 20% in bonds and 20% in crypto, but that's because I have a high risk tolerance.

Re: Ask HN: What would you do with $100K cash?

#12

Post by [deleted] » Thu, May 03, 2018, 4:26 PM UTC

barry0079 wrote: post #3

Does backpacking around the world interest you? Experience is a worthwhile investment.

[deleted]

Re: Ask HN: What would you do with $100K cash?

#13

Post by AnimalMuppet » Thu, May 03, 2018, 4:27 PM UTC

If you have any debt (even a mortgage), I'd use it to pay it down.

Re: Ask HN: What would you do with $100K cash?

#14

Post by vinceguidry » Thu, May 03, 2018, 4:27 PM UTC

Put it down on a nice condo.

Re: Ask HN: What would you do with $100K cash?

#15

Post by [deleted] » Thu, May 03, 2018, 4:54 PM UTC

AnimalMuppet wrote: post #13

If you have any debt (even a mortgage), I'd use it to pay it down.

[deleted]

Re: Ask HN: What would you do with $100K cash?

#16

Post by alpine_glass » Thu, May 03, 2018, 4:56 PM UTC

barry0079 wrote: post #3

Does backpacking around the world interest you? Experience is a worthwhile investment.

Yes, and I'm planning to take off for ~6 months next year to do just that. I should be able to set aside enough this year to fund that trip.

Re: Ask HN: What would you do with $100K cash?

#17

Post by alpine_glass » Thu, May 03, 2018, 4:56 PM UTC

AnimalMuppet wrote: post #13

If you have any debt (even a mortgage), I'd use it to pay it down.

My student loans will be paid off within the next couple months. I have no other debt.

Re: Ask HN: What would you do with $100K cash?

#18

Post by psyc » Thu, May 03, 2018, 5:43 PM UTC

I once had $100K in cash. I spent it trying to get a business off the ground. If I had it to do over again, I would most likely buy a house. If I didn't want to do that, I would stick it in Vanguard, and then promptly raise my 401k contributions.

Re: Ask HN: What would you do with $100K cash?

#19

Post by cimmanom » Thu, May 03, 2018, 5:51 PM UTC

staticautomatic wrote: post #4

Put it in an IRA comprised of Vanguard index funds. Play with other investments in the future when you have more money.

FWIW, IRA contribution limits are $5500/yr. You can't put $100k in an IRA all at once.

Re: Ask HN: What would you do with $100K cash?

#20

Post by cimmanom » Thu, May 03, 2018, 5:52 PM UTC

baccredited wrote: post #5

"I have $X, what should I do with it?" https://www.reddit.com/r/personalfinance/wiki/commontopics

This is wonderful advice about prioritization but is very vague about investment vehicles.