Dry powder of 400k incoming. What can I do?

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newyorker
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Dry powder of 400k incoming. What can I do?

Post by newyorker »

[Thread updated June 28, 2022 here: Need 300k worth of cash in 1.5 years --admin LadyGeek]

1) Lump Sum into current market

2) Buy a rental property (downpayment 150k) and invest the remaining into the market

3) Buy a nice car (I am looking at a 997 RS or Ferrari 458 speciale or maybe 430 scuderia)

4) Put it into savings account

What do you guys recommend?

I am crazy into cars and wonder if collectible car prices will come down to a reasonable level or keep going up. (Many went up even more than stocks) Any thoughts? Market may come down once interest goes up?
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typical.investor
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Re: Dry powder of 400k incoming. What can I do?

Post by typical.investor »

NEI (not enough info).

I’d get the nice car if it made no difference to my retirement plan.

I’d go real estate if it’s prospects were better than the market and I could handle the responsibility.

As for me, I’d drop it into the market (meaning global as distinct from US only).
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

typical.investor wrote: Fri Jan 28, 2022 8:35 pm NEI (not enough info).

I’d get the nice car if it made no difference to my retirement plan.

I’d go real estate if it’s prospects were better than the market and I could handle the responsibility.

As for me, I’d drop it into the market (meaning global as distinct from US only).
Asset Allocation

950k Taxable Account
1.8M in RE (900k in Mortgage)
500k Cash

Income fluctuates 😭
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

typical.investor wrote: Fri Jan 28, 2022 8:35 pm NEI (not enough info).

I’d get the nice car if it made no difference to my retirement plan.

I’d go real estate if it’s prospects were better than the market and I could handle the responsibility.

As for me, I’d drop it into the market (meaning global as distinct from US only).
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
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typical.investor
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Re: Dry powder of 400k incoming. What can I do?

Post by typical.investor »

newyorker wrote: Fri Jan 28, 2022 8:37 pm
typical.investor wrote: Fri Jan 28, 2022 8:35 pm NEI (not enough info).

I’d get the nice car if it made no difference to my retirement plan.

I’d go real estate if it’s prospects were better than the market and I could handle the responsibility.

As for me, I’d drop it into the market (meaning global as distinct from US only).
Asset Allocation

950k Taxable Account
1.8M in RE (900k in Mortgage)
500k Cash

Income fluctuates 😭
+$400k incoming?
Is the current RE an investment or own home?
Why no retirement accounts?
Why so much cash?
Were you thinking of paying off current Mortgage?
What is the rate you are paying?

If income fluctuates, do you have a plan to try and minimize taxes in the good years?
retire2022
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Re: Dry powder of 400k incoming. What can I do?

Post by retire2022 »

newyorker wrote: Fri Jan 28, 2022 8:38 pm
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
Did you buy on this most recent dip?
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

typical.investor wrote: Fri Jan 28, 2022 8:47 pm
newyorker wrote: Fri Jan 28, 2022 8:37 pm
typical.investor wrote: Fri Jan 28, 2022 8:35 pm NEI (not enough info).

I’d get the nice car if it made no difference to my retirement plan.

I’d go real estate if it’s prospects were better than the market and I could handle the responsibility.

As for me, I’d drop it into the market (meaning global as distinct from US only).
Asset Allocation

950k Taxable Account
1.8M in RE (900k in Mortgage)
500k Cash

Income fluctuates 😭
+$400k incoming?
Is the current RE an investment or own home?
Why no retirement accounts?
Why so much cash?
Were you thinking of paying off current Mortgage?
What is the rate you are paying?

If income fluctuates, do you have a plan to try and minimize taxes in the good years?
No 500k including incoming
Current RE. Own home + commercial RE for my own business
So much cash cuz of incoming dry powder
No... cuz interest rate is low

Man... i guess buying another car is stupid financially. Now my choice is between house vs. straight into VOO
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

retire2022 wrote: Fri Jan 28, 2022 8:48 pm
newyorker wrote: Fri Jan 28, 2022 8:38 pm
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
Did you buy on this most recent dip?

Yes. Same DCA ive been doing. But who knows dip might not be over 🥲
retire2022
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Re: Dry powder of 400k incoming. What can I do?

Post by retire2022 »

newyorker wrote: Fri Jan 28, 2022 8:51 pm
retire2022 wrote: Fri Jan 28, 2022 8:48 pm
newyorker wrote: Fri Jan 28, 2022 8:38 pm
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
Did you buy on this most recent dip?

Yes. Same DCA ive been doing. But who knows dip might not be over 🥲
How many years until retirement?

3,250,000.00 at 10 years at 15% compounded= $13,148,062.64
Topic Author
newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

retire2022 wrote: Fri Jan 28, 2022 8:54 pm
newyorker wrote: Fri Jan 28, 2022 8:51 pm
retire2022 wrote: Fri Jan 28, 2022 8:48 pm
newyorker wrote: Fri Jan 28, 2022 8:38 pm
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
Did you buy on this most recent dip?

Yes. Same DCA ive been doing. But who knows dip might not be over 🥲
How many years until retirement?

3,250,000.00 at 10 years at 15% compounded= $13,148,062.64

I am 34. Hoping for 11 years and done.
retire2022
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Re: Dry powder of 400k incoming. What can I do?

Post by retire2022 »

newyorker wrote: Fri Jan 28, 2022 8:54 pm
retire2022 wrote: Fri Jan 28, 2022 8:54 pm
newyorker wrote: Fri Jan 28, 2022 8:51 pm
retire2022 wrote: Fri Jan 28, 2022 8:48 pm
newyorker wrote: Fri Jan 28, 2022 8:38 pm
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
Did you buy on this most recent dip?

Yes. Same DCA ive been doing. But who knows dip might not be over 🥲
How many years until retirement?

3,250,000.00 at 10 years at 15% compounded= $13,148,062.64

I am 34. Hoping for 11 years and done.
Still not so shabby, I retired last August at 61, with 2.7 million.
Topic Author
newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

retire2022 wrote: Fri Jan 28, 2022 8:56 pm
newyorker wrote: Fri Jan 28, 2022 8:54 pm
retire2022 wrote: Fri Jan 28, 2022 8:54 pm
newyorker wrote: Fri Jan 28, 2022 8:51 pm
retire2022 wrote: Fri Jan 28, 2022 8:48 pm

Did you buy on this most recent dip?

Yes. Same DCA ive been doing. But who knows dip might not be over 🥲
How many years until retirement?

3,250,000.00 at 10 years at 15% compounded= $13,148,062.64

I am 34. Hoping for 11 years and done.
Still not so shabby, I retired last August at 61, with 2.7 million.
Thank you sir. Hows retired life?
Firemenot
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Re: Dry powder of 400k incoming. What can I do?

Post by Firemenot »

Definitely skip the car. It’ll just slow you down on 5 million goal. Maybe you get there at a still young age and work a bit longer to add another 500K for crazy collector car. Hope you have decent garage space for a seldom used car.
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Re: Dry powder of 400k incoming. What can I do?

Post by arcticpineapplecorp. »

newyorker wrote: Fri Jan 28, 2022 8:50 pm Man... i guess buying another car is stupid financially. Now my choice is between house vs. straight into VOO
why voo and not vti?
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

Firemenot wrote: Fri Jan 28, 2022 9:43 pm Definitely skip the car. It’ll just slow you down on 5 million goal. Maybe you get there at a still young age and work a bit longer to add another 500K for crazy collector car. Hope you have decent garage space for a seldom used car.
I just dont want to be priced out either. For the sake of example, Porsche Carrera GT was 700k pre covid and 1.8M post covid. (Not that i could afford it either way)
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Re: Dry powder of 400k incoming. What can I do?

Post by mkc »

Perhaps start with the Wiki entry on managing a windfall

https://www.bogleheads.org/wiki/Managing_a_windfall

Note the "Common pitfalls"...
Last edited by mkc on Fri Jan 28, 2022 9:53 pm, edited 2 times in total.
Topic Author
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

arcticpineapplecorp. wrote: Fri Jan 28, 2022 9:47 pm
newyorker wrote: Fri Jan 28, 2022 8:50 pm Man... i guess buying another car is stupid financially. Now my choice is between house vs. straight into VOO
why voo and not vti?
I just like voo more... arent they essentially the same?
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Re: Dry powder of 400k incoming. What can I do?

Post by FlatSix »

The advice you received (and the principals behind them) are as applicable today as they were in January 2021 when you asked the question, “500k worth of dry powder. I made a mistake of market timing.”

viewtopic.php?f=1&t=338352
Topic Author
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

FlatSix wrote: Sat Jan 29, 2022 6:20 am The advice you received (and the principals behind them) are as applicable today as they were in January 2021 when you asked the question, “500k worth of dry powder. I made a mistake of market timing.”

viewtopic.php?f=1&t=338352
Thank you! Cant believe thats already been a year. That money dried up as i increased DCA to 14k/week. As a car guy yourself, do you think collectible car market will keep going up?
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Re: Dry powder of 400k incoming. What can I do?

Post by Grt2bOutdoors »

retire2022 wrote: Fri Jan 28, 2022 8:54 pm
newyorker wrote: Fri Jan 28, 2022 8:51 pm
retire2022 wrote: Fri Jan 28, 2022 8:48 pm
newyorker wrote: Fri Jan 28, 2022 8:38 pm
Real estate will be out of state with property manager...
My plan is to get 5M then retire.
Did you buy on this most recent dip?

Yes. Same DCA ive been doing. But who knows dip might not be over 🥲
How many years until retirement?

3,250,000.00 at 10 years at 15% compounded= $13,148,062.64
How realistic is 15% compounding annual returns? This decade not withstanding, expectations of double digit returns is not likely.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
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JoeRetire
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Re: Dry powder of 400k incoming. What can I do?

Post by JoeRetire »

newyorker wrote: Fri Jan 28, 2022 8:30 pm 1) Lump Sum into current market
This.
What do you guys recommend?
Do whatever makes you happy.
This isn't just my wallet. It's an organizer, a memory and an old friend.
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

JoeRetire wrote: Sat Jan 29, 2022 6:36 am
newyorker wrote: Fri Jan 28, 2022 8:30 pm 1) Lump Sum into current market
This.
What do you guys recommend?
Do whatever makes you happy.
I will be honest. My heart really wants a car. Brain tells me to invest. Whats better? Will I be happier retiring early? Or enjoying life in early ages.
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JoeRetire
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Re: Dry powder of 400k incoming. What can I do?

Post by JoeRetire »

newyorker wrote: Sat Jan 29, 2022 6:44 am
JoeRetire wrote: Sat Jan 29, 2022 6:36 am
newyorker wrote: Fri Jan 28, 2022 8:30 pm 1) Lump Sum into current market
This.
What do you guys recommend?
Do whatever makes you happy.
I will be honest. My heart really wants a car. Brain tells me to invest. Whats better? Will I be happier retiring early? Or enjoying life in early ages.
(shrug)

Only you can decide what will make you happier.
Have your heart and brain duke it out.

You've been a forum member long enough to have seen this question asked and answered many times. And I'm guessing you already know what you prefer to do but just want support to give yourself permission.
Last edited by JoeRetire on Sat Jan 29, 2022 6:55 am, edited 1 time in total.
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FlatSix
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Re: Dry powder of 400k incoming. What can I do?

Post by FlatSix »

newyorker wrote: Sat Jan 29, 2022 6:31 am
Thank you! Cant believe thats already been a year. That money dried up as i increased DCA to 14k/week. As a car guy yourself, do you think collectible car market will keep going up?
Hard to say. There are certainly some that will continue to appreciate while others have already stagnated. It probably depends on the car. I am very interested in adding a 991.2 GT3 Touring, and hope that a flood of incoming 992 GT3s (which by all accounts is a very, very good car) will finally start pushing prices down along with a softening of the inflationary economy. Of course the opposite might happen as people could continue to value cars that are considered the pinnacle examples of ICE engineering with the EV future on the way.
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Re: Dry powder of 400k incoming. What can I do?

Post by feh »

newyorker wrote: Fri Jan 28, 2022 8:50 pm
Man... i guess buying another car is stupid financially.
I agree.

Now my choice is between house vs. straight into VOO
VOO
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Re: Dry powder of 400k incoming. What can I do?

Post by Sandtrap »

newyorker wrote: Fri Jan 28, 2022 8:30 pm 1) Lump Sum into current market

2) Buy a rental property (downpayment 150k) and invest the remaining into the market

3) Buy a nice car (I am looking at a 997 RS or Ferrari 458 speciale or maybe 430 scuderia)

4) Put it into savings account

What do you guys recommend?

I am crazy into cars and wonder if collectible car prices will come down to a reasonable level or keep going up. (Many went up even more than stocks) Any thoughts? Market may come down once interest goes up?
With limited data and no "context", suggestions will be mostly, "what I would do" vs what might work best for "you".
thus:

Welcome:
More comprehensive suggestions might be had if you please reformat you original post (use pencil icon) to include more data as well. Otherwise a lot of assumptions have to be made for substantive actionable input.
Like this:
Portfolio Review Request
https://www.bogleheads.org/forum/viewt ... =1&t=6212

Thanks!
j :D
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thedayisbrave
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Re: Dry powder of 400k incoming. What can I do?

Post by thedayisbrave »

I'm a big car person myself but doesn't look like you're in a spot where you should be getting an exotic or collector car. At least I wouldn't anyway.

Can you get something in the $100K-$150K range to scratch that car itch, and then put the rest to work in investments?
RubyTuesday
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Re: Dry powder of 400k incoming. What can I do?

Post by RubyTuesday »

Buy a Miata and put the reminder in the market or pay down mortgage.

They’ve Driven Everything, but the Miata Keeps Them Smiling
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Re: Dry powder of 400k incoming. What can I do?

Post by arcticpineapplecorp. »

newyorker wrote: Fri Jan 28, 2022 9:50 pm
arcticpineapplecorp. wrote: Fri Jan 28, 2022 9:47 pm
newyorker wrote: Fri Jan 28, 2022 8:50 pm Man... i guess buying another car is stupid financially. Now my choice is between house vs. straight into VOO
why voo and not vti?
I just like voo more... arent they essentially the same?
perhaps over the long term.

still, why only own 500 some companies when you could own 3000 some companies?

the S&P500 is not "the market" because it is mostly large cap and has no small (and very little mid). It represents about 80% of the market.

I prefer to own the market, as in, the total stock market.
It's hard to accept the truth when the lies were exactly what you wanted to hear. Investing is simple, but not easy. Buy, hold & rebalance low cost index funds & manage taxable events. Asking Portfolio Questions | Wiki
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

thedayisbrave wrote: Sat Jan 29, 2022 7:45 am I'm a big car person myself but doesn't look like you're in a spot where you should be getting an exotic or collector car. At least I wouldn't anyway.

Can you get something in the $100K-$150K range to scratch that car itch, and then put the rest to work in investments?
I agree, but i also had an epiphany of whats the point of living conservatively so you have more asset when you die. What is the point of delayed (and less) gratification?
retire2022
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Re: Dry powder of 400k incoming. What can I do?

Post by retire2022 »

Grt2bOutdoors wrote: Sat Jan 29, 2022 6:33 am
How realistic is 15% compounding annual returns? This decade not withstanding, expectations of double digit returns is not likely.
It could be realistic or not, certainly aspirational.

:D
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Re: Dry powder of 400k incoming. What can I do?

Post by Californiastate »

There are rich people and there are wealthy people. The rich person buys the car.
Firemenot
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Re: Dry powder of 400k incoming. What can I do?

Post by Firemenot »

newyorker wrote: Sat Jan 29, 2022 11:02 am
thedayisbrave wrote: Sat Jan 29, 2022 7:45 am I'm a big car person myself but doesn't look like you're in a spot where you should be getting an exotic or collector car. At least I wouldn't anyway.

Can you get something in the $100K-$150K range to scratch that car itch, and then put the rest to work in investments?
I agree, but i also had an epiphany of whats the point of living conservatively so you have more asset when you die. What is the point of delayed (and less) gratification?
Everything is about balance. Just be sure you don’t go to an extreme. You’re only 34. You have lots of time as a still young person. Make sure “present” self doesn’t make choices that disadvantage “future” self too much.
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Re: Dry powder of 400k incoming. What can I do?

Post by coffeeblack »

newyorker wrote: Fri Jan 28, 2022 8:30 pm 1) Lump Sum into current market

2) Buy a rental property (downpayment 150k) and invest the remaining into the market

3) Buy a nice car (I am looking at a 997 RS or Ferrari 458 speciale or maybe 430 scuderia)

4) Put it into savings account

What do you guys recommend?

I am crazy into cars and wonder if collectible car prices will come down to a reasonable level or keep going up. (Many went up even more than stocks) Any thoughts? Market may come down once interest goes up?
How old are you? Nevermind, I saw post.

So I would do the boring thing and just invest it in the market. I wouldn't take on more debt in real estate. You said your income is not stable. That cars your are looking at will have a huge insurance and maintenance bills.

You have around 1,450,000 in the market the rest is in your home. Unless you downsize you can't really use your home for retirement income. So you will have to keep investing to get to 5 million.
Last edited by coffeeblack on Sat Jan 29, 2022 12:36 pm, edited 1 time in total.
Flashes1
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Re: Dry powder of 400k incoming. What can I do?

Post by Flashes1 »

I'd buy the car if all are met: (i) while the income my fluctuate, it's dependable with a high floor, (ii) you're single and ready to really mingle, and (iii) the thought of postponing retirement a few years due to lower than expected portfolio returns is not the end of the world.
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Re: Dry powder of 400k incoming. What can I do?

Post by BruDude »

newyorker wrote: Fri Jan 28, 2022 8:30 pm 1) Lump Sum into current market

2) Buy a rental property (downpayment 150k) and invest the remaining into the market

3) Buy a nice car (I am looking at a 997 RS or Ferrari 458 speciale or maybe 430 scuderia)

4) Put it into savings account

What do you guys recommend?

I am crazy into cars and wonder if collectible car prices will come down to a reasonable level or keep going up. (Many went up even more than stocks) Any thoughts? Market may come down once interest goes up?
The heart says option 3, the brain says option 1. The Scud would be a dream but the market has gone insane over the last year. Can’t find anything decent under $240-250k now, probably will be $300-350k soon. The 997 RS seems to have doubled in price over the last year. Don’t know that they can keep climbing much higher but it also seems unlikely they’ll ever go back down. Don’t think Porsche will make any more manual RS cars.
Firemenot
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Re: Dry powder of 400k incoming. What can I do?

Post by Firemenot »

Flashes1 wrote: Sat Jan 29, 2022 12:29 pm I'd buy the car if all are met: (i) while the income my fluctuate, it's dependable with a high floor, (ii) you're single and ready to really mingle, and (iii) the thought of postponing retirement a few years due to lower than expected portfolio returns is not the end of the world.
I absolutely would NOT buy such a car if single. It will likely turn off a fair number of quality partners and, moreover, be more likely to attract gold-digger / extravagant-spender partners. I suppose a counter would be that it might increase your chances of meeting a partner that’s super wealthy.
BogleFan510
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Re: Dry powder of 400k incoming. What can I do?

Post by BogleFan510 »

Invest per investment plan. Rent a fancy car for a week to get it out if your system.
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Re: Dry powder of 400k incoming. What can I do?

Post by leland »

OT: I read this and pictured a speedboat pulling into Miami in the 80s.

But yeah, just invest according to allocation. Make a plan, work the plan... Note I am a bit better giving that advice than following :)
gonefishing01
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Re: Dry powder of 400k incoming. What can I do?

Post by gonefishing01 »

Is the 1.8 in RE the value of the property? Or the value of your equity not including the mortgages? Either way, i’d probably just invest it immediately into my AA until I hit my goal.

I was in a similar place last year with a few windfalls from diversifying company stock. Lump summed everything immediately and once my invested assets crossed 30x, I convinced myself it was okay to buy a new car. No regrets. Early 40’s and hope to retire in 10 years when my kids will start going to college.
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Re: Dry powder of 400k incoming. What can I do?

Post by PescadorPete »

newyorker wrote: Sat Jan 29, 2022 11:02 am
thedayisbrave wrote: Sat Jan 29, 2022 7:45 am I'm a big car person myself but doesn't look like you're in a spot where you should be getting an exotic or collector car. At least I wouldn't anyway.

Can you get something in the $100K-$150K range to scratch that car itch, and then put the rest to work in investments?
I agree, but i also had an epiphany of whats the point of living conservatively so you have more asset when you die. What is the point of delayed (and less) gratification?
Stuff happens. You're only 34. Life is rarely linear.
NiceUnparticularMan
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Re: Dry powder of 400k incoming. What can I do?

Post by NiceUnparticularMan »

Figuring out how to balance current consumption versus saving for the future is not a remotely easy task, and ultimately pretty personal.

But I will note there is a lot of research suggesting buying luxury things rarely has as much value as the buyers hope/anticipate. Experiences tend to provide much higher returns, particularly experiences shared with others. That in particular is why early retirement MIGHT be a good thing, if it gives you time to have a lot more of the experiences you enjoy the most, with the people you enjoy the most (at least a few people seem to miss work and their colleagues, though).

Anyway, of course you can use things to have experiences, but there is a lot to be said for renting those things such that you can have lots of different experiences, and more efficiently, including only when you want them.

Like, why buy the one vacation property in X, when you can rent vacation properties in A through Z? Particularly if you have to end up managing your place in X as a rental property when not using it, and so on.

Thinking this through, for us the main ownership luxury we indulge in is our home. Part of that is for the unique experience of being able to design and execute on home projects and such. Part of that is because we know we will be spending a bunch of time here, even if eventually we travel a lot too. And even then, I don't have a problem with people being uninterested in all that and either renting their primary residence, or at least not spending a lot on it.

But maybe that one special car could be to you like that one special home has been to us. Knowing enough car guys over time, though, including my brother . . . it mostly has not worked out that way for them, meaning it typically does not take long for them to start lusting after something else again. Just as the research suggests will happen.
mkc
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Re: Dry powder of 400k incoming. What can I do?

Post by mkc »

Firemenot wrote: Sat Jan 29, 2022 12:53 pm
Flashes1 wrote: Sat Jan 29, 2022 12:29 pm I'd buy the car if all are met: (i) while the income my fluctuate, it's dependable with a high floor, (ii) you're single and ready to really mingle, and (iii) the thought of postponing retirement a few years due to lower than expected portfolio returns is not the end of the world.
I absolutely would NOT buy such a car if single. It will likely turn off a fair number of quality partners and, moreover, be more likely to attract gold-digger / extravagant-spender partners. I suppose a counter would be that it might increase your chances of meeting a partner that’s super wealthy.
Reminds me of an old car commercial and the tag line regarding "compensating..." :twisted:
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arcticpineapplecorp.
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Re: Dry powder of 400k incoming. What can I do?

Post by arcticpineapplecorp. »

don't forget to have enough money to pay the car insurance each year (and repairs).
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Silverado
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Re: Dry powder of 400k incoming. What can I do?

Post by Silverado »

Yes buy the car, especially since you already have that direction as your prime path. Pretty likely I own stock in the company, or at least a few suppliers. I like that.

Now, if I was in your position, it’s going right into a total stock fund and I’d get back to me normal life. No way I’d blow money on a car. Did that with a snowmobile ($5k) when I was 24, learned my lesson.
sambb
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Re: Dry powder of 400k incoming. What can I do?

Post by sambb »

once you buy car, you will know in 3-6 months if you enjoy it, or have buyers remorse for the large ticket. Have fun with it either way.
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Re: Dry powder of 400k incoming. What can I do?

Post by BruDude »

sambb wrote: Sat Jan 29, 2022 4:14 pm once you buy car, you will know in 3-6 months if you enjoy it, or have buyers remorse for the large ticket. Have fun with it either way.
The good news is none of those cars is ever going to lose any value, so easy exit if needed...
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newyorker
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Re: Dry powder of 400k incoming. What can I do?

Post by newyorker »

Thank you for the feedback. I have a weekend to think about it.
sambb
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Re: Dry powder of 400k incoming. What can I do?

Post by sambb »

BruDude wrote: Sat Jan 29, 2022 4:16 pm
sambb wrote: Sat Jan 29, 2022 4:14 pm once you buy car, you will know in 3-6 months if you enjoy it, or have buyers remorse for the large ticket. Have fun with it either way.
The good news is none of those cars is ever going to lose any value, so easy exit if needed...
.. maybe so, unless someone hits you, even in a minor fender bender. Then it becomes an issue potentially. Even if it is repaired.
retire2022
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Re: Dry powder of 400k incoming. What can I do?

Post by retire2022 »

leland wrote: Sat Jan 29, 2022 1:07 pm OT: I read this and pictured a speedboat pulling into Miami in the 80s.

But yeah, just invest according to allocation. Make a plan, work the plan... Note I am a bit better giving that advice than following :)
You mean Miami Vice?

https://www.youtube.com/watch?v=Zh-SfszJd5I
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