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USA
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Posted: 3/28/2024 6:12:13 PM EDT
[Last Edit: Glock4140]
Got about 10k coming my way in tax returns
Do I dump into high yield savings (4.5%) Do I roll the dice and just dump it all into the market? I’m shocked the market it doing this well, I’m reluctant to dump money before it slumps. I feel like the fed is going to cut rates which might inflate the market IDK option 4 Buy ammo |
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Posted: 3/28/2024 6:13:06 PM EDT
[#1]
hookers and blow, my man.
hookers and blow. |
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Posted: 3/28/2024 6:13:23 PM EDT
[#2]
Bro
The answer is always hookers and blow. |
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Posted: 3/28/2024 6:14:54 PM EDT
[#3]
Quote HistoryOriginally Posted By JLPettimoreIII: hookers and blow, my man. hookers and blow. |
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Posted: 3/28/2024 6:16:31 PM EDT
[#4]
If you’ve got a comfortable emergency fund set up then invest it. If your emergency fund is lacking then put it in savings. Or, ignore what I said and put it towards hookers and blow.
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Posted: 3/28/2024 6:17:17 PM EDT
[#5]
Send it to Fidelity it’ll earn 5% until you feel like buying into the market.
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Posted: 3/28/2024 6:17:35 PM EDT
[#6]
I'm leaving most cash in energy or money market these days
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Posted: 3/28/2024 6:18:26 PM EDT
[#7]
BTC
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Posted: 3/28/2024 6:20:44 PM EDT
[#8]
Quote HistoryOriginally Posted By JLPettimoreIII: hookers and blow, my man. hookers and blow. Yup, not getting cheaper to get laid or high |
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Posted: 3/28/2024 6:21:11 PM EDT
[#9]
MM and then $1k a month into VOO until the MM is empty if you're nervous about possibly buying the peak.
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Posted: 3/28/2024 6:21:45 PM EDT
[Last Edit: Obo2]
[#10]
Quote HistoryOriginally Posted By jerrwhy01: If you’ve got a comfortable emergency fund set up then invest it. If your emergency fund is lacking then put it in savings. Or, ignore what I said and put it towards hookers and blow. emergency funds are largely retarded. Sure have a couple grand extra hanging out but if you have an emergency just put it on a credit card and get your cash back. If you really need to you can pull money out of your brokerage easy enough. The likelihood that we have such a huge market crash that your vanilla sp500 index fund tanks too hard to pay for a new water heater or ac or something is so small as to not even be relevant. Granted if you really think the market is inflated right now it could be a good idea to hold the money in your money market/cash settlement fund which would get about the same 5% but you could also go ahead and set some limit orders for whatever you think the market will drop to. in essence getting both. |
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USA
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Posted: 3/28/2024 6:46:51 PM EDT
[#11]
Quote HistoryOriginally Posted By Jarcese: MM and then $1k a month into VOO until the MM is empty if you're nervous about possibly buying the peak. Or half up front and DCA the rest in. Can’t really go wrong either way if you plan on holding for the long term. |
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Posted: 3/28/2024 7:39:31 PM EDT
[#12]
You already paid taxes on it and loaned it to the government for a year.
Fund a Roth, limit is $7k or $8k if over 50 in 2024 |
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FL, USA
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Posted: 3/28/2024 8:18:26 PM EDT
[#13]
I got a life insurance settlement and put it in a Cap1 savings account @ 4.35% interest. If it goes below 4%, I will likely dump it into the market, depending.
Honestly, I was set on blowing it (not on hookers and blow), but my financial maturity (I'm frugal) prevented me from doing so (I'm a pussy), so I figured I would at least earn some interest until I find something (grow some balls) that I want to buy (not hookers and blow.) |
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Posted: 3/28/2024 8:23:12 PM EDT
[#14]
I haven't gotten a tax return in 15 years.
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Posted: 3/28/2024 8:25:19 PM EDT
[#15]
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USA
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Posted: 3/28/2024 8:32:21 PM EDT
[#16]
Quote HistoryOriginally Posted By Obo2: emergency funds are largely retarded. Sure have a couple grand extra hanging out but if you have an emergency just put it on a credit card and get your cash back. If you really need to you can pull money out of your brokerage easy enough. The likelihood that we have such a huge market crash that your vanilla sp500 index fund tanks too hard to pay for a new water heater or ac or something is so small as to not even be relevant. Granted if you really think the market is inflated right now it could be a good idea to hold the money in your money market/cash settlement fund which would get about the same 5% but you could also go ahead and set some limit orders for whatever you think the market will drop to. in essence getting both. I don't think a credit card is a replacement for an emergency fund and it's not about the water heater. It's when the economy tanks, companies cut jobs, and credit card companies start cutting limits. I'd much rather be riding out a rough job market with cash than a credit card. |
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Posted: 3/28/2024 8:39:42 PM EDT
[Last Edit: cavedog]
[#17]
Vanguard Money Market (VFMXX) is paying 5.28% until the fed drops rates.
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Posted: 3/28/2024 8:40:21 PM EDT
[#18]
Refund vs. Return.
Come on man. |
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USA
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Posted: 3/28/2024 8:41:46 PM EDT
[#19]
The market is waiting to drop for you to buy.
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AR, USA
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Posted: 3/28/2024 8:42:58 PM EDT
[#20]
Full auto
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Posted: 3/28/2024 8:46:20 PM EDT
[#21]
Door dash and avocado toast....
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TN, USA
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Posted: 3/28/2024 8:51:48 PM EDT
[#22]
Let me get this straight. You want to take the little they let
you have back, reinvest into something they can still get their dirty mitts on at a later time. Whatever, I guess keep feeding that sucking sound. |
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Posted: 3/28/2024 8:59:55 PM EDT
[Last Edit: FourLoko]
[#23]
Quote HistoryThe tax return is what you file. A tax refund is what you get if you're bad with money or don't have a job. I was happy that I owed less than $2,000 this year. Get your money up. |
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Posted: 3/28/2024 9:00:36 PM EDT
[#24]
Quote HistoryOriginally Posted By STJ: BTC This is what I would probably do if I were getting a return or maybe put it in the Fidelity 500 index. |
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TX, USA
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Posted: 3/28/2024 9:01:37 PM EDT
[#25]
I put mine in the market. The super market!
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Posted: 3/28/2024 9:02:07 PM EDT
[#26]
Quote HistoryOriginally Posted By Nosler180: This is what I would probably do if I were getting a return or maybe put it in the Fidelity 500 index. It’s a refund. The return is what you file. |
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Posted: 3/28/2024 9:05:28 PM EDT
[#27]
Buy tools and acquire lacking useful life skills with it.
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Posted: 3/28/2024 9:06:03 PM EDT
[#28]
Put it into a money market account. I use Fidelity. Incredibly easy to transfer money back and forth between that and your bank account.
Invest at will. All at once, a little at a time, or some up front and then a little at a time. I invest in the S&P 500. I use both IVV(brokerage) and VOO(IRA) Invest for the long term. Open up a Roth if you don't have one. Or if you have already maxed out your retirement accounts, open a Health Savings Account. If you have credit card debt, pay that down first. |
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FL, USA
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Posted: 3/28/2024 9:09:37 PM EDT
[#29]
Quote HistoryOriginally Posted By Kanin: Put it into a money market account. I use Fidelity. Incredibly easy to transfer money back and forth between that and your bank account. Invest at will. All at once, a little at a time, or some up front and then a little at a time. I invest in the S&P 500. I use both IVV(brokerage) and VOO(IRA) Invest for the long term. Open up a Roth if you don't have one. Or if you have already maxed out your retirement accounts, open a Health Savings Account. If you have credit card debt, pay that down first. This is what I do. |
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Posted: 3/28/2024 9:10:43 PM EDT
[#30]
My "return" doesn't exist. I'd rather owe a slight amount, knowing that those bastards in Washington aren't borrowing it for zero interest. Instead, I put my money in my investments making a decent amount of money off of it.
The math isn't that hard, people. But, if you want that illogical psychological boost of having Uncle Sam hold on to your yearly allowance, I certainly can't fault you. |
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Posted: 3/28/2024 9:13:55 PM EDT
[#31]
Long story short, the people relying on a refund every year are doing it wrong.
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Posted: 3/28/2024 9:16:26 PM EDT
[#32]
If in doubt 50/50.
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Posted: 3/28/2024 9:17:19 PM EDT
[#33]
Quote HistoryOriginally Posted By Low_Country: Refund vs. Return. Come on man. It sends me over the edge that people don't seem to understand these two terms. |
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TX, USA
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Posted: 3/28/2024 9:23:02 PM EDT
[#34]
I remember I got 10K back a few years ago but I had a 40K medical expense deduction.
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MN, USA
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Posted: 3/28/2024 9:31:32 PM EDT
[Last Edit: Wildfan99]
[#35]
Invest it in something that doesn't fund abortion and the crap that is lending towards the downfall of our country.
Catholic United Financial or Ave Maria offers morally sound investments so your money is clean and doesn't turn into blood money. |
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Posted: 3/28/2024 9:32:49 PM EDT
[#36]
Quote HistoryOriginally Posted By Wildfan99: Invest it in something that doesn't fund abortion and the crap that is lending towards the downfall of our country. Catholic United Financial or Ave Maria offers morally sound investments so your money is clean and doesn't turn into blood money. 
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Posted: 3/28/2024 9:54:25 PM EDT
[#37]
Originally Posted By Glock4140: Got about 10k coming my way in tax returns A tax return is what you file. A tax refund is what you receive. |
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MI, USA
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Posted: 3/28/2024 10:00:56 PM EDT
[#38]
State listing at link
Don't pay state tax on exempt T bills? States with Tax-Exempt Interest from U.S. Debt Obligations |
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Posted: 3/28/2024 10:06:03 PM EDT
[#39]
Quote HistoryOriginally Posted By FourLoko: The tax return is what you file. A tax refund is what you get if you're bad with money or don't have a job. I was happy that I owed less than $2,000 this year. Get your money up. Fully aware of the difference between a return and a refund, killer. |
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USA
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Posted: 3/28/2024 10:06:20 PM EDT
[Last Edit: JG_Wentworth]
[#40]
Originally Posted By Glock4140: Got about 10k coming my way in tax returns Do I dump into high yield savings (4.5%) Do I roll the dice and just dump it all into the market? I’m shocked the market it doing this well, I’m reluctant to dump money before it slumps. I feel like the fed is going to cut rates which might inflate the market IDK option 4 Buy ammo Also election year, so markets probably going higher. They won't crash it while bidens up for election |
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OR, USA
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Posted: 3/28/2024 10:10:31 PM EDT
[#41]
Originally Posted By Glock4140: Got about 10k coming my way in tax returns Do I dump into high yield savings (4.5%) Do I roll the dice and just dump it all into the market? I’m shocked the market it doing this well, I’m reluctant to dump money before it slumps. I feel like the fed is going to cut rates which might inflate the market IDK option 4 Buy ammo 4.5% isn't high yield 5-5.25 is pretty easy to find |
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OH, USA
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Posted: 3/28/2024 10:19:10 PM EDT
[#42]
Dump it into Physical Metals...
Brass, Copper, and lead specifically. |
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Posted: 3/28/2024 10:35:35 PM EDT
[#43]
10 fucking K?!
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Posted: 3/28/2024 10:45:40 PM EDT
[#44]
Quote HistoryOriginally Posted By jollyg83: Buy tools and acquire lacking useful life skills with it. |
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KY, USA
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Posted: 3/28/2024 10:58:20 PM EDT
[#45]
Toyota Income Driver notes are paying 5.25%. Easy transfer money in and out, usually one day turnaround. It's where I keep some of my emergency money.
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Posted: 3/28/2024 10:59:18 PM EDT
[#46]
Originally Posted By Glock4140: Got about 10k coming my way in tax returns Do I dump into high yield savings (4.5%) Do I roll the dice and just dump it all into the market? I’m shocked the market it doing this well, I’m reluctant to dump money before it slumps. I feel like the fed is going to cut rates which might inflate the market IDK option 4 Buy ammo @Glock4140 How much ammo do you have? |
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Posted: 3/28/2024 11:02:02 PM EDT
[#47]
Quote HistoryOriginally Posted By bgenlvtex: You already paid taxes on it and loaned it to the government for a year. Fund a Roth, limit is $7k or $8k if over 50 in 2024 @Glock4140 @bgenlvtex Fund a 2023 Roth unless you already did. You can do so until 4/15/24. |
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Posted: 3/28/2024 11:03:50 PM EDT
[#48]
give my wife's LLC $10,000 and I'll give you back $10,500 in 90 days.
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NV, USA
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Posted: 3/28/2024 11:17:32 PM EDT
[#49]
You messed up. Stop loaning them money interest free.
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USA
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Posted: 3/28/2024 11:29:33 PM EDT
[#50]
Use the tax refund to pay property tax. That’s how it always ends up for me.
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