I'm 18 and I recently inherited an IRA worth slightly over 300k as well as about 50k liquid cash...

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Buy LINK

Trust fund faggots fuckpff this board
give it all to a christian charity you piece of shit

no

Buy BAT

I currently own quite a bit of $AMZN and earnings went very well today >:)

I dont fuck with crypto

Ignore the envious cunts. Life sucks, I envy you too but I've accepted my hand. Regarding your portfolio, my personal opinion is that you should move into safer assets and up your liquid cash position, as well as start reading up on VALUE investing (ignore TA and all that bullshit). Markets been bull for 10 years now and a crash is imminent imo. Keep lots of cash on hand to buy up cheap opportunities. With decent work and management that can be $1M in 5-7 years or so

rape your ass with knife

buy LINK

My digits! Fucking stinkies always get the digits. 1000 fucking dollars end of year.

I really appreciate the legitimate response brother, quite a bit of my assets are made up of mutual funds (slow growth but safer). Currently I'm having my portfolio managed by a close family friend/financial advisor who's managed many of my families accounts (worth quite a bit more than mine) but eventually once I get through college I'm very interested in managing it for myself.

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all in LINK immediately

if you are retarded and want a diversified portfolio
BTC LINK XLM BNB XMR in that order

My personal philosophy is to never trust others with your money, close family friend or not. Thats how my family got fucked in the ass back in 2000 with the dotcom bubble. Unless your family friend has proven solid returns and performance, I'd be wary

>18 year old boomer sitting down for a nice meeting with Schlomo to setup a Roth IRA

Attached: IMG_0338.png (310x326, 15K)

2 year treasuries, then in 2020 deploy.

Eat cock shitface. Buy Bitcoin fucking now and stfu

All in on biopharma memes.

So angry, lol. Get better parents, loser.

Serious advice: don't touch it. Have your broker put it all into safe, long term funds, and forget about it. You have to start pulling out a percentage every year, starting the first year you inherited it, and it will be treated as income - ie. taxed. If you pull it all out, it will count as 300K income this year, and you'll pay around 60% on it. Do you really want to hand over 150K to the feds? Do your yearly distribution, it's a percentage, and not high, pay taxes on it, and then invest that withdrawal.

By the time you retire, 300k is millions. You're way ahead of the game already. Have fun with half of the 50k, sock the rest away for emergencies, set and forget the inherited IRA.

He's 18. There will probably be several corrections or crashes before he's ready to retire - by that time, the growth over time will more than offset any of that. That's the thing a lot of the cryptokiddies don't get here, because they're too young to have lived through it - the crash of 2008 was bad, but it recovered fast. Any future crashes will recover fast. He's got 40 plus years to let 300k grow.

Also, you can't do much with an inherited IRA. You can't add to it, unless it's from dividends. You can sell off parts, but it's treated as straight income. And, you have to start taking withdrawals, on a percentage basis, starting now, and continues until it's depleted. Over 30 years, that's pretty much impossible. If he sells off the whole thing, it will be taxes at 60% Federal, and any state income taxes depending on where he lives. You can't transfer the investments, inherited IRAs have strict rules on what you can do with them.

Yeah after sitting down with my advisor for a few hours this is what I took away from it. I definitely wont be touching the money for a long long time, and if I end up getting into the career I'm studying for (Air traffic controller) my money should be looking veerrrry nice.

Who died sorry for your loss

Oh yeah there's no way in hell I'm letting uncle sam take 60% as far as RMD's (required minimum distributions) go I'm all set and the amount I take out yearly typically doesn't exceed my gains on the average week. Again thank you for the serious comment.

Unfortunately my father passed away unexpectedly, I appreciate the kind words. Lots of my closest friends just see me as being extremely lucky (don't get me wrong I am) however not many people (my age at least) know what its like to loose a parent.

I don't get why more people my age don't start one now, hell I've talked to several people in their 20s and 30s who don't even know what an IRA let alone a roth IRA even is, pretty sad honestly.