True I guess I’ll just YOLO $900 every month after I pay it off

True but I don’t have any need to spend more than I already am per year even if my salary increases. I already eat out nicely once or twice a month, and food is the only thing I spend money on outside monthly bills and my car

i mean at least give a proper argument instead of a useless snide comment

Don't lose it make sure to set a limit for yourself. Doesn't hurt to try and gamble a bit if you want to try and flip some but make sure you don't regret wasting it. Don't have inheritances pop up on the regular

doesn't have to be fidelity or some other traditional institution to displace COIN

I'll give you some advice, but I think there are a few details that are relevant here.

1. What degrees/education do you have?

2. What is your current job?

3. What is your risk tolerance? Could you deal with massive swings in asset value?

I feel like proper advice can't be given without knowing at the very least this information.

[deleted]

Isn't Freeport expected to open at the end of March?

Edit: it looks like it is partially open now. I agree completely on the sentiment, but i struggle with the fact, that the downside was so steep in the last 3 months, that technically there should be a retrace and maybe even try for another go to 2.10-2.20. Not that I hope for it, i have 76000 contracts of natural gas, worth around 195 000$ with ngas at 2.57..

buy BTC

Alright I'm gonna give you real advice. You can either take it or buy meme stock options and lose all the money you just got.

Pay off the 50k car loan.

Open a Vanguard or Fidelity account and put the remaining 90k in it. The settlement funds are paying 4% even if you don't invest it.

Buy like 60k worth of boring index ETFs. Like 40k of VTI and 20k of VXUS, or 60k of VOO, whatever.

YOLO 15k of it using the shit advice you get here so you can learn how easy it is to lose money.

Keep the other 15k in the settlement fund as cash. Unless you already have some cash in savings, then fine yolo that too.

>invest >risky shit I think the word you’re looking for is gamble, not invest.

If interest is above 3% on that loan, pay that shit off and toss the remainder into something boring like VTI and forget about it.

Between this and your job and the extra money you’ll have without that car loan, you are setup to be rich and retiring mondo-early.

Keep the car payment, don’t change your lifestyle, and put most of it in high dividend stocks until you figure out what you want to do with your life.

Buy 100 shares of Tesla and sell out of the money calls.

4% isn’t high enough for me tbh especially with S&P average being above 8% I’d rather throw 100% in SPY

Fox body mustang, baby!

Don’t ask that question in wallstreetbets, try r/investing

First off, obligatory condolences - congrats & fuck you. This sets you up for success financially. Pay your car off, DCA into index funds.

A short time later…

Get bored and overconfident, realize investing isn’t hard, it’s easy as fuck - sell it all.

Immediately after…

Invest all your hard earned money (lol) in 0DTE SPY calls, lose it all, be an even bigger disappointment to your now dead father.

Fin.

Around 5.6 I think

Your mentality will be the reason you are broke by 24.

Idk seems pretty fun to me but I agree I might go cheaper like for a Tesla maybe

boom could have been the best 10 min of your life

buying TQQQ or UPRO have the potential to get to a million without losing it all on Options and FDs. They're triple leveraged funds that track QQQ or SPY. You could lose it all if the market dropped 30%+ in a day, Decay will make you will lose money if QQQ doesnt gain more than 8%/year.

One word: plastics

What rate is the car loan?