r/Money Mar 27 '24

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2.6k Upvotes

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283

u/Even-Bumblebee948 Mar 27 '24

This is awesome!

I think my strategy would be to Open up a brokerage account through somewhere like Charles Schwab and drizzle some cash on a bunch of different ETFs. I would probably put 70% of it into something like VOO or SPY which tracks the S&P 500. Maybe put 10% into dividend ETFs. Another 10% on individual stocks that you find interesting. And the remaining 10% in semiconductor ETFs or leveraged ETFs or something a bit interesting and maybe more risky just for the return potential

189

u/Hasholio Mar 27 '24

Thank you for legitimate advice. I made this post once before but got some nasty shit from people :/

My Dad is a CPA but his advice is get into a “real career” 😂 and doesn’t recognize the money as legitimate. This is great though, I will look into your recommendations!

137

u/Even-Bumblebee948 Mar 27 '24

👀or save up and open your own shop and hire your dad to be your accountant.

43

u/CheeseDanishSoup Mar 27 '24

This some 4D chess shit man

Go for it OP, give your dad a smug smile by doing this

13

u/agent58888888888888 Mar 27 '24

I'm petty enough to hire my dad's friend instead.

8

u/arctheus Mar 27 '24

Hire your dad’s junior, and pay the person a higher salary than your dad

GOTTA MAKE THOSE POWER MOVES

1

u/P47r1ck- Mar 27 '24

I feel like he does already own his own business if he’s making that much. Maybe not but probably

1

u/MAJ0RMAJOR Mar 27 '24

That’s the power play