tinyjackpot

tinyjackpot on Hacker News

Re:Ask HN: I just won $150k. What do I do? on Thursday June 11, 2020 @01:29PM (#23491147)

Thanks for the advice!

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @07:43PM (#23472241)

Understood, thank you!

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @06:20PM (#23471605)

Thank you!

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @05:27PM (#23471101)

How risky are municipal bonds? I feel like I always hear about cities going bankrupt.

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @05:20PM (#23471038)

Oh, managing my normal bank stuff and my investments in one place seems neat, I'll look into Schwab!

On another note, how "flexible" (not sure what the right terminology is) are these brokerage accounts? Is it like savings where you can withdraw when you want, or like a 401K where once the money goes in it's super hard to get it out?

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @05:16PM (#23471009)

I'm planning on giving $1000 to the EFF and $1000 to the FSF.

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @05:04PM (#23470890)

What's the process for investing in S&P500/Russel2000? Do I need to pay someone or can I do it myself through my bank?

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @05:01PM (#23470864)

The $150k was already post-tax, and the withholdings are (expected to be) higher than my actual tax rate EOY, so I should get some more in my returns.

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @04:59PM (#23470837)

I don't have _any_ debt.

Which index should I use? What are the differences between using an index and a mutual fund?

Re:Ask HN: I just won $150k. What do I do? on Tuesday June 09, 2020 @04:57PM (#23470812)

I still have my usual income (~$150k/y).

What kind of investments would you recommend?

Ask HN: I just won $150k. What do I do?

Posted by tinyjackpot on Tuesday June 09, 2020 @04:29PM
from the ask-hn dept.

I just won $150,000 in cash, and I have no idea what to do with it. This is about a year's worth of salary for me, and I have no outstanding debts or big expenses other than rent.I'm in my early twenties, have never had this sort of money in the bank before, and I am totally lost.How do I best use my tiny jackpot?EDIT: To clarify, I _also_ have a job where I make ~$150k/y, regardless of this...

( Read More... | 43 comments | 13 points | on HN )