any accountants on here, what will Foscue clear on that 3.25 mill?

[Leroy Jenkins]

Yes, but this was a signing bonus, not a salary.

I don't have a clue about the specifics of when it's distributed or where the person resides at that point.

[HoopsDawg]

I don't have a clue about the specifics of when it's distributed or where the person resides at that point.

no offense, but it appears you don't have a clue about any of the questions I was asking, lol.

If I'm Foscue's dad. I tell him to take 1 million, open up an online brokerage account. Invest the million in VOO. When Foscue's 51, he will more than likely have at least 7.6 million to live off for the rest of his life.

[Leroy Jenkins]

no offense, but it appears you don't have a clue about any of the questions I was asking, lol.

[MarcoRubio]

no offense, but it appears you don't have a clue about any of the questions I was asking, lol.

If I'm Foscue's dad. I tell him to take 1 million, open up an online brokerage account. Invest the million in VOO. When Foscue's 51, he will more than likely have at least 7.6 million to live off for the rest of his life.

For the novice investor, why ETF (which is what VOO is I believe) and not standard index fund? Outside of a retirement account I assume ETF is more tax efficient? What about in a Roth? Any other advantages?

[HoopsDawg]

For the novice investor, why ETF (which is what VOO is I believe) and not standard index fund? Outside of a retirement account I assume ETF is more tax efficient? What about in a Roth? Any other advantages?

VOO is basically free. 0.03 fee. And yes, very tax efficient since you want have to pay capital gains distributions like you would with a mutual fund. Also, VOO is something you can hold for 30 years unlike a mutual fund which can have underperformance, manager changes, etc.

In a Roth, I would look to be more aggressive since the main advantage of a Roth is tax-free growth + tax free distributions. Though very few people, managers can beat the Index over time. So even in the Roth VOO would be a good choice.

[MarcoRubio]

VOO is basically free. 0.03 fee. And yes, very tax efficient since you want have to pay capital gains distributions like you would with a mutual fund. Also, VOO is something you can hold for 30 years unlike a mutual fund which can have underperformance, manager changes, etc.

In a Roth, I would look to be more aggressive since the main advantage of a Roth is tax-free growth + tax free distributions. Though very few people, managers can beat the Index over time. So even in the Roth VOO would be a good choice.

I?ve been wanting to start something for the kids. I tend to over analyze which usually leads to inaction. I need to get something started soon.

[Cowbell]

no offense, but it appears you don't have a clue about any of the questions I was asking, lol.

If I'm Foscue's dad. I tell him to take 1 million, open up an online brokerage account. Invest the million in VOO. When Foscue's 51, he will more than likely have at least 7.6 million to live off for the rest of his life.

I would ask him to buy land. A real tangible asset that will appreciate in value long-term and can produce short-term returns and enjoyment.

Land is about to be a hot commodity with all this craziness.

[HoopsDawg]

I would ask him to buy land. A real tangible asset that will appreciate in value long-term and can produce short-term returns and enjoyment.

Land is about to be a hot commodity with all this craziness.

Not for your core holding. Land is not going to produce anything. He's 21, he might not buy the right land. You have to pay taxes on Land and maintenance costs. Land is not liquid. Need to buy a home and pay it off before you buy land. If Foscue makes it to MLB and gets another contract then sure, maybe he can add land.

[Cowbell]

Not for your core holding. Land is not going to produce anything. He's 21, he might not buy the right land. You have to pay taxes on Land and maintenance costs. Land is not liquid. Need to buy a home and pay it off before you buy land. If Foscue makes it to MLB and gets another contract then sure, maybe he can add land.

I would own land before I owned a home. Especially in TX.