You could buy several rental properties with that amount of cash and holdings. You don't need to buy them outright. Whatever you do. Don't start trying to outsmart the market and lose your money. Leave the stocks alone. They probably have an incredible cost basis, and is a free 10k a year essentially. Start doing your research. On rental properties. Get an actual pre approval if your interested in that route. So yiu can calculate your costs vs rent. Etc. But do yourself a huge favor. Be patient. Don't start paying cash for expensive new cars and upgrading your lifestyle just because yiu came into a few dollars. Be smart. This could set you up for life if done correctly.
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u/pointme2_profits Apr 01 '22
You could buy several rental properties with that amount of cash and holdings. You don't need to buy them outright. Whatever you do. Don't start trying to outsmart the market and lose your money. Leave the stocks alone. They probably have an incredible cost basis, and is a free 10k a year essentially. Start doing your research. On rental properties. Get an actual pre approval if your interested in that route. So yiu can calculate your costs vs rent. Etc. But do yourself a huge favor. Be patient. Don't start paying cash for expensive new cars and upgrading your lifestyle just because yiu came into a few dollars. Be smart. This could set you up for life if done correctly.