04-13-2022, 07:17 AM
Help me convince my wife to properly invest $250k
<!-- SC_OFF --><div class="md"><p>Quick story: My daughter inherited a house (fully paid for and tenated) that (if sold today) would net about $250k (after closing costs and such). </p> <p>Problem is, this house was rented in the "good 'ol boy" way, where the house is making approximately $1k/mo, but then it has taxes and fixes that drain about $5k/yr. Net profit is ~$7k.</p> <p>I told my wife that this is insane, and that we could sell this house and use the money to help our daughter have a headstart in life. She could make so much more off of the funds from the investment, and she would also have no headaches with the renters or anything like that. </p> <p>What are some ways this could be invested to make more than what it currently returns. One suggestion I have had is QYLD with DRIP, but I would love to show her three or four other options to really drive the point home.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/drift_in_progress"> /u/drift_in_progress </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/u1y0xf/help_me_convince_my_wife_to_properly_invest_250k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/u1y0xf/help_me_convince_my_wife_to_properly_invest_250k/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Quick story: My daughter inherited a house (fully paid for and tenated) that (if sold today) would net about $250k (after closing costs and such). </p> <p>Problem is, this house was rented in the "good 'ol boy" way, where the house is making approximately $1k/mo, but then it has taxes and fixes that drain about $5k/yr. Net profit is ~$7k.</p> <p>I told my wife that this is insane, and that we could sell this house and use the money to help our daughter have a headstart in life. She could make so much more off of the funds from the investment, and she would also have no headaches with the renters or anything like that. </p> <p>What are some ways this could be invested to make more than what it currently returns. One suggestion I have had is QYLD with DRIP, but I would love to show her three or four other options to really drive the point home.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/drift_in_progress"> /u/drift_in_progress </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/u1y0xf/help_me_convince_my_wife_to_properly_invest_250k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/u1y0xf/help_me_convince_my_wife_to_properly_invest_250k/">[comments]</a></span>Kind Regards R