So I just sold a vacation / short term rental, purchased in 2019 for $370k, just sold for $670. I don’t how much tax I’m going to owe, but it’s out of state so figuring two state tax bills and federal…. $80-100kish? But that tax bill wont be due until April 2027. Rather than just letting it sit I would like to take advantage of interest/ growth.
Want to avoid wall street bets, but better than HYSA, MMA, CD? I’m leaning towards index fund. I figure some people here have some good ideas and pitfalls to avoid… Thanks in advance
Where to park $100k for next year ?
byu/Apprehensive_Disk478 ininvesting
Posted by Apprehensive_Disk478
3 Comments
> Want to avoid wall street bets, but better than HYSA, MMA, CD? I’m leaning towards index fund. I figure some people here have some good ideas and pitfalls to avoid
I mean, you could put $100k into a stock index fund now, and lose half of it by April 2027. You good with that? Or how much are you good to lose between now and then?
Fxaix
SGOV is my suggestion. No state tax on your gains, just federal, and it’s a tick higher than most HYSAs and CDs.