Hi all,
I just sold my home in italy (I'm from there) and after taxes I'll net about 300k usd.
Now I'm not sure where to invest that money (and no i don'teant real estate I'mexciting it because it'sso much hasstle and pain and taxes vs just etf investing), my situation is the below and goal is to just increase networth so that if one day I don't want to worl i can just live off my portfolio:
Overview:
1) Age: 36 yo
2) Brokerage: 1.9m usd (already after tax as i live in a no capital gains country) invested as: 88% VT + 12% IBIT
3) Retirmenet account: 280k usd (pre tax – but tax at withdrawal is only about 6-7% where I leave and i can withdraw it whej I leave the country I'm in which is Switzerland).
4) Savings per month: 3.5-4.5k usd that goes to brokerage + 2k usd that goes to retirmenet account (35% me + 65% employer).
Gold coins: 30k usd (plan to sell them soon and put in brokerage)
What would you do with the proceeds of my house sale? Just contribute it to the brokerage or do something that long term could generate more money with more risk like a sector etf et? Any other opinions?
Proceeds of home sale – where to invest it?
byu/Helpful-Staff9562 ininvesting
Posted by Helpful-Staff9562