sl0an1
sl0an1 t1_j9vchiq wrote
buying TQQQ or UPRO have the potential to get to a million without losing it all on Options and FDs. They're triple leveraged funds that track QQQ or SPY. You could lose it all if the market dropped 30%+ in a day, Decay will make you will lose money if QQQ doesnt gain more than 8%/year.
sl0an1 t1_j9vziev wrote
Reply to comment by Downtown-Fig602 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602
140k is a ton of money at your age. Dont be an idiot.
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Whatever you do, dont listen to 99% of the goobers on this sub (including me).
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Look into LEAPS if you want to gamble with Options and leverage.
Considerer DCA'ing over the next few months/year. If you want to buy your 50k car, buy it. Then take the 90k and put it into LEAPS or TQQQ over the next 6 months (buy $15,000 per month)
Otherwise be smart and boring and just buy plain Vanguard index funds like VGT or VOO.