Unbearable oversight

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Anonymous
Unbearable oversight 2016-07-16 14:44:51 Post No. 1385150
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Unbearable oversight Anonymous 2016-07-16 14:44:51 Post No. 1385150 [Report]

Ok /biz/ I have around 37,000 USD in the form of a trust which was set up by my grandfather before he passed away. It was specifically to be used for college and to buy me a car, however I opted to work to pay for my car and currently am paying for college.

Now this trust has slowly been withdrawn from by the other person named on it (my dad) to pay for things he dubs as "stuff I should be paying for." I want to take this 37,000 and do something with it rather than have it sitting in a just above inflation account basically rotting but everytime I make an attempt to take some of it and invest it the other name refuses to let me.

Bit of back story: My dad is a fucking dumbass and cant manage money for shit ( He nearly lost everything when he was in his 30's) and thinks Im going to incinerate it all by dumping it all into brazillian copper mine penny stocks or some shit.

So Im turning to you /biz/

What the fuck should I be doing with this money?

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Anonymous 2016-07-16 14:52:07 Post No.1385157
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Anonymous 2016-07-16 14:52:07 Post No.1385157 [Report]

>>1385150
Use it to move out of your dad's place.

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Anonymous 2016-07-16 14:56:49 Post No.1385163
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Anonymous 2016-07-16 14:56:49 Post No.1385163 [Report]

>>1385157

I'm already out. Forgot to mention that. Things he means I should be paying for this includes cell bill, health insurance, and auto. I already considered getting off his plans but that would just hurt me because it covers alot.

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Anonymous 2016-07-16 15:03:06 Post No.1385169
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Anonymous 2016-07-16 15:03:06 Post No.1385169 [Report]

>>1385163
use US Mobile

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Anonymous 2016-07-16 15:05:59 Post No.1385172
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Anonymous 2016-07-16 15:05:59 Post No.1385172 [Report]

>>1385150
If I had that much money in the bank, I'd do this:
>http://earlyretirementextreme.com/wiki/index.php?title=Permanent_Portfolio

I doubt you want to speculate with that or lose any of it. If you are fine with slow and steady go with this. If you can add to it over time even better.

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Anonymous 2016-07-16 15:46:39 Post No.1385209
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Anonymous 2016-07-16 15:46:39 Post No.1385209 [Report]

>>1385150
>thinks Im going to incinerate it all by dumping it all into brazillian copper mine penny stocks or some shit.
he might be right, given where you're casting about for advice

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Anonymous 2016-07-16 15:54:46 Post No.1385216
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Anonymous 2016-07-16 15:54:46 Post No.1385216 [Report]

>>1385209
hahah literally came here to post that
>my dad thinks im going to burn 37K
>so i come to 4chan to prove him wrong
Bro, lol.

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Anonymous 2016-07-16 16:02:11 Post No.1385226
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Anonymous 2016-07-16 16:02:11 Post No.1385226 [Report]

>>1385216

Eh I guess you guys have a point. I'll just play around with the small money I can save up on the side rather than risk vaporizing my emergency shekels.

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Anonymous 2016-07-16 16:22:55 Post No.1385262
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Anonymous 2016-07-16 16:22:55 Post No.1385262 [Report]

Put it all in MGT

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Anonymous 2016-07-16 19:52:51 Post No.1385690
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Anonymous 2016-07-16 19:52:51 Post No.1385690 [Report]

>>1385150
You're a retarded millennial

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Anonymous 2016-07-16 19:58:03 Post No.1385696
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Anonymous 2016-07-16 19:58:03 Post No.1385696 [Report]

>>1385209
>>1385216
>4chan is a place where you only get moronic advice lelelel

Top meme.

OP, move the fuck away and invest in low-cost index funds.

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Anonymous 2016-07-16 19:58:07 Post No.1385698
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Anonymous 2016-07-16 19:58:07 Post No.1385698 [Report]

>>1385150
Download Markets.com and put it all in the American Index, Leave it there and retire when you're 45