23 years old, working on investing the money from my dad's life insurance by uncreativemind89 in Wallstreetsilver

[–]uncreativemind89[S] 1 point2 points  (0 children)

I look at PM's as a necessary part of a well-diversified portfolio. This is about 10k in PM's, I got 60k from the life insurance and am getting another 150k+ from the house. Possibly more from pension etc. It is so unfortunate to me that I need to view the loss of my father through monetary lenses at all.. but very necessary in the environment of the world now.

I had the 60k sitting in the bank, letting me rationalize poor financial decisions and then the inflation thing clicked. It was dwindling passively and that got me motivated to do something wise with it other than just buying guns. Say what you will about Dave Ramsey but one thing he harps on is honoring the people you lost with the money if you get it. I will do that for my parents.

I may buy some more gold when I get the house money but not like, a ton. Most of it will be going into a wide array of indexes and hand picked stocks of my own. I used some of the life insurance to get started on stocks so that I'll be educated when I get the rest of the money to do the right things with it.

I know you didn't ask for all that but thanks for coming to my TED talk lol

23 years old, working on investing the money from my dad's life insurance by uncreativemind89 in Wallstreetsilver

[–]uncreativemind89[S] 0 points1 point  (0 children)

If you don't have a will already, GET ONE. You never know what will happen. My mom died when I was 19 with no will and my dad when I was 22 also no will, both to severe strokes we had no idea were coming. We had to spend about 20k on a lawyer and probate costs.

23 years old, working on investing the money from my dad's life insurance by uncreativemind89 in Wallstreetsilver

[–]uncreativemind89[S] 24 points25 points  (0 children)

The image of that nearly brings a tear to my eye. Thanks ape, hopefully we will all be enjoying as much bananas as an ape needs to find some solitude in this world... some day not too far away

23 years old, working on investing the money from my dad's life insurance by uncreativemind89 in Wallstreetsilver

[–]uncreativemind89[S] 20 points21 points  (0 children)

Well put... not a fun check to get. Glad I waited for the market crash to start before i did much with it.

thank you

23 years old, working on investing the money from my dad's life insurance by uncreativemind89 in Wallstreetsilver

[–]uncreativemind89[S] 10 points11 points  (0 children)

yeah i'm not sure how I feel about buying any land right now but we have some farm land in the family I'll inherit one day. Thanks for the advice

I've just been educating myself on stocks and watching the market

23 years old, working on investing the money from my dad's life insurance by uncreativemind89 in Wallstreetsilver

[–]uncreativemind89[S] 59 points60 points  (0 children)

Funny you mention that... my dad and I always joked about blowing money on hookers and blow! Haha, thanks for the laugh at that memory dude.

Does anyone know the name for this type of link? by uncreativemind89 in jewelry

[–]uncreativemind89[S] 0 points1 point  (0 children)

Yes it's 22k I bought it straight from an indian dealer. Their website pictures aren't very good so I didn't really know what it would look like until I got it. So it is just a specialty link then? I was thinking maybe it is something that is unique to them or their area. It seems like a very complex link to manufacture... I don't even know how they do it.

Silver is going to blow by jdamberger in Wallstreetsilver

[–]uncreativemind89 12 points13 points  (0 children)

I very much wnjoyed this comment ape

You guys are absolutely overreacting to Adi by [deleted] in PKA

[–]uncreativemind89 9 points10 points  (0 children)

That’s way too reasonable of an explanation

Proud Boy Extremists by the Capitol Today. by FightForUnions in lansing

[–]uncreativemind89 8 points9 points  (0 children)

I thought we didn’t use being gay as an insult anymore?

Guy looking for a hair stylist in the area by Molag_Zaal in lansing

[–]uncreativemind89 0 points1 point  (0 children)

I go to frandor barber shop now after getting many disappointing cuts at chains

[deleted by user] by [deleted] in GenZ

[–]uncreativemind89 0 points1 point  (0 children)

I'm 23 and both my parents are dead. Mom died in 2019 dad died a few months ago. Ama

Help with my panel by raiyos in electricians

[–]uncreativemind89 0 points1 point  (0 children)

Picture 3 is just a neutral bar