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Updated over 4 years ago,

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5
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1
Votes
Michael Judkins
1
Votes |
5
Posts

Newb with $70 in cash but tied up in a C-corp

Michael Judkins
Posted

The $70k in cash is tied up in a C-corp that I am the sole owner of and they are from my own 401k (funded via ROBS financing). The original business idea (an internet business) failed, and now Im left with $70k from liquidating the assets. My choices are to either roll it all back into my 401k and wind up the c-corp, or invest the funds into real estate (short or long term rentals or maybe crowdfunding some other type of asset class), roll the dice with another online venture (which is my wheelhouse but after losing a bunch of money this last time Im hesitant), or something else like stocks or bonds. Im currently 43 years old. If you were in my position, what would you do and why?

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