So I will be graduating in the Spring of next year (2018), and my parents have told me that they are willing to invest $300,000 USD in my name upon graduation as a gift. Their initial thought is to invest that money into a house in the United States.
I am currently living in Japan, and I plan to work in Japan after graduation, while my parents live in the United States. Their plan was to buy a house in the United States in my name and then rent that house out to somebody else, with the rent payments going into my bank account which I could use to help pay for rent here in Japan. I was curious if that was the best way to go about it, and my parents told me to suggest something if I had any other ideas.
I've read the commontopics and investing section of this subreddit's wiki. Would investing that $300,000 into some sort of index fund be a better course of action? What would be the best balance of investing part of that money for the long-term, while making part of it available for short-term use?
I will most likely be making no more than about $30,000 USD a year during my first few years on the job here in Japan, and I currently live in a about $1000 a month apartment (relatively cheap by Tokyo standards). My parents thought I could at least aim for a $2000-$3000 per month apartment. Considering my salary and my parents' investment, would this be a wise choice? Thank you in advance for any advice.
Submitted March 28, 2017 at 10:45AM by kagami77 http://ift.tt/2o7n8kQ
