Author Topic: So you came into $50,000 dollars.... (Read 12618 times)

Mr Nobody · « **Reply #75 on:** October 14, 2009, 03:23:52 PM »

Quote from: Wiggs on October 13, 2009, 09:23:08 PM

After your pay off all your bills, what do you do with the rest?

Just so we can get this out of the way, I'm not buying Jordans, Rims, bling or any other stupid stereotypical shit.

Serious question. How would you invest the money?

$50k wouldnt touch paying off the bills

bigdumbbell · « **Reply #76 on:** October 14, 2009, 03:29:50 PM »

i would suggest YOU to buy a property near a train station. i'd go to an auction and buy something

MB_722 · « **Reply #77 on:** October 14, 2009, 03:56:44 PM »

ROTH IRA, mutual funds ...

wait till shit hits the fan and invest in some stocks ... do your research now.

the time to buy is when there's blood in the streets

sync pulse · « **Reply #78 on:** October 14, 2009, 04:51:28 PM »

Quote from: Wiggs on October 13, 2009, 09:23:08 PM

After your pay off all your bills, what do you do with the rest?

Just so we can get this out of the way, I'm not buying Jordans, Rims, bling or any other stupid stereotypical shit.

Serious question. How would you invest the money?

What real estate market you live in?

Wiggs · « **Reply #79 on:** October 14, 2009, 05:55:58 PM »

Quote from: sync pulse on October 14, 2009, 04:51:28 PM

What real estate market you live in?

One of the worse hit....Las Vegas.

Signifying Monkey · « **Reply #80 on:** October 14, 2009, 06:35:45 PM »

Quote from: Mr Nobody on October 14, 2009, 03:23:52 PM

$50k wouldnt touch paying off the bills

I thought you were in college still, buckwheat. gambling problem?

Pete Nice · « **Reply #81 on:** October 14, 2009, 06:39:26 PM »

Quote from: Signifying Monkey on October 14, 2009, 06:35:45 PM

I thought you were in college still, buckwheat. gambling problem?

Option D · « **Reply #82 on:** October 15, 2009, 07:52:45 AM »

Quote from: MB_722 on October 14, 2009, 03:56:44 PM

ROTH IRA, mutual funds ...

wait till shit hits the fan and invest in some stocks ... do your research now.

the time to buy is when there's blood in the streets

dude thats the second time i heard that this month...i need some of that action

lax · « **Reply #83 on:** October 15, 2009, 07:55:53 AM »

Quote from: MB_722 on October 14, 2009, 03:56:44 PM

ROTH IRA, mutual funds ...

wait till shit hits the fan and invest in some stocks ... do your research now.

the time to buy is when there's blood in the streets

[/b]

smart man
don't expect most here to understand this

lax · « **Reply #84 on:** October 15, 2009, 07:57:35 AM »

Quote from: timfogarty on October 14, 2009, 12:45:21 PM

5 people this year, usually in the $10-$25 range. doesn't cover my bandwidth costs. over the years, there have been 3 people who have given very generous donations of many hundreds. People at the bb mags (both US and not) have told me they love my website, use it all the time. Wish they'd use that donation button now and then. (they don't even comp me mags)

that's pretty lame

@Brandon · « **Reply #85 on:** October 15, 2009, 08:47:11 AM »

50k is an annoying number.

Too much to spend on a night out at the Casino.

Too little to use for real estate,
and too little for spending time and energy to
make it increase. For example;wasting brainpower and time
with 50K on the stockmarket making a lousy few% gain every month
with the risk of it depreciating.

I would buy some nice 50K gift and give to my parents.

JasonH · « **Reply #86 on:** October 15, 2009, 09:16:37 AM »

Quote from: @Brandon on October 15, 2009, 08:47:11 AM

50k is an annoying number.

Too much to spend on a night out at the Casino.

Too little to use for real estate,
and too little for spending time and energy to
make it increase. For example;wasting brainpower and time
with 50K on the stockmarket making a lousy few% gain every month
with the risk of it depreciating.

I would buy some nice 50K gift and give to my parents.

That's why it's such a good question.

Me? I would pay $40,000 off my mortgage and blow the rest on a nice five-star holiday.

Quickerblade · « **Reply #87 on:** October 15, 2009, 10:09:47 AM »

Quote from: BigJ on October 15, 2009, 09:16:37 AM

That's why it's such a good question.

Me? I would pay $40,000 off my mortgage and blow the rest on a nice five-star holiday.

This is the best answer so far.

Coach is Back! · « **Reply #88 on:** October 15, 2009, 11:35:59 AM »

Musclememory (Tim Fogerty) has without a doubt the best current and archived sites in the world. Well worth a donation.

haider · « **Reply #89 on:** October 15, 2009, 04:00:06 PM »

Quote from: JME on October 13, 2009, 11:16:00 PM

As soon as Obama was elected e pulled almost everything out of our stocks and bought gold because we knew this f**k would try and take it. We obviously made the right move. We keep just enough in our accounts to pay bills.

RACIST post reported.

now for real, joe marino are you really that paranoid?

damn dude..

bigdumbbell · « **Reply #90 on:** October 15, 2009, 04:10:09 PM »

he put the gold into his teeth like all the other mexicans lol

jtsunami · « **Reply #91 on:** October 15, 2009, 04:13:49 PM »

Quote from: JME on October 13, 2009, 11:16:00 PM

As soon as Obama was elected e pulled almost everything out of our stocks and bought gold because we knew this f**k would try and take it. We obviously made the right move. We keep just enough in our accounts to pay bills.

it's no wonder someone so delusional melts down so hard so often requiring himself to change his username, jesus fuckin christ man, lay off the drugs.

jt

timfogarty · « **Reply #92 on:** October 15, 2009, 04:58:49 PM »

Quote from: JME on October 15, 2009, 11:35:59 AM

Musclememory (Tim Fogerty) has without a doubt the best current and archived sites in the world. Well worth a donation.

thanks. let me go check my paypal account...history for last six months...two donations received...total $45

Coach is Back! · « **Reply #93 on:** October 15, 2009, 05:38:22 PM »

Twink JTsunami, keep quiet girl, until you can go out an earn a living to support yourself and your boyfriend, keep quiet. The only money you've got is the $20 per week your parents give you for allowance.

Signifying Monkey · « **Reply #94 on:** October 15, 2009, 05:40:05 PM »

Quote from: bigdumbbell on October 15, 2009, 04:10:09 PM

he put the gold into his teeth like all the other mexicans lol

lol

Earl1972 · « **Reply #95 on:** October 15, 2009, 05:41:21 PM »

Quote from: jtsunami on October 15, 2009, 04:13:49 PM

it's no wonder someone so delusional melts down so hard so often requiring himself to change his username, jesus fuckin christ man, lay off the drugs.

jt

LOL

E

jtsunami · « **Reply #96 on:** October 15, 2009, 05:51:45 PM »

Quote from: JME on October 15, 2009, 05:38:22 PM

Twink JTsunami, keep quiet girl, until you can go out an earn a living to support yourself and your boyfriend, keep quiet. The only money you've got is the $20 per week your parents give you for allowance.

@Brandon · « **Reply #97 on:** October 15, 2009, 08:28:24 PM »

Quote from: BigJ on October 15, 2009, 09:16:37 AM

That's why it's such a good question.

Me? I would pay $40,000 off my mortgage and blow the rest on a nice five-star holiday.

Good answer.

The thing is, I already am on a permanent five-star holiday.
I cant tell my friends in Europe, they would hate me.

webcake · « **Reply #98 on:** October 15, 2009, 08:37:17 PM »

Quote from: @Brandon on October 15, 2009, 08:28:24 PM

Good answer.

The thing is, I already am on a permanent five-star holiday.
I cant tell my friends in Europe, they would hate me.

For $50k you could buy a few more Mitsubishi Tritons.....

Crossbow · « **Reply #99 on:** October 16, 2009, 12:03:22 AM »

Quote from: Wiggs on October 13, 2009, 09:23:08 PM

After your pay off all your bills, what do you do with the rest?

Just so we can get this out of the way, I'm not buying Jordans, Rims, bling or any other stupid stereotypical shit.

Serious question. How would you invest the money?

We are at a very tricky point in economic history when it comes to investing.
- Can you trust the recent rise of the stock market ?
- With low interest rates you can't get much out of deposits and bonds.
- Gold and other commodities had a good run - Good for people who had them, but is it not too late to enter now ?
- Has the housing market really bottomed ?

Even the best experts don't know what to do with their cash at the moment - most of them just won't admit it.
So the last thing I would do is follow the "good ideas" of others, because they don't know more about the future than you or I do.

What you can do however is start reading more about the state of the world from an economic point of view to understand the mechanisms of the financial / economic system better before investing in anything and then form your own opinion. But before doing so, really take a step back and look at the big picture of what is really happening in the world. Have a read at the "Optimism? For the time being." article (or listen to it in your car as a podcast or MP3).
You can download it here: http://www.wegelin.ch/medien/anlagekommentar.asp
Also have a look at the older articles on their website.

(I am by no means associated with the company that published that article, nor do I know anybody working there, but I find their economic commentaries to be among the best you can find. They often get quoted in the Financial Press and are even used in some leading business schools)