Hi, I just sold an apartment and will dispose of $30K to invest, what you MR members recommend as a good investment?
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how to roll joints
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how to roll joints
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What will you do with $30K?
- Thread starter McGiord
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He was asking that.
Personally I think a Roth IRA would be great. That lump sum of cash is a great start. I think I'd stay away from finance stocks, it's just wacky now.
600 iPod Shuffles.
It's too much to put in a Roth IRA.
He was asking that.
Personally I think a Roth IRA would be great. That lump sum of cash is a great start. I think I'd stay away from finance stocks, it's just wacky now.
It's too much to put in a Roth IRA.
not so good if you think about the mortgage crisis... no one will buy properties if you want to sell your investment!
yes but this will protect you right now against the falling dollar for the next few decades.
As for the OP, if it were me, I'd take a grand or two out, buy something I'd really like, (In my case, I'd probably buy a Rickenbacker electric bass ) Then I don't know much about economics, so, other people can tell you how to save/invest it..
) Then I don't know much about economics, so, other people can tell you how to save/invest it..
If you're so confident the dollar will continue to fall, why don't you follow your own advice?
Also, how can you be so sure the Euro will be worth as much today as it will be in ten years, dollar or not?
They could both go down in a global recession, or the dollar could rise against the Euro in the right conditions.
If people could forecast the currency markets with the type of accuracy you're claiming, that would be uncanny.
I would recommend hiring an accountant or maybe speaking with someone with experience rather than posting such question on a bulletin board....
Just saying... if had 30k laying around I wouldn't be asking you guys for fiancial advice/solutions.
Just saying... if had 30k laying around I wouldn't be asking you guys for fiancial advice/solutions.
wait wait.... i think... this is by far... THE BEST comment I have ever seen!!!!
lmao!!
yep one of them would help you get rid of 30k
i still think you should blow it on good times
Travel is a good one ! round the world ticket + carbon offsetting
yep one of them would help you get rid of 30k
i still think you should blow it on good times
Travel is a good one ! round the world ticket + carbon offsetting
Now that I can agree on. Traveling is always fun...
one day...... (hopefully)
This may sound silly, but I'm being completely serious: Buy an Eric Clapton signature Martin guitar, the ones that go for over $3,000. Martins, given they are kept in good shape, and played regularly, only go up in value. It's an excellent investment. It's almost impossible to sound bad on those things...
Of course, once you try it you'll have to keep it, thus buy two: One to keep (and invest in) and one to play. The remaining $24,000 - put in a strong mutual fund.
Of course, once you try it you'll have to keep it, thus buy two: One to keep (and invest in) and one to play. The remaining $24,000 - put in a strong mutual fund.
As it's profit resulting from the sale of real estate, first ensure that you shelter it from capital gains taxes, regardless of the final choice. IIRC, you have two years from the sale to reinvest without penalty.
Actually, you're quite right. I forget what it's called, but there's a tax form you can fill out that will exempt you from paying taxes on a lump some if you are reinvesting it within a certain time frame. That alone would save hundreds in taxes... of course, that is if you plan on reinvesting.