What will you do with $30K?

Discussion in 'Community Discussion' started by McGiord, Mar 14, 2008.

  1. McGiord, Mar 14, 2008
    Last edited: Jan 30, 2011

    McGiord macrumors 601

    McGiord

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    Dark Castle
    #1
    Hi, I just sold an apartment and will dispose of $30K to invest, what you MR members recommend as a good investment?
    ________
    how to roll joints
     
  2. PowerFullMac macrumors 601

    PowerFullMac

    Joined:
    Oct 16, 2006
    #2
    A transfer of $30K to my account is always appreciated :D
     
  3. ErikCLDR macrumors 68000

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    Jan 14, 2007
  4. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #4
    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.
     
  5. Unspeaked macrumors 68020

    Unspeaked

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    Location:
    West Coast
    #5
    600 iPod Shuffles.

    It's too much to put in a Roth IRA.
     
  6. princealfie macrumors 68030

    princealfie

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    Location:
    Salt Lake City UT
    #6
    convert to euros and beat the devalued dollar amount now. then save it.
     
  7. 7on macrumors 601

    7on

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    Dress Rosa
    #7
    Euros/foreign currency is my vote.
     
  8. Koodauw macrumors 68040

    Koodauw

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    Madison
    #8
    I'd invest in more real estate. Good time to be a buyer.
     
  9. iSamurai macrumors 65816

    iSamurai

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    ɹǝpun uʍop 'ǝuɐqsı&#
    #9
    not so good if you think about the mortgage crisis... no one will buy properties if you want to sell your investment!
     
  10. liketom macrumors 601

    liketom

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  11. princealfie macrumors 68030

    princealfie

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    Location:
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    #11
    thanks that is the worst advice to the dude.
     
  12. Unspeaked macrumors 68020

    Unspeaked

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    #12
    A year or two back? Maybe.

    Now? Not so much.
     
  13. princealfie macrumors 68030

    princealfie

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    Location:
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    #13
    yes but this will protect you right now against the falling dollar for the next few decades.
     
  14. ZiggyPastorius macrumors 68040

    ZiggyPastorius

    Joined:
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    Location:
    Berklee College of Music
    #14
    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..
     
  15. Unspeaked macrumors 68020

    Unspeaked

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    Location:
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    #15
    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.
     
  16. Frisco macrumors 68020

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  17. MacDanielG macrumors member

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    Mar 7, 2008
    Location:
    FLA
    #17
    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.:)
     
  18. MacDanielG macrumors member

    Joined:
    Mar 7, 2008
    Location:
    FLA
    #18
    wait wait.... i think... this is by far... THE BEST comment I have ever seen!!!!

    lmao!!
     
  19. Mindflux macrumors 68000

    Mindflux

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  20. liketom macrumors 601

    liketom

    Joined:
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    Location:
    Lincoln,UK
    #20
    yep one of them would help you get rid of 30k


    i still think you should blow it on good times:D

    Travel is a good one ! round the world ticket + carbon offsetting
     
  21. ribbonthecat macrumors regular

    Joined:
    May 23, 2006
    Location:
    Chicago, IL
    #21
    Hire a 8 diamond prostitute for a night.

    Whoops, that was already suggested.
     
  22. MacDanielG macrumors member

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    Mar 7, 2008
    Location:
    FLA
    #22
    Now that I can agree on. Traveling is always fun...


    one day...... (hopefully)
     
  23. Melrose macrumors 604

    Melrose

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    Dec 12, 2007
    #23
    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.
     
  24. JNB macrumors 604

    JNB

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    Location:
    In a Hell predominately of my own making
    #24
    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.
     
  25. Melrose macrumors 604

    Melrose

    Joined:
    Dec 12, 2007
    #25
    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.
     

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