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What will you do with $30K?
- Thread starter McGiord
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It's a AWESOME time to buy real estate. Some unbelievable deals out there right now.
You should listen to Donald Trump. He hasn't been in bankruptcy more than once.
take it from the smart 17 year old.
in the past 2 days alone, I pulled down 800 on my 40k investment. Maybe I'm just lucky, maybe I have a nack for investment's, or maybe I just wanted it!
I have good strategy and of all thing's to get in, seriously, GOLD! any commodities really.
except a few. I am not quiet done analyzing that market though
feel free to message me and we can discuss. but now, I got homework to do
GREG
in the past 2 days alone, I pulled down 800 on my 40k investment. Maybe I'm just lucky, maybe I have a nack for investment's, or maybe I just wanted it!
I have good strategy and of all thing's to get in, seriously, GOLD! any commodities really.
except a few. I am not quiet done analyzing that market though
feel free to message me and we can discuss. but now, I got homework to do
GREG
Yep, gold all the way. Get a couple of big bars like in the cartoons and put 'em in a swiss bank.
You know 'gold bars' weight - in roughly 27.4 lbs each.. roughly $441k (US price) @ the time of this post..
Me: i'd pay off my debt and invest the rest very wisely ...
Well CD rates are really low, so is any interest based investment. The Euro is a good choice if you want to put that much in it. If you have more, real estate is about as low as it should get for a while, so if you want a long term, go find a piece of property and hold onto it for a while.
Well, considering I don't actually know anything about investing...
I'd get something that you need/want that will last for a long time, such as a car. Something that you would ordinarily have to take out a loan for. You've got some cash, might as well use it now instead of making payments later.
Then take whatever's left over and put it in a CD or something.
I'd get something that you need/want that will last for a long time, such as a car. Something that you would ordinarily have to take out a loan for. You've got some cash, might as well use it now instead of making payments later.
Then take whatever's left over and put it in a CD or something.
I would speak to your financial advisor to look at how much you should invest and what it will mean wrt tax implications on the sale (ie. does it count as income for where you live?).
For example, in Canada, you can tuck x amount away in an RRSP - it can help increase your tax break.
but, if I had any debt, I would put some down on that first or clear it. debt is the worst thing (a house is ok, but not credit cards or other debts
Cheers and congrats on the sale,
Keebler
For example, in Canada, you can tuck x amount away in an RRSP - it can help increase your tax break.
but, if I had any debt, I would put some down on that first or clear it. debt is the worst thing (a house is ok, but not credit cards or other debts
Cheers and congrats on the sale,
Keebler
30k
Commodities are probably a bad idea. They've been on a run too long and the end is probably near. I would slowly put the portion of the money you decide to save into one or two low-cost mutual funds (check out Vanguard). Take your pick of type. They have been going down for a while and will probably continue to do so for a while. A couple of times in your life you will get a chance to invest in a market that has had a major pull-back. If you are lucky you will have the means and the balls to get in at such a time. The payoff will help you when you eventually retire. Generally, if you are a long-term investor, you want to look at investments that are out of favor, not those where you will be late following-the-leader investing just in time to buy at the most expensive time.
On the other hand, the US could be in a long decline which will be followed by a meteor impact killing us all. In this case, you should buy recreational chemicals and enjoy yourself till the end.
Mooch
Commodities are probably a bad idea. They've been on a run too long and the end is probably near. I would slowly put the portion of the money you decide to save into one or two low-cost mutual funds (check out Vanguard). Take your pick of type. They have been going down for a while and will probably continue to do so for a while. A couple of times in your life you will get a chance to invest in a market that has had a major pull-back. If you are lucky you will have the means and the balls to get in at such a time. The payoff will help you when you eventually retire. Generally, if you are a long-term investor, you want to look at investments that are out of favor, not those where you will be late following-the-leader investing just in time to buy at the most expensive time.
On the other hand, the US could be in a long decline which will be followed by a meteor impact killing us all. In this case, you should buy recreational chemicals and enjoy yourself till the end.
Mooch
What I would do with 30k...
-Invest half of it to hopefully make another 30k.
-Buy 4GB ram and an internal 250GB hard drive.
-Keep the rest for a car when I get my license.
-Invest half of it to hopefully make another 30k.
-Buy 4GB ram and an internal 250GB hard drive.
-Keep the rest for a car when I get my license.