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Started By
Message
What would you do with 100k
Posted on 6/14/15 at 2:09 pm
Posted on 6/14/15 at 2:09 pm
100,000
.99
Cheeseburgers it is
.99
Cheeseburgers it is
This post was edited on 6/15/15 at 8:33 pm
10
Posted on 6/14/15 at 2:13 pm to Old Sarge
If you are good with real estate I would do that. If you don't know what you're doing I would stick it in an index fund and forget about it.
Posted on 6/14/15 at 2:16 pm to I Love Bama
quote:
If you are good with real estate
I'm not
Posted on 6/14/15 at 2:21 pm to I Love Bama
Option A or B depending upon the cash flow freed up by paying down that loan. Assuming all other cash available and investments are sufficient it have that 100k illiquid in a vacation home.
I personally would simply invest it after eliminating some other small debts.
I've been considering a vacation home/condo investment. I'd be interested in hearing your experience with it.
I personally would simply invest it after eliminating some other small debts.
I've been considering a vacation home/condo investment. I'd be interested in hearing your experience with it.
Posted on 6/14/15 at 2:32 pm to LSUtigerME
quote:
I've been considering a vacation home/condo investment. I'd be interested in hearing your experience with it.
It's a poor financial investment, it's actually an expense since it's only for personal use. But it's a wonderful quality of life investment, you can't put a price on time with family and relaxation.
When I retire I'll sell my main home, add that money to retirement savings and move into the vacation home.
Posted on 6/14/15 at 2:50 pm to Old Sarge
6% guaranteed return is not bad.
Posted on 6/14/15 at 2:52 pm to Old Sarge
I'd put a down payment on a boat if I work up tomorrow with an extra 100k
Posted on 6/14/15 at 3:04 pm to lynxcat
quote:
6% guaranteed return is not bad.
Remember it's tax deductible so the return for me is only around 4% to pay the loan down
Posted on 6/14/15 at 4:26 pm to Old Sarge
quote:
Remember it's tax deductible so the return for me is only around 4% to pay the loan down
Do you have a lot of itemized deductions? 6% interest on 150k$ isn't going to push you over the standard deduction if married (or at least not for long) unless you have a ton of itemized deductions
Posted on 6/14/15 at 4:36 pm to GenesChin
Yes, I have to itemize.
Posted on 6/14/15 at 6:00 pm to Old Sarge
S&P 500 Index fund
Posted on 6/14/15 at 6:22 pm to Porker Face
Why? It's underperformed the market over the last 15 years right?
Posted on 6/14/15 at 7:55 pm to I Love Bama
quote:
If you are good with real estate I would do that
end thread
Posted on 6/14/15 at 8:48 pm to Old Sarge
lendingclub notes
They are very short in duration, so if rates go up or the market crashes, you can use the cash flow from the notes to buy into whatever market looks good. A portfolio of moderate credit quality should yield 8-10% net of fees and losses.
I wouldn't plow all 100k in, but putting half in would make a lot of sense.
They are very short in duration, so if rates go up or the market crashes, you can use the cash flow from the notes to buy into whatever market looks good. A portfolio of moderate credit quality should yield 8-10% net of fees and losses.
I wouldn't plow all 100k in, but putting half in would make a lot of sense.
Posted on 6/14/15 at 10:09 pm to Old Sarge
Buy a Lambo
Posted on 6/15/15 at 12:55 am to Old Sarge
Two chicks at the same time
Posted on 6/15/15 at 8:55 am to Old Sarge
I would probably flip a house and acquire another rental.
Posted on 6/15/15 at 9:36 am to yellowfin
quote:
I'd put a down payment on a boat if I work up tomorrow with an extra 100k
Sen. Rubio?
Posted on 6/15/15 at 9:48 am to Old Sarge
I'd pay off student loans and cars, and use what's left to boost our emergency funds. Take the new monthly streams of income to pay mortgage down and fuel retirement accounts.
Posted on 6/15/15 at 9:57 am to Old Sarge
quote:
Option A: put the 100k towards the last 150k owed on a second(vacation) home which is financed at 6%. ( on pace to pay this one off in the next 6 years regardless)
If you want to keep the vacation home long term, I would probably throw $50k on the mortgage. That should speed up your payoff time frame a few years.
Then I would begin to DCA into the market with the remaining $50k.
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