What to invest $3,000 in? | TigerDroppings.com

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texastiger921
LSU Fan
Baton Rouge
Member since Nov 2012
178 posts

What to invest $3,000 in?



saving some money up and wondering if I should invest, any quick ideas? long term?








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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
33549 posts
 Online 

re: What to invest $3,000 in?


quote:

saving some money up and wondering if I should invest, any quick ideas? long term?



I don't want to insult you, but $3,000 is nothing. Do you have an emergency fund of 3 to 6 months of your expenses? $3,000 would be a good start to that.

Also, if you have credit card balances or a car loan, that would provide instant help.

If you really want to invest it, pick a good index fund that tracks the S&P 500, for a long-term (10 to 25 year) investment.

Short term would depend on your tolerance for risk and expectation for gain.






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texastiger921
LSU Fan
Baton Rouge
Member since Nov 2012
178 posts

re: What to invest $3,000 in?


I agree $3,000 is child's play.





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
33750 posts

re: What to invest $3,000 in?


Exactly what ace said





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Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
12463 posts

re: What to invest $3,000 in?


M1 Garand and 1911





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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
455 posts

re: What to invest $3,000 in?


quote:

Exactly what ace said






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LSUengineer'12
LSU Fan
The Best Side
Member since Dec 2011
939 posts

re: What to invest $3,000 in?


quote:

M1 Garand and 1911


Forget Ace! THIS!!!






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LSUengineer'12
LSU Fan
The Best Side
Member since Dec 2011
939 posts

re: What to invest $3,000 in?


Texastiger I'm in the same boat. Just sold my old truck for $5k cash. I've got two large debts. Rental Property and Truck. I'm comfortable in paying both of those as of now, so I stuck the $5k in the bank strictly to save.

Stuck 4 in reg savings and 1 in my rental property emergency savings (for repairs and what not)



This post was edited on 10/2 at 9:24 am


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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
33549 posts
 Online 

re: What to invest $3,000 in?


quote:

Forget Ace! THIS!!!



There are times when I encourage people to invest in shotguns and canned goods - however, I figure everybody got that in the 10 months since Sandy Hook.







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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: What to invest $3,000 in?


do you collect art? might could get a small blue dog in that price range.





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
72717 posts

re: What to invest $3,000 in?


quote:

What to invest $3,000 in?


a nice dinner with the wife






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LSUengineer'12
LSU Fan
The Best Side
Member since Dec 2011
939 posts

re: What to invest $3,000 in?


OR
quote:

a nice Vacation with the wife






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thedogman
New Orleans Saints Fan
Member since Dec 2008
1512 posts

re: What to invest $3,000 in?


Buy two used trailers (mobile homes) and finance them to someone for $3000.00 a piece at 10% interest, with 10% down for 2-3 years.





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iknowmorethanyou
LSU Fan
Paydirt
Member since Jul 2007
4667 posts

re: What to invest $3,000 in?


Red





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dewster
Maryland Fan
Member since Aug 2006
9247 posts

re: What to invest $3,000 in?


$3000 meets or exceeds the min in a wide selection of mutual funds. What are your goals?

I'd check out a low costs S&P index fund for long term. I go through Vanguard for mine. If you go paperless with them the fees are lower.



This post was edited on 10/2 at 1:15 pm


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brbowhunter
LSU Fan
baton rouge
Member since Apr 2013
843 posts

re: What to invest $3,000 in?


buy used cars and double that money in 2 weeks





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Alabama Slim
Alabama Fan
2009,2011 BCS National Champions
Member since Jul 2007
9486 posts

re: What to invest $3,000 in?


buy 30 houses in Detroit





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Five0
USA Fan
Member since Dec 2009
5758 posts
 Online 

re: What to invest $3,000 in?


quote:


I don't want to insult you, but $3,000 is nothing. Do you have an emergency fund of 3 to 6 months of your expenses? $3,000 would be a good start to that.

Also, if you have credit card balances or a car loan, that would provide instant help.

If you really want to invest it, pick a good index fund that tracks the S&P 500, for a long-term (10 to 25 year) investment.

Short term would depend on your tolerance for risk and expectation for gain.


Mr Ramsey I presume?






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FootballNostradamus
Clemson Fan
Member since Nov 2009
14421 posts

re: What to invest $3,000 in?


A good night at the bar





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LSUBrad5277
LSU Fan
North Louisiana
Member since Jan 2011
12640 posts

re: What to invest $3,000 in?


Bury it in a coffee can in the back yard.





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