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re: IF you had 75k laying around what would you do with it?

Posted on 1/8/09 at 11:12 am to
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 1/8/09 at 11:12 am to
quote:


two chicks at the same time

You could probably hook that up with $75k.

shite, you could probably go to Fred's on any given Friday night and hook that up with $75 worth of Jager bombs.

I'm not saying these ladies will be supermodels, of course...

Posted by BHSRAMS
Bastrop
Member since Jul 2007
163 posts
Posted on 1/8/09 at 11:08 pm to
Yes i own a house. Rate at 5.875%. Not a whole lot of debt a few credit cards. My truck is payed for and the wife's suburban will be paid for at the end of this year. Owe 1200 on the 4-wheeler. I know i am going to pay the first year of tuition to private school for the kids as you get a small break by paying yearly. Would like to invest half of it but I'm not very knowledgable about this. The other half will pay down credit cards and pay off other debt. Maybe around 18,000(tuition incl. in this) total. Will have about 10 or 12 left to put in interest earning saving. The first half is really what i need help with.
This post was edited on 1/8/09 at 11:10 pm
Posted by Chicken
Jackassistan
Member since Aug 2003
22046 posts
Posted on 1/8/09 at 11:57 pm to
depending on the interest rates, you should pay off the credit cards, your wife's car and the four wheeler?

Do you have a year of living expenses already saved up?
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31160 posts
Posted on 1/9/09 at 12:13 am to
Put it in a bank and hope it doesn't go under.
Posted by BHSRAMS
Bastrop
Member since Jul 2007
163 posts
Posted on 1/9/09 at 12:41 am to
Living expenses = no
I was also thinking that since i don't have many months left on the 4-wheeler and Suburban that i would just pay for it out of the monthly budget and not spend my cash on it.
Posted by Chicken
Jackassistan
Member since Aug 2003
22046 posts
Posted on 1/9/09 at 3:21 pm to
quote:

I was also thinking that since i don't have many months left on the 4-wheeler and Suburban that i would just pay for it out of the monthly budget and not spend my cash on it.
how much does the debt for the 4-wheeler, credit cards and suburban equal?
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 1/9/09 at 4:34 pm to
quote:

IF you had 75k laying around what would you do with it?


put it all on black

let it riiiiiiiiiiiiiiiiide
Posted by Zach
Gizmonic Institute
Member since May 2005
112611 posts
Posted on 1/9/09 at 4:40 pm to
quote:

Would like to invest half of it but I'm not very knowledgable about this.

When I was young I had a very simple rule of long term investment that served me well. Invest in companies...blue chips...that you are confident will be around for 30 years.
My picks were Texaco (now Chevron) and Proctor and Gamble.
It's a simple "buy and hold" strategy and it's safe, doesn't require broker fees and you can always buy another non related stock...I bought United Technologies last year.
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 1/9/09 at 7:01 pm to
Yeah, the 'buy and hold' strategy has worked well for folks the last couple of years.
Posted by tigeralum06
Member since Oct 2007
2789 posts
Posted on 1/9/09 at 7:22 pm to
go into the asian/australian/european market


get out of the dollar
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 1/9/09 at 7:37 pm to
I am keeping enough dollars to go long oil when I think it will make a move up. Oil is denominated in dollars so Americans will need dollars to play in oil if currency controls are put into effect. At least, thats my take today. These guys are making it up as they go so tomorrow I might see it differently. One day at a time.
Posted by BallyHOO
Member since Oct 2005
6845 posts
Posted on 1/9/09 at 10:10 pm to
I'd take the Titans to the Super Bowl.
Posted by True23Tiger
Shreveport
Member since Nov 2007
1803 posts
Posted on 1/9/09 at 11:05 pm to
coke n hores
Posted by Hugh Manatee
Parts Unknown
Member since Jul 2008
51 posts
Posted on 1/11/09 at 2:31 pm to
invest it in TAF points
This post was edited on 1/11/09 at 2:37 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/11/09 at 10:35 pm to
quote:

You could probably hook that up with $75k.


Decent-looking ones in their early 20's, even. But not worth the price.
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 1/11/09 at 11:03 pm to
quote:

I'd take the Titans to the Super Bowl.

But only b.c of yesterday. Epic fail.
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