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Started By
Message
Where would you put $50,000?
Posted on 9/29/08 at 3:27 pm
Posted on 9/29/08 at 3:27 pm
Say you had $50k to do with just about whatever you wanted, where would you invest it right now?
7
Posted on 9/29/08 at 3:27 pm to tgrbaitn08
beer.
Posted on 9/29/08 at 3:28 pm to tgrbaitn08
CD with JP Morgan Chase
Posted on 9/29/08 at 3:28 pm to tgrbaitn08
bank account or US Treasuries.
Posted on 9/29/08 at 3:30 pm to Colonel Hapablap
Wouldn't now be a good time to buy stock?
Posted on 9/29/08 at 3:30 pm to tgrbaitn08
I would buy some RE in Las Vegas. They said we were at the bottom of this mess so it must go back up soon, right? Anyone?
joke
joke
Posted on 9/29/08 at 3:33 pm to tgrbaitn08
quote:no, i don't think we've hit bottom yet.
Wouldn't now be a good time to buy stock?
Posted on 9/29/08 at 3:35 pm to tgrbaitn08
Eurobonds, food companies, & preferreds?
Posted on 9/29/08 at 3:37 pm to Lou
I agree, I'm thinking just letting it sit in a CD or money market account for a while and wait and see what happens
Posted on 9/29/08 at 3:38 pm to Doc Fenton
quote:
Eurobonds, food companies, & preferreds?
I don't know ,that's why I was asking
Posted on 9/29/08 at 3:38 pm to Lou
wow then what is the bottom? are we potentially looking a the next depression? what does this mean for Lousiana and the Oil and gas sector. I felt with the price of oil and all the plants and firms designing and building we were pretty sheltered. But if the demand falls to the floor, no reason to build and produce at a high level right?
Posted on 9/29/08 at 3:40 pm to tgrbaitn08
Neither do I. The "dunno" guy was genuine questioning on my part, not sarcasm.
Posted on 9/29/08 at 3:42 pm to back9Tiger
quote:
I felt with the price of oil and all the plants and firms designing and building we were pretty sheltered.
We are IMO too but there will still be a pretty big fallout if the credit market is non existent
Posted on 9/29/08 at 3:43 pm to stout
quote:
credit market is non existent
that could be very bad.
Posted on 9/29/08 at 3:45 pm to tgrbaitn08
quote:that's exactly what I'd do. you could also pay off your mortgage - at least you'd be getting 6% there (or whatever your rate is) but with a possible depression I'd hold on to every penny I have until there's some sign of stability.
I agree, I'm thinking just letting it sit in a CD or money market account for a while and wait and see what happens
Posted on 9/29/08 at 3:48 pm to Lou
Personally, I would retire some debt. It's time to be lean & mean.
Posted on 9/29/08 at 3:50 pm to Taggart
What i have is what "they" call "good debt" student loans, SBA loan, other than that my mortgage is 5.5% which is good IMO
Posted on 9/29/08 at 3:53 pm to tgrbaitn08
quote:
What i have is what "they" call "good debt"
Me too. I'm still gonna focus on getting rid of it, until someone gives me a better idea of what to do with extra cash,
Posted on 9/29/08 at 3:57 pm to Y.A. Tittle
i would spend $50,000 on a coin operated car wash in the hood
that is an investment that will pay nice returns
that is an investment that will pay nice returns
Posted on 9/29/08 at 3:57 pm to tgrbaitn08
tgrbaitn08 - Sounds like you are in a better porition than most. For now, I would still treat this money as a "rainy day" fund for emergency purposes only & stick it in a CD somewhere or knock out debt.
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