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$20 grand to invest what are you doing?

Posted on 4/23/17 at 5:14 pm
Posted by mpar98
Baton Rouge
Member since Jan 2006
8034 posts
Posted on 4/23/17 at 5:14 pm
Whats fun to do other than dumping it into the 401k?
This post was edited on 4/23/17 at 5:15 pm
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40826 posts
Posted on 4/23/17 at 5:16 pm to
Put 5500 in a Roth IRA then the rest in a 401K?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75130 posts
Posted on 4/23/17 at 5:19 pm to
Gold
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6545 posts
Posted on 4/23/17 at 5:26 pm to
Pre-licensing insurance business.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 4/23/17 at 5:32 pm to
pay off debt

bad arse vaca

hookers and blow

SCHD

VYM

VUG

EXXI

Dinar
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/23/17 at 5:32 pm to
swing for the fences, TSLA all in, go for the big gainer, life is too short to be conservative.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26574 posts
Posted on 4/23/17 at 5:44 pm to
In that case you go for Ethereum
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/23/17 at 5:48 pm to
Fair enough I still think tesla has many multiples of today potential and it's still cheap at $300
Posted by birdieman
New Orleans
Member since Dec 2012
1647 posts
Posted on 4/23/17 at 6:06 pm to
Especially if your uncle gave you everything you have. Right, dbf? Swing for the fences.
Posted by Popths
Baton Rouge
Member since Aug 2016
3964 posts
Posted on 4/23/17 at 6:26 pm to
Put it all on black.
Posted by Decisions
Member since Mar 2015
1471 posts
Posted on 4/23/17 at 6:40 pm to
You could always buy a working interest in an oil well.
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 4/23/17 at 6:46 pm to
If I found 20k in my mailbox tomorrow....

5500 into IRA
10000 into home improvement
2500 to pay off meaningless debts
1000 to checking/savings accounts
1000 fun money

Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/23/17 at 7:21 pm to
quote:


Especially if your uncle gave you everything you have. Right, dbf? Swing for the fences.


Am I the only person on earth who has had money passed down to them? Im going to be passing wealth on to someone else to, you sound so salty everytime you reference me. Im sorry your ancestors weren't worth a shite. As for me, Ive expanded from 3 commercial properties to 7 and built a whole portfolio of residential rentals, so I've done a pretty good job of growing what I started with.

With that said Tesla is less risky than Ford or GM at this point, there's more of a chance those 2 are fractions of their size today in 15 years while tesla could be one of if not the biggest companies on the planet. Sure the books look off today, but ford and gm stock have gone nowhere for years for a reason, meanwhile tesla is at all time highs and going higher.
This post was edited on 4/23/17 at 7:22 pm
Posted by Geauxnoose
Member since Dec 2015
538 posts
Posted on 4/23/17 at 7:44 pm to
Wait another week, and buy United Airlines stock. Ride it up.
This post was edited on 4/23/17 at 7:54 pm
Posted by bayoubengals88
LA
Member since Sep 2007
18879 posts
Posted on 4/23/17 at 7:50 pm to
quote:

Whats fun to do other than dumping it into the 401k?

put it on one stock. two at the most. Diversification is for people who think they're doing the right thing. Risk is the only way to get ahead.

NFLX
FB
TSLA
AMZN
GOOG

Pick one...
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/23/17 at 8:22 pm to
smart man, diversification is for the lazy and uneducated.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75130 posts
Posted on 4/23/17 at 8:23 pm to
STFU
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 4/23/17 at 8:31 pm to
Born on third and thinks he hit a triple.

You're a new money douche and nothing more.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75130 posts
Posted on 4/23/17 at 8:56 pm to
quote:

You're a new money douche and nothing more.


Exactly
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 4/23/17 at 8:58 pm to
Lol lots of great men in history were born with a silver spoon,im not the first and I'm not the last, but if I'm such an idiot why do so many on here seek out my investment opinions? Also Paul Allen, cry me a river I bet a portfolio of 1 stock you pick Amazon or google outperforms a diversified index like the s&p over the next decade. You're the one who should stfu if you say otherwise. Hell google is safer the s&p, they've got $100b in cash and fcf of $3m/hour I believe while the bulk of the companies in the s&p are barely growing and only boosting shares via buybacks so stfu you have no idea what you're discussing.
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