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Started By
Message
IF you had 75k laying around what would you do with it?
Posted on 1/8/09 at 5:00 am
Posted on 1/8/09 at 5:00 am
What type of investment would you look at?
9
Posted on 1/8/09 at 5:12 am to BHSRAMS
two chicks at the same time
Posted on 1/8/09 at 5:32 am to BHSRAMS
Pay off student loans and my car.
The rest would go to hookers and blow.
The rest would go to hookers and blow.
Posted on 1/8/09 at 5:43 am to shel311
quote:
Pay off student loans and my car.
The rest would go to hookers and blow.
NO student loans and truck is paid for.
Married
This post was edited on 1/8/09 at 5:44 am
Posted on 1/8/09 at 6:17 am to BHSRAMS
Exxon- they are buying Shell and experts are predicting the price of Oil will go back to $150
IRM- just added to S &P 500 index- little known company whose customer base is 80% fortune 500 companies
Cash- considering the crazy economy- a nest egg needs a little more fluffing up
Charity- when you have an abundance- share some with the less fortunate.. The return is greater than any other investment.
IRM- just added to S &P 500 index- little known company whose customer base is 80% fortune 500 companies
Cash- considering the crazy economy- a nest egg needs a little more fluffing up
Charity- when you have an abundance- share some with the less fortunate.. The return is greater than any other investment.
Posted on 1/8/09 at 7:06 am to 756
WAG...After the inauguration I am expecting a move up in crude oil.
My theory is that OPEC and the independents will claim that they have removed enough oil (production) from the market to drive prices up evem with decreased demand. I do not expect it to make a huge move, like to $150, but I don't have a crystal ball that works cause the repair shop has laid off help.
The decreased production argument makes some sense because marginal producers on some off shore rigs have a $70-80 floor under production. Less than that amount per bbl will not be profitable.
I will probably go long oil next spring well before the fourth of July/peak driving season.
With all the dollar printing going on the price of oil, inflation adjusted, might not go up but in notional amount it might.
Long oil $70 might be a safe bet or I could lose some money. Wouldn't be the first time.
My theory is that OPEC and the independents will claim that they have removed enough oil (production) from the market to drive prices up evem with decreased demand. I do not expect it to make a huge move, like to $150, but I don't have a crystal ball that works cause the repair shop has laid off help.
The decreased production argument makes some sense because marginal producers on some off shore rigs have a $70-80 floor under production. Less than that amount per bbl will not be profitable.
I will probably go long oil next spring well before the fourth of July/peak driving season.
With all the dollar printing going on the price of oil, inflation adjusted, might not go up but in notional amount it might.
Long oil $70 might be a safe bet or I could lose some money. Wouldn't be the first time.
Posted on 1/8/09 at 7:13 am to Rivers
take a look at Cemex and Lafarge their stock doubled just on the talk about Obama's new stimulus plan. If he does start a major re haul on our infrastructure we are going to need a lot of cement and concrete.
Posted on 1/8/09 at 7:17 am to FriscoKid
I like the concept but I know nothing about the cement industry. Not my comfort zone. 
Posted on 1/8/09 at 8:21 am to Rivers
Be patient and wait for a tax free muni bond to come up. If you are willing to be patient, you can find a AAA rated tax free muni that matures in 20 years or less that pays in the 6% range. That is, if you can tie this money up for that long.
Posted on 1/8/09 at 8:25 am to Roach
I would spend about 90% of it on hookers and beer. The other 10% I would just waste.
Posted on 1/8/09 at 9:04 am to BHSRAMS
quote:Do you have any debt? Do you own a house? If so, what is your mortgage rate?
IF you had 75k laying around what would you do with it?
Do you have one year of living expenses saved up in an emergency fund (money market)?
I would focus on those things first, and stay clear of the stock market for the time being.
Posted on 1/8/09 at 9:10 am to FriscoKid
quote:
their stock doubled just on the talk
not exactly the time you want to be buying ;)
I bought a lot of FCX at $18. After all that stimulus bullshite talk drove it north of $30, I sold a big chunk of it. I'll buy more when it gets back sub $23.
Posted on 1/8/09 at 9:10 am to BHSRAMS
sit on it for a couple more years.
Posted on 1/8/09 at 9:10 am to FriscoKid
quote:
take a look at Cemex and Lafarge their stock doubled just on the talk about Obama's new stimulus plan. If he does start a major re haul on our infrastructure we are going to need a lot of cement and concrete.
Excellent idea, one thing to keep in mind that both Cemex and Lafarge have very high levels of debt due to a lot of M&A activity. This balance sheet might cause problems down the lie.
Posted on 1/8/09 at 9:12 am to MileHigh
quote:
Cemex
quote:
M&A activity
Frisco Kid is all-too familiar with this
Posted on 1/8/09 at 9:41 am to Roach
Almost every government entity one can think of is going to attempt to issue bonds in 2009, not only in the US but world wide.
I suspect that some bond issuers, even some that normally would be considered 'safe', will have to pay much more than 6% to induce buyers to buy their bonds because so many are trying to borrow at the same time.
In every case, except in US Government issued bonds, one needs to consider where the revenues will come from to support bonds yeilding high interest rates. In dire straits the US Government will probably avoid paying high interest on bonds by printing money. State, county, city, and businesses do not have the option to print money, they must borrow by selling bonds or equities or pay from revenues or borrow short to pay long.
I believe that historically the haircut for bond holders averages about 40% in a bankruptcy proceeding. Think about this information, and the risks, while considering a 6% roi.
I suspect that some bond issuers, even some that normally would be considered 'safe', will have to pay much more than 6% to induce buyers to buy their bonds because so many are trying to borrow at the same time.
In every case, except in US Government issued bonds, one needs to consider where the revenues will come from to support bonds yeilding high interest rates. In dire straits the US Government will probably avoid paying high interest on bonds by printing money. State, county, city, and businesses do not have the option to print money, they must borrow by selling bonds or equities or pay from revenues or borrow short to pay long.
I believe that historically the haircut for bond holders averages about 40% in a bankruptcy proceeding. Think about this information, and the risks, while considering a 6% roi.
Posted on 1/8/09 at 9:52 am to JL
quote:
two chicks at the same time
You could probably hook that up with $75k.
Posted on 1/8/09 at 9:55 am to 756
quote:
experts are predicting the price of Oil will go back to $150
With a global recession? I doubt it even with the geopolitical issues.
Posted on 1/8/09 at 10:09 am to sheek
'experts are predicting the price of oil will go back to $150'
Where did you hear that? I know some of the fools at GS predicted oil at $300 but that was years ago...before oil crashed below $50.
Of course, if you want to start a 'oil to $150' I will shut up and take advantage of your efforts. Go for it!
Where did you hear that? I know some of the fools at GS predicted oil at $300 but that was years ago...before oil crashed below $50.
Of course, if you want to start a 'oil to $150' I will shut up and take advantage of your efforts. Go for it!
Posted on 1/8/09 at 10:11 am to JL
quote:
two chicks at the same time
Lawrence: Damn straight. I always wanted to do that, man. And I think if I were a millionaire I could hook that up, too; 'cause chicks dig dudes with money.
Peter Gibbons: Well, not all chicks.
Lawrence: Well, the type of chicks that'd double up on a dude like me do.
Peter Gibbons: Good point.
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