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re: What to do with $200-250K

Posted on 3/11/21 at 1:58 pm to
Posted by bstew3006
318
Member since Dec 2007
12999 posts
Posted on 3/11/21 at 1:58 pm to
Posted by ghost2most
Member since Mar 2012
7736 posts
Posted on 3/11/21 at 2:21 pm to
Leaning toward that unless perfect property comes available
Posted by spacbuckeye
Member since Jan 2021
59 posts
Posted on 3/11/21 at 3:05 pm to
GSAH
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82042 posts
Posted on 3/11/21 at 4:15 pm to
Me personally, I'd buy 4-5 bitcoin.

For a more conservative approach, I'd throw half into Bitcoin and half into land (or quarter into land quarter into stocks).


Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82042 posts
Posted on 3/11/21 at 4:17 pm to
quote:

Payoff your new house. Live with a mortgage. Be extremely less stressed in the day to day

At 2.75% mortgage DO NOT DO THIS.

In todays inflationary environment, you are essentially making money by borrowing from the bank at 2.75%. Maximize your wealth, don't pay an extra penny to your mortgage.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 3/11/21 at 4:27 pm to
Buying btc or btc on eth to get better yields?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82042 posts
Posted on 3/11/21 at 4:30 pm to
I dont know what you mean by "bitcoin on ethereum"

I'm just saying buy bitcoin, period.
Posted by Nephropidae
Brentwood
Member since Nov 2018
2735 posts
Posted on 3/11/21 at 5:05 pm to
quote:

Payoff your new house. Live without a mortgage. Be extremely less stressed in the day to day
terrible, terrible advice. Guy has low fixed... I’m sure he can pay his mortgage and beat 2.75 with the nut.
Posted by fwtex
Member since Nov 2019
3198 posts
Posted on 3/11/21 at 7:31 pm to
vacation rental
Posted by ghost2most
Member since Mar 2012
7736 posts
Posted on 3/11/21 at 7:58 pm to
200-250 won’t buy one I don’t think
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1689 posts
Posted on 3/11/21 at 7:59 pm to
Put the money to work in the market and look around for land/second home for recreation. Where do you live? My advice if you buy land or a second place make sure it’s close enough that you will use it.
Posted by Sho Nuff
Oahu
Member since Feb 2009
13375 posts
Posted on 3/11/21 at 8:04 pm to
quote:

I'd buy Bitcoin and move 2.5 BTC to blockfi and get 6%apy.

Haven't heard of this one before. You send your BTC to them and they're a wallet that pays 6%? I have exactly 2.5 BTC right now.
Posted by ghost2most
Member since Mar 2012
7736 posts
Posted on 3/11/21 at 8:12 pm to
Hill country in Texas. Which every fricking Californian seems to be moving to.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/11/21 at 8:12 pm to
Blue. Soon...
Posted by VanJoe
Member since May 2020
34 posts
Posted on 3/11/21 at 9:36 pm to
I have a beach front condo in Panama City within your range if you're interest.
Posted by 6R12
Louisiana
Member since Feb 2005
11471 posts
Posted on 3/11/21 at 9:59 pm to
NOT Bitcoin but the alt coins. The ones that have the furthest to go back to full Fib retracement
Posted by AUCE05
Member since Dec 2009
44872 posts
Posted on 3/11/21 at 10:00 pm to
I would dump it into VPU
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82042 posts
Posted on 3/11/21 at 10:00 pm to
quote:

NOT Bitcoin but the alt coins. The ones that have the furthest to go back to full Fib retracement

OP dont do this.
Posted by MrSpock
Member since Sep 2015
5055 posts
Posted on 3/11/21 at 10:08 pm to
quote:

You send your BTC to them and they're a wallet that pays 6%?



Yes. They pay me the interest in BTC. There are other options as well.

Posted by Tshiz
Idaho
Member since Jul 2013
7974 posts
Posted on 3/11/21 at 10:17 pm to
quote:

terrible, terrible advice.


I prefer to be debt free. Tomorrow isn’t promised.

But you do you
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