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What to do with 250K currently sitting in savings?

Posted on 4/11/11 at 1:37 pm
Posted by bopossum
georgia
Member since Nov 2007
43 posts
Posted on 4/11/11 at 1:37 pm
Looking for advise on what to do with 250K? Won't need to touch it for 15 to 20 years. TIA
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/11/11 at 1:38 pm to
Casino. Black. If you lose, you have 15-20 years to make it back up.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 4/11/11 at 1:39 pm to
First, check to see if your credit score is over 900. (In case you don't know what credit scores are.)
Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 1:39 pm to
quote:

Looking for advise on what to do with 250K? Won't need to touch it for 15 to 20 years. TIA


Vanguard.

Total Stock Market Index
Total int'l stock market index
bond market.
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 4/11/11 at 1:42 pm to
quote:

bond market.
Worst advice ever.....
Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 1:48 pm to
quote:

Worst advice ever.....


No its not. I wasn't meaning the entire thing if that's how you took it.
Posted by bopossum
georgia
Member since Nov 2007
43 posts
Posted on 4/11/11 at 1:48 pm to
Being that FICO only goes to 850, I doubt it's over 900. It's actually 804.
Posted by bopossum
georgia
Member since Nov 2007
43 posts
Posted on 4/11/11 at 1:51 pm to
Come on Russian, been reading your posts for a couple of years. You seem either really smart or FOS one. I'm betting on the former. What ya got for me?
Posted by Broke
AKA Buttercup
Member since Sep 2006
65042 posts
Posted on 4/11/11 at 1:52 pm to
quote:

No its not.


If you are talking about the current corporate bond market, yes it is.
Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 1:53 pm to
quote:

If you are talking about the current corporate bond market, yes it is.

doing bad so over a 20 year period, not a good time to buy in? As well as, i've always heard you don't try to "time in" your buys when it in for long runs.
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 4/11/11 at 1:54 pm to
I'm saying bond prices are going to go down in the near future. Buying into the bond market now is buying at the peak of the prices, IMO.
Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 1:56 pm to
quote:

I'm saying bond prices are going to go down in the near future. Buying into the bond market now is buying at the peak of the prices, IMO.



not going to disagree with you there.
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 4/11/11 at 1:59 pm to
quote:

Looking for advise on what to do with 250K? Won't need to touch it for 15 to 20 years.


Buy 250K worth of Netflix $75 Jan 12 options..


..2 years ago.
Posted by Zach
Gizmonic Institute
Member since May 2005
112406 posts
Posted on 4/11/11 at 2:01 pm to
Buy some nice clothes and ask Tiger Wood's ex-wife for a date. She's got lots of money and is lonely.

Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 2:07 pm to
quote:

and is lonely.


doubt it.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65042 posts
Posted on 4/11/11 at 3:18 pm to
quote:

doing bad so over a 20 year period, not a good time to buy in? As well as, i've always heard you don't try to "time in" your buys when it in for long runs.


But why make a dumb play when you know it's a dumb play? Riddle me that Batman?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/11/11 at 3:23 pm to
Whatever the OP does, I would suggest that he put his money in over the course of at least a year. That's a large sum to drop in all at once.
Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 3:26 pm to
quote:

But why make a dumb play when you know it's a dumb play? Riddle me that Batman?



diversification purposes?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/11/11 at 3:30 pm to
quote:

But why make a dumb play when you know it's a dumb play? Riddle me that Batman?



PMPT presents the solution to that conundrum. I wish I could find a retail product that utilized it, because I would tell everyone I know to go with that.
Posted by Chad504boy
4 posts
Member since Feb 2005
166127 posts
Posted on 4/11/11 at 3:41 pm to
quote:


PMPT presents the solution to that conundrum. I wish I could find a retail product that utilized it, because I would tell everyone I know to go with that.



so what does this mean? Is diversifying the portfolio with bonds (even though maybe not ideal to do so) still a bad idea?
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