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re: Where to park $100k?

Posted on 6/12/22 at 11:33 am to
Posted by j1897
Member since Nov 2011
4315 posts
Posted on 6/12/22 at 11:33 am to
quote:

If you don’t need the money for 20-30 years, then SpaceX stock.


Really dude?
Posted by bovine1
Member since Dec 2004
1358 posts
Posted on 6/12/22 at 4:28 pm to
Buy I Bonds at TreasuryDirect.gov.
Posted by thelawnwranglers
Member since Sep 2007
42056 posts
Posted on 6/12/22 at 6:22 pm to
quote:

My highest one is 4.99% on a 15-year note, so that would clear up about a grand each month and leave me with another $25k. Buy $10k I bonds and have another $15k left to play with on the market?


What's your emergency fund?
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
53780 posts
Posted on 6/12/22 at 8:50 pm to
quote:

What's your emergency fund?


I have $30k in my checking account if you want to use that I suppose. My jobs are more secure than about any in the country, though.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3710 posts
Posted on 6/12/22 at 9:09 pm to
quote:

Where to park $100k?


Wait until Bitcoin hit $100k and buy one of them mugs
Posted by thelawnwranglers
Member since Sep 2007
42056 posts
Posted on 6/12/22 at 10:25 pm to
quote:


I have $30k in my checking account if you want to use that I suppose. My jobs are more secure than about any in the country, though.


Not the only emergency

Rentals do you have surprises on those? I am get .75% savings and .5% checking but that is really not much
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
53780 posts
Posted on 6/12/22 at 10:41 pm to
I had to put in two water heaters this past winter...ponied up a solid $5k between the two. I keep a hawkish eye on them to assure they are being treated well and tenants are paying on time. Between all my rentals, I have received 221 out of 221 months of rent and never had one month of vacancy.
Posted by 21savage
LP
Member since Apr 2018
357 posts
Posted on 6/13/22 at 11:04 am to
In the Gun Safe.... Get some small bills (5's 10's) ect. get some silver and gold coins also... better safe than sorry when the world ends you want to have access to your money.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35884 posts
Posted on 6/13/22 at 11:11 am to
What kind of car do you drive?

I'm sitting tight for now and accumulating cash.
This post was edited on 6/13/22 at 11:12 am
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8519 posts
Posted on 6/13/22 at 11:41 am to
I'll hold on to it for you.
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
53780 posts
Posted on 6/13/22 at 1:34 pm to
quote:

What kind of car do you drive?

I'm sitting tight for now and accumulating cash.


I put in a bid on a small starter home outside Oxford today and waiting to see if stye accept my bid of $110k....it rents for $1,000/month and the current tenants just renewed another year. That's not a bad return on a home that will increase in rent $25/year.

I drive a BMW 840i convertible. And I will get chastised for it here, but I do not care. I love the drive. Hate the price of gas, but love driving it! Took it out for a cruise the other night for 50 miles with Weezer playing on full blast through my Bowers & Wilkins killer speakers. So... to the haters and the UT fans.
This post was edited on 6/13/22 at 1:36 pm
Posted by Auburn1968
NYC
Member since Mar 2019
25212 posts
Posted on 6/13/22 at 2:40 pm to
With the market in a deep dip, there are lots of good places to put it.

Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 6/13/22 at 3:06 pm to
Hopefully under your mattress (before today's market decline).
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 6/13/22 at 3:07 pm to
Is this a troll or is this Biden screwing with us again like this guy is a teacher making 120k and drives a 100k car in some paradise where rent houses cost 100k

Next he’s gonna brag and say that he gets food stamps too
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
53780 posts
Posted on 6/13/22 at 3:24 pm to
I mean, I am a teacher. Though, that only is about half my income...plus my school coaching stipend, club coaching, and Airbnb in Oxford, MS, yes, $120k. Sorry you don't believe.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82060 posts
Posted on 6/13/22 at 3:35 pm to
USDC on Celsius for a nice 8% interest


Oh wait
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 6/13/22 at 4:47 pm to
I believe you bruh


Wish I would’ve been a teacher
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 6/13/22 at 8:06 pm to
So you come here to ask for advice….lol
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/13/22 at 8:54 pm to
quote:

I believe you bruh

Wish I would’ve been a teacher


I told ya, if I get the commandant job at FEMA Camp 13, I’ll let you teach GED classes. Pinky swear. Extra rations on Friday nights!
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
53780 posts
Posted on 6/13/22 at 9:46 pm to
Well, my offer to buy a property here in Oxford was accepted today for $112,500 and the current tenants have signed a lease for $1,000/month through July 2023. I will sell when these tenants plan to leave and get a good little return.
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