08-19-2020, 10:52 PM | #1 |
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If I gave you $50K what would you buy or invest in?
Would you buy a super cool watch (116500LN in each color), or get the super cool project car you've been following for a few years?
Or would you just buy a ton of AAL and revisit in 3 years.. |
08-19-2020, 11:14 PM | #2 |
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I'm pretty sure we already have this thread, but I'll play.
1.) No I wouldn't buy a watch (I don't see the value in jewelry, but that's just my opinion). 2.) I would buy some AAL, but maybe also like Casinos or restaurant chains. 3.) Hold those stocks until they triple and put in real estate when it crashes in a few years. 4.) = profit |
08-19-2020, 11:53 PM | #3 |
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well since i am almost ready to pull the trigger now i guess id use your money to buy that mp5 and soarer parts and ammo.
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08-19-2020, 11:56 PM | #4 |
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I will probably save it for future travels since I am still happy with my car and I don't have anything in mind to purchase as of the moment.
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08-20-2020, 12:20 AM | #5 | ||
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08-20-2020, 08:11 AM | #6 |
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Since I have a remaining balance of $52K on my mortgage, I would pay it off today and retire by Labor Day.....
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08-20-2020, 09:45 AM | #8 |
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Since you are asking me this question...
I am likely in a different life phase than you, but I know nothing about you. I am seeking to downsize physical asset footprint and maximize net worth. I therefore shun, as much as possible, depreciating assets like cars and watches. I don’t believe in watches or cars as investments, no matter how “special” they are. Put the money in the market. This is a once-in-a-decade money making opportunity. |
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08-20-2020, 10:52 AM | #10 |
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If someone gave me $50k I'd probably be responsible with it...
But it's fun to think I'd buy a project car. Watches I could really care less about. I have a few that look nice with my work attire, but I'm not really 'into' them. |
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08-20-2020, 11:01 AM | #11 |
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Put it all on the wife's medical insurance/bills/treatment for her lung cancer. Whatever was left would be a shopping spree for her, renew our vows and, a diamond eternity ring.
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08-20-2020, 11:13 AM | #12 | |
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03-06-2022, 03:11 PM | #13 |
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Well...since I have no deabt at the moment I'd probably boost my car. However, since we just bought a house we will have a mortgage and thus some debt, I'd have to put that towards paying down the principal on the loan. That would be the smart play for me I think
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03-06-2022, 04:32 PM | #14 | |
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03-06-2022, 04:43 PM | #15 | ||
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03-06-2022, 04:47 PM | #16 |
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Probably double down on my Raytheon holdings, I'm thinking when China makes a move it's going to explode, no pun intended. Additionally as TheVazha mentioned MGM, it seemed overvalued to me (beating out GM per share, damn chip shortage) however Vegas is predicting 2022 earnings to be greater than 2019 so I'll be keeping an eye on that one.
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03-07-2022, 07:14 AM | #18 |
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Updating this post, the mortgage is down to $36K. With $50K, I would pay it off today, use the extra $14K to put in the driveway and septic system at our South Carolina retirement property, and retire by Memorial Day.....
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03-07-2022, 08:01 AM | #19 |
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Throw it on the RRSP (CDN pension plan effectively). Will save 53%, yes 53%, right off the bat. From there it can grow even conservatively and you're miles in front. So if I put 50K down, i get to keep 26K so now I have 76K to grow.
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03-07-2022, 08:06 AM | #20 |
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$50K invested in my home would increase its value by $200K.
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03-07-2022, 08:11 AM | #21 |
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$50k to search for jtodd_fl.
Mortgage left is about $40k so I would knock that out and the remaining $10k would be invested in GALA. Going to Uranus! |
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