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View Full Version : Money The $32,000 question..


Stanley Nickels
11-15-2008, 06:04 PM
I was watching Who Wants To Be a Millionaire today (don't ask, I'm out of town for the weekend...), and somebody didn't know how to answer a question, and decided to walk with $32,000.

And I thought what I would do with that kind of money... I wouldn't buy a car -- mine works just fine, and I'm not one to just spend for the sake of having a "cooler" car.

So I figured I'd invest it.

But...
How? I realized that, in a perfectly normal economy (read, not overly bearish or bullish), I know the basics; diversify, look at Mutual Funds and Stocks (especially stocks that could benefit from political or cultural changes, etc), and possibly a CD at a guaranteed percentage from a bank.

I have NO idea what I would do in a terrible economy like this if I came in contact with that kind of money. I'm relatively young (25), so I'd want to invest, but I'd have no clue where to start.

What would you do?

Bowser
11-15-2008, 06:06 PM
How much would it be after taxes? Around 18K, or so? That sounds like a good time to pay off bills and then put what's left over towards the principal on the house.

Or, go have a wild weekend in Vegas. Tough call.

'Hamas' Jenkins
11-15-2008, 06:06 PM
Always bet on black.

Fish
11-15-2008, 06:09 PM
2 chicks at the same time man......

Bowser
11-15-2008, 06:10 PM
2 chicks at the same time man......

You usually have to pay extra for that, Cotton.

Baconeater
11-15-2008, 06:12 PM
Meh, I'd just spend it.

Stanley Nickels
11-15-2008, 06:16 PM
2 chicks at the same time man......

I hadn't thought of that. This is my new choice for "most obvious spending decision" :)

Psyko Tek
11-15-2008, 06:30 PM
just read that GM stock was at $3.00 and ford was at 1.80

RJ
11-15-2008, 06:50 PM
Invest it all in firearms, canned goods, MRE's, camping supplies, etc.

The end is near, your money will be worthless.

On second thought, buying a little bit of gold wouldn't hurt.

Rain Man
11-15-2008, 07:04 PM
I'd give most of it to the government, and then go out for dinner with what's left.

Guru
11-15-2008, 07:11 PM
put it toward my mortgage. Even though my financial planner would advise against it.

milkman
11-15-2008, 07:13 PM
Hide it under your mattress.

PastorMikH
11-15-2008, 07:15 PM
If you don't own a house, use it as a down payment

Baconeater
11-15-2008, 07:16 PM
Invest it all in firearms, canned goods, MRE's, camping supplies, etc.

The end is near, your money will be worthless.

On second thought, buying a little bit of gold wouldn't hurt.

Are you the one who keeps posting these ads?

http://omaha.craigslist.org/wan/916015332.html

wanted: fellow nebraska survivalists for bugout

in search of fellow in-the-know people to start a community of survivalists to seek out a safe spot to live and survive once the crap hits the fan. you know it's coming soon.

JuicesFlowing
11-15-2008, 07:21 PM
Bottled water.

KCChiefsMan
11-15-2008, 07:36 PM
Are you the one who keeps posting these ads?

http://omaha.craigslist.org/wan/916015332.html

wanted: fellow nebraska survivalists for bugout

in search of fellow in-the-know people to start a community of survivalists to seek out a safe spot to live and survive once the crap hits the fan. you know it's coming soon.

well it comes, will you be ready?

BigMeatballDave
11-15-2008, 08:23 PM
That sounds like a good time to pay off bills and then put what's left over towards the principal on the house.

This

RJ
11-15-2008, 08:28 PM
Are you the one who keeps posting these ads?

http://omaha.craigslist.org/wan/916015332.html

wanted: fellow nebraska survivalists for bugout

in search of fellow in-the-know people to start a community of survivalists to seek out a safe spot to live and survive once the crap hits the fan. you know it's coming soon.



No, but thanks for the link. Now I'll just need enough gas to get to Nebraska. And I suppose I'll have to learn how to grow corn.

Is that hard?

eazyb81
11-15-2008, 08:30 PM
orange juice futures.

eazyb81
11-15-2008, 08:30 PM
Actually, buying a few kilos would be the best investment.

Buehler445
11-15-2008, 08:31 PM
For the next year or so, I'd probably plug it into a CD.

Depending on my tax situation, I might start an IRA with some of it.

If I didn't need the money in the next 5 years or so, I'd probably buy some mutual funds and hope its the bottom.

Baconeater
11-15-2008, 08:35 PM
No, but thanks for the link. Now I'll just need enough gas to get to Nebraska. And I suppose I'll have to learn how to grow corn.

Is that hard?

Hell no, it just grows naturally here. I can't walk out my door without tripping over a stalk of corn.

Buehler445
11-15-2008, 08:45 PM
Hell no, it just grows naturally here. I can't walk out my door without tripping over a stalk of corn.

Come out here. We have..........puncture vine.

ArrowheadHawk
11-15-2008, 08:52 PM
We need a finance subforum.

blueballs
11-15-2008, 09:03 PM
that would make a lot of rain/pacman
that would buy a lot of Crystal/LJ
I could keep a couple paintsuits/Sarah Palin