zeitgeist57 Posted January 13, 2010 Report Share Posted January 13, 2010 https://home.wellsfargoadvisors.com/clay.lanctot Quote Link to comment Share on other sites More sharing options...
evan9381 Posted January 13, 2010 Report Share Posted January 13, 2010 id pay off my house too. one thing i was kinda disappointed with when i bought the house, is that it was such a cheap house and i got such a low rate (5.000%), that the standard deduction is actually more than if i itemize. lol. Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted January 13, 2010 Report Share Posted January 13, 2010 200k. -15k for 2 new to me vehicles -15k to pay off moms car -40k away in a CD for school -130k down on a house? Or buy a place? Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted January 13, 2010 Report Share Posted January 13, 2010 If I use it all but end up with no mortgage and no other debt it will end up working for me. Mortgage is the real big thing for me. If I didn't have one then I can use my income for other things such as investing. Quote Link to comment Share on other sites More sharing options...
Brrcats Posted January 13, 2010 Report Share Posted January 13, 2010 id invest in hookers and blow Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted January 13, 2010 Report Share Posted January 13, 2010 franchise something....? put it towards franchinsing something? Also, If you daytraded with 200k you could do alright! Yes on the franchise, no on day trading. You could lose your ass day trading. If you were going to DIY on investments, I would pick a stock with growth potential, but also a history of dividend payouts (if you are looking for income). Also all debt would be paid off before any of this. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted January 13, 2010 Report Share Posted January 13, 2010 i'd pay my house off, then with the left over 60k buy a piece of land (min 10 acres) to build my next house. Sell my current house (once the market is back) and with that 200k use a down payment for building loan (assuming the house i build is going to cost me $400k) so end the end end with with close to the same mort. and have 300-400k instant equity Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted January 13, 2010 Report Share Posted January 13, 2010 Take money. Buy Cabin in WV/Kentucky close to mountains. Buy Weapons/AMMO/FOOD Make moonshine and be happy. Quote Link to comment Share on other sites More sharing options...
Bam Posted January 13, 2010 Report Share Posted January 13, 2010 Take money. Buy Cabin in WV/Kentucky close to mountains. Buy Weapons/AMMO/FOOD Make moonshine and be happy. you teh ghey or something? no womenz? Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted January 13, 2010 Report Share Posted January 13, 2010 As far as the moonshine is concerned he has two women there already. Quote Link to comment Share on other sites More sharing options...
HotCarl Posted January 13, 2010 Report Share Posted January 13, 2010 So are you asking for an investment strategy or what each of us would do? Personally I'd buy a small home, pay for school out of pocket rather than student loans, purchase a truck and a bike along with some other misc toys and still have money left over to save. I might day trade a bit but not with a signifigant amount of money in case i do in fact lose it all. Quote Link to comment Share on other sites More sharing options...
Hwilli1647545487 Posted January 13, 2010 Report Share Posted January 13, 2010 https://home.wellsfargoadvisors.com/clay.lanctot Quote Link to comment Share on other sites More sharing options...
Gienek Posted January 18, 2010 Report Share Posted January 18, 2010 Invest, invest, invest. Either real estate or funds. Quote Link to comment Share on other sites More sharing options...
Miller Posted January 18, 2010 Report Share Posted January 18, 2010 Can you close an annuity if you decide down the road you would rather just have your money? I dont know how they work. An annuity is a recurring payment of the money you have invested for a set period of time or # of payments. As in saying: "Here is 200k, I want 10k a year for the next 20 years". You can set them to be annually, monthly, or whatever type you prefer for the pay out. In doing so you always need to consider interest rate and the time value of money. Akula is right, if you wanted it to LAST, an annuity would be a safe bet. 200k could build some interest quickly and we could all make good by adding $1,500 extra to our monthly budgets. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted January 18, 2010 Author Report Share Posted January 18, 2010 An annuity is a recurring payment of the money you have invested for a set period of time or # of payments. As in saying: "Here is 200k, I want 10k a year for the next 20 years". You can set them to be annually, monthly, or whatever type you prefer for the pay out. In doing so you always need to consider interest rate and the time value of money. Akula is right, if you wanted it to LAST, an annuity would be a safe bet. 200k could build some interest quickly and we could all make good by adding $1,500 extra to our monthly budgets. Could you pull your money out at anytime? I assume if you could, there would be some sort of penalty. Is it also safe to assume that like a bank whoever you choose to set up an annuity with makes interest off the money they are holding for you? Quote Link to comment Share on other sites More sharing options...
Tractor Posted January 18, 2010 Report Share Posted January 18, 2010 Banks love annuities. They win, you lose, you'd be better off throwing darts at a wall street journal top 100 mutual fund list. Myself if I wanted low risk I'd spread it across the big brands, Proctor and Gramble, Kellogs, Coke, etc. There all bargains now if you got money to hold them awhile. But I'm not a low risk kinda guy and if you dropped 200K in my lap I'd go all or nothing on a few "what I consider bargain stocks." Quote Link to comment Share on other sites More sharing options...
Sam1647545489 Posted January 18, 2010 Report Share Posted January 18, 2010 Invest 100k of it, put 50k in my bank, take the rest and pay off my rental house and live off of my income I get from my rental. Quote Link to comment Share on other sites More sharing options...
Miller Posted January 18, 2010 Report Share Posted January 18, 2010 Banks love annuities. They win, you lose, you'd be better off throwing darts at a wall street journal top 100 mutual fund list. Myself if I wanted low risk I'd spread it across the big brands, Proctor and Gramble, Kellogs, Coke, etc. There all bargains now if you got money to hold them awhile. But I'm not a low risk kinda guy and if you dropped 200K in my lap I'd go all or nothing on a few "what I consider bargain stocks." I would hardly consider it losing. Of course the bank would make out on the deal too or they would not waste their time. The idea of the thread was to make the money last. Your solution could very well lose it in six months. I'm not at all saying high risk investments are silly - I'm just following the flow of the thread. Quote Link to comment Share on other sites More sharing options...
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