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OfflineTheCreampie
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What would you do with $80,000?
    #15188073 - 10/06/11 06:25 PM (12 years, 3 months ago)

I have around 80k just sitting in my savings account and just feel like I'm not doing the right thing by just letting it idle as the dollar weakens. I'm still relatively young and figured you guys could give me some advice on how to act. If the old could, if the young knew.


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InvisibleAsante
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Re: What would you do with $80,000? [Re: TheCreampie]
    #15188123 - 10/06/11 06:35 PM (12 years, 3 months ago)

Silver is now around $30/oz. Its been at $50/oz and will probably be there again soon. If it does that you're looking at $133,333

Alternatively you could but a cheap foreclosed house, and buy it completely, no mortgage.


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Edited by Asante (10/06/11 06:36 PM)


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Invisiblea2thej
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Re: What would you do with $80,000? [Re: Asante]
    #15188130 - 10/06/11 06:36 PM (12 years, 3 months ago)

buy silver or gold before the dollar collapses and ur screwed


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OfflineTheCreampie
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Re: What would you do with $80,000? [Re: Asante]
    #15188147 - 10/06/11 06:39 PM (12 years, 3 months ago)

Where do I buy and sell the silver, are there minimal risks to this sort of investment?


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InvisibleAsante
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Re: What would you do with $80,000? [Re: TheCreampie]
    #15188225 - 10/06/11 06:53 PM (12 years, 3 months ago)

A2, do you think inflated dollars will buy more silver? :confused:

Quote:

Where do I buy and sell the silver




Several places...

Quote:

are there minimal risks to this sort of investment?




There are no minimal risk investments. Do your own research and decide for yourself. Though many will, wisely, advise you to nopt put your eggs into one basket, I think few will disagree with putting at least a fraction in silver and/or gold as a hedge against inflation.


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OfflineWannaBeLegit
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Re: What would you do with $80,000? [Re: Asante]
    #15190584 - 10/07/11 08:28 AM (12 years, 3 months ago)

I have about 78k in student loans.  Invest in me. :cool:


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InvisibleIrradiated_Feces
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Re: What would you do with $80,000? [Re: WannaBeLegit]
    #15198785 - 10/09/11 01:46 AM (12 years, 3 months ago)

good god man, get that money into SOMETHING!

If it were me id probably do 30-40% gold/silver/platinum other PM's, 30-40% dividend paying stocks, solid blue chip companies that arent likely to go belly up (now is a good time of year to get them on sale, wait the next big market drop, shouldn't be long), and maybe the remainder for downpayment on a property if you dont already have one, or keep it liquid in some sort of interest bearing account.

Also keep in mind how and where you hold your investments for minimal taxation. Take a few hundred and talk to a good accountant.


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InvisibleAsante
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Re: What would you do with $80,000? [Re: Irradiated_Feces]
    #15198914 - 10/09/11 03:47 AM (12 years, 3 months ago)

Quote:

good god man, get that money into SOMETHING!




Bottom line.


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OfflineGroovy Grant
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Re: What would you do with $80,000? [Re: Asante]
    #15199141 - 10/09/11 06:40 AM (12 years, 3 months ago)

Index funds:

I don't know your age, but a nice 30/70 mix of stocks and bonds is a nice place to start.  You can mess with these a bit, moving 20% bonds, 80% Stock, etc. Just a basic suggestion. Also, I picked index funds because they're cheap (most of these have expenses of less than .5% with many below .3%) and they also provide instant diversification. This portfolio won't 'beat' the market though, it will track the market generally and do whatever it's doing. So, it'll have average returns on par with the general market (Mostly on par with the US, but has exposure to world markets as well).

Bonds
10% BND - Vanguard Total Bond Market ETF - Yield 3.17%
8% LQD - iShares iBoxx $ Investment Grad - Yield 4.60%
4% JNK - SPDR Barclays Capital High Yiel - 7.87%
4% MBB - iShares Barclays MBS Bond Fund - Yield 3.34%
4% TIP - iShares Barclays TIPS Bond Fund - Yield 4.24%

Stocks
15% - DWX - SPDR S&P International Dividend - Yield 5.51%
40% - SPY - SPDR S&P 500 - Yield 1.99%
10% - DVY - iShares Dow Jones Select Dividend Index - Yield 3.82%

I left an extra 5% available so you could get some commodities in there, like: GLD or SLV. No yields on either. For those that have dividends, let them DRIP (Dividend Reinvest). You'll have a weighted yield of about 3.3% (a little higher if you elect to put that extra 5% into a dividend bearing fund). So without doing anything you'll make about $2,600 the first year, with that growing as you contribute more funds and reinvest.

Good luck!


Edited by Groovy Grant (10/09/11 06:45 AM)


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Offlinerob8all
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Re: What would you do with $80,000? [Re: TheCreampie]
    #15232460 - 10/16/11 04:10 AM (12 years, 3 months ago)

Put half into apple, a quarter into silver, a quarter into nintendo.

Apple's not slowing anytime soon (I bought in 1997, hells ya) and everytime I have thought they had reached a standstill and din't have any more worthy ideas, I've been blown away. Recently i've realized there's no stopping it really, apple will grow until their products are so powerful and sleek that they won't even seem to exist to unknowing eyes. Conscious creation, manipulation, and comprehension of reality... that's the next frontier and apple has both the prestige, know-how, and consumer-base to be at the forefront... which leads to my belief about nintendo. Nintendo has had a very steady trend, hovering rather constantly in the $10-$20/share range for as long as it has been around. However, without fail whenever a new product is released the stock jumps to $50 or more... and I guarantee they are developing something right now that apple would love to get it's hands on. I can actually imagine a nintendo/apple merger sometime in the future. In the past they have had the same goal (entertainment/improving quality of life) but they have accomplished it through different means. It'll soon be clear that each company's specific knowledge and ideas are much more have much greater potential if applied in combination.

And then silver... Yeah it dipped recently, it's got some good room for growth. When I bought silver at $12 an oz, I had no idea what I was getting into... I guess I'll just say I have a strong intuition that it will strengthen greatly in the coming months. And don't listen to those who say silver only does well when the market is down, that's bush league. Both can excel, and both can fall simultaneously. Trade patterns have been extremely erratic of late so this will happen.

If I were forced to bet, I would say silver is gonna climb fast in coming months, the djia and nasdaq will climb in coming months (apple especially), and then at some yet unforeseeable time the market will crash hard. There may not be any survivors, but if there is one that has the potential to continue to flourish, it's apple. Silver would stay high, probably even increasing with the market crash, and for a time it will be of great monetary value, it will plateau for a time. And then it too will crash. And then the fun begins :-)

I guess try to let the 80k grow a bit, set a goal even, and then figure out a safe and stable avenue by which you can invest/save the money until all this economic mayhem blows over.

With every crash, a new generation of millionaires is born. So keep your eyes and ears peeled. Also listen to your gut, you know? I've made my decision. I neither need nor want any of it. I know that I am richer than f*%$, regardless of how many digits make up my balance. Hell I'm poorer as f*%$ too and occasionally show it, but mostly I like to feel rich :-) goo'day mate.


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