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If you had $300K cash, how would you put it to work in these economic times?

lbhsbz

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asking for a friend...
 

SKIDMARC

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Put it in the bank until early next year. Then decide. With that much money don't want to rush into anything. Especially since there may or may not be a recession coming soon with everything going on.
 

lbhsbz

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I would hang tight with it and put it to work buying some rental properties after the market takes a beating.

This was an initial thought...hope to catch it after the market tanks but before inflation gets too out of hand...
 

Mandelon

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Fortune favors the bold.

Or you lose your ass.

One never knows until its too late.

Good Luck!

Long term? The stock market will recover and go up, up, up.
 

mjc

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You could send it to me and will think of something.
 

Spudsbud

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Same question. I sold some land and will have 200k in a few weeks. I was going to pay off the house, but maybe I'd be better off to buy some stock. Not sure what to do, a free and clear house sounds pretty good in uncertain times.


Talk to your Accountant 1st.
Here in Illinois unearned income is taxed at 42% I believe.
Is that $200k gross or net?
Dont drift into trouble. IRS has no sense of humor......
 

2Driver

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Cash is king right now. There is a lot to play out and the carnage is far from over.

Sure there are some that gambled and won on the ups and downs but for the midterm the smart money went to cash.
 

RCDave

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Save it. Be patient. Stuff will be on sale at steep discounts in the next few years.

I wouldn't jump into the stock market, unless it goes down 30-40%, which is probable.

Buy low and sell high.

Or the best thing is to payoff all debt
 

lbhsbz

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Save it. Be patient. Stuff will be on sale at steep discounts in the next few years.

I wouldn't jump into the stock market, unless it goes down 30-40%, which is probable.

Buy low and sell high.

Or the best thing is to payoff all debt

Saving it was the plan...until the appropriate time. Is there a better safe parking spot than a 1.5% money market acct?
 

SBMech

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Put 10k into oil as a long term.

Start keeping tabs on collectible hotrods (Shelby Mustangs, COPO Camaro's&Z/28's, Hemi Mopars, that I desire (because why collect shit just for value...I'd collect the stuff I LIKE to look at and drive) and wait for the market to drop significantly.

At the same time look real hard for projects of said vehicles that were verifiable as real, no better time to pick stuff up cheap then when someone has financial misfortune.

We are probably 6 months from the dip start IMO. Who knows how bad it is going to be....

Wait for the bottom to drop out of property and grab a few flippers or rentals.

Done correctly you could never loose money, but it's a solid investment if you get in right, eventually in a decade stuff will double again from where we are now...

As much as things are in flux atm with political divisiveness and willing segregation of the sheep....that's a long hard look....

I might just waste it on a used DCB, a year long rental at The Keys and the finest hookers, blow and booze....that way I'd get my money;s worth out of it if it all goes to shit! 😈 :p ;)
 

bonesfab

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I just sold my Camaro because I would rather have some cash for just in case. hopefully pick up some fire sale items.
 

Andy B.

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Put it all towards the recall effort for Sisolack!! 😁
 

WhatExit?

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Start a business converting 2-wheel boat trailers into triple axle trailers :oops:
 

RiverDave

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I would hang tight with it and put it to work buying some rental properties after the market takes a beating.

I am the worst at investing.. point in fact I just tried the stock market because I was reading so much about it on here.. I wish I got my money back.. lol. I’d be suicidal if I dumped 300k on that play. Albeit I’m sure if it was someone knowing what they are doing they could probably turn that 300k into a million in short order.


I had my initial gambling fun in the stock market, now I’m interested in rentals and playing the long game.
 

rmarion

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Same question. I sold some land and will have 200k in a few weeks. I was going to pay off the house, but maybe I'd be better off to buy some stock. Not sure what to do, a free and clear house sounds pretty good in uncertain times.

Pay off your house....

here's your answer...

let's say, just for speaking...

if your Home was paid off completely.

would you refi, withdraw $200k to invest in the stock market??
 

Community

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What about airline stocks? Seems some of the big boys, Buffett, sold his stake and the stocks tumbled. People still need to travel Boeing is backed up on orders on the one that was grounded....fall a little more and buy in. Business people will be traveling again soon unless they discover that yet another meeting could have been an e-mail or really like zoom.....thoughts?
 
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lbhsbz

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With current California socialistic government policies, residential income producing rental real estate would be one of the last things I'd invest in at this time....

If I play with real estate...it will not be in CA.

Here's the situation. Got laid off on Friday, don't really see the Aftermarket auto parts industry (on the wholesale side) turning around any time soon so not sure when I'm gonna get back to work or what I'll be earning when it does happen...and I was given notice by my tenants yesterday that they're leaving at the end of June. I really don't want a new tenant with the economic uncertainty that exists right now, but the real estate market it still doing well, so I've decided to just sell the place. I've been out of it less than 2 years, so I can still avoid Cap. Gain taxes. Timing sort of worked out pretty well I guess.

Trying to figure out where to park the $$ for the time being, while not locking it away (no CDs) so if an opportunity arises, I can strike quick, but also wondering if there's anything that can get me better than 1.5% while staying fairly safe.
 

RCDave

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Sorry to hear about the job....brutal
 

HBCraig

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I believe ING still has their Orange account that yields 3% for 6 months.
 

LuauLounge

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What is your long term plan? Do you want to start your own gig or look for another job?
Paying off the house gives you a lot of options, assuming it doesn’t take your last dollar. Also, anytime you want to borrow, it’s there. Personally, I have a HELOC as my first mortgage. Instant cash for the deal you can’t pass up and reasonable interest rates. Took it out when I was close to paying off my first and wanted to do some remodeling.
 

lbhsbz

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What is your long term plan? Do you want to start your own gig or look for another job?
Paying off the house gives you a lot of options, assuming it doesn’t take your last dollar. Also, anytime you want to borrow, it’s there. Personally, I have a HELOC as my first mortgage. Instant cash for the deal you can’t pass up and reasonable interest rates. Took it out when I was close to paying off my first and wanted to do some remodeling.

Good question...I have no idea. I owe about $490K on my current house, so while I could reduce my payment significantly, I'd have no money left to pay it with.

I kicked around the idea of selling my current house and moving back to the old house...which I could certainly pay off with the equity, but then I'm back in a tiny place that pissed me of for 10 years when I lived there...Plus I'd have to move all my shit again and I'd really rather drink bleach than do that.

I applied for unemployment, which will cover the bills...barely, and we're living pretty cheap right now so I don't think I need to be in a big hurry to do shit. I'm just planning on sitting here and observing for a short period of time to see how fucked up the world will be in a month or 2. I have a few possibilities for a job that pays well in the next month or so...but the situation is very dynamic and I have no certainty that it will pan out.

For right now my goal is to live cheap and not lose my mind until I have a fairly good idea of which way is up, at which point I'll decide what to do.

This is the first time I've been unemployed in 25 years. It's not for the faint of heart.
 

Havasu blue label

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it was 6 bucks 3 weeks ago it will be 28 to 30 for 2 days then sit at 24 son back it up with mgp ticker all this will soon
 

DWC

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If I play with real estate...it will not be in CA.

Here's the situation. Got laid off on Friday, don't really see the Aftermarket auto parts industry (on the wholesale side) turning around any time soon so not sure when I'm gonna get back to work or what I'll be earning when it does happen...and I was given notice by my tenants yesterday that they're leaving at the end of June. I really don't want a new tenant with the economic uncertainty that exists right now, but the real estate market it still doing well, so I've decided to just sell the place. I've been out of it less than 2 years, so I can still avoid Cap. Gain taxes. Timing sort of worked out pretty well I guess.

Trying to figure out where to park the $$ for the time being, while not locking it away (no CDs) so if an opportunity arises, I can strike quick, but also wondering if there's anything that can get me better than 1.5% while staying fairly safe.
Agree with the no California thought process. (Sad being born/raised here). Seemed tough before with the eviction process. The last month only made it worse.
I’d hold on to the cash for 3-6mos. There’s no way there aren’t short/long term impacts to this event. There will be deals. Those with the cash will be able to take advantage of it. If you look at the last shit show the market was down for 3 yrs-ish. Ton of people made a lot of money. You’re in a good position if you can hold off.
 
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