$20,000 dollar question advice sought - GoFuckYourself.com

Sethseekstruth · 07-13-2008, 12:02 PM

Ok;

thanks to a combonation of hard work and being in the right place at the right time, I am going to be getting pre tax commision checks of 3k, 3k, and 16k this month and the next two months. Yay me. This is outside of my usual income from sales and salary.

I am looking for ideas of what to do with it. Rental property? Or is the fall still coming in real estate?

Stocks in Liquor and Ramen noodle companies that do well in hard times?

The onlt debts I ahve are my mortgage and an 8k home equity loan I got to pay for a heat pump, to replace my oil heater. My car is paid off.

Any ideas?

I don't think I'll be going to vegas or giving it to any nigerian finace ministers.

I am looking for an investment idea.

GetSCORECash · 07-13-2008, 12:12 PM

With the current Market. Even "Stocks in Liquor and Ramen noodle" are a bad investment.

payd2purv · 07-13-2008, 12:48 PM

Is Richmond the university town? Renting to students is always good they have low standards

butt a 20k down payment would suck i'd think..

RayBonga · 07-13-2008, 12:54 PM

If your taking a long term view this might not be a terrible time to start investing in stocks just make sure you don't invest all at once (use dollar cost averaging over a year or two)

Due · 07-13-2008, 01:13 PM

Quote:

Originally Posted by RayBonga

If your taking a long term view this might not be a terrible time to start investing in stocks just make sure you don't invest all at once (use dollar cost averaging over a year or two)

I think in general it would be a bad idea to invest anything into the stock market for the next 6 months, best options would probably be metals or your own business

Kimo · 07-13-2008, 01:14 PM

pay off the equity loan and start more sites

GrouchyAdmin · 07-13-2008, 01:15 PM

If you have $20,000 coming, you can afford to ask an accountant.

XPays · 07-13-2008, 01:17 PM

buy a premium domain

mailman · 07-13-2008, 01:34 PM

Best investment is being debt free.. pay your shit off

Sethseekstruth · 07-13-2008, 01:47 PM

Quote:

Originally Posted by mailman

Best investment is being debt free.. pay your shit off

So after i pay off the 8k what should i do with the 10 or so i have left after taxes?

Sethseekstruth · 07-13-2008, 01:48 PM

Quote:

Originally Posted by payd2purv

Is Richmond the university town? Renting to students is always good they have low standards

butt a 20k down payment would suck i'd think..

The University of richmond is full of very rich kids, but there is a school downtown, but I don't think 20k will get me a rental property

DWB · 07-13-2008, 03:29 PM

Quote:

Originally Posted by mailman

Best investment is being debt free.. pay your shit off

I agree.

Then take what is left and copy the exact business model that made you the first 20k to begin with. Copy it as many times as the leftover money will allow you to.

And don't forget to set your business up offshore before you get any more big checks.

Boobzooka · 07-13-2008, 03:54 PM

Quote:

Originally Posted by Sethseekstruth

So after i pay off the 8k what should i do with the 10 or so i have left after taxes?

You said you still have mortgage.

Violetta · 07-13-2008, 03:57 PM

save em for later!

tony286 · 07-13-2008, 03:58 PM

Paying shit off is the way to go.

Peaches · 07-13-2008, 05:40 PM

Quote:

Originally Posted by Sethseekstruth

So after i pay off the 8k what should i do with the 10 or so i have left after taxes?

Stick it in the bank for the next time something like a broken oil heater comes up so you won't have to pay interest to pay to fix it.

If you added a zero at the end of your numbers, I'd say go for the RE, but with little dollar amounts like that, put away for a rainy day.

anarchy · 07-13-2008, 06:20 PM

buy silver

OzzyWeb1 · 07-13-2008, 06:25 PM

It's a good time for long term stock investments. Buy now cash in later.

slapass · 07-13-2008, 07:21 PM

Real estate and stocks are pretty beat up. It is a good time to get in. I would stay away from oil and metals. Get an sp500 index fund. It will match the market and now is a better time to buy then 10 months ago so you have that going for you.

Jarmusch · 07-13-2008, 07:38 PM

Stuff it under the mattress.

Sethseekstruth · 07-13-2008, 08:59 PM

Quote:

Originally Posted by DirtyWhiteBoy

I agree.

Then take what is left and copy the exact business model that made you the first 20k to begin with. Copy it as many times as the leftover money will allow you to.

And don't forget to set your business up offshore before you get any more big checks.

I didn't make it in this biz, I made it in my other biz, and the way i made it will not happen again for a couple years.

Sethseekstruth · 07-13-2008, 09:01 PM

Quote:

Originally Posted by DareRing

You said you still have mortgage.

paying off a big chunk or the mortgage, or putting the cash into a refi, would entice me, but if real estate craps out haven't i then thrown it away?

marketsmart · 07-13-2008, 09:04 PM

cash in the bank is the best right now... if you have a good intererst rate on the 8k then let that ride...

hold the cash until after the new year and new president..

there is probably going to be a lot of opportunity coming up for those who are liquid..

Z · 07-13-2008, 09:09 PM

Buy a piece of pre-construction real estate down here and if you can wait 2 years, you'll do really well.

Spunky · 07-13-2008, 09:21 PM

Grains and gold.especially rice and corn

Boobzooka · 07-14-2008, 12:15 AM

Quote:

Originally Posted by Sethseekstruth

paying off a big chunk or the mortgage, or putting the cash into a refi, would entice me, but if real estate craps out haven't i then thrown it away?

This isn't directed at you personally, but it completely flummoxes me when people don't seem to realize that house they bought for "$350,000" will end up costing them $1,000,000 at the rate they're paying it off ... Put everything you can afford into paying back your mortgage ASAP. Until you do that, you're not a homeowner; you're renting from the bank. Even a few hundred extra here and there, whenever you're able, can save you tens of thousands over time. Start looking at the price of everything you buy and double or triple the cost in your mind. That $2000 Plasma TV could knock $6000 off your total mortgage payments instead.

Sethseekstruth · 07-14-2008, 04:33 AM

Quote:

Originally Posted by DareRing

This isn't directed at you personally, but it completely flummoxes me when people don't seem to realize that house they bought for "$350,000" will end up costing them $1,000,000 at the rate they're paying it off ... Put everything you can afford into paying back your mortgage ASAP. Until you do that, you're not a homeowner; you're renting from the bank. Even a few hundred extra here and there, whenever you're able, can save you tens of thousands over time. Start looking at the price of everything you buy and double or triple the cost in your mind. That $2000 Plasma TV could knock $6000 off your total mortgage payments instead.

that's a great point...I was thinking If i brought 20k in, I could refi at a better rate as well as pay it off sooner, if that point was not clearly made. thats one option, but i was looking at other things, I don't usually have a big lump sum like that

Trax · 07-14-2008, 05:14 AM

put options on any of the three major us stock indices

notime · 07-14-2008, 11:48 AM

put in in the bank.
SAVE !

07-13-2008, 12:02 PM	#1
Sethseekstruth Confirmed User Join Date: Mar 2004 Location: Richmond, va Posts: 588	$20,000 dollar question advice sought Ok; thanks to a combonation of hard work and being in the right place at the right time, I am going to be getting pre tax commision checks of 3k, 3k, and 16k this month and the next two months. Yay me. This is outside of my usual income from sales and salary. I am looking for ideas of what to do with it. Rental property? Or is the fall still coming in real estate? Stocks in Liquor and Ramen noodle companies that do well in hard times? The onlt debts I ahve are my mortgage and an 8k home equity loan I got to pay for a heat pump, to replace my oil heater. My car is paid off. Any ideas? I don't think I'll be going to vegas or giving it to any nigerian finace ministers. I am looking for an investment idea. __________________ https://www.niteflirt.com/pid/12631704

07-13-2008, 12:12 PM	#2
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	With the current Market. Even "Stocks in Liquor and Ramen noodle" are a bad investment. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

07-13-2008, 12:48 PM	#3
payd2purv Too lazy to set a custom title Join Date: Jan 2008 Location: Toronto Posts: 2,727	Is Richmond the university town? Renting to students is always good they have low standards butt a 20k down payment would suck i'd think.. __________________

07-13-2008, 01:14 PM	#6
Kimo ... Join Date: Jan 2006 Location: Maryland ICQ:87038677 Posts: 11,542	pay off the equity loan and start more sites __________________ ...

07-13-2008, 01:15 PM	#7
GrouchyAdmin Now choke yourself! Industry Role: Join Date: Apr 2006 Posts: 12,085	If you have $20,000 coming, you can afford to ask an accountant. __________________ AIM: GrouchyGfy

07-13-2008, 12:54 PM	#4
RayBonga too cool for highschool Join Date: Nov 2005 Location: East side, West side, Worldwide! Posts: 12,164	If your taking a long term view this might not be a terrible time to start investing in stocks just make sure you don't invest all at once (use dollar cost averaging over a year or two)

07-13-2008, 01:17 PM	#8
XPays Team Player Join Date: May 2004 Location: Inside the most accurately counting and reporting affiliate system in the world at XPays.com Posts: 13,002	buy a premium domain __________________ InterNext Expo Domain Auction Live Now thru Feb 5 HuntingMoon GFY Domains Marketplace is LIVE XPays always pays! Top Site: * RealJasmine.com * + HotelHeiress® with The Paris Hilton Sex Video Insert the HotelHeiress® HD FEED into your members areas XPin.com Opening for Pin Partners Soonish Mainstream Offers For Emailers and DomainersNONADULT.COM Like Us!

07-13-2008, 01:34 PM	#9
mailman Confirmed User Industry Role: Join Date: Mar 2001 Location: Ontario, Canada Posts: 6,311	Best investment is being debt free.. pay your shit off

07-13-2008, 03:57 PM	#14
Violetta Affiliate Join Date: Jul 2004 Posts: 28,735	save em for later! __________________ M&A Queen

07-13-2008, 03:58 PM	#15
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	Paying shit off is the way to go.

07-13-2008, 06:20 PM	#17
anarchy Confirmed User Join Date: Jun 2003 Location: Anarcho-capitalist libertarian Posts: 378	buy silver __________________ http://www.lewrockwell.com

07-13-2008, 06:25 PM	#18
OzzyWeb1 Registered User Join Date: Jul 2008 Posts: 5	It's a good time for long term stock investments. Buy now cash in later.

07-13-2008, 07:21 PM	#19
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Real estate and stocks are pretty beat up. It is a good time to get in. I would stay away from oil and metals. Get an sp500 index fund. It will match the market and now is a better time to buy then 10 months ago so you have that going for you.

07-13-2008, 07:38 PM	#20
Jarmusch Industry Role: Join Date: May 2003 Posts: 12,464	Stuff it under the mattress.

07-13-2008, 09:04 PM	#23
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	cash in the bank is the best right now... if you have a good intererst rate on the 8k then let that ride... hold the cash until after the new year and new president.. there is probably going to be a lot of opportunity coming up for those who are liquid..

07-13-2008, 09:09 PM	#24
Z Vidi Vici Veni Industry Role: Join Date: Nov 2002 Posts: 6,308	Buy a piece of pre-construction real estate down here and if you can wait 2 years, you'll do really well.

07-13-2008, 09:21 PM	#25
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,939	Grains and gold.especially rice and corn __________________ *YOUR INFORMATION HERE*

07-14-2008, 05:14 AM	#28
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	put options on any of the three major us stock indices

07-14-2008, 11:48 AM	#29
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,021	put in in the bank. SAVE !