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-   -   inherited 50k... where should I put it? (https://gfy.com/showthread.php?t=849729)

ElConquistador 08-22-2008 10:51 AM

inherited 50k... where should I put it?
 
Money Market, Stocks, Mutuals, Forex, Real Estate, Gold... porn?

don't need it liquid and want the best return over a 10 year period.



and here's my prediction on the first few BS replies:

- hookers and blow
- tube site
- KY jelly

Verbal 08-22-2008 10:53 AM

wait a little while and buy some real estate

LeRoy 08-22-2008 10:53 AM

I'll go with hookers and Blow :)

baddog 08-22-2008 10:54 AM

My pocket has some room it it.

gornyhuy 08-22-2008 10:54 AM

Hire a full time servant for a year.

woj 08-22-2008 10:54 AM

stocks, mix it up and in the next 10 years you should do well :thumbsup

tony286 08-22-2008 10:54 AM

blue chip conservative growth mutual fund.

klaze 08-22-2008 10:54 AM

Waffles.

Invest in waffles.

TheSenator 08-22-2008 10:55 AM

Buy a foreclosed home and flip it.

LeRoy 08-22-2008 10:56 AM

ok seriously. Dont put it into porn. I hear too many stories of people losing $$ in porn :)

TyroneGoldberg 08-22-2008 10:56 AM

inherited 50k... where should I put it?

On Black, baby.


I mean it's found money, if you lose so what. If you win I want 15%

kmanrox 08-22-2008 10:56 AM

buying hookers would be silly


buy the pimps and help them expand

HorseShit 08-22-2008 11:00 AM

tube site and ky jelly

BAKO 08-22-2008 11:04 AM

Buy good traffic and send it to sexsearch revshare ;)

ElConquistador 08-22-2008 11:04 AM

so far we have:

2 real estates
- wait a little while and buy some real estate
- buy a foreclosed home and flip it.

2 stocks/mutual
- blue chip conservative growth mutual fund.
- stocks, mix it up and in the next 10 years you should do well

xxweekxx 08-22-2008 11:10 AM

Quote:

Originally Posted by ElConquistador (Post 14647584)
so far we have:

2 real estates
- wait a little while and buy some real estate
- buy a foreclosed home and flip it.

2 stocks/mutual
- blue chip conservative growth mutual fund.
- stocks, mix it up and in the next 10 years you should do well

with 50k i would build up some sites and make money off them,

or start an online currency exchange service

or start a hosting company(start with virtual/reseller plans)

etcc.. stock yield is crappy, u could gain/lose, and mutual fund yield is crappy..

the market sucks now.. better off investing your money into business.

OR, I would buy a laundromat with it.. easy money..

I see that laundromats have about 4yr return on profit.. Basically if you want a laundromat that makes $10k/yr PROFIT, ull spend $40k..

So with your $50k, you will buy a good laundromat that makes $1k/month profit..

It seems small, but $1k/mo for life is good, plus thats about 20% return.

By the way, when you make the first $10k of profit, use it as a 20% down payment for another $50k laundromat..

RINSE and repeat...

TubeTitans_SusieQ 08-22-2008 11:11 AM

...in my pocket...ill hold it for you

Eriic 08-22-2008 11:14 AM

Quote:

Originally Posted by baddog (Post 14647490)
My pocket has some room it it.

So does your head:thumbsup

HollywoodChris 08-22-2008 11:18 AM

Open an account at ingdirect and make 3% a month or buy gold.

Fat Panda 08-22-2008 11:20 AM

fuck mutuals...put it in a vangaurd etf fund...you will be happy - (pick fund depending on your taste for risk)

Adultnet 08-22-2008 11:21 AM

invest in tech :)

xxweekxx 08-22-2008 11:22 AM

ING DOESNT PAY 3% a month? Isnt it 3% a YEAR not month..

moneybiz 08-22-2008 11:25 AM

Split it up into 10 5k cds.

mikesouth 08-22-2008 11:27 AM

depends on what part of the country/world you are in assuming its USA and its not in a real negative growth area like Dayton OH

Buy a moderately priced home, in distress, below market value, 50K is a good downpayment if not enough to buy outright.

Fix the house up and turn it into rental property, In a bout 2-3 years when the housing market rebounds (and it will) sell it, you should easily double your money with very little risk...your renters are probably paying more than any note you carry on it if you have to finance part of it.

Holly 08-22-2008 11:27 AM

Heroin.

Thank me later.

gadabout 08-22-2008 11:27 AM

I would put it in a Swiss bank as they are the only currency backed by gold or build a business. The laundromat idea is great if it really works that well.

PornMogul 08-22-2008 12:31 PM

Personally I would invest it in one of my many killer ideas. I can help ya invest some or all of it if you want. Hit me up :pimp

tranza 08-22-2008 12:37 PM

Build a KY jelly pool!!

Dvae 08-22-2008 12:39 PM

Forex...

aico 08-22-2008 12:48 PM

buy gold

Marcus Aurelius 08-22-2008 12:48 PM

In my epass account please. Thank you drive thru.

Libertine 08-22-2008 01:16 PM

Wait another year or so, then put it in an index fund or index ETF.

Forex is much like taking the money to the casino. Real estate, right now, is for irrational optimists. Starting a company is getting a second job, with all the headaches that go along with that.

With an amount as small as $50k, actively investing and managing the investment simply isn't worth the time.

seeandsee 08-22-2008 01:21 PM

Invest all your money in weapons industry!

Bossman 08-22-2008 01:30 PM

Buy BondageSex.com from my sig, turn it into a community/review site in the bondage niche, and feed it with traffic + link trades... :upsidedow

Supz 08-22-2008 01:52 PM

Stamps & Baseball cards

Violetta 08-22-2008 01:59 PM

I dunno what Id do with it!

Iron Fist 08-22-2008 02:02 PM

Quote:

Originally Posted by xxweekxx (Post 14647681)
ING DOESNT PAY 3% a month? Isnt it 3% a YEAR not month..

Actually at the bottom it says:

Interest is calculated daily and paid monthly.

So is this really a 36% APR? Wait.. what? :upsidedow

http://www.ingdirect.ca/en/save-invest/isa/index.html

ninavain 08-22-2008 02:34 PM

low budget horror movie that pays you for years and years to come

D Ghost 08-22-2008 02:35 PM

Quote:

Originally Posted by baddog (Post 14647490)
My pocket has some room it it.

:1orglaugh

MrMaxwell 08-22-2008 02:38 PM

There is alot you have to know before you buy property.
It's great to buy when normal people are all scared and broke.

You could always lease a small office, apply for a dealer license and sell automobiles.


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