If I gave you $50K what would you buy or invest in?

TheVazha · 08-19-2020, 10:52 PM

Would you buy a super cool watch (116500LN in each color), or get the super cool project car you've been following for a few years?

Or would you just buy a ton of AAL and revisit in 3 years..

BimmerDimmer6 · 08-19-2020, 11:14 PM

I'm pretty sure we already have this thread, but I'll play.

1.) No I wouldn't buy a watch (I don't see the value in jewelry, but that's just my opinion).
2.) I would buy some AAL, but maybe also like Casinos or restaurant chains.
3.) Hold those stocks until they triple and put in real estate when it crashes in a few years.
4.) = profit

jamesinaz · 08-19-2020, 11:53 PM

well since i am almost ready to pull the trigger now i guess id use your money to buy that mp5 and soarer parts and ammo.

LaVitaEBella · 08-19-2020, 11:56 PM

I will probably save it for future travels since I am still happy with my car and I don't have anything in mind to purchase as of the moment.

TheVazha · 08-20-2020, 12:20 AM

Quote:

Originally Posted by BimmerDimmer6

I'm pretty sure we already have this thread, but I'll play.

1.) No I wouldn't buy a watch (I don't see the value in jewelry, but that's just my opinion).
2.) I would buy some AAL, but maybe also like Casinos or restaurant chains.
3.) Hold those stocks until they triple and put in real estate when it crashes in a few years.
4.) = profit

That MGM is the little engine that could. Also, I'm talking about throwing $50 into the fire, not hoping to make a mill on it! 🤪

Quote:

Originally Posted by jamesinaz

well since i am almost ready to pull the trigger now i guess id use your money to buy that mp5 and soarer parts and ammo.

I live in a non free state. Best I could do is an SP5 and already have one. If I could get my hands on a G36 I could say I'm complete.

Quote:

Originally Posted by LaVitaEBella

I will probably save it for future travels since I am still happy with my car and I don't have anything in mind to purchase as of the moment.

You sir are where I want to be.

vreihen16 · 08-20-2020, 08:11 AM

Since I have a remaining balance of $52K on my mortgage, I would pay it off today and retire by Labor Day.....

1MOREMOD · 08-20-2020, 08:14 AM

I'd start a new company selling double bang and 6 hour energy.

chassis · 08-20-2020, 09:45 AM

Since you are asking me this question...

I am likely in a different life phase than you, but I know nothing about you. I am seeking to downsize physical asset footprint and maximize net worth.

I therefore shun, as much as possible, depreciating assets like cars and watches. I don’t believe in watches or cars as investments, no matter how “special” they are.

Put the money in the market. This is a once-in-a-decade money making opportunity.

Darth One · 08-20-2020, 10:28 AM

#2. Should i PM you my Paypal/Venmo details now?

CTinline-six · 08-20-2020, 10:52 AM

If someone gave me $50k I'd probably be responsible with it...

But it's fun to think I'd buy a project car. Watches I could really care less about. I have a few that look nice with my work attire, but I'm not really 'into' them.

Soul_Glo · 08-20-2020, 11:01 AM

Put it all on the wife's medical insurance/bills/treatment for her lung cancer. Whatever was left would be a shopping spree for her, renew our vows and, a diamond eternity ring.

Ric in RVA · 08-20-2020, 11:13 AM

Quote:

Originally Posted by Soul_Glo

Put it all on the wife's medical insurance/bills/treatment for her lung cancer. Whatever was left would be a shopping spree for her, renew our vows and, a diamond eternity ring.

Yup...perspective.

Give Cancer Hell for me!!!!

evil-G-nius · 03-06-2022, 03:11 PM

Well...since I have no deabt at the moment I'd probably boost my car. However, since we just bought a house we will have a mortgage and thus some debt, I'd have to put that towards paying down the principal on the loan. That would be the smart play for me I think

vreihen16 · 03-06-2022, 04:32 PM

Quote:

Originally Posted by starwender

I like the real estate idea. This amount of money would be very small, but it will be enough for the first installment. I believe that real estate is one of the most stable investment options. Especially if you are lucky enough to buy an apartment or a house in a good area that is popular with residents. I would do exactly that.

Saving this, to see the original text after it is edited to add SEO links.....

upstatedoc · 03-06-2022, 04:43 PM

Quote:

Originally Posted by vreihen16

Quote:

Originally Posted by starwender

I like the real estate idea. This amount of money would be very small, but it will be enough for the first installment. I believe that real estate is one of the most stable investment options. Especially if you are lucky enough to buy an apartment or a house in a good area that is popular with residents. I would do exactly that.

Saving this, to see the original text after it is edited to add SEO links.....

PJLux · 03-06-2022, 04:47 PM

Probably double down on my Raytheon holdings, I'm thinking when China makes a move it's going to explode, no pun intended. Additionally as TheVazha mentioned MGM, it seemed overvalued to me (beating out GM per share, damn chip shortage) however Vegas is predicting 2022 earnings to be greater than 2019 so I'll be keeping an eye on that one.

slev1111n · 03-07-2022, 05:11 AM

Definitely invest 80% in something, the rest can be spent on yourself

vreihen16 · 03-07-2022, 07:14 AM

Quote:

Originally Posted by vreihen16

Since I have a remaining balance of $52K on my mortgage, I would pay it off today and retire by Labor Day.....

Updating this post, the mortgage is down to $36K. With $50K, I would pay it off today, use the extra $14K to put in the driveway and septic system at our South Carolina retirement property, and retire by Memorial Day.....

Alfisti · 03-07-2022, 08:01 AM

Throw it on the RRSP (CDN pension plan effectively). Will save 53%, yes 53%, right off the bat. From there it can grow even conservatively and you're miles in front. So if I put 50K down, i get to keep 26K so now I have 76K to grow.

its55 · 03-07-2022, 08:06 AM

$50K invested in my home would increase its value by $200K.

F30lolz · 03-07-2022, 08:11 AM

$50k to search for jtodd_fl.

Mortgage left is about $40k so I would knock that out and the remaining $10k would be invested in GALA. Going to Uranus!

Frostynorth · 03-07-2022, 09:03 AM

Pay someone to finish the basement and get a bunch of art framed, everything else on the mortgage.

08-19-2020, 10:52 PM	#1
TheVazha Major 686 Rep 1,002 Posts Drives: X5Mmmkay. Join Date: Sep 2015 Location: Los Angeles iTrader: (0)	If I gave you $50K what would you buy or invest in? Would you buy a super cool watch (116500LN in each color), or get the super cool project car you've been following for a few years? Or would you just buy a ton of AAL and revisit in 3 years.. __________________
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08-19-2020, 11:53 PM	#3
jamesinaz First Lieutenant 1642 Rep 362 Posts Drives: 2013 X3 2017 540i Join Date: Feb 2020 Location: Arizona iTrader: (0) Garage List 2021 BMW X5 x40i [0.00]	well since i am almost ready to pull the trigger now i guess id use your money to buy that mp5 and soarer parts and ammo.
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08-19-2020, 11:56 PM	#4
LaVitaEBella Private First Class 72 Rep 122 Posts Drives: 2016 BMW M3 Join Date: Aug 2019 Location: Florida iTrader: (0)	I will probably save it for future travels since I am still happy with my car and I don't have anything in mind to purchase as of the moment.
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08-20-2020, 08:11 AM	#6
vreihen16 Recovering Perfectionist 15138 Rep 941 Posts Drives: 2015 BMW i3 BEV Join Date: Jun 2019 Location: Orange County, NY iTrader: (0) Garage List 2014 Mighty Freight ... [0.00] 2015 BMW i3 BEV [0.00] 2000 Audi TT Quattro [0.00] 1967 Formula Vee [0.00]	Since I have a remaining balance of $52K on my mortgage, I would pay it off today and retire by Labor Day..... __________________ 2015 BMW i3 BEV, Giga World (Lodge interior), Tech/Driving Assist Packages, 30K miles
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08-20-2020, 08:14 AM	#7
1MOREMOD - 11817 Rep 23,187 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	I'd start a new company selling double bang and 6 hour energy.
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08-19-2020, 11:14 PM	#2
BimmerDimmer6 Captain 1472 Rep 826 Posts Drives: 2016 F80 M3 6MT / 2019 Raptor Join Date: Apr 2020 Location: Tampa Fl iTrader: (0)	I'm pretty sure we already have this thread, but I'll play. 1.) No I wouldn't buy a watch (I don't see the value in jewelry, but that's just my opinion). 2.) I would buy some AAL, but maybe also like Casinos or restaurant chains. 3.) Hold those stocks until they triple and put in real estate when it crashes in a few years. 4.) = profit
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08-20-2020, 09:45 AM	#8
chassis Colonel 6490 Rep 2,304 Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019 Location: Einbahnstraße iTrader: (0) Garage List 2020 Porsche Cayenne S [7.69]	Since you are asking me this question... I am likely in a different life phase than you, but I know nothing about you. I am seeking to downsize physical asset footprint and maximize net worth. I therefore shun, as much as possible, depreciating assets like cars and watches. I don’t believe in watches or cars as investments, no matter how “special” they are. Put the money in the market. This is a once-in-a-decade money making opportunity.
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08-20-2020, 10:28 AM	#9
Darth One drunk poster 6613 Rep 3,649 Posts Drives: M4 GTS \| E46 M3 Join Date: Jul 2008 Location: FL iTrader: (0)	#2. Should i PM you my Paypal/Venmo details now?
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08-20-2020, 10:52 AM	#10
CTinline-six Hoonigan 6816 Rep 3,000 Posts Drives: '09 328i, '98 Wrangler Join Date: Dec 2016 Location: Connecticut iTrader: (0) Garage List 2009 BMW 328i N51 [0.00]	If someone gave me $50k I'd probably be responsible with it... But it's fun to think I'd buy a project car. Watches I could really care less about. I have a few that look nice with my work attire, but I'm not really 'into' them.
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08-20-2020, 11:01 AM	#11
Soul_Glo Major General 13342 Rep 7,484 Posts Drives: G20 Join Date: May 2013 Location: Manhattan, NYC iTrader: (1)	Put it all on the wife's medical insurance/bills/treatment for her lung cancer. Whatever was left would be a shopping spree for her, renew our vows and, a diamond eternity ring.
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03-06-2022, 03:11 PM	#13
evil-G-nius Broke A$$ Super Hero 2212 Rep 248 Posts Drives: Infiniti G37 S Coupe Join Date: Jan 2021 Location: PSL Florida iTrader: (0)	Well...since I have no deabt at the moment I'd probably boost my car. However, since we just bought a house we will have a mortgage and thus some debt, I'd have to put that towards paying down the principal on the loan. That would be the smart play for me I think
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03-06-2022, 04:47 PM	#16
PJLux Private First Class 97 Rep 103 Posts Drives: BMW E90 328i Join Date: May 2019 Location: Las Vegas iTrader: (0)	Probably double down on my Raytheon holdings, I'm thinking when China makes a move it's going to explode, no pun intended. Additionally as TheVazha mentioned MGM, it seemed overvalued to me (beating out GM per share, damn chip shortage) however Vegas is predicting 2022 earnings to be greater than 2019 so I'll be keeping an eye on that one.
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03-07-2022, 05:11 AM	#17
slev1111n New Member 0 Rep 5 Posts Drives: bmw x5 Join Date: Mar 2022 Location: FL iTrader: (0)	Definitely invest 80% in something, the rest can be spent on yourself
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03-07-2022, 08:01 AM	#19
Alfisti Brigadier General 6496 Rep 3,030 Posts Drives: 2008 Saab 9-3 Combi Join Date: Nov 2014 Location: Toronto, Canada iTrader: (0)	Throw it on the RRSP (CDN pension plan effectively). Will save 53%, yes 53%, right off the bat. From there it can grow even conservatively and you're miles in front. So if I put 50K down, i get to keep 26K so now I have 76K to grow.
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03-07-2022, 08:06 AM	#20
its55 2008 BMW E92 M3 281 Rep 108 Posts Drives: BMW M3 Join Date: Jan 2022 Location: Somewhere, USA iTrader: (0) Garage List 2020 BMW 330i G20 [0.00] 2008 BMW E92 M3 [0.00] 1997 BMW M3 [0.00] 1978 BMW 325is [0.00] 1992 BMW 325is M Te ... [0.00]	$50K invested in my home would increase its value by $200K.
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03-07-2022, 09:03 AM	#22
Frostynorth Weirdo 431 Rep 182 Posts Drives: 2011 e92 M3 Join Date: Jun 2020 Location: Middle of nowhere iTrader: (0)	Pay someone to finish the basement and get a bunch of art framed, everything else on the mortgage.
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