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if you had 10k dollars

kevin24018
Posts: 3,475
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1/2/2017 9:51:49 PM
Posted: 8 months ago
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?
ken1122
Posts: 1,187
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1/3/2017 5:25:09 AM
Posted: 8 months ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.
kevin24018
Posts: 3,475
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1/3/2017 1:39:43 PM
Posted: 8 months ago
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
ken1122
Posts: 1,187
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1/3/2017 1:50:23 PM
Posted: 8 months ago
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.
dc0404
Posts: 285
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1/3/2017 2:23:58 PM
Posted: 8 months ago
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I have spoken with so many financial advisers and the best decisions have always been what I ultimately decided to do on my own, versus be coerced by any one adviser. For me, I would diversify the investment versus drawing nearly negative interest rates in a typical bank account. How about this: 1) 25% "cash under the mattress" a hedge if some sort of "event" occurs where liquidity is king, 2) 25% precious metals held personally or in private/secure storage, 3) 25% professionally managed by an adviser, like a mutual fund, 4) 25% in to some sort of long term land or real-estate holding or profitable business investment

DC
kevin24018
Posts: 3,475
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1/3/2017 2:51:13 PM
Posted: 8 months ago
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo
kevin24018
Posts: 3,475
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1/3/2017 2:53:25 PM
Posted: 8 months ago
At 1/3/2017 2:23:58 PM, dc0404 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I have spoken with so many financial advisers and the best decisions have always been what I ultimately decided to do on my own, versus be coerced by any one adviser. For me, I would diversify the investment versus drawing nearly negative interest rates in a typical bank account. How about this: 1) 25% "cash under the mattress" a hedge if some sort of "event" occurs where liquidity is king, 2) 25% precious metals held personally or in private/secure storage, 3) 25% professionally managed by an adviser, like a mutual fund, 4) 25% in to some sort of long term land or real-estate holding or profitable business investment

DC

I messed around a little bit with the simulator on investopedia.com and the precious metals I'm not so sure about, maybe over the very long haul.
what % rate of return would you shoot for in #4?
Fernyx
Posts: 661
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1/3/2017 3:07:50 PM
Posted: 8 months ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest 5k in Tesla, save the rest.
kevin24018
Posts: 3,475
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1/3/2017 3:16:16 PM
Posted: 8 months ago
At 1/3/2017 3:07:50 PM, Fernyx wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest 5k in Tesla, save the rest.

ADVANCED MICRO DEVICES, INC.100$2.64$11.25$1,124.90- $9.10(-0.80 %)$860.91(326.11 %)
although it's just a simulator, that's a heck of a return, wish I had real money in it when I first "bought" that stock. Of course not all my picks are doing well, but then again it's just a simulator.
Fernyx
Posts: 661
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1/3/2017 4:28:38 PM
Posted: 8 months ago
At 1/3/2017 3:16:16 PM, kevin24018 wrote:
At 1/3/2017 3:07:50 PM, Fernyx wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest 5k in Tesla, save the rest.

ADVANCED MICRO DEVICES, INC.100$2.64$11.25$1,124.90- $9.10(-0.80 %)$860.91(326.11 %)
although it's just a simulator, that's a heck of a return, wish I had real money in it when I first "bought" that stock. Of course not all my picks are doing well, but then again it's just a simulator.

I like the direction of Tesla, they just turned their first profit and as a result will likely make more affordable models. With this, there is a growing appeal for electric cars as people are growing increasingly worried about climate which draws more customers. If they could make an affordable car to compete with the Prius, and another car like a Focus/Camry but all electric for the same price, they could see massive growth in the future.
sadolite
Posts: 9,445
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1/3/2017 8:46:06 PM
Posted: 8 months ago
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.
kevin24018
Posts: 3,475
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1/3/2017 9:34:52 PM
Posted: 8 months ago
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.
sadolite
Posts: 9,445
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1/3/2017 9:52:09 PM
Posted: 8 months ago
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.
kevin24018
Posts: 3,475
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1/3/2017 9:55:16 PM
Posted: 8 months ago
At 1/3/2017 9:52:09 PM, sadolite wrote:
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.

very true, but like you said 10k won't get you far by yourself, with lending being tighter, down payment %, closing costs etc, though there's probably some kind of co-op you can buy into I guess.
dc0404
Posts: 285
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1/4/2017 1:23:22 AM
Posted: 8 months ago
At 1/3/2017 2:53:25 PM, kevin24018 wrote:
At 1/3/2017 2:23:58 PM, dc0404 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I have spoken with so many financial advisers and the best decisions have always been what I ultimately decided to do on my own, versus be coerced by any one adviser. For me, I would diversify the investment versus drawing nearly negative interest rates in a typical bank account. How about this: 1) 25% "cash under the mattress" a hedge if some sort of "event" occurs where liquidity is king, 2) 25% precious metals held personally or in private/secure storage, 3) 25% professionally managed by an adviser, like a mutual fund, 4) 25% in to some sort of long term land or real-estate holding or profitable business investment

DC

I messed around a little bit with the simulator on investopedia.com and the precious metals I'm not so sure about, maybe over the very long haul.
what % rate of return would you shoot for in #4?

Well, as you probably noticed, the main "strategy" I employed was diversification, I don't think anyone could argue that. To correct myself, #2 in precious metals is not an investment, it is an insurance policy. That is the way I look at precious metals in a world of a declining dollar... as you say, in the long term this will probably be a could "policy" to buy. In terms of any real-estate holding, or business investment, I am not really a fan of investing in real-estate unless you plan to make them positive income generating, so I would only invest in real-estate that I choose to keep/use, but with the underlying diversification strategy, overall the 4 investments is sound. Business investments will vary widely. Buying a business or buying into a business that is a full functioning business versus a startup are very different outcomes. I have done the latter and I expect the rate of return to be 90 times... not kidding, but as I said, it is a startup. I run a 30 million dollar business, and if I were to invest in my business that has been in business for over 15 years, that return would be far less, probably would expect a cash on cash return of at least 2-3 times.
sadolite
Posts: 9,445
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1/4/2017 5:34:39 AM
Posted: 8 months ago
At 1/3/2017 9:55:16 PM, kevin24018 wrote:
At 1/3/2017 9:52:09 PM, sadolite wrote:
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.

very true, but like you said 10k won't get you far by yourself, with lending being tighter, down payment %, closing costs etc, though there's probably some kind of co-op you can buy into I guess.

Creative financing: There are 1001 ways to finance a property short term. All financial investments have two things in common "risk and ambition". Knowledge reduces risk and ambition increases the chance of success. It really doesn't matter how you invest the money, what matters is your knowledge of what you invest it in and the level of effort you put into making your investment succeed.
sadolite
Posts: 9,445
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1/4/2017 5:39:43 AM
Posted: 8 months ago
At 1/4/2017 5:34:39 AM, sadolite wrote:
At 1/3/2017 9:55:16 PM, kevin24018 wrote:
At 1/3/2017 9:52:09 PM, sadolite wrote:
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.

very true, but like you said 10k won't get you far by yourself, with lending being tighter, down payment %, closing costs etc, though there's probably some kind of co-op you can buy into I guess.

Creative financing: There are 1001 ways to finance a property short term. All financial investments have two things in common "risk and ambition". Knowledge reduces risk and ambition increases the chance of success. It really doesn't matter how you invest the money, what matters is your knowledge of what you invest it in and the level of effort you put into making your investment succeed.

It sounds like you have little to no knowledge of any kind of investment strategy at this point and any investment would most likely end in the loss of your principal short of a no risk 1% or less return CD or a basic low interest savings account.
FanboyMctroll
Posts: 2,635
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1/10/2017 6:56:35 PM
Posted: 8 months ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Hookers and blow
RonPaulConservative
Posts: 334
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1/15/2017 5:25:03 PM
Posted: 8 months ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

buy silver, it's undervalued, right now it's 16.87, but its natural price is 21$, therefor I buy silver and sell it when it goes up, thus turning 10,000$ into 12,448$
"In the name of welfare and equality, the twentieth-century liberal has come to favor a revival of the very policies of state intervention and paternalism against which classical liberalism fought. In the very act of turning back the clock to seventeenth-century mercantilism, he is fond of castigating true liberals as reactionary [opposing progress]!" - Capitalism and Freedom, by Milton Friedman, Introduction.
ken1122
Posts: 1,187
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1/18/2017 5:52:01 AM
Posted: 8 months ago
At 1/3/2017 2:51:13 PM, kevin24018 wrote:
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo

6% or 7% would be about what I would expect.

Ken
ken1122
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1/18/2017 5:53:45 AM
Posted: 8 months ago
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I already have a broker that I trust so I would give it to him, but if I did not have one, I would talk to a broker and get some ideas of what to do
kevin24018
Posts: 3,475
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1/18/2017 1:25:44 PM
Posted: 8 months ago
At 1/18/2017 5:52:01 AM, ken1122 wrote:
At 1/3/2017 2:51:13 PM, kevin24018 wrote:
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo

6% or 7% would be about what I would expect.

Ken

I think that's a good % to aim for, I'm fairly conservative, though my 401k is semi aggressive and my 5 year % is about 9
ken1122
Posts: 1,187
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1/19/2017 9:04:01 PM
Posted: 8 months ago
At 1/18/2017 1:25:44 PM, kevin24018 wrote:
At 1/18/2017 5:52:01 AM, ken1122 wrote:
At 1/3/2017 2:51:13 PM, kevin24018 wrote:
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo

6% or 7% would be about what I would expect.

Ken

I think that's a good % to aim for, I'm fairly conservative, though my 401k is semi aggressive and my 5 year % is about 9

If that is a company 401K that matches a percentage of what you invest, that would be the route to go; you probably aren't going to find anything to give you as good of a rate of return as that
cyprus_junior
Posts: 5
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1/21/2017 7:47:25 AM
Posted: 8 months ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

This question is very common on interviews in financial industry. More specific, he told you "If you have $1.000.000 and you want to double it within some years, what would you do?". i think the answer to the interview is to invest in bonds (if you are a risk averse person) or in new start ups (if you are a risk lover) but never forget that they do not exist perfect investments. The best investment is different from person to person.
Raisor
Posts: 5,034
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1/24/2017 11:49:02 PM
Posted: 7 months ago
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

Historically the stock market gives 7-9% annual real returns. That means the 10k would be 20k, 40k, and 80k after 10, 20, 30 years respectively. Yes investing is about be patient and diligent, but the reward is pretty substantial.

Not sure why you are planning on never retiring. It is never too late to start planning.
We gonna pull up like the ice cream truck
Raisor
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1/25/2017 12:09:06 AM
Posted: 7 months ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

There is not enough information to provide an answer.

Do you have an emergency fund? If not, the 10k is now your emergency fund. Keep it in a high interest savings account. Top interest rate is about 1% right now.

If you have an emergency fund- how old are you? Do you have any other savings/investment? How close are you to retiring? What is you risk profile?

Me personally- every cent would go to Vanguard. I am bond heavy right now so it would all go into my equity funds.

A better person than me would probably give 10% to charity as well.
We gonna pull up like the ice cream truck
sadolite
Posts: 9,445
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1/25/2017 12:30:50 AM
Posted: 7 months ago
At 1/24/2017 11:49:02 PM, Raisor wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

Historically the stock market gives 7-9% annual real returns. That means the 10k would be 20k, 40k, and 80k after 10, 20, 30 years respectively. Yes investing is about be patient and diligent, but the reward is pretty substantial.

Not sure why you are planning on never retiring. It is never too late to start planning.

Eh you are aware that the country is 20 trillion in debt don't you? That debt will soon come due and you and I will have to pay it. The first thing the govt will do is devalue the currency thus wiping out any money you have or will save. It will be worthless.
Raisor
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1/25/2017 12:42:39 AM
Posted: 7 months ago
At 1/25/2017 12:30:50 AM, sadolite wrote:
At 1/24/2017 11:49:02 PM, Raisor wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

Historically the stock market gives 7-9% annual real returns. That means the 10k would be 20k, 40k, and 80k after 10, 20, 30 years respectively. Yes investing is about be patient and diligent, but the reward is pretty substantial.

Not sure why you are planning on never retiring. It is never too late to start planning.

Eh you are aware that the country is 20 trillion in debt don't you? That debt will soon come due and you and I will have to pay it. The first thing the govt will do is devalue the currency thus wiping out any money you have or will save. It will be worthless.

Lmao ok, well if that happens I will be screwed no matter what I do. If you are wrong and the global economy does NOT irreparably collapse, the people who invested will be rich and those who played chicken little will be wondering why they can't retire.

FWIW there have been many major economic crises and the world always recovers. Yeah WW3 could happen but it is impossible to plan for black swan events.

"The global economy will implode and never recover" is a B A D excuse to not save for retirement. If you are really that scared you should be dumping money into barter goods and real estate- no matter what you should be doing something other than planning to fail.
We gonna pull up like the ice cream truck
kevin24018
Posts: 3,475
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1/25/2017 3:20:27 AM
Posted: 7 months ago
At 1/25/2017 12:09:06 AM, Raisor wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

There is not enough information to provide an answer.

Do you have an emergency fund? If not, the 10k is now your emergency fund. Keep it in a high interest savings account. Top interest rate is about 1% right now.

If you have an emergency fund- how old are you? Do you have any other savings/investment? How close are you to retiring? What is you risk profile?

Me personally- every cent would go to Vanguard. I am bond heavy right now so it would all go into my equity funds.

A better person than me would probably give 10% to charity as well.

it was just a general question, I was bored lol, I'm on par to retire with more money than is projected I will need, by about 5% more, I can retire with a pension in 10 years, my employer has the rule of 80, but doubt I could afford to do it that early. I have about 12k in savings.
Raisor
Posts: 5,034
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1/25/2017 3:52:15 AM
Posted: 7 months ago
At 1/25/2017 3:20:27 AM, kevin24018 wrote:
At 1/25/2017 12:09:06 AM, Raisor wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

There is not enough information to provide an answer.

Do you have an emergency fund? If not, the 10k is now your emergency fund. Keep it in a high interest savings account. Top interest rate is about 1% right now.

If you have an emergency fund- how old are you? Do you have any other savings/investment? How close are you to retiring? What is you risk profile?

Me personally- every cent would go to Vanguard. I am bond heavy right now so it would all go into my equity funds.

A better person than me would probably give 10% to charity as well.

it was just a general question, I was bored lol, I'm on par to retire with more money than is projected I will need, by about 5% more, I can retire with a pension in 10 years, my employer has the rule of 80, but doubt I could afford to do it that early. I have about 12k in savings.

Pensions scare me- your future depends on your pension program's solvency. Pension programs can and do fail. Many don't, but a pension is not a guarantee.

You should start saving and investing more aggressively. How long would that 12k last you if you had to live on it? What would you do if your pension program failed?
We gonna pull up like the ice cream truck