You get one pick, one course of action for the full wad. What is it?
May 06, 2006
Say $100,000 just landed in your lap. What would you do with it this week?
Posted by blogger at 5/06/2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Posted by blogger at 5/06/2006
35 comments:
buy oil
gold. in coins.
Buy Canadian Dollars, Swiss Francs, Euros, and maybe some Russian Rubles. . . .who would have thought the Ruble would be a strong currency in 2006!!?? . . its all about oil and gold and other commodities.
You should use the money to buy property in Boulder! Unlike other areas, Boulder just goes up and up! And all the cool people live there!
I have a 25 square foot garden shed behind a crackhouse that I can sell for just 100k, but you better hurry--they're not making any more sheds!
buy a house in colorado - hey where's osman??
I would pay off all my Student loans :-(
I would give all the money to the church and pray for love and world peace!..
ya ok I would roll the greenest fatty going and celebrate my note payoff in full + extra for the gold and silver.
I'd buy a crackhouse in CA. Wait a minute, crackhouses cost $1mil there. Dammit!!
hahahah classic!
buy stock in GM...that company has got potential!
2008 In the money puts on builder stocks. They've fallen but things will be getting MUCH worse.
Buy Tusk Energy, they are onto a massive light oil discovery.
Swinging for the fences, or a reasonably prudent investment?
As far as the first: natural gas futures. We're going to hit peak gas in north america soon, and if the summer is hot, watch out!
As far as the second?
(1) Japanese financial stock ETF
(2) Russian ETF
Finish paying off my house, burn the loan paperwork, quit my job, and apply for work as a forest service guy.
quick folks put it on ABC they are doing a realestate show....should be interesting to say the least
Club Paradise in Vegas.....champagne room
I would buy a church and convert it to condos.
In Boulder, of course.
The Banker hasn't been round here in weeks........
I'd spend it on fencing for the ranch. Anything left over, horses, horses, horses.
The Banker is probably going to the bank with the way the stock markets are this year........
Don't pay off loans... they're cheap.
Forex. Hard assets.
Mind you, I should have listened to my own advice 1/2 a year ago. Would have been up big time.
Life’s too short.
To borrow slightly from the great Irish playwright Paddy Chayefsky:
"The first nine hundred thousand I'd spend on fast cars, gorgeous hookers, and good Irish whiskey! The other hundred thousand I'd waste!"
He used a million, so just down size a little.
yes, don't pay off the student loan.
my loans are at 2%, even below inflation.
buy June 52.5 puts on NEM stock, it's headed south big time....if I could split it I'd get 20% May puts, 80% June puts.
Probably sell by May 15 on the May puts, bottom a bit later for the June puts....watch the stock, you'll see I was right....
Keith,
$9o,ooo.oo did just land in my lap, long story. Additionally, I rent. I do not know what to do with the cash to protect it, never mind generate an ROI.
I would do the opposite of what the masses do.
keep it.
I'd go down to ASU and find the best college girl who needs some help with tuition ;0
buy a Glock, 9mm and canned tuna
put in a cd at 5 percent at local savings and loan.
after 2 years, balance will be
at least $110,000. then buy
dirt cheep properties in san diego
to start this cycle again ;)
Hide it under a couch, safest place!
Someone mentioned buying puts on NEM...I've considered buying Sept 25 puts on TOL. Can't say I would put $100K on it though.
If I had $100K I would:
- spend $15K on my upcoming wedding
- buy $10K of stock in a good metalworking company (if Buffett likes the sector, maybe I should too)
- spend $15K on a used Ford pickup (my 1995 Saturn is barely hanging on)
- spend $15K to landscape my back yard (imagine a steeply sloped hill of clay --- not good)
- place the rest in a carefully chosen basket of stocks and bonds, perhaps tax sheltering about 50% of it for retirement, and the rest for anything that could come up before retirement
I just can't seem to disagree with this strategy.
"Club Paradise in Vegas.....champagne room"
GOLDX fund
Put it all in silver, ah yes i already did. lol, NXG is an awesome gold stock also.
Buy the monopoly ADBE (Adobe)
Price is cheap and they will be printing $ in a couple quarters.
No Brainer!
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I have a apply secured loan personal loans site.
Come and check it out if you get time :-)
Greetings.
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