So if you had $70,000 to invest what would you do?

[TheNinja]

Here's the situation:

I decided not to buy in California right now. The market in my area is far too risky, -7% last year, I'd be getting an Interest only loan, and might only be around 3-5 years. So what should I do with my $70,000? I want to keep around 20k in my savings, which I get a guarenteed 5.05% return. What should I do with the rest? I'm not a big stock picker guy. I'm thinking of splitting 3-4 ways but into what? I always hear about Index funds that get an average of 6-10%. I'm looking for medium to medium-low risk.

<-- Investing N00b


edit: err bonds, not bongs


edit: sort of have it narrowed down to 2 options

My two options

50k in 5.05% savings
10k in VFINX
5k in JAOSX
5k in RYVPX

OR a more risky mix

40k in 5.05% savings
10k in VFINX
10k in JAOSX
10k in RYVPX

 

[Mxylplyx]

I cant imagine what I would do with 70K worth of bongs.

 

[us3rnotfound]

I'd invest in 100 Grand.

The chocolate you dipshit!

 

[Phokus]

Originally posted by: Mxylplyx
I cant imagine what I would do with 70K worth of bongs.

Sell them and make a profit?

 

[Kirby]

Originally posted by: Mxylplyx
I cant imagine what I would do with 70K worth of bongs.

Maybe $100 on the bongs, the other $69900 would be on something else.

 

[Jhill]

bongs, man.
They when they legaliza marijuanna, your set.

 

[Phokus]

Originally posted by: Jhill
bongs, man.
They when they legaliza marijuanna, your set.

He lives in california... he can sell them to people who have 'glaucoma'

 

[BooGiMaN]

bet it on one spin of the roulette table, film it and post the video on youtube!

 

[jfall]

I'd talk to a financial planner

 

[Dr. Detroit]

$70K - and you want short term and pretty low risk

Stick it all into a CD at around 5.5%. Check the Fatwallet finance forums for the best rates.

Market is extrememly volatile and not a guranteed 8% increase per year as the global economy is taking a beating.

 

[RichardE]

Originally posted by: Mxylplyx
I cant imagine what I would do with 70K worth of bongs.

Have a big party?

 

[Phokus]

Originally posted by: Fmr12B
$70K - and you want short term and pretty low risk

Stick it all into a CD at around 5.5%. Check the Fatwallet finance forums for the best rates.

Market is extrememly volatile and not a guranteed 8% increase per year as the global economy is taking a beating.

Heck, he could probably get 5.45% from an online savings account (usually a minimum of $50k for those rates) and get more liquidity

 

[Jawo]

Originally posted by: RichardE

Originally posted by: Mxylplyx
I cant imagine what I would do with 70K worth of bongs.

Have a big party?

And invite all of ATOT over!

 

[Mxylplyx]

Originally posted by: Jhill
bongs, man.
They when they legaliza marijuanna, your set.

Perhaps instead of $70K worth of bongs, maybe a single bong that costs $70K. Now what would that be like??

 

[Phokus]

Originally posted by: Mxylplyx

Originally posted by: Jhill
bongs, man.
They when they legaliza marijuanna, your set.

Perhaps instead of $70K worth of bongs, maybe a single bong that costs $70K. Now what would that be like??

gold plated/diamond encrusted?

 

[Liviathan]

Depends what your plan/time lime is. For sure some on CD's or some kinda high yield savings account. But I would always put some in a mutual fund.

 

[nakedfrog]

I'd buy another house and fix it up. I have my eye on one that's sitting at $60k right now, but I'm betting they'd take closer to $50k.

 

[RichardE]

Originally posted by: Phokus

Originally posted by: Mxylplyx

Originally posted by: Jhill
bongs, man.
They when they legaliza marijuanna, your set.

Perhaps instead of $70K worth of bongs, maybe a single bong that costs $70K. Now what would that be like??

gold plated/diamond encrusted?

self cleaning, slow burning

 

[J0hnny]

Originally posted by: Phokus

Originally posted by: Fmr12B
$70K - and you want short term and pretty low risk

Stick it all into a CD at around 5.5%. Check the Fatwallet finance forums for the best rates.

Market is extrememly volatile and not a guranteed 8% increase per year as the global economy is taking a beating.

Heck, he could probably get 5.45% from an online savings account (usually a minimum of $50k for those rates) and get more liquidity

HSBC online account makes 6%! No minimums!!!

 

[daniel3168]

i would buy invest $30,000 in drugs and sell them on the streets

 

[Phokus]

Originally posted by: J0hnny

Originally posted by: Phokus

Originally posted by: Fmr12B
$70K - and you want short term and pretty low risk

Stick it all into a CD at around 5.5%. Check the Fatwallet finance forums for the best rates.

Market is extrememly volatile and not a guranteed 8% increase per year as the global economy is taking a beating.

Heck, he could probably get 5.45% from an online savings account (usually a minimum of $50k for those rates) and get more liquidity

HSBC online account makes 6%! No minimums!!!

Uh, is that permanent or 60 introductary rate? *frantically opens up FW forums*

 

[Passions]

Originally posted by: J0hnny

Originally posted by: Phokus

Originally posted by: Fmr12B
$70K - and you want short term and pretty low risk

Stick it all into a CD at around 5.5%. Check the Fatwallet finance forums for the best rates.

Market is extrememly volatile and not a guranteed 8% increase per year as the global economy is taking a beating.

Heck, he could probably get 5.45% from an online savings account (usually a minimum of $50k for those rates) and get more liquidity

HSBC online account makes 6%! No minimums!!!

Only until April.

 

[Ricochet]

First of all, congratulation for saving that much money. I have about 50k in savings right now. I would have the same amount as you if family members would stop borrowing money from me. I'm in the same predicament. I want to make my money work for me.

I'm assuming you're still relatively young (22-35 y/o). If that is the case, you can afford to be a little bit more risky. Right now I'm looking at stocks that are down in the slumps. As an example is AMD. Since I'm more likely to keep up with the technology stocks, I think this is a potential buy for me. Still on the fence ATM. Other stocks I'm looking at right now are the subprime lenders. The ones that have survived the scare (the scare is not over yet, though) is going back up. Of course, I'm more speculative than conservative so do your own homework and decide whether the risk is worth it.

 

[J0hnny]

Definitely a HYIP

High Yield Investment Program!!

You can join mine!
10% to 12.5% per month on your money
with No Work and Little to No Risk!!!

I can tell you that the program allowed me to make nearly 100% ROI. I won't charge you a dime to find out exactly what I am doing

PM me for details!!

Example (10% every month):
April: Invest 70K
May: $77,000
June: $84,700
July: $93,170
.....
April 2008: $181,562

 

[K1052]

I'd keep $10K of that in high interest savings and invest the rest in index funds/ETFs.