What would you do with $20,000.00?

[Brainonska511]

<Office Space>I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...</Office Space>

 

[Gooberlx2]

Pay off debts.

 

[imported_Imp]

Stick in bank, rake in ~$800 a year in interest... what a joke.

 

[skyking]

Down payment on some property.

 

[thegimp03]

Invest it all in high risk high yield stocks.

 

[Special K]

business school tuition

 

[Greenman]

So where would you gentlemen park a bit of cash if you needed to be able to access it quickly, say three days or less?
Because of the business I'm in, I have working capital that is often just sitting in my checking account. It seems like there should be some sort of low risk short term parking for cash somewhere.

 

[MegaVovaN]

Invest, DUH.

 

[TallBill]

USAA precious metals and minerals fund. Oh wait, I just made that investment.

 

[AbAbber2k]

Invest 10k, pay off student loans and buy a new computer.

 

[Special K]

Originally posted by: Greenman
So where would you gentlemen park a bit of cash if you needed to be able to access it quickly, say three days or less?
Because of the business I'm in, I have working capital that is often just sitting in my checking account. It seems like there should be some sort of low risk short term parking for cash somewhere.

Vanguard money market mutual fund (VMMXX)?

 

[homercles337]

I would get *half way* out of debt.

 

[Engineer]

Originally posted by: homercles337
I would get *half way* out of debt.

If $20,000 is half, then, IMO, you are in great shape!

 

[nanette1985]

Buy something, sell it for more.
Repeat.

 

[hiromizu]

I'll tell you what I'd do man...two chicks at the same time man.

 

[Fritzo]

Pay off my hoem equity loan so I could use my extra cash each month to invest in some funds.

 

[MmmSkyscraper]

Originally posted by: hiromizu
I'll tell you what I'd do man...two chicks at the same time man.

:thumbsup:

 

[Summitdrinker]

buy a 8,000 to 10,000 dollar used car, payoff all debts, put the rest (about 5 to 7K) in the bank as a safety net

 

[Greenman]

Originally posted by: Special K

Originally posted by: Greenman
So where would you gentlemen park a bit of cash if you needed to be able to access it quickly, say three days or less?
Because of the business I'm in, I have working capital that is often just sitting in my checking account. It seems like there should be some sort of low risk short term parking for cash somewhere.

Vanguard money market mutual fund (VMMXX)?

Thanks, I'll look into this.

 

[Fingolfin269]

Originally posted by: hiromizu
I'll tell you what I'd do man...two chicks at the same time man.

I'm glad I read through this first because I was going in this direction as well...

 

[Cattlegod]

INVEST IT IN THE CANADIAN DOLLAR

 

[Apple Of Sodom]

Put a down payment on some income property (e.g. a duplex.)
$20K isn't really that much though. I have about that much right now and I'm not doing crap with it because the wife doesn't know if she wants to get back into the real estate business. It is a lot of work.

 

[Engineer]

Originally posted by: Cattlegod
INVEST IT IN THE CANADIAN DOLLAR

Is it too late for that? Is the US dollar really going to fall much more?

 

[gotsmack]

Originally posted by: Engineer

Originally posted by: alien42

Originally posted by: Engineer

Originally posted by: hoyaguru

Originally posted by: The Boston Dangler
pay off cc debt. maybe pay off the car with the rest, maybe put it into an ING accout.

ING is at about 4.5% interest I think, which comes to about $900 a year, I'm talking about making some good money quick. Best I cna think of is a downpayment on a crap house, fix it up, and re-sell it, but the market sucks right now.

Here's the advise that AnonymousUser gave me last year. Invest it in FRPT (Force Protection Industries) and let it run. It was $17 per share in January and now is at $24 (range of $13.99 to $31+ since that time). New government money (4 to 5 times more than expected) going toward that area of defense and company is growing and expanding like crazy. Of course, do your own research, YMMV and good luck!

i remember when FRPT was under $2. i am not saying that there is not more money to be made with FRPT but there are other OTC companies out there that will provide the same type return that FRPT already has.

Absolutely, I agree. I'm just stating that FRPT has the possibility to run more....much more with the new money ($23.8 billion dollars) thrown in by Congress. If they were to get even 20% of that money, $4 billion into a company worth $1.5 billion would skyrocket the stock.

I wish I could and known/would have bought it at $2!


By the way, throw out a few names so the rest of us can cash in too!

Maybe SDGL?

not OTC but GME is expected to have a good run.

I bought a bunch on Thursday.

If you want something safe out it in NMX.

 

[miketheidiot]

money market still a good place to be?