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What would you do with $50,000 in cash right now?
invite response
2010 Oct 17, 11:53am 24,401 views 42 comments
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41
Fast Eddie
2010 Dec 16, 8:43pm
$50,000 in cash - Take $40,000 and put it into a target date fund from Vanguard, Fidelity or T. Rowe Price, use a small portion for necessity and bills and a small portion for fun.
42
TechGromit
2010 Dec 16, 9:56pm
TechGromit
2010 Dec 16, 9:56pm
On second thought, enjoy life while you can, I say spend it on Drugs and Hookers.
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I currently have $50,000 sitting in a savings account that pays less than 1%.
This is basically a safety net. I have very little fear of losing my job, but you never know -- shit happens.
So, I'm looking for something that is liquid enough that I can get access to it in under two weeks if I need it, but which still gives me a better return, ideally at least keeping up with inflation over the next few years.