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What would you do with $50,000 in cash right now?
2010 Oct 17, 11:53am 25,262 views 42 comments
by nope follow (0)
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SFace
@
2010 Oct 17, 6:10pm
Specifically, I would put
20K on PBR. with dilution behind the company and no more dilution prospectively, it will be by far the fastest growing oil/gas upstream/downstream in the world. Little downside from here, terrific upside.
10K on PHM. Trading at 80% of book value and housing starts at historic lows and no dilution prospectively, 2011 will be the year that homebuilders turn the corner. Little downside but huge upside from here. In 5 years when new homes sold are back to the 1M level, this stock will be in the 30's.
20K cash/low yield account.
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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.