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What would you do with $50,000 in cash right now?
2010 Oct 17, 11:53am 25,252 views 42 comments
by nope follow (0)
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carrierpigeon
@
2010 Dec 13, 11:03pm
As the Treasury prints money hand over fist and the fiat currencies around the world are being diluted constantly in the historical fashion of currencies that have wound toward unsustainability, have you studied physical metals? When you see what ALL the markets have done over the last decade and compare that to holding physical metals the decision to put that $50k into PARTICULARLY physical bullion silver is a NO BRAINER. Take a little time and read the following article and peruse the website focusing on the fundamentals of where silver is now and where it is headed and WHY. This is NOT a hard decision.
http://www.industrymailout.com/Industry/View.aspx?id=245442&q=264546678&qz=3f9465
$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.
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.