What to do with $70,000.00?

**Johny-too-small** · 02-15-2007, 12:32 PM

If you had $70,000.00 in your savings account that you wanted to invest in any sector or business what would you do?

Forget single-family residences, the housing market blows right now.

**Snrf** · 02-15-2007, 12:35 PM

i'd give it to someone called Snrfmaster

**Johny-too-small** · 02-15-2007, 12:37 PM

then what would you do with it?

**spywizard** · 02-15-2007, 12:37 PM

high interest 2nds...

**Johny-too-small** · 02-15-2007, 12:42 PM

Originally Posted by spywizard

high interest 2nds...

What are these?

**PROTEINSHAKE** · 02-15-2007, 12:44 PM

send it to getnjakked so he can hire a coach for the chargers

**Johny-too-small** · 02-15-2007, 12:47 PM

Chargers could get a good coach for 70k.

No return on the money for me though.

**Timm1704** · 02-15-2007, 12:58 PM

living in the UK id buy a house outright with that amount of cash. just to get on the ladder, and get that off my back. if i had any left over id get myself a 6 months course of GH

**donniebrasco** · 02-15-2007, 01:01 PM

buy to let in student accommodation, you might be able to get a mortgage on the first and buy a second.

**Johny-too-small** · 02-15-2007, 01:03 PM

Originally Posted by Timm1704

living in the UK id buy a house outright with that amount of cash. just to get on the ladder, and get that off my back. if i had any left over id get myself a 6 months course of GH

I own 3 properties. I rent two of them and live in the other. I tried to sell one of them and it sat for 6 months. I want to invest in something else. GH sounds nummy!

**Snrf** · 02-15-2007, 01:05 PM

Originally Posted by donniebrasco

buy to let in student accommodation, you might be able to get a mortgage on the first and buy a second.

I fvcking hate buy-to-letters. All those fvcks driving up house prices, I'd make it illegal, or impose a 50% tax on 2nd houses, that'd fvck them up

**Snrf** · 02-15-2007, 01:07 PM

and you couldn't buy a house outright for $70k Timm, thats like £37k.

Originally Posted by Johnny-too-small

then what would you do with it?

Something illegal

**Timm1704** · 02-15-2007, 01:26 PM

Originally Posted by Snrfmaster

and you couldn't buy a house outright for $70k Timm, thats like £37k.

Something illegal

ah ofcourse, he meant dollars

SVTMuscle* · 02-15-2007, 01:40 PM

Land. God isn't making any more of it.

**aadrenaline** · 02-15-2007, 01:51 PM

theres a lot you could do with money..how old are you? start a IRA and invest 4k a year after 40 years it'll cost you like $160k but the turnaround is over 3million. nice little retirement cusion.

or land like svt said. im moving to hawaii in fall to branch out with a mortgage company and get my realestate license as well land is selling left and right over there in oahu..they keep building.

**Johny-too-small** · 02-15-2007, 02:09 PM

Im 30. I looked at land like SVT said and I think that might be the route to go. 70k buys some land in several track-home developments. Id like to build something with a little more style without having to build an hour outside the city (denver). I dont want to go over 70k because I need some cash to buy my gear and food, lol.

**UpstateTank** · 02-15-2007, 02:11 PM

Originally Posted by Johny-too-small

If you had $70,000.00 in your savings account that you wanted to invest in any sector or business what would you do?

Forget single-family residences, the housing market blows right now.

Buy 280,000 gumballs?

**Johny-too-small** · 02-15-2007, 02:18 PM

Originally Posted by UpstateTank

Buy 280,000 gumballs?

those tiny candy machines can add up if you have a ton of them around town. My buddy makes $50k year in quarters. He just drives around town once a month and collects and refills.

RA · 02-15-2007, 02:38 PM

Doesnt it makes sense that since the housing market blows that this is the time to buy?? Its not going to stay that way forever and you could pick up a sweet deal right now. I say real estate.

**Johny-too-small** · 02-15-2007, 02:55 PM

Originally Posted by roidattack

Doesnt it makes sense that since the housing market blows that this is the time to buy?? Its not going to stay that way forever and you could pick up a sweet deal right now. I say real estate.

Youre right, its a buyers market. I might be able to buy something for a good deal, but I dont want to wait a year or two for it to raise in value. I already have two other properties that wont sell. I think I will have to build to make any decent returns.

**odix** · 02-15-2007, 03:09 PM

well bro, single-family residences, the housing market may blow right now, which means cheaper houses, so buy one and rent it out until the housing market goes up, try las vegas ;] then sell it for a cool 50,000 or more profit...or open a quiznos subs!

**bigbouncinballs** · 02-15-2007, 03:36 PM

Originally Posted by aadrenaline

theres a lot you could do with money..how old are you? start a IRA and invest 4k a year after 40 years it'll cost you like $160k but the turnaround is over 3million. nice little retirement cusion.

or land like svt said. im moving to hawaii in fall to branch out with a mortgage company and get my realestate license as well land is selling left and right over there in oahu..they keep building.

IRA sounds too good to be true, whats the catch?

**Johny-too-small** · 02-15-2007, 03:44 PM

What up, BBB? Thanks for getting me suspended

**Timm1704** · 02-15-2007, 03:44 PM

Originally Posted by bigbouncinballs

IRA sounds too good to be true, whats the catch?

think he meant an ISA.

The IRA is an Irish political regime

**bigbouncinballs** · 02-15-2007, 03:47 PM

Originally Posted by Johny-too-small

What up, BBB? Thanks for getting me suspended

anytime

**bigbouncinballs** · 02-15-2007, 03:49 PM

so johnny, you know whats up, whats the deal with IRA's?

**Johny-too-small** · 02-15-2007, 03:58 PM

I believe that they are high interest bonds/saving accounts. The downfall is that once you put money into it, its hard to get it out w/o a harsh penalty. Im not 100% sure, though.

**Snrf** · 02-15-2007, 04:00 PM

Originally Posted by Timm1704

think he meant an ISA.

The IRA is an Irish political regime

Ok, never ever say the IRA are an Irish Political Regime.

They're a murderous, thieving, criminal bunch of chickenshit terrorists.

And he did mean IRA, its an American thing

***Doc.Sust*** · 02-15-2007, 04:06 PM

i know thisis going to sound stupid, but it works, invest in art.. anyone who ever bought picaso or a monet didntlose any money, my friend is a finaancial investor, he turned me on to this idea

**Timm1704** · 02-15-2007, 04:07 PM

Originally Posted by Snrfmaster

Ok, never ever say the IRA are an Irish Political Regime.

They're a murderous, thieving, criminal bunch of chickenshit terrorists.

And he did mean IRA, its an American thing

ah rite, was wondering if it was a Type-O.

now stop owning me, thats twice now in the same damn thread

**Snrf** · 02-15-2007, 04:13 PM

sorry, i didn't mean to.

growing up on British army bases that had been bombed by the IRA and living next door to a guy who lost his family to an IRA bomb, and being named after my dads best friend (a para sgt) who was machine gunned from behind kinda makes me sensitive on the whole political status of them.

2 years ago on st paddys day I fvcked up an american who thought it'd be funny to buy the brit an Irish carbomb...he didn't find my reaction so funny

**Timm1704** · 02-15-2007, 04:15 PM

i have a freind who served in northern ireland for many years, he is far from normal now lol.

i was attempting to be politically correct in that post calling them an irish political regime, which i do not make a habit of. i realise the majority of the world hates them and their role

**Ufa** · 02-15-2007, 04:21 PM

Originally Posted by Snrfmaster

Ok, never ever say the IRA are an Irish Political Regime.

They're a murderous, thieving, criminal bunch of chickenshit terrorists.

And he did mean IRA, its an American thing

I am not IRISH however I disagree with you. Whatever they did
the English did worse. (I'm English) so you have annother opinion.
Long live the Adams Family.

**xlxBigSexyxlx** · 02-15-2007, 04:25 PM

IRA's:

http://www.ira.com/faq1.htm

Its a retirement account.

***Doc.Sust*** · 02-15-2007, 04:27 PM

Originally Posted by odix

well bro, single-family residences, the housing market may blow right now, which means cheaper houses, so buy one and rent it out until the housing market goes up, try las vegas ;] then sell it for a cool 50,000 or more profit...or open a quiznos subs!

veas and arizona are booming in realestate and will be for a while, dont let the market fool you, it will pick back up soon enough

**thegodfather** · 02-15-2007, 04:30 PM

Throughout history people who have fought for their freedom from tyrannical governments have often been labeled as a 'terrorist'... The British labeled the original United States army a terrorist regime when they attempted to break away from their rule. Who are you to determine their political status? I believe their status can be whatever they declare it to be... Im not picking sides, you just happen to be wrong here...

Originally Posted by Snrfmaster

sorry, i didn't mean to.

growing up on British army bases that had been bombed by the IRA and living next door to a guy who lost his family to an IRA bomb, and being named after my dads best friend (a para sgt) who was machine gunned from behind kinda makes me sensitive on the whole political status of them.

2 years ago on st paddys day I fvcked up an american who thought it'd be funny to buy the brit an Irish carbomb...he didn't find my reaction so funny

**thegodfather** · 02-15-2007, 04:33 PM

Originally Posted by Johny-too-small

If you had $70,000.00 in your savings account that you wanted to invest in any sector or business what would you do?

Forget single-family residences, the housing market blows right now.

I believe the next big thing will be nano-technology or gene-specific therapys...So i'd look to invest in the most promising companies in either of those areas..Always big money to be made with emergening technologies...

**Snrf** · 02-15-2007, 05:17 PM

Bullshit, the Americans never blew up buses full of army wives/kids or blow up department stores during christmas shopping season. So don't give me your bullshit on freedom fighters because I've seen firsthand the damage the IRA have done. If all they'd ever done was kill British soldiers I'd be inclined to agree that they could be called freedom fighters but the second they started deliberately targeting civilians they gave up that right forever.

**Snrf** · 02-15-2007, 05:28 PM

btw, the approximate British civilian death toll is about 3000...similar to 9/11.

Of course many in the Arab world would claim that the 9/11 hijackers were freedom fighters, trying to get the US to withdraw the troops from the bases in Saudi Arabia (which was one of their stated goals) would you agree with that?

You can't play devils advocate with Terrorism. You either believe all terrorists could be freedom fighters and that killing innocent civilians is a legitimate form of protest or you condemn it entirely, which one is it?