100K what would you spend it on/invest in if you HAD to
 

Serious thought...

What would you spend/save/do with $100,000? Always curious to see what others would spend money on.

I would...throw 70,000 into my 401K/TSP Fund (I'm 21 years old)

Shave off 10 grand off the top and spend it on stupid shit such as car parts, clothes, electronics.

Put 20,000 into the bank.

Pay off both school loans (~$20k), and my small credit card debt (~$1000), buy a Subaru Forester ($10k-$15k), maybe another few grand to throw around, then put the rest into savings for a nice down payment on a house.

90k invested into a CD or something and the rest would go to my racing school fund.

If you put $100,000 in the market at 21 you are extremely rich at retirement. EXTREMELY! That 20/30K you are trying to spend instead of investing it would be millions in unrealized profit.

The rule of 72 will tell you that investing it @ 10% will get you $6,400,000 at 63 years of age. Not a bad nest egg!

I'd put 80k in the bank, spend 10k on the car and still go on with my original plan to go to UCF and get my mechanical engineering degree, join the army for 4 years to pay back my school and then spend 10k to go Hennessy's TunerSchool. Work at a performance shop for a few years, then open my own garage/music recording studio and live in it.

I'd go to school, that's an investment that pays well.

Maybe put a few thousand into my car ($5k at most...diff., wing, and a new set of wheels/tires for autoX).

Pay off my truck (14k left I think) pay my credit card(3k) put a down payment on a house (20k) buy a better car for me (10k) take a nice vacation with my wife (3k) and invest the rest of the money (50k)

buy an 04 STI daily, boost the miata(20kish) drop about 2-3k on photo gear, get an apartment and put the rest away.. Id probably end up wanting to blow like a grand for fun.. lol

I would pick up a Westfield 7 kit from FM. Then I would put in a built motor and v-band setup form Tim. With whatever money is left would go to Hookers and Blow in Vegas. I would have one hell of a weekend trip there.

100K? nothing; compounding interest FTW.


you act like I dont have 100K in my bank account.

"spend it on" and Investments do not work together.

I proclaim this thread a failure!!!!

The only problem with this investment theory is that at 10%, you're really only making 7-8% due to inflation. Sure, $6M sounds great now, but when you're 70, it won't look like much (Think of what your grandparents have/had and how little it seems now). A few months ago was a great time to invest, though. Everything has almost bounced back now. I would have loved to dump $100k into the market a few months ago and had around $200k now.

That being said, I would buy what's left to finish my car and put the rest into my mortgage. Once house payments go away, that's twice the income I can spend/invest. Granted my taxes would go up, but it's only like a month or 2 of house payments per year. Then, I could buy land and build my retirement home and sell the other house when I retire.

inflation is overrated, we have obamamoney now.

Caviar, Cris, and a modest home.

Pay off the last $65K on the house note which makes us completely debt free. The rest into our regular investment fund. Roth and 401k's are already capped.

Profit. (literally)

Id put 50K into my mortgage, then refinance it for 15 years and invest the rest.
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hookers and blow

I'd contribute the maximum amount into my company's 401k that they will match (whatever the yearly limit is), and displace the lost income. Over a couple years that 100k would have turned into 200k invested.

I'll play,

I'd put it into buying a duplex to flip with my dad, then cottages (where the real $$ is in flipping).

Basically keep going along the plan, just a bit faster.

Down the road I might splurge on a jet boat like this or like this. You have to have some toys.

pay off debt

max out a roth whatever

long in the indexes

though if the debt is something friendly like schools or houses under 5%, I might just let the indexes cover the mortgage payment.

Lotto tickets

Invest every last penny of it in Brazilian/Austrailian Industrials, Indian consumer goods, and a broad investment in South Korea. Then profit

If absolutely had to spend it, it would be on building a 40X60 metal shop and building up a Factory Five GTM.

Assuming I had to "spend" it all... how about this:

$30k Live-in Nanny for the next year
$20k Then part-time daycare for 2 years for 2 kids
$5k 36" C's for the wife
$10k Definitive Technology speakers... enough to make a 10.2 surround system (for future growth and with SVS subs of course)
$25k 2010 Subaru Forester XT (sell Dodge Ram for $6k for remainder of cost).
$10k 2 weeks... one at Bondurant and the other at Barber.

why not just make it D's if you're going to open'er up?

I feel that there is such a thing as too big.

Ask my wife where she spent it!!

I would buy 100,000 Wendy's Jr. Bacon cheese burgers

http://carolswanson.net/wendys/webpa...g/bacon_04.jpg

Why not Sr. if you're going to open 'er up?

honestly, you think a D cup is "too big"? or maybe just "too distracting" for other men...?

well played. but then he'd get less burgers.

I'd day trade.

My gf doenst need implants, she'd start a fucking riot :giggle:

I'd buy some hair gel, 3 bags of Cheetos, and a goat.

What's the goat for?

Pay off current debt=8k
Purchase 08/09 sti trade in my msp=25k-30k
Put a down payment on a house =40k
total=73k-78k
take remaining 22k and place in the bank/cd's/etc...

buttsecks?

WTF is with young people wanting cd's as their chief investment? No offense ment to you guys but when you do put money away, please don't put it into CD's before you are 40. Talk with an financial planner first. The difference could mean several hundred thousand to a couple million when it comes time to retire.

Where do you get this unsubstantiated info from?

I think hes saying that a safe stock will way outperform the intrest on a CD, which I agree with. Most of my money is invested in Proctor & Gamble

Guns and ammo.

Agreed. Safe proven companies outperform CD returns and are much more liquid. Even still, with the assumed average age of this forum, there needs to be more educated risky allocations or you will never see larger returns than market averages. If you don't want to spend the time and money to go that path, investing in a diversified portfolio with proven strong and good dividend companies will vastly outperform any guaranteed return a longterm CD can offer.

I couldn't justify investing such a large amount of money into the stock market most of it is one big hypothesis.

I urge you to please spend some time researching and truely understanding it, as you are missing out on making your money work much better for you. If you research it, I think you will find a strong base and a better comfort level with it. You really have a lot to benefit, even if you choose to invest a small portion.

I mean this in no way as an insult to you and if you have looked into it already and don't like it, then your assesment is your own and who am I to tell you that you are wrong.

I mean my OP in this thread is probably a decent investment. My company matches 50% of what I put in. If I invest the max, $15k?, they will match half. So it would take roughly 7 years to invest it all. I would get interest on the large balance while putting it into the 401k, I would get interest on the 401k, and I would get essentially 50% return each time the company matches. Where else can you get a guaranteed 50% return?

I want one. In fact I want a goat more than the 3 bags of Cheetos.


When I went to Anguilla I saw they used goats to mow the grass along the roadsides. The goats would be tethered to a stake with about 15 feet of leader. If you came back by in a couple of hours, someone would have moved the goats down the road a little further. It was like that all day.

A goat tied to a stake in the yard would really hack off the neighbors. :giggle:




As for the buttsecks, everybody knows sheep are better. :makeout: :giggle:

I have spent many many hours reading and watching jim cramer and I have in fact invested small amounts. I would probably split the funds 50/50 that i planned to invest.

That is a great investment. Never pass up free money that is basiclly a guaranteed return. What I was saying is that, even within your 401K, you should be investing in things other than CD's if you are still young. I would never pass up an opportunity to have matched 401K contributions.

Sorry to the OP. I will stop thread shitting.

That is HUGE! You should always max that out, even if it means living on canned tuna and PB & J sandwiches. That is free money, and a lot of it. Your employer is GIVING you $7500 a year and all you have to do is accept it? What an excellent opportunity!

The only reason I ask is i'm going back to the sand-box; as a private security contractor...I know i'll have that +/- a few grand, i'll be 22 at the time...My dad is a big advocate on TSP fund similar to 401K I guess but for government employee's. I still have mine from when I was in the Marine Corps and I plan on going back int othe federal government, so far I have 6K into retirement. The "G" fund I have nets 5% return over-all average. So I think 70K would give me a big edge to start, then maybe 10% of over-all income when I work for the federal government, lets say 10-15K a year, more like 25% nearing retirement age.

I also have been thinking investing in gold, I know it's all about diversifying your investments though...

I think I would have 12,611,692.25 after 50 years which doesn't seem right, maybe my calculations are off.

Dont do it!

The historical value of gold is pretty unstable, it will grow like crazy at random times then plummet.

Unfortunately I can't max it because of student loan payments, rent, other bills. I put in 10% right now and thats like $520/month. I'd need another $800 to max it, or like 25-30%. I'm still building up a emergency fund, so until that is fully in place I don't feel comfortable putting in more. At 25% my take home pay would be reduced $822/month and my contribution would be $1200/month. That would give near the 401k limit, but I just can't afford it because of student loans owning me at like $750/month. In a few years I might be able to do something like that when my salary has increased.

I just did the math, with 26 pay periods at 25% contribution I would be just under the 16.5K max. After bills I would be left with $250/month basically. Until I have like $5k in an emergency fund (getting close), I can't take the risk of "something" coming up and not being able to cover it. I've trimmed pretty much all the fat off my expenses in preparation of the loans coming into repayment again, so there is pretty much no room to free up any additional leftover pay.

That's what I did back in the day. Each year when I got a raise I bumped the contribution. I was adding in the raise, so it was money that I never had in my pocket so I never missed it. Within 2-3 years I had it maxed.

Don't do gold and don't do the G fund in the TSP. It's no different than buying gov't bonds or a CD. You might as well stick the money in a mattress. At your age (and mine) the G fund makes no sense. Use the handy dandy L plans that already allocate the money based on the expected year of retirement. L2040 for me!

I'm lucky in that I have made soooo many bad money choices when I was in high school and college that I've pretty much already learned all my lessons at 23. The miata is back to stock now and it will be staying that way. I'm sick of throwing money into it for it to just break. I'd rather drive a stock miata than work on a turbo miata that sits on jack stands >50% of the time. I also have a CRX HF and a Scion TC that I DD. I am getting rid of the TC soon to get rid of the payment and insurance. I own the miata and the CRX in the clear, insurance is dirt cheap, and both are easy to work on and super reliable stock. Unfortunately, the math I posted above for 25% accounts for the TC being gone. So its not too much help on the investment front yet.

most companies only match up to 5% of your salary... sometimes less.

and some just put in a fixed percentage even if you dont put in a dime.

still, if you qualify for a ROTH IRA or ROTH 401k, do that after you get the maximum "free matching" money. then you can pay your tiny little income tax now and nothing later

Gold and Silver.

This changing in the next 40 years before I retire worries me. It has a possibility, while not substatial, but it is still there.

Amen on that shit. Every car I have had has been a car I tinkered on nearly constantly. I've given up on the Miata for now. When money allows I will get a reasonable daily driver and make the Miata purely a weekend car (with reliable stock LS1), something I won't have to spend every other weekend working on it. I still have some lessons to learn in other respects, but the biggest issue with cars is pretty well solved.

I did have money in the L fund, until I lost 25% of it due to the bottom out in the economy lol