100K what would you spend it on/invest in if you HAD to - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Insert BS here A place to discuss anything you want

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 01-25-2010, 02:42 AM   #1
Senior Member
Thread Starter
iTrader: (7)
 
Join Date: Dec 2006
Location: Chicagoland
Posts: 1,362
Total Cats: 3
Default 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 **** such as car parts, clothes, electronics.

Put 20,000 into the bank.

Last edited by jtothawhat; 01-25-2010 at 03:39 PM.
jtothawhat is offline   Reply With Quote
Old 01-25-2010, 02:52 AM   #2
Elite Member
iTrader: (1)
 
NA6C-Guy's Avatar
 
Join Date: Feb 2008
Location: Birmingham Alabama
Posts: 8,038
Total Cats: 43
Default

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.
NA6C-Guy is offline   Reply With Quote
Old 01-25-2010, 03:04 AM   #3
Elite Member
iTrader: (7)
 
Join Date: Jul 2009
Location: Gainesville,Fl
Posts: 3,354
Total Cats: 7
Default

90k invested into a CD or something and the rest would go to my racing school fund.
turotufas is offline   Reply With Quote
Old 01-25-2010, 04:51 AM   #4
Elite Member
iTrader: (1)
 
Join Date: Jun 2005
Location: Charleston, SC
Posts: 2,980
Total Cats: 14
Default

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!
rmcelwee is offline   Reply With Quote
Old 01-25-2010, 05:06 AM   #5
NB/VVT Connoisseur
iTrader: (23)
 
viperormiata's Avatar
 
Join Date: Aug 2008
Location: Key West
Posts: 6,071
Total Cats: 253
Default

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.
viperormiata is online now   Reply With Quote
Old 01-25-2010, 08:33 AM   #6
Elite Member
iTrader: (12)
 
Join Date: Sep 2007
Location: Charlotte, NC
Posts: 6,868
Total Cats: 66
Default

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).
Doppelgänger is offline   Reply With Quote
Old 01-25-2010, 08:46 AM   #7
Senior Member
iTrader: (3)
 
Join Date: Jul 2005
Location: Connect-I-Cut
Posts: 1,431
Total Cats: 0
Default

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)
miataspeed2005 is offline   Reply With Quote
Old 01-25-2010, 09:14 AM   #8
Junior Member
 
Join Date: Jun 2009
Location: Lancaster, PA
Posts: 240
Total Cats: -2
Default

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
TimR is offline   Reply With Quote
Old 01-25-2010, 09:18 AM   #9
mkturbo.com
iTrader: (24)
 
shuiend's Avatar
 
Join Date: May 2006
Location: Charleston SC
Posts: 13,775
Total Cats: 1,106
Default

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.
shuiend is offline   Reply With Quote
Old 01-25-2010, 09:25 AM   #10
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,867
Total Cats: 1,790
Default

100K? nothing; compounding interest FTW.


you act like I dont have 100K in my bank account.
Braineack is online now   Reply With Quote
Old 01-25-2010, 10:37 AM   #11
Miotta FTW!
iTrader: (24)
 
Splitime's Avatar
 
Join Date: Jun 2006
Location: Chicagoland, IL
Posts: 4,295
Total Cats: 26
Default

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

I proclaim this thread a failure!!!!
Splitime is offline   Reply With Quote
Old 01-25-2010, 11:05 AM   #12
Senior Member
iTrader: (6)
 
Join Date: Jul 2007
Location: Cocoa Beach, FL
Posts: 808
Total Cats: 3
Default

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.
TrickerZ is offline   Reply With Quote
Old 01-25-2010, 11:10 AM   #13
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,867
Total Cats: 1,790
Default

inflation is overrated, we have obamamoney now.
Braineack is online now   Reply With Quote
Old 01-25-2010, 11:26 AM   #14
Tour de Franzia
iTrader: (6)
 
hustler's Avatar
 
Join Date: Jun 2006
Location: Republic of Dallas
Posts: 29,114
Total Cats: 351
Default

Caviar, Cris, and a modest home.
hustler is offline   Reply With Quote
Old 01-25-2010, 11:28 AM   #15
Elite Member
iTrader: (46)
 
Stein's Avatar
 
Join Date: Dec 2007
Location: Nebraska
Posts: 4,812
Total Cats: 138
Default

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)
Stein is offline   Reply With Quote
Old 01-25-2010, 11:43 AM   #16
Elite Member
iTrader: (30)
 
Join Date: Aug 2007
Location: Va Beach
Posts: 7,282
Total Cats: 0
Default

Id put 50K into my mortgage, then refinance it for 15 years and invest the rest.
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
levnubhin is offline   Reply With Quote
Old 01-25-2010, 11:46 AM   #17
Senior Member
iTrader: (5)
 
Join Date: Apr 2008
Location: VA
Posts: 828
Total Cats: -2
Default

hookers and blow
thymer is offline   Reply With Quote
Old 01-25-2010, 12:02 PM   #18
Elite Member
iTrader: (12)
 
Join Date: Aug 2006
Location: Central-ish VA
Posts: 4,449
Total Cats: 16
Default

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.
neogenesis2004 is offline   Reply With Quote
Old 01-25-2010, 12:06 PM   #19
Senior Member
iTrader: (2)
 
Join Date: Sep 2008
Location: ON
Posts: 523
Total Cats: 2
Default

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.
inferno94 is offline   Reply With Quote
Old 01-25-2010, 12:20 PM   #20
y8s
2 Props,3 Dildos,& 1 Cat
iTrader: (8)
 
y8s's Avatar
 
Join Date: Jun 2005
Location: Fake Virginia
Posts: 19,038
Total Cats: 407
Default

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.
y8s is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Garrett Turbo, 1.8 Oil Pan, & Misc. Stuff nbdooey Miata parts for sale/trade 9 08-30-2017 10:50 PM
Foreign powered NB for NASA ST3 and/or E0 d k Race Prep 44 09-15-2015 11:59 AM
using 2002 ECU on 1990 Miata btabor ECUs and Tuning 12 09-14-2015 04:45 PM
Obligatory "N00B" post! D_Breezy Meet and Greet 5 09-08-2015 06:37 PM
New here, saying hi, here's what I'm workin with. SuperSneakySecretSquirrel Meet and Greet 5 09-06-2015 09:30 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 01:12 PM.