Frostynuts Posted August 10, 2023 Share Posted August 10, 2023 Why not invest in a good AI start-up ? Or are there any good ones ? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 10, 2023 Share Posted August 10, 2023 1 hour ago, Crnr2Crnr said: I was referring to purchasing land or undeveloped property... but $50k doesn't get you anything these days. There's a ton of different no brainer investment vehicles for folks to utilize... It depends upon risk/reward but moreso comfort level. Any investment you feel the need to constantly watch isn't ideal for most, especially anyone creeping into retirement age. Hence my safe harbor suggestions. Are you interested in purchasing three multifamily apartment buildings? No it doesn't cover it but why would you want to do that in retirement. Trans Canada's dividend is almost 8%, on 50K thats 4K/year tax efficient income with growth potential that you can sell in a heartbeat if needed. Since he has a stable pension, I'm not sure why one needs to be so conservative and go to CD's. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 10, 2023 Share Posted August 10, 2023 2 hours ago, Highmark said: Joe's market not good enough for you? 1% CD Trump 5% CD Biden Carry on Mr. fascist Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 10, 2023 Share Posted August 10, 2023 15 minutes ago, ArcticCrusher said: No it doesn't cover it but why would you want to do that in retirement. Trans Canada's dividend is almost 8%, on 50K thats 4K/year tax efficient income with growth potential that you can sell in a heartbeat if needed. Since he has a stable pension, I'm not sure why one needs to be so conservative and go to CD's. we don't specifically know what the op wants.... maybe wait for him to chime back in? plus , he's going to owe @Steve753 $ when Trump loses. Quote Link to comment Share on other sites More sharing options...
dsupercat Posted August 10, 2023 Share Posted August 10, 2023 9 minutes ago, Mainecat said: 1% CD Trump 5% CD Biden Carry on Mr. fascist If you think this is a good thing carry on. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 10, 2023 Share Posted August 10, 2023 Send the $50k to trump. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 10, 2023 Share Posted August 10, 2023 2 minutes ago, spin_dry said: Send the $50k to trump. he could always buy a used van and go on a nationwide hunt for the best pizza... 💡 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 10, 2023 Share Posted August 10, 2023 7 minutes ago, Crnr2Crnr said: he could always buy a used van and go on a nationwide hunt for the best pizza... 💡 Attorney bills first. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 10, 2023 Share Posted August 10, 2023 22 minutes ago, Crnr2Crnr said: we don't specifically know what the op wants.... maybe wait for him to chime back in? plus , he's going to owe @Steve753 $ when Trump loses. He said it would be a slightly reduced monthly pension. For example TC would give him $333/month without drawing into the equity. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 10, 2023 Share Posted August 10, 2023 42 minutes ago, dsupercat said: If you think this is a good thing carry on. It’s insured up to 250K Quote Link to comment Share on other sites More sharing options...
dsupercat Posted August 10, 2023 Share Posted August 10, 2023 Just now, Mainecat said: It’s insured up to 250K Actually 500k jointly FDIC or NCUA even more if you do it in a trust. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 10, 2023 Share Posted August 10, 2023 Just now, dsupercat said: Actually 500k jointly FDIC or NCUA even more if you do it in a trust. Yup. The DJ over the last 30 years has averaged 7.9%. It’s not insured. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 10, 2023 Share Posted August 10, 2023 The Vegas black Jack win rate is 42%. Quote Link to comment Share on other sites More sharing options...
dsupercat Posted August 10, 2023 Share Posted August 10, 2023 (edited) 4 minutes ago, Mainecat said: Yup. The DJ over the last 30 years has averaged 7.9%. It’s not insured. So your saying if I had money in there for 30 years I would of made 7.9% on my money.... sounds like I don't need any insurance then. High cd rates are great but with the inflation is not making us any money. But that's what the goverment wants. Don't save money go to work and pay your taxes. Edited August 10, 2023 by dsupercat Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 10, 2023 Share Posted August 10, 2023 1 hour ago, Crnr2Crnr said: Would you be interested in investing in Prestige Worldwide? My marina neighbor’s boat. She’s for sale if anyone’s interested! 2 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 10, 2023 Share Posted August 10, 2023 1 hour ago, Mainecat said: 1% CD Trump 5% CD Biden Carry on Mr. fascist Well, if we’re going to do math like that…. 2.75% Mortgage Trump 7% Mortgage Biden That extra interest crushes a lot of young people. You don’t always have to be such a hack. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 10, 2023 Share Posted August 10, 2023 4 minutes ago, DriftBusta said: My marina neighbor’s boat. She’s for sale if anyone’s interested! Is the dinghy under $50k ? Quote Link to comment Share on other sites More sharing options...
Not greg b Posted August 10, 2023 Share Posted August 10, 2023 Buying arctic cats is always a safe investment 2 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 10, 2023 Share Posted August 10, 2023 Just now, Crnr2Crnr said: Is the dinghy under $50k ? He actually picked that dinghy up for eight grand, with a 40 hp outboard which was a bargain. It’s probably worth twice that. Wants 330k for the boat, no dinghy included. Quote Link to comment Share on other sites More sharing options...
jonlafon1 Posted August 10, 2023 Share Posted August 10, 2023 (edited) go for the go fund the WALL on the Mexico border? O wait that was going to be paid for by Mexico.. Never mind.. Throw 10k on XRP crypto> check it in 5 years. Edited August 10, 2023 by jonlafon1 Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted August 10, 2023 Gold Member Share Posted August 10, 2023 6 minutes ago, DriftBusta said: Well, if we’re going to do math like that…. 2.75% Mortgage Trump 7% Mortgage Biden That extra interest crushes a lot of young people. You don’t always have to be such a hack. He actually thinks others here are as dumb as he is. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 10, 2023 Share Posted August 10, 2023 11 minutes ago, DriftBusta said: He actually picked that dinghy up for eight grand, with a 40 hp outboard which was a bargain. It’s probably worth twice that. Wants 330k for the boat, no dinghy included. no dingy? Quote Link to comment Share on other sites More sharing options...
mnstang Posted August 10, 2023 Share Posted August 10, 2023 I'd invest in land. Plus you have land. Or guns or other things you need that don't depreciate. 90's snowmobiles. Older Ford trucks. Might as well get some use out of your money. Otherwise what's the point of money. So you get a nursing home with 5 ply toilet paper instead of 4 ply, will you really care when you're shitting a diaper anyway? The time is now Quote Link to comment Share on other sites More sharing options...
Guest Posted August 10, 2023 Share Posted August 10, 2023 If I had your confidence @ViperGTS/Z1 I would lay it all down on Trump winning in '24. Guaranteed profits right? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 10, 2023 Share Posted August 10, 2023 3 minutes ago, mnstang said: I'd invest in land. Plus you have land. Or guns or other things you need that don't depreciate. 90's snowmobiles. Older Ford trucks. Might as well get some use out of your money. Otherwise what's the point of money. So you get a nursing home with 5 ply toilet paper instead of 4 ply, will you really care when you're shitting a diaper anyway? The time is now he's from New Jersey... probably not a lot of $50k land around there that isn't contaminated or flammable. Cabbage Patch kids might make a comeback? Maybe bullets... we're about due to get into a skirmish with Iran or North Korea and if we're really fortunate Russia and China. Quote Link to comment Share on other sites More sharing options...
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