money money money??

[whitety]

Well, since the economy has gone down the drain now, what would you do with $5,000 if you had it right now? Get a new hobby? add onto a mazda? invest (notcool) or what? Lets see what you guys would do with a little play money.

 

[EvilJen]

Hide it under my mattress.

 

[genericuser]

Hookers and booze.

More realistically, I'd use it to re-roof my house, or replace the windows, or rip out the oil burner.

 

[evilmonkeyMSP]

Buy lots of beer, Spam and toilet paper and wait for the end.

 

[Wagonbacker9]

In all honesty... I'd spend it before inflation makes it worth less. Don't waste it. Get stuff you know you're going to want/need in the next year or 2. Furniture? Appliances? new car, or upgrade the one you've got? Investing in housing isn't even safe anymore... and I thought for sure that real estate was the one safe investment.

 

[jred321]

low risk - put it into a bank account at 3% interest. high risk - invest. the market being down means that there are plenty of stocks priced lower than they should be. once the market corrects itself you'll have easy money.buy low, sell high. we're in the low part

 

[SuperStretch18]

Pay off my credit card, suspension for the whip and the rest goes into a bank account. Alright, I might spring for a reflash too...

 

[mckraut]

Straight into the savings account for a future home down payment.

 

[Wagonbacker9]

savings is actually going to lose you money. Inflation is outpacing 3% easily right now. Granted, its better than nothing, but with the federal reserve considering printing a ton of new money, the value of the dollar is going to sink even further.

 

[2.0t03speed]

Tranny upgrade

 

[jred321]

savings is actually going to lose you money. Inflation is outpacing 3% easily right now. Granted, its better than nothing, but with the federal reserve considering printing a ton of new money, the value of the dollar is going to sink even further.

how is a 3% return going to lose you money? i understand that if inflation is outpacing the rate of return your money will be losing value quicker than it gains interest so it will be worth relatively less in the future. however there is no guaranteed way around that really and you aren't losing any money it just can buy fewer goods in the future than it can now.

 

[Gasological]

Aye, inflation is likely to strike hard. The fed injected $630B last week, even though congress voted down the bailout bill. Buy durables that will make your life overall cheaper.

Replace bad windows on your house, newer energy efficient appliances.

If you really think things could go to hell, a gun, a pallet of MREs and lots of ammo.

 

[jred321]

Tranny upgrade

current tranny isn't hot enough for you?

 

[speed1016]

Buy something not only entertaining but useful....a stripper!
Make sure she can cook too!

 

[2.0t03speed]

current tranny isn't hot enough for you?

naw i need a new lsd and some stronger 3rd and 4th gears

 

[AAMguy]

2 chics at the same time

 

[Kain]

naw i need a new lsd and some stronger 3rd and 4th gears

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[Wagonbacker9]

guaranteed way, no. There are no guarantees in life, but if you were to invest in a foreign currency gaining strength, you'd have a better shot than leaving it in a low yield savings fund here in the US. That said, it is the same as anything else, higher risk = higher potential reward.

 

[SuperStretch18]

2 chics at the same time

If you're good, you don't need money for that...

 

[AAMguy]

well the wife said she would only do it for $5000, what a coincidence thats what this thread asked lol