Investment Advice: what would you do with cash now?

[RallyJon]

Just curious where you guys would put cash given the recent uncertainty in the stock market?

Assume it's $100k, liquidity doesn't matter, a decent amount of risk is OK.

[tabs]

Let me clue U...Mother down in Tucson is happier than a pig in ***** that this market is so volatile. Look at the market DOW as high as 13000 and holding at the 12000 mark...its tested that low twice now and has held...intraday it broke 12K but rebounded nicley to close above.

THe psych for the market now is even with BAD NEWS the market does NOT go lower....5 years ago just a sniff of bad news would have sent the market spirlaling downward.

U boyz should really get over this Herd mentality...when there is fear is when U should step up to the table

[Moneyguy1]

But tabs...

ALL financial markets work on fear and greed. There IS no logic.

Like Jim C. said the other day....Relax, sit on your hands for a few days....

Good advice.

[Shuie]

XOM, IBM, SBUX, CAT. Actually, Id probably blow it all on vintage guitars

[RKC]

Human beings are the same as they always were. Not a coincidence that 1929 brought highs and 1933 brought lows, just as the next big boom had highs and lows the same distance apart in time(1999-2000 highs and 2003 lows).

People in 1933 assumed the Depression was over, but they hadn't forgotten the get rich quick 1920's, just as we feel good times are right around the corner - so we speculate in houses and muscle cars. Not saying we're going to bottom like 1933 - things are different and much, much better. But the great themes are still there. We still remember the 1990's and how easy everything was if we timed things right, and thus can fall into the same false hopes that a once-in-a-lifetime Bull will return.

Just remember there was quite a recession in 1937-1938. Don't think I'd do anything with $100k until next year when things bottom. So basically, get a CD for 1 to 1.5 years, then, when everybody knows things suck, buy some stocks....

[on-ramp]

any other advice for 100K besides the stock market?

[Shuie]

Originally posted by on-ramp
any other advice for 100K besides the stock market?

Pre CBS Fender Strats and Teles

[on-ramp]

Originally posted by Shuie
Pre CBS Fender Strats and Teles

pre-CBS? what's year is that?

[Shuie]

Its more of an era than a year, but 1965 was the year. Pre '64 rosewood 'slabboard' strats and teles are the most desirable. I think you could still get 3 or maybe 4 good ones for $100k. Jaguars and Mustangs are still below $10k and are solid investments. Transitional guitars built from leftover parts show up into the late '60s, but the collectors want the pre '65 stuff.

I really think the Fender stuff is weak right now. The Arlington show is in another 5 weeks so if things take off again, it wont be until after that. Important thing is to buy NOTHING but the absolute cleanest no-issues gear if you want to get the most money out of it. Shoot me an email if I can help.

[Moses]

Me?

Vegas.

[MikeSid]

$50K on Oregon to cover.

[Porsche-O-Phile]

I probably wouldn't touch RE, but I would consider seriously some calls on petroleum futures (3-6 months). A couple good picks on futures and you can retire early.

[Markus33]

"Be fearful when others are greedy, and greedy when others are fearful. - Warren Edward Buffett

IMHO, for a stock picker with a long term horizon, there are some great bargains in the market now. Why wait for the "sale" to end before getting in?

OTH, if you need the cash within the year: CD's.

Markus

[cantdrv55]

Tabs is right. Do the opposite of what everyone else is doing. Still, fear of losing your pile of money is hard to overcome. Diversify.

[the]

What is everyone else doing?

[cantdrv55]

According to CNBC, the average private investor is pulling their money out of the market when they should be taking advantage of its current volatility.

[on-ramp]

first of all , the stock market is not investing. it's a casino, similar to Vegas. Prices are determined by day traders that buy/sell all day on Wall St. , and not by the working men and women. they are just along for the ride.

now give me some good ideas to do with 100K besides the stock market...

for those that don't want to disclose publicly, i understand. you may be creating competition.

[motion]

If you don't want to buy stocks, then just put it in a savings account at 5.5%. There are no guaranteed 8%-10% returns out there. I wish there were, believe me

Look into buying REIT shares.

Buy a cheap lot, build a small, cheap home and resell it.

[Shuie]

Vintage sport watches are weak now. Maybe a nice ref. 6536 Submariner, a ref. 1665 Sea Dweller or two, and as many steel Zenith movement Daytonas as you can find. Dealing with this stuff is as bad or worse than with the guitar stuff if you are in it for an investment, tho. You could make some money, but you've really got to know your **** or your going to get smoked. People that deal in collectables can be sharks.

[gduke]

Sit on the sidelines w/ your cash. You don't have to have every penny you have invested. Warren Buffet wouldn't invest his money if he could't find a good investment, even if it ment holding a large sum of cash for several years. That was a lesson I learned before I read the Oracle from Omahas' book. If your fully invested and most of your invesments head south, then you don't have cash to go bargan shopping with.

Jim Crammer gave good advise the other night when he advised sitting on your hands. No matter what you think of him the man is on fire. His picks have moved the market. One of them he mentiond the ther night was MO-WI (Phillip Moris when issued). The company will yield 4.4% after spinning off Kraft. Another pick of his was Bank of America.

As a person who has traded oil service stocks since the late 1980's, I would sit on my hands until early this fall. They will sell of through the summer. And you may want to look at some of the drillers like RIG (Transocean) in the fall. They are at the highs for the year and the summer will be slow for the oil service stocks, like many summers.

I would also stay away from Terex, Deere, and Cat.

And no flipping homes.