Serious Question: What would you do with a $50,000 inheritance?

[JeremyD]

$50K - I'd probably take $10 or $15K and invest in something risky - start up or turn around company

probably do five each to me - my wife - maybe do a trip or experience with 5.

The other 20 I'd put into lower risk investments - large cap

[Jim Bremner]

Go down to the Fleabaggers (OWS) and find someone that would start a biz with 50k?

[pwd72s]

Spend some...go a little bit crazy.

The rest? I'd probably add more into the income producing side of our portfolio.

"Enjoy yourself...it's later than you think"? Grasshopper side of the grasshopper/ant fable.

I find it sad is that many people haven't learned to enjoy themselves without blowing a bundle.

[red-beard]

Originally Posted by mikester

No, let's keep Hugh's house clean and tidy.

PARTY IN VEGAS!

I've been to Vegas. I haven't been to Hugh's house.

Unless were leaving spouses at home...

[lendaddy]

I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...

[onewhippedpuppy]

You say hookers and blow like it's a bad thing......

Seriously though Hugh, do whatever you've been wanting to do but haven't yet. I'm assuming from meeting you and reading your posts on here that your retirement is largely covered with some to spare, so go have fun.

[enzo1]

do a 3.5 upgrade?

[craigster59]

Announcer: HughR, you've just inherited $50,000! What are you going to do!!

Hugh: I'm going to Disneyland!!!!

Seriously, I know you are able to travel on "the mouse's" dime, you are sitting good with the sale of the DB, you're an astute guy financially.

So instead of vacations, cars, etc. what about some vacation property? Mammoth, June Lake, Palm Springs, Tahoe maybe some beach property, Silver Strand, Solimar, Faria, you could have a nice "getaway" home, and there's lots on the market.

Just a suggestion, it's a buyers market. If all else fails, I'm with Moses. Just get "Crazy Go Nuts" and do something nice for you and the Wife, you deserve it.

[LeeH]

This looks like fun.

[slodave]

Originally Posted by craigster59

So instead of vacations, cars, etc. what about some vacation property? Mammoth, June Lake, Palm Springs, Tahoe maybe some beach property, Silver Strand, Solimar, Faria, you could have a nice "getaway" home, and there's lots on the market.

I vote Mammoth!

[lane912]

really nice shop tools-
a shop-
guns-
something to entertain your mind that is not the work you do-

[A930Rocket]

With our daughter entering college next year, $50k would pay the balance after four years of state scholorship funding.

What ever you do, enjoy it!

[Evans, Marv]

This may be a bit conservative, but I you might put it into something that will at least keep up with the cost of living increase (good luck with that) and save it for a time when an emergency cames along. If you have kids, it might help them out when the time comes. Also you might give yourself some time to let some ideas mature. Pushing to find a quick use for it immediately might not turn out to be what you'd like in the long run.

[svandamme]

20 grand off my mortage, save me 5-7 years worth there
20 grand for the ongoing house renovations. speed things up 2 years in that department
10 grand for fun, fun, fun, well, you can't speed up fun.

[Embraer]

Timely Question from Hugh. I, too, just inherited money from a relative. I have no debt or bills. I think an older Ferrari will be in order...one that's appreciating in value. Perhaps some continuing education, as well.

[Tobra]

Enzo, I like the way you think.


Spend it on your wife, take a cruise, go to Bali for a few weeks or something

Whatever is left, definitely spend on hookers and blow.

[Crowbob]

This is one dilemma I'd like to have.

[944Larry]

put it into my house (i.e. improvements)

[Seahawk]

I'd look at investing in a skill you've always wanted to master...anything on your bucket list you've always wanted to learn?

Good friend of mine had a similar windfall and went to the best cooking school in Italy for two weeks.

Me? I'd do an intensive sailing school, then go learn how to fly fish.

[asphaltgambler]

As someone has (wisely) said here before traveling and new experiences are priceless compared to just buying "stuff" - the memories of those experiences last a lifetime.