Suggestions?
 

Thought I'd bounce this off the brain-trust...

Ran the finances last night and it looks like I have an extra post-tax $3000.00 coming in per month. What should I do with it?

• 37, no kids, no woman - immediate family is well-off
• Mortgage 15 yr note @ 3.65%. Lots of equity
• No debt
• Fully fund diversified 401k per year, not IRA eligible
• 7 months of liquid reserves (could stretch to 10)
• Have all the spoons, cars, stuff I could want (maybe too much)
• Take a lot of time off per year - so I'm not looking to buy my freedom

Save it.

I was going to suggest a GT3.

Take a step back and try to figure out what you want to do is 5/10/20 years. Put a plan together to make it happen.

cant believe i am going to say this..i would save it.

the hitman business can get pretty crazy huh? :)

You clearly need find a woman to spend your money. Then have kids, get married...then come back and ask us how to make more money ;).

;)I know of a few books you should buy!

Roth IRA or precious metals.

u should spend it or invest it to get the economy rolling! :P

become angel investor in a local business :)

Figure out what you will be paying in interest on your house. See if that makes you want to pay it off more quickly.

Nice situation to be in. There are a few here that are sitting on the other end of the spectrum for the moment.

Happy New Year
Richard

Yep, 7-10 months is great, start putting that money into investments/some sort of savings. You can never have too much money saved. You could always try getting into real estate.

That's a GOOD problem to have - wanna' trade?

I thought Roth IRAs we're subject to income limits? My adjusted income is above the cap. Is there a way around this?

I did think about paying the house down, but the interest isn't too bad, and I think I can do better or something more interesting.

Don't really want to have more liquid cash around. Seems unproductive.

Please explain.

There is a black hole in tax advantaged accounts.

When I cant find something better I put extra on the mortgage. So far it's been just about every month.

My fallback is a mix of mutual funds. I'm not sure exactly what it's for, I'll figure it out.

Land or buildings...

Save half and go crazy with the other half. That way you will be half right and half wrong. I am not sure which half is right. Oh yes, make sure u have a will in place so your estate does not go to the govt. SmileWavy:cool: If you have no wife/kids consider leaving some to this forum so our kids can enjoy the pelicanites:D:D

You had to sit and calculate to know there's an extra tax tree 3K coming in? I'd have to be in the 7 figure/yr bracket to not know that.

send it to Hugh

First, I'd pay off the house. It makes no sense to pay the bank $5 just to keep from paying Uncle Sam $1. Run the numbers. Negative interest is negative interest. It's profit for the bank.

You might also examine your current investments for how they would perform under inflation or hyperinflation and make sure your investments are truly diversified. If not, maybe add to the diversity a little.

JMHO.

Haha, I wish! I knew there was extra, just didn't know how much. I'm not a 1% :)