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-   -   $75,000 windfall (http://forums.pelicanparts.com/showthread.php?t=1131148)

tabs 12-08-2022 01:16 PM

3 Moth T Bills $$ cost avg in monthly...4.27 %..safer than anything else...3 month horizon of risk...then you get you $$ back to repeat..

NOTHING ELSE IS AS SAFE AT THE MOMENT..

Blow me wt the FDIC...i bin through that in 1990...not enough money to cover a run...it is a placebo..

KFC911 12-08-2022 01:20 PM

I've been buying a lot of longer term yields (up to 10 yrs) well north of 5%, with most of it call protected. 5 yr CDs @ 5% (with CP) seem to have all lost their CP over the past month, but the yields are still good tho' I've passed on them so far. It's not windfall $$$ for me .... so preservation is my mode and I've still got a LOT of shopping to do in the next few months. Don't want any more houses, land, Porsches, hookers or blow :D....

HobieMarty 12-08-2022 01:38 PM

Quote:

Originally Posted by 3rd_gear_Ted (Post 11868000)
Buy another ICE Porsche and enjoy it or bore yourself with paper statements every month.

Yep, I'd probably buy a toy.

Sent from my SM-N950U using Tapatalk

Superman 12-08-2022 02:41 PM

Hookers and blow are excellent investments.

If you don't need the money, then put it away. Using the usual investment criteria. Don't buy anything right away.

berettafan 12-08-2022 03:22 PM

heavy to shortish t bills and maybe look into some corp bonds if you can manage 8% or so.

fintstone 12-08-2022 04:39 PM

Quote:

Originally Posted by tabs (Post 11868247)
3 Moth T Bills $$ cost avg in monthly...4.27 %..safer than anything else...3 month horizon of risk...then you get you $$ back to repeat..

NOTHING ELSE IS AS SAFE AT THE MOMENT..

Blow me wt the FDIC...i bin through that in 1990...not enough money to cover a run...it is a placebo..

Tabs...please educate me.

Do you buy your T bills at Treasury Direct? Do you bid non-competitively? Do you buy a particular dollar value at any one time (I know there is a min and max).

Since rates are high, wouldn't a longer term (like 6 months to a year...or even longer) be a good bet (expecting lower rates eventually)?

sc_rufctr 12-08-2022 05:01 PM

Invest it with this guy? :D

http://forums.pelicanparts.com/uploa...1670547704.jpg

WPOZZZ 12-08-2022 05:18 PM

It is a windfall, have some fun.

gregpark 12-08-2022 10:06 PM

Pay off any debts and if you're debt free I'd invest it in physical gold and silver. No stocks or bonds will be safe shortly

dewolf 12-09-2022 03:32 AM

Quote:

Originally Posted by sc_rufctr (Post 11868473)

Bitcoin was about US$13 in 2012. To say if you'd put 75k into it then, that you'd be rich now, would be an understatement. You'd have roughly 5700 BTC. In today's money at $16k, you'd be worth around $92M

Gretch 12-09-2022 09:46 AM

Nothing feels better nor lasts longer than the good feeling of paying off debt...........

No debt?

Second rule of finance is "never underestimate the power of cash"........... but like authority, cash only has value as long as you use it sparingly.........

Or go be a fool like 99% of the population, and blow it on something stupid.

Finally: go read this thread............ Lotsa wisdom here:

http://forums.pelicanparts.com/off-topic-discussions/1131076-being-poor-has-nothing-do-income.html#post11866513

Paul T 12-09-2022 11:10 AM

Quote:

Originally Posted by Gretch (Post 11868908)
Nothing feels better nor lasts longer than the good feeling of paying off debt...........

No debt?

Second rule of finance is "never underestimate the power of cash"........... but like authority, cash only has value as long as you use it sparingly.........

Or go be a fool like 99% of the population, and blow it on something stupid.

Finally: go read this thread............ Lotsa wisdom here:

http://forums.pelicanparts.com/off-topic-discussions/1131076-being-poor-has-nothing-do-income.html#post11866513

Very true….being debt free is a wonderful feeling.

wildthing 12-09-2022 03:35 PM

I would use it for my daughter's college tuition.

sc_rufctr 12-09-2022 03:41 PM

Quote:

Originally Posted by dewolf (Post 11868633)
Bitcoin was about US$13 in 2012. To say if you'd put 75k into it then, that you'd be rich now, would be an understatement. You'd have roughly 5700 BTC. In today's money at $16k, you'd be worth around $92M

Thanks for that but would you give Sam Bankman-Fried money? I wouldn't... ;)

dewolf 12-09-2022 03:48 PM

Quote:

Originally Posted by sc_rufctr (Post 11869161)
Thanks for that but would you give Sam Bankman-Fried money? I wouldn't... ;)

There are other legit sources. Australian exchange, Independent Reserve is what I use. I've made large deposits and even larger withdrawals and no issue.

epbrown 12-10-2022 02:59 PM

At this stage in my life? I'd buy the nicest low-miles 997 I could find for that amount.


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