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2 Grand Burning A Hole In My Pocket.

 
BOWMAN

User ID: 1905380
United States
10/27/2011 09:23 AM

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2 Grand Burning A Hole In My Pocket.
Yesterday I received 2 thousand dollars unexpectedly.

It's not money I was counting on at all.

What should I do with it? 1dunno1

Taking suggestions...


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Anonymous Coward
User ID: 1158188
United States
10/27/2011 09:25 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Are you serious? Buy silver! It's so obvious!
Anonymous Coward
User ID: 1404507
United States
10/27/2011 09:25 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Buy 1oz gold and use the rest to take you + one to dinner.....
BRIEF
Rebel with morals

User ID: 381742
United States
10/27/2011 09:29 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Add it to your emergency fund, or if it's fully funded with at least a years worth of expenses...then put it in the blow money fund...assuming you are debt free...if you have any debt then put it there...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 1373850
United States
10/27/2011 09:31 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Yesterday I received 2 thousand dollars unexpectedly.

It's not money I was counting on at all.

What should I do with it? 1dunno1

Taking suggestions...


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 Quoting: BOWMAN


Give it to me!
BOWMAN (OP)

User ID: 1905380
United States
10/27/2011 09:33 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Are you serious? Buy silver! It's so obvious!
 Quoting: Anonymous Coward 1158188


Excellent suggestion (especially at it's current price) but I have enough silver.

I know you're going to say 'but you can never have enough silver'. chuckle


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BULLY! BULLY!

User ID: 1473335
United States
10/27/2011 09:36 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Optimisticly siver could double in the next 3 to 6 months so it's not a big winner at 2000. I say gamble on a higher return. take 1200 and buy one million Iraqi dinar then take the other 800 and buy silver. If the dinar pops you have one hell of a home run and if not and silver doubles then you are practically were you started.
ThinkItOut

User ID: 3913599
United States
10/27/2011 09:59 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Save another grand and buy some night vision , gen 3!!
Anonymous Coward
User ID: 1445704
United States
10/27/2011 10:03 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Buy additional health and life insurance...you will remember I said that one dark day
Anonymous Coward
User ID: 3846471
United States
10/27/2011 10:05 AM
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Re: 2 Grand Burning A Hole In My Pocket.
A.T.F.

Alcohol, tobacco, and firearms! The BEST return on your investment!
Blue Skies

User ID: 1337548
United States
10/27/2011 10:06 AM
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Re: 2 Grand Burning A Hole In My Pocket.
I would save it for emergencies, or pay off any debts.
:kitten on fence:
Anonymous Coward
User ID: 1040803
United States
10/27/2011 10:11 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Weapons and ammo, duh.
BOWMAN (OP)

User ID: 1212469
United States
10/27/2011 10:15 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Buy 1oz gold and use the rest to take you + one to dinner.....
 Quoting: Anonymous Coward 1404507


It's been a while since I've been to The Capitol Grille...

I'm not really a fan of gold though. I would buy silver if anything.


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BOWMAN (OP)

User ID: 1212469
United States
10/27/2011 10:16 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Add it to your emergency fund, or if it's fully funded with at least a years worth of expenses...then put it in the blow money fund...assuming you are debt free...if you have any debt then put it there...
 Quoting: BRIEF


I'd hate to give any additional money to the Banksters if I can help it. All I really owe on is the house and it's like 100G underwater.


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YaRight

User ID: 1219589
United States
10/27/2011 10:17 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Ammo! You never have enough…and a nice dinner for the wifey
The most terrifying words in the English language are: I'm from the government and I'm here to help.
DoodleBug

User ID: 3428466
United States
10/27/2011 10:17 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Take it out of your pocket first.

Put it up until you have figured out the best place to allocate it to.
Anonymous Coward
User ID: 3818506
United States
10/27/2011 10:18 AM
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Re: 2 Grand Burning A Hole In My Pocket.
You said "A Hole"....

beavis

Need Peanut Butter and a waterproof, earthquake resistant shelter.
indiandave

User ID: 1507376
United States
10/27/2011 10:20 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Take it out of your pocket first.

Put it up until you have figured out the best place to allocate it to.
 Quoting: DoodleBug


The best advice.
BRIEF
Rebel with morals

User ID: 381742
United States
10/27/2011 10:21 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Add it to your emergency fund, or if it's fully funded with at least a years worth of expenses...then put it in the blow money fund...assuming you are debt free...if you have any debt then put it there...
 Quoting: BRIEF


I'd hate to give any additional money to the Banksters if I can help it. All I really owe on is the house and it's like 100G underwater.


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 Quoting: BOWMAN


If you invest while you still have debt, it's the same as borrowing money to invest with...it's not a good move...become debt free and then build wealth...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 1283316
Canada
10/27/2011 10:21 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Optimisticly siver could double in the next 3 to 6 months so it's not a big winner at 2000. I say gamble on a higher return. take 1200 and buy one million Iraqi dinar then take the other 800 and buy silver. If the dinar pops you have one hell of a home run and if not and silver doubles then you are practically were you started.
 Quoting: BULLY! BULLY!


Silver is not going to double in the short term. Stop feeding people BS. If any of the predictions on here were true the rocket would have blasted off "to da moon" by now and it simply hasn't happened.

Advising people to enter a silver position at these levels is irresponsible, bordering on reckless. Sure, if someone has a bunch that they got at much lower prices (I got mine @ around $20/oz all in) it's OK to add here, but if I had none today I would not buy in above $25.

OP. Just save the $2000 in a high-interest account in case of job loss or whatever. That's what I'd do, and I am well-invested in metals, index funds and relatively safe, boring dividend-paying stocks.
Anonymous Coward
User ID: 1283316
Canada
10/27/2011 10:24 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Add it to your emergency fund, or if it's fully funded with at least a years worth of expenses...then put it in the blow money fund...assuming you are debt free...if you have any debt then put it there...
 Quoting: BRIEF


I'd hate to give any additional money to the Banksters if I can help it. All I really owe on is the house and it's like 100G underwater.


------
 Quoting: BOWMAN


If you invest while you still have debt, it's the same as borrowing money to invest with...it's not a good move...become debt free and then build wealth...
 Quoting: BRIEF


Borrowing to invest sometimes makes sense. Back in '09 I tapped into my line of credit to add to my Canadian bank positions. Their share price was in the shitter but they did not cut their dividends. The yield was higher than the interest on the credit line.

Some of those share prices have doubled since then...
Anonymous Coward
User ID: 475310
United Kingdom
10/27/2011 10:25 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Silver heading to $35 bucks already....
Anonymous Coward
User ID: 3351219
United Kingdom
10/27/2011 10:26 AM
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Re: 2 Grand Burning A Hole In My Pocket.
buy gold gogogo
Anonymous Coward
User ID: 1283316
Canada
10/27/2011 10:27 AM
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Re: 2 Grand Burning A Hole In My Pocket.
buy gold gogogo
 Quoting: Anonymous Coward 3351219


Isn't the idea to "buy low, sell high?" Buying in at near-record highs is pretty stupid if you ask me.
BRIEF
Rebel with morals

User ID: 381742
United States
10/27/2011 10:28 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Add it to your emergency fund, or if it's fully funded with at least a years worth of expenses...then put it in the blow money fund...assuming you are debt free...if you have any debt then put it there...
 Quoting: BRIEF


I'd hate to give any additional money to the Banksters if I can help it. All I really owe on is the house and it's like 100G underwater.


------
 Quoting: BOWMAN


If you invest while you still have debt, it's the same as borrowing money to invest with...it's not a good move...become debt free and then build wealth...
 Quoting: BRIEF


Borrowing to invest sometimes makes sense. Back in '09 I tapped into my line of credit to add to my Canadian bank positions. Their share price was in the shitter but they did not cut their dividends. The yield was higher than the interest on the credit line.

Some of those share prices have doubled since then...
 Quoting: Anonymous Coward 1283316


It's still gambling and I don't recommend taking risks like that...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 4135004
United States
10/27/2011 10:30 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Buy 1oz gold and use the rest to take you + one to dinner.....
 Quoting: Anonymous Coward 1404507


It's been a while since I've been to The Capitol Grille...

I'm not really a fan of gold though. I would buy silver if anything.


------
 Quoting: BOWMAN

You sound confused, bowman. Why don't you let me hold the 2 grand until you decide what you want to do with it. I'll give it back. I promise.
Anonymous Coward
User ID: 1895541
Canada
10/27/2011 10:33 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Have a little fun? Doom is still a long ways off I believe.
Anonymous Coward
User ID: 2000724
United States
10/27/2011 10:34 AM
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Re: 2 Grand Burning A Hole In My Pocket.
double up pal. bet on the cowboys to beat philly this week.
stillhere

User ID: 3245452
United States
10/27/2011 10:36 AM

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Re: 2 Grand Burning A Hole In My Pocket.
I would suggest you continue to consider all your options.

Some might be, ....

Liquid assets are crucial in case of a "get out of Dodge fast" scenario

Seed money to grow a business venture (and buying seeds might be a great idea)

Useful items for when and if your power goes out for more than a few days

The 1/3 plan. Save 1/3, Spend 1/3, give 1/3.

Water--ability to store, carry, clean and provide fresh drinking water no matter your situation.

It's nice to have options--as soon as you spend it your options are gone--something unexpected might make your decision clear in the next few days, weeks---

My gut goes with liquid--water or cash

of course the above is wrong if you have any debt
"You can bend it and twist it... You can misuse and abuse it... But even God cannot change the Truth.”
Michael Levy
Anonymous Coward
User ID: 1544935
United States
10/27/2011 10:36 AM
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Re: 2 Grand Burning A Hole In My Pocket.
Yesterday I received 2 thousand dollars unexpectedly.

It's not money I was counting on at all.

What should I do with it? 1dunno1

Taking suggestions...


------
 Quoting: BOWMAN



BUY PHYSICAL SILVER ON A DIP
BOWMAN (OP)

User ID: 1905380
United States
10/27/2011 10:37 AM

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Re: 2 Grand Burning A Hole In My Pocket.
Save another grand and buy some night vision , gen 3!!
 Quoting: ThinkItOut


I'm a sucker for gadgets.


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