Godlike Productions - Discussion Forum
Users Online Now: 2,734 (Who's On?)Visitors Today: 288,904
Pageviews Today: 814,225Threads Today: 228Posts Today: 5,948
12:14 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

If you had a large sum of money in the bank what would you do with it?

 
Stella Wayten
Offer Upgrade

User ID: 75397281
United States
05/16/2021 09:35 AM

Report Abusive Post
Report Copyright Violation
If you had a large sum of money in the bank what would you do with it?
Just curious what you would spend a large some of money on right now. With the way things are going I assume the value of a dollar will be falling pretty soon. So if you had a large sum sitting in an account somewhere, what would you do with it? I'm not talking about enough to buy a decent amount of land. Just enough to buy a new car with cash.

Put it in gold and/or silver?

Buy something to have fun in these last years of semi normalcy?

Put it all in crypto and cross your fingers that it doesn't bottom out?

What?
BFD

User ID: 71192406
United States
05/16/2021 09:36 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Buy the dip!
Conservative Artist
INFJ
Anonymous Coward
User ID: 79248910
United States
05/16/2021 09:37 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Just curious what you would spend a large some of money on right now. With the way things are going I assume the value of a dollar will be falling pretty soon. So if you had a large sum sitting in an account somewhere, what would you do with it? I'm not talking about enough to buy a decent amount of land. Just enough to buy a new car with cash.

Put it in gold and/or silver?

Buy something to have fun in these last years of semi normalcy?

Put it all in crypto and cross your fingers that it doesn't bottom out?

What?
 Quoting: Stella Wayten


Real estate, farmland, horses , cows, livestock, old school stuff.
Anonymous Coward
User ID: 79248910
United States
05/16/2021 09:39 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Get some good cross country bikes. And a manual tire pump. When the gas runs out, you’re gonna need transportation.
Anonymous Coward
User ID: 74154047
United States
05/16/2021 09:39 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
First thing I would do is move.
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:39 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Just curious what you would spend a large some of money on right now. With the way things are going I assume the value of a dollar will be falling pretty soon. So if you had a large sum sitting in an account somewhere, what would you do with it? I'm not talking about enough to buy a decent amount of land. Just enough to buy a new car with cash.

Put it in gold and/or silver?

Buy something to have fun in these last years of semi normalcy?

Put it all in crypto and cross your fingers that it doesn't bottom out?

What?
 Quoting: Stella Wayten


Real estate, farmland, horses , cows, livestock, old school stuff.
 Quoting: Anonymous Coward 79248910


In my scenerio it isn't enough to buy real estate or farmland. And what if you already have all of the livestock you can handle?
Anonymous Coward
User ID: 77294967
Poland
05/16/2021 09:40 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Buy DOGE!!!!!!
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:40 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Get some good cross country bikes. And a manual tire pump. When the gas runs out, you’re gonna need transportation.
 Quoting: Anonymous Coward 79248910


And if you live in the middle of no where, where do you plan on going?
Anonymous Coward
User ID: 79854066
United States
05/16/2021 09:40 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
First thing I would do is move.
 Quoting: iseeyourmind


where?
Anonymous Coward
User ID: 80100578
United States
05/16/2021 09:40 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Just curious what you would spend a large some of money on right now. With the way things are going I assume the value of a dollar will be falling pretty soon. So if you had a large sum sitting in an account somewhere, what would you do with it? I'm not talking about enough to buy a decent amount of land. Just enough to buy a new car with cash.

Put it in gold and/or silver?

Buy something to have fun in these last years of semi normalcy?

Put it all in crypto and cross your fingers that it doesn't bottom out?

What?
 Quoting: Stella Wayten


Durable goods, and then diversify.
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:40 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
First thing I would do is move.
 Quoting: iseeyourmind


What if you already live in the perfect area?
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:41 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Buy DOGE!!!!!!
 Quoting: Anonymous Coward 77294967


Too risky.
Anonymous Coward
User ID: 79248910
United States
05/16/2021 09:43 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Get some good cross country bikes. And a manual tire pump. When the gas runs out, you’re gonna need transportation.
 Quoting: Anonymous Coward 79248910


And if you live in the middle of no where, where do you plan on going?
 Quoting: Stella Wayten


You need wheels if you ever have to get out of dodge fast...natural disaster, someone is after you, etc.

Always have a mountain bike with tough tires.
Anonymous Coward
User ID: 74154047
United States
05/16/2021 09:44 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
First thing I would do is move.
 Quoting: iseeyourmind


What if you already live in the perfect area?
 Quoting: Stella Wayten


Then don't move :P
Anonymous Coward
User ID: 79248910
United States
05/16/2021 09:44 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Or you could just relax and realize there is a 99% chance nothing happens in your lifetime.
Offbeat

User ID: 80371509
United States
05/16/2021 09:45 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
I'd buy a mower, rake and a nice baler with accumulator. And turn it into more money..
Anonymous Coward
User ID: 79721873
United States
05/16/2021 09:45 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Id payoff the house my children live in. Thats all i want. I could live in a tent, but as long as my little girl can keep her room and have her yard, man... thats priceless.
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:45 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Get some good cross country bikes. And a manual tire pump. When the gas runs out, you’re gonna need transportation.
 Quoting: Anonymous Coward 79248910


And if you live in the middle of no where, where do you plan on going?
 Quoting: Stella Wayten


You need wheels if you ever have to get out of dodge fast...natural disaster, someone is after you, etc.

Always have a mountain bike with tough tires.
 Quoting: Anonymous Coward 79248910


And if you have several kids?
Anonymous Coward
User ID: 79759660
United States
05/16/2021 09:46 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Two chicks at the same time.
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:47 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
I'd buy a mower, rake and a nice baler with accumulator. And turn it into more money..
 Quoting: Offbeat


This is the kind of answers I'm looking for. Things like this. Not enough to pay off a house or buy land etc but enough to buy some kind of equipment. Buy something that can be used to replace the money or something that will hold its value.
Offbeat

User ID: 80371509
United States
05/16/2021 09:51 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Livestock always need fed and the people with livestock have money 99 % of the time. If you have land and want something less physical. There is always corn, beans, potatoes, etc.
Offbeat

User ID: 80371509
United States
05/16/2021 09:53 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Having a skid steer and a smaller excavator around with a dump trailer pays good also.
InfiniTea

User ID: 80241920
Romania
05/16/2021 09:55 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Depends on the sum. Some banks have safe investments that earn a certain %, and it’s a set guaranteed rate.

If you have enough, those safe investments could carry you in perpetuity, though you would need to shuffle money as the percent might change. Also, I’d limit each to the max that is protected, which in the Us, each account is guaranteed up to $250,000 per fdic bank.

So if you found a few banks with 5% guaranteed investment, well, that could be $5000 a year per 100,000 in the bank.

I personally don’t need more than 15,000 to live, annually, so something like this would work for me if I had that amount. The banks in America are quite good for that, at least.

Just be mindful of inflation, when planning that. It’s “safe”...

If you have a lot of free time, that definitely changes what I’d hypothesise. If you have good and fast internet, that even more so alters what I would hypothesise would be beneficial.

But also realise, risky investments carry massive risk.

If you inherited a million dollars, a five percent investment that you don’t touch for several years will turn out very nicely and can help offset a bit of the inflation..

If you are bored day to day, you could take up trading and manage a small % of those funds until you are comfortable with your trading strategy (while keeping the bulk in some semblance of an investment that is without or with minimal risk.)...

If you intend to stay and are located in the USA, there are certain highly sought after mutual funds that you might put a small amount of your inheritance into, such as 5-10%, that could build quite quickly, such as blue chip type...

I won’t get into specific funds, and I have no skin in the game. I left America, and cannot even buy those funds for myself, though could in theory set up a trust of such fund for a family member. Probably. I think.

I am not a financial advisor. I recommend if you are interested in doing your own trading and day trading to go through something educational first. There are certain websites I liked for learning how to trade, that are invaluable...from there it’s just a bit of experimentation.


Safest route is the highest %, of a guaranteed interest*, invested in chunks of <$250k, one chunk per fdic bank.

An aside, Unless you are incredibly risk tolerant and are okay with riding out the dips, never risk more than 3% in any individual high risk investment category.

Last Edited by InfiniTea on 05/16/2021 09:56 AM
Anonymous Coward
User ID: 79248910
United States
05/16/2021 09:55 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Get some good cross country bikes. And a manual tire pump. When the gas runs out, you’re gonna need transportation.
 Quoting: Anonymous Coward 79248910


And if you live in the middle of no where, where do you plan on going?
 Quoting: Stella Wayten


You need wheels if you ever have to get out of dodge fast...natural disaster, someone is after you, etc.

Always have a mountain bike with tough tires.
 Quoting: Anonymous Coward 79248910


And if you have several kids?
 Quoting: Stella Wayten


Then get several bikes.

You can’t be that stupid.

Get everyone a bike a backpack.

You know what to do.
Anonymous Coward
User ID: 79248910
United States
05/16/2021 09:56 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Or you could just relax and realize there is a 99% chance nothing happens in your lifetime.
 Quoting: Anonymous Coward 79248910
ScrumpTheTexanModerator
Forum Administrator

05/16/2021 09:57 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
scrumpbump
I am a Christian.

Christian does not equal doormat or pushover

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD

The Election of Donald John Trump: [link to www.godlikeproductions.com]

For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 09:58 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
...


And if you live in the middle of no where, where do you plan on going?
 Quoting: Stella Wayten


You need wheels if you ever have to get out of dodge fast...natural disaster, someone is after you, etc.

Always have a mountain bike with tough tires.
 Quoting: Anonymous Coward 79248910


And if you have several kids?
 Quoting: Stella Wayten


Then get several bikes.

You can’t be that stupid.

Get everyone a bike a backpack.

You know what to do.
 Quoting: Anonymous Coward 79248910


You think toddlers and small children can travel for miles on bicycles? You must not have kids.
Anonymous Coward
User ID: 80369274
South Africa
05/16/2021 09:59 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Vanish. Go somewhere faaaaar away. No phone, no computer.
Gone.
Anonymous Coward
User ID: 80372379
United States
05/16/2021 09:59 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Just curious what you would spend a large some of money on right now. With the way things are going I assume the value of a dollar will be falling pretty soon. So if you had a large sum sitting in an account somewhere, what would you do with it? I'm not talking about enough to buy a decent amount of land. Just enough to buy a new car with cash.

Put it in gold and/or silver?

Buy something to have fun in these last years of semi normalcy?

Put it all in crypto and cross your fingers that it doesn't bottom out?

What?
 Quoting: Stella Wayten


Sitting in the bank till I find a decent house to spend it on.
Anonymous Coward
User ID: 79983023
United States
05/16/2021 09:59 AM
Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
Buy DOGE!!!!!!
 Quoting: Anonymous Coward 77294967


Too risky.
 Quoting: Stella Wayten


I think it's too risky not to at this point really. The way the other Cryptos move up.. what do you think is going to happen when it lands on Coinbase? Or Elon really starts accepting it.
lil_g

User ID: 78275883
United States
05/16/2021 09:59 AM

Report Abusive Post
Report Copyright Violation
Re: If you had a large sum of money in the bank what would you do with it?
$ASS
dream





GLP