If you had a large sum of money in the bank what would you do with it? | |
Anonymous Coward User ID: 78322444 ![]() 05/16/2021 09:59 AM Report Abusive Post Report Copyright Violation | |
President-Elect D. Moraniac Clinging to my guns and Bibles User ID: 76239479 ![]() 05/16/2021 10:00 AM ![]() Report Abusive Post Report Copyright Violation | 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. Quoting: Stella Wayten 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? Well I do have that amount in the bank, and I would do what I am doing, leave it sitting in the bank. LOL. Winter is Coming. |
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Anonymous Coward User ID: 80355656 ![]() 05/16/2021 10:02 AM Report Abusive Post Report Copyright Violation | Or you could just relax and realize there is a 99% chance nothing happens in your lifetime. Quoting: Anonymous Coward 79248910 Cycles. This year the world will kill millions. Yah. You are safe. Your not going to die. Sure. Next year the world will kill billions: Yah. Not you. Your not going to die. Sure. 2023 ? Is it your turn? |
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Stella Wayten (OP) User ID: 75397281 ![]() 05/16/2021 10:03 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Stella Wayten 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? Well I do have that amount in the bank, and I would do what I am doing, leave it sitting in the bank. LOL. Are you not worried about the value of the dollar dropping? I would feel silly if I left it in the bank to drop to nothing when I could have at least had some enjoyment from it before it was worth nothing. Idk. It's all gambling, really. Gu as it just depends on how big of risk you are willing to take. |
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pool I will find you in the liminal User ID: 80073096 ![]() 05/16/2021 10:04 AM ![]() Report Abusive Post Report Copyright Violation | |
Stella Wayten (OP) User ID: 75397281 ![]() 05/16/2021 10:04 AM Report Abusive Post Report Copyright Violation | |
Stella Wayten (OP) User ID: 75397281 ![]() 05/16/2021 10:05 AM Report Abusive Post Report Copyright Violation | |
Daozen User ID: 80371844 ![]() 05/16/2021 10:06 AM Report Abusive Post Report Copyright Violation | - 100 hours of language lessons. - 100 hours of music lessons. - 100 hours of programming/web design lessons. - Exercise. You could use personal tutors or Coursera. Gold goes up and down, but languages and music can change your path forever. Daozen appears to be mentally impaired, but harmless. Attention! You are in a Private Universe. Simulation Terms of Service: h t t p s ://godlikemidnight . vercel . app The world is a feeling. "The syntactical nature of reality, the real secret of magic, is that the world is made of words." |
Anonymous Coward User ID: 80336228 ![]() 05/16/2021 10:07 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Stella Wayten 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? Listen to what this CPA is doing to earn PASSIVE income on his USDT Crypto |
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Ntg567 User ID: 80126379 ![]() 05/16/2021 10:09 AM ![]() Report Abusive Post Report Copyright Violation | Buy land out of city and set it up with solar, a well, buy shit ton of supplies. Buy some farm animals. Bounce the fuck out and wait. Edit: saw you say just enough for a car haha in that case my ass would be getting a nifty 300 round blk out. Last Edited by Ntg567 on 05/16/2021 10:11 AM Trust no one, question everything “Individuality is a problem for the party” N |
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Abe Froman User ID: 80206570 ![]() 05/16/2021 10:10 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Stella Wayten 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? You need to give all your money to black people because they say so. Crap |
Anonymous Coward User ID: 78964144 05/16/2021 10:10 AM Report Abusive Post Report Copyright Violation | I've been asking myself that. I have investments that are doing fine but I have 240k sitting in a savings account and 10k in my front left cargo pocket in my shorts. House paid off, 2 cars paid off, no debt. Yes I am a procrastinator. |
Anonymous Coward User ID: 78893122 ![]() 05/16/2021 10:10 AM Report Abusive Post Report Copyright Violation | you mean let the bank use your money so they can finance others with it? what if they just say sorry no more money for you mr :) which is possible as banks dont have money actually :) 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. Quoting: Stella Wayten 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? Well I do have that amount in the bank, and I would do what I am doing, leave it sitting in the bank. LOL. |
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InfiniTea User ID: 80241920 ![]() 05/16/2021 10:11 AM Report Abusive Post Report Copyright Violation | What is a large sum of money to you? Put some perspective to your question and you might be able to get some kind of real answer. Quoting: Anonymous Coward 80372826 I said an amount to be able to pay cash for a car. Only you can do the research and only you know your risk tolerance. CD- low low interest bearing. Doesn’t match inflation. Doesn Match damage to value of the dollar. Mutual funds- some guarantee the level of interest (fixed interest funds).. Some don’t. The ones that don’t, past performance isn’t indicative of future results. But there is something out there that will probably fit what you are looking for. So those that don’t guarantee, they are so much more risky, but if you are okay keeping the money away for a long time, you might see returns that are massive. Day trading - you can do this with stocks or forex or crypto or anything, with or without leverage. But, you have to realise it’s money you may lose. You’d need to educate yourself before delving. Most people lose money. You have kids. Not likely a great option. This is the most risky option of everything I mention. |
Anonymous Coward User ID: 78964144 05/16/2021 10:11 AM Report Abusive Post Report Copyright Violation | I've been asking myself that. Quoting: Anonymous Coward 78964144 I have investments that are doing fine but I have 240k sitting in a savings account and 10k in my front left cargo pocket in my shorts. House paid off, 2 cars paid off, no debt. Yes I am a procrastinator. Before you get any ideas I carry two handguns. |
Anonymous Coward User ID: 80372826 ![]() 05/16/2021 10:12 AM Report Abusive Post Report Copyright Violation | What is a large sum of money to you? Put some perspective to your question and you might be able to get some kind of real answer. Quoting: Anonymous Coward 80372826 I said an amount to be able to pay cash for a car. Then I wouldn't consider that a large sum, in fact it's rather small but it's all perception anyway. Don't be foolish with it (waste it on things that won't make you happy) and don't expect huge growth overnight. If you want to preserve the value, put the money in good growth mutual funds and make 10-12% annually and reinvest the dividends. Over the next 10 years, you would triple it easy. I wouldn't play in the precious metals arena unless you are simply looking to offset inflation with minimal growth. Definitely no cryto... too much risks IMO. Land would probably be your best bet and most likely would be what I myself would do. Find yourself a good 5+ acres and pay cash for it. You can use the land for recreation and have a place to bug out to if needed. You can build later if you want or sell it in the future for a very nice profit. All my advice is based on long term savings ideas. |
Anonymous Coward User ID: 79092383 ![]() 05/16/2021 10:13 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Stella Wayten 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? Dollar won't be falling. Dollar doesn't exist anymore lol since the emergency banking act did away with the dollar. you think the federal reserve note is a dollar.... its not. Its a good thing and we will all trust in that. Anyways I like to take whatever extra funds i have and give it to my favorite people as random secret gifts lol everyone loves a good montary gift. |