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

 
Anonymous Coward
User ID: 78893122
United States
05/16/2021 10:13 AM
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Re: If you had a large sum of money in the bank what would you do with it?
the thing is that the banks are going to ask you for what reason you are going to use it :) if they hear its for that they wont give you the money. thats what banks are with that they dont have money, they have the money of other people including yours.

banks are not to be trusted.

I would go as completely off grid as possible.
 Quoting: Rabbit In The Hat
Beanie Baby

User ID: 11027333
United States
05/16/2021 10:13 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Gold. 80%. Take physical delivery (they may have to send it in small amounts over time for security, a friend just went through this).

Build a nice pirate chest, fill it with the gold, and then put it into a super safe.

The other 20% I would spread over various crypto.

BTC, DOGE (I know but damn Elon pumping it), ADA, ETH.
Texas Best Republic

User ID: 4524052
United States
05/16/2021 10:13 AM

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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.
 Quoting: Anonymous Coward 79721873


hfhfhf
Cheaters gonna cheat
Anonymous Coward
User ID: 80372826
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05/16/2021 10:13 AM
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Re: If you had a large sum of money in the bank what would you do with it?
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.

 Quoting: Anonymous Coward 78964144


Buy yourself a rental home or buy a decent piece of land.
T-Man
Entitled title

User ID: 78270630
Netherlands
05/16/2021 10:14 AM

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Re: If you had a large sum of money in the bank what would you do with it?
Buy the dip!
 Quoting: BFD


hesright

haha
BRIEF

User ID: 79662918
United States
05/16/2021 10:14 AM

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Re: If you had a large sum of money in the bank what would you do with it?
You should have a large sum of money in the bank, for emergencies...and an investment portfolio...Unless you want to be a poor person...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 80369110
United States
05/16/2021 10:14 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Solar panels and batteries
beenthruthat

User ID: 78503183
Canada
05/16/2021 10:14 AM

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Re: If you had a large sum of money in the bank what would you do with it?
I would use the money and ( go where no man has gone before )... have all the supplies Air Dropped ( to last the duration of My life ) ... and spend the rest of My life with God in Nature ... but You say You are in the perfect spot O.P. ... then I would make sure I had some People ( Close by ) who had My back ... even If I had to gift them land ... good neighbor policy ... You might say ...
People don't care how much You know ... till they know how much You care ...
GA Girl

User ID: 78310900
United States
05/16/2021 10:15 AM

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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 could ride your bike 10 miles to town to scope out the completely empty grocery store. :)
BRIEF

User ID: 79662918
United States
05/16/2021 10:16 AM

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Re: If you had a large sum of money in the bank what would you do with it?
You should have at least 18 months worth of living expenses saved...I have said to do this long before the pandemic, but in preparation for such an event...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 78893122
United States
05/16/2021 10:16 AM
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Re: If you had a large sum of money in the bank what would you do with it?
another misconception " i own this or own that i have a house" you dont OWN anything if you have not finished paying for it, and even then, a government can STILL take your terrain and with that your house away if they want.

" oh but thats illigal " wrong, the government can as the land is theirs even if you think or if they make you believe its yours, its not.

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.
 Quoting: Anonymous Coward 79721873


hfhfhf
 Quoting: Texas Best Republic
Fluffy Pancakes

User ID: 32630346
United States
05/16/2021 10:16 AM

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Re: If you had a large sum of money in the bank what would you do with it?
Personally, if I had a chunk of change, I'd get all preps topped off, buy a small sawmill, make certain that water collection and purification was in order, put in tons of raised beds and hoop houses, buy guns, ammo, silver and a gas powered golf cart for transportation. Maybe an electric one too. Solar to charge that, and he'll filled tires on both.

There.. that was fun.
Things are bad enough, there is no need to make anything up.

"Never interrupt an enemy in the process of destroying himself."...Q

"The Chinese virus can't be the only thing made in China that actually works as designed."~Fluffy Pancakes

Quercitin and zinc...Get it. Take it.
And Release the Kraken
Anonymous Coward
User ID: 80372826
United States
05/16/2021 10:17 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Gold. 80%. Take physical delivery (they may have to send it in small amounts over time for security, a friend just went through this).

Build a nice pirate chest, fill it with the gold, and then put it into a super safe.

The other 20% I would spread over various crypto.

BTC, DOGE (I know but damn Elon pumping it), ADA, ETH.
 Quoting: Beanie Baby


You know how I know you don't have any real wealth. Not trying to put you down, but these are the two worst ideas. Precious metals are extremely manipulated are not a vehicle of growth. Crypto is far too risky unless you like gambling and have the money to lose.
Anonymous Coward
User ID: 79623367
United Kingdom
05/16/2021 10:18 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Sod off to Siberia or some other far flung Russian outback and live a simple life of growing my own food and rearing animals etc, and try and be self sufficient, sod the outside world. Money is not everything, but it could help to get you on the road to true happiness and contentment(and that is not worldly goods or possessions).
[link to www.youtube.com (secure)]
Happy in Nature
the earth laughs in flowers

User ID: 80173026
05/16/2021 10:18 AM

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Re: If you had a large sum of money in the bank what would you do with it?
Perhaps all three. Some silver, gold, and old coins. Dabble in a few cryptos (though I personally think Bitcoin is grossly overvalued) and if there is something fun that you want to do or have,don't feel bad about spending some on yourself.

I think the mountain bikes are a good idea if you don't already have them.
lightchild_uk
Waiting for IT

User ID: 79876398
United Kingdom
05/16/2021 10:18 AM

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Re: If you had a large sum of money in the bank what would you do with it?
Buy utility crypto.

XRP, XLM, IOTA, XDC, ALGO, ADA, VET, HBAR, GRT


Oh yes, that's what I did do.
And I'm up over 200% in less than 6 months.
Anonymous Coward
User ID: 72577314
United States
05/16/2021 10:19 AM
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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


OP, where is the "perfect" area?

I had considered Northern Idaho and now Western South Dakota or Western Montana. Idaho is off the list because too much influx.
Anonymous Coward
User ID: 78893122
United States
05/16/2021 10:20 AM
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Re: If you had a large sum of money in the bank what would you do with it?
LMAO most people dont even know how to respond to what i write here cus most here are sheep baaaa yea you think you are not but you are.
Stella Wayten  (OP)

User ID: 75397281
United States
05/16/2021 10:21 AM

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Re: If you had a large sum of money in the bank what would you do with it?
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.
 Quoting: Stella Wayten


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.
 Quoting: InfiniTea


I've gone thru all of those options in my head. Just trying to see if y'all have thought of something I haven't.
ElleMira

User ID: 76494359
United States
05/16/2021 10:21 AM

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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


^this

Invest in necessities for every day survival. Pay off mortgage, invest in sustainable food practices to include necessities for maintaining a sustainable lifestyle. Look at 19th century practices, Amish, Shakers, early pioneers, colonial living, etc.

Last Edited by ElleMira on 05/16/2021 10:22 AM
Beanie Baby

User ID: 11027333
United States
05/16/2021 10:21 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Gold. 80%. Take physical delivery (they may have to send it in small amounts over time for security, a friend just went through this).

Build a nice pirate chest, fill it with the gold, and then put it into a super safe.

The other 20% I would spread over various crypto.

BTC, DOGE (I know but damn Elon pumping it), ADA, ETH.
 Quoting: Beanie Baby


You know how I know you don't have any real wealth. Not trying to put you down, but these are the two worst ideas. Precious metals are extremely manipulated are not a vehicle of growth. Crypto is far too risky unless you like gambling and have the money to lose.
 Quoting: Anonymous Coward 80372826


I personally am not a fan of metals myself. I am a crypto guy. But the OP stated they don't want to invest in crypto, so, gold is probably where they should be.

I pulled everything out of BTC minutes after Elon tweeted his garbage and got out at 54k. I will be buying back in soon.

Also waiting for Elon to drop his own coin, which is pretty inevitable now.
Anonymous Coward
User ID: 80312081
United States
05/16/2021 10:22 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Donate to charity and individuals
Agent 99

User ID: 77082640
United States
05/16/2021 10:22 AM

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

Tools, blankets, paper, long term food items, a hand mill, comfort items, books, feed, firestarter, saws, car replacement items, hardcopy entertainment items. Things that people wanted in WWII when they are stuck home without jobs and starving.
Anonymous Coward
User ID: 80372645
Ukraine
05/16/2021 10:22 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Buy the dip!
 Quoting: BFD


hesright


https://imgur.com/a/XywH9lP
Anonymous Coward
User ID: 76127668
United States
05/16/2021 10:23 AM
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Re: If you had a large sum of money in the bank what would you do with it?
LMAO most people dont even know how to respond to what i write here cus most here are sheep baaaa yea you think you are not but you are..look at me, I am special
 Quoting: Anonymous Coward 78893122
Agent 99

User ID: 77082640
United States
05/16/2021 10:23 AM

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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


^this

Invest in necessities for every day survival. Pay off mortgage, invest in sustainable food practices to include necessities for maintaining a sustainable lifestyle. Look at 19th century practices, Amish, Shakers, early pioneers, colonial living, etc.
 Quoting: ElleMira


This.
BRIEF

User ID: 79662918
United States
05/16/2021 10:23 AM

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Re: If you had a large sum of money in the bank what would you do with it?
My theory that I call "The do something disease" comes into play here...Usually, the best course of action in situations such as these, the best thing to do is nothing...even when your gut is screaming that you need and must act and DO something...Don't.

The law of unintended consequences sets you up for failure...By doing nothing, you avoid many mistakes and having money in the bank in never ever a bad thing...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
User ID: 80351412
United States
05/16/2021 10:24 AM
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Re: If you had a large sum of money in the bank what would you do with it?
2 chicks at the same time
Anonymous Coward
User ID: 79310374
Romania
05/16/2021 10:24 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Put it this way, the chinese are buying up your property for a reason.
Anonymous Coward
User ID: 80372910
United States
05/16/2021 10:24 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Address a certain type of “waste.”
Address health with fitness products.





GLP