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

 
BleachedPink1111

User ID: 24625847
United States
05/16/2021 10:50 AM

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Re: If you had a large sum of money in the bank what would you do with it?
I got granted $9,000 recently from the SBA business loan stuff. I am diversifying by adding about $1,000 more to my stocks and IRA account, I invested about $4,000 into Dogecoin. About $1,000 into other cryptocurrencies. And I've continued to pay down my credit card debts faster than I was doing.

I still have over 6K in my bank account, and have at least another $5K coming back from my tax return I still have yet to file, so I'm going to keep paying down the rest of my credit card debts and then start investing more into cryptocurrencies. Oh, and I still need to get to a Gold Depot store to buy another $1,000 in gold and silver coins.

I have plenty of paint work scheduled to July, so this is all play money for me lol

Last Edited by BleachedPink1111 on 05/16/2021 10:51 AM
Anonymous Coward
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United States
05/16/2021 10:51 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Run to GLP and ask a bunch of moran rednecks how to spend it.
Anonymous Coward
User ID: 80366396
United States
05/16/2021 10:55 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Run to GLP and ask a bunch of moran rednecks how to spend it.
 Quoting: Anonymous Coward 80361644


Yeah, I was about to post the same thing. Why come here and ask all of us freaks? LOL.

The smart thing to do would be to pay off all your debts and then take what is left over and consult a recommended & well researched professional.

einstein-duh11
The Årtist

User ID: 80158099
United States
05/16/2021 10:58 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Wait until the markets come down then buy in on dividend / interest bearing instruments.
RAGE
Anonymous Coward
User ID: 77681659
United States
05/16/2021 11:04 AM
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Re: If you had a large sum of money in the bank what would you do with it?
All investers know,for cash,maintain full and instant liquidity.Be ready to get rid of that cash in a hurry.Mexican Pesos and baseball cards.
Anonymous Coward
User ID: 80142223
United States
05/16/2021 11:05 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 about land is you will own nothing and be happy. The thing about banks, you know they are going to be "cyber attacked" soon, the thing about fiat, it will not exist. The thing about crypto, it's a gamble. I put my money in crypto that I believe will be the future, xrp, xlm, algo, litecoin and doge. Too me, it was the best of all the choices. My next choice will to make over a box truck into a escape home off grid. But then there is the gas thing... They keep us in a perpetual state of guessing. Right now id just be happy to not be sick as fuck from being near the vaccinated.
442

User ID: 79579101
United States
05/16/2021 11:06 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Get away from the system
Live simply
Help my kids
To do the same
Proud Trump Supporter

User ID: 80357952
United States
05/16/2021 11:14 AM

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Re: If you had a large sum of money in the bank what would you do with it?
We discovered that the interest rate was ,02 percent and that it was better to purchase gold and silver where it will go up much higher over long term then next to nothing keeping it in a bank.
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill

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Thread: ASS IS IN THE WRINGER - Rolling Updates from Nov 16th to present (Page 22)
Anonymous Coward
User ID: 80373025
05/16/2021 11:21 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Hookers and blow
Anonymous Coward
User ID: 72577314
United States
05/16/2021 11:22 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...
 Quoting: BRIEF


ah ... Grasshopper ... You have learned much in Your journey ...
 Quoting: beenthruthat


great words. great theory.

This is my way too. "The way"

Wait for surf and get ready to ride the wave.
26Degrees

User ID: 80325889
Canada
05/16/2021 11:23 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 buy a fifth wheel RV and a truck to pull it....then move.

I would down size.

If you remember in the movie Forest Gump.....mom said. people only need so much money to live and the rest is for showing off.

Well, the first part is true. Regarding the second part would depend on the amount of money....and it wouldn't be used for showing off but for helping other people and animals.

First I would secure my continuing ability to exist....then the rest would go to worthy places, projects and people.

I don't require lots to be happy. Just want to be and stay stable in this unforgiving hyperinflation....the rest I would share and one of my projects would be sustainable food for people by means of training, land, business schooling and tools.

Remember .........if you give a man a fish you feed him for one time/day. If you teach a man to fish you feed him for his life.

AND of course I would be thanking both God and the means by which the gift came to me.

P.S.. I would make one exception. I would love to go on a vacation. Can't remember what that is like since it has been so long. I would love to go to one of those Sandals Beach resorts.

Last Edited by 26Degrees on 05/16/2021 11:25 AM
darth

User ID: 28178764
United States
05/16/2021 11:25 AM

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Re: If you had a large sum of money in the bank what would you do with it?
If you have land, IMPROVE your soil.

Have it tested and add any amendments recommended including trace minerals such as chromium, copper, selenium, etc. to make the food that you grow more nutritious.

Grow green manure cover crops and plow them under to decompose.
Anonymous Coward
User ID: 80362671
United States
05/16/2021 11:26 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Build an underground shelter
Nyblazer

User ID: 32517190
United States
05/16/2021 11:27 AM
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Re: If you had a large sum of money in the bank what would you do with it?
I got granted $9,000 recently from the SBA business loan stuff. I am diversifying by adding about $1,000 more to my stocks and IRA account, I invested about $4,000 into Dogecoin. About $1,000 into other cryptocurrencies. And I've continued to pay down my credit card debts faster than I was doing.

I still have over 6K in my bank account, and have at least another $5K coming back from my tax return I still have yet to file, so I'm going to keep paying down the rest of my credit card debts and then start investing more into cryptocurrencies. Oh, and I still need to get to a Gold Depot store to buy another $1,000 in gold and silver coins.

I have plenty of paint work scheduled to July, so this is all play money for me lol
 Quoting: BleachedPink1111


So in credit card debt, granted a new loan and putting most of it on into gambling the crypto market. Wise
Nyblazer
Anonymous Coward
User ID: 79508218
United States
05/16/2021 11:35 AM
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Re: If you had a large sum of money in the bank what would you do with it?
I give it all back to help pay down the national debt.


It's our duty.
Anonymous Coward
User ID: 74154047
United States
05/16/2021 11:35 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Tip my girl handsomely for an incredible lap dance chuckle
Anonymous Coward
User ID: 80364853
Canada
05/16/2021 11:37 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


1.
buy some land
dig a well
install geothermal if possible
build a cabin
build a barn
buy solar panels
build a greenhouse
put in several raised gardens
buy some goats and chickens
buy all the heirloom seeds you can

2.
buy a balanced crypto portfolio
(bitcoins/shitcoins/stable/privacy)
hodl

3.
short the stock market
Anonymous Coward
User ID: 35741584
United States
05/16/2021 11:37 AM
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Re: If you had a large sum of money in the bank what would you do with it?
If I had say 100 million I would rebuild my town. And build a big indoor outdoor pool and sports facility for them
I would tear down old structures and build up shops. Let people rent them for cheap to establish family run businesses. Beautify the area with fountains and gardens.
Shadow Dance

User ID: 59490123
United States
05/16/2021 11:42 AM
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Re: If you had a large sum of money in the bank what would you do with it?
I have a modest amount of money (enough to buy a new car) invested in physical gold - because I already have a piece of land and home that is paid for (with gardens and livestock)and because I don't trust the banks or the money markets, and I make less than a grand a month from SS ...

that way, when I need a new vehicle, or a new roof or a new septic system or a new well pump I have it ... and I need less and less because it keeps increasing in value.
Anonymous Coward
User ID: 72299469
Netherlands
05/16/2021 11:44 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Make a UFO?

epiclol
Anonymous Coward
User ID: 79508218
United States
05/16/2021 11:44 AM
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Re: If you had a large sum of money in the bank what would you do with it?
I also would give the highest paying government jobs and everyone retires in 10 years.tounge
Quryss

User ID: 46212156
United States
05/16/2021 11:45 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Buy better recording equipment


QQs
Anonymous Coward
User ID: 72299469
Netherlands
05/16/2021 11:47 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Buy better recording equipment


 Quoting: Quryss


And then install it in the UFO.

Sounds good to me.. :)
Patriot_In_Waiting

User ID: 71796270
United States
05/16/2021 11:49 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


I would buy as much physical gold and silver I could afford and still be able to live somewhat comfortably. You are right, the dollar is going away very soon. Silver is about $27/oz right now and gold is around $1800/oz
Both will be worth MUCH MORE than the dollar in the near future, might even be financially ahead of where you are now in life with some precious metals as a backup!
Patriot_In_Waiting

My name is patriot_in_waiting and I'm a GLPTARD

If we get caught.....I'm deaf, and you don't speak English
Tobie

User ID: 80373157
United States
05/16/2021 11:52 AM
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Re: If you had a large sum of money in the bank what would you do with it?
1) take it out of the bank

2) get it out of US dollars into hard assets - prob a mix of land, PM, survival shit
Anonymous Coward
User ID: 80366890
United States
05/16/2021 11:54 AM
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Re: If you had a large sum of money in the bank what would you do with it?
Buy a bigger arsenal.
Dr. Daniel Jackson

User ID: 22414914
United States
05/16/2021 11:57 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 buy things that could be used as currency no matter how hard the SHTF.

Coffee
Tobacco
Ammunition
Anonymous Coward
User ID: 79000211
05/16/2021 11:58 AM
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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


Smart!

I would diversify it into real stuff.

I assume you are just trying to protect the wealth and not necessarily spend on stuff.

gold
silver
Uranium
Oil
some cash

Ultimately invest it but wait for the crash in the fall then load in to bluechip dividend payers.

The future is advancements in biotech, tech, robotics, AI
Anonymous Coward
User ID: 69248890
United States
05/16/2021 12:00 PM
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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


I would buy a small piece of rural land in Oregon and let me start a permaculture farm. You get half of everything produced. At the same time we would both start podcasts/vlogs and either sell excess food and or crafts.
But without a solid sane sober helper.... well just be careful who you involve.
Anonymous Coward
User ID: 79000211
05/16/2021 12:00 PM
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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


1.
buy some land
dig a well
install geothermal if possible
build a cabin
build a barn
buy solar panels
build a greenhouse
put in several raised gardens
buy some goats and chickens
buy all the heirloom seeds you can

2.
buy a balanced crypto portfolio
(bitcoins/shitcoins/stable/privacy)
hodl

3.
short the stock market

 Quoting: Anonymous Coward 80364853


Bad advice! dont follow this





GLP