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

Ok, if I had some, I'd buy the following. An all american pressure canner (the largest one), a quad, a welding rig, tools, and a new hip joint

...and, acquire land. Establish a consulate for those who opt out.

FTFY

And don't count on FDIC to come to the rescue if your bank goes under. Legally FDIC can take up to 7 years to return your money.

And 5 minutes later you'd be broke.

It's sad that some of you need to pay large sums of money for a little fake affection.

I'd buy about an acre of good farmland, put a house on it if there isn't one already, some equipment, a well, some solar and if anything's left over precious metals.

I agree, to a degree,ha ha, keep some of that cash in a safe place, which is not always a bank.

Seems like money in the bank is just a sitting target for hyperinflation, gov haircut, financial reset.

Might as well park it in something tangible until the lay of the land becomes clearer - something useful, that will hold it's value, not easy to steal and readily tradeable.

New Mexico. There are almost no black people here.

When I went to nursing school a long time ago we learned Loeb's Laws.
Loeb was a physician back in the early 1900s and postulated a set of laws that bear his name.
Most apply not only to medicine but also to life.

#1 If what you're doing is working, keep doing it.
#2 If what you're doing is not working, stop doing it.
#3 IF YOU DON'T KNOW WHAT TO DO, DONT DO ANYTHING.
#4 Above all else, never let your patient fall into the hands of a surgeon.

DIS

An acre isn't very much room at all and you would have very close neighbors.

id buy a cnc machine or an electron microscope

That's what I'm thinking. What do you suggest?

Barrett 50BMG

I bank in Canada,in a checking account,can write checks in USD$,ready to write.

Man that one went way over your head

Preps.

that's going to cost about 500k.

Very good!

It may not be an original theory but it's not plagiarized...

FTFY

That's true but the more land you have the more taxes you pay and the more upkeep and maintenance you have. I'd just be interested in enough to have a nice garden to feed myself with a little left over.

Probably in a semi-rural area, plots of land between 1 and 20 acres.

Neighbors aren't really a bad thing, you want community. People who are in a community have a higher chance of survival than people isolated.

Drugs, alcohol and women. But that's nothing new.

You might have gone through all the options in your head, but the fixed income mutual fund would do what it sounds like you are seeking to do.

If you want to be safer in event of further societal upheaval, definitely invest in a rocket stove for cooking (or diy your own and save some money), locate a cleanish water source, and get a good off the grid water purifier (ie berkey, but that choice is up to you). Beyond that, so long as you are on your own land and able to perpetuate with minimal effort (strawberries grow back, asparagus does too, potatoes can be re-planted and if you have a hay or straw source, you can do potatoes without much effort as well, above ground)...I’d also consider amaranth as the greens are healthy (baby greens, and it keeps growing, check youtube), and amaranth seeds are plentiful when harvesting those and can be used for the proceeding year...you can make cereal from it by dry pan puffing them, like popcorn...for breakfast cereal option in event of an end of days scenario. Raspberries and blueberries as well, blueberries especially if you have pine trees around, for collecting the pine needles for the blueberries.

You could buy earth bags if you don’t live in a flood zone, and store them safely, in event the end of days occurs, then you can build a home off the side of yours that does not require the same amount of heating and AC to maintain temps. But all of these things together are not expensive. And you will have cash remaining, which is great for an emergency fund, and if you invest in a fixed interest fund, some of those have remarkably high interest. If you have a bit more coming in than you spend, you can add to the investment.

You have young children, so it is wise to think of them before doing anything crazy with the money. If you are bored, you could throw 1000 of it into day trading, only once educated, and put the rest into fixed interest funds.

What other ideas you are trying to scout from people in here is investment advice that I would avoid. (Those saying which specific crypto to consider, precious metal, etc).

Regardless, you can’t uncover fixed interest funds from your brain, that requires actual research.

Last Edited by InfiniTea on 05/16/2021 10:46 AM

Prostitutes and coke

There really isn't much upkeep except to fix the fences. And if you have enough you get ag exemption to help with the taxes. And finding just one acre of land to buy is almost impossible unless you want to live in a housing development.

Not even half of that.

Here's 2+ acres in the mountains of GA with a water source for $40K (asking price...probably get it for $35K)

[link to www.zillow.com (secure)]

Now build a 1800 sq. ft. modular (not mobile) home on that land, very nicely equipped, for about $175,000.

But OP is looking at the price range of a car, I believe.

First, don't take advice from people who are broke.

If you are not debt free, get there, don't even take zero percent loans, as there is precedent to revalue loans to Gold even in the absence of a Government holding Gold during a collapse.

Get away from population centers move to a rural area where state and local government support your world view. Ideally an area where intentional communities are already established who support your world view. Become part of an intentional community of other people you can trust.

Focus on production not consumption. Make sure you are a net producer of food, water, shelter, power, security, medical, communication, intelligence, and community.

While things remain calm establish a variety of businesses that produce and maintain inventory in the categories above. So when the balloon goes up, you are sitting on means of production and inventory of the things you need.

Buy equal parts XLM and XRP

ah ... Grasshopper ... You have learned much in Your journey ...