Page 1 of 2 12 Last
  • Jump to page:
    #1
  1. A Change of Season
    Devshed Frequenter (2500 - 2999 posts)

    Join Date
    Mar 2004
    Location
    Next Door
    Posts
    2,650
    Rep Power
    171

    What is the best thing to do with 50 grand?


    What is the best thing to do with 50 grand?
  2. #2
  3. Did you steal it?
    Devshed Supreme Being (6500+ posts)

    Join Date
    Mar 2007
    Location
    Washington, USA
    Posts
    13,965
    Rep Power
    9397
    Put it in a bank until you know better ways of investing money.
  4. #3
  5. A Change of Season
    Devshed Frequenter (2500 - 2999 posts)

    Join Date
    Mar 2004
    Location
    Next Door
    Posts
    2,650
    Rep Power
    171
    Originally Posted by requinix
    Put it in a bank until you know better ways of investing money.
    I was doing exactly that since it was 10 grand. Still waiting? I'm pretty sure there are better things than 4% annual interest
  6. #4
  7. No Profile Picture
    Contributing User
    Devshed Newbie (0 - 499 posts)

    Join Date
    May 2013
    Location
    /dev/null
    Posts
    163
    Rep Power
    19
    50 grand of what? USD, GBP, EUR, JPY, CAD, AUD, NZD, INR, CNY? (He, he.. I worked for a forex company). Well, if it's JPY or INR or CNY, it's not much compared to 50k of EUR or GBP.

    A sure way of retaining your money (and increase it to some extent) would be to invest in fixed deposits or recurring deposits or by buying precious metals ( Ag, Au, Pt, diamonds (not a metal though, but you get the idea) )

    There are other options too, viz. mutual funds, share/stock trading, forex trading. But these involve risks and you need to spend some time understanding and working them out.

    Anyway, as the adage goes: Little drops make an ocean.
    Happy saving
  8. #5
  9. A Change of Season
    Devshed Frequenter (2500 - 2999 posts)

    Join Date
    Mar 2004
    Location
    Next Door
    Posts
    2,650
    Rep Power
    171
    Originally Posted by noobie1000
    50 grand of what? USD, GBP, EUR, JPY, CAD, AUD, NZD, INR, CNY? (He, he.. I worked for a forex company). Well, if it's JPY or INR or CNY, it's not much compared to 50k of EUR or GBP.

    A sure way of retaining your money (and increase it to some extent) would be to invest in fixed deposits or recurring deposits or by buying precious metals ( Ag, Au, Pt, diamonds (not a metal though, but you get the idea) )

    There are other options too, viz. mutual funds, share/stock trading, forex trading. But these involve risks and you need to spend some time understanding and working them out.

    Anyway, as the adage goes: Little drops make an ocean.
    Happy saving
    GBP would be great but it's American dollars. I looked at Gold and Silver Price, it hasnt been good for a while.
  10. #6
  11. No Profile Picture
    Contributing User
    Devshed Newbie (0 - 499 posts)

    Join Date
    May 2013
    Location
    /dev/null
    Posts
    163
    Rep Power
    19
    Originally Posted by zxcvbnm
    GBP would be great
    In that case, you would want to have 50k of KWD
  12. #7
  13. No Profile Picture
    Contributing User
    Devshed Regular (2000 - 2499 posts)

    Join Date
    Mar 2006
    Posts
    2,437
    Rep Power
    1688
    "I spent a lot of money on booze, birds and fast cars. The rest I just squandered." - George Best

    Comments on this post

    • aitken325i agrees
    The moon on the one hand, the dawn on the other:
    The moon is my sister, the dawn is my brother.
    The moon on my left and the dawn on my right.
    My brother, good morning: my sister, good night.
    -- Hilaire Belloc
  14. #8
  15. Sarcky
    Devshed Supreme Being (6500+ posts)

    Join Date
    Oct 2006
    Location
    Pennsylvania, USA
    Posts
    10,846
    Rep Power
    6351
    There are index funds which are designed to maximize your retirement income. You can invest all your money into such a fund and it will start out very aggressive/risky, then slowly get more and more conservative as it ages until it's basically just government bonds at the year of your retirement, then you just cash it out.
    HEY! YOU! Read the New User Guide and Forum Rules

    "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." -Benjamin Franklin

    "The greatest tragedy of this changing society is that people who never knew what it was like before will simply assume that this is the way things are supposed to be." -2600 Magazine, Fall 2002

    Think we're being rude? Maybe you asked a bad question or you're a Help Vampire. Trying to argue intelligently? Please read this.
  16. #9
  17. Lounge Troll
    Devshed Loyal (3000 - 3499 posts)

    Join Date
    Jun 2004
    Location
    Austin, TX
    Posts
    3,469
    Rep Power
    667
    Start a business or invest it wisely? If you're burnt out, take a sabbatical.
    Codeinated
  18. #10
  19. No Profile Picture
    Contributing User
    Devshed Newbie (0 - 499 posts)

    Join Date
    Jul 2013
    Location
    America (But which one?)
    Posts
    43
    Rep Power
    1
    4% interest?!?!?!

    There is nothing better than that. I can't find a safe form of investment with more than 1% interest!! Anything else will have a risk of loss (such as stocks). Stick with your 4%, keep adding to it, and stop posting on a public forum about how much money you have. Nobody cares, just ask for investment advice without saying how much you have.
  20. #11
  21. No Profile Picture
    Contributing User
    Devshed Newbie (0 - 499 posts)

    Join Date
    Jul 2013
    Location
    the Netherlands
    Posts
    41
    Rep Power
    1
    go on vacation and get a precious life experience
  22. #12
  23. No Profile Picture
    Super Moderator
    Devshed Specialist (4000 - 4499 posts)

    Join Date
    Jul 2003
    Posts
    4,007
    Rep Power
    2791
    Uh, I would recommend one of these three choices.

    A) Blow it all.
    B) Use it as a deposit for a mortgage on a home.
    C) Invest it after speaking to an actual financial advisor, who has some decent credentials.
    [PHP] | [Perl] | [Python] | [Java] != [JavaScript] | [XML] | [ANSI C] | [C++] | [LUA] | [MySQL] | [FirebirdSQL] | [PostgreSQL] | [HTML] | [XHTML] | [CSS]

    W3Fools - A W3Schools Intervention.
  24. #13
  25. No Profile Picture
    Contributing User
    Devshed Frequenter (2500 - 2999 posts)

    Join Date
    Dec 2004
    Posts
    2,969
    Rep Power
    374
    you could

    1. give it to me and i will invest it all for you.
    2. buy some PHP books about security etc OR 3
    3. hire someone to teach you PHP skills.
  26. #14
  27. No Profile Picture
    Contributing User
    Devshed Novice (500 - 999 posts)

    Join Date
    Oct 2009
    Location
    Nebraska, USA
    Posts
    862
    Rep Power
    275
    if you don't give it to paulh1983, you could give it to me, altho, I would end up choosing (A) from Winters' list of options if you gave it to me
  28. #15
  29. A Change of Season
    Devshed Frequenter (2500 - 2999 posts)

    Join Date
    Mar 2004
    Location
    Next Door
    Posts
    2,650
    Rep Power
    171
    Hire someone to teach php skills?

    I tried but what I usually find is one of these:

    1 - Either they do not know the concepts
    2 - Or they do know the concepts but they are not teachers

    It is very hard to find a good php teacher. If you are one let me know how you work.
Page 1 of 2 12 Last
  • Jump to page:

IMN logo majestic logo threadwatch logo seochat tools logo