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post #1 of 20 (permalink) Old 02-24-2009, 06:47 PM Thread Starter
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More advice, financial wizards pay heed

So, if you had a generous sum drop into your lap, wanted to get the best return you could over, say, a 5 year period, what sector of our economy would you invest it into? (FTL enterprises need not apply). Or, would you take maybe 70% of it and pay the 4.875% mortgage off and invest the rest? My mattress might be another option.

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post #2 of 20 (permalink) Old 02-24-2009, 06:55 PM
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Originally Posted by edfreeman View Post
So, if you had a generous sum drop into your lap, wanted to get the best return you could over, say, a 5 year period, what sector of our economy would you invest it into? (FTL enterprises need not apply). Or, would you take maybe 70% of it and pay the 4.875% mortgage off and invest the rest? My mattress might be another option.
In this order:

1. Tobacco
2. Alcohol
3. Energy
4. Mattress

Who's John Galt.

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post #3 of 20 (permalink) Old 02-24-2009, 06:57 PM
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Seriously, I'd start my own business. I'm pretty close to buying one a friend owns. It's a good time to bargain hunt, and the returns will almost certainly be higher than passive investments like CD's. Plus when you run the joint, you have some CONTROL - unlike publicly traded commodities.
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post #4 of 20 (permalink) Old 02-24-2009, 07:00 PM
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Used election pamplets, Waste Oil, Day Old Bread and of course empty pop bottles.
post #5 of 20 (permalink) Old 02-24-2009, 07:05 PM
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The true proven investment throughout history is, should you not be a great patent holder, look for one. He makes the widgets or provides the services, you administer and both more than prosper. E.g. Yale and Towne, Gates and Allen...


P.S. The box spring would be safer, handier and roomier than the mattress.

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post #6 of 20 (permalink) Old 02-24-2009, 07:33 PM Thread Starter
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Thanks, thus far. I have no time to run a business, as the day job consumes too much time and provides adequate rewards. Energy is a good sector, and I thought of health care, since BO is likely to open up the never ending bucket of my children's money there soon. Exceeding a 4.875% stable risk free return is the pickle.

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post #7 of 20 (permalink) Old 02-24-2009, 08:03 PM Thread Starter
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Forgot to mention, there are also two houses, no mortgages, involved, over and above the cash. Ride them to better times or dump at current, depressed market?

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post #8 of 20 (permalink) Old 02-24-2009, 08:07 PM
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Gold or land.

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post #9 of 20 (permalink) Old 02-24-2009, 08:10 PM
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Thanks, thus far. I have no time to run a business, as the day job consumes too much time and provides adequate rewards. Energy is a good sector, and I thought of health care, since BO is likely to open up the never ending bucket of my children's money there soon. Exceeding a 4.875% stable risk free return is the pickle.
I wouldn't hurry a decision since the current low rates could be fleeting but what do I know ?

Now with CONSUMER CONFIDENCE CRATER'ing thanks partly to our president, all bets are off.
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post #10 of 20 (permalink) Old 02-24-2009, 08:19 PM
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Forgot to mention, there are also two houses, no mortgages, involved, over and above the cash. Ride them to better times or dump at current, depressed market?
- rent them out, keep the income.

As of 4.875% mortgage, it is not really 4.875%. First, your mortgage is tax-deductible. Add inflation to the equation and your mortgage is at 3% or less. As long as you have wages from the job, you need something to offset taxes. So far we have mortgage..and kids. Pay off the mortgage if you are ready to retire, otherwise keep it.

Some people have all the luck Enjoy it.
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