Best wayt to invest $20K+?

[Vette73]

WAFFLES!!!!

 

[darkxshade]

put it all down on black at the casino roulette table

 

[IceBergSLiM]

by gold or silver

 

[PepePeru]

soy futures

 

[SpunkyJones]

Originally posted by: Marlin1975
WAFFLES!!!!

I'm having trouble seeing a flaw in this plan. :thumbsup:

 

[HardcoreRobot]

i would put that in a high yield online savings account as my rainy day fund
beyond that, maybe index funds

 

[Farang]

Where do you work, what do you do and how can I get a job there?

 

[acid45]

Hookers and blow, best 20k i ever ''invested''

 

[randomlinh]

Originally posted by: Epic Fail

Originally posted by: mpitts
Buy 23,001 Big Macs and put Don Gorske in his place!

Then the OP will need to save for a triple bypass and a life time supply of Lipitor.

no one said he had to eat it all

 

[geno]

Best wayt to invest $20K+?

HOW ABOUT TYPING LESSONS? LOL, GO ME.

 

[BudAshes]

Buy lots of stupid shit you don't need and then ask the government to bail you out when you get laid off and didn't save a penny.

 

[Queasy]

That's a tough one. Using the Office Space formula, $1 mil will get you two chicks at the same time. $20k will only get .02 chicks.

 

[IceBergSLiM]

Originally posted by: Queasy
That's a tough one. Using the Office Space formula, $1 mil will get you two chicks at the same time. $20k will only get .02 chicks.

rent a mansion for the month. Tell new chicks you own it and are wealthy. 3 somes all month long.

 

[Muse]

Originally posted by: Argo

Originally posted by: Lothar
You have 2 options...
Buy 22,700 shares of Freddie Mac or buy 20,400 shares of Fannie Mae.

With government running both - it's a risky move. For several reasons:

1) Government's priority will not be on increasing revenue, so both stocks may be flat for quite some time
2) Neither company may ever pay dividents again
3) There's no indication that either company will move into private hands again

On the news the other day when the gov't buyout was announced they stated baldly that shareholders will not get a dime until the taxpayers are fully paid off. If that's true (I have no reason to doubt it), buying shares of those right now doesn't seem smart.

Originally posted by: IcebergSlim

Originally posted by: Queasy
That's a tough one. Using the Office Space formula, $1 mil will get you two chicks at the same time. $20k will only get .02 chicks.

rent a mansion for the month. Tell new chicks you own it and are wealthy. 3 somes all month long.

I like IcebergSlim's idea. :laugh:

 

[PepePeru]

Originally posted by: BudAshes
Buy lots of stupid shit you don't need and then ask the government to bail you out when you get laid off and didn't save a penny.

works for any number of large corporations...

 

[JDub02]

Originally posted by: G Wizard

Originally posted by: BudAshes
Buy lots of stupid shit you don't need and then ask the government to bail you out when you get laid off and didn't save a penny.

works for any number of large corporations...

And if you give yourself the title of CEO, the government will give you lots of money as a "severance" for your failure.

 

[nonameo]

Make a porn video.

 

[Dr. Detroit]

Originally posted by: FFactory0x

Originally posted by: Fmr12B
Max your 401K plan $15,500 for 2008

Set up a sharebuilder account and invest in ETF's

Set up a MMF and ensure you have 6-months of living expenses on hand in case you lose your job.

My 401K is almost maxed for 2008.

Whats an MMF?

Money Market Fund - earns a tad higher interest rate than a regular savings account but is highly liquid. All CU's & Banks offer these. Should be able to earn 2.5 - 3%.

 

[IHateMyJob2004]

Buy WFC, USB and JNJ stock! That is actually a serious answer.

Your best bet (not knowing better) is to buy an index fund.

 

[IHateMyJob2004]

Originally posted by: Lothar
You have 2 options...
Buy 22,700 shares of Freddie Mac or buy 20,400 shares of Fannie Mae.

And loose it all. Lothar, you are a bright investor. But FRE and FNM are to be avoided. You should really leave those entities to the amateurs.

"An investment operation is one which upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative."
Security Analysis 1934

 

[IHateMyJob2004]

Originally posted by: Bignate603
Diversify. Don't dump it into just one thing. If you want to play it safe there are always bonds and CDs.

Diversity is the safety net for hte investor that doesn't know what they are doing. Typically a sign that they should not be buying individual stocks.

Case in point, I'd more than happily dump everything into BRK

 

[lightstar]

don't waste your time or money on the stock market. . . .buy a house or some land

 

[imported_Lothar]

Originally posted by: IHateMyJob2004

Originally posted by: Lothar
You have 2 options...
Buy 22,700 shares of Freddie Mac or buy 20,400 shares of Fannie Mae.

And loose it all. Lothar, you are a bright investor. But FRE and FNM are to be avoided. You should really leave those entities to the amateurs.

"An investment operation is one which upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative."
Security Analysis 1934

Ummm...I was being sarcastic when I suggested that.
Obviously people here take me too serious based on the number of times my statement has been quoted in this thread, so I won't try that again.

 

[JS80]

Go all in on LEH

 

[imported_Lothar]

Originally posted by: JS80
Go all in on LEH

I'll assume that you're being sarcastic like I was.