Where should I invest $120,000?

[JS80]

I haven't seen the Chinese buying any precious metal in the last 5 years any where on Earth, but in the last 5 years (especially in the last 2 years) they have been investing heavily in non precious minerals in Canada, Australia, Africa, and South America. Recently China have increased their energy/mineral investment in Canada over 200% for the year of 2009 compare to their 2007 investment in Canada (same goes for Australia). And, China investment in Africa has increased over 2000% for non precious mineral in Africa. There is also a hint that China investment in Indian mineral may decrease over the next 5~10 years.

A bout 1/3 of my investment ideas come from reading miningnews.com

Like I have said above, where did you get your information, and please provide link/s.

I don't parrot what others say. This is purely my theory. I don't have the link, but recently the Chinese have raised their concerns on US deficits and outstanding debt, and hinted their desire to diversify.

IMO they will not be selling what they have, but I think they will stop buying new. What are their choices to park the dollars they love to hoard? If they don't like the dollar, they won't like other fiat. So the only choices are precious metals and other commodities.

But going back to your point on investing in copper and zinc, etc, how are you doing this? Are you going to home depot and hoarding copper piping? Or are you buying mining stocks?

 

[iGas]

I don't parrot what others say. This is purely my theory. I don't have the link, but recently the Chinese have raised their concerns on US deficits and outstanding debt, and hinted their desire to diversify.

IMO they will not be selling what they have, but I think they will stop buying new. What are their choices to park the dollars they love to hoard? If they don't like the dollar, they won't like other fiat. So the only choices are precious metals and other commodities.

But going back to your point on investing in copper and zinc, etc, how are you doing this? Are you going to home depot and hoarding copper piping? Or are you buying mining stocks?

I have read theories/assumptions that the Chinese going to dump the USD for gold, trade using yuan/ruble/euro for the last 5~6 years and it haven't materialized.

I'm bought mining stocks, and everyone of them is doing great. For an example TCK.B have made me a boat load of monies in the last 12~13 months, thanks to my research/reading from various sources.

IMHO, your crack theory doesn't worth its salt if you don't have data to back it up.

 

[JMapleton]

I studied Econ in college you don't have to lecture me your misunderstanding of currency.

Here let me educate YOU. Do you think in 2000 years when we are driving around in flying cars and using galactic credits, that humans will care about some shiny metal?

What if it happens 1000 years from now? 500 years? 200 years?

So yes, it's possible that silver will never reach $50.

But if it does I hope it's this year. And if it does I'll throw you all a great party.

If you studied econ in college, which most students do, you would have at least tried to refute my comment instead posting such a silly response.

I will tell you without a doubt one day humans will no longer need precious metals for the purposes of currencies. But that day is far off, in my opinion at least 300 years away. Since none of us will live that long, most likely, currency is relevant to us.

Only when markets and the last shred of capitalism is vanishes will precious metals become worthless.

 

[shortylickens]

This is what a Certified Personal Accountant is for, not Anandtech.

Yeah seriously, if our advice was any good, we wouldn't give it away for free.
Go find a fucking financial counselor.

Also, if you have absolutely no idea what else to do, consider a C.D. Better interest than a savings account, and it cant lose money. Also, it keeps you from touching it for a year so maybe then you can figure out what to do with it for real.

 

[Locut0s]

Gold

 

[totalnoob]

Silver FTW.

 

[onza]

This is what a Certified Personal Accountant is for, not Anandtech.

I usually go to a certified public accountants. Wonder what a personal accountant is.. lol!

 

[JS80]

I have read theories/assumptions that the Chinese going to dump the USD for gold, trade using yuan/ruble/euro for the last 5~6 years and it haven't materialized.

I'm bought mining stocks, and everyone of them is doing great. For an example TCK.B have made me a boat load of monies in the last 12~13 months, thanks to my research/reading from various sources.

IMHO, your crack theory doesn't worth its salt if you don't have data to back it up.

Crack theory? You need to work on your reading comprehension skills. I said:

IMO they will not be selling what they have, but I think they will stop buying new.

 

[Nik]

I usually go to a certified public accountants. Wonder what a personal accountant is.. lol!

I have a CPA. He's been a "tax man" for ages, doesn't accept any new business, is not public. He is a certified personal accountant

 

[BurnItDwn]

my pants.

Wow, have oil prices gone up that much, so that it costs 120K for diesel jeans?

 

[Quasmo]

ford

 

[Sea Moose]

sEA mOOSE eNTERPRiseS

 

[SleepWhere]

blow n hookers

 

[Red Squirrel]

Buy an old crappy house with it (cash) use some of the extra funds to put enough renovations into it to practically double it's value, sell it. Win!

That's lot of work though, but if someone had that much cash on hand then I assume they don't have to work, so there's plenty of time to work on the house.

 

[JS80]

I have read theories/assumptions that the Chinese going to dump the USD for gold, trade using yuan/ruble/euro for the last 5~6 years and it haven't materialized.

I'm bought mining stocks, and everyone of them is doing great. For an example TCK.B have made me a boat load of monies in the last 12~13 months, thanks to my research/reading from various sources.

IMHO, your crack theory doesn't worth its salt if you don't have data to back it up.

China trims holdings of US Treasurys
http://finance.yahoo.com/news/China...5.html?x=0&sec=topStories&pos=7&asset=&ccode=

 

[halik]

How old are you?

Right now my best bet would be to buy into a TIC with a multifamily property, especially something they wasn't levered too much. You can also do a 1031 exchange to defer capital gains on the property.

Alternatively, just build a well diversified portfolio with a bit of inflation protection and international exposure.


***This is not an investment advice; consider your own situation and consult an investment professional before taking any action.

 

[IceBergSLiM]

open a bed n breakfast / bar on a nice beach in the Caribbean and semi-retire.

 

[M0oG0oGaiPan]

sʇǝʞɔıʇ ɟɟo ɥɔʇɐɹɔs

 

[cschleyer]

Change your name to Preston Waters, like from the movie Blank Check. Get the money in all $20's or $100's and then just throw it up in the air all over your bed while you scream "I'm rich!" After that, I would recommend that you manage to purchase a house, a water slide, a limo driver, and change your name to Mr. Macintosh. Nobody will catch on. Good luck.

 

[Suspicious-Teach8788]

I have a high yielding savings account. You can put it there.

high yield like 1.5%?

 

[JMapleton]

high yield like 1.5%?

What a foolish move. Inflation increases by 2-3% per year and the cost of living for the last 5 years has risen close to 5% yearly. You're losing purchasing power every year.

 

[AstroManLuca]

Come on guys it has to be hookers and blow.

This and only this.

 

[Special K]

What a foolish move. Inflation increases by 2-3% per year and the cost of living for the last 5 years has risen close to 5% yearly. You're losing purchasing power every year.

Anything with a higher yield is going to entail risk. Depending on the purpose of the money, risk may be unacceptable.

Also I'm pretty sure we've experienced deflation or very low inflation since the recession really took hold in late 2008.

 

[Anonemous]

http://www.megamillions.com/

Make 1000x with your investment!

 

[Special K]

high yield like 1.5%?

It's still better than the 0.00001% you would get at a B&M bank savings account