I have $15,000.. what should I buy?

  • 132 results
  • 1
  • 2
  • 3

This topic is locked from further discussion.

Avatar image for pvtdonut54
pvtdonut54

8554

Forum Posts

0

Wiki Points

0

Followers

Reviews: 9

User Lists: 0

#101 pvtdonut54
Member since 2008 • 8554 Posts

happiness

Avatar image for Dub_c6969
Dub_c6969

6014

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#102 Dub_c6969
Member since 2004 • 6014 Posts

Any non-necessary liquidity ought to be put in certificates of deposit, which are backed by the FDIC. I strongly advise that you don't invest in the stock market unless you have over $100,000 in liquid assets.mutenpika
I disagree with that. CD's only give you like 1-2% of your money and the inflation rate is way higher than that which means you would actually be losing money via buying power. Why the $100,000 for stocks? I have about $5000 in stocks and its doing fairly good only because im buying stocks at depressed values and im trying to practice investing. If you wait until you have $100,000 in liquid assets to invest I would think there would be more risk because you waited so long to invest instead of starting small and learning from your mistakes. Warren Buffett said he could do better in a market with $1,000,000 than with the billions he already has, think about that.

Avatar image for swamprat_basic
swamprat_basic

9145

Forum Posts

0

Wiki Points

0

Followers

Reviews: 14

User Lists: 0

#103 swamprat_basic
Member since 2002 • 9145 Posts

Down payment on a duplex. Live in one side, rent out the other. Use the rental monies to pay off the mortgage.

Avatar image for drufeous
drufeous

2535

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#104 drufeous
Member since 2004 • 2535 Posts

Travel.

Avatar image for aceofspades076
aceofspades076

179

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#105 aceofspades076
Member since 2008 • 179 Posts

Go out and buy a snowmobile.

Avatar image for McJugga
McJugga

9453

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#106 McJugga
Member since 2007 • 9453 Posts
Multiply what you have by 4000 and buy some speakers.
Avatar image for khariss
khariss

370

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#107 khariss
Member since 2005 • 370 Posts
invest in the Mexican cartels they will probably run Mexico soon so good investment ;)
Avatar image for Moroes
Moroes

2041

Forum Posts

0

Wiki Points

0

Followers

Reviews: 6

User Lists: 0

#108 Moroes
Member since 2008 • 2041 Posts
Bet it all in the Chinese Illegal Underground ping-pong circuit.
Avatar image for Teenaged
Teenaged

31764

Forum Posts

0

Wiki Points

0

Followers

Reviews: 3

User Lists: 0

#109 Teenaged
Member since 2007 • 31764 Posts

You should buy me a PS3, a new awesome PC, a laptop, and.... you can keep the rest. :D :P

I honestly don't know...

Avatar image for harashawn
harashawn

27620

Forum Posts

0

Wiki Points

0

Followers

Reviews: 6

User Lists: 0

#110 harashawn
Member since 2008 • 27620 Posts
Buy my daughter.
Avatar image for sinlesswolf
sinlesswolf

1382

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#111 sinlesswolf
Member since 2006 • 1382 Posts

Travel.

drufeous

This and a pack of chewing gum.:|

Avatar image for Naruto
Naruto

8673

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#112 Naruto
Member since 2002 • 8673 Posts
slap your girlfriend across the face with a hundred dollar billlonewolf604
haha lol
Avatar image for pianist
pianist

18900

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#113 pianist
Member since 2003 • 18900 Posts

[QUOTE="pianist"]

Gotta go with the guys suggesting investing. Maybe not right this moment... but this may well turn out to be a once in a lifetime opportunity to turn that 15 grand into much, much more. There's something you need to keep in mind - if you don't know what to spend money on, you shouldn't spend it. Spending for no good reason is a great way to ruin your debt free existence, and whatever you buy isn't going to provide you much fulfillment, since you didn't really want it to begin with. So keep saving. Sounds like you're doing well at being different (in the good way) from the majority of young people out there.

foxhound_fox


Considering market history, after these sharp downturns, the upwards spikes average in the 200-300% range. That $15K could turn into $30-45K in a couple years. Aside from buying property, the best thing to do with money is to invest it, especially when you are young. The more you invest and the earlier, the earlier you get to retire.

And that's assuming you don't do any better than the market average.

Avatar image for Samurai_Xavier
Samurai_Xavier

4364

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#114 Samurai_Xavier
Member since 2003 • 4364 Posts

Just save it. If there's nothing in particular you need now, later on you might need it for something truly important.

Avatar image for reo-117
reo-117

478

Forum Posts

0

Wiki Points

0

Followers

Reviews: 17

User Lists: 0

#115 reo-117
Member since 2007 • 478 Posts

bribe another girl to be your girlfriend to make your old one jelous.

Avatar image for Sonir77
Sonir77

1846

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#116 Sonir77
Member since 2006 • 1846 Posts

Just keep on saving

Avatar image for Amnesiac23
Amnesiac23

8470

Forum Posts

0

Wiki Points

0

Followers

Reviews: 57

User Lists: 2

#117 Amnesiac23
Member since 2006 • 8470 Posts
SAVE IT!!! My boyfriends brother gets $10,000 every year because he got attacked by a dog when he was about 4 or 5. What did he do with the money the year he turned 18? He spent it and now he has nothing and has to have his parents help him out. Personally I could use that kind of money to help save my moms house, but I don't have that kind of money. So, be thankful.
Avatar image for Nifty_Shark
Nifty_Shark

13137

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#118 Nifty_Shark
Member since 2007 • 13137 Posts

SAVE IT!!! My boyfriends brother gets $10,000 every year because he got attacked by a dog when he was about 4 or 5. What did he do with the money the year he turned 18? He spent it and now he has nothing and has to have his parents help him out. Personally I could use that kind of money to help save my moms house, but I don't have that kind of money. So, be thankful.Amnesiac23

:lol: 120 thousand gone in a short time? That man is worse than a girl on a shopping spree.

Avatar image for vidplayer8
vidplayer8

18549

Forum Posts

0

Wiki Points

0

Followers

Reviews: 4

User Lists: 0

#119 vidplayer8
Member since 2006 • 18549 Posts

Save at least half if you can. Just in case.

Other than that, it really depends on what you enjoy. A vacation sounds good.

Avatar image for VoodooGamer
VoodooGamer

1864

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#120 VoodooGamer
Member since 2007 • 1864 Posts

How about you put that $15,000 away for when you might really need it? Or perhaps you should give some of it away. . .

Avatar image for Amnesiac23
Amnesiac23

8470

Forum Posts

0

Wiki Points

0

Followers

Reviews: 57

User Lists: 2

#121 Amnesiac23
Member since 2006 • 8470 Posts

[QUOTE="Amnesiac23"]SAVE IT!!! My boyfriends brother gets $10,000 every year because he got attacked by a dog when he was about 4 or 5. What did he do with the money the year he turned 18? He spent it and now he has nothing and has to have his parents help him out. Personally I could use that kind of money to help save my moms house, but I don't have that kind of money. So, be thankful.Nifty_Shark

:lol: 120 thousand gone in a short time? That man is worse than a girl on a shopping spree.

lol yeah. He only had that money for about 2 months
Avatar image for korino55
korino55

587

Forum Posts

0

Wiki Points

0

Followers

Reviews: 7

User Lists: 0

#122 korino55
Member since 2008 • 587 Posts

Do something you wouldn't normally do (go north instead of south, for example). Make it something you love that's a wee bit out of your comfort zone. I'd personally go SPEED or helli skiing in Alaska: something I love that's slightly unusual. What's left of that (if much): put half under your mattress thenshop till ya drop and buy something cool you'd use (like a really comfy mattress to store any of the remaining money under).

Avatar image for MrGeezer
MrGeezer

59765

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#123 MrGeezer
Member since 2002 • 59765 Posts

Okay, I save my money pretty well, been saving for 2 years. I got a really good job, my truck is paid off all the way, and I have absolutely no debt. My family wasn't rich at all, I worked for everything I got and didn't get any handouts or silver spoons. I got my own apartment and have a nice samsung 1080p 46' lcd tv and ps3, wii, xbox360, so don't need any of those. My girlfriend and I broke up last week, went out for almost 3 years. So I'm pretty much free to do whatever.. I need to get out and live a little, I need to change my routine... so I need some ideas of something fun to do or stuff to buy. I got 2 weeks vacation coming in august.. I was thinking of a cruise maybe.. thoughts?

Kasceis18

Invest in a hobby or something. I mean, for example, do you like photography? I don't recommend spending ALL of the $15,000 on ANYTHING. Continue to save most of it. But $5000 can be a pretty good start to photography. That'll get you a good camera (Canon 40D and 50D are pretty awesome for the amateur), a couple of nice lenses (a good wide angle lens and a good telephoto lens), a crapload of software, a good quality tripod, and a pretty badass printer.

But yeah, in any case, I still recommend saving most of the money. But if you've got $15,000 in the bank, you ought to easily be able to justify spending $5000 or so. Photography would be a really good candidate for that, if that's the type of thing that appeals to you. It's fun, easy to get into, and $5000 ought to be way more than enough to satisfy almost all amateurs.

Avatar image for gago-gago
gago-gago

12138

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#124 gago-gago
Member since 2009 • 12138 Posts

Whatever you do don't put it in the bank, put it in your personal safe at home.

Avatar image for REA24409
REA24409

863

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#125 REA24409
Member since 2007 • 863 Posts

If the stock market was good I would say invest, but it's not. If I were you I would buy a 15,000 dollar prostitute or two 7,500 dollar prostitutes. Now that is a good use of 15,000;)

Avatar image for MrGeezer
MrGeezer

59765

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#126 MrGeezer
Member since 2002 • 59765 Posts

Whatever you do don't put it in the bank, put it in your personal safe at home.

gago-gago

Is that supposed to be a joke?

Avatar image for JustPlainLucas
JustPlainLucas

80441

Forum Posts

0

Wiki Points

0

Followers

Reviews: 226

User Lists: 0

#127 JustPlainLucas
Member since 2002 • 80441 Posts
Don't spend it! Invest it, or just keep in your savings. Sounds like you've been doing ok. Keep that money in case something comes along, because if you lose your job or something, you could be in a world of hurt. You can spend some of it if you want, but don't blow the whole thing!
Avatar image for OODALOOP
OODALOOP

36350

Forum Posts

0

Wiki Points

0

Followers

Reviews: 4

User Lists: 0

#128 OODALOOP
Member since 2004 • 36350 Posts
Sexual reassignment surgery.
Avatar image for pianist
pianist

18900

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#129 pianist
Member since 2003 • 18900 Posts

If the stock market was good I would say invest, but it's not.

REA24409

And that's why it's a good time to invest. Most people don't do exceptionally well in the markets. So if you do what most other people do, you'll probably do no better than average. It's by making intelligent, contrarian decisions that you make money. So when everybody is panicking to sell, you're looking to buy. And when everybody thinks the market's great and that it'll keep going up forever, you sell. Don't get sucked into the idea that the markets being down is a bad thing. If you're heavily invested, it is. If you're sitting on cash, then this is just about the best thing that could happen... assuming that the country doesn't utterly collapse.

Of course, you can't buy just anything and expect great returns just because the markets are down. We're still getting mixed messages as to whether the slide has ended or not. So I wouldn't be in a hurry to buy. I'd just be watching with great curiosity to see what happens in the next several months.

Avatar image for CleanPlayer
CleanPlayer

9822

Forum Posts

0

Wiki Points

0

Followers

Reviews: 31

User Lists: 0

#130 CleanPlayer
Member since 2008 • 9822 Posts
Invest in the stock market. It's not like where in an economic crisis or anything....
Avatar image for tim22000
tim22000

530

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#131 tim22000
Member since 2008 • 530 Posts

have a money bath.

Avatar image for bigfatcrap
bigfatcrap

1919

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#132 bigfatcrap
Member since 2006 • 1919 Posts

Sexual reassignment surgery.bt_the_great_78

If you had more money I'd suggest you keep switching back and forth.

Avatar image for synyster-666
synyster-666

4148

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#133 synyster-666
Member since 2008 • 4148 Posts

You could buy these, err... priceless pencil sharpenings off me. Cash only. :)