happiness
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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.mutenpikaI 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.
Down payment on a duplex. Live in one side, rent out the other. Use the rental monies to pay off the mortgage.
[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
And that's assuming you don't do any better than the market average.
Just save it. If there's nothing in particular you need now, later on you might need it for something truly important.
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.
Save at least half if you can. Just in case.
Other than that, it really depends on what you enjoy. A vacation sounds good.
How about you put that $15,000 away for when you might really need it? Or perhaps you should give some of it away. . .
[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 monthsDo 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).
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.
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.
Sexual reassignment surgery.bt_the_great_78
If you had more money I'd suggest you keep switching back and forth.
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