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This seems like an impossible question without knowing the context. What is your time horizon? Do you have existing debt you could pay off? Other emergency funds available, etc. If you might need it soon, just parking it in a money market or bank account might make sense. If you're sitting flush, a good gun deal is never a bad idea. Sounds like a good dilemma to have! Short term, year or two. Only owe on the house and owe about 20% of current value on it. Financed at 3.125%, 401(k) is in good shape and being left alone. Cars paid for, no credit card debt, etc. This is just some extra cash - It is a nice dilemma but really don't want too much under the mattress - would be nice to outpace inflation at least while keeping it liquid for some market timing. Would love to spend some of it on Reloder 16. Way to go! It sounds like you are pretty much financially bulletproof. In your case, I'd be thinking of spending some of it on a gift or a short vacay with my sweetie! Or with the kids, too if that applied. Make a memory. You've earned it. Congratulations.
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Joined: Aug 2003
Posts: 6,383
Campfire Tracker
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Campfire Tracker
Joined: Aug 2003
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What do they say about politics,religion and money?....
Decades of voting for the lesser of two evils has gotten us just that.....
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Joined: Aug 2010
Posts: 1,554
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Campfire Regular
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Stocks at an all time high, real estate at ridiculous levels, squat for interest at the bank...........Market has a feel that a pull back in coming soon. Begs the question, where to put a couple grand? Lead.
I sure could go for some $2.50/gal gas and a mean tweet!
NRA Benefactor member, disgruntled.
Life member: Firearms Owners Against Crime.
Life member: GOA
Member: RMEF
TRUMP 2020
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Joined: Dec 2013
Posts: 12,932
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If you have a place of business (not your home) put up a sign and buy pre 1965 silver for $15 on the dollar face value. That is more than any pawn shop will pay them and it is worth that even with no collector value. Don't make your home a robbery target.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Jul 2010
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Campfire Member
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Stocks at an all time high, real estate at ridiculous levels, squat for interest at the bank...........Market has a feel that a pull back in coming soon. Begs the question, where to put a couple grand? Lead. +1000
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Joined: Oct 2003
Posts: 3,859
Campfire Tracker
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Campfire Tracker
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About 50% divided between Eth and Btc, the rest in mostly big cap alt coins and some small cap hopefuls.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
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About 50% divided between Eth and Btc, the rest in mostly big cap alt coins and some small cap hopefuls. Thanks xxclaro. You’ve covered the spectrum it appears.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Sep 2017
Posts: 2,795
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I know this southern stock broker, Rene something. His daily turnover is probably over 2K. He might franchise his operation for a ride at the Golden Corral.
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Joined: Feb 2010
Posts: 3,839
Campfire Tracker
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Campfire Tracker
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Bitcoin is a good one.
Another choice would be to leverage it with a low interest loan and then invest in something like real estate.
If you really like risk then short the US dollar but given the rest of world is in as big or bigger of a mess than we are it probably wouldn't turn out well.
Quando omni flunkus moritati
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Joined: Jun 2020
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Campfire Regular
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Heavy metals, namely copper and lead. 100-200 gr at a time.
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Joined: Dec 2013
Posts: 12,932
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 12,932 |
Bitcoin is a good one.
Another choice would be to leverage it with a low interest loan and then invest in something like real estate.
If you really like risk then short the US dollar but given the rest of world is in as big or bigger of a mess than we are it probably wouldn't turn out well.
You can bet we are in for some rough sledding. The government has so much technology now to track transactions. You can look for crypto and metal to have some huge penalties. They CANNOT allow alternative money. Remember 1933 when they outlawed gold.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Joined: Jun 2020
Posts: 10,840
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Campfire Outfitter
Joined: Jun 2020
Posts: 10,840 |
Location ? Cave City ? Or Elizabethtown?
FUGK CCP
It’s time to WAKE UP
GOD BLESS THE USA
WWG1WGA
THERE ARE NO COINCIDENCES
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Joined: May 2003
Posts: 22,983
Campfire Ranger
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Campfire Ranger
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Centershot: Guns, ammo and optics.
Hold into the wind
VarmintGuy
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I’m saving and will buy when the crash comes.
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Joined: Jan 2009
Posts: 11,512
Campfire Outfitter
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Campfire Outfitter
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Stocks at an all time high, real estate at ridiculous levels, squat for interest at the bank...........Market has a feel that a pull back in coming soon. Begs the question, where to put a couple grand? The specific answer to your specific question, Do nothing with that couple grand other than in a money market or under the mattress, Anything that's extremely liquid, When the drop comes, then you buy..... Don't buy before the drop Don't tie up the capital before the drop.
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Joined: Feb 2007
Posts: 11,746
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I wonder what percentage of the “market timers” get it right.
NRA Patron
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Campfire Regular
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The drop means nothing. Invest now! Look at almost any stock or ETF and the drop will add up to cents.
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Joined: Aug 2005
Posts: 10,679
Campfire Outfitter
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OP
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Joined: Aug 2005
Posts: 10,679 |
Stocks at an all time high, real estate at ridiculous levels, squat for interest at the bank...........Market has a feel that a pull back in coming soon. Begs the question, where to put a couple grand? Define "soon" Want the winning powerball numbers also? Just my own gut feeling that we are in for a correction 'soon'. Maybe when people realize that the stimulus payments have stopped and the price of everything has increased. My guess is within a year. I do have some in Fidelity: FDVLX, FZROX and FSAGX. They have been doing well but 'if/when" my gut correction happens I don't think those will hold up well. This is kind of investing as a hobby money - not big bucks but growing.
Last edited by centershot; 04/13/21.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Campfire Ranger
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Campfire Ranger
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I’m saving and will buy when the crash comes. That was last spring.
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Posts: 45,011
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,011 |
Seriously thinking about Hot Sauce and Soothing Suppositories.
Think their is money to be made investing in both.
Seems like they might be interlinked products after reading the hot sauce thread....
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