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07-11-2019, 10:28 AM | #3031 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
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Costco (COST) has quietly had a great year.
In January it started around $200, and is currently at $276. |
Posts: 23,025
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07-11-2019, 01:19 PM | #3032 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I’m done doing that shit! Last edited by lewdog; 07-11-2019 at 01:29 PM.. |
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Posts: 46,068
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07-14-2019, 06:29 AM | #3033 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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Once we have sold our house we will be sitting on a very large sum of money we plan on using for a down payment on our next house. This might happen in a month after we sell it or it could be six months after we sell it. Would you risk investing that for a short time? I hate having that much money just sitting there doing nothing but I also don't want to take the chance of a sudden collapse in the market either and lose a gigantic chunk. I know at one point I had found some index fund or stock or something that had a very small rate of return... like <3% or something like that but only lost like 2% in 2008. It was always going up basically just at a very low rate. I was thinking maybe something like that possibly but still on the fence.
What would you do if you had a huge chunk of change sitting around like that and knew you could need it sometime in the next six months? |
Posts: 10,830
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07-14-2019, 06:44 AM | #3034 | |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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07-14-2019, 08:19 AM | #3035 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,337
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07-14-2019, 08:53 AM | #3036 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Might have to split it into 2 accounts. IIRC the FDIC limit is 150,000. |
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Posts: 57,710
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07-14-2019, 09:01 AM | #3037 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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No penalty CD through ally bank could work. |
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Posts: 46,068
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07-14-2019, 09:37 AM | #3038 |
MVP
Join Date: Dec 2008
Location: Joplin, MO
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Posts: 7,265
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07-14-2019, 09:40 AM | #3039 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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I agree with the others. Put it into a money market or other guaranteed vehicle. To do otherwise is essentially gambling on events you can't control.
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Posts: 142,670
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07-14-2019, 09:42 AM | #3040 | |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
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Posts: 17,387
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07-14-2019, 09:47 AM | #3041 | |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
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Quote:
1 - CD 2- https://fundrise.com/ 3 - Gold The fundrise REIT I'd highly recommend. I'm averaging 7.5% on it so far. I'm a landlord and this is the easiest way to make money in real estate I can think of. |
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Posts: 17,387
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07-14-2019, 09:55 AM | #3042 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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07-14-2019, 10:01 AM | #3043 |
Banned
Join Date: Jan 2013
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Bitcoin will drop to $8Kish. Then you buy.
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Posts: 53,803
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07-14-2019, 10:51 AM | #3044 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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I found a money market account with 2.50% interest. I will look into those.
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Posts: 10,830
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07-14-2019, 02:10 PM | #3045 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,068
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