U Got 200k? What to do?

[GoodTiMes]

Lets say your in your early 20's and in the last 5 months you've made about 200k in poker. What is a smart way to invest the money?

[jakethebake]

Put it all on black.

[swede123]

Sucker! Everyone knows it's red. Indians > African Americans.

Swede

[Shajen]

First:pay off all debt.
Second:Tijuana, Mexico.
Third:two chicks at the same time (some of you may need more money for this)

[hoopsie44]

[ QUOTE ]
Lets say your in your early 20's and in the last 5 months you've made about 200k in poker. What is a smart way to invest the money?

[/ QUOTE ]

Need more info. What's your risk tolerance ? What's your investment time horizon? Will you need any of this money in the near future? A diversified prtfolio of equity mutual funds is what I would advise but only if you have at least a 3 to 5 year time horizon.

[jakethebake]

[ QUOTE ]
First:pay off all debt.
Second:Tijuana, Mexico.
Third:two chicks at the same time (some of you may need more money for this)

[/ QUOTE ]

This is a good plan. However, if you go to TJ, avoid this place.

http://www.tijuanazonanorte.com/PhotosRevo_files/Bambi.jpg

[jcmack13]

[ QUOTE ]

Third:two chicks at the same time (some of you may need more money for this)

[/ QUOTE ]

about five times as much...

http://www.abusado.fotogold.com.br/f/a/b/e/abusado/1100892856.jpg

[Shajen]

[censored] TJ man. Good times, good times.

Revolution Blvd, or street or whatever it was.

Fun place. Loved me some senioritas.

/images/graemlins/grin.gif

You went to the Phillipines right? Ever see the ping pong ball show? You ate the bananna didn't you Jake?

You dirty dirty jarhead you /images/graemlins/grin.gif

[jakethebake]

[ QUOTE ]
You went to the Phillipines right? Ever see the ping pong ball show? You ate the bananna didn't you Jake?

[/ QUOTE ]

Went to the PI, but never saw the inside of a bar there. Saw the ping pong ball show in Thailand. Saw the snake show at Sin Allet on Oki. No comment on the banana.

[Shajen]

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No comment on the banana.

[/ QUOTE ]

You ARE a dirty old man. I knew it.

/images/graemlins/grin.gif

[Alobar]

[ QUOTE ]
First:pay off all debt.
Second:Tijuana, Mexico.
Third:two chicks at the same time (some of you may need more money for this)

[/ QUOTE ]

you get 200K and your first stop is a crappy bordertown? TJ is where id go if I had like $200, not $200K.

[tdarko]

[ QUOTE ]
Third:two chicks at the same time (some of you may need more money for this)

[/ QUOTE ]
you need a million dollars for this, but i like the effort man.

[jakethebake]

[ QUOTE ]
[ QUOTE ]
Third:two chicks at the same time (some of you may need more money for this)

[/ QUOTE ]
you need a million dollars for this, but i like the effort man.

[/ QUOTE ]

That's just for the kind of chicks that would double down on a dude like you.

[lucas9000]

[ QUOTE ]
First:pay off all debt.

[/ QUOTE ]

unless it's low interest debt like student loans, in which case your money could be making higher interest for you than the interest you're paying on the loans.

[tdarko]

[censored]' A man.

[Prelude008]

[ QUOTE ]
Sucker! Everyone knows it's red. Indians > African Americans.

Swede

[/ QUOTE ]

Am I the only one that finds this offensive?

[Patrick del Poker Grande]

[ QUOTE ]
[ QUOTE ]
Sucker! Everyone knows it's red. Indians > African Americans.

Swede

[/ QUOTE ]

Am I the only one that finds this offensive?

[/ QUOTE ]
Yes. OOTiots generally have at least some semblance of a sense of humor. I'm not saying it's funny per se, but just chill out a bit.

[SmileyEH]

[ QUOTE ]
[ QUOTE ]
Sucker! Everyone knows it's red. Indians > African Americans.

Swede

[/ QUOTE ]

Am I the only one that finds this offensive?

[/ QUOTE ]

I don't think it's funny or offensive. Pretty meh.

-SmileyEH

[jakethebake]

[ QUOTE ]
[ QUOTE ]
Sucker! Everyone knows it's red. Indians > African Americans.

Swede

[/ QUOTE ]

Am I the only one that finds this offensive?

[/ QUOTE ]

Yes.

[spamuell]

[ QUOTE ]
[ QUOTE ]
Sucker! Everyone knows it's red. Indians > African Americans.

Swede

[/ QUOTE ]

Am I the only one that finds this offensive?

[/ QUOTE ]

Even I don't find this offensive, and I'm one of the most pinko-commie traitors you will find.

[Maulik]

You learn how to count cards and bet $1g/ hand.

[Shajen]

[ QUOTE ]
you get 200K and your first stop is a crappy bordertown? TJ is where id go if I had like $200, not $200K.

[/ QUOTE ]


It was a jopke.

Me with $200k cash:

1) Home paid off. (Would leave around $15k)
2) Nice down payment on a new car for the wife.

Then I'd take the rest and by myself a piece of gum.

[jedi]

Buy a house.

[Wintermute]

I'm with you man, this kind of bigotry is uncalled for... it should read:

Injuns < African Americans

[balkii]

</font><blockquote><font class="small">In risposta di:</font><hr />
Buy a house.

[/ QUOTE ]

the correct answer.

[jakethebake]

I would invest half of it in glorious mutual funds and take the other half over to my friend Asadulah who works in securities and....

[MrWookie47]

[ QUOTE ]
[ QUOTE ]
Buy a house.

[/ QUOTE ]

the correct answer.

[/ QUOTE ]

Yeah, definitely. Mutual funds are great and all, but a house is an investment you get to use while it gains in value.

[chaas4747]

[ QUOTE ]
glorious mutual funds

[/ QUOTE ]

I always thought he said Janus.

[B Dids]

Obviously it's playing Neverwin HU. Duh.

[tpir90036]

1) http://www.ingdirect.com - start up an on-line savings account with a small portion of it that you would like to have access to. they have really good rates.

2) http://www.fidelity.com - go start up a ROTH IRA and max that thing out.

3) buy a house and live in it.

4) transfer anything left over to tpir90036 on 'stars.

[swede123]

[ QUOTE ]
[ QUOTE ]
Sucker! Everyone knows it's red. Indians &gt; African Americans.

Swede

[/ QUOTE ]

Am I the only one that finds this offensive?

[/ QUOTE ]

Definitely offensive and tasteless. What a jerk!

My updated comparison...

Indians &gt; African Americans &gt; Swede

Swede

[Stuck]

[ QUOTE ]
Obviously it's playing Neverwin HU. Duh.

[/ QUOTE ]

nh

[asofel]

[ QUOTE ]
[ QUOTE ]
glorious mutual funds

[/ QUOTE ]

I always thought he said Janus.

[/ QUOTE ]

stick it in her Janus? a new pooper?

[jakethebake]

[ QUOTE ]
[ QUOTE ]
glorious mutual funds

[/ QUOTE ]

I always thought he said Janus.

[/ QUOTE ]

Might have. I cut and pasted the quote. It sounded right to me either, but I found it two places the same way. Meh.

[Mike Cuneo]

Enron

[Freakin]

[ QUOTE ]


2) http://www.fidelity.com - go start up a ROTH IRA and max that thing out.


[/ QUOTE ]

A) You really think that making 200k (assuming he declared it) would allow him to contribute to a Roth?
B) Even if he was eligible, the max is still capped at $4k/yr.

While a roth ira is a great investment tool, it's not ideal (or allowed) for a person who gets a large chunk of cash like this. I would personally put a chunk in money market accounts, a bunch in mutual funds, buy a house or two, and dump a bunch in a bloated life insurance policy with a company like NW Mutual.



Freakin

[bicyclekick]

[ QUOTE ]
1) http://www.ingdirect.com - start up an on-line savings account with a small portion of it that you would like to have access to. they have really good rates.

2) http://www.fidelity.com - go start up a ROTH IRA and max that thing out.

3) buy a house and live in it.

4) transfer anything left over to tpir90036 on 'stars.

[/ QUOTE ]

You can't contribute a roth if you make that much money.

[Amid Cent]

I'd get two chicks and make them sit on my face and have a ride like the Kentucky Derby...on second thought, they should pay ME.

[jakethebake]

[ QUOTE ]
I'd get two chicks and make them sit on my face and have a ride like the Kentucky Derby...

[/ QUOTE ]

I have no idea what this means.

[captZEEbo1]

I don't like the idea of buying a house. I'd rather wait till I was a little older and possibly be married and have a state you are planning on spending a lot of time etc. Plus, if your winrate is for the long-term, you will not be happy that you blew 200k on a shitty house, when you could've gotten a nice house for 4-500k a year from now.

[Freakin]

[ QUOTE ]
I don't like the idea of buying a house. I'd rather wait till I was a little older and possibly be married and have a state you are planning on spending a lot of time etc. Plus, if your winrate is for the long-term, you will not be happy that you blew 200k on a shitty house, when you could've gotten a nice house for 4-500k a year from now.

[/ QUOTE ]

House's don't depreciate when you drive them off the lot. Um, that was speaking metaphorically; if you removed your house from its lot, I'm sure it would depreciate. The point is that a house is an appreciable asset with other benefits besides growth.

Freakin

[Nottom]

[ QUOTE ]
I'm with you man, this kind of bigotry is uncalled for... it should read:

Injuns &lt; African Americans

[/ QUOTE ]

If you are gonna do that you should have gone all the way.