So what do you do with large sums of money?
 

I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?

Re: So what do you do with large sums of money?
 

Pokerstars transfer it to "lambo_doors" and I'll send you a pic of me blowing you a kiss.

Re: So what do you do with large sums of money?
 

Get a lobotomy.

Re: So what do you do with large sums of money?
 

If you don't need it for two years and the stock market isn't your thing I'd suggest buying a CD from INGdirect. It's basically a fixed rate savings account that you can't touch for a fixed period of time, and ING's interest rates are excellent.

Good luck,
Matt

Re: So what do you do with large sums of money?
 

http://www.brianbehrend.com/archives...s/moneybin.jpg

Re: So what do you do with large sums of money?
 

agreed - just spend a bit of time on bankrate.com looking at rates. and remember you are sacrificing liquidity for return.

Re: So what do you do with large sums of money?
 

low risk mutual funds, you should be able to get about twice the return of a CD/savings account with minimal risk.

Re: So what do you do with large sums of money?
 

Good point highlife. I'm actually looking at some mutual fund investments myself but I know the OP said he didn't want to invest it. However, you are right, with a low risk fund he/she can avoid the stress of "playing the market" and have a very solid rate of return on a long term investment.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?

[/ QUOTE ]

lend it to random people at casinos

stealthcow-

Re: So what do you do with large sums of money?
 

Move up.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
lend it to random people at casinos

stealthcow-

[/ QUOTE ]

Thanks for making me laugh. Today sucked.

Re: So what do you do with large sums of money?
 

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Get a lobotomy.

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love this guy. Pacific Poker

Re: So what do you do with large sums of money?
 

Income Trusts Good return and lowest taxed investments

Re: So what do you do with large sums of money?
 

[ QUOTE ]
I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?

[/ QUOTE ]

If you don't wqant to put it into stocks you might want to put them in 3-6 month Treasury Bills and roll them over every 3-6 months.

Interest rates are most likely going higher and there is very little premium for tying your money up longer. Plus if your state has state abd loca taxes your interest income will be exempt from those taxes making the likely yield much better than you will get in any savings or money market fund.
You can buy direct from the Treasury at www.treasurydirect.gov I believe.

Re: So what do you do with large sums of money?
 

Mutual funds.

RRSP.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
Income Trusts Good return and lowest taxed investments

[/ QUOTE ]
Listened to the man.

Re: So what do you do with large sums of money?
 

whores

Re: So what do you do with large sums of money?
 

yeah, i assume that poker sites put your money into an account where they are making booty loads of money off interest, so i would suggest doing that.

Re: So what do you do with large sums of money?
 

Withdraw it as cash, all in dimes. Use the coins (using a glue for which you have a solvent) to build a scale model of the Notre Dame Catedral in your back yard; charge admission for viewings and sell themed gift shop items (T-shirts, etc.) In two years dismantle the model (using that solvent) -- but not before promoting "Last chance to see the Catehdral!!!!" -- and redeposit the dimes, plus your profits.

Should easily generate higher return than Treasuries, CDs, etc.

Re: So what do you do with large sums of money?
 

lol

Re: So what do you do with large sums of money?
 

[ QUOTE ]
Withdraw it as cash, all in dimes. Use the coins (using a glue for which you have a solvent) to build a scale model of the Notre Dame Catedral in your back yard; charge admission for viewings and sell themed gift shop items (T-shirts, etc.) In two years dismantle the model (using that solvent) -- but not before promoting "Last chance to see the Catehdral!!!!" -- and redeposit the dimes, plus your profits.

Should easily generate higher return than Treasuries, CDs, etc.

[/ QUOTE ]

I second this post.
Another option is to bankroll someone like say... ME?
PM me if you are interested.

Re: So what do you do with large sums of money?
 

If you need it in 2 years do a CD, but if you don't need it for a while definately put it into a MoneyMarkey or Mutual Fund. Those things have the best interest, but that is also associated to the stock market, heh.

Re: So what do you do with large sums of money?
 

Aaaah! What to do???? I got to much money!!!!!

Re: So what do you do with large sums of money?
 

What do I do with large sums of money?

Spend it.

[img]/images/graemlins/frown.gif[/img]

Re: So what do you do with large sums of money?
 

[ QUOTE ]
Withdraw it as cash, all in dimes. Use the coins (using a glue for which you have a solvent) to build a scale model of the Notre Dame Catedral in your back yard; charge admission for viewings and sell themed gift shop items (T-shirts, etc.) In two years dismantle the model (using that solvent) -- but not before promoting "Last chance to see the Catehdral!!!!" -- and redeposit the dimes, plus your profits.

[/ QUOTE ]

This is soooo cliche. Been done a thousand times. Next time, come up with something more original. Seriously.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
[ QUOTE ]
Withdraw it as cash, all in dimes. Use the coins (using a glue for which you have a solvent) to build a scale model of the Notre Dame Catedral in your back yard; charge admission for viewings and sell themed gift shop items (T-shirts, etc.) In two years dismantle the model (using that solvent) -- but not before promoting "Last chance to see the Catehdral!!!!" -- and redeposit the dimes, plus your profits.

[/ QUOTE ]

This is soooo cliche. Been done a thousand times. Next time, come up with something more original. Seriously.

[/ QUOTE ]

Re: So what do you do with large sums of money?
 

I was in your shoes a few months ago. i wanted to invest it somehow, stocks were too slow and uncertain. so i learned about stock option trading. now im making a killing at a very low risk. learn about options especially about Uncovered Put writing and call writing. each options expires in a month, so u have up to a month to make money. and if you find the right options you can make money at virtually no risk.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?

[/ QUOTE ]

Go swimming.

http://www.subdural.com/scrooge/sport.jpg

Re: So what do you do with large sums of money?
 

Dude, you're not even the first person to post that picture in this thread. Weak.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
I was in your shoes a few months ago. i wanted to invest it somehow, stocks were too slow and uncertain. so i learned about stock option trading. now im making a killing at a very low risk. learn about options especially about Uncovered Put writing and call writing. each options expires in a month, so u have up to a month to make money. and if you find the right options you can make money at virtually no risk.

[/ QUOTE ]

is this some kind of sick joke?

Re: So what do you do with large sums of money?
 

[ QUOTE ]
[ QUOTE ]
I was in your shoes a few months ago. i wanted to invest it somehow, stocks were too slow and uncertain. so i learned about stock option trading. now im making a killing at a very low risk. learn about options especially about Uncovered Put writing and call writing. each options expires in a month, so u have up to a month to make money. and if you find the right options you can make money at virtually no risk.

[/ QUOTE ]

is this some kind of sick joke?

[/ QUOTE ]

I heard he's just fading Paluka's book.

Re: So what do you do with large sums of money?
 

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Dude, you're not even the first person to post that picture in this thread. Weak.

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[img]/images/graemlins/confused.gif[/img] I don't see another picture, or even another linked picture.

You think I have time for details?

Re: So what do you do with large sums of money?
 

4.0% APY on EmigrantDirect

Re: So what do you do with large sums of money?
 

i tilt it away.

Re: So what do you do with large sums of money?
 

[ QUOTE ]
[ QUOTE ]
Dude, you're not even the first person to post that picture in this thread. Weak.

[/ QUOTE ]

[img]/images/graemlins/confused.gif[/img] I don't see another picture, or even another linked picture.

You think I have time for details?

[/ QUOTE ]

I had it in my post but it disapeared. oh wells

Re: So what do you do with large sums of money?
 

[ QUOTE ]
whores

[/ QUOTE ]
excellent

Re: So what do you do with large sums of money?
 

[ QUOTE ]
[ QUOTE ]
Get a lobotomy.

[/ QUOTE ]

love this guy. Pacific Poker

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YES!!!! One time I had trip aces! And the other guy went all in cause he had trip kings!!!!

Davey davey davey......... [img]/images/graemlins/cool.gif[/img]

Re: So what do you do with large sums of money?
 

[ QUOTE ]
I have a lot of money sitting in my checking account. I don't plan on putting it into stocks. I don't need it for 2+ years. What should I do?

[/ QUOTE ]

Stake me in the 100/200 on stars. I'll probably need about 100BB a week to keep up the habbit.

-SmileyEH