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#91
02-01-2005, 07:44 PM
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Re: What would you do if you just won 58k last night?
[ QUOTE ]
so should i just throw this cash into the bank? seems like the interest is almost negligible though. [/ QUOTE ] Depends on when you need to spend the money. If you're going to need it within a couple of years for a housing down payment, then you don't want to worry about variance, so yes, you would put it in a bank/CD/monkey market account. If it's for retirement, then you put it in an IRA and probably put most of it into the stock market. 
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#96
02-01-2005, 08:11 PM
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Re: What would you do if you just won 58k last night?
</font><blockquote><font class="small">In risposta di:</font><hr />
with 58k i would definetely get a plasma tv, as well as a hyped up pc... -anto [/ QUOTE ] those kinds of things just don't mean anything to me. i'm most likely going to try and buy a place to live. the tourney was on stars, $530 500k guaranteed.
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#99
02-01-2005, 08:58 PM
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Re: What would you do if you just won 58k last night?
Bollox frankly.
So what that he is 24, he is still an adult. Spinking 5k of his winnings on as visceral consumption of Plasma screens or whatever takes his fancy, this will remove the abstraction of his winnings as just numbers on a computer screen, bank statement etc. This will provide the taste of succsess needed to motivate one forward through lifes briar paches. In short he should make sure he blows at least 3k on some act of extravegent consumption. He can still sensibly put 35K+ away. I know this may seem illogical to you Spock, but for a Human this is the best way forward.
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#100
02-01-2005, 09:33 PM
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Re: What would you do if you just won 58k last night?
I would buy a new computer with a big-ass monitor, and put the rest into my stock portfolio.
what should a 24 year old do? 1) move into his own place. if you know where you want to be for the next 5 years, buy. if not, rent. if you do buy, no more than 20k for down payment. 2) (amount leftover after taxes) - 10k for current use - down payment (if any) would go into investments. anywhere from 10-40k. for investments, start or fully fund a 401k or roth ira. any left over into a no-load dow industrials mutual fund. 3) current use 10k into money market fund. use to take an occasional shot at the next higher limit, and to keep just in case it's needed for unexpected expenses. congratulations daryn.
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