$500k, cash...where would you put it for maximum return over the next 6-months (and don't say blow and hookers).
Some stocks are at seriously low points (GM and Ford), safe bets?
S.
I'd play it safe. I opened an account at Mattress Firm today. Safe place to keep money. No hidden fees or charges, just the occasional bed bugs.
On a serious note, I was wondering the same thing myself. I was thinking GM stock.
T-bills are probably the only safe way to keep your equity but at .4% not much of an investment. I actually did stash 5 figures cash in my home. FDIC may take some time to pay off if the worst happens
T-bills are probably the only safe way to keep your equity but at .4% not much of an investment. I actually did stash 5 figures cash in my home. FDIC may take some time to pay off if the worst happens
I would use it to pay off what I could in the short term.... If you're already debt free (fuck you!!! ) then simplly stash the cash in CD's, gold bullion, mattress stuffing, ect., ect.
(BTW; This advise is gven from someone who is a top Chrysler level 4 tech (best of the best allegedly)) I'll probably gross $34,000 and clear $25k this year. Down from clearing $47k in '02.
Take it for what it's worth. From someone who is looking up instead of down.
S.cott.
Last edited by Monzsta : October 11th, 2008 at 01:35 AM.
I've actually been buying up commercial and residential properties. Prices are at thier lowest in a long time, and by sitting on them for a bit...it gives me time to decide what to do or what to build on them.
I just STOLE an entire subdivision of 19 2 to 3 acre lots, the builder that owned it couldn't procure enough financing to build it out. Streets, curbing and all underground utilities are already in. I'm planning on building $600-900k spec homes on every one as soon as I pull the permits.
$500k, cash...where would you put it for maximum return over the next 6-months (and don't say blow and hookers).
Some stocks are at seriously low points (GM and Ford), safe bets?
S.
There are no "SAFE" bets in stocks over the next six months. GM and Ford might recover in time but they could also go to zero. When you buy into companies that are in deep trouble, there is nothing safe about it. GM was in merger talks with Chrysler, WTF? Now is not the time for looking for maximum return. Now is the time to protect your capital until such time that the markets return to being safe investments. There is a reason that twenty TRILLION in worldwide cash is sitting on the sidelines right now.
I did buy some Ford yesterday figured what the heck. If the stock goes up great if Ford and GM disappear we have more too worry about than losing money. Plus I feel that investing in Ford or GM stock may help them out.
If
) then simplly stash the cash in CD's, gold bullion, mattress stuffing, ect., ect.
