How would you invest $50k today

[Mr Ed]

Say you won $50 000 on a scratchy today how would you invest it?

I ask this question because of what we know today or don’t know with world unrest (staying politically correct here), the share market at the bottom or very near it and with the property cycle at or near the top of it’s.

So when you bought the paper this morning and had a Scratch and say won $50k what would you do…

Would you buy a Neg g’d property say up to $500k in a potentially high growth area.

Or would you play it safe and buy two cheaper properties c/f+ with low LVR.

Or would you say easy come easy go and take a well-deserved holiday

Or would you run against the herd and pick some Blue Chip shares do a 30% margin lend and put them in the draw for a rainy day?

Or maybe you’d invest $10k into Peter Spann seminar & learn how to manage the other $40k

Or maybe buy that first IP that you’ve been saving the deposit so hard for…

Or would you look for and opportunity somewhere other than what we post here?

I don’t believe there would be any right or wrong because everyone is somewhere different in there life, but I also believe it could be and interesting discussion.

Mr Ed

 

[JumJones]

Instead of 10K on Peter Spann, how about 20K for one hell of a partay, all somersoft forumites invited.

 

[see_change]

Or maybe use the money as a deposit to buy a business ?

see change

 

[Ace in the Hole]

Mr Ed

I'd simply put it into my IP loan to reduce interest/increase equity, ready to redraw when I find a good deal.

Assuming you did win 50k, it is Real money and should be treated like hard earned money in my opinion. Why treat it any differently to money you invest elswhere? I say stick with your current strategy, if it is working and you're comfortable with it and count the 50k as a bonus.


Regards

Adrian See

 

[voodoo]

50k would be a great help, I would pay out my PPOR.

 

[Jamie]

Hi all,

I would use it to expand my burgeoning business as an internationally respected Adult Feature Film Producer/Director.

This would allow me to expand my erotic empire to the far reaches of the largely untapped, yet lucrative Asia-Pacific market.

Jamie.

 

[geoffw]

Originally posted by voodoo
50k would be a great help, I would pay out my PPOR.

... and then used the increased equity in my PPOR to buy more property

 

[JFEWSTER]

Mr Ed,

This is a great question.

My thoughts are- (and I'm ultra conservative) common sense tells me that the property boom is at or near its peak. Having purchased a property in 1993, I know what it feels like to have an investment go nowhere for an extended period of time. (it was negative geared, low growth)

The stockmarket is at or near its trough. Having purchased managed funds in 2000, I know what its like to have an investment show initial promise, only to be worse off than when I started by 2003. Funny how the financial adviser said I was buying in at the right time and how property was dead!

If we look at the previous property boom of 1989, it is obvious to me that anyone investing their hard erned money into real estate at the moment may have to wait 11 or so years before the next boom comes along. Bugger all in between. Unless neutral or positive geared. In which case it doesn't matter.

At the same time, anyone investing in the share market at the moment may have to wait 8 years for the good times to come again.

If I was cashed up, I would be putting spare money into an offset account, linked to the PPOR. Available for re-draw should the deal of a lifetime (i.e. about once every six months) come along. Most likely a positive geared deal, even if reno,development or sub division required.
If no PPOR loan, then an offset acc. against the most negative geared rental.

In about 5 years time, once the share market really starts to lift it's game- buy in.

Once all the mums and dads get involved in the share market, and everyone at work starts talking about the money they've made, say 10 years time, (i.e just before the bust) back into property. But with one big difference- now that I've experienced one full cycle, and with DSR and LVR and cashflow at its best- next time I'll buy up big! Real big!

I wish i could remember the saying Ive read on this forum before- something about living thru a cycle and wondering about what happened, living thru a cycle and realising what happened etc etc.

Regards.

 

[brains]

Originally posted by Jamie
Hi all,

I would use it to expand my burgeoning business as an internationally respected Adult Feature Film Producer/Director.

This would allow me to expand my erotic empire to the far reaches of the largely untapped, yet lucrative Asia-Pacific market.

Jamie.

HAHAHAHAHAHA..............

 

[geoffw]

In the meantime, Jamie has been studying Interent pornography on the net for some ttime.

His aims has been to write a book on the subject, following the line of Jas's books, "Gardening Online" and "Web Sites for Infants".

At least, that's what he tells his partner he's doing.

 

[Mr. Fabulous]

Jamie,
Do you need any people? I'll work for free.

Mark
'no hat, some cattle'

 

[geoffw]

Mark,

Are you sure you haven't already been researching the area already?

 

[Sunstone]

Dear Geoff,

We already know that 25% of all internet traffic is related to it.

Now if we can make money and syphon more off the top like adultshop.com ......... Yes good ways of getting money out of investors after you list your own company............

Too many grey areas..........

Cheers,

Sunstone.

 

[Les]

You are right, Sunstone,

The only question I have is "How do I stop this garbage filling my Hotmail address?" And it DOESN'T all go to "Junk Mail" either ....

Regards,

 

[geoffw]

People have been studying the topic for many years (according to stories I've read)- even going back to BBS days. I'm not old enough to know these things

Has anyone written a book like Jas's on the topic?

Considering the number of men who've told their wives their reserching their next book, there must be thousands of books out there- even if only .01% of those actually did write a book.

 

[Sunstone]

Dear Les,

Solution. Donate some money to the "mailwasher" guy and he will invent the anti-spam program that you are looking for.

Certainly has improved my spam management and decreased the amount that I get. Some can't get the hint but it is certainly more easy to handle.

Yes Geoff. Oldest trade in the business. Hey yes I used to used BBS's. 2400 was faster than 300 but no comparision to cable.

Technology..... some parts are worth paying for.

Cheers,

Sunstone.

 

[Jas]

Originally posted by Mark Laszczuk
Jamie,
Do you need any people? I'll work for free.

Mark
'no hat, some cattle'

Careful Mark,

There's a lot of pressure to perform in those areas. Anyone remenber the first race aroudn the world documentory?

First time star couldn't perform... There went his career

Jas

PS. I don't think anyone needs to write a book on the subject. All they have to do is get a hotmail account for a month...

 

[gad]

"Say you won $50 000 on a scratchy today how would you invest it?"

That doesn't sound like a real sound investement to me (What are the odds)

 

[GameBoy]

I would use the 50k to buy shares in Steve Navra’s Managed Fund. There you go, tip of the decade imo

 

[D.T.]

I'd use it as a deposit on like an 8plex or something.