10,000.00 Game

[DewsSox79]

Ok,

Lets say you are handed 10,000.00...but its not for bills, food, etc...you can only invest it into something. What would you invest it in? Stock? ok which one? Annuities? 401k, Bonds, property...Where? a home or just land that could be hot 10 years from now. a business? what would you do with 10,000.00 to invest?

also what would your ultimate goal be for a return on any of your investments?

 

[derosabomb]

i dont know. you tell me dewey.

 

[Crystallas]

Buy off a politician for one local regulation in your favor.

BAM... America! Land of opportunity.

 

[DewsSox79]

i dont know. you tell me dewey.

im trying to see what each individual would do. no right or wrong ansewer, there is of course better ansewers than others.

 

[derosabomb]

ok then id invest my money in some whores, and some booze. Then id tell them bitches to get out there and make me some money otherwise they are going to get a visit from my security guy

 

[CODE_BLUE56]

only 10k?

i dont like this game

 

[GrinderBall41]

Property. Buy a house or condo.

EDIT: Obviously I meant toward a down payment, not a 10k house lol.

 

[BigP50]

I'd start a sandwich shop.

 

[chs234]

i would start a 2 floor sports building. a bar and restaurant on the bottom floor, a basketball court on the top floor.

a members only kinda thing, but if wanted the court could be rented out or the bar/restaurant could be rented out for a party.

 

[Gustavus Adolphus]

Meh, I'd use it to pay off bills.

 

[DewsSox79]

Meh, I'd use it to pay off bills.

alot of people would for sure.

 

[Gustavus Adolphus]

alot of people would for sure.

$10,000 really isn't that much when you actually think about it.

I mean, it'd be great to throw down $10k as a down payment on a home, but what is your monthly payment going to be? Unless you're talking about a $100,000 home, you're payments are going to be through the roof. That is about $1,000 for the principal and interest, not including insurance + if you escrow your property taxes.

Much better to use that amount of money towards bills or even saving it.

 

[GrinderBall41]

$10,000 really isn't that much when you actually think about it.

I mean, it'd be great to throw down $10k as a down payment on a home, but what is your monthly payment going to be? Unless you're talking about a $100,000 home, you're payments are going to be through the roof. That is about $1,000 for the principal and interest, not including insurance + if you escrow your property taxes.

Much better to use that amount of money towards bills or even saving it.

Well it obviously wouldnt be the whole down payment... it just makes it much more possible to afford a down payment.

Like instead of using 40k of your $ you would use 30 of your own + this 10. Hurts much less.

 

[DewsSox79]

$10,000 really isn't that much when you actually think about it.

I mean, it'd be great to throw down $10k as a down payment on a home, but what is your monthly payment going to be? Unless you're talking about a $100,000 home, you're payments are going to be through the roof. That is about $1,000 for the principal and interest, not including insurance + if you escrow your property taxes.

Much better to use that amount of money towards bills or even saving it.

if you invest it into something specific you may be able to turn that 10k into much more.

do you own a home? or do you rent? i forgot your age, im sorry.

 

[Gustavus Adolphus]

if you invest it into something specific you may be able to turn that 10k into much more.

do you own a home? or do you rent? i forgot your age, im sorry.

I'm 28 and own my own home.

 

[Gustavus Adolphus]

Well it obviously wouldnt be the whole down payment... it just makes it much more possible to afford a down payment.

Like instead of using 40k of your $ you would use 30 of your own + this 10. Hurts much less.

Yeah, I realized after I posted that, that maybe you'd see it and think I was talking specifically to you. I didn't mean to get down on your post specifically.

 

[DewsSox79]

I'm 28 and own my own home.

yeah im 31 and own as well. its a pain in the ass!

 

[bossdrb]

Well I'm 14...my Stang.

 

[DewsSox79]

Well I'm 14...my Stang.

if you can flip it and make a profit than your idea fits the thread.

 

[Gustavus Adolphus]

yeah im 31 and own as well. its a pain in the ass!

The work that is put into it.....I'd agree.


However, I bought a foreclosure that sold in 2006 for $100k more than I what I bought it for. So I'll gladly put the work in.