RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

May 11, 2022
4:13:52pm

the_byu_flash All-American

RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

Report problem with this ad

the_byu_flash

Previous username: MWKV3
Bio page: the_byu_flash
Joined: Dec 9, 2015
Last login: Apr 25, 2024
Total posts: 11,812 (67 FO)

Report problem with this ad

Messages

Author

Time

If you were sitting on a wad of cash, if 500K what would you do with it now?

Ycrazy

5/11/22 4:06pm

DCA 50k into VTSAX every month for next 10 months.

coug16

5/11/22 4:07pm

I’m not a fan of DCA over just investing lump sum

JOPE

5/11/22 4:17pm

So are you better off holding till markets bottom out?

Ycrazy

5/11/22 4:19pm

Problem is, you only know it’s the bottom when you’re well on the way out

Cougarclaw

5/11/22 4:20pm

If you talk to an investment advisor they would tell you to just put it in the market when you have it

JOPE

5/11/22 4:22pm

Pay off the mortgage on all my rental properties

RenoCoug

5/11/22 4:09pm

What is your interest rate on those loans?

5/11/22 4:11pm

That would be the big factor. We locked in rates in the 3s. With 8% inflation

johnnybyu

5/11/22 4:12pm

Pretty good, but it would create about $7,200.00 a month in cash

RenoCoug

5/11/22 4:12pm

Kind of. You are also sacrificing in opportunity cost on the interest you could earn from the investments you could make

5/11/22 4:14pm

True, but I like the idea of having my tiny "empire" paid off

RenoCoug

5/11/22 4:17pm

True. And that’s one way to look at it. But peace of mind is expensive. I would look at this as a unique opportunity to

5/11/22 4:22pm

Yup, A good way to look at it is the interest rate amounts to your rate of return on your money

JOPE

5/11/22 4:48pm

Silliness-why pay down a loan in the 3s on an appreciating asset with inflation?

ebv

5/11/22 4:17pm

Purchase land as an investment.

RH84025

5/11/22 4:09pm

Land can be difficult in a recession and there is no way to make money off of it

johnnybyu

5/11/22 4:14pm

I was thinking as a longer term investment. Assuming you didn't need the money

RH84025

5/11/22 4:16pm

It could work long term if you buy it in all in cash. Certainly wouldn't levera

johnnybyu

5/11/22 4:18pm

RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

Ragnar Danneskjold

5/11/22 4:11pm

RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

slappy

5/11/22 4:14pm

RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

RootieBoy

5/11/22 4:15pm

RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

SausageKing

5/11/22 4:19pm

You don’t need 500k for that though

JohnnyComeLately

5/11/22 4:23pm

RE: You don’t need 500k for that though

Ragnar Danneskjold

5/11/22 4:29pm

Pay off my mortgage, drop the rest in to longterm ETFs and then take most of what I'm paying monthly toward my mortgage

scall

5/11/22 4:11pm

I don’t agree with the mortgage. Paying off your mortgage could cost you millions of dollars if you

JOPE

5/11/22 4:15pm

I just want the security of no mortgage but I understand where you are coming from

scall

5/11/22 4:16pm

I get why you say that, lots of people feel that way

JOPE

5/11/22 4:33pm

We paid off our mortgage and now have no debt. Best decision we ever made. You

O Gaucho

5/11/22 4:35pm

Especially if you paid it off a year ago.

ochobeeguy

5/11/22 4:51pm

Not sure you did that math right. Unless you live in Alpine I guess.

ochobeeguy

5/11/22 4:52pm

You sure? Let’s say you have 20 years left on your mortgage, and your mortgage is $500,000

JOPE

5/11/22 5:14pm

I see, I guess if you use the rate from the best bull market in history.

ochobeeguy

5/11/22 5:27pm

What? Even at 10% the difference is 2 million

JOPE

5/11/22 5:33pm

Stop listening to Dave Ramsey

Ron Mexico

5/11/22 5:46pm

RE: Stop listening to Dave Ramsey

JOPE

5/11/22 6:05pm

Fill up all 3 of my cars. All the way full.

IGotGoodGifs

5/11/22 4:11pm

You can only get 35 gallons with the Smith's gas discount though.

ochobeeguy

5/11/22 4:53pm

Beanie Babies

Tare

5/11/22 4:12pm

RE: If you were sitting on a wad of cash, if 500K what would you do with it now?

the_byu_flash

5/11/22 4:13pm

I think that is looking more like the challenger shuttle then rockets now

Ycrazy

5/11/22 4:15pm

Donate it all to the poor and needy, and thus gain eternal blessings greater

Nikomedes

5/11/22 4:13pm

Buy SOXL and hold.

BoiseCougar

5/11/22 4:16pm

That stock has had quite a rough ride. Why are you in love with it?

Ycrazy

5/11/22 4:18pm

It’s cheap.

BoiseCougar

5/11/22 4:22pm

Not sure about putting it all in there. But 2 or 3 % if you don’t need access to it for a while.

5/11/22 4:28pm

Leveraged ETFs are not built to be bought and held.

JuicyJam

5/11/22 4:50pm

Nobody should be paying off mortgages right now if they have 3% or lower rates.

RH84025

5/11/22 4:17pm

This. We will look back on those rates as a gift.

ebv

5/11/22 4:18pm

Already looking like a massive gift

5/11/22 4:19pm

Buy more MTTR. Reported Q1 earnings yesterday and they’re delivering. Stock

hansel

5/11/22 4:21pm

I guess now that it has lost 2/3 of its value in about 6 months.

ochobeeguy

5/11/22 4:57pm

Real estate that will move with inflation but that I’m otherwise buying because it’s a good cash flower

JollyGreenGiant

5/11/22 4:23pm

Blow it on cars, trips and guns!!!

BYU Grounds

5/11/22 4:23pm

Wait until around Oct to invest. Thing are not turning around until/if the

byucougarsbig12

5/11/22 4:29pm

Put it into a high dividend ETF like QYLD or RYLD

MapCoug

5/11/22 4:30pm

Buy as many cash flowing rental properties as possible

4mack

5/11/22 4:35pm

This is the answer in an inflationary environment.

ebv

5/11/22 4:36pm

With $500k? You can get maybe one that is cash flow positive on year one.

HuskerFan2

5/11/22 5:08pm

Down payments on multiple.

4mack

5/11/22 5:28pm

What? Put down 30-40% on any number of homes in Utah, and you can easily

ebv

5/11/22 5:29pm

Sorry. It was meant as a joke.

HuskerFan2

5/11/22 5:35pm

RE: Sorry. It was meant as a joke.

ebv

5/11/22 5:40pm

Start a business with part of it and invest the rest

homegrown

5/11/22 4:59pm

Whatever made me happiest

BingoNY

5/11/22 5:00pm

Pay off mortgage/debts, Max out 401k, IRA and HSA

JohnnyC

5/11/22 5:26pm

Purchase Cougarboard and reign down on those who have betrayed him

TNT

5/11/22 6:18pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad