What would you do with 50k

[sdduuuude]

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Ask for Rich.

[NotCranky]

No offense to Rich of course, or to the person with the 50K, or to sdduuuuude, but is that amount of money worth going to a financial advisor over? Does a financial advisor want to see someone with that amount and no other assets to talk about?Maybe I missed it and the OP said they have other investment concerns?

If I was about to buy a place in the next few years,which seems like perfect timing, I would use the 50k to try to slide into two or three lower priced places over a few years and become a landlord.

[NotCranky]

No offense to Rich of course, or to the person with the 50K, or to sdduuuuude, but is that amount of money worth going to a financial advisor over? Does a financial advisor want to see someone with that amount and no other assets to talk about?Maybe I missed it and the OP said they have other investment concerns?

If I was about to buy a place in the next few years,which seems like perfect timing, I would use the 50k to try to slide into two or three lower priced places over a few years and become a landlord.

[NotCranky]

No offense to Rich of course, or to the person with the 50K, or to sdduuuuude, but is that amount of money worth going to a financial advisor over? Does a financial advisor want to see someone with that amount and no other assets to talk about?Maybe I missed it and the OP said they have other investment concerns?

If I was about to buy a place in the next few years,which seems like perfect timing, I would use the 50k to try to slide into two or three lower priced places over a few years and become a landlord.

[NotCranky]

No offense to Rich of course, or to the person with the 50K, or to sdduuuuude, but is that amount of money worth going to a financial advisor over? Does a financial advisor want to see someone with that amount and no other assets to talk about?Maybe I missed it and the OP said they have other investment concerns?

If I was about to buy a place in the next few years,which seems like perfect timing, I would use the 50k to try to slide into two or three lower priced places over a few years and become a landlord.

[NotCranky]

No offense to Rich of course, or to the person with the 50K, or to sdduuuuude, but is that amount of money worth going to a financial advisor over? Does a financial advisor want to see someone with that amount and no other assets to talk about?Maybe I missed it and the OP said they have other investment concerns?

If I was about to buy a place in the next few years,which seems like perfect timing, I would use the 50k to try to slide into two or three lower priced places over a few years and become a landlord.

[rubbieslippers]

to put it down on a few properties I would have to qualify for a few loans, wouldn’t I? I have no desire to be a landlord, what if the renters don’t pay? then I have to cover that loss, too complicated. I have thought about going to a financial advisor, I probably will.

[rubbieslippers]

to put it down on a few properties I would have to qualify for a few loans, wouldn’t I? I have no desire to be a landlord, what if the renters don’t pay? then I have to cover that loss, too complicated. I have thought about going to a financial advisor, I probably will.

[rubbieslippers]

to put it down on a few properties I would have to qualify for a few loans, wouldn’t I? I have no desire to be a landlord, what if the renters don’t pay? then I have to cover that loss, too complicated. I have thought about going to a financial advisor, I probably will.

[rubbieslippers]

to put it down on a few properties I would have to qualify for a few loans, wouldn’t I? I have no desire to be a landlord, what if the renters don’t pay? then I have to cover that loss, too complicated. I have thought about going to a financial advisor, I probably will.

[rubbieslippers]

to put it down on a few properties I would have to qualify for a few loans, wouldn’t I? I have no desire to be a landlord, what if the renters don’t pay? then I have to cover that loss, too complicated. I have thought about going to a financial advisor, I probably will.

[poorgradstudent]

I’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.

If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.

[poorgradstudent]

I’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.

If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.

[poorgradstudent]

I’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.

If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.

[poorgradstudent]

I’ve read that the United States is littered with bars and restraunts that were opened by lottery winners who had no idea how to manage a bar or restraunt. I imagine similar rules apply to deli or coffee shop ownership. If you’ve worked in one (or ideally managed) that’s one thing, but starting cold is overly risky unless you have a lot of time and energy to invest in learning the ropes.

If I came into 50k right now I’d stash it in a money market account and wait for a bottom to use it as a down payment. However, I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.

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