What would you do with 50k

[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.

[La Jolla Renter]

rubbieslippers,

If the thought of being a landlord is too complicated, then scratch the idea of owning and running a business. I have both, and can definitely say being a landlord is by far the easiest.

We still do not have enough personal info to give you advice. I am not big on going to a financial planner with 50k but sometimes they can lock the money up and force you to be disciplined. Just putting it in a CD is probably too tempting for the average person.

[La Jolla Renter]

rubbieslippers,

If the thought of being a landlord is too complicated, then scratch the idea of owning and running a business. I have both, and can definitely say being a landlord is by far the easiest.

We still do not have enough personal info to give you advice. I am not big on going to a financial planner with 50k but sometimes they can lock the money up and force you to be disciplined. Just putting it in a CD is probably too tempting for the average person.

[La Jolla Renter]

rubbieslippers,

If the thought of being a landlord is too complicated, then scratch the idea of owning and running a business. I have both, and can definitely say being a landlord is by far the easiest.

We still do not have enough personal info to give you advice. I am not big on going to a financial planner with 50k but sometimes they can lock the money up and force you to be disciplined. Just putting it in a CD is probably too tempting for the average person.

[La Jolla Renter]

rubbieslippers,

If the thought of being a landlord is too complicated, then scratch the idea of owning and running a business. I have both, and can definitely say being a landlord is by far the easiest.

We still do not have enough personal info to give you advice. I am not big on going to a financial planner with 50k but sometimes they can lock the money up and force you to be disciplined. Just putting it in a CD is probably too tempting for the average person.

[La Jolla Renter]

rubbieslippers,

If the thought of being a landlord is too complicated, then scratch the idea of owning and running a business. I have both, and can definitely say being a landlord is by far the easiest.

We still do not have enough personal info to give you advice. I am not big on going to a financial planner with 50k but sometimes they can lock the money up and force you to be disciplined. Just putting it in a CD is probably too tempting for the average person.

[rubbieslippers]

My parents had a video store when I was a kid, I helped run. My husbands parents had a deli he ran. I am 38 I have some money for retirement.

[rubbieslippers]

My parents had a video store when I was a kid, I helped run. My husbands parents had a deli he ran. I am 38 I have some money for retirement.

[rubbieslippers]

My parents had a video store when I was a kid, I helped run. My husbands parents had a deli he ran. I am 38 I have some money for retirement.

[rubbieslippers]

My parents had a video store when I was a kid, I helped run. My husbands parents had a deli he ran. I am 38 I have some money for retirement.

[rubbieslippers]

My parents had a video store when I was a kid, I helped run. My husbands parents had a deli he ran. I am 38 I have some money for retirement.

[cindy]

personally i would either keep it at ING Direct or something similar and wait for a good time to buy some cheap real estate, or if you don’t want to go that route and don’t need the cash for anything soon, consider dollar cost averaging in to the CGM Focus fund, the best mutual fund out there in my opinion (if you can stand wild swings in your account balance). the manager, ken heebner, is a stud and made 80% return last year. of course that isn’t expected to be repeated, but he is still up an annualized 37.5% for the last 5 years.

[cindy]

personally i would either keep it at ING Direct or something similar and wait for a good time to buy some cheap real estate, or if you don’t want to go that route and don’t need the cash for anything soon, consider dollar cost averaging in to the CGM Focus fund, the best mutual fund out there in my opinion (if you can stand wild swings in your account balance). the manager, ken heebner, is a stud and made 80% return last year. of course that isn’t expected to be repeated, but he is still up an annualized 37.5% for the last 5 years.

[cindy]

personally i would either keep it at ING Direct or something similar and wait for a good time to buy some cheap real estate, or if you don’t want to go that route and don’t need the cash for anything soon, consider dollar cost averaging in to the CGM Focus fund, the best mutual fund out there in my opinion (if you can stand wild swings in your account balance). the manager, ken heebner, is a stud and made 80% return last year. of course that isn’t expected to be repeated, but he is still up an annualized 37.5% for the last 5 years.

[cindy]

personally i would either keep it at ING Direct or something similar and wait for a good time to buy some cheap real estate, or if you don’t want to go that route and don’t need the cash for anything soon, consider dollar cost averaging in to the CGM Focus fund, the best mutual fund out there in my opinion (if you can stand wild swings in your account balance). the manager, ken heebner, is a stud and made 80% return last year. of course that isn’t expected to be repeated, but he is still up an annualized 37.5% for the last 5 years.

[Author]

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