What would you do?

lpchad · Apr 17, 2009

-$100,000 liquid Cash
-$63,000 retirement savings (401k, IRAs, etc)

$0 debt (No CC, mortgages, student loans, anything)

28 years old, single

BlindLemonBoosh · Apr 17, 2009

Use the $100K to make some real money.

IShopAtPublix · Apr 17, 2009

Quote from lpchad:

-$100,000 liquid Cash
-$63,000 retirement savings (401k, IRAs, etc)

$0 debt (No CC, mortgages, student loans, anything)

28 years old, single

DO NOT dare to gamble with this(100,000) money. Save up to open a business. However, in the mean time, save another 2K and open a margin account and play with the market. Under no circumstance should you add money from your 100K to this account.

GCSICLRBC · Apr 17, 2009

Quote from lpchad:

-$100,000 liquid Cash
-$63,000 retirement savings (401k, IRAs, etc)

$0 debt (No CC, mortgages, student loans, anything)

28 years old, single

DON'T GET MARRIED!!!

Surdo · Apr 17, 2009

Travel to Argentina, Brasil, and Colombia, and sample some of the best looking women in the world and eat good steak!

el surdo

lpchad · Apr 17, 2009

Quote from BlindLemonBoosh:

Use the $100K to make some real money.

Care to elaborate? This is of course what I want to do!

lpchad · Apr 17, 2009

Quote from GCSICLRBC:

DON'T GET MARRIED!!!

I figured that part out. A wife would find a way to spend that cash with a ring, wedding and house.

lpchad · Apr 17, 2009

Quote from IShopAtPublix:

DO NOT dare to gamble with this(100,000) money. Save up to open a business. However, in the mean time, save another 2K and open a margin account and play with the market. Under no circumstance should you add money from your 100K to this account.

Not planning to "gamble" it. Are you using the word "gamble" in place of "trading"?

Seems that saving another 2K and opening a margin account would be gambling albiet not any risk of substantial loss. Assuming you mean futures here?

I'd love to open a business, but have no ideas.

lpchad · Apr 17, 2009

Quote from Surdo:

Travel to Argentina, Brasil, and Colombia, and sample some of the best looking women in the world and eat good steak!

el surdo

I have a friend in Chile right now and is traveling the world doing just this. I envy him, but feel I should have a way to make an income at the same time rather than just pissing away the 100K on world travels. If I could work on something anywhere this would be an option. Hence my dabbling in the markets.

IShopAtPublix · Apr 17, 2009

Quote from lpchad:

Not planning to "gamble" it. Are you using the word "gamble" in place of "trading"?

Seems that saving another 2K and opening a margin account would be gambling albiet not any risk of substantial loss. Assuming you mean futures here?

I'd love to open a business, but have no ideas.

Whether transacting securities is gambling or trading depends on your skill level. I think it would not be responsible to risk 100K to find out your skill level.

Business ideas depend on your geographical area and your interests.