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03-11-2010 03:06 AM  8 years agoPost 1
Louisiana Helicam

rrKey Veteran

West Monroe, LA

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...if you suddenly had $75,000 more cash today than you did yesterday? Looking for advice from businessmen/investors.

www.louisianahelicam.com

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03-11-2010 03:08 AM  8 years agoPost 2
GimbalFan (RIP)

rrProfessor

Big Coppitt Key, FL

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What would you do?
See a qualified stock broker right away, or do the research yourself if you have the chops. The market is on the move and much of it is upward.

op-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-t

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03-11-2010 03:15 AM  8 years agoPost 3
Louisiana Helicam

rrKey Veteran

West Monroe, LA

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This is all hypothetical of course.......

I would use it as a jumpstart for a 4-5 slot commercial lease building.

www.louisianahelicam.com

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03-11-2010 03:46 AM  8 years agoPost 4
drifter88

rrApprentice

Upstate NY

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Send it to me

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03-11-2010 03:50 AM  8 years agoPost 5
Dennis (RIP)

rrApprentice

Oregon

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Buy Gold !!!

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03-11-2010 05:39 AM  8 years agoPost 6
Spitfire1

rrElite Veteran

Perth Australia

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Spend it now and have a good time, you only live once and you could get run over by a bus tommorow or told you only have 3 months to live.

If it were me Ide go on a cruise liner for a month, buy a new heli and put the rest towards a house.

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03-11-2010 06:13 AM  8 years agoPost 7
Cowjock

rrVeteran

Pa.

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Spend it now because the Oboma clown and cronies are going to take all of it!

Damn that ground is hard! When's the right time to get out of this money sucking hobby?

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03-11-2010 07:13 AM  8 years agoPost 8
spaceman spiff

rrKey Veteran

Tucson

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spend some. Invest the rest. Do not buy gold. Only costs 300$/oz to mine, yet sells for over a grand now. Fueled only by greed and fear. ( huge bubble, just like the 1981-1982 gold bubble ) My GF sold all hers, plans to buy it back after the bubble bursts again (happens every recession like clockwork )

Stocks have been on the move. Could very well be a good time to pick up some stocs for cheap and pick up some of the ussual springtime gains. Beware many have already bounced back to 2006/2007 levels in antisipation of recession comming to an end so you still could get clobbered. Investors tend to push the market around so it is several months ahead of current conditions . I picked up a bunch of US steel (X) and Parker Hanifin (PH) back around last Feb and March, sold both yesterday for 60% gains. US steel just got a upgrade to "buy" from Goldman sacs, but i've been in the habit of ignoring analysts, too often wrong and ALWAYS late.

I'm anticipating pent up demand from shoppers, and some recovery from recession, i'm thinking retailers? others are saying finance, citi bank, wells fargo...

Hmm just had a look at Best Buy BBY could have caught a double if i picked that up a year ago... its back to 2006 levels now, maybe good for another 15% or so in comming months, but i think i will leave that alone. not any easy choice.

One i like and have bought and sold a few times is NGA National Galvanizing. They bought a new plant in the past year or so to expand, picked it up relatively cheap no doubt so they may see some nice gains as industrial biz picks up... trades Low PE ratios always. and they are not so vulnerable to the downturns.. while biz dropped for them, so did the raw material costs.... its a trading stock, not a buy an hold IMO.

MFRI is worth a look see as well.. both are small simple industrial shops with good finances, and selling pretty cheap.

buyer beware, not my problem if it goes bad... be sure to spread it out over at least 5 stocks you like, that way no one of them can clober you too badly.

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03-11-2010 04:19 PM  8 years agoPost 9
kirk

rrVeteran

Northern, Colorado

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Twice in my life I have gotten what I believe are large chunks of money and got no where with it. Knowing what I know today - I claim to know nothing BTW I would do the following (in the order listed below)...

1. Pay off the rest of my debt (which is low these days) except the house and never use CC's, home equity loans, or buy brand new cars again.
2. Put 4 months worth of expenses in a money market account and leave it alone unless I lost my job
3. Bump my retirement savings up to 15%
4. Fully fund the kids' college fund
5. Put the rest towards my house

If these were not done I would not even look at investing in a business or accruing more debt to buy a business because in most cases the money you have going out to pay interest on deprecating assets (CC’s and cars) is more than most business make the first few years. In the past I would take the risk on and did not mind it but as I get older and have seen a lot of folks with tons of debt struggle I have changed my mind on Debt and arbitrage returns.

Kirk

Proud to have over 13 pages of Good Guy feedback.

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03-11-2010 04:52 PM  8 years agoPost 10
Louisiana Helicam

rrKey Veteran

West Monroe, LA

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I would probably put some of it in the market but would lean more towards some sort of real estate asset. Commercial lease spaces are doing well in my area and $75,000 would be enough to get a start on a building that will yield around $10,000/month income within five to seven years. I only know this from talking to those that have done it in my area.

Kirk, I agree with you on debt elimination. Debt is a cancer to growth. I've read several of Dave Ramsey's books and formed this mindset a number of years ago. I don't have any credit card debt, automobile debt, house is almost 50% paid off, have several months "job loss" cash stored away, have over $1,000 in three safety funds for various categories (automobile, home, etc.) College savings plans are in place and retirement is fairly well funded for my age and my employer contributes a good bit on top of it.

My main goal with that amount of money would be for getting something in place to get me away from going to a "job" every day.

Great discussion! Any more business owners want to chime in?

www.louisianahelicam.com

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03-11-2010 06:33 PM  8 years agoPost 11
ScottV

rrApprentice

El Dorado Hills, CA

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Pay down my mortgage and take the wife on a trip to somewhere like Tahiti.

So long and thanks for all the fish!
`·.¸¸.·´¯`·.. ><((((º>`·.¸¸.·´¯`·.¸><((((º>

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03-11-2010 07:10 PM  8 years agoPost 12
Gearhead

rrMaster

Vt

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I would buy a 2010 Camaro (V8, Standard) and some Roller Rocker Arms for it, and invest the rest, maybe a CD..

Jim
Buzz Buzz Buzz

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03-11-2010 09:45 PM  8 years agoPost 13
Kiwi King

rrApprentice

Next to the water heater, behind the trash can.

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Two words: Strip Club!!!!!
Yeah baby!!!!!

-=+{}+=- The K.

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03-11-2010 10:33 PM  8 years agoPost 14
Gearhead

rrMaster

Vt

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LOL hell yeeaa that's a standard LOL

Jim
Buzz Buzz Buzz

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03-11-2010 10:46 PM  8 years agoPost 15
92ARedOne

rrNovice

Cheeseland, WI.-USA

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Stocks will be flat for years. It's already overpriced today.

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