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01-28-2008, 09:50 PM | #1 |
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How would you invest $25,000
If you had $25,000 to invest in cases (there's a good chance I will in the next few months), how would you spend it? I'm interested in football, baseball and hockey only.
Your first list should be how you would invest the $25,000 if you were keeping the cases sealed and the second list would be your picks for breaking. Thanks your help. Tooleman
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01-28-2008, 11:29 PM | #4 |
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Sealed: 05/06 UD The Cup
Bust: 05/06 UD The Cup
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01-28-2008, 11:37 PM | #5 |
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CD's or a high interest account
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01-29-2008, 12:02 AM | #6 |
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Buy gold right now, and sell half of it next year, then decide again with even more money.
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01-29-2008, 12:20 AM | #7 |
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wait a couple of more months for the stock market to "correct" and then buy 3-4 mutual funds.
Better return than cardboard..... |
01-29-2008, 12:57 AM | #8 |
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01-29-2008, 01:28 AM | #10 |
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take the entire 25k, buy in to the 5/10 NL game at the bellagio... with the profits, buy up exquisite to bust.......with the original 25k, spilit between 07 BCDP and 2001 SPA golf to hold.
yeah golf is high right now but skys the limit with tiger. |
01-29-2008, 03:22 PM | #12 | |
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take the 25k & invest it in your home pay down your mortgage debt your home will always increase in value & the money is there if and when you need it the intrest you save will blow your mind on 25k
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01-29-2008, 03:42 PM | #13 | |
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That's EXACTLY what I would do. As much as I enjoy the hobby, the last thing I would be looking at would be investing $25K in sports cards. |
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01-29-2008, 03:48 PM | #14 |
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I was just in a very similar situation. I paid off two "debts" I had, invested $10,000 into my house and then spent a couple thousand on cards for PC and a few boxes for my upcoming shows. I spread out the amount over different things so that I was able to get some stuff for the habit, make my house better, and relieve a few bills.
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01-29-2008, 05:07 PM | #15 |
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Don't throw it away on cardboard. Money market funds and bank cd's will be paying less after rates go down tomorrow ( it will take a bit of time but not much ). Paying off a mortage may not be a good idea depending on your age ( good tax rite off ). Buy single stocks that pay high dividends and will probably appreciate in time since they always do. Some folks live just off dividends and only pay 15% in taxes no less. Win, win. Just my .02
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01-29-2008, 06:56 PM | #16 |
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Smart advice guys. Perhaps I'll buy a case or two to satisfy the urge and build up my kids' 529 accounts with the rest.
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"Sometimes you can just smell a horrendously shitty day on the way, can't you? " --Henry (Michael Keaton) in "The Paper." |
01-29-2008, 09:03 PM | #17 |
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That or 50 Sealed cases of 07 Bowman Chrome Draft Picks is probable your two best choices.
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01-29-2008, 09:32 PM | #18 |
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Invest in the Euro/Yen/English Pound
Actually, I'd invest it with a good finance guy and have him allocate the funds accordingly, heck the $25k could make your house payments for a long time and make a decent amount of money in interest if the finance guy knows what he's doing. |
01-30-2008, 09:42 AM | #19 | |
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your house tax can not always be written off it depends on your tax bracket i cant use mine since we recieve the maximum amount of deductions already we are geting clost to 9500 back from our taxes this year
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01-30-2008, 01:14 PM | #20 |
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9500?? Good lord, that's a good amount of interest the government is making on your money
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01-30-2008, 01:32 PM | #21 | |
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01-30-2008, 01:58 PM | #22 |
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If your net cost of mortgage interest is 4% and your money is earning you 8%+ how is it not a good theory? Whether you have $10,000 or $100,000 of money in your house you will always get the appreciated value. So, why not put your money to work for you?
Sure, I could take $40K and dump it in my house to save some years and interest. In 20 years I would have a house... Or I could invest the $40K, make 10%-12%, and have a $325,000 asset along with my house in 20 years. Yeah, I still have a mortgage payment but only for another 10 years. However, by that time my little $40K invest is worth over $900,000. So, I guess would you rather save $100,000 and have no house payment in 20 years. Or, pay out the full 30 year mortgage and have a $900,000 asset? Give me door #2 please.
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01-30-2008, 04:16 PM | #23 | |
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01-30-2008, 04:27 PM | #24 |
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What someone does with a windfall depends entirely on his/her situation which is why I said that "it MAY not be a good idea to pay it toward a mortgage" and I said to buy stocks to get the dividend and pay 15% on that money. Almost no one has a mortage of 4% fixed ( an ARM is too variable and you cannot count on it..at least that seems to be the current problem today ) and not everyone invests wisely enough to get an 8% return on an investment even as an average year in and year out. Some folks may be lucky enough to pay down their mortage and invest wisely but since most cannot then I guess everyone has to do their own thing. It does seem that most on the board do agree to not blow $25000 on cardboard. Would be fun though.
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01-30-2008, 04:32 PM | #25 | |
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That is a good point. I guess if I won like a few million in the lottery I would have no problem spending $25k on cardboard hehe |
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