My dad just died and left me cash

[dave29]

Go out and party like Charlie Sheen for a couple hours, that will take care of your money for you.

 

[LegatoRedrivers]

Build a fortified underground bunker. This is the only investment that will actually pay off...once the zombies attack!

 

[SmileDocHill]

Thanks for all the replies. my debts are paid. I don't own anybody. I own my home.
The money is free to spend.

It sounds like you are lamenting the lack of owning another person. You should look into this.

 

[XtremeVel]

If you are willing to buy and not shoot, I would think buying ammo would have the better potential to increase in price. There is always going to be periods of very high prices due to material costs, rumors, elections, ect... Also , I would think there would surely be more perspective buyers come time when you might sell for a profit as opposed to selling a very expensive gun.

 

[TiminMishawaka]

By the way, be careful with gold and silver. I didn't buy any real estate in 2006/2007 when everyone KNEW real estate was a good investment. I only bought in 2008-2009 when it completely tanked in price and I bought 50k homes for 10k a pop. Now the same people that KNEW real estate was a good investment in 2007 KNOW today that gold is a great investment.....

Just something to think about.

 

[printcraft]

STRICTLY URGENT AND CONFIDENTIAL

{URGENT AND CONFIDENTIAL)

(RE: TRANSFER OF ($ 152,000.000.00 USD ONE HUNDRED AND FIFTY TWO MILLION DOLLARS )

Dear sir,

We want to transfer to overseas ($ 152,000.000.00 USD) One hundred
and Fifty two million United States Dollars) from a Bank in Africa, I
want to ask you to quietly look for a reliable and honest person who will
be capable and fit to provide either an existing bank account or
to set up a new Bank a/c immediately to receive this money, even an
empty a/c can serve to receive this money, as long as you will remain
honest to me till the end for this important business trusting in you and
believing in God that you will never let me down either now or in
future.

Please forward to me the amount of $23,500.00 Dollars US to
take care of the necessary paperwork and accounting fees for the fifty two million dollars.


I am Dr. Nicholas.b.okoye aka printcraft, the Auditor General of a bank in Africa,
during the course of our auditing I discovered a floating fund in an
account opened in the bank in 1990 and since 1993 nobody has operated on this
account again, after going through some old files in the records I
discovered that the owner of the account died without a [heir] hence
the money is floating and if I do not remit this money out urgently it
will be forfeited for nothing. the owner of this account is Mr. Duncan
Harkinson, a foreigner, and a sailor, and he died, since 1993. and no
other person knows about this account or any thing concerning it, the
account has no other beneficiary and my investigation proved to me as well that
Mr. Duncan Harkinson until his death was the manager of Duncan
Harkinson Coy.(pty). SA.

I want us to meet face to face to build confidence and to sign a
binding agreement that will bind us together before transferring
the money to any account of your choice where the fund will be safe.
Before we fly to your country for withdrawal, sharing and investments.

I need your strong assurance that you will never, never let me down.

I will apply for annual leave to get visa immediately I hear from you
that you are ready to act and receive this fund in your account. I
will use my position and influence to obtain all legal approvals for
onward transfer of this money to your account with appropriate clearance
from the relevant ministries and foreign exchange departments.

At the conclusion of this business, you will be given 35% of the
total amount, 60% will be for me, while 5% will be for expenses both
parties might have incurred during the process of transferring.

I look forward to your earliest reply through my email address:
ibscaminu@hotvoice.com

You can also rech me on telephone nos. 8821646651141 or 8821646685262, when dialing you don't need to add South African cose just add your Coutry's dial out code and dial straight because it's a satellight phone.

Yours,
Dr. Nicholas.b.okoye
aka
printcraft

 

[E5RANGER375]

Thanks for all the replies. my debts are paid. I don't own anybody. I own my home.
The money is free to spend.

well in that case, look for ways to use that money to make more money. invest in flipping some property you buy at auction for example and keep reinvesting the profit. get rid of the paper cash and turn it into gold that YOU hold. keep only afew thousand in cash so that you have it for emergencies. maybe spend $3k now on toys. wait till you have atleast doubled your money before you start purchasing any bigger toys. in the end its your money. maybe you already have a nest egg, so all of this is just spending cash? in that case I would get your class 3 still, and buy a M2

someone mentioned a $2k gun turning into a $5k gun after afew years. in my opinion thats just a lucky investment. if I were to take that original $2k and be aggressive with it and keep turning it, I could have made over 10 times the profit over that long of time. if you wanna make money you gotta spend it. if you just wanna blow it then blow it. its whatever you want. but if im gonna blow over $20k im gonna do it big with the largest purchase possible.

 

[TwinSix]

Oh, in that case..... BUY GOLD!!

Buy Gold... set up a trust for another loved one. Buy a LARGER safe for your Gold. But think of the future. Stuff is only worth what PEOPLE are willing to pay for it... and history has shown that Property and Gold are good investments... everybody wants it.

 

[kludge]

Do you have a 3-6 month cash reserve?

Dad's money will probably get you close.

But if you have >$20k to spend on guns, you should probably have a $5k safe first.

And remember the old adage, there is no better invetment than in the tools of your own trade.

 

[gunman41mag]

Sorry to hear you DAD has passed, I would go on GUNBROKER & AUCTION ARMS & bid on the guns you want, I've have gotten good deals bidding on guns

 

[Redneckbuckeye]

Buy everyone that post on this thread a new gun lol buy a 50 cal for one.

 

[dominicandemon]

My condolences for you lost.

Not sure how old you are, but am 30, and here is what I have done.

First, save up enough for a "rainy year". With a "rainy year" in the bank you don't have to worry about loosing your job or whatever curve ball life throws at you. I have 0 job stress thanks to this rule.

Second, spend some of it. Guns, Travel. (I wish I would have done more of this before my baby was born.)

Third, mutual funds. I use Vanguard. Put the money in and don't look at it for awhile. This is actually good time to buy. Just watch it grow and grow, sure it will go down, but it will mostly grow. Setup reinvestment, so you keep buying shares.

VFINX - Vanguard 500 Index Investor (Follows the S&P 500)
VGTSX - Vanguard Total Intl Stock Index Inv (International)
VGPMX - Vanguard Precious Metals and Mining Inv (Precious Metals)

I have some gold, but I got back 15 years ago, instead of buying gold, I went the VGPMX route.

Option 1 and 3 are interchangeable. Option 2 does not mean going to Vegas.

I am sure there is no less than a million ways to spend your money.

I have read all the post so far and there is wisdom here for sure.

Good luck, and don't forget Uncle Sams share, unless you can claim that one time tax gift or whatever it is.

 

[nalees]

build a sweet long-range rifle and some land out west.

 

[longbow]

I have a friend who inherited $20,000 in 1997. To date he has spent $40,000 from it and still has $38,000 left. He got into day trading as a hobby.

 

[IndyGunner]

Sorry for your loss.


Invest in stock options. Guns are for fun or protection. Mutual funds are too safe to expect any livable return on 20 grand unless you leave every penny there till youre 400. I would suggest mutual funds or treasury securities to older people who are just looking to protect their nest egg but make enough to buy several tubes of bengay every week. I made $28,000 in 2 months with a $100,000 portfolio just day trading.* No gun will get you that.

Gotta love going to school for financial investments!

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_010.jpg

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_011.jpg

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_012.jpg

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_014.jpg

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_015.jpg

Look at the uranium stock jump! I sh*t myself when I woke up to this.

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_016.jpg

http://i37.photobucket.com/albums/e67/edbean/stocks/facebookpix_017.jpg

http://i37.photobucket.com/albums/e67/edbean/facebookpix_039.jpg

unipixel did the same thing. A wonderful morning surprise!

http://i37.photobucket.com/albums/e67/edbean/facebookpix_040.jpg

*unfortunately this is a simulator BUT if it is real based on the actual market and my hard work.... as they say, takes money to make money.



The only thing is... you have to be 110% committed. I watched the market like most people watch an NFL game. Otherwise id say dont day trade and let your broker manage it.

 

[ThrottleJockey]

Sorry for the loss. Don't get "hood rich". That's not much money. While throwing it in a savings account may only yield 1%, there are plenty of other ways to put it in the bank that will yield FAR better returns. Banks aren't just savings and checking accounts. Talk to a financial planner, now is a really good time for a lot of investments believe it or not. Have a little fun with some of it, I hear Knob Creek has a spring shoot coming up The only thing on the planet that they aren't making more of is land, specifically shoreline.....

 

[Regionnus Rattis]

My opinion: Buying just gold is not good advice. Sure, it COULD continue going up, but it's just as likely to go down in the near future. Quit listening to the idiots on the commercials trying to take advantage of "all-time high prices." Of course they want to sell you gold at all-time highs; they bought it at half the price and now see it's time to close their position at your expense.

Below is the 40 year historical prices; notice prices don't always go up. You buy gold now, you're gambling on it going up-RISKY!
Sure, gold is a great hedge against inflation, but so are other investments.
Diversify. That's the best advice you will ever get. Plain and simple.
Good luck.

I wouldn't be so sure...gold is reliable..
Utah House Passes Bill Recognizing Gold, Silver as Legal Tender - FoxNews.com

 

[IndyGunner]

Buy low, sell high. Given our current market, id say there is still room for gold to gain value (especially if america goes bankrupt when china tries to collect on its treasury securities)... but as far as basic economic principles, buying gold at the current rate makes no sense.

 

[Delmar]

I just inherited 23,500 bucks. I am going to buy guns. Why put it in the bank at 1%. I am not going to get stupid. I am not going to buy common guns. I am also willing to hold and not fire what I buy. What would you buy if 23k fell in your lap? Do I buy a Barrett? Uzi? Spas 12? HK? Let me know what you think?


Thanks for all the replies. my debts are paid. I don't own anybody. I own my home.
The money is free to spend.

A lot of people are telling you that guns can't be a good investment but I am going disagree just a little bit. Guns can be a good investment if you get them bought right. Most of us have seen guns sell for less than they are worth because someone needed money Quickly. Are you skilled enough and motivated enough to find them? If the answer is yes, guns can be a good investment. Do your research, have the cash ready and if you don't get it bought for well under what it is worth, walk away from the deal

 

[Money17]

I don't think you can go wrong by taking the advice of the first three posts on this page. When I am spending money, the first three things that come to mind are Charlie Sheen, Zombies and owning people. $20K can accomplish all three if done in the right order of Zombies, owning a person, and the rest partying like Mr. Tiger Blood.