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Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856680
04/30/23 04:39 PM
04/30/23 04:39 PM
Joined: Dec 2022
Posts: 3,162
illinois
J
jalstat Offline
trapper
jalstat  Offline
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J

Joined: Dec 2022
Posts: 3,162
illinois
5.5% 12 month CD,when I retire I believe I will put 2 mil. In for a year until I better understand what is happening in the market. My financial guy isnít arguing.

Last edited by jalstat; 04/30/23 04:42 PM.
Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856700
04/30/23 05:35 PM
04/30/23 05:35 PM
Joined: Feb 2014
Posts: 11,969
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
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J

Joined: Feb 2014
Posts: 11,969
Ky
Stick it in short term cd at 5% (3-12months). When Biden destroys the rest of the economy or the wall street make believers realize it's all smoke and mirrors. THEN buy land on the back side of the recession. !!!!!

But with that said hang on to some of it for "flipping" purposes. Just bought a 1 year old craftsman 19 horse rider mower for 800 . Guy bought it new last year for 2300 from lowes. Sold it in 20 minutes for 1,000 !!! You interest gurus what percent did I earn on my investment ?!!! LOL

Did I mention it had 23 hours on it ??

Lot of these opportunities are coming as people continue to pay for high groceries and Gas goes up. Credit card debt is about to max out on everyday Joe. Second mower and 1 utility trailer I've flipped in last couple months.

Last edited by jbyrd63; 04/30/23 05:45 PM.
Re: If You Had a Spare $100,000..... [Re: jalstat] #7856701
04/30/23 05:36 PM
04/30/23 05:36 PM
Joined: Feb 2014
Posts: 11,969
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
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J

Joined: Feb 2014
Posts: 11,969
Ky
Originally Posted by jalstat
5.5% 12 month CD,when I retire I believe I will put 2 mil. In for a year until I better understand what is happening in the market. My financial guy isn’t arguing.


If you got 2 mil to invest what are you worried about?

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856712
04/30/23 06:11 PM
04/30/23 06:11 PM
Joined: Dec 2022
Posts: 3,162
illinois
J
jalstat Offline
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jalstat  Offline
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Joined: Dec 2022
Posts: 3,162
illinois
Jbyrd Iím not worried except I like to make money last and my wheels are always turning.I busted my rear for the last 35 years did it my way and do everything I can to enjoy life and still do well with my finances. Iím not a classy guy but. I own everything house , autos and property. I am not afraid to invest just canít figure out this policy from the idiots in DC , you got any other suggestions Iím all ears and respect other peoples aspects on financial issues

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856756
04/30/23 07:29 PM
04/30/23 07:29 PM
Joined: Jul 2022
Posts: 530
Va
S
Spike369 Offline
trapper
Spike369  Offline
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S

Joined: Jul 2022
Posts: 530
Va
If you're going to buy land look on tranzon for auctions. Got 103 acres of 25 yr old timber for 100k.

Re: If You Had a Spare $100,000..... [Re: jalstat] #7856761
04/30/23 07:32 PM
04/30/23 07:32 PM
Joined: Feb 2014
Posts: 11,969
Ky
J
jbyrd63 Offline
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jbyrd63  Offline
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J

Joined: Feb 2014
Posts: 11,969
Ky
Originally Posted by jalstat
Jbyrd I’m not worried except I like to make money last and my wheels are always turning.I busted my rear for the last 35 years did it my way and do everything I can to enjoy life and still do well with my finances. I’m not a classy guy but. I own everything house , autos and property. I am not afraid to invest just can’t figure out this policy from the idiots in DC , you got any other suggestions I’m all ears and respect other peoples aspects on financial issues


Think we are on the same page !!! Own I bonds and rest is in staggered CD's 3, 6 12, 18, 24 months . ALL over 5 %

Bought 40 acres year ago October .....

Last edited by jbyrd63; 04/30/23 07:36 PM.
Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856772
04/30/23 07:40 PM
04/30/23 07:40 PM
Joined: Dec 2022
Posts: 3,162
illinois
J
jalstat Offline
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jalstat  Offline
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Joined: Dec 2022
Posts: 3,162
illinois
Thanks sir my Best Buy on ground was 40 acres of timber for nine grand in 1994 sold more on trees years ago than I paid still have the piece itís money in the bank

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856779
04/30/23 07:48 PM
04/30/23 07:48 PM
Joined: Sep 2013
Posts: 16,613
Green County Wisconsin
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GREENCOUNTYPETE Offline
trapper
GREENCOUNTYPETE  Offline
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Joined: Sep 2013
Posts: 16,613
Green County Wisconsin
pay off my house and put a new roof on it , then maybe buy some hunting land with what is left or build a new garage.


I am not a very savvy investor type

once I had the house paid off , I would put my house payment at my Roth and max out my HSA

Last edited by GREENCOUNTYPETE; 04/30/23 07:50 PM.

America only has one issue, we have a Responsibility crisis and everything else stems from it.
Re: If You Had a Spare $100,000..... [Re: PSB1011] #7856784
04/30/23 07:51 PM
04/30/23 07:51 PM
Joined: Jul 2017
Posts: 2,319
PA
W
w side rd 151 Offline
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w side rd 151  Offline
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Joined: Jul 2017
Posts: 2,319
PA
Originally Posted by PSB1011
Last spring when I knew the fed was going to raise rates a good bit,I borrowed $100,000 from a bank in Mifflin co at 3 .65 percent,then couple months ago put it into 2 CDs with a 4.25 interest rate, and the other at slightly less.Paying them off with inflated dollars till I find some property I really want.

This is certainly a more intelligent reply than what my response was The fact is while there are several ways to do .In the end you want to make your money work for you And the better you are able to do that the ability to do that will grow .

Re: If You Had a Spare $100,000..... [Re: Spike369] #7856789
04/30/23 07:58 PM
04/30/23 07:58 PM
Joined: Dec 2013
Posts: 14,331
Greene County,Virginia
R
run Offline
trapper
run  Offline
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R

Joined: Dec 2013
Posts: 14,331
Greene County,Virginia
Originally Posted by Spike369
If you're going to buy land look on tranzon for auctions. Got 103 acres of 25 yr old timber for 100k.

What is tranzon?


wanna be goat farmer.
Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856790
04/30/23 07:59 PM
04/30/23 07:59 PM
Joined: Aug 2011
Posts: 42,824
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 42,824
james bay frontierOnt.
I have around 50g extra money every year that I have no real use for.


Forget that fear of gravity-get a little savagery in your life.
Re: If You Had a Spare $100,000..... [Re: Boco] #7856823
04/30/23 08:29 PM
04/30/23 08:29 PM
Joined: Jan 2007
Posts: 4,405
MD
D
DaveP Offline
trapper
DaveP  Offline
trapper
D

Joined: Jan 2007
Posts: 4,405
MD
Originally Posted by Boco
I have around 50g extra money every year that I have no real use for.



Canadian?
That like 87 bucks, American!

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856829
04/30/23 08:35 PM
04/30/23 08:35 PM
Joined: Aug 2011
Posts: 42,824
james bay frontierOnt.
B
Boco Offline
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Boco  Offline
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B

Joined: Aug 2011
Posts: 42,824
james bay frontierOnt.
Not here it aint.
Unless you can buy a new truck for 87bucks.

Last edited by Boco; 04/30/23 11:09 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: If You Had a Spare $100,000..... [Re: DaveP] #7856839
04/30/23 08:44 PM
04/30/23 08:44 PM
Joined: Mar 2023
Posts: 446
WI
M
Mando Offline
trapper
Mando  Offline
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M

Joined: Mar 2023
Posts: 446
WI
Originally Posted by DaveP
Originally Posted by Boco
I have around 50g extra money every year that I have no real use for.



Canadian?
That like 87 bucks, American!

Lol

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856897
04/30/23 09:40 PM
04/30/23 09:40 PM
Joined: May 2013
Posts: 55
ND
K
Kyle Krebs Offline
trapper
Kyle Krebs  Offline
trapper
K

Joined: May 2013
Posts: 55
ND
I guess it would have to depend what your real goal is? To keep it safe? As a long term investment? Are looking to make big bucks on this investment? Are you willing to loose some of it? Does it all have to be invested in one thing? One thing to think about is you can use it to make a down payment on a pretty big business real estate purchase if you can cash flow the rest of the loan. Might be the cheapest interest we see for a while might be I'm wrong but who cares bout the interest if you can buy something that will make its own payments and appreciate in value. I'm not a stock market guy or get rich quick kinda guy but long term real estate or business purchase could be life changing. If you are into real things. Jewelery old coins heck old guns old traps all hold or appreciate value. First thing if do is figure out what your end goal is and then look for something that can reach that goal. Safe or risky is all up to you. Guys bragging about getting 5 percent interest on a CD when inflation is 10 percent aren't all that smart unless they own the bank you put the CD in and are using that money your giving them for next to nothing.

Re: If You Had a Spare $100,000..... [Re: PSB1011] #7856915
04/30/23 10:04 PM
04/30/23 10:04 PM
Joined: Feb 2014
Posts: 11,969
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 11,969
Ky
Originally Posted by PSB1011
Last spring when I knew the fed was going to raise rates a good bit,I borrowed $100,000 from a bank in Mifflin co at 3 .65 percent,then couple months ago put it into 2 CDs with a 4.25 interest rate, and the other at slightly less.Paying them off with inflated dollars till I find some property I really want.


On paper that sounds good but you lost money . The interest paid on a CD is not calculated the same as on your loan. How long was the term ? Most loans are NOT SIMPLE interest. What about closing cost ????? IF you did make money good for you . But something had to be used as collateral . So you either got a mortgage or put a lein on something that is now tied up.

Re: If You Had a Spare $100,000..... [Re: Kyle Krebs] #7856920
04/30/23 10:14 PM
04/30/23 10:14 PM
Joined: Feb 2014
Posts: 11,969
Ky
J
jbyrd63 Offline
trapper
jbyrd63  Offline
trapper
J

Joined: Feb 2014
Posts: 11,969
Ky
Originally Posted by Kyle Krebs
I guess it would have to depend what your real goal is? To keep it safe? As a long term investment? Are looking to make big bucks on this investment? Are you willing to loose some of it? Does it all have to be invested in one thing? One thing to think about is you can use it to make a down payment on a pretty big business real estate purchase if you can cash flow the rest of the loan. Might be the cheapest interest we see for a while might be I'm wrong but who cares bout the interest if you can buy something that will make its own payments and appreciate in value. I'm not a stock market guy or get rich quick kinda guy but long term real estate or business purchase could be life changing. If you are into real things. Jewelery old coins heck old guns old traps all hold or appreciate value. First thing if do is figure out what your end goal is and then look for something that can reach that goal. Safe or risky is all up to you. Guys bragging about getting 5 percent interest on a CD when inflation is 10 percent aren't all that smart unless they own the bank you put the CD in and are using that money your giving them for next to nothing.


Well we could have put it in the stock market where over an 18 month period they "used" peoples money for less than nothing . IN fact I think it's still running downward about 9 % So side by side comparison means those of us @ 5% interest are up 16 % by millionaire math.
Just saying !!!!!

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856934
04/30/23 10:39 PM
04/30/23 10:39 PM
Joined: Dec 2022
Posts: 3,162
illinois
J
jalstat Offline
trapper
jalstat  Offline
trapper
J

Joined: Dec 2022
Posts: 3,162
illinois
When I look to generate income I donít factor in inflation too much I need so much to live comfortably and at five percent short term will work for me and not touch my principal Jbyrd I know you understand what Iím saying

Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856956
04/30/23 11:04 PM
04/30/23 11:04 PM
Joined: May 2011
Posts: 7,684
Montana
B
beartooth trapr Offline
trapper
beartooth trapr  Offline
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B

Joined: May 2011
Posts: 7,684
Montana
Buy more old Chevys


Let me sugar coat this
Re: If You Had a Spare $100,000..... [Re: trappingthomas] #7856961
04/30/23 11:09 PM
04/30/23 11:09 PM
Joined: Jan 2008
Posts: 8,630
Alaska and Washington State
W
waggler Offline
trapper
waggler  Offline
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W

Joined: Jan 2008
Posts: 8,630
Alaska and Washington State
Purely "found money"? Gold. And then forget about it.


"My life is better than your vacation"
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