What are you doing with your money?

What are you doing with your money?

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RogerN
Posts: 238
Joined: 24 Jul 2006, 23:29

What are you doing with your money?

Post by RogerN »

It's almost mesmerizing to watch trillions of dollars of wealth just evaporate as the Dow drops below 10,000 this morning. My own investments are probably down more than 20% YTD. So what are you doing with your money these days?

1. Paying off the credit card
Because paying off debt always reaps a guaranteed return!

2. Buying more stocks!
Get 'em while they're cheap! What goes down must go back up, right? Right?

3. Hoarding gold
It's safe because it's shiny. And I ran out of space in my mattress.

4. Government bonds
Because 4% is better than nothing. And it's not like the government is going to go broke... they can just pass a bill to bail themselves out.

I gotta admit... #2 is awfully tempting. But I'm really not much of a risk-taker. I'll probably just wait until a measure of stability returns to the market.
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Decimator
Posts: 1118
Joined: 24 Jul 2005, 04:15

Re: What are you doing with your money?

Post by Decimator »

Look at it this way, you can brag that you bought a thousand shares of something. One of my co-workers bought a thousand shares of Lehman stock at 30 cents a share. He made 62 dollars. :P
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Hoi
Posts: 2917
Joined: 13 May 2008, 16:51

Re: What are you doing with your money?

Post by Hoi »

Decimator wrote:Look at it this way, you can brag that you bought a thousand shares of something. One of my co-workers bought a thousand shares of Lehman stock at 30 cents a share. He made 62 dollars. :P
each?^^
imbaczek
Posts: 3629
Joined: 22 Aug 2006, 16:19

Re: What are you doing with your money?

Post by imbaczek »

Decimator wrote:Look at it this way, you can brag that you bought a thousand shares of something. One of my co-workers bought a thousand shares of Lehman stock at 30 cents a share. He made 62 dollars. :P
you could buy like 30 houses for that, right? ;p
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Decimator
Posts: 1118
Joined: 24 Jul 2005, 04:15

Re: What are you doing with your money?

Post by Decimator »

Hoi wrote:
Decimator wrote:Look at it this way, you can brag that you bought a thousand shares of something. One of my co-workers bought a thousand shares of Lehman stock at 30 cents a share. He made 62 dollars. :P
each?^^
No, total. :P
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Machiosabre
Posts: 1474
Joined: 25 Dec 2005, 22:56

Re: What are you doing with your money?

Post by Machiosabre »

I bought a tv! they are slightly cheaper now? I don't know, it doesn't really have anything to do with the crisis.
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Relative
Posts: 1371
Joined: 15 Oct 2006, 13:17

Re: What are you doing with your money?

Post by Relative »

I'm just depositing my money into a high interest savings account.
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Crayfish
Posts: 481
Joined: 12 Feb 2008, 12:39

Re: What are you doing with your money?

Post by Crayfish »

I just invest it in cake. Mmmm, cake.
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SpliFF
Posts: 1224
Joined: 28 Jul 2008, 06:51

Re: What are you doing with your money?

Post by SpliFF »

If years of watching disaster and zombie flicks have taught me anything it's that before a crisis you should invest in:

Antibiotics
Gasoline
Ammunition
Liquor and Cigarettes
Bottled Water
Iron Rations
Bomb Shelters
Pimpable Babes
Axes (for fighting zombies)
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smoth
Posts: 22309
Joined: 13 Jan 2005, 00:46

Re: What are you doing with your money?

Post by smoth »

PLAMO!
Image
Image
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Muzic
Posts: 950
Joined: 09 Aug 2006, 07:08

Re: What are you doing with your money?

Post by Muzic »

Probably by someone something nice.
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Forboding Angel
Evolution RTS Developer
Posts: 14673
Joined: 17 Nov 2005, 02:43

Re: What are you doing with your money?

Post by Forboding Angel »

http://www.google.com/search?hl=en&clie ... tnG=Search

Good stuff. Popped off a couple hundred .22 rounds today. That was rather entertaining.
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Hoi
Posts: 2917
Joined: 13 May 2008, 16:51

Re: What are you doing with your money?

Post by Hoi »

Crayfish wrote:I just invest it in cake. Mmmm, cake.
Investing in cookies is better, cookies will always be here, people need them, but cake, people need les cake.
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Sleksa
Posts: 1604
Joined: 04 Feb 2006, 20:58

Re: What are you doing with your money?

Post by Sleksa »

Im with spliff, there's no better investment than buying a nuclear shelter filled with rations and bottled water / alcohol / guns 'n ammo
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Pressure Line
Posts: 2283
Joined: 21 May 2007, 02:09

Re: What are you doing with your money?

Post by Pressure Line »

i bought a car. its black and kinda sexy.
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jennington
Posts: 68
Joined: 23 Mar 2008, 19:43

Re: What are you doing with your money?

Post by jennington »

Food for munchies :wink:
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Pxtl
Posts: 6112
Joined: 23 Oct 2004, 01:43

Re: What are you doing with your money?

Post by Pxtl »

Sleksa wrote:Im with spliff, there's no better investment than buying a nuclear shelter filled with rations and bottled water / alcohol / guns 'n ammo
Get with the times - the '80s are over. Shelter shouln't be nuke-proof, just very well insulated because you won't be able to afford to heat it.

Also, learn to farm.
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Sleksa
Posts: 1604
Joined: 04 Feb 2006, 20:58

Re: What are you doing with your money?

Post by Sleksa »

Pxtl wrote:
Sleksa wrote:Im with spliff, there's no better investment than buying a nuclear shelter filled with rations and bottled water / alcohol / guns 'n ammo
Get with the times - the '80s are over. Shelter shouln't be nuke-proof, just very well insulated because you won't be able to afford to heat it.

:-(
BaNa
Posts: 1562
Joined: 09 Sep 2007, 21:05

Re: What are you doing with your money?

Post by BaNa »

gold what gold
Last edited by BaNa on 10 Oct 2008, 10:33, edited 1 time in total.
manored
Posts: 3179
Joined: 15 Nov 2006, 00:37

Re: What are you doing with your money?

Post by manored »

What if suddently someone finds out something bad about gold, such as "gold causes cancer"? :)

All my money is stored in a red plastic pig whose head I cracked to be able to take it in and out, I only have R$10,00 right now tough :) (at the moment it is worth like 5 dollars)

My father isnt doing anything desperate with his money like buying gold, but our president said that our country isnt going to suffer from the crisis (I hope he is right) and my father has his money into a governamental bank so it wont go bankrupt.

For those who are gonna buy gold dont forget that you also have to hide it :) making sure as little people as possible know you have it is also a good idea.
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