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so I've just received $8000 credit from the government

Discussion in 'BBS Hangout' started by noize, Jul 20, 2011.

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  1. Northside Storm

    Northside Storm Member

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    Also, I recommend donating a small portion to charity, if you're really not sure what to do with it.
     
    #21 Northside Storm, Jul 20, 2011
  2. Keyser Soze

    Keyser Soze Member

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    stock market
     
    #22 Keyser Soze, Jul 20, 2011
  3. LFE171

    LFE171 Member

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    Go to lake charles. Put it all on black.
     
    #23 LFE171, Jul 20, 2011
  4. macalu

    macalu Member

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    Whatever you do noize, do NOT buy a whole life policy. it's a rip off. just buy term.
     
    #24 macalu, Jul 20, 2011
  5. Uprising

    Uprising Member

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    Buy a Tablet. Instant $100 off till 7/30 at staples. Got the Motorola Xoom for $252. after 2 other discounts. :grin:
     
    #25 Uprising, Jul 20, 2011
  6. Xsatyr

    Xsatyr Member

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    That is not a bad idea, buy some gold seriously. Also I feel sorry for all those people selling their gold to those infomercials.
     
    #26 Xsatyr, Jul 20, 2011
  7. mylilpony

    mylilpony Member

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    unless you find an agent you like

    <iframe width="560" height="349" src="http://www.youtube.com/embed/6EH3Al09pEE" frameborder="0" allowfullscreen></iframe>
     
    #27 mylilpony, Jul 20, 2011
  8. ryan17wagner

    ryan17wagner Member

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    I think it would be a great idea to buy gold and silver bullions. You can invest in 1oz bullions. It will be the best bang for your buck and you'll thank me in five years.
     
    #28 ryan17wagner, Jul 20, 2011
  9. ryan17wagner

    ryan17wagner Member

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    Gold > IRA.
     
    #29 ryan17wagner, Jul 20, 2011
  10. Ricksmith

    Ricksmith Member

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    Explain to me how term is better than whole. This should be good.
     
    #30 Ricksmith, Jul 20, 2011
  11. greenhippos

    greenhippos Member

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    I'll take term because personally I'd much rather pay a whole lot less per month and invest my own money. Or at least go with a company that specializes in investments.
     
    #31 greenhippos, Jul 20, 2011
  12. greenhippos

    greenhippos Member

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    I also strongly believe that any money you put toward life insurance should be used for just that, I wouldn't cash it out at any point.
     
    #32 greenhippos, Jul 20, 2011
  13. rezdawg

    rezdawg Member

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    Buy Bank of America stock...it's at it's 52 week low. Within 1 year, it'll go up 30-40%. That's not a bad return.
     
    #33 rezdawg, Jul 20, 2011
  14. Rockets2K

    Rockets2K Clutch Crew

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    as a home owner for many years now, let me remind you of the fact that when (not If) something goes wrong with the house, you will wish you had just saved that cash in an emergency fund.

    We have had to spend over 6K just on house repairs in the last three months. The drought disrupted both power and water lines. Its not like the house was falling apart, these were repairs that were totally caused by the ground movement due to natural causes.

    Houses are nice to own, till you need to repair. An emergency fund or saving that can be accessed immediately when needed is essential for home owners
     
    #34 Rockets2K, Jul 20, 2011
  15. noize

    noize Member

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    Thanks guys. A lot of great suggestion, but I think I favor this idea the most (excluding the gold). Preparation and the state of my well being is very important.

    I don't know much about IRS investment though to those who mention it.

    The silver is very tempting, maybe better then investing in stock,...need to research this some more.

    Not to concern about life insurance when I have a good and ever increasing $401K plan which we do at my work.

    Again, thanks to all.

     
    #35 noize, Jul 20, 2011
    Last edited: Jul 20, 2011
  16. liljojo

    liljojo Member

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    Offer to help Les with the luxury tax?
     
    #36 liljojo, Jul 20, 2011
  17. Dairy Ashford

    Dairy Ashford Member

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    Got the same thing and I believe you'll have to pay it back over the course of a few years, so I would save it. You could also get some training for a professional certification of some kind, like a CFA or paralegal or what not, or go back to school.
     
    #37 Dairy Ashford, Jul 20, 2011
  18. Jontro

    Jontro Member

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    You should purchase google.com.
     
    #38 Jontro, Jul 20, 2011
  19. Dairy Ashford

    Dairy Ashford Member

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    Maybe read an article or two about BofA's low price and make sure it's not housing or credit related.
     
    #39 Dairy Ashford, Jul 20, 2011
  20. plcmts17

    plcmts17 Member

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    Be happy now - in several years you will be giving it back to Uncle Sam
    on your income tax return. :(
     
    #40 plcmts17, Jul 20, 2011
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