What to do with Cash

[rcw1]

For what that costs you could buy 20 greyhounds and have one race every night, a lot more fun.

A Million dollar race coming up in Sydney in two weeks, probably be won by a pup that cost $5,000 or less to buy, good odds

Good evening
George Main Stakes 17 September - Anamoe ?? Nominations published 12 September

Kind regards
rcw1

 

[rcw1]

More through good luck than skill I am in the position where I have too much cash in AUD as opposed to Stocks and Property.

Most of it is readily available.

What do ASF members in a similar situation plan as strategies for short, medium and long term?

I didn't win Powerball btw., but expect to on Thursday which will aggravate my dilemma.

I'm happy and comfortable, few needs, will travel os but not this year, dislike banks intensely understanding they are a necessary evil, don't want to buy property and my family are not in penury. I have no debts and enjoy playing with stocks in a small trading account and most of my assets are in a reasonable SMSF. I give my fair share to charity and don't expect to live for more than 20 years more going on my ancestors, the last 3-5 in Lala Land. If there is a heaven I will ask for a recount should I not get in and don't fear death.

I do have a plan but would be interested in other ASF members' thoughts.

gg

Good evening Garpal Gumnut
Interesting country, flat as but, Cubbie Station way...

Strategies for short, medium and long term:
Gold
Gold
Gold



Have a very nice evening.

Kind regards
rcw1

 

[Value Collector]

Help the economy.
Spend, spend , spend.

Or

Lend, Lend, Lend (wisely), will also help the economy.

 

[finicky]

Sold my Dacian (DCN) holding today for a massive capital loss but still harvested over 7 grand in cash. More proof, as if I needed it, that investing in gold mining/developing companies is not an investment in gold. Looking for more ways of adding to cash. Maybe sell my remaining KCN or trim CHN. Because lately the only assets that I draw reassurance from are cash and precious metals.
In case you didn't notice, the theme of this post is the desirability of cash

 

[wayneL]

Move to WA. WayneL will help you spend your money.

Hey yeah, I can show you the best negative expectancy on the planet

 

[Sean K]

Sold my Dacian (DCN) holding today for a massive capital loss but still harvested over 7 grand in cash. More proof, as if I needed it, that investing in gold mining/developing companies is not an investment in gold. Looking for more ways of adding to cash. Maybe sell my remaining KCN or trim CHN. Because lately the only assets that I draw reassurance from are cash and precious metals.
In case you didn't notice, the theme of this post is the desirability of cash

I thought you would have been deploying cash at these levels after you were well prepared for the 2021-2 crash.

 

[finicky]

.. after you were well prepared for the 2021-2 crash.

I was, but not now really.
And even less when I pay my fy22 cgt bill for selling chunks of CHN and CDA

 

[Dona Ferentes]

More through good luck than skill I am in the position where I have too much cash in AUD as opposed to Stocks and Property.

Most of it is readily available.

What do ASF members in a similar situation plan as strategies for short, medium and long term?

I didn't win Powerball btw., but expect to on Thursday which will aggravate my dilemma.

I'm happy and comfortable, few needs, will travel os but not this year, dislike banks intensely understanding they are a necessary evil, don't want to buy property and my family are not in penury. I have no debts and enjoy playing with stocks in a small trading account and most of my assets are in a reasonable SMSF. I give my fair share to charity and don't expect to live for more than 20 years more going on my ancestors, the last 3-5 in Lala Land. If there is a heaven I will ask for a recount should I not get in and don't fear death.

Without being too specific, did you achieve a desired/ satisfactory outcome? Is the cash safely parked or otherwise converted?

I do have a plan but would be interested in other ASF members' thoughts.

gg

Reading through the thread, it would be fair to say that member's thoughts were scattered far and wide.

 

[UMike]

Buying Property atm.

Can always pull out the excess cash after the market crashes.

 

[Sean K]

Buying Property atm.

Can always pull out the excess cash after the market crashes.

I was about to sell a place to put it in the market but maybe the better play is to use cash to buy property. Or, a three pronged approach might be best in this environment. Maybe best to do what you understand and are good at. I’ve just limited my investment options to very little.

 

[Gringotts Bank]

My Brother who has a good stash took it all out in cash today.. reckons great opportunities coming but under the mattrees for now. No Shares held but thinks the banks could go broke.

Debit Suisse might. News today isn't good.

 

[Gringotts Bank]

More through good luck than skill I am in the position where I have too much cash in AUD as opposed to Stocks and Property.

Most of it is readily available.

What do ASF members in a similar situation plan as strategies for short, medium and long term?

I didn't win Powerball btw., but expect to on Thursday which will aggravate my dilemma.

I'm happy and comfortable, few needs, will travel os but not this year, dislike banks intensely understanding they are a necessary evil, don't want to buy property and my family are not in penury. I have no debts and enjoy playing with stocks in a small trading account and most of my assets are in a reasonable SMSF. I give my fair share to charity and don't expect to live for more than 20 years more going on my ancestors, the last 3-5 in Lala Land. If there is a heaven I will ask for a recount should I not get in and don't fear death.

I do have a plan but would be interested in other ASF members' thoughts.

gg

Would you be interested in funding traders on ASF?

If you forward me $1M, I can guarantee you some fun watching me trade, and I will try to get you some sort of return on your investment in the next 12 mo.

 

[Garpal Gumnut]

Would you be interested in funding traders on ASF?

If you forward me $1M, I can guarantee you some fun watching me trade, and I will try to get you some sort of return on your investment in the next 12 mo.

Thanks @Gringotts Bank for the very kind offer. I am overwhelmed with emotion at your unexpected communication.

However ...

I do get much fun watching myself trade and any more fun may be too much to bear.

To quote Tallulah Bankhead

“I'll come and make love to you at five o'clock. If I'm late start without me.”

gg