What to do with Cash

macca said:

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

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Garpal Gumnut said:

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

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SirRumpole said:

Help the economy.
Spend, spend , spend.

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SirRumpole said:

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

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finicky said:

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

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Sean K said:

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

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Garpal Gumnut said:

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.

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Garpal Gumnut said:

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

gg

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UMike said:

Buying Property atm.

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

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explod said:

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.

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Garpal Gumnut said:

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

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Gringotts Bank said:

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.

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

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