What would you do with $15,000 cash tomorrow?

[hobo-jo]

Go to a casino and put it all on Red

Why not just drop the $15k on Red (ASX), potential for higher return

 

[Temjin]

well..I thought we are not supposed to give advice here? hehe But here is what I would do.

I agree with tech/A, if I had any "bad" debt, I would use repay them completely. A financial planner would have said that the money spent would have generate an after-tax return of whatever interest rate you paid for the debt divided by (1 - your net tax rate). (Yes, I know some of us hate FPs here...but that is a very common advice)

If I don't have any bad debt, I would keep most of them in cash and allocate no more than 25% in gold/silver, preferably physical.

But that's just me.

 

[>Apocalypto<]

My current bank interest is at 3.75%, deduct inflation and tax on interest and we get somewhere near zero or negative - it is not losing badly but it is not ideal. It seems inflation is on the way down, but so are interest rates. It seems this is a better time to be in debt than have spare cash. I am in the process of canvassing options.

I realize there is no best answer, but if you had about that much in a bank account what would you personally do and why?

Any responses are appreciated.

Blow it all on:

A. Cocaine and B Hookers.

 

[Big_Daz]

Blow it all on:

A. Cocaine and B Hookers.

Touche

 

[dalek]

Blow it all on:

A. Cocaine and B Hookers.

You wouldn't be an AFL footballer by any chance ?!?

 

[prawn_86]

You wouldn't be an AFL footballer by any chance ?!?

They just need A. They have enough 'fans' that they dont need to pay for B...