What would you do with $500,000?

[Garpal Gumnut]

Well ****, what if hypothetically 250k was available to be pulled out of the market in august and 200k had another 2years left (note there is a 50k early exit fee on both sums) with an investment company that was rock solid and did not lose anyones money even during the GFC(just lowered return rates)?

Just hypothetically of course, my good man.

Sorry fb,

You are working on the basis that if a pretty girl lands in your bed, you must make a conversation with her.

Delayed gratification can be more sublime.

gg

 

[ferretbiter]

Sorry fb,

You are working on the basis that if a pretty girl lands in your bed, you must make a conversation with her.

Delayed gratification can be more sublime.

gg

If a pretty girl lands in my bed, then my job is done, no words need to be spoken.

But in all seriousness, would staying in that fund screw this hypothetical person over?keeping in mind if this person loses everything they have nothing to fall back on, no parents,family, nothing?

 

[Caveman]

At 20 buy a house then go on the dole I guess.
At 40 and if allready own a house,buy a holiday house in the southwest and spend whats leftover on shares or a boat.

 

[ferretbiter]

At 20 buy a house then go on the dole I guess.
At 40 and if allready own a house,buy a holiday house in the southwest and spend whats leftover on shares or a boat.

What if you want more then that, say enough financial independence to beat inflation and retire forever and have enough money to travel + an 80 grand car?

 

[Caveman]

Win Lotto

 

[Garpal Gumnut]

If a pretty girl lands in my bed, then my job is done, no words need to be spoken.

But in all seriousness, would staying in that fund screw this hypothetical person over?keeping in mind if this person loses everything they have nothing to fall back on, no parents,family, nothing?

What if...the fund goes broke.

gg

 

[ferretbiter]

Win Lotto

Hmmm $500,000 in lotto tickets.....might just be bat**** crazy enough to work!To the newsagents!

 

[Caveman]

Im saying you will probably need to win lotto for what you want.

 

[ferretbiter]

What if...the fund goes broke.

gg

Then I hang myself using wrapped up statements of my bank account.

But seriously I don't know what I would do, but there is risk in everything with money, including chucking it under my bed, but where is the best risk versus reward in the current market?

 

[Garpal Gumnut]

Then I hang myself using wrapped up statements of my bank account.

But seriously I don't know what I would do, but there is risk in everything with money, including chucking it under my bed, but where is the best risk versus reward in the current market?

The present market is a dead parrot.

Look at poor ole hangeng on the PEN thread.

It's a past market, deceased, gorne, gorne to meet it's maker.

gg

 

[ferretbiter]

Im saying you will probably need to win lotto for what you want.

I know what you are saying but If i had 1.2 million then I guarantee If i put it in a fund generating 6% returns per year then I think I would have enough for all I just posted.Just getting that 1.2 million is all I care about.

 

[Julia]

ferretbiter, amongst almost three pages of exchange, there seems little in the way of genuine comment. Maybe too many of us have time on our hands on a Sunday evening.

Considering your frequent references to a managed fund, I'm getting the impression this is the way you feel inclined to go?

MFs certainly reduce your personal sense of responsibility for the outcome of your investment. Is that what you're looking for?
If you have a specific fund in mind, what are the features that attract you to this fund?
How much will the fees impact your returns?

Should you, perhaps, be considering Garpal Gumnut's suggestion that the market is all but done for a while?

i.e. what are your own views about the various possibilities open to you (or the hypothetical person in your post.)

 

[Sdajii]

Take it to your nearest casino, put it all on red, then put $200,000 on black and you're done If that goes well, which is reasonably likely, next you can learn about inflation

 

[ferretbiter]

The present market is a dead parrot.

Look at poor ole hangeng on the PEN thread.

It's a past market, deceased, gorne, gorne to meet it's maker.

gg

The market is currently pining for the fjords? ****
Oh and btw bought in on PEN at 0.110 with 4k.Cannot stop cringing at what I did, Set buy in that morning before opening knowing the price was going to go ballistic, went to work, came home to find the price went down to 0.078, I set my buy in at 0.075, panicked and hit the buy at market.The rest is unfortunately history.Uhhh buy and hold anyone?

 

[ginar]

I know what you are saying but If i had 1.2 million then I guarantee If i put it in a fund generating 6% returns per year then I think I would have enough for all I just posted.Just getting that 1.2 million is all I care about.

inflation adjusted and your income will be below poverty line before you know it . to maintain that 6% return ad nauseum you need 6% plus the inflation rate to stay on an even keel . welcome to the real world 20yo dreamer

 

[ferretbiter]

ferretbiter, amongst almost three pages of exchange, there seems little in the way of genuine comment. Maybe too many of us have time on our hands on a Sunday evening.

Considering your frequent references to a managed fund, I'm getting the impression this is the way you feel inclined to go?

MFs certainly reduce your personal sense of responsibility for the outcome of your investment. Is that what you're looking for?
If you have a specific fund in mind, what are the features that attract you to this fund?
How much will the fees impact your returns?

Should you, perhaps, be considering Garpal Gumnut's suggestion that the market is all but done for a while?

i.e. what are your own views about the various possibilities open to you (or the hypothetical person in your post.)

Unfortunately not much leanings towards this managed fund, but know of little else, uncle was with the fund for 30 years and has treated him very well, no ongoing fees, just relatively low rates 6.99% at the moment, didn't lose any ones money during the GFC, has a local branch,treated my father well before he passed away, gave me a special rate of 7.32% because of my circumstances.

But I plan on leaving half with them and putting some into getting an Interest only loan and buying a unit/house to rent out someone on the outskirts of Perth/brissie, the rest into an index fund and aussie stocks.

Just finished reading rich dad,poor dad yesterday, now reading "making money" by paul clitheroe (from 2007 so his predictions of the current market are completely wrong) because I found them in my dads old bookcase.Going to read "value-able next".

So 10% returns per annum+ are the only way to stay atop of inflation?Dear god.

 

[Garpal Gumnut]

The market is currently pining for the fjords? ****
Oh and btw bought in on PEN at 0.110 with 4k.Cannot stop cringing at what I did, Set buy in that morning before opening knowing the price was going to go ballistic, went to work, came home to find the price went down to 0.078, I set my buy in at 0.075, panicked and hit the buy at market.The rest is unfortunately history.Uhhh buy and hold anyone?

We have all been there, at least you have the maturity as a trader/investor to recognise and learn from it.

The present market is tired out and shagged after a long squawk.

Now back to the fjords.




gg

 

[ferretbiter]

inflation adjusted and your income will be below poverty line before you know it . to maintain that 6% return ad nauseum you need 6% plus the inflation rate to stay on an even keel . welcome to the real world 20yo dreamer

Actually I just realised after a house and car I would only need 600,000.To live happily, hmmm still a long shot, but still possible.

 

[ferretbiter]

We have all been there, at least you have the maturity as a trader/investor to recognise and learn from it.

The present market is tired out and shagged after a long squawk.

Now back to the fjords.




gg

Still one of the best skits of all time, but back on topic.

That was the day I learnt how much my emotions could control my investments, since then I have been trying to remove all emotions from my decisions. market or not.Its been going a little bit better.Im still taking a bit too much risk IMO (opted out of buying BHP for buying RED(even if RED's fundamentals look good.))

Thanks for all the help guys and gals, I shall be back on tomorrow to have my dreams crushed, then hopes raised before being crushed and burnt once more.Goodnight.

 

[stacks]

Unfortunately not much leanings towards this managed fund, but know of little else, uncle was with the fund for 30 years and has treated him very well, no ongoing fees, just relatively low rates 6.99% at the moment, didn't lose any ones money during the GFC, has a local branch,treated my father well before he passed away, gave me a special rate of 7.32% because of my circumstances.

But I plan on leaving half with them and putting some into getting an Interest only loan and buying a unit/house to rent out someone on the outskirts of Perth/brissie, the rest into an index fund and aussie stocks.

Just finished reading rich dad,poor dad yesterday, now reading "making money" by paul clitheroe (from 2007 so his predictions of the current market are completely wrong) because I found them in my dads old bookcase.Going to read "value-able next".

So 10% returns per annum+ are the only way to stay atop of inflation?Dear god.

Do you plan on leveraging into RE on the outskirts of Perth and Brissie??? Have you seen the latest sales figures for these two cities??

I would probably skip this step for now or at least postpone it until you actually do some research into this idea