How would you invest $25,000 - Page 2

pduce · 01-29-2008, 09:10 AM

Quote:

Originally Posted by cardsrus1

CD's or a high interest account

Good idea, see if your bank has a sweep account. CD's are really low right now.

cardshopmd · 01-29-2008, 03:22 PM

take the 25k & invest it in your home pay down your mortgage debt your home will always increase in value & the money is there if and when you need it the intrest you save will blow your mind on 25k

Quote:

Originally Posted by tooleman

If you had $25,000 to invest in cases (there's a good chance I will in the next few months), how would you spend it? I'm interested in football, baseball and hockey only.
Your first list should be how you would invest the $25,000 if you were keeping the cases sealed and the second list would be your picks for breaking.
Thanks your help.

Tooleman

Crash1207 · 01-29-2008, 03:42 PM

Quote:

Originally Posted by cardshopmd

take the 25k & invest it in your home pay down your mortgage debt your home will always increase in value & the money is there if and when you need it the intrest you save will blow your mind on 25k

Ding! Ding! Ding!

That's EXACTLY what I would do. As much as I enjoy the hobby, the last thing I would be looking at would be investing $25K in sports cards.

Magicman32 · 01-29-2008, 03:48 PM

I was just in a very similar situation. I paid off two "debts" I had, invested $10,000 into my house and then spent a couple thousand on cards for PC and a few boxes for my upcoming shows. I spread out the amount over different things so that I was able to get some stuff for the habit, make my house better, and relieve a few bills.

sammyw · 01-29-2008, 05:07 PM

Don't throw it away on cardboard. Money market funds and bank cd's will be paying less after rates go down tomorrow ( it will take a bit of time but not much ). Paying off a mortage may not be a good idea depending on your age ( good tax rite off ). Buy single stocks that pay high dividends and will probably appreciate in time since they always do. Some folks live just off dividends and only pay 15% in taxes no less. Win, win. Just my .02

tooleman · 01-29-2008, 06:56 PM

Smart advice guys. Perhaps I'll buy a case or two to satisfy the urge and build up my kids' 529 accounts with the rest.

Vintage Collector · 01-29-2008, 09:03 PM

Quote:

Originally Posted by tooleman

Smart advice guys. Perhaps I'll buy a case or two to satisfy the urge and build up my kids' 529 accounts with the rest.

That or 50 Sealed cases of 07 Bowman Chrome Draft Picks is probable your two best choices.

csun22 · 01-29-2008, 09:32 PM

Invest in the Euro/Yen/English Pound

Actually, I'd invest it with a good finance guy and have him allocate the funds accordingly, heck the $25k could make your house payments for a long time and make a decent amount of money in interest if the finance guy knows what he's doing.

cardshopmd · 01-30-2008, 09:42 AM

your house tax can not always be written off it depends on your tax bracket i cant use mine since we recieve the maximum amount of deductions already we are geting clost to 9500 back from our taxes this year

Quote:

Originally Posted by sammyw

Don't throw it away on cardboard. Money market funds and bank cd's will be paying less after rates go down tomorrow ( it will take a bit of time but not much ). Paying off a mortage may not be a good idea depending on your age ( good tax rite off ). Buy single stocks that pay high dividends and will probably appreciate in time since they always do. Some folks live just off dividends and only pay 15% in taxes no less. Win, win. Just my .02

csun22 · 01-30-2008, 01:14 PM

9500?? Good lord, that's a good amount of interest the government is making on your money

01-29-2008, 03:48 PM	#14 (permalink)
Magicman32 Member Join Date: Jul 2007 Location: Middle of Nowhere Ohio Posts: 281 iTrader: (9 / 100%) Magicman3232	I was just in a very similar situation. I paid off two "debts" I had, invested $10,000 into my house and then spent a couple thousand on cards for PC and a few boxes for my upcoming shows. I spread out the amount over different things so that I was able to get some stuff for the habit, make my house better, and relieve a few bills. __________________ Collecting Bills, A's, Lakers, Sabres, Chavez, Melo, McNabb, Posluszny and any SU Players "Just because you have the ability to speak, does not make you intelligent"

01-29-2008, 06:56 PM	#16 (permalink)
tooleman Member Join Date: Jul 2007 Location: Bethlehem, PA Posts: 223 iTrader: (1 / 100%) powertooles	Smart advice guys. Perhaps I'll buy a case or two to satisfy the urge and build up my kids' 529 accounts with the rest. __________________ "Sometimes you can just smell a horrendously shitty day on the way, can't you? " --Henry (Michael Keaton) in "The Paper."

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01-29-2008, 05:07 PM	#15 (permalink)
sammyw Member Join Date: Jul 2007 Posts: 154 iTrader: (1 / 100%)	Don't throw it away on cardboard. Money market funds and bank cd's will be paying less after rates go down tomorrow ( it will take a bit of time but not much ). Paying off a mortage may not be a good idea depending on your age ( good tax rite off ). Buy single stocks that pay high dividends and will probably appreciate in time since they always do. Some folks live just off dividends and only pay 15% in taxes no less. Win, win. Just my .02

01-29-2008, 09:32 PM	#18 (permalink)
csun22 Member Join Date: Oct 2007 Posts: 996 iTrader: (7 / 100%)	Invest in the Euro/Yen/English Pound Actually, I'd invest it with a good finance guy and have him allocate the funds accordingly, heck the $25k could make your house payments for a long time and make a decent amount of money in interest if the finance guy knows what he's doing.

01-30-2008, 01:14 PM	#20 (permalink)
csun22 Member Join Date: Oct 2007 Posts: 996 iTrader: (7 / 100%)	9500?? Good lord, that's a good amount of interest the government is making on your money