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#12 (permalink) | |
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Member
Join Date: Oct 2007
Location: Baltimore ( home of the 5 x MISL Champion Baltimore Blast )
Posts: 480
iTrader: (0 / 0%)
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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
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#13 (permalink) | |
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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. __________________ Dusty I collect Justin Morneau NeedMoMorneau.com |
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#14 (permalink) |
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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" |
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#15 (permalink) |
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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
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#16 (permalink) |
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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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#17 (permalink) | |
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![]() __________________ Vintage Collector's Ebay ID is - Mitcards Looking for Phil Hughes 2007 UD BLACK Lustrous Auto #/10! pm me. ![]() Also Collect all Vintage Cards, Poor to Pristine! |
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#18 (permalink) |
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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. |
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#19 (permalink) | |
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Member
Join Date: Oct 2007
Location: Baltimore ( home of the 5 x MISL Champion Baltimore Blast )
Posts: 480
iTrader: (0 / 0%)
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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
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