What would you do with $25K?

We follow the Dave Ramsey plan. Basically pay off debts if you have any. We don't, so it would just be added to retirement account/ savings account.

 

Log in or Sign up to hide this ad.

Invest in a 'recreation' or 'medical' business in Colorado. Huge ROI

 

On the serious side.i lost my wife and she was only 34,so one thing I did learn was life can be too short,so whatever you have or don't have,just enjoy it and smile...
I still like the penny idea though.[emoji2]

 

Most of it would go into a 529 account, as #2 starts college this fall (University of Illinois, Mechanical Engineering). Some would go for an attractive Dahlonega $5 in XF-AU.

 

$5,000 in gold, $15,000 in silver, and spend $5,000 on an early Silver Dollar or a nicer Double Eagle

 

25% gold 25% silver, 25% on your favorite coins, put the last 25% in the bank for a rainy day.

 

you have not told us if all your debt is paid off ????

 

As others have said....stock market. I would probably just keep it simple in a low cost S&P 500 index fund. Then in 20yrs I will take 10% of the return and buy every coin I covet right now. Purely my prediction but I see coins going the way of stamps, baseball cards and beanie babies. Lots of coins will be inherited and sold in the next 20 years and they will likely flood a market with little interest. That's when I'll buy them again as a hobby like I pay green fees in golf. Not as an investment but an enjoyment.

 

Real Estate always real estate.

 

Mexican War of Independence Mint Stamp/Validation Stamp Issues and Insurgent Issues in Silver. No Copper Morelos SUDS.

MS65 Cap and Ray Dollars.

BOOM!


JPL

 

I could take 5k and invest it in certain stocks I know I will profit on. But I'm a coin collector so I would purchase certain type coins to finish my set that I can't afford right now. I need a MS 1932D Wash. quarter. I'd buy some old Gold and the rest in Silver bullion.

 

Sorry to hear of that. I can't imagine my life without Angelina..........

 

Thankyou.even though 25k would be nice,it wouldnt buy me what I want back.So if there's a coin or something out there you really want...you just gotta go get it or if you have it..then hold on to it tight.[emoji106]

 

Put it all to win on Materiality at 12:1 in Saturdays Kentucky Derby.

 

I would give it to my mother so that she can remain in her house during her golden years and not have to move into a smaller condo or an apartment.

 

I would put it towards one of these

 

I won't invest in anything else. If you do it right it will pay you for the rest of your life. It pays for every toy (coin) I buy.

 

1. Pay 10% to God. ($2,500)

2. Buy my wife a nice gift ($2,000)

3. Pay the balance on my (2) Platinum cards ($5,000)

4. Put money in the savings ($5,000)

5. Put money in both my kids trust fund ($2,500 each x 2= $5,000)

5. Spend the rest on silver and gold ($5,500)

6. Smile

 

I was reading through this thread - actually wondering if the things that you are all planning are actually what you'd end up doing.

Then I read:

...and this is so true. But.

A couple of years ago I took early retirement with a lump sum of cash. Put the cash into savings bonds (actually ISA and Bonds) and never touched a penny and restarted working almost immediately. Sometime I wish I could enjoy the extra money in the knowledge that almost inevitably someone else will enjoy it after I snuff if I don't. Having never been a storekeeper, I really understand their mentality. If you let it out the door and don't replace it, your store will be empty and you may not always know where the next bit comes from!

 

My father, who recently passed and went to be with my mom, used to tell me...”You should always save a little, but spend some of it along your journey in life. If all you do is save; then by the time you reach the age to spend it you will be too old to enjoy it or no one is around anymore to share it with. I am not saying that this relates to your particular case, but I understand what you are saying. I remember an older coin collector I respected once told me that "we are just the caretakers of the coins we collect; until someone else becomes the caretaker". Personally, I save a little and then do things with my family so I have the memories that we will share for a lifetime. This is just my humble opinion. Thank you and enjoy what remains of your day.