What would you do with $25K?

Discussion in 'Coin Chat' started by LawnMower202, Apr 26, 2015.

  1. LawnMower202

    LawnMower202 New Member

    Hiya all. You guys were exceedingly helpful answering my noob questions about a St. Gaudens piece I inherited. FWIW, I've decided to keep it for now, so it's in the SDB.

    Now here's another question I'd like to throw out there for discussion: Suppose someone handed you $25K and said do what you want, as long as it's an investment of some sort. (i.e. you're not gonna buy a fancy Kia with it.)

    You could go get a few shares of, say, Lockheed Martin, and hope their fusion project isn't smoke & mirrors, but that's not particularly interesting nor is it any sort of conversation piece. But what about investing in one or more potentially valuable coins? Not only is there investment potential (and potential loss, too, I know), but it's something interesting to look at, talk about, and show to people.

    Thus the question... You have $25K you weren't counting on, and would like to put it to good use. What would you acquire (and where/how)? One whopper? Five semi-whoppers? Thousands of rolls of wheat pennies? What?
     
    Last edited: Apr 26, 2015
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  3. Seattlite86

    Seattlite86 Outspoken Member

    I'm working on an XF Type Set so I would purchase some of the early KM #s. I could probably get as many of the Draped Bust Silver Coins I could with that price and accept that if this were my purchase, I'd be sleeping on the couch for weeks. :)
     
  4. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    You'd be sleeping in the dog house.........
     
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  5. harris498

    harris498 Accumulator

    I think I would buy a sweet Pattern coin.
     
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  6. Paul M.

    Paul M. Well-Known Member

    I guess I have to be the first to say it: dump it all in a nice index fund.
     
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  7. desertgem

    desertgem Senior Errer Collecktor

    We all have different answers I am sure.
    I would consider using it for down payment on another rental or maybe spend about 20K on 1000 shares each of NLY and TWO stock. I have owned NLY for several years and they averaged about 10% Dividend per year. I would take he remainder and buy the best 1955/55 DDO lincoln I could get.No big bullion buys.
     
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  8. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I'd bide my time, trying to not let the money burn a hole in my pocket, and only buy truly scarce coins, doing so opportunistically.

    The money will last longer, allowing you more time to enjoy each purchase before the next.

    You'll also have more time to ponder your purchases and mistakes made, so as to better learn lessons that so many never would before burning through that amount of money.
     
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  9. ToughCOINS

    ToughCOINS Dealer Member Moderator


    I always wanted to ask DG . . . What is that blue colored stone in your avatar?
     
  10. Soapy Smith

    Soapy Smith New Member

    $2,500 goes to Coins (10% of the amount). - This is the "fun money" portion of the amount.


    The rest ($22,500) gets split up in the following manner:

    35% Large Cap Stocks
    10% Small Cap Stocks
    15% International Stocks
    35% Fixed Income Instruments (bonds, CD's, etc.)
    5% Cash (for when you find some magic beans you must invest in)

    I prefer growth and income stocks in those categories. If you can't afford stocks, then low fee index funds in those categories.
     
  11. Seattlite86

    Seattlite86 Outspoken Member

    FYI, my answer is completely different if you want to know what I'd actually do with the money. I'd invest it in stock and/or use it as part of a down payment for a nice home.
     
  12. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Invest in coins? I'd have a better chance of gaining a seat at the final table of the WSOP or one of the WPT events.

    Chris
     
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  13. rooman9

    rooman9 Lovin Shiny Things

    I would but A) that darn 1930 Aussie penny that I will never be able to afford. and B) probably into stocks and bonds, diversify and then some savings on top of that.
     
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  14. rockyyaknow

    rockyyaknow Well-Known Member

    A large portion would go straight to student loans unfortunately. Would maybe buy a St. Gaudens with some of it.
     
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  15. Bill1517

    Bill1517 Active Member

  16. -jeffB

    -jeffB Greshams LEO Supporter

    Depends a lot on whether that represents a year's income or a month's income, but I'm mostly with @desertgem.
     
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  17. ldhair

    ldhair Clean Supporter

    I would use it as a down payment on another rental property or two. The rental income would pay for some nice coins for years to come.
     
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  18. onecenter

    onecenter Member

    I would use it as part of the downpayment on a home which I am currently in the market for at the moment. In that way I can keep right on buying my coin and stamp goodies without interruption.
     
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  19. ldhair

    ldhair Clean Supporter

    That would be a very wise use of the money.
     
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  20. loopytoad74

    loopytoad74 Active Member

    First.buy my son a new car..second I would use whatever change is left over and convert it all into pennies,lock myself away until all my Whitman folders are complete and then I would start all over again.
     
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  21. Vess1

    Vess1 CT SP VIP Supporter

    If I was given that I'd honestly put it into a new house. If I HAD to invest it in something else I wouldn't send any of it to the stock market. My monthly offering to that racket is already more than enough.
    I'd probably buy some high grade old gold with it. Would love an 1839-O $2.5. Maybe a couple classic heads in high grade. Some Indians. Welp, money's gone. :)
     
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