It's been really interesting talking to folks about what they're thinking on the financial strategy front in this environment so a simple hypothetical for HORT: if you found $50k on the street, what you do with it, besides OP's mom and blow?
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You should be all in on frozen concentrated orange juice. I have a feeling the crop report is going to be very bad (wink emoji).It's been really interesting talking to folks about what they're thinking on the financial strategy front in this environment so a simple hypothetical for HORT: if you found $50k on the street, what you do with it, besides OP's mom and blow?
Dollar cost average monthly into the S&P 500. Probably 1K a month.It's been really interesting talking to folks about what they're thinking on the financial strategy front in this environment so a simple hypothetical for HORT: if you found $50k on the street, what you do with it, besides OP's mom and blow?
Looking good Louis.You should be all in on frozen concentrated orange juice. I have a feeling the crop report is going to be very bad (wink emoji).
With real estate likely returning back to earth and stocks still too influx to say we are at the bottom, I would hold on to it as cash for sometime until after the election and then begin investing in a few diverse stock type mutual funds monthly going for dollar cost average investment like @Bonerfarts suggested. I would also keep in a safe and make small deposits so the IRS has no idea of my windfall.
I would probably start off by paying taxes on it and then turning the rest into the local police station lost and found.
Why would you pay tax on it if turning in to police for lost and found?I would probably start off by paying taxes on it and then turning the rest into the local police station lost and found.
Why would you pay tax on it if turning in to police for lost and found?
Why not return it first, then pay the taxes on it????
Shocker, coming from screen name = MoralI would probably start off by paying taxes on it and then turning the rest into the local police station lost and found.
Well there would be no tax since it isn't income. So, I guess you could say paying 0 tax would be the same as not paying tax.Why wouldn't you?
Why would you pay tax on it if turning in to police for lost and found?
Well there would be no tax since it isn't income. So, I guess you could say paying 0 tax would be the same as not paying tax.
If you're going to turn it in why would you be paying any taxes on it?,... derp.
Well there would be no tax since it isn't income. So, I guess you could say paying 0 tax would be the same as not paying tax.
I want to believe he was joking.
With real estate likely returning back to earth and stocks still too influx to say we are at the bottom, I would hold on to it as cash for sometime until after the election and then begin investing in a few diverse stock type mutual funds monthly going for dollar cost average investment like @Bonerfarts suggested. I would also keep in a safe and make small deposits so the IRS has no idea of my windfall.
It can be done ... even in a down market.Plenty of actual experts are making money and plenty are losing in this dip/downturn/slide to a new bottom.
Wonder how much is actual knowledge vs luck.
I'd just invest in plastics.
couple killjoys have entered the thread
…turning the rest into the local police station lost and found.
But did you pay taxes on it?I did this with a $20 bill I found.
Then retrieved it 30 days later.
BPOTYOP's Wife and Blow.
gotta pay for my student loans.Why would you pay tax on it if turning in to police for lost and found?
Well there would be no tax since it isn't income. So, I guess you could say paying 0 tax would be the same as not paying tax.