legacycentral bbs

eh so ya i just stumbled across 10 grand my grand mother gave me. she has not passed away, she just wanted to divy it all up and be done with it so i got a nice chunk of change. yay im not totally broke anymore. lol

So.... what mods come next... lol jk

Uh... don't spend it all in one place.

Buy metal and some kind of building material stock (concrete, wood, etc).

If you have credit card debt, pay that off first.

Spend it all in one place FTW! LaForza

Seriously, though. Cars are probably the last thing you'd wanna spend this on. I had some money from my grand mom last year, which I spent largely on my Touring Wagon. Awesome car, not so awesome being just as broke as I was before after going through that much money.

A LaForza! No way, that's awesome in a Members Only kind of way - the off road Yugo with the Biturbo interior.

drunk again i am. i wont spend it all in one place but i have three upgrades that im going to do to my car and thats it.


525 lb pressure plate and solid kevlar disk
kyb agx struts with my ground control springs
invidia N1 race cat back exhaust with an off brand down pipe.


im thinking on buying a b18a1 motor from a friend that we're pulling out of his 91 integra and doing a full rebuild to the bottom end and making a ls-vtec set up with it. selling after its done for $2300. or throwing it in my brother crx. im buying the motor for $200. $2100 dollor profet.

invest it.
find a stock you know something about and think will make money.

Personally, I wouldn't invest anything right now.

Although it's not that big of a deal, my 401k totally bombed last year. I don't feel like digging out the paperwork, but I'm estimating it lost something like $300. It was so puny when the Starlings sold my dealership, that there wasn't enough in it to roll it over, so by default I had to cash it out and pay the taxes on it.

You know what I'm going to do with it? Pay more credit card debt off.

This is from a finance class I took my sophomore year of college: The best investment you will make in your life is to NOT have credit card debt. NOT paying a guaranteed 20% of interest is a much better return than a guaranteed 5% on a CD or something like that.

Your problem is domestic investment. This country is a third-world nation in the making. Our dollar is tied to the value of oil we don't own and the oil trading nations are starting to trade with the Euro instead of the dollar. Carrying no debt is always good. I wish I never bought a house. But assuming you've paid off your cards...

Building materials. China, India, a resurgent Russia, several Middle Eastern countries, as well as the West's constant demand for stuff as simple as wood and concrete are causing demand to skyrocket. I can tell you the price of both have probably tripled in the last few years and the quality (of the wood) has gone to junk at the same time.

Metals. People are going to extreme lengths to steal copper, but precious metals are quickly getting unreasonably expensive. Gold is used extensively in the ever-expanding electronics industry. Platinum and palladium are used extensively in emissions equipment of a high-demand market as well as platinum's popularity in jewelry. I read once that all the gold ever mined wouldn't fill Madison Square Garden. But with gold around $900 and platinum $1500, my recommendation is silver as it's still affordable. Gold and silver have been a standard of currency and a thing of value since man discovered them. Silver was around $15 last I looked.

Oil isn't going anywhere (for a while) either. A friend of mine sold some of his oils stock a couple years ago and bought a Colorado. He then sold the Birkin he built and bought the same amount of stock back. In the couple months, the value of that covered the several thousand more he got for the Birkin. Oil is used in nearly everything you see.

Environmental stocks may require a little more research since the good buys are emerging and who knows which will really make it, but it's another expanding market. Even China is recognizing the need to reduce pollution.

The Euro itself may not be a bad buy, but I'm not sure how much higher it will go. I'd have to do more research on which countries are looking to join the EU (and likely to get in) and how the oil-states Euro switch over is going. I don't think Saudi Arabia will switch anytime soon, but if they do, you're going to see the dollar rival the Rupee and Euro go through the roof unless we're smart enough to find an alternative commodity to tie the value of our currency to (maybe the Euro ha ha! Hello NWO) and reduce the debt attached. But we won't - nobody in government is smart enough. Especially not the ones in finance.

I'm no investment guy, but I follow the market a little and by using common sense and real industries that I understand (you know, companies that actually build stuff, not those internet startups that died off), I've seldom been wrong in the last thirteen years I've been paying attention.

damn central banks during the great depression is what it was, and that roosevelt guy.

hell you could invest in canada if you really wanted to and still make money.

as long as you invest it in something that isn't tied to our currency, you should be ok.

and blueray just took market control over HD so that may be another option.

well im planing on investing it into something, but i have a long time to figure that out so. for now its just going to sit there for a while. the building metrials is a really good idea i liked that one.

if you can, you could put it in a credit union CD.
they have the highest rates.
you could get like 1k a year almost off of that!

Roth IRA.

mmmhmmmm yes sir that too

although the safest place would be buried under your porch

SubaruNation wrote:mmmhmmmm yes sir that too

although the safest place would be buried under your porch

Yeah....but I don't think that porch is going to give a decent interest rate...

Don't buy any stock market in the world. The central banks and investment banks have assisted the biggest credit bubble in history.

It is only early days in a very long and disruptive contraction.

Legacy777 wrote:

SubaruNation wrote:mmmhmmmm yes sir that too

although the safest place would be buried under your porch

Yeah....but I don't think that porch is going to give a decent interest rate...

ha ha yeah but your porch cant take your $ and run with it during a recession.


AEMEN!!!^^^
yay recession!
yay countrywide home loans
thanks bernanke ya **********************

SubaruNation wrote:

Legacy777 wrote:

SubaruNation wrote:mmmhmmmm yes sir that too

although the safest place would be buried under your porch

Yeah....but I don't think that porch is going to give a decent interest rate...

ha ha yeah but your porch cant take your $ and run with it during a recession.


AEMEN!!!^^^
yay recession!
yay countrywide home loans
thanks bernanke ya **********************

No but your currency can lose value due to inflation and you'll have less money to start with.

If you want to save money for long term, the best thing to do is to buy Cash Deposit bonds which make 5% interest, they'll keep your funds around the level of the inflation rate (or just above) so that three years when you need to use that money, you've still got 10 grand adjusted for inflation...etc

If you're worried about the value of your money over a real long period of time (some countries have been known to say "well. currency XYZ isn't valid anymore. here's ABC, we'll use that instead." then the best thing to do is to buy metals, like silver bullion which can be had for about $16 an ounce. precious metals only get more rare, so their price only goes up.

remember when Gold was $40 an ounce back in the 60's and 70's (and the dollar was tied to it)? Well it's $889 an ounce now. Unfortunately it was made illegal to have stocks of gold and everyone had to turn in their gold to the US Treasury in exchange for paper notes (we dropped the gold standard shortly afterwards).

However, if you had 50 ounces back then (about $2000 in gold, which is somewhere around $20,000 USD today) then selling 50 ounces today would net you $44,000 or there abouts. Figure that's a $24,000 profit over 40 years and you've made $600/yr or what.. 1.2% a year? not sure on the math there..

anyway, if you're concerned about the government dumping the dollar: buy metals.
if you're concerned about inflation and the value of your dollar dropping: buy CD's

The good thing about metals is that you can point to them and say, "There's my money." I recommend doing this by yourself since you can't trust anyone. In a few years we may be eating our neighbors (I've already picked out the easy kills). Another good thing about metals is that they'll be worth something almost no matter what happens.

there will probably be a Zombie Apocolypse within ten years, so just spend it!

but ya, don't spend it on the car, it never seems worth it. go with a friend to japan or somewhere you really think would be fun for a MONTH.

I went to japan for March last year and even though I am still paying it off, if someone offered me 20k to take it back (magical memory eraser) I would have to say NO!

Travelling is the best way i have ever used my money. The memories become more valuable with time.

Excellent idea - traveling is never a waste. One thing I hate about owning a house is the lack of money for travel.

I'm not worried about the zombie apocalypse - I have the Zombie Survival Guide, a good cat's paw crow bar, and a machete.

+1 for Zombie Survival Guide

maybe we should all be spending about 3k on a really good katana.....

I put a large chunk of my 401K into Asian and Latin America funds. Volatile as hell, not for the faint of heart... made about 40% last year. And promptly lost 2/3 of it in the last 2 weeks. I wish I had $10K to dump in right now, when prices are low.
If you're going to buy stocks or something, do it now, while prices are depressed.

+1 for travel, always money well spent.
ps fly Continental