Finances

**McAlpine** · 03-03-2014 07:11 PM

Hey,

I'm curious on what people do with their money, I know its none of my business but, Where do you put your money? How do you save your money? Investments, your good and your bad.

Just figured I could learn a thing or two from some established adults.

**CONTROL ONE** · 03-03-2014 07:12 PM

Bitcoin.

**$4c@b** · 03-03-2014 07:19 PM

I invested in a bridge

**OverSpun** · 03-03-2014 07:20 PM

100% in car mods and race fuel.

Posted from my iPhone.

**1997gtx** · 03-03-2014 07:21 PM

I give it to my wife so she can buy shoes.

**ericw.** · 03-03-2014 07:29 PM

I got a fortune cookie that said "your best investment is in yourself", so naturally i invested everything into alcohol blow and hookers.

...Currently I let ING handle my retirement.

**Slow4** · 03-03-2014 07:30 PM

Originally Posted by 1997gtx

I give it to my wife so she can buy shoes.

That's very Democratic of you, stimulus package?

Haha.

Traditional IRA and savings, also a tin can in my parents backyard.

**VAG_4ever** · 03-03-2014 08:14 PM

We use a combo of savings acct, IRA, and CDs. We also have some corporate bonds. We invested in 529, but that's not really "ours" part of the savings allotment though.

**Voltrons_Head** · 03-04-2014 03:23 AM

Beanie Babies and rare Cabbage Patch dolls.

**Voltrons_Head** · 03-04-2014 04:53 AM

Put your money in a company sponsored retirement account and fund a Roth IRA with any extra money you have left over. Even modest amounts of money regularly invested in your 20s can put you way ahead as you get older.

**Tropicgreena4** · 03-04-2014 04:59 AM

asteroid mining

**SugarTTRS** · 03-04-2014 06:19 AM

this is where i put my money

**beemercer** · 03-04-2014 07:04 AM

ammo

**martianbooby** · 03-04-2014 07:07 AM

i usually invest in cocain, but as of lately my portfolio is mostly that horse

**SugarTTRS** · 03-04-2014 07:57 AM

poor dude.....OP's just looking for a straight answer, but instead he gets GCC'd

**helix139** · 03-04-2014 07:59 AM

401(k), traditional brokerage account, ESPP account, and a significant store of 5.56x45mm, .223 remington, 9mm luger, and .40S&W.

**marty was here** · 03-04-2014 08:19 AM

real estate

**Phrost** · 03-04-2014 08:21 AM

I put 6% into a company-matched 401k, the rest goes into checking/savings with very little interest generated.

I have a lot of bills (good debt) but my disposable income allows me to do whatever (impulse buys, restaurants) and be comfortable. But I don't make enough to save any more or go crazy buying crap. But I'm a firm believer in enjoying life while you can and not being miserable pinching pennies.

When I have a kid I will start a college fund (20-30k FV over 18 years). Gerber life plan or something? Not sure yet

If I somehow start making more money I'll probably just hold onto it short term and save it to buy a better house.

If something bad happens, I can easily lean out my useless spending and cover bills. Also no credit card debt, thankfully.

When I'm 40 I'll probably revisit my retirement situation and start investing that differently. Roth IRA, low risk accounts. I just want to have a house paid-off before I'm 50

**SugarTTRS** · 03-04-2014 08:23 AM

^hey baby!

**adub** · 03-04-2014 09:39 AM

Originally Posted by Voltrons_Head

Put your money in a company sponsored retirement account and fund a Roth IRA with any extra money you have left over. Even modest amounts of money regularly invested in your 20s can put you way ahead as you get older.

This..

I play the stock market, buy real estate and wait for the trust fund.

**Slow4** · 03-04-2014 09:45 AM

Originally Posted by adub

wait for the trust fund.

Not sure how to ask this without sounding ignorant but do these trust funds transfer to you in lump sum or do you have a monthly allotment distributed to you so you don't pull a Vince Young and eat it away?

**adub** · 03-04-2014 10:42 AM

Originally Posted by Slow4

Not sure how to ask this without sounding ignorant but do these trust funds transfer to you in lump sum or do you have a monthly allotment distributed to you so you don't pull a Vince Young and eat it away?

No clue... all my relatives are alive. Both sets of grandparents are healthy and living like rockstars.

**rjpeaks** · 03-04-2014 10:54 AM

income property

thats now for sale.

**SugarTTRS** · 03-04-2014 10:55 AM

real estate is not the investment it once was unless you're in a really really desirable location.

**rjpeaks** · 03-04-2014 11:07 AM

we will make money

**rjpeaks** · 03-04-2014 11:10 AM

i just need the headache that goes along with it

to go away

**n7plus1** · 03-04-2014 11:12 AM

with what little is left, i put into our house for upgrades, etc...or to fix shit in the house that breaks.

**rjpeaks** · 03-04-2014 03:02 PM

nate - the boy is so cute man. such a good time....goes quik.

we got an offer today on the tri plex.

**Phrost** · 03-04-2014 03:23 PM

Hi Sugar, I miss you :)

Originally Posted by SugarTTRS

real estate is not the investment it once was unless you're in a really really desirable location.

True. With rental properties around me for sale, there really isn't much of a profit... and the liability of damage or being vacant outweigh the benefits. But some get lucky!

I am shopping around to buy another piece of property to build on in the future. Taxes are low with no improvements on a lot, and once paid off it's an asset that can be used as collateral. And the $40-50k won't be absorbed in my next mortgage when I do build on it ;)

**rjpeaks** · 03-04-2014 03:28 PM

well - i am about to clear six digits worth.

bought in the 5's. selling in the high 7's.

^^ did you say 40-50K? i'll come and buy one too.

maybe 2.

any mtns around?

**S4jet** · 03-04-2014 03:36 PM

Penny stocks and mlm campaigns

**Voltrons_Head** · 03-04-2014 03:43 PM

mmorpg rare item sales

**rjpeaks** · 03-04-2014 03:45 PM

vending machines!

**rjpeaks** · 03-04-2014 03:45 PM

and of course rare bakugans

**SugarTTRS** · 03-04-2014 03:46 PM

i have a bunch of gold coins i dug up in my back yard.

**S4jet** · 03-04-2014 03:49 PM

I recently came across a fool-proof method that guarantees winning the lottery within 1 year. I'll sell it to you if you're interested.

**doobiesdaddy** · 03-04-2014 04:53 PM

Originally Posted by SugarTTRS

real estate is not the investment it once was unless you're in a really really desirable location.

:)

**martianbooby** · 03-04-2014 05:48 PM

Originally Posted by SugarTTRS

real estate is not the investment it once was unless you're in a really really desirable location.

that is jsut not true
a rowhome in baltimore city (yes its not a desirable location at all) can be acquired for about 50-70k after total rehab (splitting it to two units) each rents out for ~1200

**CONTROL ONE** · 03-04-2014 05:49 PM

It's funny as even the people who are trying to be helpful won't help him at all as he's Canadian. Different investment vehicles.

To the OP, try to start out by maxing out your TFSA every year, any more put into an RRSP for future. A TFSA will give you tax-free shelter to grow your money in and it allows you to take back out without any tax implications.

**SugarTTRS** · 03-04-2014 05:52 PM

Originally Posted by CONTROL ONE

It's funny as even the people who are trying to be helpful won't help him at all as he's Canadian. Different investment vehicles.

To the OP, try to start out by maxing out your TFSA every year, any more put into an RRSP for future. A TFSA will give you tax-free shelter to grow your money in and it allows you to take back out without any tax implications.

don't forget the DSPA or the BPLR!

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