$10,000 question

mike92694

I am probably going with the coin.

The bank that has the CD has pissed me off. I have gone in circles for 5 minutes pressing buttons, and they won't let me press "0" for operator.

It is time to pull my funds out of this bank and buy myself a nice coin.

gecko109

Is this 10k from my savings? Or 10k that I found in a paper bag on the curb?

mike92694

<< <i>Is this 10k from my savings? Or 10k that I found in a paper bag on the curb? >>




It is from your savings.

bstat1020

Put it in the 5% CD and use the $500 to buy a nice coin. And then do it again!

gecko109

<< <i>

<< <i>Is this 10k from my savings? Or 10k that I found in a paper bag on the curb? >>




It is from your savings. >>



Well thats easy...its still in my savings, isnt it?...LOL

mike92694

<< <i>

<< <i>

<< <i>Is this 10k from my savings? Or 10k that I found in a paper bag on the curb? >>




It is from your savings. >>



Well thats easy...its still in my savings, isnt it?...LOL >>



Let me clarify to the $10,000 consists of accumulated gifts from previous years that were put into savings.

thezookrew

Neither- I am more into the risk of the stock market. I think 5% is not worth it and coins may or may not make my retirement. That being said, I would put $4000 in a Roth IRA (depending on YOUR age) invested in a broad large or mid cap fund and the rest I would find a good no load diverse mutual fund to invest in.

Perry

mike92694

<< <i>Neither- I am more into the risk of the stock market. I think 5% is not worth it and coins may or may not make my retirement. That being said, I would put $4000 in a Roth IRA (depending on YOUR age) invested in a broad large or mid cap fund and the rest I would find a good no load diverse mutual fund to invest in.

Perry[/q

Hmm.

Those were the only two choices. I have enough in the stock market.

gecko109

<< <i>

<< <i>

<< <i>

<< <i>Is this 10k from my savings? Or 10k that I found in a paper bag on the curb? >>




It is from your savings. >>



Well thats easy...its still in my savings, isnt it?...LOL >>



Let me clarify to the $10,000 consists of accumulated gifts from previous years that were put into savings. >>




Now you are confusing me. If it is 10k that I didnt have yesterday, but got it today from an instant lotto ticket, or an inheritance from a dead grandparent, I spend it on a nice coin or 2. If its the 10k sitting in my bank account right now, I keep it there.

thezookrew

OK, then I would go for the coin(s). If I am set for the long term with a good diversified portfolio I would use the money for something I enjoyed!

Perry

mike92694

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>Is this 10k from my savings? Or 10k that I found in a paper bag on the curb? >>




It is from your savings. >>



Well thats easy...its still in my savings, isnt it?...LOL >>



Let me clarify to the $10,000 consists of accumulated gifts from previous years that were put into savings. >>




Now you are confusing me. If it is 10k that I didnt have yesterday, but got it today from an instant lotto ticket, or an inheritance from a dead grandparent, I spend it on a nice coin or 2. If its the 10k sitting in my bank account right now, I keep it there. >>



Well, it's $10,000 from "prosperous relatives" that you have managed to save. The CD Term matures next week, and you have a choice of either to renew the CD or spend on coins.

Musky1011

put 2000 in roth IRA

Put 2000 in regular IRA

Put 2000 in Coca Cola stock- Join DRIP and leave it there forever

Put 2000 in Wells Fargo Stock-Join DRIP and leave it there forever

Put 2000 into any coin you would like to have

mike92694

<< <i>put 2000 in roth IRA

Put 2000 in regular IRA

Put 2000 in Coca Cola stock- Join DRIP and leave it there forever

Put 2000 in Wells Fargo Stock-Join DRIP and leave it there forever

Put 2000 into any coin you would like to have >>



I don't have any real benefits to a regular IRA.

I don't like Wells Fargo. I find their customer service to be slow and inefficient.