Urban planning community | #theplannerlife

+ Reply to thread
Results 1 to 7 of 7

Thread: Post-bust short-term investment tips, anyone?

  1. #1
    Cyburbia Administrator Dan's avatar
    Registered
    Mar 1996
    Location
    Upstate New York
    Posts
    14,737
    Blog entries
    3

    Post-bust short-term investment tips, anyone?

    You know, it would ahve been so much easier in 1997 or 1998.

    Anyhow, yesterday I got a big healthy check, containing my down payment and equity on the old house in Florida.

    I plan on buying a house here in the KC area in October or November. In the meantime, I have to put that check someplace safe. (Granted, a few thou will probably be going to Jennifer Covertibles for some new living room furniture, but the rest will be banked.)

    I'm not content to let a healthy pile of dough earn 1% interest in some money market account. I was thinking about 75% bank/25% blue chip old school stocks (Ford, GE, etc), but I'd like to know what you think. So ... any advice that doesn't involve tech stocks, Indian gaming, Powerball or personal loans to dear, dear friends?
    Growth for growth's sake is the ideology of the cancer cell. -- Edward Abbey

  2. #2
    Corn Burning Fool giff57's avatar
    Registered
    Jul 1998
    Location
    On the Mother River
    Posts
    4,693

    Re: Post-bust short-term investment tips, anyone?

    Originally posted by Dan
    or personal loans to dear, dear friends?

    Crap!

  3. #3
    Cyburbian el Guapo's avatar
    Registered
    Oct 2001
    Location
    Samsara
    Posts
    5,074

    Just an idea

    I have a plan where all you have to do is fly steady at low altitude. Get some practice on the simulator. I'll do the take off and landings. Can you work a flare gun and run a radar detector? You'll need to start going to the tanning both now. I'll tell you where to meet in a PM. Pack real light - we will either be gone 3 days or 30 years. Either way we are set for life! Whoo hoo.

  4. #4
    Cyburbian Cardinal's avatar
    Registered
    Aug 2001
    Location
    The Cheese State
    Posts
    10,069
    I just stuck a big chunk of money into a money market at 1%. Though I plan to buy before you, maybe in April to June, I would still recommend the conservative approach. Even the old blue chips are subject to a lot of volatility right now, especially with the potential of a war in Iraq and civil unrest in Venezuela. If gas shot up to $2.50-$3.00 per gallon, what would happen to gas-hungry car and SUV sales? Retail stocks are definitely a bad buy right now, and of course, you already commented on tech stocks. Some mid-cap manufacturers have potential, but you would have to do your homework to pick them. Ironically, I did alright with a commodities (usually risky) mutual fund last year.

  5. #5
    Cyburbian Jen's avatar
    Registered
    Aug 2001
    Location
    MI
    Posts
    1,477
    GO to treasury direct.gov (dept of public debt) where you can buy and sell treasury bills and bonds. Create an online account and direct deposit from your bank.

  6. #6
    maudit anglais
    Registered
    May 1997
    Location
    Odd-a-wah
    Posts
    6,589
    Invest in Clonaid!

  7. #7
    Cyburbian statler's avatar
    Registered
    Jul 2002
    Location
    Boston Area
    Posts
    450
    Hey I got an email about this guy from Nigeria who needs to dump a bunch of money real quick. No really. It sounds like a great deal I just don't have the upfront money.
    "So, if a city has a personality, maybe it also has a soul. Maybe it dreams." -Gaiman
    ArchBoston

+ Reply to thread

More at Cyburbia

  1. Replies: 3
    Last post: 22 Aug 2012, 3:50 PM
  2. Replies: 6
    Last post: 27 Jan 2011, 10:18 AM
  3. Replies: 10
    Last post: 16 Jul 2009, 1:08 PM
  4. Short Term Bachelors
    Friday Afternoon Club
    Replies: 34
    Last post: 21 Apr 2004, 5:19 PM
  5. Short term parking policy
    Transportation Planning
    Replies: 1
    Last post: 26 Aug 1996, 11:16 PM