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Old 05-10-2018, 02:17 PM   #1
alien77721
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Talking How would you invest $40k?

I'm thinking about investing some inherited money. What would you do? Land? Stocks? Guns?
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Old 05-10-2018, 02:19 PM   #2
kd350
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You could give it to me

But if all other finances are good. Iíd do land, they arenít making anymore of it
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Old 05-10-2018, 02:19 PM   #3
systemnt
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there was a gofundme account going around a little while ago you could send to
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Old 05-10-2018, 02:20 PM   #4
Pedernal
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Let me be the first to say hookers and cocaine! JK


Good luck with whatever you decide to do!!
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Old 05-10-2018, 02:20 PM   #5
Still Hunter
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They are not making any more land...
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Old 05-10-2018, 02:22 PM   #6
2coolforschool
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Building an RV Park in the Permian basin
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Old 05-10-2018, 02:22 PM   #7
panhandlehunter
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Default How would you invest $40k?

$40k would probably just blow it.
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Old 05-10-2018, 02:23 PM   #8
alien77721
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Quote:
Originally Posted by panhandlehunter View Post
just depends how much money it is.
$40,000
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Old 05-10-2018, 02:25 PM   #9
Brian243
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I hear buying people you don't know boats is comparable to buying apple stock in the 80's. Let me know if youre in the market. Lol.

JK, I think land/real estate would be my go to. I have been wondering the same Lord forbid when the time comes for me to get mine.
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Old 05-10-2018, 02:27 PM   #10
pilar
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Long term mutual fund, or pay off mortgage
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Old 05-10-2018, 02:27 PM   #11
thegrouse
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They aren’t making anymore pontiacs but that doesn’t mean it is a good investment. I would payoff any debts contribute the maximum to any tax deferred account then put the rest in a brokerage account.
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Old 05-10-2018, 02:27 PM   #12
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Quote:
Originally Posted by alien77721 View Post
$40,000
Questions I used to always ask.

1. Do you have kids?
2. The person that it is coming from, how would they want their memory honored?

Putting some for college, Roth funding, land all are good options. I always look at these 2 questions.
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Old 05-10-2018, 02:30 PM   #13
postman
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Land. Your kids will thank you as they stand over your grave. Most are pretty thankless until your gone.
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Old 05-10-2018, 02:31 PM   #14
texan4ut
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Get you a financial planner and see what they say. I have an account with Edwards Jones put 12,000 in a IRA almost 3 years ago. Last statement I got showed I have 21,000 now. Have not added to it myself although I should.
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Old 05-10-2018, 02:34 PM   #15
gingib
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Roth IRA, land, paying off debts or rental property are all I would do
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Old 05-10-2018, 02:45 PM   #16
MasonCo.
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land, land and land. will always be less of it, never more.
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Old 05-10-2018, 02:49 PM   #17
louieagarcia
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You should have bought WFT stock last month at $2.07 and sold it a month later for $3.50. Your $40k would have turned into $67k in about a month
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Old 05-10-2018, 02:51 PM   #18
MQ32Shooter
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How old are you. That could make a huge difference in your investment decisions
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Old 05-10-2018, 02:53 PM   #19
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Man, if I inherited $40k I'd probably buy a hunting ranch in South Texas and build a nice rustic cabin and maybe a UTV or something.
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Old 05-10-2018, 02:54 PM   #20
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Quote:
Originally Posted by MasonCo. View Post
land, land and land. will always be less of it, never more.
Actually, the amount of land stays the same.
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Old 05-10-2018, 03:00 PM   #21
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Quote:
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there was a gofundme account going around a little while ago you could send to
www.gofund.bigwes.@hishouse.me
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Old 05-10-2018, 03:04 PM   #22
alien77721
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Quote:
Originally Posted by MQ32Shooter View Post
How old are you. That could make a huge difference in your investment decisions
37 years old
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Old 05-10-2018, 03:05 PM   #23
alien77721
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Quote:
Originally Posted by BitBackShot View Post
Man, if I inherited $40k I'd probably buy a hunting ranch in South Texas and build a nice rustic cabin and maybe a UTV or something.
Where exactly?
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Old 05-10-2018, 03:06 PM   #24
CSanders
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Rental property
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Old 05-10-2018, 03:09 PM   #25
Duckologist
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The Preakness!!
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Old 05-10-2018, 03:09 PM   #26
alien77721
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Quote:
Originally Posted by Maxxed Outdoors View Post
Rental property
Been there....done that
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Old 05-10-2018, 03:10 PM   #27
Skinny
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Bitcoin


Skinny
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Old 05-10-2018, 03:15 PM   #28
BrianL
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ostrich farm!!!
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Old 05-10-2018, 03:15 PM   #29
BigRed323
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Quote:
Originally Posted by BitBackShot View Post
Man, if I inherited $40k I'd probably buy a hunting ranch in South Texas and build a nice rustic cabin and maybe a UTV or something.
You would do all that with 40k?? Let me know where you can find that price and sign me up!
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Old 05-10-2018, 03:16 PM   #30
rferg84
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Something that will produce passive income.

We started buying rentals 7 years ago. Bet we've only invested 40k of our own cash, reinvested all profits and have grown to 17 houses, a quadplex, and a duplex.

That's not for everyone though.
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Old 05-10-2018, 03:29 PM   #31
TX03RUBI
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Quote:
Originally Posted by BitBackShot View Post
Man, if I inherited $40k I'd probably buy a hunting ranch in South Texas and build a nice rustic cabin and maybe a UTV or something.

2 acres, a run down well house, and a 90s gator?
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Old 05-10-2018, 03:42 PM   #32
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Quote:
Originally Posted by thegrouse View Post
They arenít making anymore pontiacs but that doesnít mean it is a good investment. I would payoff any debts contribute the maximum to any tax deferred account then put the rest in a brokerage account.
X2

$40K isn't getting you a whole lot of land.

Not sure of the OP's financial situation, but some easy things could be -

- Payoff any high interest debt, credit cards or vehicle notes
- Could prepay some principle on mortgage if you have one
- Go to a Merrill Lynch or similar and speak to a financial advisor. they could direct you into a deferred tax type of investment or brokerage account, or whatever.

The last thing you want to do is blow the money on expensive toys. I guess if you really needed a new truck and were reasonable about it, you could use some of it for a decent down payment, etc.
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Old 05-10-2018, 03:48 PM   #33
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Don't buy cars, boats, or anything that could be a toy..
Think long-Term...What could you invest in today that can make you money down the road.
Rental Property, any type of Land (as stated above), investment in markets (always has some risk but can be minimized with proper planning).

Paying off/down debt is a good thing too as it will free up some of your monthly debt. Just be smart and do not run up any NEW debt since you pay some off..LOL

Good luck to you on whatever you decide to do with it...
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Old 05-10-2018, 03:49 PM   #34
bphillips
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Debts then mutual funds
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Old 05-10-2018, 03:57 PM   #35
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Quote:
Originally Posted by TX03RUBI View Post
2 acres, a run down well house, and a 90s gator?
2 acre hunting ranch?
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Old 05-10-2018, 04:02 PM   #36
Bigdaddy
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go to vegas and put it all on red
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Old 05-10-2018, 04:03 PM   #37
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Lottery tickets. Could be a big windfall or a bust.
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Old 05-10-2018, 04:12 PM   #38
WItoTX
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Buy a 2019 Ford Focus RS. Since they will not be produced or sold in America anymore, going to be worth a lot. If you can keep from driving it!
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Old 05-10-2018, 04:13 PM   #39
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Bitcoin


Skinny
x2
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Old 05-10-2018, 04:13 PM   #40
breederbuck33
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If it was me I'd pay off our car notes and put the rest in my savings account in order to save up to buy some land down the road. Paying off debts is NEVER a bad idea.
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Old 05-10-2018, 04:20 PM   #41
TX03RUBI
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Quote:
Originally Posted by Outbreaker View Post
2 acre hunting ranch?
Show me any “ranch” you can buy for $40k.

I’m pretty sure he was being facetious. If you can’t tell that I was as well, then you need to recalibrate the sarcasm meter.
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Old 05-10-2018, 04:27 PM   #42
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at 37 a down payment on a ZR1
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Old 05-10-2018, 04:51 PM   #43
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Funny how many guys say land; either they do not know how little money $40k is or how much land cost............................
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Old 05-10-2018, 05:03 PM   #44
Throwin Darts
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pay off debt
IRA
taxable index fund
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Old 05-10-2018, 05:09 PM   #45
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Quote:
Originally Posted by Captain39 View Post
Funny how many guys say land; either they do not know how little money $40k is or how much land cost............................
Land around me is $3k-$6k/acre. No matter 1 acre or 1000000 acres it's all land. If land is $2k/acre in his neck of the woods buy 20 acres. That 20 acres will be worth more later. If I had $40k laying around I would buy 1 or 2 of the 10 acre lots that join my current 90 acres.
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Old 05-10-2018, 05:19 PM   #46
44mAG
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If your mortgage interest is more than what you think you can get a return on by other means, then pay off mortgage principle first, especially if you are already in your forever home. If you think you can make more some other way, then put the money there.
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Old 05-10-2018, 05:23 PM   #47
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Quote:
Originally Posted by TX03RUBI View Post
Show me any ďranchĒ you can buy for $40k.

Iím pretty sure he was being facetious. If you canít tell that I was as well, then you need to recalibrate the sarcasm meter.
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Old 05-10-2018, 05:32 PM   #48
brokeno
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Ira
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Old 05-10-2018, 05:39 PM   #49
Texans42
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I’d invest in a dividend stock like NLY and take my 10% dividend and make Land payments with it.
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Old 05-10-2018, 06:26 PM   #50
Big pig
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Quote:
Originally Posted by MasonCo. View Post
land, land and land. will always be less of it, never more.
I am an old guy and missed the chance you have.
I would take that money and buy a lot/ or couple of acres with potential.
Sell, Then flip the profits and $40K for another tract, etc. sound investment, and little risk. Just make sure you buy at the right price.

I bought my track and never flipped it. So now I have a tract worth much more, but no more money in the bank.
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