On May 08 2014 18:50 puppykiller wrote: My gradnparents just completely randomly sent me a check for 2500 dollars in the mail and told me to do something fun and not spend it on rent.
WTF do I do with it?
Is it enough to go to korea???
Invest
Yes! This is clearly a test to see how much inheritage you deserve. Humour aside, that is something you really should do, it will pay off in the long run. Or some time in the future, you might just really need it for something unforseen.
What kind of thing would you invest $2500 on? Doesn't seem like enough to get any significant returns. I'd go travelling (with a little bit of my money as well).
On May 08 2014 23:39 Najda wrote: What kind of thing would you invest $2500 on? Doesn't seem like enough to get any significant returns. I'd go travelling (with a little bit of my money as well).
It might be easier to start with what you wouldn't invest it on and then work your way towards the solution that way.
On May 08 2014 23:39 Najda wrote: What kind of thing would you invest $2500 on? Doesn't seem like enough to get any significant returns. I'd go travelling (with a little bit of my money as well).
Stocks, bonds, etc. Regardless of whether or not the returns are "significant," turning a given sum of money into an even greater sum of money is generally a good way to use it, assuming that you stay ahead of inflation.
On May 08 2014 23:39 Najda wrote: What kind of thing would you invest $2500 on? Doesn't seem like enough to get any significant returns. I'd go travelling (with a little bit of my money as well).
It might be easier to start with what you wouldn't invest it on and then work your way towards the solution that way.
Well other than high risk ventures, it would be generous to assume you can get a 5-10% annual interest return on that money, so that's $125-250 a year. I think the life experience of, for example, travelling with $2500 is much more valuable than the small amount of roi you get on that money.
On May 08 2014 23:39 Najda wrote: What kind of thing would you invest $2500 on? Doesn't seem like enough to get any significant returns. I'd go travelling (with a little bit of my money as well).
Also, it depends on how much you like risk. That $2,500 may seem like it cannot generate high returns, but that's completely false. If you can afford to lose your $2,500, find more risky investments because they will generally have higher rates of return. In fact, it's probably better to invest riskily with smaller amounts of money so you don't accidentally bankrupt yourself.
As long as $2,500 isn't a significant part of your wealth, investing consistently on risky possibilities will generate you income.
I don't really care about this but I'm curious nonetheless... a guy I know (Canadian) is in Brazil and he just withdrew $300 at a bank in Brazil, got a $450 fee for it so his bank account is down $750 but he only has $300 in his hands. Is this common in Brazil or what the hell?
On May 09 2014 07:55 Djzapz wrote: I don't really care about this but I'm curious nonetheless... a guy I know (Canadian) is in Brazil and he just withdrew $300 at a bank in Brazil, got a $450 fee for it so his bank account is down $750 but he only has $300 in his hands. Is this common in Brazil or what the hell?
As someone who wanted to visit Brazil in the near future, I really want to know the answer to this question.
On May 08 2014 18:50 puppykiller wrote: My gradnparents just completely randomly sent me a check for 2500 dollars in the mail and told me to do something fun and not spend it on rent.
WTF do I do with it?
Is it enough to go to korea???
Split it into 3 parts. 1/3 goes to the past, use it for something you or someone else you know always wanted 1/3 goes to the present, do something fun, make a journey, whatever.. 1/3 goes to the future, save it for something to come
On May 08 2014 18:50 puppykiller wrote: My gradnparents just completely randomly sent me a check for 2500 dollars in the mail and told me to do something fun and not spend it on rent.
WTF do I do with it?
Is it enough to go to korea???
All in on red. Twice in a row. $10,000 1 in 4ish. You will not get a better ROI investing than that. And its instant, not 20 years or whatever later
On May 09 2014 07:55 Djzapz wrote: I don't really care about this but I'm curious nonetheless... a guy I know (Canadian) is in Brazil and he just withdrew $300 at a bank in Brazil, got a $450 fee for it so his bank account is down $750 but he only has $300 in his hands. Is this common in Brazil or what the hell?
I think it has to do with international banking fees. For example, if you use a US-based credit card outside the US, they charge some additional fees.
The 450 your friend got billed might be a flat fee they charge for all international transactions like that, so if he withdrew a few thousand, he would get charged the same.
On May 09 2014 07:55 Djzapz wrote: I don't really care about this but I'm curious nonetheless... a guy I know (Canadian) is in Brazil and he just withdrew $300 at a bank in Brazil, got a $450 fee for it so his bank account is down $750 but he only has $300 in his hands. Is this common in Brazil or what the hell?
I think it has to do with international banking fees. For example, if you use a US-based credit card outside the US, they charge some additional fees.
The 450 your friend got billed might be a flat fee they charge for all international transactions like that, so if he withdrew a few thousand, he would get charged the same.
On May 08 2014 23:39 Najda wrote: What kind of thing would you invest $2500 on? Doesn't seem like enough to get any significant returns. I'd go travelling (with a little bit of my money as well).
I'd go to ebay, pay 300 bucks and fly to Seattle at July 18th. Will be awesome.
Else i would go traveling as well. Really depends on what you want to see though, I doubt it will be enough to see something from an industrialized Asian country. If you are interested in history I would recommend a tour down the Nile. The pyramids arent worth the trip, but the temples (especially Karnak) absolutely are. That being said i have been a fan of ancient architecture since Age of Empires RoR.
If you want more of an adventure or see some landscape (Egypts is very beautiful sometimes, but not very diversified) people recommended New Zealand and Australia to me. Not sure how far 2500$ will bring you though.