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Posted: 1/3/2004 2:01:53 PM EDT
[#1]
Short the dollar.
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Posted: 1/3/2004 2:03:15 PM EDT
[#2]
she could buy usn's all a new gun, lol, bank it
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Posted: 1/3/2004 2:03:29 PM EDT
[#3]
Short the dollar. she doesn't like risk |
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Posted: 1/3/2004 2:04:11 PM EDT
[#4]
i should see if she'll get it all in $20 bills so i can take a picture to make this thread better
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Posted: 1/3/2004 2:05:39 PM EDT
[#5]
I would say buy a smaller house so she doesn't have to waste that 50grand on rent, plus you get a house passed down in the long run.
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Posted: 1/3/2004 2:06:53 PM EDT
[#6]
a nice grandmother would buy you an M-60. full auto of course.
she'd still have enough left to pay rent for a while. then you can sell the 60 later on and make her a little profit. |
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Posted: 1/3/2004 2:08:42 PM EDT
[#7]
Put it in a saving's account so it becomes inheritance one day?
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Posted: 1/3/2004 2:11:03 PM EDT
[#8]
Quoted: she just sold her house and moved into an apartment (needed someplace with fewer stairs) she's got $50,000 from the house in hand she wants to use this $50K to pay rent on her apartment for the rest of her life (she's 86) should she just stick it in a savings account, or is there something better to do with it? Shoebox[8D] |
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Posted: 1/3/2004 2:13:13 PM EDT
[#9]
[b]Red Beard[/b]'s grandma ought to put two year's worth of rent into a savings account, pay rent with it for those two years, and put the rest into a two-year CD (to get a higher interest rate).
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Posted: 1/3/2004 2:14:37 PM EDT
[#10]
Cash it out. Put it in mason jars and bury them in the back yard. Be sure to do it on a moonless night, lest someone see you and know where X marks the spot.
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Posted: 1/3/2004 2:16:22 PM EDT
[#11]
money market account.
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Posted: 1/3/2004 2:16:32 PM EDT
[#12]
Easy.
She should spend it on man-whores and blow! |
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Posted: 1/3/2004 2:18:12 PM EDT
[#13]
Quoted: Short the dollar. she doesn't like risk what does this mean? |
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Posted: 1/3/2004 2:18:24 PM EDT
[#14]
i tried talking her into "gold coins buried in the back yard" too
she didn't like that idea |
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Posted: 1/3/2004 2:19:37 PM EDT
[#15]
Quoted: Quoted: Short the dollar. she doesn't like risk what does this mean? use it to bet that the value of the dollar will fall |
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Posted: 1/3/2004 2:21:14 PM EDT
[#16]
a couple m16's
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Posted: 1/3/2004 2:25:59 PM EDT
[#17]
give the money to family members before she has to move into assisted living. $50k won't last 18 months in a nursing home.
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Posted: 1/3/2004 2:47:45 PM EDT
[#18]
Enough jokes.
Have her contact a Certified Financial Planner. He will probably invest it in bonds if she is risk adverse. She will be fixed up for life if she only needs it for rent. |
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Posted: 1/3/2004 3:07:54 PM EDT
[#19]
Paying rent is throwing your money away. Making payments to own a place is called EQUITY.
You get your equity back, and with any luck, you make more, when you sell the place. Renters never get anything back except maybe the deposit. Grandma's money can be kept in the family if it's not wasted on renting some place, and goes to buying a place instead. Grandma, would you rather give 50K to your kids and grandkids, or to some stinking landlord? BUY, DON'T RENT! But of course, buy some place that isn't likely to lose value. CJ |
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Posted: 1/3/2004 3:12:59 PM EDT
[#20]
In all seriousness...
My grandparents have a simliar problem. Your Grandma needs to decide if she wants to spend it or pass it down as inheritance. Like CAMPYBOB said, if she has to go into a nursing home the 50K will be spent fast. My grandparents have been trying to give away their savings as fast as possible to family. It looks like my grandpa will have to go into a nursing home this year because my grandma can no longer take care of him (alzheimer's). The nursing home will eat up her savings at the tune of 36K a year. |
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