How would you spend 50,000? - Toyota Yaris Forums

STC · 07-25-2010, 05:36 PM

Hmmm?

If I put it in a bank... I would lose the value of the $50,000 in one year with the interest of <1% not even keeping up with inflation and the Cost of Living Ajustments (COLA's).

If I put it in stocks, bonds, and finacial advisors... the Wall Street Market... I would gain over the COLA's from inflation, but more definately would risk losing my money through ponzi schemes and shady characters like Bernie Madoff!

If I put the money under my pillow and didn't do anything with it... I would wake up the next year and find the value of of the $50,000 erode to down to around $45,000 of its initial purchasing power do to inflation.

So, I would spend it... all of it... today!

Is there such a thing called 'honest money'???

Cheers!

07-25-2010, 05:36 PM	#11
STC "LibertyRides!" View User's Garage Drives: 2010 Yaris 3Dr LB \| 2020 Stang Join Date: Mar 2010 Location: State College, PA, USA Posts: 576	Hmmm? If I put it in a bank... I would lose the value of the $50,000 in one year with the interest of <1% not even keeping up with inflation and the Cost of Living Ajustments (COLA's). If I put it in stocks, bonds, and finacial advisors... the Wall Street Market... I would gain over the COLA's from inflation, but more definately would risk losing my money through ponzi schemes and shady characters like Bernie Madoff! If I put the money under my pillow and didn't do anything with it... I would wake up the next year and find the value of of the $50,000 erode to down to around $45,000 of its initial purchasing power do to inflation. So, I would spend it... all of it... today! Is there such a thing called 'honest money'??? Cheers! __________________ ~ Mark ~ 2010 Yaris 3-Dr Liftback, 5-Speed Manual, P185/60R 15, Bayou Blue Pearl I Love my YARIS - (Click below to see Gaslog): Most miles Tank: 538 tank/10.148 gal = 53.015 MPG / Most MPG: 54.95 MPG (ethanol) 425 tank/7.73 gal "The evils of government are directly proportional to the tolerance of the people." -- Frank Kent

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