Quote:
Originally Posted by bluntedtoad
Cash
$46K
if you have good credit and steady income then you won't need to hold onto much for emergencies, could use credit as a stopgap until you can liquidate some of the more liquid investments like stocks
if you like the idea of having cash available that's 100% safe theni a cd ladder much better for interest rates - not what you're looking for most likely but it's 10x better imo than savings accounts
Quote:
Originally Posted by bluntedtoad
Random thought: My brother just bought some land in rural Idaho and says you can get 20 acres there for $40K. He's gonna build a house there, so it's not really an investment for him. Still, he thinks it'll rise in value over time as rich people seek remote getaways. I'm not so sure, but I think maybe it'd be a good hedge against inflation?
i'd be careful about this and only buy if you really know it well or plan on eventually using it yourself
remote areas are tricky, out west it's full of ghost towns because there's no local employment and it's not convenient enough as a weekend home for the idle rich, the hamptons suck balls compared to most beachfront property, it's cold and got all this funky long grass and just yuck - but it's beachfront property close enough to drive to straight from work on a friday and be back in manhattan by sunday night
unless this region is close to an airport, has nice restaurants/activities nearby and most importantly, has other wealthy people moving in i'd stay clear - unless it's a great place to retire in permanently or someone in la/sf can reasonably go there for a weekend
definitely post about it in the ask me about real estate thread, you'll get some real expert opinions instead of random thoughts from a schmuck like me