What would you do with a spare $10k?

nikhdh's picture
Rank: Chimp | 9

Gonna set aside $10,000 soon, and I'm wondering what y'all would do with a similar sized chunk of money.

Aside from maxing a Roth IRA, other options include all-in on ETF or building a new growth-portfolio. Any thoughts on other instruments or strategies?

Comments (19)

May 20, 2020

I would use it to pay off my medical bills or go to Vegas.

I would donate to the poor or keep it under my bed. Depends on the feeling I get when I see it.

I think you know what I am doing.

May 20, 2020

buy 1-month puts on GSX immediately

    • 2
May 20, 2020

puts on Zoom or any of the pharma names getting press for the vaccine or other treatments seems intelligent, but as long as you get stupid money bidding up everything you might as well just put it in like IVV or something and buy s protective put on that.

alternatively, go short whatever you see fit and buy a call to hedge!

or get a hooker and use whatever is left to treat yourself to a Roley

    • 1
    • 1
May 20, 2020

I would pay off $10k of my student loans. $10k isn't life changing money and being in debt sucks.

    • 1
May 20, 2020

Would either save it in the short term to invest in stocks, or I would use it on a couple much needed upgrades to my house.

May 20, 2020

Savings acct

May 20, 2020

Keep it in high yield savings until the economy starts humming again

    • 1
Funniest
May 20, 2020

I'd buy 10,000 peach Arizonas.

    • 6
May 20, 2020

  • Analyst 1 in IB-M&A
May 20, 2020

Rolex

May 20, 2020

I've actually been looking into watches. Do you think certain brands hold value better than others? Like Rolex v Omega or IWC?

May 20, 2020

Rolex/Tudor and Omega I think have the highest resale value among watch brands. obviously the secondary market for Rolex is a beast unto itself

May 21, 2020

I was literally about to say I'd buy a Datejust with that money. Rolex will hold value better than any other watch brand in that price range.

May 20, 2020

But $spy calls.

May 20, 2020

dude...type "GSX" into google...MuddyWaters and Citron Research just recently came out with fraud reports on this chinese online tutoring company...but the stock is still selling for $30 with a 6bln market cap.....and its going to zero. So, take the 10k and buy 2-month ATM Puts on GSX.....and make BANK

May 20, 2020

Why ATM if you think it's a donut?

May 20, 2020

because its hard to know how long it will take....and you want to maximize risk vs reward

May 21, 2020

https://en.wikipedia.org/wiki/Uptick_rule
GSX hit 10% down on the open today...triggering the SSR

what a time to be alive and "in the know"

May 21, 2020
Comment

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee