What would you do with $80 000?

[nix]

Originally Posted by Surok

you guys in OZ have no idea about car prices in singapore... try AUD 150K for an 86

Register car in Malaysia like the taxi guys. Btw your profile says you're in Sydney.

I've thought about getting an e46 m3 or a new evo/wrx lately but they don't really do it for me. There's not many cars in that 80k bracket that do.

[Surok]

yeah E46 M3 is hard to come by with the alcantara interior option, and evoX / wrx is too ugly, R34 gtr is too old.

[Hawk77FT]

I think it is up to you mate!
If I was you I would invest 80k and try to double my money in 1-2 years if possible and then splash it on a 30-40k car and reinvest the rest.
Put it this way: some people would spend 500k on a car if they would win 1 mil, others only 100k. Some will need to win 5mil to buy a 500k car. What I am trying to say here is that there should be a balance on how much you earn or make and the amount you're spending. I would recommend you (and I am not going to be the only one) to invest your money in goods that will gain value with time.(land, properties, shares, gold, silver, etc) rather than goods that lose value in time (cars, etc).
Personally I am a strong believer in work and reward system: double 80k and reward yourself with a 40k car. triple them and reinvest the rest. It takes money to make money. It takes big money to make big money, but i guess you will have to start from somewhere.

[nix]

Hawk gold prices skyrocket, and you sell up and make $320k. You decide to spend up to 80 on a new car. You chose ............ ?

[Hawk77FT]

Originally Posted by nix

Hawk gold prices skyrocket, and you sell up and make $320k. You decide to spend up to 80 on a new car. You chose ............ ?

Exactly my point...Why spend 80k on a new car when you can invest and make more...and then afford a new car. I always go 10% on a car and the rest invested. Think about (using the same calculation you did, although you will have to be in it to win it) spending 100k on a car and be left with 900k to invest...by your very same proportion you could have 3.6 mil in your bank.

Anyways, each to their own I guess!

[nix]

I give up.

[st162celica]

play powerball

Power45 System 14 - $73,851.30

and hope you get 5 numbers out of the 14 u pick.

[Hawk77FT]

Originally Posted by nix

I give up.

I dont quite get it!

[Palmy]

Originally Posted by Hawk77FT

I think it is up to you mate!
If I was you I would invest 80k and try to double my money in 1-2 years if possible and then splash it on a 30-40k car and reinvest the rest.
...
It takes big money to make big money, but i guess you will have to start from somewhere.

If you can guarantee a 100% return on a $80,000 investment over 12-24 months, you'd be the richest man alive in no time. Be realistic.

[Bounce]

Originally Posted by Palmy

If you can guarantee a 100% return on a $80,000 investment over 12-24 months, you'd be the richest man alive in no time. Be realistic.

It's the internet, always get one optimistic/over exaggerated poster

[catcha]

Originally Posted by Range

Just to clear things up...

1) im in my early 20's, single and have a fairly secured future
2) i dont gamble
3) i already have an order on an 86 gts expected to be delivered late this year

Over the weekend i test drove a renault megane Rs250 as well as a c250 coupe.... They both proved to be very impressive, however, Catcha gave some great advice...



The verdict - i will be driving an 86...at least for the next year

Good advice comes with being 10 years older don't like it sell it get something faster, being young you get a job earn money as you get older you should earn MORE and your set.

[Hawk77FT]

Originally Posted by Palmy

If you can guarantee a 100% return on a $80,000 investment over 12-24 months, you'd be the richest man alive in no time. Be realistic.

Tell you something mate: On the international sharemarket there were more than 15 stocks that doubled their value in 2011. It is a matter of luck though. If you look at their names you wouldnt know, but if you look at the whole picture (what market they are in, the potential growth for a specific industry, etc) you might be able to choose the right one.
I am sure there are very rich people out there (alive ones ) that have the knowledge and money to double their investment! Ask their advice!

[BRAWL]

80k would get me the 86, with change put into the mortgage. Ok, maybe a holiday to keep the minister for war and finance happy

[86 gts]

Originally Posted by Hawk77FT

Tell you something mate: On the international sharemarket there were more than 15 stocks that doubled their value in 2011. It is a matter of luck though. If you look at their names you wouldnt know, but if you look at the whole picture (what market they are in, the potential growth for a specific industry, etc) you might be able to choose the right one.
I am sure there are very rich people out there (alive ones ) that have the knowledge and money to double their investment! Ask their advice!

No one can come close to consistently and reliably doubling their money every 24 months. Not even the great Warren Buffett.