what to do with SA $$$$ Forum

somewhatwayward · Post by **somewhatwayward** » Thu Jul 26, 2012 2:58 pm

I know many of us are going to rack up 25K or so this summer, so, aside from paying tuitions or loans or paying living expenses for this upcoming year, what are you planning to do with it?

My parents are paying for law school and living expenses (although I will be paying them back for tuition but no interest is accruing so no pressure to pay ASAP), so I am not putting the money toward those things. I want to invest it somehow, maybe a mutual fund (or a couple, a safer one and a growth one)? Any recommendations?

wuduhel · Post by **wuduhel** » Thu Jul 26, 2012 3:02 pm

Pool your money with some other SAs and charter a yacht in St. Barths for Christmas.

Anonymous User · Post by **Anonymous User** » Thu Jul 26, 2012 3:05 pm

Pay your own tuition. Invest in yourself.

jess · Post by **jess** » Thu Jul 26, 2012 3:06 pm

RPK34 · Post by **RPK34** » Thu Jul 26, 2012 3:07 pm

Wellsfargowagon · Post by **Wellsfargowagon** » Thu Jul 26, 2012 3:17 pm

Roth IRA.

dixon02 · Post by **dixon02** » Thu Jul 26, 2012 3:21 pm

Wellsfargowagon wrote:Roth IRA.

Agreed. You're likely paying a lower tax rate now than you ever will again, so it makes sense to invest in a post-tax retirement fund like a Roth.

drbarry987 · Post by **drbarry987** » Thu Jul 26, 2012 4:26 pm

dixiecupdrinking · Post by **dixiecupdrinking** » Thu Jul 26, 2012 4:35 pm

It must be tough for you, having all this money and no loans to pay down with it.

Anonymous User · Post by **Anonymous User** » Thu Jul 26, 2012 4:48 pm

Roth IRA > Index Fund > Mutual Fund.

As for me, I will use most of my SA $ to pay tuition so I have to borrow less and will be buying a nice computer.

somewhatwayward · Post by **somewhatwayward** » Thu Jul 26, 2012 4:56 pm

dixiecupdrinking wrote:It must be tough for you, having all this money and no loans to pay down with it.

yep, hard life, but someone has to do it....at least i have the company of my two siblings who are in the same position

ETA: thanks for the help, all

DrakeTempt · Post by **DrakeTempt** » Thu Jul 26, 2012 8:35 pm

Roth IRA, take the rest and invest it in equities. To be quite honest, there's really nothing that's worth investing in...if you want to have fun and yield 5%, research and try equities. Bond market sucks. Brazil is falling apart, China is unregulated, Europe is a DISASTER. Perhaps, India? If you're afraid to lose it, then wait until gold drops and buy it before we hit our double dip.

Emma. · Post by **Emma.** » Thu Jul 26, 2012 9:35 pm

Some options trading, buy fancy camera, maybe a road bike, & take a baller vacation.

Edit: didn't read the OP well. The above are my plans.

jackattack17 · Post by **jackattack17** » Thu Jul 26, 2012 9:51 pm

blow and strippers, duh

fatduck · Post by **fatduck** » Thu Jul 26, 2012 10:31 pm

why don't you buy a rubber nipple so you can start weaning yourself off your mother's teat

somewhatwayward · Post by **somewhatwayward** » Thu Jul 26, 2012 10:41 pm

fatduck wrote:why don't you buy a rubber nipple so you can start weaning yourself off your mother's teat

eh, breast milk has a lot of protein and keeps my immune system up....at least that's what mommy tells me

Anonymous User · Post by **Anonymous User** » Thu Jul 26, 2012 11:50 pm

No loans here. I put 5k in a Roth IRA (all in VWINX), 3k in VFINX, bought a nice watch and some professional clothes, and am keeping some cash for a rainy day. I'm planning on putting my tax refund into a Roth IRA as well .

TrojanHopeful · Post by **TrojanHopeful** » Thu Jul 26, 2012 11:53 pm

Buy Yen.

bloobook · Post by **bloobook** » Fri Jul 27, 2012 12:06 am

MavEryck · Post by **MavEryck** » Fri Jul 27, 2012 2:29 am

jackattack17 wrote:blow and strippers, duh

duh!

Mr. Frodo · Post by **Mr. Frodo** » Fri Jul 27, 2012 2:42 am

jackattack17 wrote:blow and strippers, duh

what to do with SA $$$$ Forum

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