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What to do with $100,000

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  • What to do with $100,000

    I have always been a very thrifty person, I now have access to $100,000 that I have had invested in stock and feel that stocks will be taking another dive. Would you use the money to buy a house? I own a duplex and in 2 years time would love to give my 2 kids the option of living there while going to college for the following 4 years. My husband and I would like to live elsewhere and let the kids do their best to make it on their own (maybe rent a room to a friend to help with expenses). We do have a retirement account and I am 50 he is 56. Would appreciate hearing from others on this.
    Thanks

  • #2
    We will need more info. What do the rest of your finances look like?
    Brian

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    • #3
      Originally posted by bjl584 View Post
      We will need more info. What do the rest of your finances look like?
      Agreed.

      Also, how do you know that both of your kids will go to a school close enough that they can live in that home? Even if they do, will they be able to afford to live there while in college or do you plan to cover their living expenses? Can you afford to do so?
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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      • #4
        Buy some stable stocks that pays dividends? if you invest in real estate, then the money becomes illiquid.

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