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Originally Posted by xkimsungminx
(Post 4091275)
well for one... the highest savings account interest rate that i know of are around 5.25% and 5.26%, well it was that the last time i checked, so i'd say that's a mild investment but then again.. it yields a lot for a mild investment if you were to put all of it into a savings for now. i think those apy's are higher than the rate of inflation. 2 banks i know of for sure have 5.25%, i think the 5.26% was for a bank that had a minimum of $10,000 or something, forget. but i say MUTUAL FUNDS! or stocks if you're a risk taker, or if you know what the heck you're doing. anyways, do anything with ur money that you want. saving it doesnt seem to be too high of a priority for you. Why not buy a mclaren? that halls ass and super expensive. Lambos got some unique colors, allthough cant take corners- the evo can actually keep up with a lambo and corner faster, practially impossible to roll one of thoes guys- amazing for a 2.0L engine-what is it.. 400 or 500 hp? Or you could stick with honda and pick up an S2000. you will probably be the one person on here with a rediculously priced car thats like 4 or 5 or 6 or 7 or 8 times more expensive then your 7th gen |
def. will just get the Si sedan and invest the rest............or just put it on the bank for the time being. lol. except if your dad want to grab the money away.........lol |
Travel too if you can! I would...travel and invest! But if you really want a car..get a AMG SLK. |
Update. Bought the BMW 6 series and fianced a Mazda RX8 . $115925.31 for the BMW good deal fully loaded. RX8 $40787.08. Planning to buy some stocks or something and paying for university. |
Good bye 7thgencivic.com |
keeping the civic first car so yeah |
Bimmer!, benz has the same styling from the 1950s |
put the money in a high yield savings account...figure out how much monthly payments are for each car...then wait till your account is acurring interest at the cars mothly rate (make your money work for you) or do a K swap, and invest the rest...either way you should invest most of it. |
Originally Posted by bbeboi
(Post 4093197)
Update. Bought the BMW 6 series and fianced a Mazda RX8 . $115925.31 for the BMW good deal fully loaded. RX8 $40787.08. Planning to buy some stocks or something and paying for university. why would you buy an RX8 if you have an M6? oh wait, normal 6 series.... i hate it when people just throw money away like that, that much money could have built into so much more so fast :hithead: its just such a waste |
go with the bmw the mercedes is bland looking. not to mention mercedes is kinda more a status symbol that a car |
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what a waste of money. the 6-series looks like poop and the rx-8 is a failure of a car. for $250,000 CDN you could have purchased a Ferrari 355 or even a used 360 Modena. Now there's something none of your friends will ever be able to buy (maybe)... |
Sad story that he's dumb with money. And people younger than him are giving him advice. Cars aren't that great of an investment. They are worth shit later on haha. |
^cd's are a waste of an investment, my savings account yields more than most cd's i've seen. mutual funds and bonds are good if you're going for risk free! i would've just bought 1 nice car at the most, and put the rest into some form of investment, whether in an interest yielding one or in the form of real estate even though the real estate business is doing pretty crappily right now, at leat around where i live. |
Go for the Modded rex. |
how about some pictures of your new rides? |
It was not very smart to buy 2 new cars....Your dad only gave you only 250k and not more, just because he knew you'll do something dumb with it, so he did not want to invest more of his $ into you. |
Fools and their money... (Finish the phrase) |
jesus christ, you blew 160K of 250K on cars? |
Dammit someone finish the phrase. |
Whatever, its his money and it seems like he can afford it. His family seem pretty well of, and cars are status symbols. There might have been a need to reflect that. Maybe he doesn't need to invest because his future is already secured for him. All I really really have to say is...I just hope you know the value of a dollar. |
of course he doesn't! he's canadian. they don't use dollars and cents. they use loonies and toonies. |
Originally Posted by dirtySAMURAI
(Post 4101155)
of course he doesn't! he's canadian. they don't use dollars and cents. they use loonies and toonies. |
lol that's great. i have to stock up on my canadian dollars for my upcoming snowboarding trip to c-eh-n-eh-d-eh. |
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