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If you had no jeep and just acquired $100,000....

FishChowder

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What would you with your money? That is also Canadian funds.

Do you be responsible and buy some land to build a house? Do you buy the jeep you've always wanted? Other suggestions? Hypothetically speaking of course.
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MrZappo

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What would you with your money? That is also Canadian funds.

Do you be responsible and buy some land to build a house? Do you buy the jeep you've always wanted? Other suggestions? Hypothetically speaking of course.

Hmm, take the whole thing and put it into a depreciating asset ? Uh no ...

Unless money doesn't matter much to you ...

I's say buy your land or otherwise invest ... Maybe someday you can have 10 jeeps that way ...
 
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FishChowder

FishChowder

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What if the money came from a very minor investment?
 

Mr._Bill

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What would you with your money? That is also Canadian funds.

Do you be responsible and buy some land to build a house? Do you buy the jeep you've always wanted? Other suggestions? Hypothetically speaking of course.
Buy the land and build your credit so you can get a better finance rate when you buy the Jeep.
 

robinja

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What would you with your money? That is also Canadian funds.

Do you be responsible and buy some land to build a house? Do you buy the jeep you've always wanted? Other suggestions? Hypothetically speaking of course.
Buy the adjacent property to mine so that it could never be developed and set it up as preserve for the neighborhood and wild critters. Purchase a modest Gladiator to drive. Give the rest to All Childrens Hospital as they are a tremendous organization doing good in the world.
 

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Cape taco12

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I would chuck that into an investment account if you don’t have one. Just play with a compound interest calculator and Google the average stock market return. In 10 years with no monthly contribution you can buy a pair of gladiators with the interest alone.

Don’t speculate go for a diverse spread and use a legit company like Charles schwab or something.

https://www.calculator.net/investme...=0&ciadditionat1=monthly&printit=0&x=101&y=27
 

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Shackleton

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down payment on a vacation house. Rent it out while you aren’t using it and make sure you buy it in a place you could be happy retiring to.
 

ShadowsPapa

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Buy the adjacent property to mine so that it could never be developed and set it up as preserve for the neighborhood and wild critters. Purchase a modest Gladiator to drive. Give the rest to All Childrens Hospital as they are a tremendous organization doing good in the world.
There ya go. My wife has wondered about buying the land across from us to keep it from being developed........... maybe even buying the property to our east when our neighbors can no longer live on their own - or they decide to move. We moved out here to be away from town and crowds, and to be with trees and critters but it's building up so danged fast.
 

Code 3

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Since $100k Canadian is only worth about $78k USD...

I would invest $58k and have the principle plus future gains.

Other $20k to pay off my 2020 Mojave.

EDIT: Sorry - you said had no Jeep - so I'd put $20k down on a new Mojave :)
 

Delhux

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My local taco shop has an ongoing “100,000 Tacos for $100,000” deal.

So, I don’t even have to wrestle with decisions at this point.
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