What to do, what to do....

[Jon McBass]

Dear Talkbass Advisors,
My mechanic just came to my door and told me he had sold one of the cars I had on consignment at his shop. He said I could come down and pick up a check.
I am torn.
Do I deposit the money in a high yield investment account, and save the money?
Do I start perusing the for sale section of TB?
Thanks- Clueless in Cow Country

Sounds like a rhetorical question, Paulabass...

 

[sawzalot]

Is the OP actually being serious? It is ALWAYS the time to peruse the classifieds section.

 

[Ellery]

Hookers and cocaine?

That's exactly what I thought!

 

[electracoyote]

Life is short. Live for today.

Unless you live a long time, of course. Then you'd regret taking my advice.

 

[Watchootognbout]

Pay off debts.

 

[Jeff Scott]

I know an excellent financial advisor. But, he usually looks for and want clients with some serious money to invest.

 

[Volker Kirstein]

Dear Talkbass Advisors,
My mechanic just came to my door and told me he had sold one of the cars I had on consignment at his shop. He said I could come down and pick up a check.
I am torn.
Do I deposit the money in a high yield investment account, and save the money?
Do I start perusing the for sale section of TB?
Thanks- Clueless in Cow Country

Any investment in traditional financial instruments these days is fraught with peril, and complete loss of capital is a very real concern. Even government backed "savings bonds."

Gold might be a better option. In a post-apocalyptic world, many people will still value gold.

I would recommend a nice shorty. Maybe a Stingray SS (I like the blue/maple!), or Fender Japan JB62SS jazz. (I like the red!) Of course, this is me projecting. The nucleus of it: get yourself a nice bass. Or gold.

 

[Lagado]

I'd live in the here and now if I were you...

 

[ThinCrappyTone]

Dear Talkbass Advisors,
My mechanic just came to my door and told me he had sold one of the cars I had on consignment at his shop. He said I could come down and pick up a check.
I am torn.
Do I deposit the money in a high yield investment account, and save the money?
Do I start perusing the for sale section of TB?
Thanks- Clueless in Cow Country

Personally, I’d buy stock with it. I am one of those who believes this CV has created a once-in-a-lifetime opportunity to invest at fire sale prices, with the possibility of very high returns quickly.

Then of course, if all goes as planned, buy 2 basses next year with the profits.

 

[lfmn16]

With the current financial uncertainty? Right to the bank.

 

[Fat Freddy]

Oh for the love of......Buy a bloody bass!....

 

[Lagado]

Spend it on experiences, that's all you'll be left with in the end. Memories of experiences. Possessions won't mean jack.

 

[mellowgerman]

wait, so you're not already constantly perusing the for sale section here?!

 

[Low profile]

Build a post-apocalypse shelter and stuff it with long-lasting food and water.
Oh... and also with several basses, amps and cabs.
Do not forget the power generator.

 

[leto]

Cruises are the best travel deal going.

You book a week, but get to stay on the boat for a month or more. And see more ports than you ever thought possible.

And free health care after the cruise! Or something like that.

 

[alaskaleftybass]

PB, I've learned that generally a man has no business telling a smart woman what to do . . . . but since you asked (and it's really none of my business):

IF I had just scored an Alembic, AND then had a pile of money fall out of the sky, with the way things are now, I'd bank it and sit on it. Things are going to get dicey, and I'd agree in a few months prices may fall just like gas prices. These are uncertain times in so many ways, and I'd be conservative as who knows what's ahead of us?

All I know is every time I've ever had a pile of money fall in my lap, and I got hot and bothered, and spent it quick . . . . I was sorry of it later.

All the Best,

JW

Wife didn't even let me see our IRS stimulus deposit. She whisked it away quicker than you could say "Buy a new bass!" Thanks to her we have a small pittance tucked away for retirement...

 

[Robert B]

Invest. Someday your opportunity to earn money will be gone. When that day comes, you'll be glad you have the added income.

 

[LoTone]

Buy an orange terror and ocb112 cab(s)
U won't be sorry

Buy an Orange AD200 head and an Orange OBC115 cabinet. You won't be sorry!

 

[bassliner50]

Your mechanic is being untruthful. Your car is still for sale. Lower the asking price significantly. No one is buying cars in the present covid-19 world.

 

[Flamingo21]

This is the first thread I've seen where people are sending a woman to the hookers.

I'm not saying there's anything wrong with that, FTR.