REVscene Automotive Forum - View Single Post - You inherit a tidy sum of money. What do you invest in?

originalhypa · 05-02-2019, 10:18 AM

Interesting thread to come up today.
I just got an email from my money guy and it was interesting. For example, if you put this into a PIMCO managed fund when the fund started in 2012, you would have seen an average of 10.3% return per year. Your $50k investment would have nearly doubled in the last 7 years. That's not bad considering that your best bet on a standard bank account is going to be 2-3%. That said, you would have had to leave that money untouched in the bank for the last 7 years. That is the tough part, especially when you need a few bucks.

So fuck it. Go to Vegas and bet it all on black while banging two chicks at one time.
That's why I love RS.

Or be smart like Civicblues said, and TFSA that cash. At least you'll have some tax savings that won't eat up the principal.

05-02-2019, 10:18 AM	#13
originalhypa RS Veteran Mod Join Date: Apr 2001 Location: online Posts: 19,749 Thanked 3,993 Times in 1,374 Posts Failed 187 Times in 91 Posts	Interesting thread to come up today. I just got an email from my money guy and it was interesting. For example, if you put this into a PIMCO managed fund when the fund started in 2012, you would have seen an average of 10.3% return per year. Your $50k investment would have nearly doubled in the last 7 years. That's not bad considering that your best bet on a standard bank account is going to be 2-3%. That said, you would have had to leave that money untouched in the bank for the last 7 years. That is the tough part, especially when you need a few bucks. So fuck it. Go to Vegas and bet it all on black while banging two chicks at one time. That's why I love RS. Or be smart like Civicblues said, and TFSA that cash. At least you'll have some tax savings that won't eat up the principal.