I just recently consigned some property to the local auction house. Now I am considering what kind of asset to put the auctions proceeds into. Luckily debt repayment is not an issue.
I always look at the automobile search sites. I could make a significant down payment on a car that I'm interested in, but the acquisition of another car isn't a high priority. Plus Dave Ramsay recommends trying to avoid investments in depreciating assets.
While sitting here watching the ball game, some of the advice of my recently departed uncle came to the fore. I remember the last time my Uncle Gene came to my house, he was having a hard time getting up the one step from the sidewalk to my front porch. He suggested getting an iron railing put in, with the advice of "you're going to need one some day."
Toward the end of their lives, because of their locomotion issues, my aunt and uncle had a Stair Chair put in their house, because they lived in a split level. I had saved on my phone a message from my uncle relating to the cost and source of the Stair Chair and suggesting that I should put one in for the stairs to my basement.
I got to thinking about all this. The Stair Chair and outside railing would be fixtures to the house, and doing a little mental math I figured that the auction proceeds would allow me to pay cash for both or make a fantastic down payment on them. And based on the life spans in my family, my uncle wasn't wrong in saying that these are things that I might need some day. He has always been concerned about my well being living alone and I plan to stay in this house until they carry me out.
Of course, there is the option of buying more stocks.
With all of the collective wisdom here in the Forum, I thought I would roll the bones and see what everybody says.
I always look at the automobile search sites. I could make a significant down payment on a car that I'm interested in, but the acquisition of another car isn't a high priority. Plus Dave Ramsay recommends trying to avoid investments in depreciating assets.
While sitting here watching the ball game, some of the advice of my recently departed uncle came to the fore. I remember the last time my Uncle Gene came to my house, he was having a hard time getting up the one step from the sidewalk to my front porch. He suggested getting an iron railing put in, with the advice of "you're going to need one some day."
Toward the end of their lives, because of their locomotion issues, my aunt and uncle had a Stair Chair put in their house, because they lived in a split level. I had saved on my phone a message from my uncle relating to the cost and source of the Stair Chair and suggesting that I should put one in for the stairs to my basement.
I got to thinking about all this. The Stair Chair and outside railing would be fixtures to the house, and doing a little mental math I figured that the auction proceeds would allow me to pay cash for both or make a fantastic down payment on them. And based on the life spans in my family, my uncle wasn't wrong in saying that these are things that I might need some day. He has always been concerned about my well being living alone and I plan to stay in this house until they carry me out.
Of course, there is the option of buying more stocks.
With all of the collective wisdom here in the Forum, I thought I would roll the bones and see what everybody says.
