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Seriously what ericb said, milk the app store and advertise your apps online if you can, keep it going but the investment climate is lame everywhere. I am now
by gregcmartin 17y ago
Seriously what ericb said, milk the app store and advertise your apps online if you can, keep it going but the investment climate is lame everywhere. I am now in the same situation where I had 30k cash for the first time with no debt and I essentially put it in a safety deposit box at the bank so I won't spend it. If you look at money market, CD's etc, they all stink right now so just lock it up.
If you have not bought a house yet then I would look into doing that and taking advantage of the 8k tax break for first time home buyers. Sounds like you have enough down payment to cover 20% and get out of the PMI insurance.
You might use that money to hire another developer you can train and crank out more apps, and hit the android market as well.
- Readmore 17y agoDo not buy a house right now unless you really understand your local market and it's very different than the national average. Home prices are going to drop like a rock this Spring.
- cadr 17y agoWhat makes you say that?
- Readmore 17y agoI've read from numerous sources that the banks are holding foreclosed home off the market until the spring to keep prices high during the 'first time homebuyers credit'. Once it expires there should be a large influx of new homes for sale which will drive prices down. It's a game of buying now for the tax credit and 'saving' $8,000 or waiting a few months and possibly saving $20,000 because home prices have dropped.
- cadr 17y agoThat is very interesting - thank you.