If you had 12 grand, how would you invest in order to manage a return.
I’ve made this money over the past few months and want to keep it in things that have more value than the US dollar, becauseif i leave it in a bank account I’ll prolly just lose it when inflation hits the roof.
I’ve thought about currency juggling, but even that seems like some bullshit bankster tricks like stock market. Both things that really are completely out of control once you go in.
I’m thinking eprhaps buying cell phones and hawking them to people I know and to my cousins in my homeland, or getting a car/motocycle dealer’s license and just flipping them every few weeks, and make a 2-300 bux at least on each one. Altho the problem is, I don’t have much experience with this.
If you had 12 grand and didn’t want to keep in a bank, and wanted it to gain money, how would you invest it?
buy gold and store it in a safety deposit box at a bank. Money is just paper, but gold will always be gold. At current market values, gold is selling for 1164 an oz so that 10oz’s and some change in your pocket. Other than the safety deposit box being located in the bank, the bank has no access to your money. Moral of the story, BUY GOLD. As the US dollar becomes more useless, the cost of gold will increase against the dollar and when you sell your gold, that’s all money in your pocket.
I’d advise you to send it to me via Paypal before any other unscrupulous individuals try to take advantage of your uncertainty and try to hoodwink you into sending them your money via Western Union.
Buy half a brick. Round up some muscle seize some real estate from which to operate. Cook it, bag it, sell it, flip it. Rinse and repeat. Shortly, you will have brick money. When you can leverage enough bricks at one time, you can start wholesaling. Tell em they got to get down or lay down - buy only from you or they don’t buy. You gonna have to catch a body or two so they know you’re not kidding. Rent apartment in the burbs where you can “safely” stash the garbage bags of cash. Rent another in the hood where you can stash yo bricks. Let someone live there, and keep dogs there. In a short time, you can be the next street millionaire. Along the way, buy cars with rims, make it rain at the strip clubs, fuck hoes and avoid jail. You have 12k, there are those that built an empire with less.
[quote]Rohnyn wrote:
If you had 12 grand, how would you invest in order to manage a return.
I’ve made this money over the past few months and want to keep it in things that have more value than the US dollar, becauseif i leave it in a bank account I’ll prolly just lose it when inflation hits the roof.
I’ve thought about currency juggling, but even that seems like some bullshit bankster tricks like stock market. Both things that really are completely out of control once you go in.
I’m thinking eprhaps buying cell phones and hawking them to people I know and to my cousins in my homeland, or getting a car/motocycle dealer’s license and just flipping them every few weeks, and make a 2-300 bux at least on each one. Altho the problem is, I don’t have much experience with this.
If you had 12 grand and didn’t want to keep in a bank, and wanted it to gain money, how would you invest it?[/quote]
I don’t think you understand what the word “invest” means. You aren’t talking about investing, you’re trying to make a quick buck - which will inevitably result in you losing most or all of it. I suggest online poker. That way I’ll at least be able to get some of it before you piss away the rest in some 419 scam.
[quote]admbaum wrote:
buy gold and store it in a safety deposit box at a bank. Money is just paper, but gold will always be gold. At current market values, gold is selling for 1164 an oz so that 10oz’s and some change in your pocket. Other than the safety deposit box being located in the bank, the bank has no access to your money. Moral of the story, BUY GOLD. As the US dollar becomes more useless, the cost of gold will increase against the dollar and when you sell your gold, that’s all money in your pocket.[/quote]
The upside is that we owe debt to China is US dollars. Guess who has the power to print that?
[quote]SickAbs wrote:
Invest in some muscle implants and win money doing strongman contests with your newfound muscle.[/quote]
My guess is that he’ll need a lot more than 12k to buy enough muscle implants to win anything.
My idea is to buy a lot of muscle implants. Then use the leftovers to become a promoter for a “Muscle Implant Show”. Win the show and make money from sponsors. Pitch it to NBC for their 10pm slot. Boom instant cash
[quote]admbaum wrote:
buy gold and store it in a safety deposit box at a bank. Money is just paper, but gold will always be gold. At current market values, gold is selling for 1164 an oz so that 10oz’s and some change in your pocket. Other than the safety deposit box being located in the bank, the bank has no access to your money. Moral of the story, BUY GOLD. As the US dollar becomes more useless, the cost of gold will increase against the dollar and when you sell your gold, that’s all money in your pocket.[/quote]
I’m not financial advisor, but that’s awful advice
[quote]admbaum wrote:
buy gold and store it in a safety deposit box at a bank. Money is just paper, but gold will always be gold. At current market values, gold is selling for 1164 an oz so that 10oz’s and some change in your pocket. Other than the safety deposit box being located in the bank, the bank has no access to your money. Moral of the story, BUY GOLD. As the US dollar becomes more useless, the cost of gold will increase against the dollar and when you sell your gold, that’s all money in your pocket.[/quote]
Don’t listen to this guy… He is chasing the market, which is fucking stupid.
Gold has been tanking the last 30-60 days from record highs, and is still almost double it’s last steady average. You are suggesting he buy HIGH and watch his basis turn into a giant loss.
[quote]TheBodyGuard wrote:
Buy half a brick. Round up some muscle seize some real estate from which to operate. Cook it, bag it, sell it, flip it. Rinse and repeat. Shortly, you will have brick money. When you can leverage enough bricks at one time, you can start wholesaling. Tell em they got to get down or lay down - buy only from you or they don’t buy. You gonna have to catch a body or two so they know you’re not kidding. Rent apartment in the burbs where you can “safely” stash the garbage bags of cash. Rent another in the hood where you can stash yo bricks. Let someone live there, and keep dogs there. In a short time, you can be the next street millionaire. Along the way, buy cars with rims, make it rain at the strip clubs, fuck hoes and avoid jail. You have 12k, there are those that built an empire with less.[/quote]
[quote]admbaum wrote:
buy gold and store it in a safety deposit box at a bank. Money is just paper, but gold will always be gold. At current market values, gold is selling for 1164 an oz so that 10oz’s and some change in your pocket. Other than the safety deposit box being located in the bank, the bank has no access to your money. Moral of the story, BUY GOLD. As the US dollar becomes more useless, the cost of gold will increase against the dollar and when you sell your gold, that’s all money in your pocket.[/quote]
This, look at the ten year chart for Gold. We are printing money like it is going out of style.
Charlie Munger, Warren Buffett’s long time partner says the economy is over.
Put $5000 into an S&P 500 index fund for the year 2009, or a target retirement fund (If you are young this is pretty close to an S&P 500 index fund anyways.
Put $5000 into the same fund for the year 2010. $5000 is the max allowable contribution.
Start a new thread to ask for ideas on what to do with $2000.
This is boring simple advice, but it is very likely to serve you extremely well in the distant future.
