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 Message Boards » » If you had 26K dollars to invest... Page 1 [2], Prev  
Geppetto
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I'd probably do something 2 things of a TragicNature

[Edited on December 18, 2012 at 11:39 AM. Reason : deuces]

12/18/2012 11:39:18 AM

Smath74
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investing in a bar is ALWAYS the right choice.

12/18/2012 11:43:06 AM

xienze
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A commodoties mutual fund is a decent place to set some money as a hedge and make a few percent (the one in my 401k is up like 6% this year) but in general, yeah, don't count on it making you shitloads of money. And like other alluded to, if the shit hits the fan with the dollar, it's not quite so simple to turn your gold into dollars.

12/18/2012 11:49:06 AM

BlackJesus
Suspended
13089 Posts
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26k, MASTERS DEGREE?

Assuming you have a bachelors.

[Edited on December 18, 2012 at 11:53 AM. Reason : ..]

12/18/2012 11:52:53 AM

NyM410
J-E-T-S
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^^ a general commodities fund will fall with the market.

And a simple S&P tracker has netted double what your commodities fund has this year to date. I'm all for holding gold and other commodities as part of a diversified portfolio but investing solely in a commodity is, simply put, a stupid idea (I know you aren't and its just part of your portfolio).

12/18/2012 12:01:29 PM

Bullet
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i'd buy some land.

12/18/2012 12:05:35 PM

seedless
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I'd just calm down and keep it in the bank for now.

12/18/2012 12:09:54 PM

timbo
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Both options are turrible, but the Gold/Silver option is not going to wipe you out like a bar would.

12/18/2012 2:22:27 PM

TragicNature
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NTLB

I've got a ton of shit to do today and a date tonight. Will reply in the near future...

Thanks for all the responses thus far.

12/18/2012 3:43:26 PM

ecnainedlufh
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Bitcoins

12/18/2012 4:38:52 PM

moron
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Quote :
" If the dollar does in fact collapse anytime in the near future, (1-5 years?) the price of precious metals will increase"


LOL

Next thing you know, you'll be teaching your nutjob autistic son how to shoot guns.

http://www.businessinsider.com/nancy-lanza-collected-guns-2012-12

12/18/2012 6:09:49 PM

slaptit
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Quote :
"i'd buy some land."

Probably one of the better things I've read in this thread...

Also, I'd look into REITs that invest in healthcare properties or self-storage (dont flame me! )

12/18/2012 6:26:50 PM

Cherokee
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put that shit in cd's or pay off any debt that you have currently

[Edited on December 18, 2012 at 7:02 PM. Reason : jank]

12/18/2012 7:02:01 PM

TragicNature
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Quote :
"More information needed on your bar experience. How long have you worked in a bar? Any management experience in a restaurant/bar?"


5+ years. Bartending/inventory/ordering/general shit...

Not looking to take over an existing bar. Was kinda hoping to start something new. My brother would match me on the dough, and any other would come from family.

I mean... If the economy doesn't totally tank I think it would be a cool way to make a living/be my own boss. I'm gonna talk to a few folks around town who run their own establishments and see what they have to say.

Anyway... Thanks for the replies folks. If any of you guys think of anything else worthy of adding, please do.

12/21/2012 4:27:16 AM

iheartkisses
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BTTT

This is an interesting thread. Would love to hear other suggestions for investments. Something other than gold/silver and opening a bar.

12/22/2012 8:13:29 PM

seedless
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I would just save my money until I was absolutely 100% for sure that wanted I wanted to invest in is really what I want to do. You can easily fuck this small amount of money up. If you have to question a potential investment its best to leave to alone. But, I will say one other possible investment is lottery tickets! hahah JK.

12/22/2012 8:27:21 PM

Nerdchick
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Quote :
"The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.

- Warren Buffet"


I agree with his stance on buying gold. But the restaurant/bar business is really risky and takes a LOT of work. Do you just want your money to make money? There are many safer and easier options than opening a bar.

12/23/2012 5:55:26 PM

Kris
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Don't put all your eggs in one basket. The key to smart investing is diversifying. You want to manage risk and reduce exposure. If you want to invest in gold, take 5k and buy some, use the rest to invest in bonds, stocks, and keep some cash. If you want to invest in a business, do a LOT of research, then find others to invest with you, and DON'T spend all 26 at first, you'll need to keep putting money into it for at least a year before you can even hope to start recouping you original investment.

[Edited on December 23, 2012 at 8:42 PM. Reason : ]

12/23/2012 8:41:44 PM

TragicNature
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Quote :
"Do you just want your money to make money? There are many safer and easier options than opening a bar. "


Pretty much. Enlighten me...

2/26/2013 1:42:36 AM

willembahh
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Vitamin Water

2/26/2013 1:47:58 AM

TragicNature
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I want it to make REAL money though. Not pennies on the dollar over a long period of time.

2/26/2013 1:55:09 AM

TragicNature
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Quote :
"My company will give you 4% on a 26K term loan with a term of 36 months payable to you as $810/month for a total of $29,160 and a profit of $3,160."


Something like this is laughable, IMO.

2/26/2013 1:55:50 AM

stopdropnrol
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rental properties?

2/26/2013 6:39:29 AM

OopsPowSrprs
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If I had an idea how to make real money, I would be out doing it instead of telling everyone.

Unfortunately I don't so instead I suck the corporate dick for 50+ hours a week and get my jollies posting on message boards.

But seriously if you want to make real money you need to be entrepreneurial and think of something cool that I don't even know about.

[Edited on February 26, 2013 at 7:33 AM. Reason : .]

2/26/2013 7:30:35 AM

jsdail
All American
3260 Posts
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just drop the 26K on hookers & drank

2/26/2013 8:54:01 AM

Mr. Joshua
Swimfanfan
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One chick at the same time.

2/26/2013 9:03:04 AM

mrfrog

15145 Posts
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I gather that the OP wants a high-risk high-yield investment.

Such things are out there, but identifying them is the hard part. For the obvious approach, just go into specific public stocks. Don't trade, just find a promising company and park your money in it. If you don't know how to read a balance sheet, then subscribe to the Motley Fool or something.

If you're interested in local investments... don't. But if you do, start by talking to someone who knows what they're talking about. 26K honestly makes you the sucker at the table.

But is the OP willing to put effort into it? Flipping properties isn't a bad hobby to have, but still, not enough $$ to have the leverage needed. Or maybe invest in a hot dog stand. I bet those cost around $20k to get going. And I hear unemployment is still high, so I bet you can find a sucker to work for ya.

2/26/2013 9:09:03 AM

jbrick83
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food truck

2/26/2013 9:09:39 AM

mrfrog

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A food truck is vastly too expensive.

2/26/2013 10:21:01 AM

Str8BacardiL
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41752 Posts
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• Antiques
• Blow

2/26/2013 10:21:37 AM

robster
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yeah, while banks are not offering great rates these days, plenty of companies are interested in taking your money as loans with secured debt. I know a guy who will give anyone 8% on their money, tied to a deed of trust at 60cents on the dollar value of the property, and he pays back as interest only until you want the full payout of the principle.

2/26/2013 11:20:47 AM

Ultraspank
All American
626 Posts
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RENTAL PROPERTY

2/26/2013 2:24:04 PM

Mr. Joshua
Swimfanfan
43948 Posts
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DOG FIGHTING

2/26/2013 2:27:00 PM

BigHitSunday
Dick Danger
51059 Posts
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Quote :
"I'm out!"

2/26/2013 2:38:49 PM

Str8BacardiL
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2/26/2013 2:48:43 PM

Jeepxj420
All American
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2/26/2013 6:11:39 PM

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