Geppetto All American 2157 Posts user info edit post |
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
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Smath74 All American 93281 Posts user info edit post |
investing in a bar is ALWAYS the right choice. 12/18/2012 11:43:06 AM
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xienze All American 7341 Posts user info edit post |
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
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BlackJesus Suspended 13089 Posts user info edit post |
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
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NyM410 J-E-T-S 50085 Posts user info edit post |
^^ 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
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Bullet All American 28605 Posts user info edit post |
i'd buy some land. 12/18/2012 12:05:35 PM
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seedless All American 27142 Posts user info edit post |
I'd just calm down and keep it in the bank for now. 12/18/2012 12:09:54 PM
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timbo All American 1003 Posts user info edit post |
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
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TragicNature All American 11805 Posts user info edit post |
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
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ecnainedlufh All American 727 Posts user info edit post |
Bitcoins 12/18/2012 4:38:52 PM
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moron All American 34471 Posts user info edit post |
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
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slaptit All American 2991 Posts user info edit post |
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
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Cherokee All American 8264 Posts user info edit post |
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
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TragicNature All American 11805 Posts user info edit post |
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
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iheartkisses All American 3791 Posts user info edit post |
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
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seedless All American 27142 Posts user info edit post |
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
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Nerdchick All American 37009 Posts user info edit post |
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
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Kris All American 36908 Posts user info edit post |
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
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TragicNature All American 11805 Posts user info edit post |
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
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willembahh All American 2378 Posts user info edit post |
Vitamin Water 2/26/2013 1:47:58 AM
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TragicNature All American 11805 Posts user info edit post |
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
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TragicNature All American 11805 Posts user info edit post |
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
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stopdropnrol All American 3909 Posts user info edit post |
rental properties? 2/26/2013 6:39:29 AM
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OopsPowSrprs All American 8383 Posts user info edit post |
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
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jsdail All American 3260 Posts user info edit post |
just drop the 26K on hookers & drank 2/26/2013 8:54:01 AM
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Mr. Joshua Swimfanfan 43948 Posts user info edit post |
One chick at the same time. 2/26/2013 9:03:04 AM
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mrfrog ☯ 15145 Posts user info edit post |
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
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jbrick83 All American 23447 Posts user info edit post |
food truck 2/26/2013 9:09:39 AM
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mrfrog ☯ 15145 Posts user info edit post |
A food truck is vastly too expensive. 2/26/2013 10:21:01 AM
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Str8BacardiL ************ 41759 Posts user info edit post |
• Antiques • Blow 2/26/2013 10:21:37 AM
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robster All American 3545 Posts user info edit post |
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
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Ultraspank All American 626 Posts user info edit post |
RENTAL PROPERTY 2/26/2013 2:24:04 PM
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Mr. Joshua Swimfanfan 43948 Posts user info edit post |
DOG FIGHTING 2/26/2013 2:27:00 PM
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BigHitSunday Dick Danger 51059 Posts user info edit post |
2/26/2013 2:38:49 PM
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Str8BacardiL ************ 41759 Posts user info edit post |
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2/26/2013 2:48:43 PM
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Jeepxj420 All American 6755 Posts user info edit post |
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2/26/2013 6:11:39 PM
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