What should I do with all my money?

Banned 12 years ago

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12 years ago

Well for offline business only you can answer your question because i believe you know much better about your living area and requirement than any other person here in WF. I think you should do a little research about what is that thing or service which is not available in your area & peoples need it in daily life. You can find such business and invest in that.

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Lori Kelly

12 years ago

Yes, I agree to research the possibilities in your area. With the economy heading in a direction to be that of a tenant/rental market, storage facilities might be a good idea. A close friend of mine owned several and made good money.

Another friend of mine started car washes and he retired at a young age.

Why are you eliminating the online market possibility? With that kind of money, you could start something that is very profitable.

Good luck Chris.

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hardraysnight

12 years ago

SERIOUSLY LOOK AT SPORTS ARBITRAGE

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HeySal

12 years ago

Originally Posted by Chris Sweeney

No, seriously, what should I do? Let's say I have $10k-$20k. How can I invest that wisely in the offline world? I'm not talking about a crappy savings account that'll give me a fraction of a percent return, nor do I want to invest in the risky stock market (unless there's minimal risk/maximum return, which isn't common). I was thinking of something like buying a couple billboards and renting out ad space, or even buying a few garages and renting them for storage space. Anybody do any of those things, or have any other suggestions how I can put my money to work for me? I appreciate your responses - thanks!

Idaho is building a silver processor. They've quit outsourcing their silver (3rd largest producer in the world) and are going to process their own. If I had 10k to sink into an investment right now - I'd look at that or any other such companies or facilities being developed by a state that will help secure the nation.

But that's just me...............

Thanks

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Sal
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HeySal

12 years ago

Originally Posted by Chris Sweeney

No, seriously, what should I do? Let's say I have $10k-$20k. How can I invest that wisely in the offline world? I'm not talking about a crappy savings account that'll give me a fraction of a percent return, nor do I want to invest in the risky stock market (unless there's minimal risk/maximum return, which isn't common). I was thinking of something like buying a couple billboards and renting out ad space, or even buying a few garages and renting them for storage space. Anybody do any of those things, or have any other suggestions how I can put my money to work for me? I appreciate your responses - thanks!

Idaho is building a silver processor. They've quit outsourcing their silver (3rd largest producer in the world) and are going to process their own. If I had 10k to sink into an investment right now - I'd look at that or any other companies or facilities that will promote sustainable..well....anything....being developed by a state that will help secure the nation.

But that's just me...............

Thanks

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Sal
When the Roads and Paths end, learn to guide yourself through the wilderness
Beyond the Path

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HeySal

12 years ago

Originally Posted by Chris Sweeney

No, seriously, what should I do? Let's say I have $10k-$20k. How can I invest that wisely in the offline world? I'm not talking about a crappy savings account that'll give me a fraction of a percent return, nor do I want to invest in the risky stock market (unless there's minimal risk/maximum return, which isn't common). I was thinking of something like buying a couple billboards and renting out ad space, or even buying a few garages and renting them for storage space. Anybody do any of those things, or have any other suggestions how I can put my money to work for me? I appreciate your responses - thanks!

Idaho is building a silver processor. They've quit outsourcing their silver (3rd largest producer in the world) and are going to process their own. If I had 10k to sink into an investment right now - I'd look at that or any other companies or facilities that will promote sustainable..well....anything....being developed by a state that will help secure the states financial independence.

But that's just me...............

Thanks

Signature

Sal
When the Roads and Paths end, learn to guide yourself through the wilderness
Beyond the Path

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A14

Banned 12 years ago

I suggest investing it online in a safe way and a quality idea rather than offline

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1 reply

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JDArchitecture 12 years ago

I hate to say it but you're a prime target to lose it all.

Throwing ideas out like billboards is scary. Not saying it's necessarily a bad thing, but never invest in anything you don't understand.

I would also stay away from real estate at the moment. Besides, $10-$20K isn't going to get you anything.

If that sum represents your entire nest egg, the bank is the best place for it. Not sexy and certainly the returns suck, but it's safe and liquid -- and that has value.

On the other hand, if that's cash you can stand to lose, and you are stock market adverse, then consider buying precious metals in the form of coins.

Also, if you pay income taxes, you might want to full fund your IRA.
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- 1 reply
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- Chris Sweeney 12 years ago
  
  Originally Posted by DEaFeYe
  
  put it on black
  
  also, hi from Media
  
  What's up neighbor!
  
  Originally Posted by oncewerewarriors
  
  SERIOUSLY LOOK AT SPORTS ARBITRAGE
  
  Do you actually do this? I thought about it before but never really looked too hard into it.
  
  Originally Posted by A14
  
  I suggest investing it online in a safe way and a quality idea rather than offline
  
  Originally Posted by Lori Kelly
  
  Why are you eliminating the online market possibility? With that kind of money, you could start something that is very profitable.
  
  The only way I've been making money online is by building niche websites and selling advertising and/or promoting affiliate products. What are your suggestions for other ways of investing my money online?
  
  Originally Posted by JDArchitecture
  
  I hate to say it but you're a prime target to lose it all.....
  
  Don't worry, I'm no fool when it comes to my money. I always do my due diligence before committing large sums of money to anything. I'm just looking for ideas, that's all.
  
  Thanks
  
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SamirRastogi

12 years ago

If you want to put some money into the stock market, there is a low risk way to do it by buying index funds. Index funds allow you to invest in a basket of stocks rather than individual companies so the risk is lower and many of them even pay dividends so that's an added bonus.

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James Liberty

12 years ago

Buy a duplex and rent it out. Cash-flow real estate earnings are tax free.

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1 reply

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Chris Sweeney 12 years ago

Originally Posted by James Liberty

Buy a duplex and rent it out. Cash-flow real estate earnings are tax free.

I do indeed have a duplex with a real nice cash flow Buying another one is certainly an option; I'm just not sure if I want to get another one yet or invest in something else.
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Lori Kelly

12 years ago

Cash flow real estate earnings are not tax free in the US.

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Justin Says

12 years ago

I would say definitely pocket most of the money and don't invest it unless you are comfortable with risks.

But take $1,000 and test out advertising with Facebook. If you have any questions shoot me a PM. It's not hard to build an outstanding list with very little money.. imagine if you invested even more *good lord*.

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raiko

12 years ago

Great question with no easy answer. I'm kind of in the same boat except that I'm in CA which requires a somewhat larger investment if you're looking at real estate. I actually think that real estate may be a good investment right now in some areas. Not for flipping like everyone wants to do but for long term cash flow. I would guess there are a lot of positive cash flow opportunities within driving distance of your area in Philly. Plus if you already own a rental then you have the experience. Just get a property manager and spend your time buying units rather than managing them. I bought a few properties dirt cheap back in the real estate crash during the early 90's and am semi retired now. But, it's to the point where I'm starting to look around and thinking of picking up a couple more properties if the right opportunity comes along.

Online investments are good as well but I like to be a little diversified. The stock market has about a 0% return over the last decade or more so it hasn't panned out as well as people think. Plus real estate is a good hedge against inflation if it shows up down the road because of the Fed's actions over the last couple years. Precious metals may be good but may not. They definitely have some room for some downside while real estate for the most part couldn't be too far from the bottom if it's not already stabilized. So, I'm leaning toward cash flow real estate more then anything else right now.

Good luck.

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Wilma1980

12 years ago

Originally Posted by raiko

Great question with no easy answer. I'm kind of in the same boat except that I'm in CA which requires a somewhat larger investment if you're looking at real estate. I actually think that real estate may be a good investment right now in some areas. Not for flipping like everyone wants to do but for long term cash flow. I would guess there are a lot of positive cash flow opportunities within driving distance of your area in Philly. Plus if you already own a rental then you have the experience. Just get a property manager and spend your time buying units rather than managing them. I bought a few properties dirt cheap back in the real estate crash during the early 90's and am semi retired now. But, it's to the point where I'm starting to look around and thinking of picking up a couple more properties if the right opportunity comes along.

Online investments are good as well but I like to be a little diversified. The stock market has about a 0% return over the last decade or more so it hasn't panned out as well as people think. Plus real estate is a good hedge against inflation if it shows up down the road because of the Fed's actions over the last couple years. Precious metals may be good but may not. They definitely have some room for some downside while real estate for the most part couldn't be too far from the bottom if it's not already stabilized. So, I'm leaning toward cash flow real estate more then anything else right now.

Good luck.

I agree with you

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remymartin1

12 years ago

how about bonds or mutual funds..
it's a good question.. I was also thinking of this.
there should be some VC funds.. which invest $ into companies that may have future..

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SeoMonster1

12 years ago

First take a look around your localities and do well research to get a clear and exact concept of what is going on out there. Then decide what to do. Both offline and online would be safe and good for you, if you have the whole knowledge about what are you doing.

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Kurt

12 years ago

You may want to try giving a few microloans through Kiva. You won't get rich, or even make alot, but I "think" the average return is about 4%. It's better than a bank account and you'l be helping people that really need it:

Kiva - Loans that change lives

Then...For a real investment, buy content/articles, domains, hosting and some SEO services from Fiverr.com and keep the other $8000-18000 in a safe bank account until you figure out your own system for developing websites.

IOW, maybe put $1000 on Kiva and $2000 towards developing websites by outsourcing.

Thanks
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kenmichaels

12 years ago

Originally Posted by Kurt

Kiva - Loans that change lives

.

Kurt, i never heard of kiva, i just spent some time checking it out.
do you know much about it ? as in have you done it, do the
borrowers really get the loan? I do charity work when i can.
something like this seems right up my alley, if its real.

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Kurt

12 years ago

Originally Posted by kenmichaels

Kurt, i never heard of kiva, i just spent some time checking it out.
do you know much about it ? as in have you done it, do the
borrowers really get the loan? I do charity work when i can.
something like this seems right up my alley, if its real.

It's totally legit. I believe the guy that started it won a Nobel Prize.

There is some risk that you won't get paid back, but the pay back rate is very high. And the impact it has on not only those that get loans, but their communties is huge.

Unlike most "charities", with Kiva the money goes straight from you to the person in need. There's no skimming or hassling with gov. agencies.

And when (if) someone pays you back, use the money to loan to someone else.

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ProScribe

12 years ago

Originally Posted by Kurt

You may want to try giving a few microloans through Kiva. You won't get rich, or even make alot, but I "think" the average return is about 4%. It's better than a bank account and you'l be helping people that really need it:

Kiva - Loans that change lives

Then...For a real investment, buy content/articles, domains, hosting and some SEO services from Fiverr.com and keep the other $8000-18000 in a safe bank account until you figure out your own system for developing websites.

IOW, maybe put $1000 on Kiva and $2000 towards developing websites by outsourcing.

Awesome idea Kurt, I love the microloans idea. Giving entrepreneurs in developing countries a chance to get going. But I didn't actually realise there was a simple way to participate.

Just showed my girlfriend this page, and we are definitly going to invest some cash.

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KuanYew

12 years ago

i'd say invest in education, like investment education, then use 25% of the money to start investing, the key here is to learn how to make monehy work for you in the long run right, been introduced to options trading recently, i see great potential there, would do some myself when i have that extra budget to plahy with

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teleam

12 years ago

If you can afford it buy gold. At least have some when the time comes that our currency is worthless you'll have something to bargain with.

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chrislangley

12 years ago

I would go with renting out advertising space, as you are looking for a regular income despite the state of the economy (or something that increases with inflation)

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JaneChan

12 years ago

Hello Chris,

If you want I can help you where you can invest some of your money.. I know a good investment where in you can let your money work for you.

Thanks,
Jane

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jeremytfleming

12 years ago

Hey Chris,
You seem like a pretty smart guy, so obviously we understand you won't be rushing out and dumping your loot into the "next big thing".

It all depends on the return you realistically are looking for - here in Canada, there are a number of safe options - one of which is Mortgage Investment Corporations. MICs return between 9%-12% depending on the manager (some lower, some higher), but for the most part your cash is pretty darn safe!

Personally I have invested in straight up real estate (houses), but there is a big learning curve for some there as well. If nothing else..... I hear Vegas has some great Casinos. Lol, jk.

Peace.

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jmark1107

12 years ago

You can find your business when you look around your environment, And you can think what you can do with it.

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UptonGoodwin

12 years ago

You can give me the money and I'll bury it in the ground and a year from now I will dig it up and give you your money back! It's a great investment strategy if you want to break even!

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Thomas Wilkinson

12 years ago

Buy a copy of "Rich Dad Poor Dad" and memorize it before you do anything.

Thomas

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kbshah555

12 years ago

My suggestion would be to invest in GOLD and SILVER. Definitely good return and safe investment.

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JaneChan

12 years ago

Develop a good website and then do CPA. You can outsource or hire someone in freelancing sites in which they are going to provide you or optimize your site to drive more traffic and increase page rank then you can do CPA.

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kiddoman

12 years ago

You can try to invest it into some stock market with little money, not too much, once you get some skills, you can try to add the investment to get more reward!

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What should I do with all my money?

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