What Else Do YOU Invest in? And How Is It Doing.....?

by Ernie Lo

Posted: 14 years ago 13 replies

INTERNET MARKETING

Although not directly about "internet marketing", I think most of just want to be financially wealthy enough to not need a JOB so question is....what do you invest in besides website/information products?

- I bought a few Silver bars last year which have appreciated about 15-20% in about 9 months

That's all really

If you don't invest in things but make extra money doing other side things like "recycling metal, cans, cardboard or selling old washing machines or something) you could list that if you want to.

Of course I understand some things you may wish to keep private but other investments can be shared without effecting you, so do tell.

#invest

Davidoff

14 years ago

Hey Ernie! Here's what people do:

1. Buy the latest Get-rich-quick ebook, software, or positive-thinking audio every now and then (when they have money left)

2. Do an event "investment" (like in silver today, hurray) every now and then (often even with borrowed money, not in your case of course)

3. Follow this approach all their life

= Another one of those millions of people who wasted their life pursuing what they'll never get because they do the wrong thing... every now and then.

(autsch)

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1 reply

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theemperor

14 years ago

Well done for the silver profits!

I tend to stay away from "investments" and keep most money as cash. I want to concentrate on IM as a way of generating cash without worrying about how my other investments are doing.

Take Silver for example - how did you know that the Silver/Gold "Bubble" wasn't about to burst when you purchased? There is a lot of research required when doing this kind of investment, and I'd rather put that time into IM.

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Davidoff 14 years ago

in cash...

and that's exactly why even emperors end where they don't want to end.

Nice
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- 1 reply
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- theemperor 14 years ago
  
  Originally Posted by Davidoff
  
  in cash...
  
  and that's exactly why even emperors end where they don't want to end.
  
  Nice
  
  Lol! :rolleyes: You have no idea what I plan to do with the money, and when, so how do you know if cash is or isn't the best vehicle for me?
  
  Thanks
  
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Ernie Lo

14 years ago

Originally Posted by Davidoff

Hey Ernie! Here's what people do:

those millions of people who wasted their life pursuing what they'll never get because they do the wrong thing... every now and then.

(autsch)

Hi David...LOL yes that is most people. I agree I definitely wouldn't ever borrow money for an investment, because nothing is ever guaranteed - that's a sure way to live on the fast stressful lane

Originally Posted by theemperor

Well done for the silver profits!

I tend to stay away from "investments" and keep most money as cash.

Take Silver for example - how did you know that the Silver/Gold "Bubble" wasn't about to burst when you purchased? There is a lot of research required when doing this kind of investment, and I'd rather put that time into IM.

Investing isn't for everyone, so do what you feel is comfortable and profitable for you. I'm only starting to learn how people get rich and it's not by buying large mortgages or letting money rot in a bank at 4% interest

That's a good question about the Silver...how did I know? Well I spoke to a very smart person who is doing the same and I trust.I also went on related forum and did a lot of research, looking at past graphs, and how I thought the future for Silver is, and it looked positive. I was pretty lucky that the spot price did drop a couple of dollars right when I was buying so I was 99% certain it was a great price. I'm still a bit angry actually....I told my mum to let me borrow some cash because I knew the price was going to go back up....oh well better to have some than nothing. Kind of contradicts my advice about not borrowing money....maybe I should of rephrased it...you can borrow other peoples money

Thanks
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Davidoff

14 years ago

I need to get on with my own things but one last post+hint - with my heartfelt desire to HELP you:

Originally Posted by Ernie Lonardo

Well I spoke to a very smart person who is doing the same and I trust....
...I told my mum to let me borrow some cash because I knew the price was going to go back up

Blimey Ernie! You KNEW??
--> You BELIEVED it would
(people also believe in God and never meet him/her)

2nd, does your VERY SMART person, at the very least, know what ASSET TYPE he recommended you there? And did YOU know when you followed his advice?
Does he know why this is a crucial question? And do YOU know?
Does he know what correlates with an asset type, and what the underlying economic characteristics of silver are, and why YOU most likely didn't actually WANT to buy silver in the first place?

P.S.: You can only WANT to buy sth if you know WHAT it is. Else you buy what OTHERS want you to buy (because they just "bought" you)

Thanks
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Ernie Lo

14 years ago

Sorry David but what exactly are your trying to say...your post was a pile of WTF:confused:

I bought the Silver because I believed it was a good idea that was going to end up being worth more than I paid for it. (which it has)

Nobody made me buy it, but I do listen to other peoples advice (especially those who are smarter and richer than I am) and then do my own research because thats how we learn and grow.

Originally Posted by Davidoff

I need to get on with my own things but one last post+hint - with my heartfelt desire to HELP you:

Blimey Ernie! You KNEW??
--> You BELIEVED it would
(people also believe in God and never meet him/her)

2nd, does your VERY SMART person, at the very least, know what ASSET TYPE he recommended you there? And did YOU know when you followed his advice?
Does he know why this is a crucial question? And do YOU know?
Does he know what correlates with an asset type, and what the underlying economic characteristics of silver are, and why YOU most likely didn't actually WANT to buy silver in the first place?

P.S.: You can only WANT to buy sth if you know WHAT it is. Else you buy what OTHERS want you to buy (because they just "bought" you)

Thanks

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theemperor 14 years ago

I think Davidoff is saying that other people may have a vested interest when they recommend something.

??
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- Ernie Lo 14 years ago
  
  Originally Posted by theemperor
  
  I think Davidoff is saying that other people may have a vested interest when they recommend something.
  
  ??
  
  Yeah I think that what he is saying....in some crazy obnoxious way... thats the exact attitude why people stay poor, their minds are so negative and closed.
  
  Thanks
  
  1 reply
  
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  Davidoff 14 years ago
  
  Ernie, is not fair is it? After I've spent long to help.
  Never mind.
  
  a) I like quizzes - helps people to engage their brain
  b) I just couldn't be more direct, sorry. It shouldn't sound obnoxious, it's just if I write more, people will take it as "selling you sth" - which I have no interest in.
  
  Had you wanted to take the free mini course I believe you would have clicked it. So just forget it, sorry to have responded here. - Let's focus on internet marketing again.
  
  Thanks
  
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Ernie Lo 14 years ago

No need to apologize David but yes in future please more direct and less "riddle like" with me Maybe I was too quick to react to your "style".

Yes Internet Marketing...that's why we are here.
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BlazingSwitch 14 years ago

Most of my investment goes right back into my businesses, or content production. I simply get the biggest return for my money there.

I do buy, and read, a lot of ebooks and try and keep the ideas cooking. Most are complete ****, or outdated. However, you will typically pick up a gem or two in each one. Not always, but more often then not.

I will almost never follow, or buy into, any on single ebook or concept. I will read a number of books or material on the subject, and develop my OWN game plan and ideas based on the experience of others.
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JEL0221 14 years ago

My investment concentration is primarily in the commodity markets, as thats what I do in my day job.

It is not exactly 'kosher' for me to trade my own individual account, so I primarily concentrate on trading client accounts with an 'investment style' approach.

Aside from commodities, I am also involved in real estate, and have been in the past...."flipping" houses.

Essentially we look to buy up cheap, run-down properties at low prices, fix them up to improve their quality (and actually make them 'liveable'), and then sell them off for profit.

No need to be building new houses in the current economic climate. It is better to just work on what we currently have IMO.
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What Else Do YOU Invest in? And How Is It Doing.....?

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