What should I do with all my money?

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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!
  • Profile picture of the author DEaFeYe
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  • Profile picture of the author Ajay Tiwari
    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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  • Profile picture of the author Lori Kelly
    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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  • Profile picture of the author hardraysnight
    SERIOUSLY LOOK AT SPORTS ARBITRAGE
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  • Profile picture of the author HeySal
    Originally Posted by Chris Sweeney View Post

    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...............
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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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  • Profile picture of the author HeySal
    Originally Posted by Chris Sweeney View Post

    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...............
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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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  • Profile picture of the author HeySal
    Originally Posted by Chris Sweeney View Post

    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...............
    Signature

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

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  • Profile picture of the author A14
    Banned
    I suggest investing it online in a safe way and a quality idea rather than offline
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    • Profile picture of the author JDArchitecture
      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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      • Profile picture of the author Chris Sweeney
        Originally Posted by DEaFeYe View Post

        put it on black

        also, hi from Media
        What's up neighbor!

        Originally Posted by oncewerewarriors View Post

        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 View Post

        I suggest investing it online in a safe way and a quality idea rather than offline
        Originally Posted by Lori Kelly View Post

        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 View Post

        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.
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  • Profile picture of the author SamirRastogi
    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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  • Profile picture of the author James Liberty
    Buy a duplex and rent it out. Cash-flow real estate earnings are tax free.
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    • Profile picture of the author Chris Sweeney
      Originally Posted by James Liberty View Post

      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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  • Profile picture of the author Lori Kelly
    Cash flow real estate earnings are not tax free in the US.
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  • Profile picture of the author Justin Says
    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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    • Profile picture of the author 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.
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      • Profile picture of the author Wilma1980
        Originally Posted by raiko View Post

        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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  • Profile picture of the author remymartin1
    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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  • Profile picture of the author SeoMonster1
    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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  • Profile picture of the author 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.
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    • Profile picture of the author kenmichaels
      Originally Posted by Kurt View Post

      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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      • Profile picture of the author Kurt
        Originally Posted by kenmichaels View Post

        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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    • Profile picture of the author ProScribe
      Originally Posted by Kurt View Post

      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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  • Profile picture of the author KuanYew
    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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  • Profile picture of the author teleam
    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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  • Profile picture of the author chrislangley
    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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  • Profile picture of the author JaneChan
    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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  • Profile picture of the author jeremytfleming
    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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  • Profile picture of the author jmark1107
    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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  • Profile picture of the author UptonGoodwin
    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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  • Profile picture of the author Thomas Wilkinson
    Buy a copy of "Rich Dad Poor Dad" and memorize it before you do anything.

    Thomas
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    When you hear someone telling you what YOU can't do, they are usually talking about what THEY can't do.
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  • Profile picture of the author kbshah555
    My suggestion would be to invest in GOLD and SILVER. Definitely good return and safe investment.
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  • Profile picture of the author JaneChan
    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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  • Profile picture of the author kiddoman
    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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