I'm looking to invest some money. I know we kinda went through this before but Im seriously interested in stacking a decent amount for the near future.
I don't want to sell weed cuz I did that in the 90s and I'm too grown to be getting locked up for that shit. Crack is just bad karma. Heroine and the rest is too risky and complicated business wise.
Seriously, how should I go about investing a small amount, say $50-100 and building up to a few thousand of ready to use money in 5 years?
You need something you can mark up 10x.
T shirts work but you have to hustle.
On the other hand, you can buy a sheet of Lysergic acid diethylamide for $100 and sell each hit for $10.
Penny stocks.
Not a lot of good options for $100.
Posted by TMS:
agree w/Panos.
I would agree with him too but isn't prostitution legal there? That would be 50-100 bills well spent.
The only way to turn 100 to 1000 in 5 years is by gambling. Your asking for a 1000% gain. If we knew how to do that we'd all be rich.
This is gonna sound stupid, but to be completely honest, what you need to do is figure out a way to save more. Put yourself on the savings schedule. Take $100 from every paycheck and put it into a high interest internet savings account every month. I'm talking one of the accounts from HSBC or Emigrant Direct that give you 5% annual percentage yield. You pretty much have zero risk of losing you're principal and your money will be at least be earning interest and working for your rather than sitting in a drawer or on your debit card ready to be wasted on something. Then when you get to a decent amount like 2000-3000 dollars, find a nice mutual fund (you also should budget out some time every month read about how the securities markets work). Once your mutual fund does ok and you've sufficiently educated yourself, you can start to dabble in stocks.
But you first have to temper your expectations. What you propose in your first thread is not plausible. Remember, the more you expect to get, the more risk you have to take- and since it sounds like you're trying to save for a rainy day, you basically should be thinking low risk tolerance.
And saving money is like a diet. It takes a lot of discipline not to touch that cash. So make a plan to put it away and pretend like you don't even have it.
[Edited by - vdesai on 06-11-2007 11:11 AM]
[Edited by - vdesai on 06-11-2007 11:13 AM]
" And saving money is like a diet. It takes a lot of discipline not to touch that cash. So make a plan to put it away and pretend like you don't even have it."
Words of wisdom VDesai !!
1. Buy a slingbox.
2. Charge Firefly $100 a month to use your box to watch Knick games.
Posted by Andrew:
1. Buy a slingbox.
2. Charge Firefly $100 a month to use your box to watch Knick games.
NICE!
Or you can do some white-collar gambling and pick up the Wall Street Journal.
I get the whole mutual funds, etc.
This is all retirement stuff basically. Its just like a 401k or a life insurance policy. At least you could borrow from your policy. Are we all living to retire?
So in other words you need to have your own money and good credit to do anything right?
I guess putting in overtime and just saving until someone steals your identity or you get killed is the American dream huh?
Lmao!
buy 100 lottery tickets.
sacrifice a goat and pray to jobu.
You have to be willing to risk. There are no sure things if you want those kinds of profits. The best you can do for minimal risk is mutual funds and accept your measley ~10% a year (knowing that even with that, some years will be better than others and occasionally some may even go negative).
--->I don't want to sell weed cuz I did that in the 90s and I'm too grown to be getting locked up for that shit. Crack is just bad karma. Heroine and the rest is too risky and complicated business wise.
Ouch
You can make $100s in just minutes with NO money down.
Take a sheet of thick contruction paper. Off white color will do. Cut sheet into square, cut square into 10 strips and cut each strip into ten small squares. Head to Washington Square park. Sell these little things for as much as you want to the hippies walkin by.
sell meth to the crank heads and watch your kingdom grow
Posted by kam77:
You can make $100s in just minutes with NO money down.
Take a sheet of thick contruction paper. Off white color will do. Cut sheet into square, cut square into 10 strips and cut each strip into ten small squares. Head to Washington Square park. Sell these little things for as much as you want to the hippies walkin by.
you might also want to invest a few bucks on a pair of rollerblades, cuz when your customers find out you bamboozled them they'll be coing after yo azz.
