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 still beLIEve
State Property..Again
Registered: 04/20/08
Posts: 17,167
Loc: a world thats not my own
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 how would you invest 85 grand 
#585888 - 09/12/11 11:53 PM (13 years, 3 months ago) |
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tell me tell me
houses seem legit.
buy two foreclosures. collect rent. buy a third house. etc etc.
but tell me how you'd do it.
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niteowl said:
See, that term pedo gets thrown around a lot.
Is a 16 year old guy having sex w/a 16 year old girl a pedophile?
If not, then how is a 30 year old considered a pedophile for doing the same thing?
I think y'all need to look up the definition for pedophile.
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nannybooboo
Registered: 04/23/11
Posts: 3,089
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Re: how would you invest 85 grand [Re: still beLIEve]
#585892 - 09/13/11 12:16 AM (13 years, 3 months ago) |
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try to buy a little land in mexico or the philippines and build some shit, i dunno
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 NobodyImportant
Science Is Subculture
Registered: 05/03/08
Posts: 4,981
Loc: Jawjuh.
Last seen: 11 years, 8 months
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Re: how would you invest 85 grand [Re: nannybooboo] 1
#585894 - 09/13/11 12:23 AM (13 years, 3 months ago) |
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Buy a few acres of fertile land in the middle of nowhere
invite hippies
start commune
????
profit
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Glass By: US Tubes, ZOB, Roor.de, Sheldon Black, Jerome Baker, Medicali, Kennaroo, Sand, Alex K, Local and Unknown Artists
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Picklez
Registered: 04/20/08
Posts: 17,919
Last seen: 10 years, 6 months
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Re: how would you invest 85 grand [Re: still beLIEve]
#585896 - 09/13/11 12:27 AM (13 years, 3 months ago) |
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property would be the best way to go, especially right now while the housing market is on the rebound
you wouldnt even necessarily need to buy a house, just the land would be a good investment (maybe even better than a property)
If you were to buy a property, I would look into buying several condo's instead of a house. condo's are easier to rent out and often have amenities with them such as fitness centers, pools, and other things like basketball courts depending on the neighborhood.
If you did buy a property it would probably be best to buy 1 property outright instead of buying several and having mortgages to pay.
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nannybooboo
Registered: 04/23/11
Posts: 3,089
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Re: how would you invest 85 grand [Re: NobodyImportant] 1
#585897 - 09/13/11 12:27 AM (13 years, 3 months ago) |
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steal underpants
???
profit
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Picklez
Registered: 04/20/08
Posts: 17,919
Last seen: 10 years, 6 months
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Re: how would you invest 85 grand [Re: Picklez]
#585903 - 09/13/11 12:35 AM (13 years, 3 months ago) |
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You could also invest in the financial market in safe stuff like bonds and CD's (certificate of deposit). CD's usually have good return rates but your money is locked up for an agreed upon amount of time and if you take it out early there is a penalty attached. With CD's the longer you are able to lockup the funds, the higher the return rate is.
Right now rates are somewhat low, 2.25 on 5 years. 85k would net you 9,400$ in profit.
It wouldnt make you as much money as investing in property but it is a safe/guaranteed option.
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NobodyImportant
Science Is Subculture
Registered: 05/03/08
Posts: 4,981
Loc: Jawjuh.
Last seen: 11 years, 8 months
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Re: how would you invest 85 grand [Re: Picklez]
#585908 - 09/13/11 12:39 AM (13 years, 3 months ago) |
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IMO CDs are a bad idea
they hang on to your money for way to long for it to be worth it
5 years from now if you were to invest 10k, the $10,500 you get back will be worth less than the original 10k was in terms of buying power
plus who knows if these financial institutions are gonna tank, the FDIC says they will insure everything but thats complete bullshit. they dont have nearly enough money if even one of the big guys goes down which isnt that unlikely with how fucked up everything is at the moment
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Glass By: US Tubes, ZOB, Roor.de, Sheldon Black, Jerome Baker, Medicali, Kennaroo, Sand, Alex K, Local and Unknown Artists
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Picklez
Registered: 04/20/08
Posts: 17,919
Last seen: 10 years, 6 months
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1) You agree to how long your money is locked up. You can do as short as a 6 month CD.
2) Banks are not going to tank.
3) The amount he has theoretically to invest is 85k, not 10k. There is a huge difference in the return amounts
4) It is statistically the safest investment option. (this doesnt mean highest yielding)
I am not saying it is the BEST option. There are definitely ways you could make more money, but there is always risk involved. Even with property, you never know what kind of tenants you are going to have. Never know if you would be able to constantly rent it out (it could sit empty several months while you look for a suitable renter which means you are losing money every month).
Property also takes time to appreciate in value and even then it doesnt always. You never know what a neighborhood will be like 10 years down the road. Something that is nice now, could be a shithole in 10 years
If it were my money, I would buy land with a huge chunk of it then put the rest into a CD or Bonds.
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NobodyImportant
Science Is Subculture
Registered: 05/03/08
Posts: 4,981
Loc: Jawjuh.
Last seen: 11 years, 8 months
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Re: how would you invest 85 grand [Re: Picklez]
#585914 - 09/13/11 12:57 AM (13 years, 3 months ago) |
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Buy a quarter ounce of raw LSD
???
Profit
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Glass By: US Tubes, ZOB, Roor.de, Sheldon Black, Jerome Baker, Medicali, Kennaroo, Sand, Alex K, Local and Unknown Artists
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still beLIEve
State Property..Again
Registered: 04/20/08
Posts: 17,167
Loc: a world thats not my own
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ive found pretty decent houses in my area for 25-35k.
i figure if i get two houses @ 60ish grand. 10k renovation. thats 70k
800 a month*2=1600
in two years id have enough for a third. 18 months after that id have enough for a forth.
then im graduated college with 4 houses.
downfalls to this awesome plan?
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niteowl said:
See, that term pedo gets thrown around a lot.
Is a 16 year old guy having sex w/a 16 year old girl a pedophile?
If not, then how is a 30 year old considered a pedophile for doing the same thing?
I think y'all need to look up the definition for pedophile.
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still beLIEve
State Property..Again
Registered: 04/20/08
Posts: 17,167
Loc: a world thats not my own
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Re: how would you invest 85 grand [Re: still beLIEve]
#585917 - 09/13/11 12:59 AM (13 years, 3 months ago) |
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niteowl said:
See, that term pedo gets thrown around a lot.
Is a 16 year old guy having sex w/a 16 year old girl a pedophile?
If not, then how is a 30 year old considered a pedophile for doing the same thing?
I think y'all need to look up the definition for pedophile.
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still beLIEve
State Property..Again
Registered: 04/20/08
Posts: 17,167
Loc: a world thats not my own
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Re: how would you invest 85 grand [Re: Picklez]
#585919 - 09/13/11 01:01 AM (13 years, 3 months ago) |
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Quote:
KillerPicklez said:
Never know if you would be able to constantly rent it out (it could sit empty several months while you look for a suitable renter which means you are losing money every month).
not losing any more money then i am with it sitting in the bank
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niteowl said:
See, that term pedo gets thrown around a lot.
Is a 16 year old guy having sex w/a 16 year old girl a pedophile?
If not, then how is a 30 year old considered a pedophile for doing the same thing?
I think y'all need to look up the definition for pedophile.
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NobodyImportant
Science Is Subculture
Registered: 05/03/08
Posts: 4,981
Loc: Jawjuh.
Last seen: 11 years, 8 months
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Re: how would you invest 85 grand [Re: still beLIEve]
#585922 - 09/13/11 01:08 AM (13 years, 3 months ago) |
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just property tax which could be a couple grand a year depending on the value and location
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Glass By: US Tubes, ZOB, Roor.de, Sheldon Black, Jerome Baker, Medicali, Kennaroo, Sand, Alex K, Local and Unknown Artists
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lucas_southoz
Australian
Registered: 08/28/10
Posts: 434
Last seen: 12 years, 10 months
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Re: how would you invest 85 grand [Re: still beLIEve]
#585926 - 09/13/11 02:10 AM (13 years, 3 months ago) |
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Goddamn I need to save 25k up n come over there.. that would cost like $200,000 here.
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m3kgt
User
Registered: 04/29/08
Posts: 1,011
Loc: G-Spot TX
Last seen: 7 years, 6 months
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Re: how would you invest 85 grand [Re: still beLIEve]
#585927 - 09/13/11 02:22 AM (13 years, 3 months ago) |
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Cod Quote:
still beLIEve said:
ive found pretty decent houses in my area for 25-35k.
i figure if i get two houses @ 60ish grand. 10k renovation. thats 70k
800 a month*2=1600
in two years id have enough for a third. 18 months after that id have enough for a forth.
then im graduated college with 4 houses.
downfalls to this awesome plan?
There isnt much of a downfall in the time being. Given that throughout those four years, the amount of taxes and cost of reconstruction from tenants will net you more than the initial investment. When you decide to sell the property, any profit will depend on market value. If financially stable you can never loose since you decide when its the right to sell. A lot is based on the area and timing.
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HippoSex
Aero-Grower
Registered: 07/18/11
Posts: 111
Loc: Canada 
Last seen: 13 years, 2 months
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Re: how would you invest 85 grand [Re: m3kgt]
#585936 - 09/13/11 03:41 AM (13 years, 3 months ago) |
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I'd ride these waves currently in the stock markets. Short-selling, bitches.
But I don't know how to do that, so  go invest in 150,000 watts and turn that 85k into $150K in three months.
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RasJeph
Psycho Pete
Registered: 01/14/09
Posts: 11,657
Loc: Bumfuckt Egypt
Last seen: 1 year, 1 month
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Re: how would you invest 85 grand [Re: HippoSex]
#585949 - 09/13/11 05:58 AM (13 years, 3 months ago) |
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I've always wanted to run a bar. Bars are always successful, even in the worst economic times. Everyones got something to forget, always.
I'd find someone to come along for the ride and open it up with me. 
Thats what I'd do.
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Of course it's happening inside your head.
Why should that mean it isn't real?
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81renaissance
Coachella '13 KKOTY
Registered: 04/20/08
Posts: 4,182
Loc: State of Mind
Last seen: 10 months, 1 day
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Re: how would you invest 85 grand [Re: RasJeph]
#585953 - 09/13/11 06:54 AM (13 years, 3 months ago) |
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2 responses here: First of all, for purposes of profit, rentals suck the life out of you; better to buy a property that's in poor condition for the neighborhood its in, renovate, and have it back on the market in 30-60 days (flipping). Renting will make you crazy and poor.
Second, unless you have worked in the restaurant/bar industry for YEARS and/or have a degree pertaining to that industry, bars are an awful idea. Go look up the number one business that lottery winners start with their winnings...bars/restaurants. They almost ALL fail because everyone thinks:"Oh we'll buy some booze, sling drinks, and make money!" but take it from someone who's got over a decade in the industry: restaurants take every damn minute of your life to keep afloat.
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"So it goes."
-Kurt Vonnegut
BlueBerry_Swisher said:I want French fries. No, I want a penis French. Thank you. I'm so excited. I can not contain myself. Now I eat chocolate. It is so good. I'm trying to rub it all over myself. And then lick. Now I need a hot shower. The end.
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DungenessDank
Lord of the Flies
Registered: 05/05/08
Posts: 9,372
Loc: PNW
Last seen: 11 years, 7 months
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Re: how would you invest 85 grand [Re: HippoSex]
#585957 - 09/13/11 07:30 AM (13 years, 3 months ago) |
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Quote:
HippoSex said:
I'd ride these waves currently in the stock markets.
This is probably the best suggestion, but of course you have to be willing to lose some to learn your lesson.
If you are more of the business tycoon type, get some equipment that will generate profits. Either way, capital investments are the way to go.
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T-Rex
Herbsman
Registered: 03/15/10
Posts: 4,920
Loc: Devils Marbles 
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Re: how would you invest 85 grand [Re: still beLIEve]
#585962 - 09/13/11 07:42 AM (13 years, 3 months ago) |
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I would be buying and selling currency like a mother fucker
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