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If you had $10,000 what would you invest in?
plains scout
Member Posts: 4,563
Everyone talks about winning the lottery but I thought what about a realist figure? So if you had $10,000 from the sale of your gun collection, house, that Harley Davidson you don't ride anymore[:D], gift from a long lost uncle what would you invest in? Not BUY, but invest.
Now for you moral degenerates, buying hookers is NOT an investment.[:0]
So buy more guns? Put it in the bank? Bury it under a rock? Invest in Starbucks? Pay off the wife's/girl friend's credit card?
What would you do to make it in to some real dough? Come on you Donald Trump wannabees, spill your secret investment plan.
Now for you moral degenerates, buying hookers is NOT an investment.[:0]
So buy more guns? Put it in the bank? Bury it under a rock? Invest in Starbucks? Pay off the wife's/girl friend's credit card?
What would you do to make it in to some real dough? Come on you Donald Trump wannabees, spill your secret investment plan.
Comments
JuJu(who can only dream of having 10,000 to invest)
Everyone talks about winning the lottery but I thought what about a realist figure? So if you had $10,000 from the sale of your gun collection, house, that Harley Davidson you don't ride anymore[:D], gift from a long lost uncle what would you invest in? Not BUY, but invest.
Now for you moral degenerates, buying hookers is NOT an investment.[:0]
So buy more guns? Put it in the bank? Bury it under a rock? Invest in Starbucks? Pay off the wife's/girl friend's credit card?
What would you do to make it in to some real dough? Come on you Donald Trump wannabees, spill your secret investment plan.
Firearms. I can remember not long ago russian sks's retailing for $100, swede M-38's & 96's for about the same.
I wish I would have bought a few cases.[:(]
Don
I think my one Billy Beer can is going to be the full extent of any beer can collection I will ever have.
Now Mateo -- would that meal happen to be a Willy G's in Houston? I think you could buy Sam's boat for $10K or at least all the beer and deep fried alligator they sell in one night.[:D]
Come on none of you will ever be Donald Trump's apprentice if you don't come up with some great ideas.
I don't think anything I could drink or eat would count as an investment, but when I consider the other money I have flushed down the toliet, maybe it would be.[:0]
[:D]
...Case in point: I bought 80 acres about 9 miles from Bull Shoals, and the yearly taxes are well under $300.
It was pretty though aaaaa(the land not the girl) and I bet it is really developing (again the land and not the girl).
Real estate is "usually" a good investment. But $10 grand isn't enough to buy much, except for maybe some undeveloped land, and undeveloped property is NOT usually a good investment. Using it as a down payment on some investment property "could" work, if you have the means. But again, 10 grand isn't going to get you much in that field.
Guns "have been" a good investment, but are they going to go up from here? How much? Which ones? With one stroke of the proverbial "government" pen, owning guns would NOT be a good investment. How much to you trust the government? What party/who is going to get elected over the next few years, and which way will gun rights go? Don't say it can't happen, look at NY and California, etc. It's ALREADY happening.
How about an all expense paid trip to Vegas, for a few of your good friends?
Huh buuuuu---ddeeeeee?
If I win more than you provide, I'll split the excess with you 50/50. [;)]
Sorry I couldn't help.
This is for fun. I mean the lottery is for dreamers (still buy $2 every month[:p]). However, $10K can be saved by anyone on this forum. It might mean a sacrafice of two or three, but it is feasible.
My retirement is tied up in the stock market -- I trust it about as much as Social Security being there for me when and if I ever get to wake up and say "I don't have a job to go to today, I am retired"
Life is just so weird. I am pretty sure I will die first and leave a widow. I just don't want her to be destitute or too unreasonably attractive to some gold digger.[:0]
I read an article last night. At my age I am supposed to have $1mil put away. The only Mil that I have put away is about one million old Milwaukee beers.[:D]
I wonder where these investment and financial planning gurus get their Million from to put away for their retirement? Oh wait, it is from all of us paying them commissions right?
My partner and I were talking about these guys and gals who are the stockbrokers and financial planners. Are they really "there to help us plan for retirement?" and if so would that be their retirement or ours?
I figure if I had saved all my Richie Rich, Archie and Superman comic books from when I was a kid, and not read them and kept them safe and dry that would have been a good investment. But then, I would not have known if Superman survived that last sneak attack with kryptonite.[:0][:0]
Lowrider -- the only honest man on this forum.[:D]
That original $1000 doubled seven times is 2, 4, 8, 16, 32, 64, $128,000 with no other investment or involvement. That is a bit oversimplified, ignores inflation and taxes on some forms of the investment, but the basic principle works. Now what happens if you put aside just $1000 per year? What if you put away $2000 the first couple of years? What if you could find 12% and double the money one more time? It's not hard; you just have to start early enough that time does the work for you. It's like erosion, tiny amounts of wear per year made the Grand Canyon.
If you put $1000 away per year from the first year out of high school each year for eight years (age 26) and then stopped, you would have more money at retirement than if you waited those eight years and then saved $1000 per year starting at age 26 and continuing until age 65. Make it $2000 per year @ 10 % and that high school grad will have just over the million at 65, ignoring taxes - which can be beaten.
There are many stocks that will return that percent with next to no risk. DPL has returned in the low teens of percent nearly every year for the last 35 years. Put it on dividend reinvestment and watch to see what happens.[:)]
Seriously, I'd invest in Tanzanite.(the precious stone)
I'd try to get a 10 carat or better clean Grade AAA stone without a window - unmounted and put it in the safe. They're predicting a 300% gain in the next 5 years.
I think I would personally looking into somekind of old muscle car, there's cars in that range and sometimes you can find a rare deal. I had a chance to buy a 1972 Hurst/Olds pace car convertible for a little more than that last summer. I'm not really into cars, but I think for the return that would have been a good investment. Later I found out that only a little more than 100 were ever made.[V][V]
The rest would be spent on beer, brats, burger and charcoal.
10K is a hard amount to invest. It's not enough to do anything substanial, but it's to much to just waste for no good reason.
I think I would personally looking into somekind of old muscle car, there's cars in that range and sometimes you can find a rare deal. I had a chance to buy a 1972 Hurst/Olds pace car convertible for a little more than that last summer. I'm not really into cars, but I think for the return that would have been a good investment. Later I found out that only a little more than 100 were ever made.[V][V]
next time you see one buy it...worth 25k plus in excellent condition
[}:)][:D]
I personally would pick out a good mutual fund and plop it in there. Tom
The rest would be invested in mutual funds.
Depending on your age, and your desired return. For the short term, $10,000 isn't really enough to do anything "substantial" with. CD's and/or bonds are a "pretty safe" short term investment, but not a lot of return. Some stocks can do good, but the ones that have the highest returns, are risky, at best. For long term, mutual funds are one choice. Consider what will happen to the stock market when the next terrorist attack occurs? What happened last time? It was a GOOD investment opportunity "after" the attacks.
Real estate is "usually" a good investment. But $10 grand isn't enough to buy much, except for maybe some undeveloped land, and undeveloped property is NOT usually a good investment. Using it as a down payment on some investment property "could" work, if you have the means. But again, 10 grand isn't going to get you much in that field.
Guns "have been" a good investment, but are they going to go up from here? How much? Which ones? With one stroke of the proverbial "government" pen, owning guns would NOT be a good investment. How much to you trust the government? What party/who is going to get elected over the next few years, and which way will gun rights go? Don't say it can't happen, look at NY and California, etc. It's ALREADY happening.
How about an all expense paid trip to Vegas, for a few of your good friends?
Huh buuuuu---ddeeeeee?
If I win more than you provide, I'll split the excess with you 50/50. [;)]
Sorry I couldn't help.
Well said, 10 grand today ain't much.
Or I'd send the wife and kids off to their dream vacation to Paris. She has been talking about going to Paris since I have known her. I really don't see the big deal about it. I mean what is the big attraction with Texas anyway? Maybe I'll surprize her with bus tickets and motel 8 reservations.
you sure she dont mean Tennessee???? There IS more than one Paris you know.......[:D][:D]
or
http://cgi.ebay.com/40-Acres-West-Texas-Ranch-Land-Big-Bend-Terlingua-TX_W0QQitemZ220032193111QQihZ012QQcategoryZ15841QQtcZphotoQQcmdZViewItem
Me? I'd dump 100% of it in a stock called Rambus (RMBS), and when it hits $80 I'd unload it, turn the $10,000 into $40,000 in about a year.
But hey, it is a very risky proposition and you've got to have a strong stomach to invest in this stock. I have, between my stock portfolio and my IRA, about $40,000 invested in it now.
http://www.gunbroker.com/Auction/ViewItem.asp?Item=57108942
buy this gun...it will do nothing but go up in value....
http://www.gunbroker.com/Auction/ViewItem.asp?Item=57108942
Gorgeous piece.
Or I'd send the wife and kids off to their dream vacation to Paris. She has been talking about going to Paris since I have known her. I really don't see the big deal about it. I mean what is the big attraction with Texas anyway? Maybe I'll surprize her with bus tickets and motel 8 reservations.
My wife has been to Paris, France and said it was not that great.
long term stock market investment? I think Warren Buffet & co found that over the last few decades, a good diversified portfolio returned about 6% on the average, or something ghastly like that. It was far better from 1900-1940 -more than 20%- but since 1940, it has steadily declined in returns, hence the 6% figure from about (1960?) onwards. They suggested mutual funds (which is what they do, of course) the best ones return... I forgot. 12%? upwards of 20%?
but the best peice of advice I heard coming from them, from one of their recent yearly reports (available online) is that stock portfolio or mutual funds, it is best to put your money in and leave it, for better or worse, until retirement. don't play the roller coaster game, just let it ride no matter what.
I don't know about IRA's/bonds/bills/whatever, but there's got to be something better. they are low risk, low yield.
historically, "proven collectibles" like art or rare coins have been the best way to beat inflation. but we're talking about making money here.
plus, for larger items, you have to think about the cost of storage. If you buy that '72 Hurst Olds, where are you going to put it for 20 years? is it really worth the gain in value (which isn't really that much) to have it hog up your garage for 20 years or so? not really. I saw a cherry '69 GTO for $45,000 a few months ago, would it be worth it to buy it new, let it sit in the garage since 1969, then get $45,000 for it in the year 2006?? hell no.
so to invest in something that makes money, you have to predict the future. which is impossible. tech companies? energy companies? not quite predictable enough. I think the closest thing there is to accurately predicting the future is, "India/Russia/Asian countries will become more developed and consume more energy and raw materials as they manufacture more goods". that means the prices of metals like copper, steel and aluminum will go up (we already see that effect), as will energy costs. I don't know how to take advantage of that, but probably dlrjj knows. That's probably the best investment.
But, like Warren Buffet said, you can't make money off of what everybody else knows.
Microsoft sent out a critical update to all XP users that verifies DAILY that your XP key is the only one being used right now. If some punk kid used a random key generator to make a XP key for his bootleg software...which happens to be yours too...Microsoft WILL shut down your computer.
PJ