$1,000 is not a large sum of money, but if you were given $1,000 with the express instruction to turn it into as much money as possible, what would you do with it?
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$1,000 is not a large sum of money, but if you were given $1,000 with the express instruction to turn it into as much money as possible, what would you do with it?
Legally? [Coffee]
These days buy gun parts and sell them on Gunbroker.
Don't worry about
Quote:
Originally Posted by Dalendenver
^^^^ this, and keep flippin.......
Easier said than done.Quote:
Originally Posted by Dalendenver
How long do I have to see a return?
If I did what I normally do, I would buy something cool and shiney, decide it don't want it 2 years later and sell it for $500.
Right now?
Gold.
I'd buy silver bullion. Silver has just hit a major dip.
Open a forex margin acct (.5%) and hope to double your money every hour til a margin call. [Coffee]Quote:
Originally Posted by Irving
Panic prices have died down, Easily could have doubled it 1-2 months ago.
But you can buy
$699 PSA Aimpoint upper
$150 BCG windham
$150 LPK with stock kit from PSA
$150 lower
Sell the aimpoint for $350-400
Sell the AR for $1200-1500
I know a guy who flip guns until he bought a boat last year. Think the first gun was only $350
I'd start an Internet porn site. [Awesom]
1000 dollars and a craps table. Well that's never turned out good!
Well, full discloser, this $1,000 started as $110 in September of last year.
Yep, Few of our members who are doing it right do it for living at the gunshows. One bought a house free and clear as the result. He started with a trunk of c&r stuffs.Quote:
Originally Posted by RonMexico
How was the profit made?Quote:
Originally Posted by Irving
Repeat.
Why did you post this^^^^^^Quote:
Originally Posted by kwando
members who think their sh!t is worth 3k are gonna see this and understand why it won't sell.
They came to the party but now they are dancing with the fat bitch them came with..... Should flip it for a supermodel a few months ago. [Beer]
Good time to sell.. Since Cyprus, the speculator and panic buyers jumped inQuote:
Originally Posted by Irving
Quote:
Originally Posted by RonMexico
I've sold a $2.5k rifle... But I've also paid more for some other things I need. :)
Seven months to make $1K try something else, nothing personal.Quote:
Originally Posted by Irving
Buy some more outdoor gear for the family.....
cause memories are priceless!!!??
[full sappiness intended]
[ROFL1][Beer][ROFL3]Quote:
Originally Posted by jim
IMHO the next $890 won't be as easy unless the Feds pass some gun control.Quote:
Originally Posted by Irving
Funny or not you're from NY (ok yup state) still, 7 months??Quote:
Originally Posted by GilpinGuy
Agreed, hence this thread. I sold a little when it was $80, just to get my original investment back. Then I set it to sell some more if it jumped up to $105. It sold before I could log back in and cancel the transaction. Today I canceled a potential transaction to sell at $110, reset it to sell at $120, and when I got home tonight it was selling for $126. I plan to do this until I've sold it all, and want to move onto something else. I've been meaning to ask about tax liens again.Quote:
Originally Posted by ChunkyMonkey
Everyone else: Back in September I bought $100 worth of Bitcoins at $11 a piece. In the beginning of March they were selling at $36 (the previous life time high) and going up about $.75 a day. Cyprus happened and they went into the $50 range, going up as much as $10 a day. Today I saw them as high as $126. This can't go on forever, so I need to pull out of Bitcoins and do something less risky.
After you mentioned it that day at the restaurant, I asked my bro to buy some with the trust acct... Apparently it's a direct trade, so broker cannot touch it. I should have opened my own acct. Congratz btw.
Thank you, but I think it was mostly lucky timing on my part. I wish I bought more at the time.
Open a pawnshop or payday loan... 300-400% apr all day long!
The thought has crossed my mind, as much as I hate those places. I'd rather help people if possible though.
I'll tell you for 10% of your 1000$, but I refuse to have any liability for your remaining 900$.
Call me!
Yeah, 900% or so on your money in 7 mos is no fucking good. Need 1200% to pay the protection minimum.Quote:
Originally Posted by jim
Depends on how long of a time I have with 1000.
IF I MUST invest, I will probably put the $1000 ROTH or Traditional IRA, and keep on trading Research In Motion (BBRY). BUY-SELL-BUY-SELL etc.
Quote:
Originally Posted by Irving
Good idea.
I just saw the CNBC news on Bitcoins.
Time is not the biggest concern, but something like a ROTH IRA is not what I'm after; as it is not liquid enough. I've got some idea what to do with more money, but I need to get there first.
I've considered Gold and Silver, but feel like it is a similar risk by counting on the devaluation of the dollar. With prescious metals, I'm not sure I could make money, so much as not lose it.
Also, this is in no way a bragging thread. I just got lucky taking a small risk on something most people scoff at, and would like to keep it going. Thanks for the suggestions so far.
If the liquidity is one of the concern, I would first open up the money market to purchase precious metal etfs, stock, bonds, etf, etc.Quote:
Originally Posted by Irving
ROTH and Traditional was if I had 1000, because I got severely hammered on 2012 taxes from cap gain and investment income. I had a second job to pay the taxes! :(
Oh yeah, I believe in risk vs reward. You made $$ on bitcoin when not too many people understood it. Maybe there were some minor luck, but you made $$ because you did your home work on bitcoin. I still don't understand bitcoin enough to get into it. Hedging against the USD or any other currency by purchasing Au Ag or Cu is a good idea too.
Some metal analysts likes Copper more than Gold and Silver, because they have more industrial exposure. Some are investing Brasil/Brazil heavy foreign capital ETFs.
Some of the guys I know are allocating some of their Bonds into Peer-2-Peer lending right now.
My only real experience in the stock market was buying rare earth metals at $3/share, then selling at the peak of the bubble for $9/share, right before the burst back down to $3/share. However, I had lost so much money previously, that I just ended up breaking even.
Is peer to peer lending where you swap self-directed IRAs with someone else's money so your profits/cash flow is not tied up in your own IRA?
Quote:
Originally Posted by ChunkyMonkey
he had help ;)