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Originally Posted by Irving
I would do whatever makes the most sense. What kind of gains are you thinking are possible with whatever you are hinting at, compared to what kind of risk?
Well, we're all here to find out how.
GM doesn't tell Ford.
The Great Kazoo's Feedback
"when you're happy you enjoy the melody but, when you're broken you understand the lyrics".
Jim, originally I wanted to have this thread have as little restrictions as possible, so as to get the most ideas possible. However, if things are too broad, people can spin their wheels; I know I can.
So now I've been thinking about adding some parameters, to focus things a bit. Actually, I'm thinking about lag out some simple rules and running a challenge. I'll post more from home, but it will basically be, how much money can you male from $1,000, in 12 months. You can start with less, but not more. You are not limited to a single "transaction." So if you spend $800 to build an AR, then sell it for $1,300, and it only takes one month; you don't have to stop there. You can do it again, and now you have $1,300 to work with. The focus, and goal, is to make as much money as possible in one year, starting with no more than $1,000.
No outside money, so you can't put your $1,000 toward a $1,500 car on Craig's list, and count that. However, you could invest your $1,000 with other people to start Apple or something. Anything over $1,000, or the money made from the initial $1,000, must not come from you. This means you can't get a loan to complete a down payment or deposit, as that would make your contribution over $1,000.
Last edited by Irving; 04-04-2013 at 10:55.
"There are no finger prints under water."
I may have mentioned this before, but why not open a money market at a discount brokerage first (TDameritrade, etrade, fidelity direct, etc)?
They are liquid, and can transfer the fund from checking to money market (vice versa) less than 2 days.
When you have a great idea, you can jump on the investment right away.
You mean put the money in the account so it is making money even when you're not using it? That's a great idea that helps flesh out your plan. That's basically what we did last year when we opened a cash back card.
"There are no finger prints under water."
Its a terminal question as to how to make more money. I would say investing in tools or learning always pays off. Just depends on how you use them later. I am investing in learning Joomla so I can create an online business.
I guess it depends on your aversion to risk. My neighbor has made a killing (16k+ so far this year) day trading penny stocks, starting with about $500. The downside is that there is a learning curve, and you have to be prepared to lose it all, because that happens at least as often as the big scores. I may dabble in this, starting with a couple hundred bucks, and see how I do. Any profits I take, I'll flip into something less volatile, like diversified bond funds.
Light a fire for a man, and he'll be warm for a day, light a man on fire, and he'll be warm for the rest of his life...
Discussion is an exchange of intelligence. Argument is an exchange of
ignorance. Ever found a liberal that you can have a discussion with?
Irving is the oracle: Bitcoin crash
Any sufficiently advanced incompetence is indistinguishable from malice.
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(former username "zip")
Heard it from CNBC.
I agree with oracle.
Irving is now Oracle of Westminster.
Haha, I watched that go down in real time today. I was showing someone, and it dropped $20 by the time he walked back to his desk. I sold five of the 9 coins I had during this thread. So I'm sitting on $530 with four coins left. I'm pretty happy that the price seemed to settle at over $100, and still over ten times what I bought in for.
"There are no finger prints under water."
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