How much money could you make with $1,000?

[Irving]

The thought has crossed my mind, as much as I hate those places. I'd rather help people if possible though.

[jhood001]

I'll tell you for 10% of your 1000$, but I refuse to have any liability for your remaining 900$.

Call me!

[GilpinGuy]

Funny or not you're from NY (ok yup state) still, 7 months??

Yeah, 900% or so on your money in 7 mos is no fucking good. Need 1200% to pay the protection minimum.

[MrPrena]

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.

[MrPrena]

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.

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.

Good idea.
I just saw the CNBC news on Bitcoins.

[Irving]

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.

[MrPrena]

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.
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.

[Irving]

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?

[Byte Stryke]

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.

he had help

[JoeT]