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hex_enduction
satta massa gana



Registered: 01/26/14
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I have about 2K
#23447469 - 07/16/16 06:14 PM (7 years, 6 months ago) |
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In cash. What are some things I could do to make it into 4K? I'm thinking buying stuff cheap and flipping it. I was also thinking about investing in Bitcoin but it's been sitting real high for months now.
Yeah, I don't know shit about money or investing, so any ideas or advice would be appreciated.
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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azur
God of Fuck



Registered: 04/21/12
Posts: 28,103
Loc: Daid
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Buy a pound of weed. Sell $300 ounces. Profit $2800
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hex_enduction
satta massa gana



Registered: 01/26/14
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Re: I have about 2K [Re: azur]
#23447499 - 07/16/16 06:22 PM (7 years, 6 months ago) |
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I know that game well enough already. I'm looking for legit ideas. Should have specified in the OP.
That being said, what does an oz of blow go for these days?
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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azur
God of Fuck



Registered: 04/21/12
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Loc: Daid
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Idk. I sold blow 9 years ago for $1300/ounce. I would buy 9 ounces for $6000. Got too scary and ended up doing too much blow. I'd stay away from that game. Maybe invest in precious metals. Or hell, even steel stocks, as steel is dirt cheap right now. I know a place where you can buy enclosed tow behind trailers for super cheap (in the south east) and you could take them elsewhere and sell for a lot more. plainoltrailers.com
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ManianFH
living in perverty



Registered: 07/06/04
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open up a scottrade account, maybe put some money into some russian stocks since they are tanked right now. buy at the lowest, sell high.
bitcoin burned me in the past. id stay away from it personally.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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hex_enduction
satta massa gana



Registered: 01/26/14
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Re: I have about 2K [Re: azur]
#23447588 - 07/16/16 06:53 PM (7 years, 6 months ago) |
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Quote:
azur said: Idk. I sold blow 9 years ago for $1300/ounce. I would buy 9 ounces for $6000. Got too scary and ended up doing too much blow. I'd stay away from that game. Maybe invest in precious metals. Or hell, even steel stocks, as steel is dirt cheap right now. I know a place where you can buy enclosed tow behind trailers for super cheap (in the south east) and you could take them elsewhere and sell for a lot more. plainoltrailers.com
I'm in the southeast so I'll definitely look into that. Where would I be taking them that they're more highly valued anyway?
I've got a tdameritrade account but I'm not sure if I can buy Russian stocks on there. I've actually never used my account, Idfk how it works or anything
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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azur
God of Fuck



Registered: 04/21/12
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Man, anywhere really. Look at prices on that website then look around a few hundred miles away. I know a guy who makes an extra 6 grand a month flipping 3 of the large trailers every month. I think he takes em to tx. But he's already going to tx for other business, so fuel costs are mostly covered
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hex_enduction
satta massa gana



Registered: 01/26/14
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Re: I have about 2K [Re: azur]
#23447617 - 07/16/16 07:06 PM (7 years, 6 months ago) |
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Word. Thanks for the heads up on that, I never woulda thought of it and those trailers are cheap as fuck. Definitely some money to be made, and I'd get to drive all over the place in the process
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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azur
God of Fuck



Registered: 04/21/12
Posts: 28,103
Loc: Daid
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Yea. Just be firm on your price and wait for the right buyer. Do research on the best place to sell before buying. Maybe even post an ad on cl to see if anyone bite. When they do, apologize because it's already been "sold." Then buy one and do it for real. I bought a 32 ft one to build my lab in for 5000. I couldn't find a used one for less than 8.
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FritztamineTheCat
Former Frequent Lurker

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Micro oyster mushroom farm duhhh lol 100sq ft of grow space produces roughly 30k$ worth of fresh oyster mushrooms at 6$/lbs which is on the low end 2 people could easily manage 200-400sq ft if you got the space
-------------------- My Pokemon Collection Ps. cubenis-Albino A+, Golden Teacher, Mazatapec, Puerto Rico, PE, PE Uncut, APE, Falbino, PFRS, Orissa India, Ps. azurescens Pan. tampanensis Ps. tropicalis Ps. galindoi Ps. stutzii Ps. cyanescens Ps. ovoideocystidiata Ps. hoogshagenii var convexa (semperviva)
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hex_enduction
satta massa gana



Registered: 01/26/14
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Shit, that's not a bad idea either. Really low startup costs too.
@azur, think I'll give that strategy a shot. Sounds really promising. My only concern is that my car might not be able to pull the trailers
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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azur
God of Fuck



Registered: 04/21/12
Posts: 28,103
Loc: Daid
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Well, idk what kind of car you have. Oyster mushrooms are very easy too. I grow em every day
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dnkronic
Berzerker



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Bitcoin is forming an upward pennant atm which economists theorize leads to an upward direction of growth.. if I had extra flow I'd invest in BTC.. also Nintendo stocks have probably gone crazy over the last week due to Pokémon.. haven't looked but it's been insane..
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xzylocybin
Stranger



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Re: I have about 2K [Re: dnkronic]
#23447673 - 07/16/16 07:29 PM (7 years, 6 months ago) |
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Nintendo went up 9billion since that bullshit game was released
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hex_enduction
satta massa gana



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Re: I have about 2K [Re: dnkronic]
#23447674 - 07/16/16 07:29 PM (7 years, 6 months ago) |
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I want to invest in btc but it's been over 600 for months now. Last time I had any I made some money when I bought it around 200 and it skyrocketed to 450 or so. I'd feel like a chump paying 600. I think it's gonna crash soon.
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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xzylocybin
Stranger



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2k isn't much at all to work with in the market, If I were you I would buy a big bag of coke and try to sell it but end up freebasing most of it
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hex_enduction
satta massa gana



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Quote:
xzylocybin said: 2k isn't much at all to work with in the market, If I were you I would buy a big bag of coke and try to sell it but end up freebasing most of it
I had the same idea but azur made a pretty convincing case against it. Tho I don't like coke that much, I feel like I'd be able to avoid gettin high on my own supply.
And I'm not really specifically looking for stocks, just anything out there I can exploit for easy profit
I actually have a business idea that I need an app to be made for, anyone know how much I'd be looking at to outsource app dev to someone?
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Connoisseur said: oh ive cried on drugs sunshine said: Tragic. I told the cop not to do it but he didn't listen.
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demiu5
humans, lol


Registered: 08/18/05
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assuming you have regular funds to continue making contributions, i'd vote for opening some form of IRA (retirement account)
-------------------- channel your inner Larry David
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Exceed19_2000
Stranger

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Re: I have about 2K [Re: demiu5]
#23451388 - 07/17/16 10:13 PM (7 years, 6 months ago) |
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I bought BTC at $430 - invested in about $3000 worth.
Flipped it last month and made a nice profit. Rebought at $625 and I have a steady flip where if I can make $30-40 per BTC I flip.
You can set up your phone/pc for a realtime tracker with notifications on low/high to buy and sell. I doubt the market bottom will drop out, but that's the risk.
I wouldn't buy gold or silver right now. It's sitting at a 2-3 year high, and the sharp uptick hit with the BREXIT crap. I unloaded all I had at that point, because taking delivery of physical is "fun" when you start, but then it's a headache to sell. You have to ship it (I deal with APMEX and JMBullion) insure it, sell a minimum amount to get their higher advertised prices (APMEX is $10k) and it's just a hassle. I have OCD - so I like getting "sets" of things, and then you have an expensive, and it's not something you can really "share" with friends.
I would still encourage buying BTC and "work" it to make your profit. Your not going to be doubling your money in a month, but its fun, and you can make money if you keep at it.
It is ultra-exciting being on the plus side of the huge spikes, but that high can get shattered by losing money.
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ch1ck3n.s0up
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Re: I have about 2K [Re: demiu5]
#23451395 - 07/17/16 10:16 PM (7 years, 6 months ago) |
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Question #1: Do you have any DEBT, like credit card debt? If so, pay that shit off. Assuming that you've got $2000 in credit card debt at an annual interest rate of 15%, you're paying $300 per year to service that debt--plus the damn late payment fees that inevitably happen. Pay it off, and you've just earned yourself a 15% annual return, which even a professional hedge fund manager would be happy about.
Assuming no debt, here's a few options: 1. High Yield Savings Account, Certificates of Deposit, TIPS bonds... they'll all pay about 1 to 1.5%. In a year you'll have between $2020 and $2030. 2. Stocks. Unless you really know how to diversify a portfolio and hedge, have great faith in one company, or get a tip, you're probably going to want some kind of mutual fund or ETF. Here are two reasonable options choices: the Spider (SPY), and the Dow Diamonds (DIA). The former tracks the S&P 500; the second, the Dow Jones, which are benchmarks. This assumes a belief that the market will continue to rise through the election this November, and there is some risk there. http://finance.yahoo.com/quote/SPY http://finance.yahoo.com/quote/DIA There's always the good ole' Vanguard mutual funds, or the like.
Other good options to consider might be: 3. Invest in your community. Can you get involved with a charitable organization, and gain a network of associates? You might have to pay some dues, but this can be worth its weight in gold. 4. Education. Invest in yourself! Maybe take a professional development course in finance? This could be the best investment you'll make in your life. Check your local University. I'm in the New York area, and NYU offers stuff like this for around $700. https://www.sps.nyu.edu/professional-pathways/courses/FINA1-CE9000-introduction-to-the-markets.html
- In much higher-risk stuff (options, futures, derivatives, forex, swaps) you will probably get wiped without some formal training. - For stuff like a small business or real estate, $2000 is not enough, and you'll have to play ball with city officials, which can be frustrating.
-------------------- "Inspiration ~ Move me brightly ~ light the song with sense and color ~ hold away despair ~ more than this I will not ask ~ faced with mysteries dark and vast ~ statements just seem vain at last" --Jerry Garcia, Terrapin Station "Officer, I'm going to remain silent, and I would like to speak with a lawyer. I'm not resisting, but I don't consent to any searches.
Edited by ch1ck3n.s0up (07/18/16 11:10 AM)
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