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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Investing $10,000
#26935532 - 09/14/20 04:32 PM (3 years, 4 months ago) |
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What would be the most efficient way to invest ten thousand dollars?
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Investing $10,000 [Re: Kelazam] 1
#26935534 - 09/14/20 04:34 PM (3 years, 4 months ago) |
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S&P 500
Quote:
New York (CNN Business)The world's most well-known investor says it's hard for him to do better than the broader market. So should you even try? Warren Buffett told CNBC on Monday that he's had a "tough time" trying to beat the S&P 500. The Oracle of Omaha, who just released his annual Berkshire Hathaway (BRKB) shareholder letter, suggested that the index is still the best way to invest in the stock market for most people. He even joked that most of the time he doesn't know how to pick individual stocks. Buffett told the network that his two investing gurus, Ted Weschler and Todd Combs, have each underperformed the S&P 500 during the past few years by a "tiny bit." Even so, he added that their stock picks have done better than his.
Of course, the long-term track record of the world's third-richest man says otherwise. But he has a point. Taking less risk It seems silly for investors to try picking and choosing the best stocks — the market, writ large, historically tends to go higher. Just ride the wave, and you'll do fine. But why the S&P 500 and not the Dow Jones Industrial Average? The S&P 500 may not be as famous as the Dow. But this blue chip index has exposure to nearly all of America's most important companies, and it ranks them by how large they are. That makes it a much better proxy for the US economy than the Dow, which has only 30 stocks in it and weighs them by their stock prices.
-------------------- Omnicyclion.org higher knowledge starts here
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larry.fisherman
shoulda died already


Registered: 11/03/12
Posts: 36,294
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Re: Investing $10,000 [Re: Kelazam] 3
#26935536 - 09/14/20 04:36 PM (3 years, 4 months ago) |
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Good thread OP luv u big dawg if I had a pussy I'd def let you crush it!!!
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Quote:
Asante said: S&P 500
Quote:
New York (CNN Business)The world's most well-known investor says it's hard for him to do better than the broader market. So should you even try? Warren Buffett told CNBC on Monday that he's had a "tough time" trying to beat the S&P 500. The Oracle of Omaha, who just released his annual Berkshire Hathaway (BRKB) shareholder letter, suggested that the index is still the best way to invest in the stock market for most people. He even joked that most of the time he doesn't know how to pick individual stocks. Buffett told the network that his two investing gurus, Ted Weschler and Todd Combs, have each underperformed the S&P 500 during the past few years by a "tiny bit." Even so, he added that their stock picks have done better than his.
Of course, the long-term track record of the world's third-richest man says otherwise. But he has a point. Taking less risk It seems silly for investors to try picking and choosing the best stocks — the market, writ large, historically tends to go higher. Just ride the wave, and you'll do fine. But why the S&P 500 and not the Dow Jones Industrial Average? The S&P 500 may not be as famous as the Dow. But this blue chip index has exposure to nearly all of America's most important companies, and it ranks them by how large they are. That makes it a much better proxy for the US economy than the Dow, which has only 30 stocks in it and weighs them by their stock prices.
Thank you Asante! Much love to you 
Quote:
larry.fisherman said: Good thread OP luv u big dawg if I had a pussy I'd def let you crush it!!!
I love you too man, even though we never met I am sending you my high frequencies to make the world a bit better of a place
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Re: Investing $10,000 *DELETED* [Re: Kelazam]
#26935573 - 09/14/20 04:57 PM (3 years, 4 months ago) |
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Post deleted by Kelazam
Reason for deletion: I'm not sure but some weird shit is happening with my pc right now
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Gorlax



Registered: 05/06/08
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Re: Investing $10,000 [Re: Kelazam]
#26935580 - 09/14/20 04:59 PM (3 years, 4 months ago) |
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swing trade biotech stocks.
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christopera
Stranger


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Re: Investing $10,000 [Re: Gorlax]
#26935609 - 09/14/20 05:16 PM (3 years, 4 months ago) |
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Bitcoins. That shit gets you rich like chicken wings get pussy wet. Or so they say....
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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I've lost over $400 in crypto. I am not investing in crypto ever again.
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BANANA.MAN
Turd Ferguson

Registered: 01/11/15
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Loc: Ontario Canada
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Re: Investing $10,000 [Re: Kelazam] 1
#26935643 - 09/14/20 05:36 PM (3 years, 4 months ago) |
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Quote:
Kelazam said: I've lost over $400 in crypto. I am not investing in crypto ever again.
why would you sell it when the value was down lower than when you bought it?
You shouldnt do that regardless of what you're investing in. Dont realize losses.
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Patlal
You ask too many questions


Registered: 10/09/10
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Re: Investing $10,000 [Re: Kelazam] 1
#26935648 - 09/14/20 05:38 PM (3 years, 4 months ago) |
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Quote:
Kelazam said: What would be the most efficient way to invest ten thousand dollars?
Buy 10000$ worth of coaine at bulk prices, sell it at street prices.
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Yea
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Edited by Kelazam (09/14/20 07:11 PM)
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: Investing $10,000 [Re: Kelazam] 1
#26935831 - 09/14/20 07:47 PM (3 years, 4 months ago) |
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Buy the index, don't look at it. Leave it for a couple decades and be surprised.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Yourself. I'd get an education with it. You can make 10k every 3 to 4 months if you learn a trade.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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Ice9
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Re: Investing $10,000 [Re: Shiithead]
#26935983 - 09/14/20 09:38 PM (3 years, 4 months ago) |
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Down payment on a multifamily home, get owner.occupant loan. Live their rent free from other people paying rent. Save extra money in escrow for repairs/etc, eventually buy another multifamily home. Become a rich landlord.
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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budmanman
OTD Masterbater



Registered: 02/07/07
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Re: Investing $10,000 [Re: Ice9]
#26936015 - 09/14/20 09:52 PM (3 years, 4 months ago) |
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I figured you would hate landlords.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Ice9
3X Ban Lotto Champion



Registered: 03/20/14
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Re: Investing $10,000 [Re: budmanman]
#26936019 - 09/14/20 09:54 PM (3 years, 4 months ago) |
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Curious why, no trolling serious like?
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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budmanman
OTD Masterbater



Registered: 02/07/07
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Re: Investing $10,000 [Re: Ice9]
#26936027 - 09/14/20 10:02 PM (3 years, 4 months ago) |
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You seem like the type to think landlord are evil and do not earn the renter's money in anyway and that it would be closer to theft than earned.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Ice9
3X Ban Lotto Champion



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Re: Investing $10,000 [Re: budmanman]
#26936064 - 09/14/20 10:26 PM (3 years, 4 months ago) |
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You may have the wrong idea about me, while I am decidedly progressive, I am neither republican/democrat/right wing/lef twing/communist/nationalist/authoritarian or you name. I base my political decisions on rational thinking on generally what produces the greatest good with a situation where resources are limited, in that was I guess I'm a pragmatist.
Being pragmatic, we (the US) allows private ownership of land for many uses, one such use is commercial residency. It is also a fact that people need places to live that are safe and comfortable. If you can provide that for a reasonable fee(reasonable means you sill make money, you're not running a charity) and your tenant are happy with how you manage things, take care of the property, I see nothing wrong with this.
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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koods
Ribbit



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Re: Investing $10,000 [Re: Ice9]
#26936075 - 09/14/20 10:31 PM (3 years, 4 months ago) |
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Really the best investment would be real estate, but 10k isn’t really enough.
--------------------
NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Ice9
3X Ban Lotto Champion



Registered: 03/20/14
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Re: Investing $10,000 [Re: koods]
#26936078 - 09/14/20 10:34 PM (3 years, 4 months ago) |
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Owner/occupant is 3% down, buy a distressed are but close to an up and comer. May need good credit and get a business loan to fix place up nice, you can easily rent 2 units, pay your rent from the rent you collect and put money in escrow. Trust me, this is my next purchase I've done my homework.
I said 3% down, that is erroneous it is 3.5% down.
Edited by Ice9 (09/14/20 11:07 PM)
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BigPapaMushroom
Stranger



Registered: 04/05/20
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Re: Investing $10,000 [Re: koods]
#26936086 - 09/14/20 10:44 PM (3 years, 4 months ago) |
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Quote:
koods said: Really the best investment would be real estate, but 10k isn’t really enough.
Not quite the same, but REITs and RETs are a thing. Many offer high dividends as well.
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Re: Investing $10,000 [Re: koods]
#26936097 - 09/14/20 10:55 PM (3 years, 4 months ago) |
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How do I get more then
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budmanman
OTD Masterbater



Registered: 02/07/07
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Re: Investing $10,000 [Re: Ice9]
#26936630 - 09/15/20 09:11 AM (3 years, 4 months ago) |
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Quote:
Ice9 said: Owner/occupant is 3% down, buy a distressed are but close to an up and comer. May need good credit and get a business loan to fix place up nice, you can easily rent 2 units, pay your rent from the rent you collect and put money in escrow. Trust me, this is my next purchase I've done my homework.
I said 3% down, that is erroneous it is 3.5% down.
20% down and there is no pmi that's what I out down on my home which I also use as rentals for my spare rooms.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Ice9
3X Ban Lotto Champion



Registered: 03/20/14
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Re: Investing $10,000 [Re: budmanman]
#26936668 - 09/15/20 09:31 AM (3 years, 4 months ago) |
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PMI, if set properly in a multi family home is covered by the other renters rental amount. Now it increases payments, somewhat significantly, but if you can pass it off to someone else it really is much less of a concern. Also, insurance on a commercial property is different from a single family.
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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Psicomb



Registered: 01/13/18
Posts: 4,635
Loc: the womb
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Re: Investing $10,000 [Re: Kelazam]
#26936678 - 09/15/20 09:36 AM (3 years, 4 months ago) |
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Start a small scale gourmet mushroom farm / large scale cubensis farm
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When we constantly pull things apart trying to see how it works, we may end up with only an understanding of how to destroy something - nick sand
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Brian Jones
Club 27



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Re: Investing $10,000 [Re: Asante] 1
#26936700 - 09/15/20 09:51 AM (3 years, 4 months ago) |
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Quote:
Asante said: S&P 500
Quote:
New York (CNN Business)The world's most well-known investor says it's hard for him to do better than the broader market. So should you even try? Warren Buffett told CNBC on Monday that he's had a "tough time" trying to beat the S&P 500. The Oracle of Omaha, who just released his annual Berkshire Hathaway (BRKB) shareholder letter, suggested that the index is still the best way to invest in the stock market for most people. He even joked that most of the time he doesn't know how to pick individual stocks. Buffett told the network that his two investing gurus, Ted Weschler and Todd Combs, have each underperformed the S&P 500 during the past few years by a "tiny bit." Even so, he added that their stock picks have done better than his.
Of course, the long-term track record of the world's third-richest man says otherwise. But he has a point. Taking less risk It seems silly for investors to try picking and choosing the best stocks — the market, writ large, historically tends to go higher. Just ride the wave, and you'll do fine. But why the S&P 500 and not the Dow Jones Industrial Average? The S&P 500 may not be as famous as the Dow. But this blue chip index has exposure to nearly all of America's most important companies, and it ranks them by how large they are. That makes it a much better proxy for the US economy than the Dow, which has only 30 stocks in it and weighs them by their stock prices.
I wouldn't throw $10,000 into an index 500 fund right now. Your chances of losing 3 or 4 thousand would be greater than gaining it in the short term. I would put it in a few hundred a month for dollar cost averaging.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Its a good idea to ease in, but so far the S&P 500 has historically been a good place to ease into.
-------------------- Omnicyclion.org higher knowledge starts here
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Investing $10,000 [Re: Asante]
#26936756 - 09/15/20 10:22 AM (3 years, 4 months ago) |
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I'm a homeowner in a cold climate so I'd pump the 10K into insulation of my home, which earns itself back by spending less on the heating bill.
I think its a bit too early for solar panels as I expect the cost factor of that to drop dramatically in the coming few years.
Heat insulation.
-------------------- Omnicyclion.org higher knowledge starts here
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budmanman
OTD Masterbater



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Re: Investing $10,000 [Re: Asante]
#26937004 - 09/15/20 12:50 PM (3 years, 4 months ago) |
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Forget insulation get a heat pump
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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christopera
Stranger


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Re: Investing $10,000 [Re: budmanman] 3
#26937028 - 09/15/20 01:05 PM (3 years, 4 months ago) |
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Fuck heat pumps, get a penis pump. You”ll have $9,975 left, and a lengthy (ha) porn career ahead.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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Kyngwhatt
presbyter


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Re: Investing $10,000 [Re: Ice9] 1
#26937104 - 09/15/20 01:42 PM (3 years, 4 months ago) |
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I have been wondering if this would be a good time to invest Its really scary and i'm not sure if the economy will be doing well any time soon.
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Whatt
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Investing $10,000 [Re: Kyngwhatt]
#26937554 - 09/15/20 04:56 PM (3 years, 4 months ago) |
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The economy is actually holding up quite well, unemployment rate is about 8%
I mean just look for yourself.
Trump knows how to run a country like a business.
I took a job because there was no extra unemployment benefit lol otherwise I woulda rode yalls tax dollars to the moon.
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Patlal
You ask too many questions


Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 1 hour, 57 minutes
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Re: Investing $10,000 [Re: Asante] 1
#26937610 - 09/15/20 05:18 PM (3 years, 4 months ago) |
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Quote:
Asante said: S&P 500
Quote:
New York (CNN Business)The world's most well-known investor says it's hard for him to do better than the broader market. So should you even try? Warren Buffett told CNBC on Monday that he's had a "tough time" trying to beat the S&P 500. The Oracle of Omaha, who just released his annual Berkshire Hathaway (BRKB) shareholder letter, suggested that the index is still the best way to invest in the stock market for most people. He even joked that most of the time he doesn't know how to pick individual stocks. Buffett told the network that his two investing gurus, Ted Weschler and Todd Combs, have each underperformed the S&P 500 during the past few years by a "tiny bit." Even so, he added that their stock picks have done better than his.
Of course, the long-term track record of the world's third-richest man says otherwise. But he has a point. Taking less risk It seems silly for investors to try picking and choosing the best stocks — the market, writ large, historically tends to go higher. Just ride the wave, and you'll do fine. But why the S&P 500 and not the Dow Jones Industrial Average? The S&P 500 may not be as famous as the Dow. But this blue chip index has exposure to nearly all of America's most important companies, and it ranks them by how large they are. That makes it a much better proxy for the US economy than the Dow, which has only 30 stocks in it and weighs them by their stock prices.
Are you crazy. Investing in the US economy is a guaranteed way to lose all your money and somehow owe some to somebody.
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budmanman
OTD Masterbater



Registered: 02/07/07
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Re: Investing $10,000 [Re: Patlal]
#26937674 - 09/15/20 05:50 PM (3 years, 4 months ago) |
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Idk dude anyone who bought in and waited at any point in history made money
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
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Re: Investing $10,000 [Re: budmanman]
#26937683 - 09/15/20 05:53 PM (3 years, 4 months ago) |
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Quote:
Well meet Bob – the World’s Worst Market Timer. Bob began his working career in 1970 at age 22 and was a diligent saver and planner.
His plan was to save $2,000 a year during the 1970’s, then increase his savings by $2,000 each decade. In other words $2,000/year in the 70’s, $4,000/yr in the 80’s, $6,000/year in the 90’s… you get the picture.
Bob started in 1970 with $2,000, added $2,000 in ’71 and ’72, then decided to take the plunge and invest in the S&P 500 at the end of 1972. (Time out: there were no index funds in 1972, but come along with me for illustration purposes).
Now in 1973 – 74, the S&P dropped by nearly 50%. Bob had invested his life savings at the peak, just before it fell in half! Bob was bummed, but Bob had a plan and he was sticking to it. You see Bob never sold his shares. He didn’t want to be wrong twice by investing at the peak and then selling when prices were low. Smart move Bob!
So Bob kept saving $2k/year in the 70’s and then $4k/yr in the 80’s. But he was feeling the sting of his last investment and did not feel comfortable adding to his fund until he had seen the markets rise a fair amount. In August of 1987 Bob decided to put 15 years of his savings to work. Seriously Bob?
This time the market fell more than 30% right after Bob invested. Bob, amazed at his investing prowess, did not sell.
After the 1987 crash, Bob was really planning to wait it out. In the late 1990s everything was on fire. The internet was unbelievable new technology and stocks were flying high. By 1999 Bob had accumulated $68,000 from saving each year. A firm believer that the Y2K bug was boloney, Bob invested his cash in December 1999 just before a 50% decline that lasted until 2002.
The next buy decision in October 2007 would be one more big investment before he would retire. He had saved up $64,000 since 2000, deciding to invest this right before the financial crisis that saw Bob experience another 50% decline. Monkey’s throwing darts were probably better at investing than Bob.
Distraught and disheartened, Bob continued to save each year and accumulated another $40k. He kept his investments in the market until he retired at the end of 2013.
Total Invested $184,000, Total Return is 1.1M
Even if you buy at the absolute worse time and hold you will be ok. It doesn't count if you buy a handful of shit penny stocks or broadcomm or tesla though.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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spirit_shadow
Feature not a bug



Registered: 08/15/11
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Toilet paper.
-------------------- ERROR 418 IM A TEAPOT.....(this account is automated, all posts related to illegal activities or advice thereof are strictly from numerous online sites and are for informational purposes only)- Circa 2011 Ban lotto
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Wouldn't the stock prices stay pretty much the same though?
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Gorlax



Registered: 05/06/08
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Re: Investing $10,000 [Re: Kelazam]
#26938105 - 09/15/20 09:57 PM (3 years, 4 months ago) |
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I knew a huge real estate guy who had the market cornered here. He was a cool ass dude who smoked pot. He had tons of property then the 2008 financial crisis hit and he was working for UPS. He still had the million dollar home but its been up for sale since then. He still has it but had to sell everything off. Boat, cabin, and tons of toys (motorcycles and dirt bikes) I crashed one into a mail box lol..
The fact he still has the house says a lot about owning property. I own a pretty good plot of land but I get tempted to sell every time I look up the price.
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budmanman
OTD Masterbater



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Re: Investing $10,000 [Re: Gorlax]
#26938125 - 09/15/20 10:10 PM (3 years, 4 months ago) |
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Property might drop in value at points, but the trend is always up. There is only so much land available on Earth.
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Ice9
3X Ban Lotto Champion



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Re: Investing $10,000 [Re: budmanman]
#26938158 - 09/15/20 10:45 PM (3 years, 4 months ago) |
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The housing crisis was brutal, but a lot of people in similar boats (owned numerous rental proerties etc) failed to accurately assess the cash they would need on hand in a worst case scenario(the banks did too) so losing everything was more than partly his fault. My friends aunt owned about 10 multi-family homes and had an escrow with enough cash to see her through the crisis and benefit from the rebound. She sold out to a big company bought all 10 properties for 5.75M.
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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Psyche delics
Hypochondriac


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Re: Investing $10,000 [Re: Asante]
#26938210 - 09/15/20 11:30 PM (3 years, 4 months ago) |
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Quote:
Asante said: I think its a bit too early for solar panels as I expect the cost factor of that to drop dramatically in the coming few years.
Not only will it drop but they'll become more efficient the best ones we have now I believe are only like 25 percent efficient.
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cannabinated


Registered: 01/03/13
Posts: 14,743
Loc: Outside
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Re: Investing $10,000 [Re: budmanman]
#26938215 - 09/15/20 11:34 PM (3 years, 4 months ago) |
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land is only as valuable as the smartest/poorest motherfucker that knows how to work it
solar panels have doubled greenhouse emissions together with natural gas
they need to burn sulfur hexaflouride which is 30Kx moar potent than CO2
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cannabinated


Registered: 01/03/13
Posts: 14,743
Loc: Outside
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to make panels
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Ice9
3X Ban Lotto Champion



Registered: 03/20/14
Posts: 11,232
Loc: daterapeville,USA
Last seen: 9 seconds
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Applications More than 10,000 tons of SF 6 are produced per year, most of which (over 8,000 tons) is used as a gaseous dielectric medium in the electrical industry.[11] Other main uses include an inert gas for the casting of magnesium, and as an inert filling for insulated glazing window
Global emissions of carbon dioxide 1998-2018 Published by Ian Tiseo, Sep 2, 2020 Over the past 20 years, global carbon dioxide (CO2) emissions from fossil fuels and industry have been steadily increasing, and by 2018 reached a record high of 36.6 billion metric tons. The only time during this period when emissions have dropped was in 2009, which was due to the economic downturn of the global recession. Historically, major global events cause emission reductions.
Some math, 10,000 tons times 30,000 increased potency =300M Co2 is produced at 36.6 billion metric tons, last I checked 36.6 billion >>>300M even if your conversion factor of 30k is right
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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cannabinated


Registered: 01/03/13
Posts: 14,743
Loc: Outside
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Re: Investing $10,000 [Re: Ice9]
#26938230 - 09/15/20 11:50 PM (3 years, 4 months ago) |
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idk how greenhouse gasses work
also weight is not mols dummy
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cannabinated


Registered: 01/03/13
Posts: 14,743
Loc: Outside
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sf6 146.06 g/mol
co2 like 20
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cannabinated


Registered: 01/03/13
Posts: 14,743
Loc: Outside
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and i know that might hurt my argument im just saying that its climate science is crazy complicated
most of our greenhouse gasses are formed by plant VOC's reactions with human emissions
i wonder how much agriculture destroying the food web decreased CO2 total emissions by killing total life
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Lophosaurus
suruasohpol


Registered: 08/09/07
Posts: 8,744
Loc: CA
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If you don't own a house or property then put it into that. Paying a landlord is the worst financial mistake you could ever make.
If you can't afford a house then buy land a put a trailer/tent on it or build a little cabin. Fix up the house and/or land. Paint the house, reshingle, make a garden and grow weed. Then and sell it for more money in a couple years. Invest that money into a better house and into stocks.
I invested into a house, fixed it up, and now it's worth double in just 3 years. I also invested in crypto and lately the stock market. Just started putting small amounts into stocks recently. I got a cruise line stock, Davita dialysis, and Alaska Airlines. Put in $1500 and now it's worth $1650 in less than a month!
If I was young and starting all over with $10,000 then I would buy a cheap RV and drive it to a high paying city like San Francisco. I would work construction or a higher paying job at over $35 an hour and live in the RV for a couple years. After that I would have enough money saved to buy a house with cash, especially in a cheaper state I would live like a king.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Quote:
Psyche delics said:
Quote:
Asante said: I think its a bit too early for solar panels as I expect the cost factor of that to drop dramatically in the coming few years.
Not only will it drop but they'll become more efficient the best ones we have now I believe are only like 25 percent efficient.
Tesla has roof tiles with solar incorporated into them.
An innovative company is working on solar cell PAINT, you give your house a paint job, it nets electricity. There are film-based solar cells that are not high yielding but dirt cheap.
Its kinda like with LED lightning: in the beginning it was clumsy and highly expensive, now its tiny, efficient and the norm.
Solar will go the same trajectory. Demand is increasing enormously making drastic innovations and price cuts possible. China is putting its shoulders under the project of making solar abundant and affordable. Then you know you will see results. Think of Three Gorges Dam or those negative pressure COVID hospitals assembled and disassembled on the spot. China knows how to get shit done.
-------------------- Omnicyclion.org higher knowledge starts here
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
Loc: PA
Last seen: 1 hour, 9 minutes
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Re: Investing $10,000 [Re: Kelazam]
#26938366 - 09/16/20 04:24 AM (3 years, 4 months ago) |
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Quote:
Kelazam said: What would be the most efficient way to invest ten thousand dollars?
Depends on the person, I'd do real estate you can buy a crack house and fix it up. Split it in to a duplex and you'll be slum lord in no time.
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      You never kno
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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I think that is what I will do
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Ice9
3X Ban Lotto Champion



Registered: 03/20/14
Posts: 11,232
Loc: daterapeville,USA
Last seen: 9 seconds
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Quote:
cannabinated said: idk how greenhouse gasses work
also weight is not mols dummy
I just happen to be a chemist, CO2 MW is 44.01 g/mol and SF6 146.06 g/mol, meaning that 300M number is even way lower ratio wise to CO2. This is why people focus on CO2 in climate change discussion, es there are tons of greenhoouse gasses, none compare to the amount of CO2 we produce,. Also thanks for making my argument and looking like a complete ass at the same time.
-------------------- The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 22 hours
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Re: Investing $10,000 [Re: Ice9]
#26939013 - 09/16/20 01:07 PM (3 years, 4 months ago) |
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solar panels are filled with scams i read this couple gave this company 20k for solar panels and the company folded and never put up anything. Id give it a few more years
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
Loc: PA
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Re: Investing $10,000 [Re: Gorlax]
#26939118 - 09/16/20 01:56 PM (3 years, 4 months ago) |
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There are better ways so generate passive electricity, solar is only really viable in certain parts of the world.
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      You never kno
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cannabinated


Registered: 01/03/13
Posts: 14,743
Loc: Outside
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indeed it should be strategically used where nuclear isnt an option and there are enough sunny days
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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To be fair though, if someone gave me the choice of $10,000 riding in the S&P 500 or $10,000 riding in 12 ounces of platinum, I'd opt for the metal at this point in time.
I expect the US economy to tank and a number of major S&P 500 companies taking to other countries.
I expect the US to go to shit in the coming years and no longer being the first world power.
Just "Make America Great Again" says enough. The US nuked the fridge.
-------------------- Omnicyclion.org higher knowledge starts here
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 22 hours
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Re: Investing $10,000 [Re: Asante]
#26939162 - 09/16/20 02:17 PM (3 years, 4 months ago) |
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I had a kilo of platinum and traded it for bitcoins but bitcoins were only worth 300$ at the time. I sold em and felt rich now I hate myself seeing bitcoin at 10k for just 1!!! It helped me buy a house at least.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Investing $10,000 [Re: Gorlax]
#26939188 - 09/16/20 02:30 PM (3 years, 4 months ago) |
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Hey thats not too bad! A house is precious!
Imagine how the guy felt who spent 20,000 bitcoin on a takeaway pizza.
-------------------- Omnicyclion.org higher knowledge starts here
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
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Re: Investing $10,000 [Re: Asante]
#26939682 - 09/16/20 07:14 PM (3 years, 4 months ago) |
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I used to get drug on the silk road, wish I had just kept the bitcoin lol. Made a quick flip when the covid crash hit I bought up a buncha crypto. Anything is better than the USD rn its tanking hard from the inflation. If you look at stocks and other and what not it may seem like the value is increasing but in reality the relative value to the USD is just changing rapidly. The real estate and used car game have been wild this year. I estimate the trillions in stimulus has decreasedthe usd value by about 20%. Maybe putting the whole country on welfare was a bad idea. Aside from the virus the biggest wealth transfer in history is about to take place when all the boomers die. 9/10 small businesses will be killed. This is getting to be a true dystopia.
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      You never kno
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 15 days, 22 hours
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the only thing that scares me about bitcoin is if we lose power they are useless. Right now it seems guns are pretty essential but I live in a gun happy state. I was renting the house out but I had a crazy situation occur so I’m done doing that. lol 20,000’bitcoins for a pizza that has to hurt so bad right now. seriously thats 200 million of almost untraceable money. reminds me of those bitcoins investors on snapchat.
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: Investing $10,000 [Re: Gorlax]
#26939731 - 09/16/20 08:07 PM (3 years, 4 months ago) |
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At least it wasn't a frozen pizza.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Re: Investing $10,000 [Re: Kelazam]
#26940347 - 09/17/20 08:48 AM (3 years, 4 months ago) |
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What do you guys think of the idea of investing 10k in crypto mining? I haven't worked out the cost of electricity yet so don't take that in to account
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budmanman
OTD Masterbater



Registered: 02/07/07
Posts: 17,974
Loc: PNW
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Re: Investing $10,000 [Re: Kelazam]
#26940349 - 09/17/20 08:51 AM (3 years, 4 months ago) |
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I wouldn't recommend it
-------------------- Everything I have ever said is total bogus bs I am full of crud therefore everything I say should never be taken literal. And I am mentally unstable.
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Kelazam
All



Registered: 05/18/17
Posts: 1,146
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Re: Investing $10,000 [Re: budmanman]
#26940352 - 09/17/20 08:55 AM (3 years, 4 months ago) |
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How come? Ethereum Classic can be profitable if electricity costs are low
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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,712
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Re: Investing $10,000 [Re: Shiithead]
#26940427 - 09/17/20 09:55 AM (3 years, 4 months ago) |
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Quote:
Shiithead said: Yourself. I'd get an education with it. You can make 10k every 3 to 4 months if you learn a trade.
This is a great answer. OP, I don't know how much you currently make with your job, but if you don't make much then it's wise to invest in some kind of schooling to get a good career and make bank...
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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Grungeman17



Registered: 05/06/09
Posts: 1,436
Loc: usa
Last seen: 23 hours, 52 minutes
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If you want to diversify and also have a hobby investment, sports card market. are up over like 200%+ Gold is expensive atm, if you can find one hi cap fire arms bought on sale or a good deal through the individual is an almost lock investment right now, with added tangibity, a shroom grow or weed frow if ypu know how to shut the fuck up can be a good in and out thing. I would go for some of these more tangible options. Like there are ALOT of opportunities outside the stock market on collectables , goods, equipmemt for services ypu could perform. Alot of avenues if one simply didnt want to risk there nest egg in the hands of other businesses. Not sayimg dont take a 1000. And see if you could make it stick there. The market guys on the shroomery are good. But tangibles baby. Back up the truck.
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Plates are selling for twice or three times as much right now. Only one company really makes them so they have a bunch of orders they behind on. Normally takes 2 months for an order to be filled.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Quote:
Ahab McBathsalts said: At least it wasn't a frozen pizza.
There's always a silver lining!
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
Last seen: 4 hours, 16 minutes
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Quote:
Grungeman17 said: If you want to diversify and also have a hobby investment, sports card market. are up over like 200%+ Gold is expensive atm, if you can find one hi cap fire arms bought on sale or a good deal through the individual is an almost lock investment right now, with added tangibity, a shroom grow or weed frow if ypu know how to shut the fuck up can be a good in and out thing. I would go for some of these more tangible options. Like there are ALOT of opportunities outside the stock market on collectables , goods, equipmemt for services ypu could perform. Alot of avenues if one simply didnt want to risk there nest egg in the hands of other businesses. Not sayimg dont take a 1000. And see if you could make it stick there. The market guys on the shroomery are good. But tangibles baby. Back up the truck.
In my experience, sports cards have book value but are worth absolutely nothing when you try to sell them. If I still had my baseball cards from the 60's they would be valuable, but anything from the 80's on isn't.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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koods
Ribbit



Registered: 05/26/11
Posts: 106,049
Loc: Maryland/DC Burbs
Last seen: 4 hours, 53 minutes
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Re: Investing $10,000 [Re: Ice9]
#27016727 - 11/02/20 04:33 AM (3 years, 2 months ago) |
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Quote:
Ice9 said:
Quote:
cannabinated said: idk how greenhouse gasses work
also weight is not mols dummy
I just happen to be a chemist, CO2 MW is 44.01 g/mol and SF6 146.06 g/mol, meaning that 300M number is even way lower ratio wise to CO2. This is why people focus on CO2 in climate change discussion, es there are tons of greenhoouse gasses, none compare to the amount of CO2 we produce,. Also thanks for making my argument and looking like a complete ass at the same time.
SF6 is so dense it would settle out of the atmosphere anyways
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
Loc: PA
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Re: Investing $10,000 [Re: koods]
#27016737 - 11/02/20 04:49 AM (3 years, 2 months ago) |
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If you bought BTC when you made this thread you'd be loaded rn like me :]
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      You never kno
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koods
Ribbit



Registered: 05/26/11
Posts: 106,049
Loc: Maryland/DC Burbs
Last seen: 4 hours, 53 minutes
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One thing I’ve noticed about bitcoin traders is they never stay loaded for very long
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
Loc: PA
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Re: Investing $10,000 [Re: koods]
#27016816 - 11/02/20 06:22 AM (3 years, 2 months ago) |
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Only have about 10% of my assets in it so more of just play money. Definitely more growth potential than the big stocks tho.
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      You never kno
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koods
Ribbit



Registered: 05/26/11
Posts: 106,049
Loc: Maryland/DC Burbs
Last seen: 4 hours, 53 minutes
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Bitcoin is not an asset people will flock to for safety. If things go south, bitcoin is going south too.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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christopera
Stranger


Registered: 10/13/17
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BTC is a terrible investment, it's like "investing" in a vintage car. Except the vintage car is actually insured.
I have made insane money off of BTC over the years, but I got started when it was under $5 a coin, and I mined my first coins at $7 a coin. Those days are over. For the people still trying to use it as an investment, you are just a pawn in a game that is owned fewer and fewer people.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
Loc: PA
Last seen: 1 hour, 9 minutes
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I bought a few BTC when it crashed from the rona made alot of money eith not much effort. Dont really like investing in things like that prefer real estate been fixing n flipping houses for a good minute now, helps that I enjoy doing the work. If you got in the game when it was 7 a coin you should be a multi millionaire by now.
I'm young so for me success rn is owning my home and car, and having a retirement fund already. Hope to hit 7 figures someday but just happy to live comfortably when I came from poverty and debt.
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      You never kno
Edited by Shroomhunts (11/02/20 07:07 AM)
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christopera
Stranger


Registered: 10/13/17
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I certainly didn't hold. I sold off when the $1300 crash happened. And because I didn't want to pay taxes I cashed out a lot of my BTC on physical goods along the way. I have owned lots of BTC since, I still own some, of which I have gained around 25% in value in the last few months. I will continue to use it for physical goods. My 401k has outperformed my BTC over the last few years.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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koods
Ribbit



Registered: 05/26/11
Posts: 106,049
Loc: Maryland/DC Burbs
Last seen: 4 hours, 53 minutes
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Bitcoin is a technology and just like every technology before, it will be replaced by better technology. Bitcoin is to cryptocurrency like AOL is to the Internet.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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koods
Ribbit



Registered: 05/26/11
Posts: 106,049
Loc: Maryland/DC Burbs
Last seen: 4 hours, 53 minutes
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Re: Investing $10,000 [Re: koods] 1
#27016942 - 11/02/20 07:23 AM (3 years, 2 months ago) |
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Buy the nicest home you can afford and drive the shittiest car that gets the job done. That’s how you accumulate wealth. People who get a little taste of those quick Bitcoin returns early on are probably screwed long term because responsible investing will never satisfy them.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Investing $10,000 [Re: koods]
#27016954 - 11/02/20 07:31 AM (3 years, 2 months ago) |
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Quote:
koods said: Buy the nicest home you can afford and drive the shittiest car that gets the job done.
Sounds like sound advice.
-------------------- Omnicyclion.org higher knowledge starts here
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Shroomhunts
Hunter Gatherer



Registered: 05/07/18
Posts: 2,928
Loc: PA
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Re: Investing $10,000 [Re: Asante]
#27016964 - 11/02/20 07:39 AM (3 years, 2 months ago) |
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As someone who does disaster restoration for a living buying the nicest home I could afford would be a big L. I can get old properties under 50k and easily triple the value in a few years doing renovations. Sorry for the rant just get pissed by people signing 30yrs of their life away because they think it's the only way to own a home. All my purchases are cash, debt is essentially slavery. You shouldn't be a slave to your home. Really sad seeing my peirs get stuck in this debt trap, I want prosperity for all but unfortunately most will end up having all their assets owned by a jew they never met, living in the illusion of wealth in that 2021 luxury car they can't afford.
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      You never kno
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Grungeman17



Registered: 05/06/09
Posts: 1,436
Loc: usa
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Depends how serious you are, and what you already have to work with. I invested roughly 2k into sports over the course of 2020 at differnt times and retail drops at my local targets and walmarts and "hit retail" so to speaks which from there lay many options and schemes for hobbying and profiting in a perfect storm bull card market. Don't go on ebay and buy wax "boxes" find them at the store. You can grow trichocerus cacti of many variety with virrually 0 legal complications from coast to coast and the market for mesc cacti has swelled enormously. And sales and auctions are daily across many sm platforms. Grow some boomers or some bud. Have some fun.
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