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slakethythirst
Stranger


Registered: 08/17/07
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$7,500 to invest, serious replies please
#7753688 - 12/13/07 01:17 PM (16 years, 1 month ago) |
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Hello all,
I have $7,500 I want to invest. It has been in a CD for around a year now, and while it makes nice money, I am looking for something a bit more fruitful.
I am willing to take some risks, but nothing too crazy. I am not interested in gold, silver, coins etc.
I don't want to put it into any kind of retirement fund.
If you have any ideas, places to start or personal experiences to share I would greatly appreciate it.
PS: No I don't want to spend it on drugs, or send it to you (majority of the responses on another message board).
Thanks
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elcharrosays
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Re: $7,500 to invest, serious replies please [Re: slakethythirst]
#7753694 - 12/13/07 01:19 PM (16 years, 1 month ago) |
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id suggest converting it to another currency before it's worth next to nothing..
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desufnoC
Stranger


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Re: $7,500 to invest, serious replies please [Re: elcharrosays]
#7753714 - 12/13/07 01:22 PM (16 years, 1 month ago) |
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send some to me then buy a shit load of bud, shrooms, rolls and LSD!
-------------------- fuck captin planet!
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Ego Death
Justadropofwaterinanendlesssea


Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
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Re: $7,500 to invest, serious replies please [Re: slakethythirst]
#7753741 - 12/13/07 01:26 PM (16 years, 1 month ago) |
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Whats CD?
I keep my stash in a high interest tax free account.
My bank manager keeps telling me to invest in their stocks and shares programs but I don't like the risk.
At least my hard earned cash is safe, if I risk it I could lose it all.
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dirtworshipper
Sitting in the heart cave



Registered: 05/12/07
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Re: $7,500 to invest, serious replies please [Re: desufnoC]
#7753748 - 12/13/07 01:28 PM (16 years, 1 month ago) |
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want to invest in an independent record label, full of amazingly beautiful, local, true spirit?

or give it to lots of people who really need it?
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“You've got as many lives as you like, and more, even ones you don't want.” - George Harrison
Edited by dirtworshipper (12/13/07 01:35 PM)
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: $7,500 to invest, serious replies please [Re: slakethythirst]
#7753764 - 12/13/07 01:31 PM (16 years, 1 month ago) |
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Quote:
It has been in a CD for around a year now, and while it makes nice money, I am looking for something a bit more fruitful.

It hasn't made any money, its inherent value just has declined slower than it would have in US dollars.. but in Canadian Dollars you still lost value, even though the number in US dollars has become bigger.
Why not gold? Why not silver? It is a serious investment opportunity at this point in time.
Aww, just subtract $1.400 from your investment sum and buy a 100 oz bar of silver. It's the size of a small brick so it's not like it'll get in your way. Many experts assume it'll be worth $3.000-$10.000 in a couple of years. (but: do your own research!)
Whatever you do.. read up on REAL INFLATION. However you invest, if you live in the USA and it nets you less than 5-10% increase in a year, that isn't a gain but a LOSS. Learn about what the REAL STORY is about the dollar.
-------------------- Omnicyclion.org higher knowledge starts here
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dirtworshipper
Sitting in the heart cave



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Re: $7,500 to invest, serious replies please [Re: Asante]
#7753775 - 12/13/07 01:34 PM (16 years, 1 month ago) |
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Quote:
Wiccan_Seeker said:Learn about what the REAL STORY is about the dollar.
is that the story where the dollar isn't worth anything at all? i know that one!
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“You've got as many lives as you like, and more, even ones you don't want.” - George Harrison
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Ego Death
Justadropofwaterinanendlesssea


Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
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Re: $7,500 to invest, serious replies please [Re: Asante]
#7753776 - 12/13/07 01:34 PM (16 years, 1 month ago) |
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Yeah, inflation averages out at 4% here (UK) so if your interest is less than that you are effectively losing money!
The problem with asking other people about investments is theres not many people that will speak honestly. Most people will try to get you to invest in their pie. (I exclude you from that though wiccan, you have a sound knowledge)
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Cowgold
Bullshit


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Re: $7,500 to invest, serious replies please [Re: slakethythirst]
#7753782 - 12/13/07 01:35 PM (16 years, 1 month ago) |
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Avoid any online advice.
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dirtworshipper
Sitting in the heart cave



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Re: $7,500 to invest, serious replies please [Re: Cowgold]
#7753787 - 12/13/07 01:37 PM (16 years, 1 month ago) |
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so, that means yours too?

that sounds like a Koan of some sort
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“You've got as many lives as you like, and more, even ones you don't want.” - George Harrison
Edited by dirtworshipper (12/13/07 01:37 PM)
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SneezingPenis
ACHOOOOOOOOO!!!!!111!

Registered: 01/15/05
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Re: $7,500 to invest, serious replies please [Re: dirtworshipper]
#7753802 - 12/13/07 01:40 PM (16 years, 1 month ago) |
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give it to Ron Paul!
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C20H25N3O
Calico Kahlia


Registered: 02/01/04
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Re: $7,500 to invest, serious replies please [Re: SneezingPenis]
#7753816 - 12/13/07 01:44 PM (16 years, 1 month ago) |
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I'd look into investing in commodities at the moment. But its much easier to talk about making money than making money.
-------------------- Calico Kahlia come tell me the news Calamity's waiting for a way to get to her Rosy red and electric blue I bought you a paddle for your paper canoe Say you'll come back when you can Whenever your airplane happens to land Maybe I'll be back here too It all depends on what's with you
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: $7,500 to invest, serious replies please [Re: Ego Death]
#7753847 - 12/13/07 01:51 PM (16 years, 1 month ago) |
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Quote:
Yeah, inflation averages out at 4% here (UK) so if your interest is less than that you are effectively losing money!
It's worse EgoDeath. USA.. Europe, the UK and so forth.. Take the figure they give you and double it. Don't fall for the mantra that its just 4%, its way worse than that. An important rule of thumb:
Whenever you are presented with official numbers, you can be certain they have been manipulated to at least some extent in someone's favor. That someone, most often, is not you.
For instance, have you looked at oil prices recently? Just about everything needs oil to come into being or to get it to you. World food prices? up, up, up. We've been producing less food than we're consuming for some years now. Raw materials? Base metals?
The age of prosperity fueled by cheap oil, the one we grew up in in the latter half of the 20st century, is coming to an end. The only savior out there, deuterium fusion, will only be ready to meet our growing energy needs after 2020, and add two decades to that for fullscale implementation.
The OP is looking for an investment opportunity, but what he needs might be a lifeboat instead.
Quote:
Avoid any online advice.
In a way I agree with you Cowgold: you shouldn't follow some guys advice, but that goes for the online and offline world equally.
Do your own research. Check the "facts" presented to you. Think independently. Dare to think unconventional thoughts.
-------------------- Omnicyclion.org higher knowledge starts here
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Ego Death
Justadropofwaterinanendlesssea


Registered: 04/27/03
Posts: 10,447
Loc: The War Machine
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Re: $7,500 to invest, serious replies please [Re: Asante]
#7753856 - 12/13/07 01:53 PM (16 years, 1 month ago) |
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Silver could be a good one if it follows the trend it seems of started but then you have other problems are you gonna buy pure gold gold and store it?
Are you gonna pay a security box to store it in or risk keeping it at home?
You can buy shares but then theres other cost involved.
My point? Its all a gamble, man!
Personally I would come up with a good business plan and invest in that. I'm always having business ideas though. I have an entrepreneurs brain that met ganga and decided to keep making ideas but never actually do any
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druqs
ALKALOIDOHOLIC


Registered: 09/11/06
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Re: $7,500 to invest, serious replies please [Re: Ego Death]
#7753899 - 12/13/07 02:06 PM (16 years, 1 month ago) |
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buy shares in a good carbon offsetting company.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: $7,500 to invest, serious replies please [Re: Ego Death]
#7753921 - 12/13/07 02:11 PM (16 years, 1 month ago) |
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Quote:
are you gonna buy pure gold gold and store it? (..) You can buy shares
No shares, futures and all that stuff. Actual physical gold or silver, no paper promises. Paper promises got us into a lot of this mess.
We've been making a hundred promises and only can make good on a dozen. That's the financial/economic reality we're facing. That's the financial/economic catastrophe we're facing.
Quote:
Are you gonna pay a security box to store it in or risk keeping it at home?
Safe deposit box. If you keep it at home, it's one home invasion and you're flocked like so many sheep have been before you.
Quote:
My point? Its all a gamble, man!
True, but there are low-risk bets and high-risk bets.
You can be sure that money will become worth less and less. Central banks and the federal reserve see to that. But lately there is trouble stirring and the value behind money is PLUMMETING. You can also be sure that if you invest your money in something attached to a relatively fixed amount of money, you'll be losing money.
Commodities and real estate are the way to go in my view. Tangible stuff that will cost more money if the currency dwindles - and which will fetch you more money if you own it and sell.
As a figure of speech: today you can buy a chicken for $10, tomorrow you'll be selling its eggs for $10 a piece.
Dollars, Pounds, Euros.. you won't BELIEVE what you'll pay for your groceries in 10, 15 years, and how little today's saving mean then.
-------------------- Omnicyclion.org higher knowledge starts here
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boxcarguy07
Uno



Registered: 04/25/07
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Re: $7,500 to invest, serious replies please [Re: Asante]
#7753927 - 12/13/07 02:13 PM (16 years, 1 month ago) |
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I hear the water desalinization business is looking good to invest in
--------------------
Music doesn't stop at the ears when it begins at the heart.
"Sit in reverie and watch the changing color of the waves that break upon the idle seashore of the mind." -Henry Wadsworth Longfellow
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C20H25N3O
Calico Kahlia


Registered: 02/01/04
Posts: 1,390
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Re: $7,500 to invest, serious replies please [Re: boxcarguy07]
#7753934 - 12/13/07 02:16 PM (16 years, 1 month ago) |
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Quote:
boxcarguy07 said: I hear the water desalinization business is looking good to invest in
Clean water is one of the biggest problems today, and I wouldn't be surprise if anything water related would be a good investment.
-------------------- Calico Kahlia come tell me the news Calamity's waiting for a way to get to her Rosy red and electric blue I bought you a paddle for your paper canoe Say you'll come back when you can Whenever your airplane happens to land Maybe I'll be back here too It all depends on what's with you
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LeftyBurnz
Mr. I Eat Butthole



Registered: 06/21/05
Posts: 24,570
Loc: FL
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Re: $7,500 to invest, serious replies please [Re: C20H25N3O]
#7754168 - 12/13/07 03:08 PM (16 years, 1 month ago) |
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google. invest in google. i had $2000 just sitting around when google opened its stock to the public..... im still kicking myself in the ass for not investing like i wanted to. their stock has been soaring and is projected to keep soaring, especially with the news of their plans to jump into the mobile phone market.
a buddy of mine invested in them nearly a year ago. he has made exceptional gains.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: $7,500 to invest, serious replies please [Re: LeftyBurnz]
#7754234 - 12/13/07 03:25 PM (16 years, 1 month ago) |
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Is it ethical to invest in google?
Just playin', but a serious question nonetheless.
-------------------- Omnicyclion.org higher knowledge starts here
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nolongerinuse


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Re: $7,500 to invest, serious replies please [Re: Asante]
#7754278 - 12/13/07 03:39 PM (16 years, 1 month ago) |
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Anything Chinese.
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fapjack
Title



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Re: $7,500 to invest, serious replies please [Re: Asante]
#7754284 - 12/13/07 03:41 PM (16 years, 1 month ago) |
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The safest investment is to invest in drugs. If I had 7500 bucks, I would rent a house, buy grow supplies, buy clones and start growing weed. You can easily turn that $7500 into $40-$60k within a year depending on where you live, as well as a free place to live. The problem though, if you lose out you lose your freedom and your money.
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Ythan
ᕕ( ᐛ )ᕗ



Registered: 08/08/97
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Re: $7,500 to invest, serious replies please [Re: slakethythirst]
#7754422 - 12/13/07 04:06 PM (16 years, 1 month ago) |
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Every investment is a trade-off between risk and return. The best way to make money while protecting yourself from market fluctuations is with a well diversified portfolio. You can build one easily by purchasing mutual funds. Vanguard is client-owned and has some of the lowest loads in the industry. I have most of my cash in their Prime Money Market fund, Total Stock Market Index fund and Total International Stock Index fund. Their Total Bond fund is also worth consideration. Don't trust anyone who recommends specific stocks or says their advice will beat the market. Index funds outperform other investments including managed funds over the long term, and buy and hold investors end up with better returns than frequent traders. There's lots of information online if you want to learn more.
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Asante
Mage


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Re: $7,500 to invest, serious replies please [Re: Ythan]
#7754435 - 12/13/07 04:09 PM (16 years, 1 month ago) |
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Ythan, where do you stand on gold and silver?
-------------------- Omnicyclion.org higher knowledge starts here
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emrandel
Love iS freeD


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Re: $7,500 to invest, serious replies please [Re: fapjack]
#7754452 - 12/13/07 04:11 PM (16 years, 1 month ago) |
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My best advice would probably be to invest in some mutual funds. Those can have some serious returns and they're more balanced than individually purchasing stocks where you can lose everything in the inability for a single company to be profitable.
Anything can lose all of its value though if shit really goes down. I mean the US can completely collapse and the dollar will actually be worth nothing. The world economy could be reformed and all gold/silver could lose it's value entirely. Is there really anything that's safe?
You can invest in real estate and then have it seized by the government.
The only thing I can see not losing its value is coke. No one in the western world will ever allow cocaine to be legalized. It will only rise in value as demand goes up and supply is stunted. But one DEA raid and that's gone too.
That's why it's not always best to invest in your future. But if everything ends up fine and the government doesn't collapse you'll regret not having saved and invested more. That's just how that game works.
But yeah, if you believe the government will be here five, ten years from now. Hit up the mutual funds.
-------------------- "No drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, green and love of power!" - P.J. O'Rourke
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mr_pat
Stranger


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Re: $7,500 to invest, serious replies please [Re: Asante]
#7754567 - 12/13/07 04:38 PM (16 years, 1 month ago) |
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Use it for a downpayment for land
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Ythan
ᕕ( ᐛ )ᕗ



Registered: 08/08/97
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Re: $7,500 to invest, serious replies please [Re: Asante]
#7754634 - 12/13/07 04:51 PM (16 years, 1 month ago) |
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Well if you believe the global economy is headed for a collapse it's the way to go. Personally I don't see that happening; I've chosen to hedge my bets with an above-average allocation of international stocks but I'm also prepared to wait out a protracted decline if worst comes to worst. I certainly don't think it's foolish to invest in precious metals, and if I'd bought gold when you first started recommending it I'd be ahead of the game now, but historically the returns haven't been particularly competitive. It's also inconvenient to stockpile and secure physical goods, and "high load" in the sense that you pay a relatively steep markup to the dealer up front. But ultimately it's just a different strategy which puts a higher premium on peace of mind and preserving existing value rather than creating new value. It has its place in a diversified portfolio but I wouldn't recommend investing solely in gold any more than I'd recommend investing solely in large-cap stocks or CDs or any other asset class.
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