they say it takes money to make money. So if you had a nice chunk of change, lets say 50k. What would you do with it?
2006-09-07 05:41:38 · 17 answers · asked by Mr nice guy 2U 5 in Business & Finance ➔ Investing
i will open up a business, like an internet cafe.
2006-09-07 05:43:15 · answer #1 · answered by OnionSkin 3 · 0⤊ 0⤋
Why not let me show you how to make money from money, I wouldn't want to see any of your money (it will be in your hands at all times).
How?
Let me show you how to play and win at poker - before you dismiss this, do you know if you play the game correctly, over time, you will be a guaranteed winner - there are odds on each set of cards and each hand, if you learn to play the best way, always play to the correct odds/percentages, in the long run, you do make money.
Is it hard to learn how to do it? You bet it is.
I can guide you through games whilst you play them online via msn chat.
What do I charge for this service? I only get paid if you win money, I ask for 30% (negotiable) of profits made only and only whilst I am training.
Once you think you know enough, you can go alone.
Some people even sponsor me to play for them.
Any way, its one way of making money whilst having a lot of fun.
You would not be looking at spending a lot, I play tournament poker where it is an initial buy in of say $100 or less on line or you can play live games that cost a lot more but the more you invest, the more you get out and at the same time, can travel the world.
2006-09-07 20:34:17 · answer #2 · answered by dirtyharry 1 · 0⤊ 0⤋
I agree with Lee.
If you have debt, pay it first.
If not, find a proven, audited and low-risk strategy to make more money.
Mine isn't perfect, but will help you to double your money every 3 to 5 years, whatever the market does, and with 2 to 4 times less risk than holding an S&P 500 index tracker. More on the link below.
Let's make money!
Good luck
Marc
2006-09-07 12:48:16 · answer #3 · answered by Marc H. Mayor 2 · 0⤊ 0⤋
If I had 50K first I'd put 5K in a money market account. Next I'd pick a few good stocks to sink 15K. I'd use the last 30K to put a down payment on a multi-unit building... at least 4 units so I can keep income coming in
2006-09-07 12:47:36 · answer #4 · answered by Marissa J 1 · 0⤊ 0⤋
Well I wouldn't take my chances with the stock market. I certainly wouldn't be going to Las Vegas or Atlantic City. I guess I would put it towards a bond or just stick in the bank and let the interest grow on it.
Yeah! That's what I would do.
2006-09-07 12:45:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It takes money to make money is true. But how we invest is more important if i have that money first i deposit it in a bank. then read more and more case studies of others and think about me what can i do ?? what are my capabilities and finaly decide what is the way that i am going to invest my money. it could be buying stocks, or land start a new web site or start a my own comany... that depends on the persons capabilities.. Thanks !!!
2006-09-07 12:49:19 · answer #6 · answered by SHAN 1 · 0⤊ 0⤋
1. pay off any debts that carry interest rates that are higher than what you can get if you put it in the bank.
anything left over?
2. invest in some mutual funds. (energy and biotech strategies should be hot)
feeling riskier?
3. select some stocks in companies with PE ratios that are lower than industry standards. these companies should also have a solid management team and lots of growth potential.
good luck...
2006-09-07 12:53:11 · answer #7 · answered by loveholio 5 · 0⤊ 0⤋
Depends on what your priorities are. Do you own a house right now? Are you going to school? Are you in debt? The smart thing to do is invest the money if there is no other need for it. CD's IRA's down payment on a house are all great choices.
If you don't have it, education is the most important investment you can make.
2006-09-07 12:45:39 · answer #8 · answered by Lee H 2 · 0⤊ 1⤋
Stick it in the bank.....i don't exactly know how it works but if you put money in the bank they pay you like 1,million equals like 100 dollars a day so ya its pretty cool.
2006-09-07 12:50:10 · answer #9 · answered by Jennie 1 · 0⤊ 0⤋
i would invest in it and start maybe 10K in cd's at banks. and watch it grow. (over time of course). i would pay off all my bills or the ones that i need to pay off and then the rest if you wanted to go back to school use it for that. or if not then just save it and in the end you will be a rich SOB.
2006-09-07 13:30:25 · answer #10 · answered by fryeindustries2002 3 · 0⤊ 0⤋
Two chicks at the same time.
You say, "that's it. If you had 50 G's, you would do two chicks at the same time.
Damn right, i always wanted to do that. I think if i had 50G's i could hook that up. Chicks dig dudes with money.
You say "not all chicks."
I'd reply, "well, the types of chicks who would double up on a dude like me do."
GOD BLESS OFFICE SPACE
2006-09-07 12:47:24 · answer #11 · answered by Good luck chief 3 · 0⤊ 0⤋