'Work' means for someone else... In otherwords, acting independently and legaly, how would you parlay 5 grand into enough money to support yourself on an ongoing basis....
2007-08-26 17:53:44 · 18 answers · asked by Alexander D 2 in Business & Finance ➔ Personal Finance
Wow, I was thinking of something more along the lines of buying a hotdog cart but I see people have suggested everything from trading stock options to buying a moving truck. Good answers -- Keep 'em up!!
2007-09-01 14:51:07 · update #1
Interesting that people are suggesting gambling!!
2007-09-01 14:52:40 · update #2
I'd invest it in an stock index fund for 50 years, and I'd be a multimillionaire....
2007-09-02 03:36:29 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Options are probably your best shot, but you have to know how to pick short-term winners in stocks to have a chance at picking a winner in options. In addition, you have to be more vigilant, because you can't use stops like you can on stocks. On the upside, of the first two options I bought, one expired worthless and the other tripled by the expiration date. If I had bought AOL options in December 1994, when I first considered it instead of January 1995 when I finally got around to it I'd have made a huge bundle, and if I hadn't let the broker suggest that I think some more about buying InputOutput in 1995, I'd have made out similarly well.
If one broker blows you off because of insufficient net worth, ask Grandma--er, go to another broker. That's what I had to do, because Quick & Reilly was too snooty.
Also, if things go against you, you can often still cut your losses before the expiration by selling when the stock corrects upward.
I've been talking about calls, because I generally trade long, but you can also trade puts.
I don't recommend writing options, even covered ones, but that's just me. Whatever you do, get a clue before you start, not after. Not that you won't make mistakes, but at least study the mistakes of others first!
2007-09-01 21:12:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I got a business where you can work for yourself. All you do is get an online store and direct people to it. You make the retail from it. You also buy from your own store. You get the retail and pocket some of the money you spent buying for yourself. You also have other people do the same thing and you can retire in a year or two. Once your business grows enuogh it will never stop growing. My site is http://eanderson10.qhealthbeauty.com/ If you like what you see you can either buy from me or consider joining the business.
2007-09-01 04:29:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the key word in this question is work -- you are not lazy you just want to be boss -- i would get the best used pickup truck i would find for the money and find a strong person who has the same thoughts and start a two men and a truck business - do anything for fee that requires two men and a truck!!! you could even call your self muff and jeff!!!
2007-08-30 08:11:47 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋
from your statement, i sense you want to be your own boss. if then i suggest you consider a home based global business wherein you manage your time. check out the trend and we are into the wellness market. Get a copy of Success From Home Magazine July 2006 and see for yourself what i mean. You get good ideas, and will be glad to help you out.
2007-09-02 09:17:50 · answer #5 · answered by sandra y 4 · 0⤊ 0⤋
I would learn how to invest in the stock market. I think it fulfills your requirements of acting independently, and it is definitely legal. Although, there is definite elements of risk, and it takes a lot of time and intuition. The bigger the risk, the bigger the reward though.
2007-08-27 00:58:56 · answer #6 · answered by madmonkeyx3 2 · 0⤊ 0⤋
you could probably start up a small business of some kind with 5000,
if you want to make quick money, there are all kinds of super risky investments where you can make like triple your money in a day, or more likely, lose it all in a day.
2007-08-27 01:15:59 · answer #7 · answered by zanthus 5 · 0⤊ 0⤋
It depends on how dedicated you are to changing your current situation and what your current expenses are.There are an infinite number of ways to do it. If you want to know how we do it you can email me at education@ze-rio.com
2007-09-03 22:44:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Me , I'd day trade stocks like crazy and pray .
And keep the resumes handy in case they tanked .
>
2007-08-27 00:58:52 · answer #9 · answered by kate 7 · 0⤊ 1⤋
Move to Thailand.
Run a business online.
Live like a king.
eerrrr...that's what I would do...
2007-08-27 03:13:29 · answer #10 · answered by ScottieK 1 · 0⤊ 0⤋