10,000 sitting in my savings making crap interest....what should I do with this in order get a good return?
Real estate? Stocks? Gold?
any valid suggestions?
If your whole savings is only $10k, you should probably keep it in savings. It is nice to have access to liquidity should there be an emergency.
Well I met a guy last week whose neighbor was losing big on his mortgage payments. Not his equity tho. The owner owed 34000 and the house was worth 110,000. He had it on the market and empty for 10 months so he just wanted out. I gave this guy $8,000 for down payment on the total of $35000 mortgage that he was pre approved for. He then re mortgaged the house for $60,000 and gave me $12500 ROI. I gave him 30 days and took the title to his truck. So I am saying that there are honest genuine young entreprenuers out there who you can use your money, their income, and there credit to combine for good returns. Especially right now. Start looking. Do you have a friend that has good income good credit wants to buy a house but has no down payment. I wont be asking for your money but I do have many similar and good ideas. If you want to write me tell me Do you own your own house or would you also be an asset in filling a house for your partner?
If you don't know what to do with it, this isn't the place to find out.
I had the same questions a few months ago. My cash was risk capital though. If that's the case, check out TradeGoose.com. It's a FOREX trading system. I've been at it for awhile and it's doing very well.
It doesn't require much FOREX knowledge to use, but I recommend learning as much as you can about FX trading before jumping in.
Last edited by derekawalker; 09-14-2008 at 12:32 AM.
Hmm, im sure there is a lot of stuff you could do with 10k, buy a car, buy stocks, go to the strip club (and make it rain), invest in an idea, you know what is best for your situation.
Buying a car wouldn't be an investment, invest in something that has a good ROI. I'd say invest in buying domains, they are like "real estate". Keep them with you for a year and sell them off for a profit.
I need more info. Do you have a career/job? Can you qualify for a loan? How is your credit? You can leverage yourself and use this 10k to obtain more funds and have a bigger investment. Let me know.
You can invest your 10k on an online business that works. You can double up the profit. I invite you to study the information carefully by visiting my entrepreneur address below.
Have fun there
Last edited by cybergift; 09-15-2008 at 12:58 AM.
sorry I had to
Honestly it's too hard to say because their are so many variables and so many different things that can work (or can't work). You have to judge this kind of stuff for yourself.
Me personally, I would:
1. Buy a house, pref a duplex if I could qualify with that kind of downpayment.
2. Buy from China for resale.
3. Invest it in a couple web projects I have been meaning to get to.
4. Invest in more marketing for my online projects I already have.
So what do you have going on that you could use this kind of money for?
If you don't have anything on your plate at the time you need to do some brainstorming.
Last edited by Aletheides; 09-15-2008 at 04:23 AM.
If you want to be rich, sell products and services.
If you want to be insanely rich, create and control markets.
I must create a system or be enslaved by another mans; I will not reason and compare: my business is to create.
Read The Richest Man in Babylon - first published in 1926, timeless wealth-building principles.
i only see critique, no ideas?
ive been checking out gimado.com but i dont know if its legit
I have good business investment where you can invest your 10k and earn more than 70% interest. If you arevready contact me
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