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-   -   best way to invest 10k short-term (https://www.homemadeturbo.com/general-discussion-6/best-way-invest-10k-short-term-88755/)

HondaTuner 02-06-2008 06:22 PM

Re: best way to invest 10k short-term
 
How'd you save up $10k in a few months @ 18 years old?... drugs? lol

marcj 02-06-2008 06:30 PM

Re: best way to invest 10k short-term
 
if you can find a cheap way to buy and sell stocks then go for it..
I bought 10 shares in intel when it was 15 bucks and sold when it was 25.
basically made 100 bucks from a tiny investment for a few weeks.

so say I had 10k to spend like you do, at 15 dollars a share I would have had 660 shares.. when it went up to 25 and I sold, that would have been a 6,500 profit within a month or so. You can setup systems to automatically sell when your share gets close to the original cost, in this example 15 dollars.. that way you never actually lose your investment :6

marcj 02-06-2008 06:34 PM

Re: best way to invest 10k short-term
 
also, lets say you bought Google when it opened up to the market, if i recall correctly it was about 150 a share, which is high as ---- for opening price

you put your 10k into Google, right? you get 66 shares, sounds shitty.. but look at the price right now; 66 * 501.71 a share.. that's 33,112

jinxy 02-06-2008 06:45 PM

Re: best way to invest 10k short-term
 

Originally Posted by marcj
also, lets say you bought Google when it opened up to the market, if i recall correctly it was about 150 a share, which is high as ---- for opening price

you put your 10k into Google, right? you get 66 shares, sounds shitty.. but look at the price right now; 66 * 501.71 a share.. that's 33,112

There's penny stocks that would blow your mind with the amount of change. I'm talking 9 cents to 10 dollars... Pretty solid way to lose your ass in a few minutes.

bigdaddyvtec 02-06-2008 06:50 PM

Re: best way to invest 10k short-term
 
LOL..
Ya, just remember that in 99-01 Yahoo was about 400 a share too... Coming pretty much out of IPO.... ALOT of people made ALOT of money on it. I owned Cisco back in the day, that and excite@ Home... I got some "onside informatin" and cashed out my cisco ---- (after sploitting and coming back up) invested in the Tip and got fucked... AActually, quite a few did..

No more trading for me...

Short term investment??? ---- that if you have it and you can live without it put it in a CD or some ---- and LEVE IT THE ---- ALONE and let it work for you.

TorganFM 02-06-2008 06:55 PM

Re: best way to invest 10k short-term
 
Purchase a 3000 gallon fuel tank and fill it with fuel. I'm telling you that's the most stable investment at this point. Gas isn't getting any cheaper, homie.

jinxy 02-06-2008 06:56 PM

Re: best way to invest 10k short-term
 

Originally Posted by TorganFM
Purchase a 3000 gallon fuel tank and fill it with fuel. I'm telling you that's the most stable investment at this point. Gas isn't getting any cheaper, homie.

fuel doesn't last that long before it starts to break down.

TorganFM 02-06-2008 06:57 PM

Re: best way to invest 10k short-term
 
Sell it!

Dr.Boost 02-06-2008 06:58 PM

Re: best way to invest 10k short-term
 

Originally Posted by bigdaddyvtec
I owned Cisco back in the day, that and excite@ Home... I got some "onside informatin" and cashed out my cisco ---- (after sploitting and coming back up) invested in the Tip and got fucked... AActually, quite a few did..

I also owned Cisco. My boss talked me into it. They must have seen me coming because that POS stock took a ---- after I bought it. :7
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Guy-Fast 02-06-2008 06:58 PM

Re: best way to invest 10k short-term
 

Originally Posted by SinisterCRX
How'd you save up $10k in a few months @ 18 years old?... drugs? lol



aka parents checking account


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