Investment Ideas?
07-09-2007, 06:14 PM
#21
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Join Date: Mar 2003
Posts: 21,479
Re: Investment Ideas?
Originally Posted by imburne
My nog. How many people would of thought dropping 2-3k in a honda would give you 400+ hp?? I know its doable.
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07-09-2007, 06:47 PM
#23
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Join Date: Feb 2003
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Re: Investment Ideas?
Selling chinese garbage in a market where the only guy that sells anything is the lowest priced is bullshit. In order to get the prices to be that guy you've got to dump LOTS of money on the buy in. Usually you'll have a minimum quota to keep with your supplier or you're SOL. Yes, if you sell a million items and make a dollar off each one you'll have a million bucks, but it's not worth your time. I'd rather blow my fucken head off, and this is the reason customer service takes a back seat on chinese stuff (except Donald 
) They don't make enough to care about your experience.
Really, it isn't about "selling chinese products", "selling oil lines", or any of that ----. It's about buying and selling. I've nailed down the 2 reasons why people buy ----:
1) They have enough money to not worry about finding the cheapest price. They just want it. (and usually fast).
2) They're lazy or unknowledgable. They don't know where to find it cheaper, or don't know how to make it. Also known as convenience.*
Now, the stock market isn't something I know alot about, but I DO know that if you're going to put money into it, just put the money in and consider it lost. If it turns out the other way, holla at a *****. Without knowing much about stocks, I would go for penny (low price stocks) that have the potential to be $3 stocks. If you buy 200 shares in a stock that's 40 cents/share, you have a whole $80 wrapped into it. That's a pretty small commitment.
On a very basic level, if I was in your shoes, I would look for a used car, preferably a honda that has a bad headgasket or some minor ---- that the people are *too dumb to know how to fix, or too lazy*. You repair these things, prep the car to be sold, and make a profit on it by selling it to that guy who *just has to have this car, and has some money at the time* Both of my civics were bad headgasket issues that were bought for $500/each. The hatchback (shuttle) could have been sold for $2,000 the same day I put the $39 headgasket in, and the coupe got me a check from the insurance company today for $2,475, after a girl hit the back and messed up the rear bumper and bumper support last week. If I were to fix those things, prep the car to be sold, and sell it for $2,000 (there was no change to the title, even though the insurance "totaled" it.), I would have a $500 car that's driven me around for 2 years, and made me $4,475.
Of course, these are chance situations that come up with cheap fixable cars, light accidents resulting in payoffs, ect... but I'd go with what you know, and stay away from stocks, real estate, chinese businesses until you get a little taste.
Oddly enough, making money will depend on you finding stupid people, lazy people, or people who find themselves in bad situations and you have more time to sit around before you help them than they have to give. The shuttle hasn't had one part that I've paid retail for, because I have the time to sit around and wait for that guy who needs rent/crack money this month, and as soon as we both know he needs me more than I need him, I'm getting more product than I'm going to pay for. You'll be looking for this same situation when you find that honda to flip.
) They don't make enough to care about your experience. Really, it isn't about "selling chinese products", "selling oil lines", or any of that ----. It's about buying and selling. I've nailed down the 2 reasons why people buy ----:
1) They have enough money to not worry about finding the cheapest price. They just want it. (and usually fast).
2) They're lazy or unknowledgable. They don't know where to find it cheaper, or don't know how to make it. Also known as convenience.*
Now, the stock market isn't something I know alot about, but I DO know that if you're going to put money into it, just put the money in and consider it lost. If it turns out the other way, holla at a *****. Without knowing much about stocks, I would go for penny (low price stocks) that have the potential to be $3 stocks. If you buy 200 shares in a stock that's 40 cents/share, you have a whole $80 wrapped into it. That's a pretty small commitment.
On a very basic level, if I was in your shoes, I would look for a used car, preferably a honda that has a bad headgasket or some minor ---- that the people are *too dumb to know how to fix, or too lazy*. You repair these things, prep the car to be sold, and make a profit on it by selling it to that guy who *just has to have this car, and has some money at the time* Both of my civics were bad headgasket issues that were bought for $500/each. The hatchback (shuttle) could have been sold for $2,000 the same day I put the $39 headgasket in, and the coupe got me a check from the insurance company today for $2,475, after a girl hit the back and messed up the rear bumper and bumper support last week. If I were to fix those things, prep the car to be sold, and sell it for $2,000 (there was no change to the title, even though the insurance "totaled" it.), I would have a $500 car that's driven me around for 2 years, and made me $4,475.
Of course, these are chance situations that come up with cheap fixable cars, light accidents resulting in payoffs, ect... but I'd go with what you know, and stay away from stocks, real estate, chinese businesses until you get a little taste.
Oddly enough, making money will depend on you finding stupid people, lazy people, or people who find themselves in bad situations and you have more time to sit around before you help them than they have to give. The shuttle hasn't had one part that I've paid retail for, because I have the time to sit around and wait for that guy who needs rent/crack money this month, and as soon as we both know he needs me more than I need him, I'm getting more product than I'm going to pay for. You'll be looking for this same situation when you find that honda to flip.
07-09-2007, 06:51 PM
#25
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Join Date: Feb 2006
Posts: 2,808
Re: Investment Ideas?
Originally Posted by Jmunk
ING organge savings account at 4.5 % interest.
Good post Steve... Speakin of makin $$, you get my letter out? And the stock market isn't that much of a mystery. Just involves a metric *** ton of research and patience
07-09-2007, 06:54 PM
#26
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Join Date: Mar 2003
Posts: 21,479
Re: Investment Ideas?
Originally Posted by QikEnuF
And the stock market isn't that much of a mystery. Just involves a metric *** ton of research and patience
...and in 10 years you could either be exactly where you started or a millionaire. I wouldn't count on the second one though.
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07-09-2007, 06:54 PM
#27
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Join Date: Feb 2003
Posts: 0
Re: Investment Ideas?
And keep your investement money seperate from your regular bank account, and don't touch it. Take your profits from say two flipped hondas, and you have (for instance $2,000 profit/each, plus your original $3,000)= $7,000. At this point you're almost ready to buy a rental apartment and plan your own retirement. 
Being rich doesn't have anything to do with how much is in your account, it's how you handle it, and sadly, financial resposibility isn't something they teach here in America. People who live above their means always think a raise would just help them get out of debt, until they get the raise, and they're in the same situation. It's because they're idiots, and will be just the kind of "helpless person" you'll need when looking to buy something they have in order to turn a profit on it.
It's out as of today.
Being rich doesn't have anything to do with how much is in your account, it's how you handle it, and sadly, financial resposibility isn't something they teach here in America. People who live above their means always think a raise would just help them get out of debt, until they get the raise, and they're in the same situation. It's because they're idiots, and will be just the kind of "helpless person" you'll need when looking to buy something they have in order to turn a profit on it.
Originally Posted by QikEnuF
Is ***...
Good post Steve... Speakin of makin $$, you get my letter out?
Good post Steve... Speakin of makin $$, you get my letter out?
07-09-2007, 06:58 PM
#29
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Join Date: Feb 2006
Posts: 2,808
Re: Investment Ideas?
Millionaire? Hard to pull off. But with enough patience/research (2 words again and again and again), you can have a nice little pile saved up in case something unforeseen happens, or you just want a bigger house/hotter trophy wife. It really is all about research and having the patience to ride out the low points until you believe the stock(s) you invested in hit their peak or you can make a decent amount of money by selling. Less risk/overhead with the stock market than there is with CDM eBay stuff and land. Wish I had owned a few pieces of real estate in like 04-05, but I was young and real poor...
And Steve, Great success....
And Steve, Great success....
07-09-2007, 07:03 PM
#30
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Join Date: Mar 2003
Posts: 21,479
Re: Investment Ideas?
I haven't heard of very many people losing money investing in land. I can guarentee NOBODY has lost any money investing in land in this city in the last ~15 years. I see a bigger risk investing in stocks. Companies can go under overnight and you're fucked. 
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