Well well well…
Fed ramps up economic stimulus, ready to do more
‘Operation Twist’ Is Just a Primer for QE3: Axel Merk
I’m sorry, what was that you were saying, dude?
@JJ: Perhaps the zero-key on the Fed’s input terminal might break from overuse… ya never know!
Clayton -
bah. They’ll just print some physical money and buy a new one.
What if we have a money burning party?
Nothing will lose you money faster than constantly fiddling with your investments with no real goal other than “make money”, so how you should invest depends in your level of discipline. If you have none, just put your money in an S&P 500 index ETF and walk away until you retire. You’ll make an OK return depending on your entry an exit points, but at least you probably won’t lose money. If you have some discipline and can check your investor’s ego at the door, follow a simple, rule-based momentum strategy: http://www.cxoadvisory.com/momentum-strategy/ and you’ll make a lot more without much more risk.
The short version is this: Every month you look back at the top performers from the last n months (n depending on the strategy) and invest in that sector’s ETFs. If certain criteria aren’t met, you instead invest in cash so you aren’t in the market when big dips come. Get a CXO Advisory account and follow one of their rule-based momentum trading strategies. If you have a pay account they’ll give you the picks every month. Open your brokerage account once a month and never look at it other than that. Your investment research can be limited to keeping up with the latest analysis on CXO’s sites in case they come up with a rolling strategy that is better (like the EW top 2 mix instead of single sector). Then repurpose all of the time you would have spent looking at stock picks into doing something entrepreneurial and you’ll reap double rewards.
More reading: http://www.cxoadvisory.com/what-investing-approaches-work-best/
ya dude if you can at all start a business with the money you have you should ALWAYS go for it. It doesnt sound like you have that much money so i would definately go with starting your own business. The amount of return on it would be higher then anything else you could possibly do. If its only a 2-3 grand what do you have to lose?
You could go high end like $1000 a pair of boots with a 500% mark up. If you sell 2 a month thats like having a minimum wage job.
Here is what i would do:
Start a web page. Just keep it minimalist, but professional. Have a picture of a completed boot, a little info on you and your business, and basically an email address. Get a facebook page/tweeter/anything that is free that helps advertise and add legitimacy. All this would cost you almost nothing. Buy some business cards.
Next and most importantly find a rare skin that you can get for next to nothing. I live in Texas so I would find a way to get alligator skins from louisiana for dirt cheap by killing them myself or making a friend who kills them. Or i would find some rattlesnakes and kill them for their skins. Once you find your skin source you are set. At a minimum you can go hunt deer!
i dont know much about tanning hides, but i think this is the most expensive thing about making boots (outside your time and labor). Judging by the fact that every redneck town in the US having a tanner it CANT be that expensive or difficult to learn. So im just going to throw out a random number for the cost of chemicals for a pair of boots is like $40.
soling the boot, but you can pay for a professional to do that for like $40.
$40 for tanning, $40 for soling, $10 for a web page, $5 a month to host a web page, and $20 for an asston of business cards.
obviously there are going to be other costs like sewing machines, random tools, your first boot is probably going to be garbage so you will have to remake it a dozen times till you figure it out, ect.
make yourself a pair that you wear everyday and BOOM you have yourself a business. Maybe even find yourself a girlfriend and have her do all the labor. Chicks love sewing stuff together.
The worst thing that could happen is you lose $1000-$2000 bucks, but what you lose you make up in experience.
That may be the dumbest and most dangerous piece of “advice” I’ve heard in a long time.
haha why? I’m also going under the pretense of ‘excess cash’. Someone’s life savings isnt ‘excess cash’. what is dangerous about risking ‘excess cash’?
how can investing in yourself be considered dumb? if he actually does make the decision of investing in himself how can you say its a dumb idea?
the shoe industry is a huge multibillion dollar industry why not go after it?
Fine. Let’s go ahead and assume you just have hundreds of thousands or millions of dollars just lying around, not doing anything, that you could totally afford to throw away.
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How did you come into this money? Either you already have a business, or you hit a windfall and know nothing about building a business.
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If you didn’t just come into this money, and it didn’t come from a business that you have a part in, then what exactly did you do to build such a fortune of “excess cash”…and why is whatever you did to build this wealth all of a sudden inferior to starting a business?
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If you did just came into this money, how exactly is it “excess cash”? Where is this line between savings and “excess”? What the hell even is “excess cash”?
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Even assuming you find some way to answer those questions in a satisfactory manner, why/how exactly does losing all of that money not affect your potential future and lifestyle?
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Even assuming you find some way to argue that losing that amount of money doesn’t affect a person’s potential future, how exactly do you propose that blindly spending it into some business doesn’t put the person at some legal risk…with exposure to personal liability which could wipe out not just this so-called “excess cash”, but everything the person owns…as well as the possibility of potential harm to the person in a physical sense, through incarceration or injury or death?
This idea that “you should ALWAYS” try to create a business just because you have some money is just asinine.
shrug Maybe you’re not a good investment. Maybe you’re a total loser and you’d be much better off investing in something else…something that would actually generate a return.
That’s the second time you said that in as many sentences. Define “investing in yourself”.