Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Locked thread
Space Gopher
Jul 31, 2006

BLITHERING IDIOT AND HARDCORE DURIAN APOLOGIST. LET ME TELL YOU WHY THIS SHIT DON'T STINK EVEN THOUGH WE ALL KNOW IT DOES BECAUSE I'M SUPER CULTURED.

Krono99 posted:

I'm OK with substantial risk, I would just rather it be something that wasn't a pure luck based gamble.

I'm looking for something along the lines of a controlled project like a car or house rehab project. I don't have quite enough cash yet to get a property rehab flip project going and I don't have the time to hunt for car deals...


Well, it might be if I wasn't completely terrible, lol... I've not devoted a huge amount of time or energy to really get good, but as it stands I'm pretty awful.


That sounds interesting, how does a novice get involved in something that sophisticated?

Any hands-off investment is in some sense a "pure luck based gamble." Your posts read like a gambling addict searching for a can't-fail system, and just like that gambling addict, you're going to lose your shirt if you keep going.

You could turn $5k into $6.5k flipping cars because of your own time and work, and likely some unaccounted-for costs (did you remember to pay income tax on your profits, and pay sales tax on the title transfers? Did you keep all your dealer licensing up to date?). Now, you want the same returns with little or no effort on your part, and with somebody else assuming all the risk for any potential unaccounted-for costs. It's simply not going to happen without casino-game levels of risk on your part (which is to say, an outright negative expected value).

If you couldn't tell: the poker suggestion is a joke, and you'd have better luck putting money on the ponies than with credit default swaps (at least you can tell when a racehorse is physically unable to stand upright). If you actually start playing poker you'll be the biggest drat fish in the ocean.

Your best bet is to put most of those baller-rear end big paychecks toward your debt and "responsible" investments like index funds. Set aside a bit every month, take it to the casino, put it on your favorite color, and let it ride until you get the "return" you want (and leave the credit/debit cards at home). You'll do about as well on the blow money, but at least most of it will go to something that is actually sustainable in the long run.

Space Gopher fucked around with this message at 12:35 on Jul 8, 2014

Adbot
ADBOT LOVES YOU

  • Locked thread