Lets talk short term investing!

[svandamme]

If short term return on investment money was easy to find, i'm sure we'de all be millionaires by now.

[notfarnow]

back when I had a 9-5 job and had more "spare" time, I always watched local classifieds for things I could buy to resell. For 2-3 years, I made pretty good pocket money off used VW diesel engines. I'd buy a VW diesel for 3-500, drop the engine & transmission, and have the car hauled away the next day. Most engines yielded 800-1000 in parts, plus whatever I scored in radios, tires etc.

Agree with others who say focus buying & selling things you know & understand. That's where the $$ is. I have a friend who buys & sells used exercise equipment, does around 10k per year.

Another idea is to front the $$$ for a kilo of hash.

[Don Ro]

Originally Posted by Don Ro

Would it be legal to loan the money out & take a vehicle worth 2 -3 times as collateral?

No one knows if this would be legal or not?
I've considered it many times, but never poked the pickle.

[chocolatelab]

Stick to what you know.

You don"t know the stock market.

Maybe its something as small as 944 parts. Start scanning craigslist for a set or rims.

Hell buy and resell stuffed animals with big d***s.

Wasn't there a story out there about a kid who turned 50 bucks into a bunch of money trading things on craigslist.

The sweet thing about buying and selling parts and pieces is you don't have to deal with taxes.

Capital gains will kick your tail.

Leave the stock market for your 401k.

[RWebb]

re buying and selling parts and pieces is you don't have to deal with taxes.

legally, you do tho, don't you?

you're saying you are not likely to get caught

[porsche4life]

Capital gains is capital gains.... You should pay on it.....



As far as buying and selling.... Yes I know how to do it... No I don't have time time to do much...


Seems my question has been answered. There's nowhere to put my money that will allow me to get to it and draw more than 1%...

[KFC911]

Originally Posted by aigel

...Gambling on the stock market with single stocks isn't going to work either. You may as well go play blackjack or poker with it. Visit the "how high will it go" AAPL thread for reference.
...

I don't "gamble", but I've done pretty well in the stock market over 3 decades...I do believe Sid has seen the APPL thread. I was "out" of AAPL when that thread started (and had no interest in being "back in") 6 months ago, but have recently reestablished a small position. If I were a "gambler", I would have more than doubled my money on RIMM during the same time frame. That's not what I call "investing", but it can be done (with caution and risk).

Originally Posted by porsche4life

Capital gains is capital gains.... You should pay on it.....

....Seems my question has been answered. There's nowhere to put my money that will allow me to get to it and draw more than 1%...

Minimizing capital gains whether stocks or real estate is critical to accumulatimg wealth over the long haul. I don't normally recommend individual stocks, but imo buying 10 shares of APPL (at current price levels and after the recent correction) would not be a bad move. Thoough I do most everything in tax deferred accounts (and avoid cap gains altogether), try to hold for at least one year if you go this route. I've already gotten a 3% gain on my last acquisition just a few weeks ago and I do believe the "downside" is over...but WTH do I know ?

[GH85Carrera]

Originally Posted by porsche4life

Capital gains is capital gains.... You should pay on it.....



As far as buying and selling.... Yes I know how to do it... No I don't have time time to do much...


Seems my question has been answered. There's nowhere to put my money that will allow me to get to it and draw more than 1%, LEGALLY...

Fixed it for you.

The quick profit of drugs and prostitution and illegal activities does have that major downside of going to prison. I photographed the inside of a real prison for Time magazine many years ago. I KNEW I was going to be there for a short time and I had several guards protecting me. The sound of that big steel door clanging shut and the horrible smell of prison was enough to keep me on the straight and narrow forever. I am happy to report I have never ever been arrested, never handcuffed, and I plan on keeping it that way.

[VincentVega]

There's nowhere to put my money that will allow me to get to it and draw more than 1%...

If that's all you are looking for checkout Everbank. 1.25% intro rate for 6 mo. Need 5k to avoid fees. Peanuts but better than 1%.

[Aragorn]

Until the fed (US) rate climbs, bank rates will not get much beyond 1%.

You can make money in the market but you have to have it in there for a while. The days of anyone being a daytrader are over for the time being.

Put some of your disposable cash in a good Bank or Energy stock. Over the long haul it will do better than 1%.

[enzo1]

set up an E-trade account and buy .....AAPL

[Cajundaddy]

If I could invest in only 1 stock it would likely be BRK.B
Berkshire Hathaway Inc. New Com Stock Chart | BRK-B Interactive Chart - Yahoo! Finance

Long term growth and they are risk averse so I will not lose my tail. Warren gets it.

[pwd72s]

Originally Posted by Cajundaddy

If I could invest in only 1 stock it would likely be BRK.B
Berkshire Hathaway Inc. New Com Stock Chart | BRK-B Interactive Chart - Yahoo! Finance

Long term growth and they are risk averse so I will not lose my tail. Warren gets it.

So many holdings that buying Berkshire-Hathaway is akin to buying a mutual fund.
However, what's going to happen after Buffett dies? He's not exactly a young pup.

Short term? Sound like Sid has figured it out...not much he can do. Might as well just keep it in his checking account. Depends on the bank of course, but that amount may get him into a lower checking account fee structure?

[porsche4life]

Nope... USAA is fee free.... Will bump me into a higher rate on my total account however...