Lets talk short term investing!

[porsche4life]

Ok guys... I'm coming into a few K, and I'm trying to figure out what to do with it. I've been wanting to buy a bike, and this won't be enough for that, but would be enough if I leave it alone and divert some over to it. So I'm trying to figure out where to invest it that will give me a decent return, but won't have my money tied up.


I've looked at lending club, but am I right in reading that everything there is 36, or 60 month?


Educate this young grasshopper. . So far the only investment I've got is some small money in the stock market that is pretty consistently gaining, but I feel that stock will peak soon.

[recycled sixtie]

If you want to invest short term then put the $$$ in a savings a/c. You get next to nothing in interest but in it but it is accessible. If you put it in the stock market short term then u are looking at the vagaries of the market. If you don't have the luxury of time namely longterm then don't torture yourself as emotions kick in......

[ckelly78z]

In this global economic climate with the volitile market reacting to any hiccup around the world, there is no safe, secure, and profitable investments that I am going to reccomend.

It is truly a crap shoot to pick a fund or stock that won't swing wildly up and down right now, but things are getting better.....at least until the next terrorist attack or natural disaster.

[Shaun @ Tru6]

65 to 73 911s

[porsche4life]

Shaun I *might* be able to buy a wheel for one of those... Talking sub 5k here...

[911_Dude]

What is "short term" to you? And how much risk are you willing to take. Two or three months with some option contracts could make some money. But if your talking low risk, that doesnt leave much if you want to actually grow some money. Just depends on what you are trying to do- preserve, grow, and for how long.

[porsche4life]

6 months to a year max. I'm open to some risk as this is money I'm not dependent on, and only found out today that I'd be getting.

[porsche4life]

I'd invest for shorter term if the return was good. I'm ok with playing around a little bit.

[fastfredracing]

I'd flip a car or two. You seem to have fairly strong mechanical background, and a place to do it. I've made a lot of money on the side in my life doing this.

[motion]

Flip a car or motorbike. Buy one and put some sweat equity into it. I'm not really interested in cars (haha), so here's a suggestion for a bike investment. RZ350s are hot right now. So are 1960s-70s-80s eurotrash bikes. There are tons of them stuck in the corners of garages around you. Find one under market and try to score a good deal. Hopefully something that needs some work. I've seen recent RZ350s for sale for 2500ish that need TLC. Good ones are going for 6000ish. So, there's an opportunity there to do some work, maybe a top end rebuild and a paintjob and gain a couple thousand $$$.

[motion]

FYI, I scored an original, 3000 mile, 2nd owner RZ350 two years ago in Kansas City for $3,200. I could get $6,000-$7,000 for it tomorrow.

[nota]

I think fred nailed it
do something you know well

stocks is a game
the players know it well

find your own game
never play the other guys game

[porsche4life]

Problem with flipping hard merchandise is lack of time at home near the shop. I travel lots, can keep an eye on things via web, but hard to spin wrenches or merch right now. My dad is always flipping tools, trucks, etc. I know that game well, it just doesn't fit into my lifestyle.

[Shaun @ Tru6]

Originally Posted by porsche4life

Shaun I *might* be able to buy a wheel for one of those... Talking sub 5k here...

But you are in a part of country where early local 911s are still cheap I'm guessing. I've kept the addiction going strong by finding cars, sometimes just parts, keeping what I need, selling the rest. best so far was turning a $2K 73 into $11K. hard work, but fun too.

[porsche4life]

Shaun around here people hear pooorsche and they thinks its worth 100k... There's an idiot wanting 2500 for a ratty 44 with a shelled tranny...

Hell my aunt got 3800 for a 64 bug that barely ran, and needed pretty much everything done...

[GH85Carrera]

Old bugs are worth more than a 944 that does not run.

With interest rates in the stupid low range there is not much to do except keep it safe in a saving account. Some pay as little as .05%.

[Hugh R]

Do a search on Certificates of Deposit, some are paying up to .9% for six months deposits. So with $5,000 in six months, you'll make $45.


Buy cigars in a low tobacco tax state and "import" them to a higher tax state. Individual cigars don't have tax stamps, like packs of cigs.

[74-911]

Short term investment - with a good return - with ready availability of your funds ?

Those are pretty much mutually exclusive these days. For absolute safety and ready availability your best bet is a credit union money market fund. The credit union I use for my ready cash funds is currently paying 1% on money market accounts. A good return? No, but about as good as you can get these days given your criteria.

[Cajundaddy]

Originally Posted by 74-911

Short term investment - with a good return - with ready availability of your funds ?

Those are pretty much mutually exclusive these days. For absolute safety and ready availability your best bet is a credit union money market fund. The credit union I use for my ready cash funds is currently paying 1% on money market accounts. A good return? No, but about as good as you can get these days given your criteria.

+1
Going short term in the stock market is called speculation, not investing. Most new players who don't know the game lose big. If you are willing to walk away from all or most of your principle there are some very high risk options that "might" work with determination and nerves of steel.

A nearly sure thing is buying something you know well at below market value, fixing and cleaning it up, and reselling at a solid profit.

[GH85Carrera]

With your pharm background brewing up some meth can bring a fast profit.