EPT
Do you make money out of money?
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Deleted User 61629
1664 Posts
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matthewfoulkes
United Kingdom246 Posts
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HeavOnEarth
United States7087 Posts
I have tried poker though, it's more like- i can grind low stakes for half minimum wage than it is investing your money by playing percentages  (AKA i am super tilt-monkey) | ||
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ToyotaDemon
Australia150 Posts
Any investment is a risk, but having said that, you make a judgement on that risk by carefully planning and considering all the possible outcomes etc. As matthewfoulkes has said, your living costs shouldnt take up all your income. A general rule, is before you decide to do anything, you must have enough money to dig yourself out of your own hole if things go bad. Ive spoken to people that have opened up shops/own businesses but were actually losing money, had to sell their shop and still have a huge debt to repay because they were a bit too hasty in setting up their own business. Anyways best of luck in this new endeavor, the first time is always exciting/scary but you'll learn the tricks of the trade after some experience and you'll be able to make it work for you. I myself haven't engaged in investing right now (because im a poor student :<) but I have worked and learned from mistakes and my dad who has worked his own businesses for over 20 years. Listen to your parents too xP they will have made good and bad decisions with their money and can advise on what to do. = ] Good luck! | ||
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Saechiis
Netherlands4989 Posts
Or just spend it, live is too short to just worry about making more money, it's no use to you when your dead, neither will it be much use when you're a senior who doesn't feel like doing anything but sitting around. Travel, enjoy life now you can  | ||
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Badjas
Netherlands2038 Posts
Also, buying a house, even with taking a mortgage, can be seen as an investment itself. Buy a house that is cheap based on appearance but in a good location with a good future and you have the chance of some big returns. Flipping perhaps even if you have that much cash, but as always the risks are there as well. Other idea is to invest in your life experiences. See the world while you have no mortgage or dependents and plenty of backup cash. | ||
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ToyotaDemon
Australia150 Posts
Life really is too short to just put all your savings into investing and such, go out there and enjoy yourself. Live your life without regrets ;D | ||
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Sadistx
Zimbabwe5568 Posts
2.) Forex/Market trading - I've done some research and came to conclusion it's mostly like a pyramid scam where only the very top 0.1-0.05% make some money. That's wrong, you should do your research better. | ||
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Barnzy
United Kingdom57 Posts
have a looksy here, i think thats the best bet for a man like your self to get started on! http://www.schwab.co.uk/public/schwab-uk-en/investment_choices/fixed_income?cmsid=P-3243178&lvl1=investment_choices&lvl2=fixed_income | ||
thedeadhaji
39489 Posts
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thedeadhaji
39489 Posts
ex: stocks and bonds, commercial real estate, money lending (><), etcetc | ||
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TunaFishyMe
Canada150 Posts
I started investing at like 18 or so with GICs. They used to be somewhat better (4-5%). Now its pretty crappy. I started equity 2 years ago. I've made about 10% on my investment but its not easy. I've been down 10% before too. TBH, I think your mentality is right. Don't do somethign you don't know about. If I were you, Id stick with GICs or something until you gain more knowledge maybe through a paper account and then put real money in. | ||
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Simplistik
1891 Posts
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NuKedUFirst
Canada3139 Posts
You are sure to make money. Edit: http://www.google.ca/finance?client=ob&q=NASDAQ:ATVI Or win the lottery 4 times like the old lady from texas did. | ||
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T0fuuu
Australia2275 Posts
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Spiffeh
United States830 Posts
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QuoC
United States724 Posts
Purchase a 100-dollar savings bond for half price ($50) wait 10-20 years for it to mature, then after those years, you'll have made a nice investment and you can thank urself later! lol i might do that | ||
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geometryb
United States1249 Posts
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CaucasianAsian
Korea (South)11567 Posts
I have used this forum when i was interested in investing, or if i'm bored and interested in what's going on in the business world. | ||
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TossFloss
Canada606 Posts
Felix Denis came from a poor family, never went to college. And what is he best known for? Maxim magazine. Duncan Bannatyne never made it to college, joined the navy and was dishonorable discharged. He then started a business with an ice cream truck. Oh yeah he has millions of money now. I could go on... | ||
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