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I have 40 grand...spend it for me...please

A

andy

Starting XI
ShiftyPowers said:
You see, in a country where the people actually have faith that the currency won't be worthless tomorrow (unlike for example..... Argentina), you don't have to buy real estate if you want to keep you money.
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First of all, who asked you to comment on my statement? Second of all, there is no need to comment on the stability of the Argentine currency. Even if I the Argentine currency was stable, I would still invest my money on land, because I feel that it is a pretty secure investment. :kader:

Was that supposed to be an ironic joke? or a personal dig at my country? Because if you meant it in that manner, it was a really stupid one...I, for one, work in Real Estate in California, and I can tell you that putting money on property is a good investment to make (at least in California) because of the way that property values have gone up recently. People have been making easily 2 to 4 hundred thousand dollars in equity in the last couple of years by just letting their money sit in property. I was trying to give some honest and helpful advice to him, but you had to insert your moronic comment. :kader:

BTW: Who says that in Argentina we spend our money on property so that we can keep it? I for one have my money in the banks in Argentina and I now have more money that before, so maybe it would be wise if you do not comment on something that you are completely ignorant on...thanks.. ;)
 
ShiftyPowers

ShiftyPowers

Make America Great Again
andy said:
First of all, who asked you to comment on my statement? Second of all, there is no need to comment on the stability of the Argentine currency. Even if I the Argentine currency was stable, I would still invest my money on land, because I feel that it is a pretty secure investment. :kader:

Was that supposed to be an ironic joke? or a personal dig at my country? Because if you meant it in that manner, it was a really stupid one...I, for one, work in Real Estate in California, and I can tell you that putting money on property is a good investment to make (at least in California) because of the way that property values have gone up recently. People have been making easily 2 to 4 hundred thousand dollars in equity in the last couple of years by just letting their money sit in property. I was trying to give some honest and helpful advice to him, but you had to insert your moronic comment. :kader:

BTW: Who says that in Argentina we spend our money on property so that we can keep it? I for one have my money in the banks in Argentina and I now have more money that before, so maybe it would be wise if you do not comment on something that you are completely ignorant on...thanks.. ;)
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Who asked me to comment? Does anyone have to? It's a public forum big guy.

Yes it was a dig at Argentina, don't be such a woman about it.

2-4 hundred k in equity. Nice. So he can go 2 to 4 hundred thousand dollars in debt before he turns 20. Fantastic plan!!
 
A

AhmedK

Min
It is not so much that I want to keep my money safe, I would like to see some growth without major rick(possible?)
 
ShiftyPowers

ShiftyPowers

Make America Great Again
The S&P 500. 10% Growth is nice and it's as secure as you can get, especially with an interest rate like that. If you put 20k in it, you'd have almost 30k after 4 years in college. So your money would grow basically 50% just sitting in a fund if the S&P can stay strong (which it should over the next 4 years), and if it can stay strong for 10 years (much less likely) you could concievably increase your initial investment by 150%, but at the worst case scenario, I would say $20,000 in the S&P for 10 years would make you $16k above your initial investment.

These are all based on long term averages, not last year, but if you put 25k, you'd make 7k in four years and 20k in ten over your initial investment. If you put in 30k, you'd make 8k in four years and 25k in ten over your initial investment.
 
A

andy

Starting XI
AhmedK said:
It is not so much that I want to keep my money safe, I would like to see some growth without major rick(possible?)
Click to expand...

Well, the thing is that with property you always get a guaranteed monthly income, even though in the short-run you are paying for the mortgage of the home, in the long-run you have a monthly income...you don't have to take my advice, this is just what I would do regardless of the country where I invested my money in...Good Luck btw
 
A

andy

Starting XI
ShiftyPowers said:
Who asked me to comment? Does anyone have to? It's a public forum big guy.

Yes it was a dig at Argentina, don't be such a woman about it.

2-4 hundred k in equity. Nice. So he can go 2 to 4 hundred thousand dollars in debt before he turns 20. Fantastic plan!!
Click to expand...

EDIT: NEVERMIND
 
N

nird

Senior Squad
buy me a Gibson les paul standard and look it as an investment in my musical career, when I get famous and tour all over the world I will give you and autographed guitar back that will be worth hundreds of thousands of dollars. deal?
 
G

garlei

Senior Squad
save a little for yourself to buy you something practical. something you actually need to use. you don't have to go for a flashy car. If I were you I would buy something cheap but respectable, perhaps a solid second car in good shape, if you aren't really in

put aside a little money for family expenses. A way to thank you family for supporting you through the years.

consider putting aside a little money for charity. Find something you think is a worthy cause.

Invest everything else. Think of how much risk you want to take and invest accordingly.

I'm glad you have your first serious lot of money. Hope you'll see it multiply.

And lastly, put aside some for the soccergaming community. :ewan: :ewan:
Save garlei's wildlife. Invest in garlei's mutual fund. :)
 
B

bigp

Reserve Team
If you want risk free investment then buy Government bonds.

If you want to get a taste of investing then buy mutual funds. A portfolio of 25-30 funds is enough to diversify your portfolio. Diversifying your portfolio creates less risk when you invest.

And I'm pretty sure you get tax benefits when you invest (You do here in Canada).

If you're seriously interested in investing then you should really keep up to date with what's happening in the economy and do some research on the companies that you're investing in.
 
R

RUSI

El Merengue Argentino
Yeah, look for some municipal bonds like bigp said.

There is no intrest against you and and you will prefit immensley over time.

Put atleast some in muucipal bonds.
 
ShiftyPowers

ShiftyPowers

Make America Great Again
You can probably double your 40k (at the minimum) if you buy a few ki's in Miami and drive it to Upstate New York.
 
I

Internazionale

Elo Ratings
...or you could go to Indonesia with currently, the currency is around US$1=Rp 10.150

That's about Rp 400 million more if you convert the all money you have. Enough for 40 years to enjoy living without working at all. Rent an Apartment (alot here & cheap too). Food are so cheap around the street. You'll survive until you pass away, Ahmed.
 
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