Post: #26

(07-26-2017 03:08 PM)goodington Wrote:  I'm most interested in niche side businesses that require a moderate capital investment and low time commitment.

I thought your post was a little silly when reading the OP, but it's gotten ridiculous after you've shot down pretty much everyone's suggestions of travel, fashion, crypto, etc. Essentially, what you're asking for is the secret to taking a very small amount of upfront capital, not work very hard at it and stack cash. Keep on dreaming if you think anyone - especially strangers on the Internet - are going to give you the keys to a unicorn business like that.

In all likelihood, even if you found some sort of side business that only required $10k, it'd probably take time and revenue away from your 9-5 or your other small business that's pulling in decent cash. Want something passive? Stick it in an energy MLP or a solid REIT like OHI which is yielding 8%+. Reinvest all dividends and in 10 years, you'll see your share count at least double with whatever capital gains come along in the process.

Post: #27

(07-26-2017 04:20 PM)goodington Wrote:  A great idea, but I actually purchased a pimp blue suit and swanky brown shoes earlier this season. I could use a few custom shirts to complete the ensemble, but those aren't enough to make a dent in my finances.

Ideally I'd like something that could start small and have the potential to grow indefinitely over time. I find that most decent business opportunities either have substantial capital requirements or the full-time attention of the owner, which doesn't work for me or most forum members. $10K is a reasonable savings goal for an average person though.

Was the suit bespoke, custom, or off-the-shelf? Just wondering.

Post: #28

(07-26-2017 09:36 PM)BostonBMW Wrote:  

(07-26-2017 04:39 PM)LINUX Wrote:  A few months ago I saved up 10,000; I rented a car and took a hot Colombian girl on a road trip through Europe, stopping at every nude beach in Portugal, Spain, and France, while also fucking 6 times a day in caves, beaches, waterfalls, and the side of the road when there was a place to stop. It was like a softcore porno fling that lasted 3 months. I wouldn't trade that memory for the world.

You can always buy shoes, suits, cars; but you can't buy time . Use that 10k to make memories before it's too late. Material things will never make you truly happy, not like spending time with a beautiful woman and experiencing pure and utter freedom. Go stand naked with you arms stretched out while starring into the waves and abyss of the Atlantic ocean while a hot Latina girl stands behind you rubbing your back with her long hair blowing in the wind, then you'll know the purpose of this life and why you are here.

That $10,000 can change your life. Or you could just buy a suit that'll eventually be sold for $2 at your estate sale when you die.

So how did you wrangle this situation without giving off the provider vibe? Assuming that you paid for the trip for her. Or was this an (extended) pump and dump?

Back to the topic, I would do recommend the following:

1. Either invest in Cryptos, if you have higher tolerance for risk. Crytos like BTC, ETH are going to do well in the future despite the shorter term turbulence.
2. Buy a USD $50K single family house in the U.S. by putting 20% down. Rustbelt states like Michigan, Ohio and Indiana offer many opportunities to buy houses in solid neighborhoods. You can rent the house using a reputable property manager and collect a profit.

In the film Looper, invest in China!

Post: #29

I agree, the best money that I have ever spent was on experiences. Things like cars/electronics/clothes do not make me happy almost as soon as I bought them.

Post: #30

(07-27-2017 11:12 AM)booshala Wrote:  

(07-26-2017 03:08 PM)goodington Wrote:  I'm most interested in niche side businesses that require a moderate capital investment and low time commitment.

I thought your post was a little silly when reading the OP, but it's gotten ridiculous after you've shot down pretty much everyone's suggestions of travel, fashion, crypto, etc. Essentially, what you're asking for is the secret to taking a very small amount of upfront capital, not work very hard at it and stack cash. Keep on dreaming if you think anyone - especially strangers on the Internet - are going to give you the keys to a unicorn business like that.

In all likelihood, even if you found some sort of side business that only required $10k, it'd probably take time and revenue away from your 9-5 or your other small business that's pulling in decent cash. Want something passive? Stick it in an energy MLP or a solid REIT like OHI which is yielding 8%+. Reinvest all dividends and in 10 years, you'll see your share count at least double with whatever capital gains come along in the process.

I certainly didn't shoot down everything, or at least didn't want to imply that I was; trading crypto and buying an existing website seem like potentially good ideas that warrant further investigation, as does some sort of online shopping business if I can identify an underserved market. I'm willing to take a chance on something high risk in weird niche that could benefit from being managed by a guy like me with good business acumen. In many industries there's room for many small fish, so we're not necessarily competing against each other by sharing info.

My side business is basically a small, unscalable unicorn, but anyone could do it themselves. I'm just not disclosing it to help protect my identity.

The suit was off the rack, although I had to get the pants let out slightly so they would fit just right. No name brand, slim fit.

Post: #31

First and foremost I would put 100% of it towards whatever debt I have.

Post: #32

(07-26-2017 04:39 PM)LINUX Wrote:  You can always buy shoes, suits, cars; but you can't buy time . Use that 10k to make memories before it's too late. Material things will never make you truly happy, not like spending time with a beautiful woman and experiencing pure and utter freedom. Go stand naked with you arms stretched out while starring into the waves and abyss of the Atlantic ocean while a hot Latina girl stands behind you rubbing your back with her long hair blowing in the wind, then you'll know the purpose of this life and why you are here.

Bang on the money. Boom.

Guys, always go for experiences over material things.

Linux is wise, and has worked that out. These moments are truely what life is all about.

Fuck buying a watch, gadget or suit for that coin, grab those life moments.

Tried to rep Linux, but of course I already had a long time ago.

Post: #33

In the OP, you never really clarify exactly whether this $10k is basically your entire bank account savings, or whether you just had an additional $10k windfall that you're now willing to spend entirely.

If it is indeed simply the amount you have in your savings account, I need to stress this - $10k is NOT a lot of money. Assuming you don't live like a priest, it is not even close to a year of life expenses, probably less than 6 months. You mentioned you have kids. That makes this doubly so, since if things suddenly go south at your job or business, you have zero safety net not only for yourself but also for your children. I'd be terrified in that position

Trading crypto and starting another side business can both be great ways to make more money, but they have risk associated with them. Risk-free trades and risk-free businesses do not exist. That is a fact. If you have a family, it is extremely unwise to throw your entire savings account on a venture like that.

It's your call, but if you don't have more of a cushion than $10k, I would keep the money invested in safe ETFs and some in cash. If you do have a bigger cushion, then there's a lot of great advice already in the thread.

Post: #34

I would either hold it in reserve for a drop in stock valuations or invest into a business of your own.

Post: #35

(07-27-2017 09:04 PM)RDF Wrote:  In the OP, you never really clarify exactly whether this $10k is basically your entire bank account savings, or whether you just had an additional $10k windfall that you're now willing to spend entirely.

In my case it's a windfall, or more accurately a portion of general savings built up over time. We have about $60K in various investments and cash that could be liquidated in case of job loss or an emergency. My inclination was to simply plow most of the cash into the stock market (ETFs) but having a slightly larger brokerage account isn't all that satisfying, and with current valuations it's not necessarily a good way to make outsized profits either. Hence why I made the original post!

Post: #36

(07-27-2017 04:00 PM)goodington Wrote:  

(07-27-2017 11:12 AM)booshala Wrote:  

(07-26-2017 03:08 PM)goodington Wrote:  I'm most interested in niche side businesses that require a moderate capital investment and low time commitment.

I thought your post was a little silly when reading the OP, but it's gotten ridiculous after you've shot down pretty much everyone's suggestions of travel, fashion, crypto, etc. Essentially, what you're asking for is the secret to taking a very small amount of upfront capital, not work very hard at it and stack cash. Keep on dreaming if you think anyone - especially strangers on the Internet - are going to give you the keys to a unicorn business like that.

In all likelihood, even if you found some sort of side business that only required $10k, it'd probably take time and revenue away from your 9-5 or your other small business that's pulling in decent cash. Want something passive? Stick it in an energy MLP or a solid REIT like OHI which is yielding 8%+. Reinvest all dividends and in 10 years, you'll see your share count at least double with whatever capital gains come along in the process.

I certainly didn't shoot down everything, or at least didn't want to imply that I was; trading crypto and buying an existing website seem like potentially good ideas that warrant further investigation, as does some sort of online shopping business if I can identify an underserved market. I'm willing to take a chance on something high risk in weird niche that could benefit from being managed by a guy like me with good business acumen. In many industries there's room for many small fish, so we're not necessarily competing against each other by sharing info.

He said, "...pretty much everyone's suggestions." And that included suggestions that would add value to the lives of your family. You didn't even mention booshala's other suggestions, which while not exciting, are good investments for their future value.


According to your answers - You've done all the traveling with all the hotties, and are already making all the investments you need, and have every physical object that you that you could desire. That's a lifestyle that many would kill for. Congratulations.

Perhaps you should consider charity. Choose 5 local charities, food banks, children's homes, or abused animal shelters, and give them each $2k. That money that you're will to toss away on a website selling fidgit spinners or some shit, will be vastly more appreciated and better used by properly run charitable organizations. (And you even get a tax break if they are 501s)

But in line with your other responses, I'm guessing that you already give 20% of your income to charities.

You know $10K will buy a lot of powerball tickets!

Post: #37

(07-28-2017 02:01 PM)Baphomet Wrote:  

(07-27-2017 04:00 PM)goodington Wrote:  

(07-27-2017 11:12 AM)booshala Wrote:  

(07-26-2017 03:08 PM)goodington Wrote:  I'm most interested in niche side businesses that require a moderate capital investment and low time commitment.

I thought your post was a little silly when reading the OP, but it's gotten ridiculous after you've shot down pretty much everyone's suggestions of travel, fashion, crypto, etc. Essentially, what you're asking for is the secret to taking a very small amount of upfront capital, not work very hard at it and stack cash. Keep on dreaming if you think anyone - especially strangers on the Internet - are going to give you the keys to a unicorn business like that.

In all likelihood, even if you found some sort of side business that only required $10k, it'd probably take time and revenue away from your 9-5 or your other small business that's pulling in decent cash. Want something passive? Stick it in an energy MLP or a solid REIT like OHI which is yielding 8%+. Reinvest all dividends and in 10 years, you'll see your share count at least double with whatever capital gains come along in the process.

I certainly didn't shoot down everything, or at least didn't want to imply that I was; trading crypto and buying an existing website seem like potentially good ideas that warrant further investigation, as does some sort of online shopping business if I can identify an underserved market. I'm willing to take a chance on something high risk in weird niche that could benefit from being managed by a guy like me with good business acumen. In many industries there's room for many small fish, so we're not necessarily competing against each other by sharing info.

He said, "...pretty much everyone's suggestions." And that included suggestions that would add value to the lives of your family. You didn't even mention booshala's other suggestions, which while not exciting, are good investments for their future value.


According to your answers - You've done all the traveling with all the hotties, and are already making all the investments you need, and have every physical object that you that you could desire. That's a lifestyle that many would kill for. Congratulations.

Perhaps you should consider charity. Choose 5 local charities, food banks, children's homes, or abused animal shelters, and give them each $2k. That money that you're will to toss away on a website selling fidgit spinners or some shit, will be vastly more appreciated and better used by properly run charitable organizations. (And you even get a tax break if they are 501s)

But in line with your other responses, I'm guessing that you already give 20% of your income to charities.

You know $10K will buy a lot of powerball tickets!

Or buy $10k of bubblegum and pass it out to the homeless so even after they chew it, they're still hungry. (Paraphrasing Rabbi Chappelle)

Post: #38

OP here's a serious answer. I would use the 10k and buy shares of BP, Shell (RDS.B) and Oxy. BP and Shell yield 7% dividends and Oxy is 5%. These are some of the biggest and most stable oil companies in the world, and their stock price will go up with the price of oil. You can cash the fat dividend checks while waiting for the price of oil to go up. Their stocks are super cheap right now compared to their all time highs.

Or you can go riskier and put some money into AMZA (MLP ETF). Dividend is around 20%.

I have money in all of the stocks listed above and have been happy with the results so far. Oil is a necessary commodity and isn't going away anytime soon. Oil prices have been at historic lows for years and in my opinion will only go up from here. There's not much else you can do with that 10k that will get you rich since it's not a large sum of money.

Post: #39

Take it to the casino and bet it all on the banker.

Post: #40

Spend on paid traffic and try to achieve 50-100% ROI over a week or two. Either from ecom or affiliate offers.

Post: #41

Best use would be something similar to what LINUX mentioned.

But if you want to use it to make more money, the paid traffic way is good, considering you have experience in that area and have a product. Or just throw it all in crypto, or just put it all on black. Basically the same thing. All three methods give you the opportunity to double it. Before you do anything of these three think of it as already gone so whatever happens you are prepared for.

Post: #42

Bet it all on Floyd Mayweather vs Conor McGregor. Bet 10k on Floyd in order win $1,666.67 at -600. That's about a 16.7 percent return in a few minutes.

Post: #43

^^ Actually, I think this is the best move, if you aren't going to go on an epic road trip with a Colombiana. I'm doing this myself. Should be easy money.

Post: #44

(07-29-2017 06:19 PM)PrimeTime32 Wrote:  Bet it all on Floyd Mayweather vs Conor McGregor. Bet 10k on Floyd in order win $1,666.67 at -600. That's about a 16.7 percent return in a few minutes.

One of the bonuses of being Canadians.

US citizen are forced to pay (25-28%) taxes on winnings. After driving to Vegas, paying accommodations, driving back, food, gas, it's hardly worth it if you want to do it the legal way.

Post: #45

(07-27-2017 09:33 AM)Australia Sucks Wrote:  Castle Rustler in regards to what you no doubt sarcastically wrote about Venezuela, assuming you don't get shot or stabbed or kidnapped (decent chance of these things happening) you will definitely return from Venezuela with the possibly the best memories you would ever have.

What nigga? You think I'm joking? I'm absolutely fucking not. I'm being 100% serious about this.

You won't get stabbed or shot if you stay inside your crib and vet the girls. It's not that bad from I've heard from them, just don't be dumb. They're really nice and fucking hot.

Quit being a poosy.

Post: #46

(07-29-2017 06:19 PM)PrimeTime32 Wrote:  Bet it all on Floyd Mayweather vs Conor McGregor. Bet 10k on Floyd in order win $1,666.67 at -600. That's about a 16.7 percent return in a few minutes.

The chances of the fight being rigged/fixed are higher than McGregor winning fairly. I would be apprehensive about betting what I couldn't afford to lose.

Post: #47

I would invest in 4 bitcoints. With CN and other countries investing they could possible double and triple this amount in just 1 year.

Post: #48

Buy four bitcoin right now and you will get four bitcoin cash if all done before August 1 and on the right exchange. It's free money, but risk is involved. However I think the odds are good and it could net you a tidy sum in the near to medium future.