If somebody gave you $5,000. with the condition that it all had to be invested in anything you choose, and after say, 10 years, you could keep all of it, but if you didn't invest it in 30 days you had to give it back, what would you do?
ooby_dooby: If somebody gave you $5,000. with the condition that it all had to be invested in anything you choose, and after say, 10 years, you could keep all of it, but if you didn't invest it in 30 days you had to give it back, what would you do?
I would find an financial investment advisor and have them guide me as to what choices are available and invest or their advice.
ooby_dooby: If somebody gave you $5,000. with the condition that it all had to be invested in anything you choose, and after say, 10 years, you could keep all of it, but if you didn't invest it in 30 days you had to give it back, what would you do?
I would set up a Financial investment advice company complete with some serious "eye candy " . Do my best to convince you that you need to be onboard with another 50 thousand . All this while helping people with their investments . Charging a small fee , say 10 % , then simply poking the dow in the bank while building a pool from which to pay out the churn . You need an "edge" to , like sponsoring a school . Ponzi Investments Acme . Safe as putting it in the bank . My company moto .
little matter that's what it is of no matter . Its actually safer than a lot of investments .
1April: I would find an financial investment advisor and have them guide me as to what choices are available and invest or their advice.
That would probably be the safest approach for anyone who has no experience in these matters but I was hoping to hear YOUR ideas. If you had to decide what would you do, buy gold, stock in some company like Apple or Facebook, put it in a money market or savings acct etc?
ooby_dooby: That would probably be the safest approach for anyone who has no experience in these matters but I was hoping to hear YOUR ideas. If you had to decide what would you do, buy gold, stock in some company like Apple or Facebook, put it in a money market or savings acct etc?
OK Ooby, than I would invest it in a CD, but shop around different banks, so you have an idea of the percentages.
Good Luck! I don't have much experience in the stock market or any other types of investments. Years ago I had a CD that had a 3.25%, but it needed to stay in there for 60 months, until I could cash it out.
ooby_dooby: If somebody gave you $5,000. with the condition that it all had to be invested in anything you choose, and after say, 10 years, you could keep all of it, but if you didn't invest it in 30 days you had to give it back, what would you do?
I picked Lithium for Car batteries and stuff. What would you pick ooby?
I would buy lego and toys from anything that is hyping or was hyping. Maybe the Lego-Simpsons kit. or whatever.
Did you know there are pokemon cards of 30.000 euro? and the lego death star is about 500euro by now. I've even seen a viewmaster that is more then 200 euro by now.
chatonlyman2: I picked Lithium for Car batteries and stuff. What would you pick ooby?
Well, I'm a little sceptical about electric vehicles for a few reasons. For starters I don't like the idea of having to drag around a very heavy, expensive battery, I don't like the range you can go on a charge and I don't like how long it takes to charge up. I think the low oil prices wont stay around forever therefore I would invest in something related to oil because oil will go up but nobody knows when.
tomcatwarneOcean City, Plumouth, Devon, England UK17,106 posts
ooby_dooby: If somebody gave you $5,000. with the condition that it all had to be invested in anything you choose, and after say, 10 years, you could keep all of it, but if you didn't invest it in 30 days you had to give it back, what would you do?
I've had so many scams directed at mt which propose something similar, it wasn't you was it?
1April: OK Ooby, than I would invest it in a CD, but shop around different banks, so you have an idea of the percentages.
Good Luck! I don't have much experience in the stock market or any other types of investments. Years ago I had a CD that had a 3.25%, but it needed to stay in there for 60 months, until I could cash it out.
CD's have been crap for many years. Low interest rates make them a weak investment. The best time in buy a CD is when rates have peaked or are falling. When rates are stable or show signs of going up like now, steer clear of a CD. The danger is locking yourself into a low rate for a long time.
Realistically, 5 grand is not a very large sum of money. If one did really well in the regular ways of investing, you might turn that into 20 grand in 10 years. About a third of the cost of a car.
I'd choose a junior iron ore miner with good tenements, or buy into a small alluvial gold operation on the Palmer river.
pat8lanips: Realistically, 5 grand is not a very large sum of money. If one did really well in the regular ways of investing, you might turn that into 20 grand in 10 years. About a third of the cost of a car.
I'd choose a junior iron ore miner with good tenements, or buy into a small alluvial gold operation on the Palmer river.
The sum is not the main factor. I was trying to keep it realistic. I could have said 5 million and would have gotten a bunch of off the wall suggestions. 5 grand is a lot of money to a lot of people and it's enough to start with.
I'm not familiar with the usage of the word "tenement". My understanding of the word refers to low income living quarters.
I assume the Palmer river is near where you're at in OZ?
Yes Palmer river is a gold rich area a few hours drive away. People still fossick and mine there, not large scale mining.
We have a different system here with mining. The land owner does not own the minerals below it, "blocks" are leased from the government to undertake exploration or mining. A mining companies tenements are the blocks they have leased or "pegged". A junior miner with good tenements will be a takeover target by the big miners when the price of ore picks up (presently at historic lows).
pat8lanips: Yes Palmer river is a gold rich area a few hours drive away. People still fossick and mine there, not large scale mining.
We have a different system here with mining. The land owner does not own the minerals below it, "blocks" are leased from the government to undertake exploration or mining. A mining companies tenements are the blocks they have leased or "pegged". A junior miner with good tenements will be a takeover target by the big miners when the price of ore picks up (presently at historic lows).
Aaaah I see. I think you can pin low prices on flooding the market by China. Steel producers in the US are feeling the impact of dumping from China as well. Low crude prices are also hurting steel producers who make the pipes used in drilling, ie reduced drilling = reduced demand for pipe.
ooby_dooby: Aaaah I see. I think you can pin low prices on flooding the market by China. Steel producers in the US are feeling the impact of dumping from China as well. Low crude prices are also hurting steel producers who make the pipes used in drilling, ie reduced drilling = reduced demand for pipe.
Yes China has flooded world markets with steel, on the back of their domestic demand falling. They've also been adding things like cadmium to get around some import regulations, thats about to be stopped. Coal is the other main ingredient of steel, also down. Brazil has low production costs, but that could change after that tailings dam collapse. So there's a few factors that could push it up again, but exactly when that will happen is anybodies guess.
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