Keep an eye on craigslist for bargains you must see them first and snatch them up quick. then relist and sit on it for a little longer than the 15 minutes the original sell had it for and make money.
Armslist and other places the same.
Sometimes you must wait for the bargain and just sit on the money.
That is the short term answer.. long term answer is if you ever plan on paying off your house if you do have a house payment then stick that money on principal.
I paid off all my houses in less than 5 years by taking every bit of money I had and stuck it on principal.
56,000 borrowed against my current dwelling as I had a lot of cah to put down.
6% interest first year and 7.5 the next year 15 year note.
I paid it off in 25 months.. yes 25 payments they only got 2500 off of me in interest.
Armslist and other places the same.
Sometimes you must wait for the bargain and just sit on the money.
That is the short term answer.. long term answer is if you ever plan on paying off your house if you do have a house payment then stick that money on principal.
I paid off all my houses in less than 5 years by taking every bit of money I had and stuck it on principal.
56,000 borrowed against my current dwelling as I had a lot of cah to put down.
6% interest first year and 7.5 the next year 15 year note.
I paid it off in 25 months.. yes 25 payments they only got 2500 off of me in interest.
For me.... I've got a wife that loves dogs. For the last several years we had a pair of Aussies that would bring in 4-5k a year. A few years ago I decided to buy a Great Dane female pup strictly to lay around the yard. Well when she hit 18mos my wife bought a 2yo male from a girl that couldn't have him in an apartment. Anyhow, the pair cost $1750. Had 1 1/2 years of raising female. Spring 2017 pups brought $8900 and Christmas 2017 pups brought $3100 and approximately $3k worth of guns. I can't tell you what the dog food bill is but it's a bunch. But, I bet its tough to find a better return on investment with such little money up front. However, if my wife wasn't so fond of dogs and doin the pictures and advertisements, I probably wouldn't do it.
Honestly pretty surprised about the lack of "standard" financial investing advice. OP, to better answer how you should invest, the members viewing this thread need some more information like, how long can you keep this money tied up? 1 year? 5 years? 20+ years? What is your risk tolerance--strongly conservative (hate losing money, would rather make small gains) or more willing to take on risks for greater rewards? Your age and current financial position should influence your risk tolerance.
Silver? It's around $17/oz now.
$1000. "Invest" in something you know. Trailers? I see them for $200-500 and if I spend $100 on repairs plus time, double the investment. I have done 2. Small engines?
The object is to grow the base amount to a point where the profits run and the base can be deployed elsewhere.
Other things I have done are Jeeps & Pickups. I have a friend who garage sales then ebays. Makes a damn fine living.
Turn $1000 into $1100 in 2 months. Then $1100 into $1250. In a year you can double with some effort. Beats the stawk market on small stuff that is managable.
If you want to buy something and forget about it, silver it is. The most unloved investment today. 50/52 ounces. Watch the silver to gold ratio. Today it is near 78. It will range down toward 50, trade for gold. Ratio moves back up, trade back for silver. I know a guy who has significantly increased his holdings by just trading back and forth on the G/S ratio.
Since 1999, 5 trades could have been made. 20 points each turn. Price is irrelevant when doing this which makes it much easier.
1999 purchase 1 oz gold $250. 2001 trade for 75 oz silver. 2007 trade silver for 1.35 oz of gold.
2009 trade 1.35 gold for 100 silver. 2011 silver to 1.8 oz gold.
2016 1.8 gold to 135 oz silver. Now wait for the turn back to G/S 50.
Initial investment 1 oz gold $250. Today 135 oz silver x $17=$2295.
9.18x return on initial investment in 19 years.
The object is to grow the base amount to a point where the profits run and the base can be deployed elsewhere.
Other things I have done are Jeeps & Pickups. I have a friend who garage sales then ebays. Makes a damn fine living.
Turn $1000 into $1100 in 2 months. Then $1100 into $1250. In a year you can double with some effort. Beats the stawk market on small stuff that is managable.
If you want to buy something and forget about it, silver it is. The most unloved investment today. 50/52 ounces. Watch the silver to gold ratio. Today it is near 78. It will range down toward 50, trade for gold. Ratio moves back up, trade back for silver. I know a guy who has significantly increased his holdings by just trading back and forth on the G/S ratio.
Since 1999, 5 trades could have been made. 20 points each turn. Price is irrelevant when doing this which makes it much easier.
1999 purchase 1 oz gold $250. 2001 trade for 75 oz silver. 2007 trade silver for 1.35 oz of gold.
2009 trade 1.35 gold for 100 silver. 2011 silver to 1.8 oz gold.
2016 1.8 gold to 135 oz silver. Now wait for the turn back to G/S 50.
Initial investment 1 oz gold $250. Today 135 oz silver x $17=$2295.
9.18x return on initial investment in 19 years.
Maybe I'm just ignorant bout investing but I haven't seen any of these "standard investments" like gold, silver or market driven stuff that would convince me to play with $1k. The return ain't much compared to other ways I can make money. But, I'm a pretty hands on guy that can buy broke crap, fix it and sell good stuff. Or trade on horses cattle or dogs. I've got some family who are really cuttin a fat hog in the market right now but it's big money that's been there a long time. Now that being said, I do think my wife is gonna play with a few thousand with the help of my FIL that has been trading Forex (some kind of currency value deal), he seems to do quite well I guess but I'm not into charts graphs and number stuff.
Good luck to the OP and right or wrong I think it's good your gonna do something with your money. I hate lazy money sitting around. Even if I lose it.....well.....someone else got it so that's good for the economy as far as I can tell.
Good luck to the OP and right or wrong I think it's good your gonna do something with your money. I hate lazy money sitting around. Even if I lose it.....well.....someone else got it so that's good for the economy as far as I can tell.
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