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Investments (Not just stocks)

Discussion in 'General' started by Robby-Bobby, Jan 17, 2022.

  1. Dan Dubeau

    Dan Dubeau Well-Known Member

    Here's your chance to offload a couple Himalayans for Rob to flip.....
     
    L8RSK8R and Ducati89 like this.
  2. Robby-Bobby

    Robby-Bobby Steeltoe’s Daddy

    Lol I know how to fix bikes with blown out cranks
     
  3. auminer

    auminer Renaissance Redneck

    Eff all that. If this is money you can set on fire and it won't seriously impact your year, buy a few hundred bucks worth of about 20 different small market cap NFT cryptos. If only one goes ballistic with a 100,000% return you'd have your six figures.
     
  4. Robby-Bobby

    Robby-Bobby Steeltoe’s Daddy

    What the fuck did you just say!!!???

    wtf is a NFT crypto?
     
  5. Dan Dubeau

    Dan Dubeau Well-Known Member

    Memes with certificates of authenticity :D.
     
  6. ChemGuy

    ChemGuy Harden The F%@# Up!

    Frozen. Concentrated. Orange. Juice. Futures.

    Buy all you can.


    My friend Billy Ray gave me a tip.
     
    tiggen, E Reed, cha0s#242 and 3 others like this.
  7. twodocs

    twodocs Well-Known Member

    Tulip bulbs are coming back.
     
    tiggen and YamahaRick like this.
  8. zertrider

    zertrider Waiting for snow. Or sun.

    Soooo, so here is another question. When is enough, enough?

    My wife and I have been pretty fortunate and my former business put us in a pretty good place financially. Is there point where you would pull your investments out and put them somewhere that they have virtually no chance of tanking? Even if they are just earning 1 or 2%?
     
  9. auminer

    auminer Renaissance Redneck

    I think that is the best definition of them I've ever heard.
     
  10. cortezmachine

    cortezmachine Banned

    plenty of people doing that. It’s just that you have to be ok with operating on the wrong side of the law :D
     
  11. Ducati89

    Ducati89 Ticketing Melka's dirtybike

    Vanguard is a great group. Their admiral and wellington fund has been great to me.
     
    MELK-MAN likes this.
  12. Montoya

    Montoya Well-Known Member

    Until your working capital is at a point that your bike flipping can’t scale to take advantage of it, you’ll be hard pressed to find a safe and reliable alternative to beat the ROI you’re earning from a business you know well. If you’re seeking more passive or diversified income streams, that’s a different story. If you’re just seeking to turn $10k into $100k within a year, you either need to meet some high school kids trading meme stocks or Stan down at the truck stop. Then again, I can’t give financial advice, I don’t understand crypto and got married.
     
    E Reed likes this.
  13. Robby-Bobby

    Robby-Bobby Steeltoe’s Daddy

    It took me multiple attempts to realize that jail wasn’t for me
     
    SoCal1000 and cortezmachine like this.
  14. Black46

    Black46 Well-Known Member

    Put 1-2 years of yearly budget is savings/checking.
    Put 2-10 years (based on your risk tolerance on low volatility investments (bonds, treasuries, etc.)
    Put the rest in stocks. As I recall there has never been a 10 year period where the stack market has declined
     
  15. auminer

    auminer Renaissance Redneck

    Has anyone suggested hookerz and blow yet?
     
  16. Paddy O

    Paddy O Well-Known Member

    Common "wisdom" is that stocks never go down in any 10 year period? How about DJIA from April 1966 to September 1982? You would have lost about 2/3 of your buying power with stocks. The problem is a 60 year old money manager with a 40 year career has never seen a real multi year bear market, so they must never happen, right? Older heads like Warren Buffet's partner Charlie Monger is talking about the coming lost decade for stocks for several reasons but mainly the huge population decline starting in western economies like Japan has seen. One old saying is that the crowd never makes money, they always get slaughtered, like NFT's the modern day tulip mania. I think the best investment idea on this thread by far is flipping bikes. I was doing that with cars until the used car market went insane. Wholesale auctions where I was buying only have over priced junk now so I want to hear more about how to do that with bikes!!
     
    Last edited: Jan 17, 2022
  17. TWF2

    TWF2 2 heads are better than 1

    Fuck all that, invest in yourself. Work till you drop dead and spend every penny you make :)
     
  18. SuddenBraking

    SuddenBraking The Iron Price

    Depends what the rest of my portfolio looks like and my need for the money from said investments coupled with my risk aversion. But generally, no - not sure why you'd want to earn 1-2% on something right now when inflation is running north of 5%.
     
  19. rd400racer

    rd400racer Well-Known Member

  20. SuddenBraking

    SuddenBraking The Iron Price

    rd400racer likes this.

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