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Community Forums › News and General Discussions Forum › Money and Finance Forum › What do you invest in?

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What do you invest in?
Advice on what to do with all the money you made on your last contract besides investing in Pork Bellys and oranges. Also discuss Taxes, Investments, IRAs, Starting Your Own Company and Financial Q&A
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Grace
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Joined: Aug 25, 2006
Posts: 38
Location: Virginia
PostPosted: Mon Aug 27, 2007 11:20 am
Post subject: Re: What do you invest in?

I have a paypal moneymarket account earning 5%. We have a savings bond that earning some interest. I want to kick it up to a Money Market, but the minimums are too high. I keep adding to it. I think gold is a great investment, and if I had the money, I'd put it in buying some gold with.

You mean you guys have money left over after payday! Smile

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kickadog
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Joined: Apr 26, 2008
Posts: 31
Location: South Africa
PostPosted: Thu May 08, 2008 3:19 am
Post subject: Re: What do you invest in?

Buy a house in Cape Town South Africa, We are currently in a huge Buyers Market and houses can be found for a steal on insolvency auctions. So if you have the cash and a month of leave from your exciting job in the sand come on down... we have the Soccer World Cup coming up in 2010 and prices should boost by up to 50% if you buy right now...AND you have a rental income from your unit while you wait!!....

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Grace
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Joined: Aug 25, 2006
Posts: 38
Location: Virginia
PostPosted: Thu May 08, 2008 9:35 am
Post subject: Re: What do you invest in?

That sounds like a great idea to invest in real estate in Cape Town. In the U.S. the real estate market has been low. Foreclosures are up and banks are slow on lending money. It's all attitude and it's either making money or losing it. Glad to hear about your success and I wish you all the best. Very Happy

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PostPosted: Fri May 09, 2008 12:21 pm
Post subject: Re: What do you invest in?

Just a passing thought, but during my overseas travels I picked up alot of foreign currency here and there and started to make it a point to get an extra hundred or so Euros at the airports. I was downsizing my collection of junk and took the Euros to the airport kiosk ( I was in the neighborhood) and made nearly 700 bucks just taking them to the window. Figure out a way to do that on a larger scale and you could probably make some serious money.

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SAMMUEL
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Joined: Nov 01, 2005
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Location: San Diego Ca, / Baja Ca,Mexico
PostPosted: Wed May 14, 2008 12:57 pm
Post subject: Re: What do you invest in?

I just started to look into silver bars. I started buying about a month ago at a local coin shop. All the reports I have looked into say that it is the "poor mans gold". You have to make sure you pick up bars or rounds that are stamped with "one troy once and are 999.9 pure". An once is going for about $17.80 an once, but you need to check the market before you buy. They should sell it to you at the going rate plus tax.

The only downside is having a large enough area or safe to store it. In 1980 an once was going for $5.00. Like anything, you have to sit on it for a while, but if you get a stockload of it, you can go back an sell it for the going rate if you need some quick cash.

Sam M.

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ksleo
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Joined: May 29, 2010
Posts: 304
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PostPosted: Sat Jun 05, 2010 12:57 pm
Post subject: Re: What do you invest in?

According to a recent study, 46% of America's wealthiest people invest or have invested in real estate. The most important component to real estate is cash flow, not speculation.

I myself am looking really hard into Phoenix around Q1 of 2011. A 40%+ sink in home prices presents a once-in-a-lifetime opportunity.

If only I had the big bucks that you guys had I'd be set.


Last edited by ksleo on Sat Jun 05, 2010 1:02 pm; edited 1 time in total
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ksleo
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PostPosted: Sat Jun 05, 2010 1:01 pm
Post subject: Re: What do you invest in?

As far as precious metals go.

Gold is the way to go. Gold bullion bars in 1 troy oz. and higher denominations in a notable brand (Pamp Suisse, Perth Mint, Credit Suisse) etc. seem to have the highest re-sell value.

Silver will go up in the future because there is a similar supply of it to gold, and it has industrial and anti-bacterial uses. Historically, gold outperforms it handily.

Whatever you buy, I recommend you buy UNCIRCULATED and ISO Certified/IRA Approved bars.

Good website: www.apmex.com
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