You have $70k and 1 year to use it to make more money

[DC Smackmaster]

After the year, you have to pay back the $70k, the profits are yours to keep to spend however you like. What would you invest that money in? Flip a house? Invest in stocks? Blackjack table? We've been sitting on our nest egg for a house but it has been 4 years and the houses we want are still out of reach. Key West is very expensive, we are far from snobs, but we need space. I'm wondering if there is a viable way to use some of our nest egg to make more money. The dealing of drugs is not an option for me. Anyone actively investing in anything interesting?

Feel free to TROTS this bitch if nobody's interested.

I realize there is a forum for this, but it seems underutilized at the moment.

[Screw_Michigan]

Feel free to TROTS this bitch if nobody's interested.

I think you're on to something here, bro.

[DC Smackmaster]

Really? Goddammit!

You wrinkle-bag snuggling fart huffer. Maybe that will save it.

[atomicdad]

Not sure what the market is like in your area, but with housing prices coming back to earth and historically low interest rates get into a house if your credit score is decent. 70K would get you 20% down on a $350K house. If you got a FICO below 720, sucks for you. Might as well just buy one of those new "muscle" cars that have been coming out marketed to aging baby boomers looking to relive boners from days past and a big back a meth and go on a road trip, ala Vanishing Point. The world is going to hell in a hand basket anyways.

[Wolfman]

Why Key West? There are some good buys right now in SW FL and $70K could certainly get you into a nice place here with a pool and beaches 10-15 minutes away. I have some money in an aggressive investment fund and it is currently giving me a rate of return around 8.5%. Don't know if you could do better. Good luck.

[smackaholic]

Listen to old dudes. Old dudes tend to be smart....till they get senile like goobs.

key west is a neat place to visit for a day or two, but, it makes no sense to live there unless you have a giant wad.....of cash. And you are into that alternative lifestyle freak show they got going on there.

No matter how shitty the real estate market gets, Key West will always be expensive. Of course, odds are that firefighter jobs in the rest of fla are hard to come by and pay a lot less.

[Screw_Michigan]

If I hadn't seen so damn many episodes of Locked Up Abroad, I'd suggest investing heavily in cocaine in Colombia or hash in Pakistan.

Nice. One of my faves. Every episode is about the same, but they're all so riveting (and infuriating in so many ways), you can't take your eyes off it. True train wreck TV.

[Python]

I have absolutely no suggestions for you, but I just wanted to point out that

underutilized

is a pretty big word. Good job.

[Python]

Well there's always that.

[Derron]

Might as well just buy one of those new "muscle" cars that have been coming out marketed to aging baby boomers looking to relive boners from days past

Anecdotal at best here but there is something to this. Went to an All Ford Car Show here locally a couple of weeks ago, one of the biggest in the region. Noted that the newer ( 07-12) muscle cars, i.e. Mustangs were outnumbering the older classics about 3 to 1. Most them owned by dudes well over 60 too. Talked to a few of them, Intel retirees that hit it big in stock options, and some other well off dudes, and some were even making payments on them.

Anybody with a credit rating can buy these cars, but making a payment on a toy car if your older than 62 seems a bit insane.

As far as investing anything, my bro in law pulled about 1.3 million out of the market two weeks ago. Went to cash, bought a couple of small rental properties and is going to sit it out until the market and the way it is moving makes some sense. He did pretty well up until about 10 months ago, then said no matter what he did was wrong, so he said fuck it and got out.

Looking to make much of anything on 70K in a year or less is dreaming right now.

[Mikey]

If there was a sure way to make money everybody would be doing it.

Sin,

MA Investment Advisors



The biggest upside right now is probably in real estate, but there's still big potential downside. For some reason the investments with the biggest potential rewards also come with the biggest potential risks. Don't ask me why. If you're at all averse to losing that $70K nest egg then put it in low risk, low return investment. Keep adding to it and watch it grow slowly.

[Jerkovich]

Gold, silver, platinum.......and a well concealed safe.

[pron]

Invest in porn!

AdultVest

[atomicdad]

Iraqi Dinars

Approximately $100 US to $100,000 ID now.

Plans are in the works to revalue the Iraqi Dinar to be 1:1 with US Dollar.

Iraq is sitting on oil reserve that make Saudi Arabi's look like a jizz spot, more than enough to cover the revaluation on the world market.

Before the 2nd Iraqi war, Cheney and Rumsfield said the war was already paid for. The US treasury is sitting on billions of Dinars, after revaluation that will be trillions.

/42804638001/43025166001/1677242929001

Another Great article

BAGHDAD / JD / .. Knesset Finance Committee requested the CBI not to Hsrmzad hard currency in one bank, as well as bank loans in order to avoid cases for administrative and financial corruption. A member of the Committee and MP for the rule of law, Secretary Hadi's / JD / "The bank loans that are working on the Rasheed Bank should not be limited to the only, to avoid the occurrence of any corruption. Said Hadi:" I addressed the Bank Governor Sinan Cpie not limited to an auction sale of foreign currency in one bank so there is no monopoly on economic and not to open the door of bribery and corruption, financial and administrative front sale ".. The Central Bank announced new steps that will raise the value of Iraqi dinar against the dollar. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in an earlier statement the reporter (JD) that the central bank began to apply the new strategy will emerge equation equal the dinar and the dollar if there have the appropriate atmosphere. Saleh added that the new strategy will work to increase the capacity of the Iraqi dinar as a step in the way of reform of the financial system in Iraq and stimulate the economy, and then proceed to the draft Delete zeros out an equation equal the Iraqi dinar with the dollar and this requires the availability of several factors Kalnhod the agricultural sector, industrial and services sector and investment. He said the current situation cause for optimism about the future of the economy and the value of the currency and its purchasing power. / Finished http://www.dananerne...ails.php?ID=938


I'll post more when my tin foil hat wearing buddy sends his bi-weekly update.

Hell, you only need to invest a small part of your $70K to turn it into a cool million.

[Mikey]

Hell, you only need to invest a small part of your $70K to turn it into a cool million.

If you pay me 10% of the starting principle and 10% of any profits I'd be happy to handle the investment for you.

[bradhusker]

If there was a sure way to make money everybody would be doing it.

Sin,

MA Investment Advisors



The biggest upside right now is probably in real estate, but there's still big potential downside. For some reason the investments with the biggest potential rewards also come with the biggest potential risks. Don't ask me why. If you're at all averse to losing that $70K nest egg then put it in low risk, low return investment. Keep adding to it and watch it grow slowly.

Mikey, DONT BE A DUMB FUCK. REAL ESTATE? 1 year? are you SICK?

Ive got the perfect use for that 70K. And, I can make a tidy profit in just one year.

I would open a Godfathers Pizza in an undisclosed "choice" location. Memphis, Tennessee.
By choosing a location heavily populated by african-americans, you earn yourself, "GOLDMINE" status!
Poor blacks, cheap YET delicious pizza!! CANT MISS! You will make profits and FAST. In a down economy, McDonalds keeps steamrolling their competition thru low prices.

Godfathers, like Popeyes and Church's chicken chains, has a natural appeal to the black psyche, they will keep coming back for more, year after year, decade after decade. Herman Cain knew this, and was able to profit from it.

Its a no-brainer. Im suprised that none of you tards thought of it before I did. Ive got a mind for business, an d a belly for pizza. Pizza = profits!!!!

[mvscal]

It is an election year, so buying stock in a jizz mop manufacturer makes sense.

[Python]

You gotta' diversify yo' portfolio.



Hope that helps.

[atomicdad]

So here is what you do. Get a bunch of pennies and put them in dime wrappers (seriously, they fit), put a single dime on each end. Then drive around trading them in at all the convenience stores. If someone cracks one open in front of you just look as surprised as the clerk, say something like "That fucking mother fucker, i'm gonna kick his fucking ass".

[DC Smackmaster]

Rack all of you for the insights, mvscal and Python offered particularly helpful thoughts. :doh:

Well, thanks for the ideas. Need an invention goddammit!

[mvscal]

Rack all of you for the insights, mvscal and Python offered particularly helpful thoughts. :doh:

Yeah, I know. It's only jizz. Still...it isn't going to mop itself.

[atomicdad]

6-15-2012 Finance Committee: The plan to raise the zeros will begin early next year. Historic symbols of the Iraqi government and there is no opposition to its position in the currency after you delete the zeros and after the stability of the currency crisis. The replacement of the Iraqi currency was an agreement between the relevant committees (Financial and Economic Committee) and the Central Bank, to replace the currency after deletion of zeros in the beginning of the year (2013) as a result of the escalation of crises, monetary and non-stability of the exchange rate of the Iraqi dinar against the U.S. dollar, noting that the parliamentary committees and the central bank are making every effort to overcome the difficulties for the stability of the dinar exchange rate against the dollar. The answer to: the technical and professional matters the powers of the central bank, and will fall on the Finance Committee, legislative and legal issues. http://www.ikhnews.c...n=view&id=45614

Central Bank announced that 35 banks, electronic currency trading system

15/06/2012 01:48
BAGHDAD / news center for the Iraqi Media Network - Central Bank announced that 35 private banks and the government entered the electronic trading system of the coin.

The deputy governor of the Bank for the appearance of Mohammed (center news to the Iraqi Media Network) The "32 government and private banks appeared to the introduction of electronic trading, which aims to facilitate the process of the local currency traded between banks and difficult."


"The Central Bank is working to develop a system of electronic payments between banks, the picture and then moving the foundation for the development of electronic relations between banks and customers."


The central bank seeks to develop a system of payments the country's economic and announced earlier in the high cash reserves of $ 50 billion to 60 billion dollars.


The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.


http://translate.goo...33XPIvTpf4norjg

Sarraj says that next two days will witness political stability
15/06/2012 13:51:00

Posted Image

Baghdad (NINA) – State of Law official, Adnan al-Sarraj, said that the next two days will witness political stability.

In a statement to NINA on Friday, June 15, Sarraj said, "In the last few hours talks are been going on between parties in the political process, they will result in solving current political crisis."

He added that unity between those demanding withdrawing confidence form Prime Minister Nuri al-Maliki, will not last, because there is not patriotic bind keeps them together, the only thing that keeps them united is the issue of withdrawing confidence from Maliki.

It is noteworthy that a source close to the State of Law said on Thursday that the Sadrist Trend's leader, Muqtada al-Sadr, made a phone call to Prime Minister Nuri al-Maliki, discussing with him means to get out of current political crisis.

The source told NINA that the two discussed activating dialogue to get out of current crisis; pointing out that the discussion was positive and its results will come out soon.

It is noteworthy that Muqtada al-Sadr who is among those calling for withdrawing confidence from Maliki, has returned from Iran on Thursday. / End.

http://www.ninanews....?ar95_VQ=FLMJJE

Urgent, urgent ... Maliki agrees to implement the Convention on the abolition of the requirement of Arbil confidence!!

Topic has been read 13 times

Author: readings

14/06/2012 14:17
Posted Image
Said President Jalal Talabani on Thursday that Prime Minister Nuri al-Maliki and the list of National Alliance officially told him to prepare for the implementation of previous agreements, including the "Letter of Arbil," except where stated on the issue of withdrawal of confidence from the government.
A statement issued by his office received a copy of it for Talabani as saying that "paper presented to the meeting of Irbil in 28/4 included nine items, including a proposed withdrawal of confidence," explaining that "the proposal was directing the paper to the National Alliance, and not to the House of Representatives, in the absence of to deal with them so they can be a positive display the subject of withdrawal of confidence. "
The statement continued, "The authors of the paper suggested that the notice will be given one month to respond to (...) and after discussion it was agreed over a period of two weeks."
The statement said that "President Talabani received official notifications from the National Alliance and the Prime Minister to prepare for the respect and implementation of previous agreements and taking into account the paragraphs in (a Arbil), except paragraph no confidence."
The leader of the Iraqi List, Iyad Allawi has said earlier that the issue of withdrawal of confidence from the Prime Minister was a proposal from the President of the Republic of Iraq, which he denied the presidential statement, which promise "contrary to fact and reality."
http://www.qeraat.or...ow.aspx?ID=3726

It's going down 'Spray...

[Mikey]

I'm thinking about deleting a few zeroes from my mortgage balance. I wonder how that will go over.

[atomicdad]

I'm thinking about deleting a few zeroes from my mortgage balance. I wonder how that will go over.

I doing just that, well the interest side of the equation, should be signing the final escrow papers either today or monday. 15 year fixed at 2.875% - BooYah

[Mikey]

I'm thinking about deleting a few zeroes from my mortgage balance. I wonder how that will go over.

I doing just that, well the interest side of the equation, should be signing the final escrow papers either today or monday. 15 year fixed at 2.875% - BooYah

Nice. We re-fied a couple of years ago at 4.65% (30 yr) and thought it could never get much lower. May have to rethink that soon.

[Screw_Michigan]

Yeah, I know. It's only jizz. Still...it isn't going to mop itself.

You rang?

[atomicdad]

Yea, some people have been starting to complain about a bit of build-up in the grout.

[Screw_Michigan]

we need a reappearance of Kunta troll or whatever the name of the African kid M-Club sponsored was

he had some great investment ideas

Tiny Tim? Where is you, Tiny Tim?