In What would you invest if you had $14K per month?

Gee, you guys are supposed to be my competitors? I never
heard of such a bunch of lame ideas. Buy gold when it
is at record highs? Real estate? Come on, that's for old
ladies.

With much less than $14k a month to invest I have built a
company with $5million+/year in sales through internet sales and advertising.

With a similar investment the company next door has built
an internet business that spends $70,000 a month on google ads.
I don't know how much he is making, but he doesn't
weep when he tells me his advertising budget.

What I would do:
1. go get a BS or MBA at a good entrepreneurship college.
2. Find a niche and exploit it, baby.
3. If you are making this $14k from the internet, plow it into
your own company, brother. I have a friend that starts 4 new
innovative internet companies a year. If your niche is saturated
find another.

 

It's not at records highs. It will be in less than a year, though. When it happens, just remember that you heard it first on DP. It will also double within 2 years. (Silver will triple)

Nothing interferes with education more than a college degree. Read books instead, no college can complete with 2 dozens of carefully selected books. The only drawback is that if you know too much you may seem like a nut case to college grads. You will be earning enough to compensate for the inconvenience.

 

I would invest in Real estate for sure.

 

Agreed!

But let's not let this secret out. Parents think paying 10k's of money for people who never worked in the real world to teach their children how to succeed in the real world should never wake up. Let them spend their money, keep their stupid kids from becoming more than lemmings.

Oh, I have a couple degrees, college only taught me how to stay in school, but the school of hard knocks taught me how to succeed.

Back to Robert Allen, he's a self-made man. Rather than go for his MBA (if memory serves me right), he offered a successful stock broker the same amount of money to teach him how to buy and sell stocks. I think he apprenticed for a few weeks, paid the guy 10k's and later made mucho money. Which gave him time to relax write books, and make mucho-mucho money.

So..... back on topic.... I'll stick with lottery tickets. Can't lose right? My close second is buying MFA sites off Ebay.

tom

 

Gambling on the price of gold or silver is a sure way to get eaten
by the experts. If it is sure that the price of gold will peak
in a year it would already be trading at that level, that is the
way that commodities work.

One of my co-workers made thousands of dollars investing in
gold back the last time it had a run up like this. He lost it
all in a few days when it had a run down. Everybody makes
money while it is going up and everybody loses money when
it is going down. Following the crowd is a sure way to give
institutional investors your hard-earned savings.

I have known several people, one a highly sucessful lawyer,
another a real estate agent and genius engineer husband and
wife team that have lost everything investing in real estate.
(including the marriage in the second case).
You have to have the right market at the right time and
get good renters, any one of the three and you are facing the
bankruptcy judge wondering "what happened?"

But growing your own business you have control over a lot
more things. As they say "the sky is the limit, but the pit
is bottomless.

The advantage of a person that has a steady income is that he is free
to make a lot of mistakes until he hits on the right formula.
Don't underestimate this, it is the key to most fortunes.

best regards
wiz

 

Get a degree? Why bother? I took a few classes in business,
my PhD is in Physics. I can learn about business from books
and friends, and I am good learning stuff.

However, I look at the MBA graduates in Entrepreneurship
at the local unversity and get a little envious. A number of them,
dumb and inexperienced as they are, have created businesses
right out of school and are zooming past me.

Why?

1. Formal education leaves no holes, self education you don't
know what you don't know.
2. They learn to write and communcate, present and evaluate.
Priceless. It is unlikely you will be motivated to learn this on your own.
This is mostly what I learned from my PhD in physics.
3. Most importantly they have created a network of friends
and contacts, including the professors which are mostly wildly
successful businessmen retired into teaching (some at the
age of 32 years old).
4. What is it worth to have your business ideas submitted time and
again to these academics? They can help you sort the wheat from the
chaff because they have the experience that you don't.

Remember this guy already has $14k a month. The question
is what would be the best thing to do with this money
to grow it. In 5 years you could leverage it into a 20+ million
dollars with my plan. One of the local kids dropped out
of the MBA program after 3 semesters and two years later
his company is sold for $10 million.

best regards
wiz

 

Gold will peak within a few years, it will be well over $1000. Silver will peak around the same time. People that you described that lost money in 1979-1980 peak are Joe 6-Pack. They get on the train too late and don't unload until it crashes, buy high sell low crowd. The key here is to do your research. Read, read, read. Overall, the price will always follow the fundamentals. In extended bull market, fundamentals are thrown out the window. The longer bull market continues, more and more people think the price increase is permanent. Extended bull markets always crash.
You know that we are in extended bull market when Joe 6-Pack gets on the train. At some point there is going to be no more money left to be injected and the bubble will burst. When you go to a barbershop and all they talk about is their gold, it's time to sell. We are not there yet, currently the price increase is driven by low production and high demand.

 

Ah, how many times have I heard this kind of argument before? Kind of nostolgic, really.

Joe 6 pack, eh? Ad hominem investing, what a concept!

So if you aren't Joe you are sure to make money?

And silver is a much worse investment than gold. The reason
is that there is an incredible amount of silver out there.
When the price of silver makes a teaspoon worth more than
the collector's price, teaspoons get melted down.

That is what caught the Hunt brothers and it will catch you
too.


And I can say with some confidence that the man who lost all that
money investing in gold was much more intelligent than you are.
I know a lot of smart people. He is one of them. He bought very early.
He just held on too long.

And what a coincidence that his trigger price
was also $1000 an ounce!

So put your money into your business where you have control over it.


best regards
wiz

 

Out where? Under ground or above the ground? There is a shortage of silver and this is why the price is going up. The main points are
* Industrial demand for silver cannot be met anymore by mining because there isn't that much silver left under ground. (Gold doesn't have much industrial use.)
* Gold can be melted and reused. Silver is consumed by the industry and is gone forever.
* Silver is volatile while gold is stable, which makes silver a better deal during bull market. In previous bull markets, silver outperformed gold at least by 300%. That said, you can't go wrong with either

Setting a trigger price is useless. You are confusing gambling with investing. FOllow supply and demand. Unload when you see that general public is buying (or that fundamentals changed, whichever comes first). Bull market will collapse when there is no more money to be injected. After your doctor and babysitter bought in, there is no more money to be injected (unless a UFO with $100 notes lands)

 

Considering that Bush is manufacturing consent for war against Iran, plus the civil war in iraq. Do a search in google on: "war and inflation" , and then consider your opinion regarding gold & silver.


we are about to head into another high inflation period, any investment that can take advantage of that would be a smart move.

Personaly i'm a fan of robert allen's book "multiple streams of income" and his other real estate books.

 

LOL

I like ideas of real estate (see my signature)
__________________
Real estate website design. Real estate software. Real estate management software.

Professional website development for $390.00!

 

The worst thing about investing in precious metals is that all
they do is sit in a corner gathering dust until you sell them.
Hopefully when you sell them you make a lot of money, but
your income is zero until then and stops dead with the sale.

And what miserable returns. If you were lucky enough to buy
at $650 an ounce and in three years it hits $1000 an ounce,
and you sell, you made 15% compounded annually. Hardly
worth the risk of buying at a 20 year high.

Investing in your business brings income now and forever. And
it is also a store of value. Of course it is a lot of work to build a company.
Gold fever (or silver fever) takes very little work.

 

Well, it does take work unfortunately, meaning that you have to do your research before you invest. I got in at $460 last summer, call it miserable return. (I am trading out of gold now because I see silver as even more undervalued) But you are right about the type of investments that bring income forever, those are the best obviously. I just don't have any ideas for websites that would take significant investment, nor do I have much time. So I have to park my savings elsewhere

 

I would probably invest that 14K into real estate, I think that’s one of the best business, at least here where I live. I could really make it, I’m damn sure I would.

 

So why are you hanging out in the Digital Point forums?

 

[Deleted, see below]
P. S. By the way, do you realize that $700 today was less than $300 20 years ago? What's the point of comparing prices in depreciating currency if you are not adjusting for inflation? Bad science

 

And the original poster said 14K PER MONTH, you'll be making some serious websites to invest that much money. Amazon was started with only 250K

(I lied in the last post, actual reason I am hanging out in DP is that I was banned from Sitepoint. Sowwy )

 

Most of yours ideas are offline, do you have some online ideas?
Recntly i thought about site that would have big PR and home page
with links to sites that paid to be included.
Maybe some dollar for site and automate proces using Google api.
I mean someone pays 1 dolar and his site will be on homepeage till it get indexed.

 

This may be off topic but if I'm making 14K/month the only thing I'm investing in is ME. I'm making 168K per year, paying myself first in IRA's for me and my wife, and some other safe investments while maintaining my sites and looking for new niches.

The only thing I need to do my work is a laptop and a connection whether it's from my home, hotel, or internet cafe in Europe. The LAST thing I'm going to do is kill myself being the richest guy in the world, only to die and leave it to relatives when I have the rare opportunity to see the world, and enjoy life.

Life is what happens when you're busy making other plans, and the person who dies with the most toys is still dead.

JB

 

Since I assume the 14k a month is excess from his business. The opportunities of this business to expand profits with a signifficant rate of return on equity or time is lower than other places.


You could invest in stock, the thing is.. Most people either trade stock, or simply buy it not so much invest in companies behind it. Reading a bit about buffett and learning the ins and outs of financial analysis would help.

Real estate is good but it might be too management intensive for you. (the type of real estate that would most likely be purchased is smaller stuff) If you however, saved for a while and were investing in multi-million dollar office buildings with building managers or something it might be a little less of a daily management proposition for you.

You could also do franchises.