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How would you invest 6 figures?

Discussion in 'Making Money' started by gentzalli, Mar 17, 2017.

  1. gentzalli

    gentzalli Junior Member

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    I have a very close family member who is going to sell their house (don't ask why) and is probably going to net somewhere around $150,000. Saving it can be nice, but she wants to make a move to make more money.

    The thing is, she doesn't really have any direction/passions to pursue. Starting your own business would of course probably be the best decision IMO. If I were her, I'd probably do some franchising of restaurants or buying some real estate, but I don't know how realistic it is because Washington state is quite expensive.

    What would you say to do with it?
     
  2. Zwielicht

    Zwielicht Moderator Staff Member Moderator Jr. VIP

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    Build a cinnabar ore processing line and sell the refined mercury to thermostat manufacturers.
     
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  3. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    If she is selling her house, where is she going to live?
    $150,000 is not a lot of money and she risks losing it and being homeless.
     
  4. redarrow

    redarrow Elite Member

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    Was going to say buy a home lol
     
  5. savobaby

    savobaby Regular Member

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    Yeah, might want to invest in somewhere to live.
     
  6. laur.laurix

    laur.laurix Power Member

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  7. gentzalli

    gentzalli Junior Member

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    she's going to rent an apartment in a different part of town

    Yes, you're absolutely right, 150,000 really isn't that much, especially in Washington, that's why she's having a hard time really thinking of anything. Probably to start a new business is the only realistic shot
     
  8. Chantana

    Chantana Newbie

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    I have here some old woods, some nails. Also some workers. What would you do? Build a page.
     
  9. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Well good luck to her but rather than rent an apartment, why not use that money as a deposit, take out a mortgage, buy a bigger house and rent out the rooms?
     
  10. Samwacgamchy

    Samwacgamchy Jr. VIP Jr. VIP

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    why not buy another house and rent rooms like above idea? Cost would depend on locations but i think even a decent one can be rented. Also does she have a job or not? Is there any other source of income?
     
  11. laconfidential

    laconfidential Registered Member

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    dont start a business. worst advice for someone who has no idea what hes doing. tell her to invest in real estate, have a downpayment and get leverage and rent it out. she should do her due diligence ofcourse.
     
  12. Weari

    Weari Newbie

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    forex, simply forex
     
  13. Nikolaos

    Nikolaos Registered Member

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    I would probably invest in mintos loans and earn 12 % annually
     
  14. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    She needs to park that money for a while and kick around what she would like to do... I'm anti her opening a business for a few reasons; the main one being that the risk of failure for a small start up business without a lot of capital is fairly high.

    The reason I say park it is because selling a house can be an emotional thing (to her it was a home) and one should not make large decisions in an emotional state.
     
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  15. nikchaing

    nikchaing Jr. VIP Jr. VIP UnGagged Attendee

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    Investing the whole amount, not so sure about that. If it were me, I'd pocket most of it while trying out small ventures like a food truck or something.
     
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  16. bart19

    bart19 BANNED BANNED

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    it is indeed smart to start with forex and use your $150.000, and lose everything in the first month and then the 36th month you finally got some experiences and knowledge.
    wouldn't suggest forex but if someone is going to start with forex start with the smallest amount possible or a demo account with a realistic amount you would actually use, and learn!

    she should keep the money and just try stuff and when she finds the right thing she is able to bring her own capital, but start small.
     
  17. Alaindeloin

    Alaindeloin Regular Member

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    She can buy cocain from south America at $3k per kilo and sell it in northern Europe for $15k. But does she know how to swim ?

    Like above, you can not "make business" just like that. Before you succeed in business, you will need to fail a number of times. With $150k she can not take the risk to fail.

    The less risky business would be, if it is legal, rent 1 or 2 apartment and rent them by days or weeks on airbnb.
     
  18. BigTroll

    BigTroll Jr. VIP Jr. VIP

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    So, $150k and 0 knowledges. Gonna be fun....I would say max 1 year to lose them
     
  19. datsunguy

    datsunguy Supreme Member

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    +1 on what @BassTrackerBoats said, sit on it for at least a few months dont do anything remotely rash or without fully understanding the endeavour.

    play it safe $150k is a considerable amount to risk on a stupid venture.

    Personally I'd invest some or a lot of that money in cars (since it's something that I understand) but that's just me.