How would you invest 6 figures?

gentzalli

gentzalli

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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?
 
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Build a cinnabar ore processing line and sell the refined mercury to thermostat manufacturers.
 
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.
 
Yeah, might want to invest in somewhere to live.
 
Asif WILSON Khan said:
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.
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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
 
I have here some old woods, some nails. Also some workers. What would you do? Build a page.
 
gentzalli said:
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
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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?
 
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?
 
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.
 
gentzalli said:
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?
Click to expand...
I would probably invest in mintos loans and earn 12 % annually
 
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.
 
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.
 
Weari said:
forex, simply forex
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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.
 
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.
 
gentzalli said:
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?
Click to expand...
So, $150k and 0 knowledges. Gonna be fun....I would say max 1 year to lose them
 
+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.
 
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