I have some spare money..

clarkey01

Diamond Member
Feb 4, 2004
3,419
1
0
I have some spare cash after I sold a house, what I've been doing is buying houses, doing them up, selling for a profit.

It takes up time and effort, I was wondering if theres a sure fire way to make money on shares ? say invest 30K and sell the next day ?

Im getting older and I suffer from back problems...


I really need to look into this further, but I just need a heads up.


Cheers guys
 

thirtythree

Diamond Member
Aug 7, 2001
8,680
3
0
If there was a quick sure-fire way, don't you think everyone would be rich? (Then poor again due to the ensuing inflation.)
 

b0mbrman

Lifer
Jun 1, 2001
29,470
1
81
Originally posted by: clarkey01
I have some spare cash after I sold a house, what I've been doing is buying houses, doing them up, selling for a profit.

It takes up time and effort, I was wondering if theres a sure fire way to make money on shares ? say invest 30K and sell the next day ?

Im getting older and I suffer from back problems...


I really need to look into this further, but I just need a heads up.


Cheers guys

Nah, if that worked, then everyone would be on it.
 

dullard

Elite Member
May 21, 2001
26,130
4,787
126
The only sure fire way to make money is to invest in something risk free. Risk free investing yields about the same as inflation. That is, you won't be any better off after you do that investment.
 

iRONic

Diamond Member
Jan 28, 2006
8,409
3,725
136
Originally posted by: clarkey01
I have some spare cash after I sold a house, what I've been doing is buying houses, doing them up, selling for a profit.

It takes up time and effort, I was wondering if theres a sure fire way to make money on shares ? say invest 30K and sell the next day ?

Im getting older and I suffer from back problems...


I really need to look into this further, but I just need a heads up.


Cheers guys

Ask PAB.
 

thirtythree

Diamond Member
Aug 7, 2001
8,680
3
0
Originally posted by: dullard
The only sure fire way to make money is to invest in something risk free. Risk free investing yields about the same as inflation. That is, you won't be any better off after you do that investment.
Better off than doing nothing with it. And you can get at least a little more than inflation risk-free.
 

MasonLuke

Senior member
Aug 14, 2006
413
0
0
You should buy TSL. they did 14% today and with your 30k investment, you would have made $4200 in one day. they are reporting 1st quarter earnings soon, and i think the numbers came out and it looks like it will blow the estimates out of the water. major increase in volume plus mega gains equals only one thing. its never too late.

Full disclosure: i own mega shares of TSL

Disclaimer: All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
 

JasonCoder

Golden Member
Feb 23, 2005
1,893
1
81
Originally posted by: MasonLuke
You should buy TSL. they did 14% today and with your 30k investment, you would have made $4200 in one day. they are reporting 1st quarter earnings soon, and i think the numbers came out and it looks like it will blow the estimates out of the water. major increase in volume plus mega gains equals only one thing. its never too late.

Full disclosure: i own mega shares of TSL

Disclaimer: All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.

Capital gains has to suck ass on that and the real estate thing. Go municipal bonds.

Disclaimer: I more or less haven't got a clue wtf I'm talking about
 

dullard

Elite Member
May 21, 2001
26,130
4,787
126
Originally posted by: thirtythree
Better off than doing nothing with it. And you can get at least a little more than inflation risk-free.
Tis better off to try something risky and get double or treble the inflation rate. Yes, you can do a bit better than inflation with something mostly safe, but in the extreme risk-free state, you won't do it for long. One of the safest things you could buy would be a US government bond and hold it for 30 years, but even then there is risk. There is risk that you might need the money sooner - and if you do, the bond price may have fallen. Heck, even money market accounts and CDs carry a tiny bit of risk.

 

IGBT

Lifer
Jul 16, 2001
17,976
141
106
..property flippers have run up the price and property tax of realestate. I understand your need for an income but it has come at the expense of others. On an other note: Ford stock is aprox.10.00 a share last look.
 

MasonLuke

Senior member
Aug 14, 2006
413
0
0
Originally posted by: dullard
Originally posted by: thirtythree
Better off than doing nothing with it. And you can get at least a little more than inflation risk-free.
Tis better off to try something risky and get double or treble the inflation rate. Yes, you can do a bit better than inflation with something mostly safe, but in the extreme risk-free state, you won't do it for long. One of the safest things you could buy would be a US government bond and hold it for 30 years, but even then there is risk. There is risk that you might need the money sooner - and if you do, the bond price may have fallen. Heck, even money market accounts and CDs carry a tiny bit of risk.


if you are old, play it safe. if you are young, take more chances. if you are in your 30s - 40s, stick it in several different mutual funds that are aggressive, moderate & conservative, and let it ride until you retire.

ma2cents
 

MasonLuke

Senior member
Aug 14, 2006
413
0
0
Originally posted by: IGBT
..property flippers have run up the price and property tax of realestate. I understand your need for an income but it has come at the expense of others. On an other note: Ford stock is aprox.10.00 a share last look.

Ford is going down the tube and they just gave their CEO 30+ million bonus for 4 months of work. i think they lost like 12 BILLION in 2006, but dont quote me cuz i'm taking these numbers from the top of my head. wtf? for now, i would stay away from ford.

 

alien42

Lifer
Nov 28, 2004
12,869
3,299
136
research public companies and find one with good growth and a low PE for their industry

profit