What would you do if you had the means?

[musclestack]

Just wondering what you guys would do if you had the financial means to invest in just about anything you wanted? I'm not talking about consumable items here; I'm talking about investments you could make a return/income on? I'm not rich by any means of the word, but I do have enough in savings to go out on my own and start my own business. I'm not the kind of guy who likes working for someone else (although there are benefits to it as well); I've always been more comfortable making my own decisions and going my own path. Trouble is, I don't know exactly what path I want to head down. It sucks because I just turned 30 this month, and I feel like I'm a freshman in college still trying to decide what I want to be when I grow up lol!

I have a background in construction (particularly concrete). I went out on my own once doing this when I was 24, but I really don't know if I would be happy doing it for the long term. I've also thought about real estate, but I just don't know if I would be passionate enough about it to make it succeed (and, in my opinion, being passionate about what you're doing is one of the biggest factors in whether or not you find success in your endeavor).

Let's just say, for argument sake, that you had $100,000 to invest in something. We're also factoring in that you are debt free and also have a reserve set aside in case of emergency. Now, I know that $100,000 isn't a great deal of money, but it's more than many people start out with when they play entrepeneur.

Would just like to get you guys' opinions/ideas on what you feel would be a good investment/what you would be passionate about doing if you weren't doing what you're doing now.

Let's hear it guys! Would like to hear some practical thoughts (not something like you're planning on buying 51% of stock from Wal-Mart lol).

[Hazard]

With 100k..... Idunno. With a lottery winning I would purchase property and houses and rent them out. Maybe a building.....

Atleast if something ever happened to all my money I'd have income coming in still.

[davesah1]

Bitcoin two years ago. Would have been bathing in gold.
Went from 30$ to 1200$ per coin (when it peaked)

[JAB1]

With 100g I would pick up some real estate, as I am interested in it now and wanting to expand. My background is in property management so natural fit for me. I would look for good deals, that I could put a nice downpayment on, have some cash for light remodling, and then rent out to atleast cover all expenses plus extra to put in capital account to cover future maint cost, cover downtime between renters, etc. If possible also collect enough rent to pay down mortgage faster. When the market is right potentially sell for nice profit. You could pick up a couple properties with 100g easy using this formula. Its not a recipe to quit your day job, but it does create a nice nest egg that pays for itself. Thats my plan anyway. I keep my career for paycheck and insurance, and this is my plan for future wealth. I have one rental now and looking to get more when I can.

[< <Samson> >]

I am in the same exact spot

Money isn't what it used to be, a 100k will get you life long self employment & that's about it


Nothing legal will have a worthwhile turn around on 100k


Maybe, if you use the 100k as a down payment & finance something. But, that's not all that great of an idea

[Times Roman]

I'm fairly educated (economics major at USF) and thought I was smarter than the market at one point. Had a 20 year plan to retire at 55. Then two recessions happened, something way beyond the lay investors control. my 401(k) lost 2/3 their value, my home lost 1/2 it's value, and still haven't recovered. Years later, if I sold my house, I'd still sustain a loss. My 401(k) still sucks. So now I have quite a bit of cash just sitting in a savings account somewhere. I don't trust the market anymore.

If you ever do an analysis of WHY and what the triggers were for both recessions, you'd be sick. And it can easily happen again, any time soon. in fact, some economists are suggesting we are not out of it yet.

How would you feel if you "lost" over half a million in value between your 401(k)'s and home value? probably closer to 3/4 of a million?

so forget the stock market for me.

and investing in real estate

[evander87]

The market. I'd spread $20k across a few mutual funds from the same fund family.

You can always sell stocks and any well diversified portfolio will have real estate but it can be a bitch to sell real estate in a crunch start with stocks. Then down the road get some property that you can buy outright.

Just my $.02

Eat meticulous, train ridiculous for best results.

[musclestack]

Lots of suggestions on real estate. That's what I was leaning towards a few months ago, but dealing with tenants, maintenance, repairs, etc. 24/7 really isn't my cup of tea. I like to work, but having people nagging at all hours of the day/night really isn't my thing. I really don't know a whole lot about plumbing/electrical/roofing/framing, so I would have to hire a contractor to fix things when needed. I could avoid all this by getting a property manager, but I would have to fork over quite a bit of profit in return for their services. And I would probably never buy a property outright for a couple of reasons: One, I would rather put as little down as possible while still recovering a positive cash flow each month, this way I can still have loose cash on hand to buy up more deals. And two, there are tax benefits you get if you don't own the property outright, which will offset your revenue at the end of the year so you don't have to pay in. Using this method, you could probably expect $2-300/month positive cash flow (after expenses), but that also means you would need a lot of properties to make a lucrative profit. This could be bad if, like Times Roman said, the housing market crashes again.

I'm kind of leaning towards starting my own business; I'm just not sure what yet. Any of you guys thought about starting something of your own? And what kind? I'd love to own my own gym, but there's a lot of competition around here (and everywhere I would imagine), and I would also have to rely on the motivation of the public on how much they want to exercise to improve themselves. As we all know, in America, those people are few and far between...in fact, it's almost a 'seasonal' business, given that everyone wants to work out the month of January, then everyone starts to fade away lol.

I've also always been interested in concert promotions (live music is one of my biggest passions), but indie promoters are lucky to break even, and big time promoters need a lot of start-up, and it can be a big gamble with a lot of money on the line.

Sooo....business ideas?

[Times Roman]

I was talking with some over a year ago, that for $25k I could set up my own peptide company. Including manufacturing. Didn't actually look into specificially which equipment I would need and the cost of that equipment, it was just a number thrown out there. But I think the industry as a whole is fraught with risk, so I backed off.

There for a while, was considering dropping $50k cash into a motorcycle accessory and apparel store. But once I looked at the inventory, it was all irregular, (xxxxxL and xxxxxxS for example), which is basically worthless, and the owner was trying to sell as if it were an asset purchase with some good will thrown in. Had to pass on that one too.

Maybe a few of us should open up a brothel in the phillipines? =)

[lovbyts]

$100,000 I would just make sure I had no debt 100% and depending on what is left over???

One million or me then remember what Lex Luther's dad told him..

[Times Roman]

^So, LB, you're not biting on the brothel idea, huh? =)

[David LoPan]

IMHO, I would go against the grain here and suggest that take 75% of your money and invest it in a whole life insurance policy, single premium policy. Then use all the dividends to go either in your cash value or go into paid up additions. If something happens to you your family will get the money tax free. It grows at a guaranteed basis, maybe not a lot but its a for sure thing. It's 100% safe and totally free from any creditors no matter what happens to you, ie bankruptcy. Even divorce, well depending if your not in a few states, if your not already married. If single your fine. There is no down side other than the commission. Great retirement tool since you can borrow against the cash value but don't do this until you actually need to retire.

25% left. So you have 25K, put 10K in a saving account for emergencies only. And use the rest to invest. Real estate is good. Depending on where you live you can buy a house for 30K so you can pay half down. Then you rent it out. Get the lowest term note that the payments will be less than rent. Then you use the rent to pay off the house and what ever the difference is you put in an account for repairs on the house. When the house is paid off and you have built up money for another home you do it again. If you start when your young you will be wealthy when you retire. Both off the rental income and insurance cash value.

That is the safest way to roll. If you want more risk and better rewards . . . invest in companies that sell marijuana in Colorado and Washington. Within 15 years it will be legal in all 50 states. Well maybe more like 45 when you have Utah and a few other conservative states. Only do the companies that do R&D towards Medical Marijuana.

For the MODS . . . I am not talking req drugs nor do I endorse them so I don't think I broke the rules.

[Times Roman]

IMHO, I would go against the grain here and suggest that take 75% of your money and invest it in a whole life insurance policy, single premium policy. Then use all the dividends to go either in your cash value or go into paid up additions. If something happens to you your family will get the money tax free. It grows at a guaranteed basis, maybe not a lot but its a for sure thing. It's 100% safe and totally free from any creditors no matter what happens to you, ie bankruptcy. Even divorce, well depending if your not in a few states, if your not already married. If single your fine. There is no down side other than the commission. Great retirement tool since you can borrow against the cash value but don't do this until you actually need to retire.

25% left. So you have 25K, put 10K in a saving account for emergencies only. And use the rest to invest. Real estate is good. Depending on where you live you can buy a house for 30K so you can pay half down. Then you rent it out. Get the lowest term note that the payments will be less than rent. Then you use the rent to pay off the house and what ever the difference is you put in an account for repairs on the house. When the house is paid off and you have built up money for another home you do it again. If you start when your young you will be wealthy when you retire. Both off the rental income and insurance cash value.

That is the safest way to roll. If you want more risk and better rewards . . . invest in companies that sell marijuana in Colorado and Washington. Within 15 years it will be legal in all 50 states. Well maybe more like 45 when you have Utah and a few other conservative states. Only do the companies that do R&D towards Medical Marijuana.

For the MODS . . . I am not talking req drugs nor do I endorse them so I don't think I broke the rules.

a whole life policy? do you know what the imputed annual return on those things are? VERY LOW! and if you want insurance, just get term life, THE most economical insurance out there. Why would you want to bundle the two in a whole life policy? There are reasons why life insurance agents push so hard for you to get into whole life. Because it is extremely profitable for the insurance company and the insurance agents gets a big fat commission.

yes, this is one of many things I have done in a previous career.

[David LoPan]

Concert promotions is dead unless your an Indian and own a casino. A booming industry is e-cigs currently. But I bet the FDA and the government will cripple it soon. There are so many regulations and BS now in the US that don't really promote a small business. Totally different than in the 80's. Stick with a business you know and have the understanding that 90% of all small business go out of business in the first 5 years. Of that 10% left the only 10% will make it another 5 years. So unless you buy a proven franchise its really hard to make it. Can it be done, yes, is it hard, yes.

If you go the buying one home at a time pretty soon you will own a property management company. Great business if you hire the right people.

[RaginCajun]

Either invest it in all the pot industry stuff that is popping up, or buy minerals/royalty rights from people.

[David LoPan]

a whole life policy? do you know what the imputed annual return on those things are? VERY LOW! and if you want insurance, just get term life, THE most economical insurance out there. Why would you want to bundle the two in a whole life policy? There are reasons why life insurance agents push so hard for you to get into whole life. Because it is extremely profitable for the insurance company and the insurance agents gets a big fat commission.

yes, this is one of many things I have done in a previous career.

No its due to the commissions being about 45-50 % of first year premium. I would only buy from Mass Mutual now. The returns are guaranteed at 4-6% depending on the policy (this includes dividends). Only investment you can get a guarantee. Only 5% of all term life policies written are every paid out. There is only 3 reasons to buy life insurance anyway. 1. You have to, like to insure a business or a key man policy. 2. You love someone 3. A tax free investment.

I did as well. I have a CLU, ChFC, LUTCF, CIC, FMLI as well as Registered Investment Adviser (series 7, 65 and 63). I didnt like that business so I sold my practice. I can say I helped a lot of people with estate planning. I have also worked at a home office as well. If you get with the right person and do solid planning its a great "sure thing" for a very conservative investment.

[lovbyts]

^So, LB, you're not biting on the brothel idea, huh? =)

Not in the US. $100,000 wouldn't even cover the legal fees.

[Times Roman]

Not in the US. $100,000 wouldn't even cover the legal fees.

damn LB....
....I said in the Pillipines

[MuscleInk]

Honestly, $100K is nothing. I have three business plans requiring a total of $5.5M in capital. I'd settle for $3M to get one of the business plans launched and look for capital for the other two.

[lovbyts]

damn LB....
....I said in the Pillipines

Sorry im on my phone app and sick the last flew days so miss some details. Yes no problem in PH. Ill get right on that.

[musclestack]

Concert promotions is dead unless your an Indian and own a casino. A booming industry is e-cigs currently. But I bet the FDA and the government will cripple it soon. There are so many regulations and BS now in the US that don't really promote a small business. Totally different than in the 80's. Stick with a business you know and have the understanding that 90% of all small business go out of business in the first 5 years. Of that 10% left the only 10% will make it another 5 years. So unless you buy a proven franchise its really hard to make it. Can it be done, yes, is it hard, yes.

If you go the buying one home at a time pretty soon you will own a property management company. Great business if you hire the right people.

AEG Live, Live Nation, and House of Blues seem to be doing very well for themselves. But like I said, it takes a lot of start-up and a risky gamble, especially in the beginning where you can either make or break yourself.

[trikydik]

This is a no shitter - I would purchase marajuana company stocks. 1 investment has already gone from 3k to 9k in the past 6 months...

Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

[trikydik]

Honestly, $100K is nothing. I have three business plans requiring a total of $5.5M in capital. I'd settle for $3M to get one of the business plans launched and look for capital for the other two.

https://angel.co/

[kronik420]

buy 100k worth of guns and ammo

the zombies are coming...

[Rwy]

If you dont have an in for foreclosures investing in real estate is a waste of time. If you are not a contractor investing in real estate is a waste of time

[musclestack]

If you dont have an in for foreclosures investing in real estate is a waste of time. If you are not a contractor investing in real estate is a waste of time

Why do you say this Rwy?

[musclestack]

I'm interested in learning more about the marijuana company stocks. I don't have any experience investing in any stocks (apart from mutual funds, which my financial advisor helps me with). Does anyone have any literature on how to go about this? Which companies are the best to invest in? It sounds like it could be very lucrative; would just like to go about it in an educated manner...

[Chicagotarsier]

I consider myself very smart when investing in stocks...don't do it.
I consider myself very smart considering 401Ks....don't do it.

Nothing legal is worth investing in as listed above. MJ will be the most regulated item ever in the USA. Only profitable to the tax man.

I will give you a tip. In 10-15 yrs you will be a rich man f you follow it. Go buy 3 houses between Atlanta and TN in like Calhoun, Dalton, etc. FOr 20-30k you can get a decent place that is rentable. Rent the 3 places for 3 years and add a house every year witht he rent proceeds. You have to do maint work yourself or it ill not be profitable. This is the hotbed for people moving from Chicago, Detroit, etc places in the north overan with undesirables.

In 10 years you will have 10 places netting you 3-400 profit a month. More than enough to live on comfortably and easy enough to avoid the tax man.

I had 3 great businesses in the USA taking home 5 digits starting with a 2 every month profit. If I got AMerican minorities to work the risk management was just too dang high and not cost effective. If I got Mexicans to work I was hassled by lobby groups for not hiring "Americans". Said F it and now in Asia where people can take directions and show up everyday and on time. Too much BS in the legal side of things.

[musclestack]

I consider myself very smart when investing in stocks...don't do it.
I consider myself very smart considering 401Ks....don't do it.

Nothing legal is worth investing in as listed above. MJ will be the most regulated item ever in the USA. Only profitable to the tax man.

I will give you a tip. In 10-15 yrs you will be a rich man f you follow it. Go buy 3 houses between Atlanta and TN in like Calhoun, Dalton, etc. FOr 20-30k you can get a decent place that is rentable. Rent the 3 places for 3 years and add a house every year witht he rent proceeds. You have to do maint work yourself or it ill not be profitable. This is the hotbed for people moving from Chicago, Detroit, etc places in the north overan with undesirables.

In 10 years you will have 10 places netting you 3-400 profit a month. More than enough to live on comfortably and easy enough to avoid the tax man.

I had 3 great businesses in the USA taking home 5 digits starting with a 2 every month profit. If I got AMerican minorities to work the risk management was just too dang high and not cost effective. If I got Mexicans to work I was hassled by lobby groups for not hiring "Americans". Said F it and now in Asia where people can take directions and show up everyday and on time. Too much BS in the legal side of things.

Are you saying to buy houses in areas that have a bunch of undesirables? And buy them outright? Why not just take a mortgage out on them so I can offset my taxes? And if that were the case, I could buy 10 units right now, putting 20-30% down on each house.

I was using $100,000 as an example. If I found a lucrative investment, I'd throw more than that into it. Even buying these houses for $25,000 outright, would be do-able. But you're saying I would be rich with 10 units? Given the numbers you provided, that would gross roughly $4000/month (being optimistic), OR $48,000/yr....hardly what I would consider rich. Factor taxes in, which will be much higher considering I would own them outright, and you're probably looking at around $36,000/yr. $36,000 net income per year to manage 10 households doesn't really seem like a wise choice, let alone make me rich...unless, of course, I hired a property management company to take care of them, but that would eat into my profits even more.

Unless I'm missing something??

[musclestack]

I consider myself very smart when investing in stocks...don't do it.
I consider myself very smart considering 401Ks....don't do it.

Nothing legal is worth investing in as listed above. MJ will be the most regulated item ever in the USA. Only profitable to the tax man.

I will give you a tip. In 10-15 yrs you will be a rich man f you follow it. Go buy 3 houses between Atlanta and TN in like Calhoun, Dalton, etc. FOr 20-30k you can get a decent place that is rentable. Rent the 3 places for 3 years and add a house every year witht he rent proceeds. You have to do maint work yourself or it ill not be profitable. This is the hotbed for people moving from Chicago, Detroit, etc places in the north overan with undesirables.

In 10 years you will have 10 places netting you 3-400 profit a month. More than enough to live on comfortably and easy enough to avoid the tax man.

I had 3 great businesses in the USA taking home 5 digits starting with a 2 every month profit. If I got AMerican minorities to work the risk management was just too dang high and not cost effective. If I got Mexicans to work I was hassled by lobby groups for not hiring "Americans". Said F it and now in Asia where people can take directions and show up everyday and on time. Too much BS in the legal side of things.

I'd also like to know more about why you don't think investing in MJ companies would not be lucrative. I have only started to do my research on it, but it seems as though many experts expect it to be a billion dollar industry before the year 2020. I wouldn't mind being 'part-owner' of one of those companies, especially while shares in those companies are still relatively cheap to come by.

Your thoughts?

[Times Roman]

retire

[Sicko]

IMHO, I would go against the grain here and suggest that take 75% of your money and invest it in a whole life insurance policy, single premium policy. Then use all the dividends to go either in your cash value or go into paid up additions. If something happens to you your family will get the money tax free. It grows at a guaranteed basis, maybe not a lot but its a for sure thing. It's 100% safe and totally free from any creditors no matter what happens to you, ie bankruptcy. Even divorce, well depending if your not in a few states, if your not already married. If single your fine. There is no down side other than the commission. Great retirement tool since you can borrow against the cash value but don't do this until you actually need to retire.

25% left. So you have 25K, put 10K in a saving account for emergencies only. And use the rest to invest. Real estate is good. Depending on where you live you can buy a house for 30K so you can pay half down. Then you rent it out. Get the lowest term note that the payments will be less than rent. Then you use the rent to pay off the house and what ever the difference is you put in an account for repairs on the house. When the house is paid off and you have built up money for another home you do it again. If you start when your young you will be wealthy when you retire. Both off the rental income and insurance cash value.

That is the safest way to roll. If you want more risk and better rewards . . . invest in companies that sell marijuana in Colorado and Washington. Within 15 years it will be legal in all 50 states. Well maybe more like 45 when you have Utah and a few other conservative states. Only do the companies that do R&D towards Medical Marijuana.

For the MODS . . . I am not talking req drugs nor do I endorse them so I don't think I broke the rules.

Wow!! Where the heck do you live that you can find a house for 30k?
That would only buy you a 2722.5 sq. ft. empty lot in the desert if you were lucky here in SoCal.

[Rwy]

I'm interested in learning more about the marijuana company stocks. I don't have any experience investing in any stocks (apart from mutual funds, which my financial advisor helps me with). Does anyone have any literature on how to go about this? Which companies are the best to invest in? It sounds like it could be very lucrative; would just like to go about it in an educated manner...

I am in real estate and used to flip during the boom. Its to much of a hassle at least in NY becuase I dont have the proper tools. I can get into a little bit more if you like at some point over the weekend. Just pretty tied now. Pot stocks are all pump and dump because you are not allowed to even keep the money from pot sales in a federal bank.

There was a special on Cnbc about pot in Colorado a few months ago. ONe of the segments was a vapor contraption. This stock went from 3 bucks to 40 in a matter of days and if you looked at when the repeats aired you would have more viewers buying until the floor feel out and reality came back in play. Thats how it is with pot stocks. If you know the right ones you can make some cash but its super risky

[Rwy]

I'd also like to know more about why you don't think investing in MJ companies would not be lucrative. I have only started to do my research on it, but it seems as though many experts expect it to be a billion dollar industry before the year 2020. I wouldn't mind being 'part-owner' of one of those companies, especially while shares in those companies are still relatively cheap to come by.

Your thoughts?

He has no clue what he is talking about. The biggest gain in stocks this year are pot stocks.

[reporich]

Compounding Pharmacy!