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This has to be the most hated of the stupid questions asked here. After all, It's first on the FAQ of what not to ask.

Updated - 1/30/06 - Obviously much of this thread is to be taken tongue-in-cheek but as per sloth911's idea, click here for the best risk-free yields.

Most questions people ask on this topic are for amounts of money as follows:

$500 - Just barely enough to ask the question. Get busy and go earn some more sign up money from the banks.

$2000 - OK, you're ready to begin. Just don't expect too much from your wad of cash. Edit: You can open an MB Trading account if your income is over 50k/yr. and your liquid assets meet their minimums. -thanks didYOUsearch and vinhboy
Otherwise I recommend Scottrade or Firstrade.

$5000 - With 5k you could actually open a Freetrade account Edit: Guess this one is out. Oh well, you're probably better off sticking it in the bank or buying Vanguard index funds anyway. -Thanks svnd

$20,000 - Alright, you've moved up to 5 digit money here, still not enough to start a hedge fund though.

$40,000 - Enough cash to get started in real estate. Maybe go get yourself a deal on owner occupied financing for a fourplex.

$100,000 - Six digits. This is getting exciting. Anything above this and you have to be careful how you put it into the bank to keep it all FDIC insured. Of course we all know banks don't ever go under.

$250,000 - A quarter of a million. We don't get as many questions about this amount. Maybe by the time you get this much, you have a good idea of what to do with it. I would guess that if you were willing to risk it, this could get you started on a good sized business.

$1,000,000 and up - They say a million's not what it used to be. That's OK, if you don't want it, I'll sure help you out <img src="i/expressions/face-icon-small-wink.gif" border=0> At this level you could get into some serious real estate investment or even open your own franchise. You might have to wait until you have $3-6M to start a Krispy Kreme or a Starbucks though.

Most of the answers they get go something like: "put it in ING and shut up."

I think that more creative ideas would be interesting. Capital can be spent, given away, or invested. Why not come up with some creative ways to do this? I personally like David Brin's ideas for philanthropy of the future. I'll award points for ideas that go beyond the basics here. If you can think of ways to spend, invest, and gift the money in combination you might get extra points. Otherwise, feel free hate away.

Edit

Everybody's ideas so far:

46c - DamnoIT said: [Q]Collect 4 cents, buy a Coke and a Smile

$500 - exigent said: [Q]Buy a lawn mower and a can of gas. Start knocking on doors in your neighborhood and offer to mow their lawn for $XX.XX (obviously, the price depends on your locale and the size of the lawn). Buy more gas. Repeat.

fatcool said: [Q]If you have below 500$ in hand. Buy some clearance paint cans from Sears at 10.00 around.
100$ Buy one of those as seen on TV ladders from Sears that fit in your trunk for 169$. Buy 3 Wagner power roller for 30$. Pick up two guys from Laborready at 100$ per day. Offer them extra 40$ if they finish the job the same day.
Walk to few small homes offer to paint exterior for 900$ in one day. Get done in 6 hours or less and make 500 profit on the spot.

inventme said: [Q]Start an eBay business selling homemade crafts from people in the neighborhood (flies, jigs, etc. for fishing). Go to local Salvation Army or similar store and buy cheap donated furniture that you take, reupholster with fabric store stuff, and sell for profit. Do a window washing business for homeowners/small businesses @ $5-$10 a window.

ilovecoffee said: [Q]For anyone with 500.xx Why not open an account at scottrade.com (min. amt. req. to open an accnt. is 500 USD) and buy some commodities, or stock at a 5 yr low . your earnings will probably be modest, but you never know. and remember with all these ventures, there is always the chance of losing money.

$1000 - inventme said: [Q]I'm not suggesting you do this officially, but say one purchased an MSDN license and then sold software installations to friends and family for $50-$100 a pop. MSDN subscription runs $1k a year (I think) and you get 10 installations per program per license. Again, I'm not sure of the legality of this, just brainstorming.

$2000 - inventme said: [Q]Buy some lawnmowers and weedwackers, hire neighborhood kids, and farm them out to mow lawns. Contact real estate agencies & banks and provide cleanup services for repo-ed properties or yard maintenance for current listed properties.

$5000 - Oakley087 said: [Q]Another idea is flipping cars for a profit at the under $5000 mark.

inventme said: [Q]Start a traveling spyware cleanup business or paper shredding business.

$20,000 - exigent said: [Q]Buy a totally pimped out Honda Civic and drag race for dollars.

inventme said: [Q]Buy a tropical ice or java shack and setup shop in front of WalMart.

$100,000 - inventme said: [Q]Dumping or moving service

$250,000 - gnhcxr said: [Q]I was just about to start a UPS store business with about $200k capital.

inventme said: [Q]Do the K-Mart thing. What's that? Look at the guy bought K-Mart while it was in bankruptcy. He got it on the cheap and now is just cash flowing the sucker (~2B a year) by streamlining its operations, minimizing inventory, etc. Basically, find a business for sale with poor cash flow numbers. You'll usually find that the owner has been bleeding it by wasting money on stupid expenditures. Buy it and make it effecient to get a year or two of good cashflow. This will bring your sales price multiple way up and will usually net you $50-$200k.

$1,000,000 - inventme said: [Q]Invest in the commodity index. Demand for raw materials is just going to keep rising with undeveloped countries coming on line and getting to where the US is. Also, farm land is disappearing to expansion and with the crazy weather happening due to global warming, we're in for some good crop loss IMHO.

$2,000,000 - inventme said: [Q]Sit on a 5% CD and live off a 100k a year salary.

So far the last one sounds best to me <img src="i/expressions/face-icon-small-happy.gif" border=0>

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pwiddy said: <blockquote><hr>anybody have any experience with amt-free municipal funds? for around the 500k range...not ... (more)

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justin<br><hr></blockquote><br>i have one similar to this<br>have heard of people that have to have the newest cars out ... (more)

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Nice post. Another idea is flipping cars for a profit at the under $5000 mark.

Nice post, OP. Thanks! I was just about to start a UPS store business with about $200k capital. I didn't look much into Starbucks because there are already 4 SBUX in my area all within walking distance from my home.

Not to be too off-topic, does it really cost that much ($3-6M) to open up a SBUX?

EDIT: extracted from starbucks.com:

Q: Does Starbucks franchise?
A: No, Starbucks does not franchise to individuals.

I always thought SBUX franchise...??

Good post OP, A good one after a long time on FWF, I gave u some green <img src="i/expressions/face-icon-small-happy.gif" border=0>.

I agree there's money to be made buying and selling cars. Just be sure to find out what your state's limit is on the number you can sell per year without a dealers license. I think its about seven most places.

Yeah, Starbucks is really picky who they will grant a franchise to. You have to have a prime location and they usually want you to already be grossing $1 million plus before they will consider letting you use their name.

Can someone confirm this for CA?


Bycracky said: [Q]I agree there's money to be made buying and selling cars. Just be sure to find out what your state's limit is on the number you can sell per year without a dealers license. I think its about seven most places.

optical said: [Q]Can someone confirm this for CA?
LOL. In a thread about how annoying requests for spoonfeeding are, a guy asks to be spoonfeed.

Go to the CA DMV website and find out. Should take about 30 seconds.


Bycracky said: [Q]I agree there's money to be made buying and selling cars. Just be sure to find out what your state's limit is on the number you can sell per year without a dealers license. I think its about seven most places.
Sales tax kills this without a dealers license, doesn't it?

That's probably why open titles aren't looked highly upon by the DMV I'd guess...

gnhcxr said: [Q]Nice post, OP. Thanks! I was just about to start a UPS store business with about $200k capital. I didn't look much into Starbucks because there are already 4 SBUX in my area all within walking distance from my home.

So did you ever start the UPS store or it was just a plan? I'd be interested in knowing more, just curious.
-clegg

clegg said: [Q]gnhcxr said: [Q]Nice post, OP. Thanks! I was just about to start a UPS store business with about $200k capital. I didn't look much into Starbucks because there are already 4 SBUX in my area all within walking distance from my home.

So did you ever start the UPS store or it was just a plan? I'd be interested in knowing more, just curious.
-clegg

I don't think that "just about to" meant within the next 2 hours <img src="i/expressions/face-icon-small-tongue.gif" border=0>

At one point i was interested in the UPS Store idea, but the idea of buying into a franchise and paying all these fees for the franchise name, etc, it seem like a lot of hardwork and the chance of suceeding was low, and whether you suceed or not, UPS win, buying a franchise from what i concluded was simply buying a job, i can find a job no problem w/out having to pay for one, so i passed on the idea of buying into any franchises

great post. we need more people like you.

Thanks OP. You may want consider the purpose of this money, time horizon, tax implications, and tolerable risk levels. Just a friendly suggestion.

I have 46 cents extra. I note that your thread doesn't address that.

<img src="i/expressions/face-icon-small-happy.gif" border=0>

StevenColorado said: [Q]I have 46 cents extra. I note that your thread doesn't address that.

<img src="i/expressions/face-icon-small-happy.gif" border=0>

Collect 4 cents, buy a Coke and a Smile

Thanks Steven, I collected my smile off your post.

Here's $0.02 for you.

StevenColorado said: [Q]I have 46 cents extra. I note that your thread doesn't address that.

<img src="i/expressions/face-icon-small-happy.gif" border=0>
Buy money order in Walmart. It costs 46c sharp.
This may be not a joke <img src="i/expressions/face-icon-small-cool.gif" border=0>

Bycracky said: [Q]Yeah, Starbucks is really picky who they will grant a franchise to. You have to have a prime location and they usually want you to already be grossing $1 million plus before they will consider letting you use their name.

Starbucks doesn't franchise, period.

That's why they're scary, and these reasons on CNBC

good thread

I searched! don't yell at me, ok?? did not find the answer to this, so here goes...

I have $322.00 available to invest. this is not chump change, but less then $500.00

where should I invest this? are there any promotions to make this money more?

sterlingfox said: [Q]

I don't think that "just about to" meant within the next 2 hours <img src="i/expressions/face-icon-small-tongue.gif" border=0>

haha, I know. If he was still contemplating it, I thought he would have said "I am.." as opposed to "I was..."

supertle said: [Q]
At one point i was interested in the UPS Store idea, but the idea of buying into a franchise and paying all these fees for the franchise name, etc, it seem like a lot of hardwork and the chance of suceeding was low, and whether you suceed or not, UPS win, buying a franchise from what i concluded was simply buying a job, i can find a job no problem w/out having to pay for one, so i passed on the idea of buying into any franchises


Franchises are an interesting business proposal. I suppose in the right location and the right business, one could do well but I don't see the freedoms one expects from being self-employed. It seems more like an investment for someone with another profession. Besides having a basic business plan already made and the advantages of a strong marketing presence/brand image...which you don't have to pay for, what else is appealing about a franchise? Not that those two aren't important...

-clegg

veryhungry said: [Q]I searched! don't yell at me, ok?? did not find the answer to this, so here goes...

I have $322.00 available to invest. this is not chump change, but less then $500.00

where should I invest this? are there any promotions to make this money more?
Buy a lawn mower and a can of gas. Start knocking on doors in your neighborhood and offer to mow their lawn for $XX.XX (obviously, the price depends on your locale and the size of the lawn). Buy more gas. Repeat.

Actually, $322 might be cutting it close (no pun intended). This might be better for someone with $500.

Too sarcastic to pin..

exigent said: [Q]veryhungry said: [Q]I searched! don't yell at me, ok?? did not find the answer to this, so here goes...

I have $322.00 available to invest. this is not chump change, but less then $500.00

where should I invest this? are there any promotions to make this money more?
Buy a lawn mower and a can of gas. Start knocking on doors in your neighborhood and offer to mow their lawn for $XX.XX (obviously, the price depends on your locale and the size of the lawn). Buy more gas. Repeat.

Actually, $322 might be cutting it close (no pun intended). This might be better for someone with $500.
If he moves the $322 around in a proper manner, he will have $500+ in about 30 days time, I can't list any of the places, cause FW mods will delete it.

Bycracky said: [Q]You might have to wait until you have $3-6M to start a Krispy Kreme or a Starbucks though.

Does it really cost that much to open a joint like these?

Ok, we've got a huge gap at between $5k and 250k. Got any more good idears?

$20k: Buy a totally pimped out Honda Civic and drag race for dollars.

exigent said: [Q]$20k: Buy a totally pimped out Honda Civic and drag race for dollars.

Lol... I'm going to be doing this as soon as it warms up... quick $100 or more profit from a race thats already set up! ($35,000 sports car vs. my $6,000 car)

Oakley087 said: [Q]exigent said: [Q]$20k: Buy a totally pimped out Honda Civic and drag race for dollars.

Lol... I'm going to be doing this as soon as it warms up... quick $100 or more profit from a race thats already set up! ($35,000 sports car vs. my $6,000 car)

Ok, I gotta ask, what $6,000 car is this? Did you buy it used for $6K? Or get it free and do $6K of modifications to it? Or a combination? Or buy it for $6K and do modifications that only cost your time?

saturn redline > bmw g4

I'll be coming into $10,000 in a few weeks. It's actually a severance package that my company is giving me before they can me.

What would you guys suggest I invest it in? I know the popular answer is to put it in some kind of account that reaps 2-3%, but I was looking for more of a profit than that.

I really want this $10k to last me a long time, because I plan on going back to school for a while and living the life of a student for a few semesters.

SMBDYbyDM said: [Q]

I really want this $10k to last me a long time, because I plan on going back to school for a while and living the life of a student for a few semesters.

You have to ask yourself. Risk VS Security?

To answer your quote: Put it in Emigrant-Direct

I talked the dealer down to 6,000 out the door, which is below what it's worth stock... the car is highly modified but I don't think the dealer knew that. It's a 95 Talon TSi AWD, and the only reason I even bought it was it is completely spotless and it was worth a lot more than what I paid. It should be a low 12 second car... racing a stock 350z.

Oakley087 said: [Q]exigent said: [Q]$20k: Buy a totally pimped out Honda Civic and drag race for dollars.

Lol... I'm going to be doing this as soon as it warms up... quick $100 or more profit from a race thats already set up! ($35,000 sports car vs. my $6,000 car)

I was going to put this idea down at the $100,000 level after watching The Fast and The Furious. However, this is Fatwallet so apparently even SMBDYbyDM has enough money to buy a pimped out bargain and bet $4 grand on it.

$1,000,000 and up.

Invite all your friends on fatwallet to form your own personal posse. Bling me out and I will make sure the chris is chilled and the whip is tight.

Wow, this thread currently has a +34 rating making it the third highest rated active thread.

Perhaps someone could explain the point of this thread since it seems to be lost on me. Is this intended as a serious discussion or a humorous diversion?

Wouldn't choosing investments based on how much money you have to invest be akin to choosing a house based primarily on color? The idea being that investment decisions should be based primarily on investment goals. The amount of money you have available may limit your options within categories of investments but it should be a secondary consideration to more important factors.

TheGrayMan said: [Q]Wow, this thread currently has a +34 rating making it the third highest rated active thread.

Perhaps someone could explain the point of this thread since it seems to be lost on me. Is this intended as a serious discussion or a humorous diversion?

Wouldn't choosing investments based on how much money you have to invest be akin to choosing a house based primarily on color? The idea being that investment decisions should be based primarily on investment goals. The amount of money you have available may limit your options within categories of investments but it should be a secondary consideration to more important factors.

I, too, am somewhat lost for the purpose of this thread. The OP states that the intention is to address questions such as "What to do with my $xxxx" so that nobody asks such questions in dispersed/random posts. Another goal is to delineate creative methods on enhancing such amount of money of various levels.

However, from the "popular" answers being publicized, it does not seem to fulfill such purposes. People who has such genuine concerns would not take these answers seriously. And the creative approaches, as GrayMan pointed out, may mostly fall more on the humorous side than on the practical side.

Nevertheless, the enthusiastic collaboration/participation from many expert FWFers is certainly a great attribute of this thread, changing drastically the pessimistic view of the FWF cold atomoshpere. This, by itself, is a contribution in my mind.

JMHO.


Skipping 85 Messages...
The Solstices seem to be selling for over sticker on eBay still. I've only seen one in real life so far too.



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