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snowparty
Mar 23, 2008
Straight to the point, I have 10k just sitting in my safe. I’d like to put it to work. Tell me ways I can at least double it. I’m not really interested in putting it in a savings account or anything like that with slow return rates. I already have money in savings accounts, 401k, IRA, etc.

I guess I’m looking for a high risk, high reward way of investing. Otherwise it will potentially go to real estate.

Tell me your success stories with investing!

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Taima
Dec 31, 2006

tfw you're peeing next to someone in the lineup and they don't know
Honestly you sound real dumb so just put it in something relatively safe-ish like bonds, no offense

shame on an IGA
Apr 8, 2005

Good news president obama is running a double your money special, just send it to bitcoin address bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh

Schweinhund
Oct 23, 2004

:derp:   :kayak:                                     
Bet on the Sixers to be NBA champs. 20:1 odds. That's $200k.

Canine Blues Arooo
Jan 7, 2008

when you think about it...i'm the first girl you ever spent the night with

Grimey Drawer
Short Tesla.

Moo the cow
Apr 30, 2020

snowparty posted:

I guess I’m looking for a high risk, high reward way of investing.

Heroin trafficking.

Soricidus
Oct 21, 2010
freedom-hating statist shill
Give it to a religious institution, op. If you pick the correct religion then your reward will be an eternity in paradise

mystes
May 31, 2006

snowparty posted:

I guess I’m looking for a high risk, high reward way of investing. Otherwise it will potentially go to real estate.
Start reading https://www.reddit.com/r/wallstreetbets/ and trading Tesla options on Robinhood, but alternatively, now is definitely a great time to buy real estate!

New Yorp New Yorp
Jul 18, 2003

Only in Kenya.
Pillbug

snowparty posted:

I guess I’m looking for a high risk, high reward way of investing.

People always say that because they think the "risk" part won't apply to them, only the "rewards". Then they lose everything and regret it. You're better off choosing a less risky investment strategy that provides modest returns over a long period of time unless 10k is just a trivial, meaningless amount of money to you.

mystes
May 31, 2006

New Yorp New Yorp posted:

People always say that because they think the "risk" part won't apply to them, only the "rewards". Then they lose everything and regret it. You're better off choosing a less risky investment strategy that provides modest returns over a long period of time unless 10k is just a trivial, meaningless amount of money to you.
On the other hand, if 10k is just a trivial, meaningless amount of money to you, consider blowing it on something fun rather than "investing" it (unless you just enjoy gambling).

Iron Chef Ramen
Sep 15, 2007

HA HA! YOU HAVE CHOSEN POORLY!
Give it to Jeffrey. Long term investment in lulz is key.

Doctor Malaver
May 23, 2007

Ce qui s'est passé t'a rendu plus fort
There's a whole forum for that.
https://forums.somethingawful.com/forumdisplay.php?forumid=200

Miss Broccoli
May 1, 2020

by Jeffrey of YOSPOS
Start a payday loan company

Miss Broccoli
May 1, 2020

by Jeffrey of YOSPOS
Break some poor's legs

Breath Ray
Nov 19, 2010
I think you still do that thing where you buy something for 10k then sell it for 10k via paypal then query the payment

PIZZA.BAT
Nov 12, 2016


:cheers:


You’ll have a lot more fun at a casino, op

CannonFodder
Jan 26, 2001

Passion’s Wrench
Tulips.

KOTEX GOD OF BLOOD
Jul 7, 2012

Index funds?

Breath Ray
Nov 19, 2010
im up a cool 34 pence for the week thanks to my Japan Government Bond Index Fund Hedged Accumulation

Hello Sailor
May 3, 2006

we're all mad here

Breath Ray posted:

im up a cool 34 pence for the week thanks to my Japan Government Bond Index Fund Hedged Accumulation

If your fund is worth $370 usd, you're golden

Breath Ray
Nov 19, 2010
its up to 38p now! thats £2500.38 altogether, so yeah about 370 USD

bus hustler
Mar 14, 2019

run a pump & dump on a penny stock

ya dangus
Jul 2, 2006
0 day spy put

SubMerged
Jan 14, 2003

SALT POTATOES

love cal, dave, and jordi
people sell income producing shopify stores - there's at least a few markets for them

although, they require upkeep. and work. but it is an investment

Breath Ray
Nov 19, 2010

SubMerged posted:

people sell income producing shopify stores - there's at least a few markets for them

although, they require upkeep. and work. but it is an investment

tell me more

LloydDobler
Oct 15, 2005

You shared it with a dick.

High risk, high reward? Would you risk it on a coin flip? If so then just go hit a roulette table. It's like 49/51% odds. The trick with gambling is to stop immediately if you win. (don't really have a choice if you lose).

the holy poopacy
May 16, 2009

hey! check this out
Fun Shoe

yeah honestly this is probably plenty spicy for just about any purpose

Madmarker
Jan 7, 2007

You could like talk to a financial planner or accountant or something

ColdPie
Jun 9, 2006

Madmarker posted:

You could like talk to a financial planner or accountant or something

Uh hello? What do you think this thread is? Sheesh.

Gaius Marius
Oct 9, 2012

LloydDobler posted:

High risk, high reward? Would you risk it on a coin flip? If so then just go hit a roulette table. It's like 49/51% odds. The trick with gambling is to stop immediately if you win. (don't really have a choice if you lose).

Naw man never walk away before you've at least doubled your money, if you run outta seed money there's some real friendly guys around who will spot you, most peoples problem with casinos is they give up to early

mystes
May 31, 2006

OP, Bloomberg has a great article for you:

People Fear They’ve Got Too Much Cash in Their Bank Accounts

quote:

For a while, Brian Harrington, 28, had been satisfied with a high-yield savings account at Ally Bank, earning a risk-free 2%. Now, the marketing consultant in Anaheim, California, is planning to convert his remaining $15,000 in savings into bitcoin.

FilthyImp
Sep 30, 2002

Anime Deviant
it's hard to find a good holding place for that much Capital Under Management, but one of the forums posters is pretty good about that.

Wisdom
Nov 28, 2005
High Risk High Reward?

That would be the lottery.

mystes
May 31, 2006

Wisdom posted:

High Risk High Reward?

That would be the lottery.
Only if you take out a loan to buy lottery tickets.

joebuddah
Jan 30, 2005
Gold spot price is trending down for the month. Buy 4 oz of gold futures/ spots.

Weka
May 5, 2019

That child totally had it coming. Nobody should be able to be out at dusk except cars.
How about setting up a cockfighting ring?

Edit: not chickens

Kaal
May 22, 2002

through thousands of posts in D&D over a decade, I now believe I know what I'm talking about. if I post forcefully and confidently, I can convince others that is true. no one sees through my facade.
If the OP had invested $10,000 in Vanguard's VTI fund, rather than posting this thread, he would have bought 61.305 shares that would now be worth $10,459.17.

literally this big
Jan 10, 2007



Here comes
the Squirtle Squad!
$VTSAX and chill

Kaal posted:

If the OP had invested $10,000 in Vanguard's VTI fund, rather than posting this thread, he would have bought 61.305 shares that would now be worth $10,459.17.
this

Kaal
May 22, 2002

through thousands of posts in D&D over a decade, I now believe I know what I'm talking about. if I post forcefully and confidently, I can convince others that is true. no one sees through my facade.

literally this big posted:

$VTSAX and chill

this

It's true, $VTSAX would be a better form for him (it's essentially the same fund, for those who don't know). VTI is just straightforward enough that I can come back every month and easily compare its growth to his potential $10,000 real estate investment (which would be what, a shed?).

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Breath Ray
Nov 19, 2010
the bbc say drop shipping is good https://www.bbc.co.uk/news/technology-53759932

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