KoreanHockeyFan Posted April 10, 2014 Share Posted April 10, 2014 So I know there are many people on these boards who know a thing or two about money, so I guess this thread is directed towards you guys. I've accumulated some money that I don't see myself using in the immediate future and I don't want it sitting in my savings account at a low rate of return. Right now, I have some money in a mutual fund TFSA, and I can easily start pumping more money into this, but I've made this thread to see other possible options. I hear diversifying your investments is good? Mind you, I don't have a lot of money, I'm still a college student, but I just want to get into this stuff and get familiar with ways to get my money to do some work. I've heard things about gold, silver, etc, government bonds. Anything more, and worth investing in? Link to comment Share on other sites More sharing options...
Del Rio Posted April 10, 2014 Share Posted April 10, 2014 Property. Link to comment Share on other sites More sharing options...
Piggy Bank Posted April 10, 2014 Share Posted April 10, 2014 porn Link to comment Share on other sites More sharing options...
Dr.Strangelove Posted April 10, 2014 Share Posted April 10, 2014 I've always invested in Gold coinage such as the Canadian one ounce gold Maple leaf and gold,silver and platinum bullion. Also as an abstract investment Miitary medals especially German ww2 an be a great idea IF you know what you're doing. Also property is a good idea if you have the money to do so. Link to comment Share on other sites More sharing options...
aeromotacanucks Posted April 10, 2014 Share Posted April 10, 2014 porn yeah. this is normally a fast and funny way to get money... Link to comment Share on other sites More sharing options...
-AJ- Posted April 10, 2014 Share Posted April 10, 2014 porn Waste of both time and money. Link to comment Share on other sites More sharing options...
aeromotacanucks Posted April 10, 2014 Share Posted April 10, 2014 Waste of both time and money. actually the porn industry can make a lot of money... I´m not talking about videos only. see how many people look for the service? some pimps make huge money... Link to comment Share on other sites More sharing options...
Dion Phaneuf Posted April 10, 2014 Share Posted April 10, 2014 Property. Lots of money to be made. Stock trading (not investing) is a decent option but lots of risk involved. Start off with a small amount and see if stock trading is for you. Extremely time consuming imo and I only traded for about a year before I "gave up" although I did quit with a good profit. Link to comment Share on other sites More sharing options...
-AJ- Posted April 10, 2014 Share Posted April 10, 2014 actually the porn industry can make a lot of money... I´m not talking about videos only. see how many people look for the service? some pimps make huge money... I know people who supply it can make loads, but viewing/watching it is a waste of time and money. I suppose I assumed the poster mean viewing/watching it, which I guess wasn't necessarily the case. Link to comment Share on other sites More sharing options...
Madness Posted April 10, 2014 Share Posted April 10, 2014 Real estate. Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted April 10, 2014 Share Posted April 10, 2014 When I want to make an investment or need advice on relationships or medical issues the 1st place I go is to this forum too. Link to comment Share on other sites More sharing options...
surtur Posted April 10, 2014 Share Posted April 10, 2014 Give it ti me I guarantee a 40% return on your investment.. Don't listen to that old lady on tv. I give you my word. I am actually interested in investing also but am limited in time and knowledge of the subject. Hugh interest savings accounts are a joke and nothing the banks offer seem worth the effort. My high interest savings accountil went from 4% a few years ago to 0.1 % lol how they can call it high interest is beyond my comprehension . Link to comment Share on other sites More sharing options...
KFBR392 Posted April 10, 2014 Share Posted April 10, 2014 stock trade with your tfsa.just throw your money at air canada... then sell it a week later... then buy it again a week laterrinse and repeat. Link to comment Share on other sites More sharing options...
Ghostsof1915 Posted April 10, 2014 Share Posted April 10, 2014 Guns, Food, Oil Link to comment Share on other sites More sharing options...
King Heffy Posted April 10, 2014 Share Posted April 10, 2014 Big pharma Link to comment Share on other sites More sharing options...
ilduce39 Posted April 10, 2014 Share Posted April 10, 2014 I've always invested in Gold coinage such as the Canadian one ounce gold Maple leaf and gold,silver and platinum bullion. Also as an abstract investment Miitary medals especially German ww2 an be a great idea IF you know what you're doing. Also property is a good idea if you have the money to do so. I used to have a bunch of gold coins that my grandfather bought me when I was growing up! I sold em (all but the first) recently to help with the down payment on my place. #twinsies Also, you should invest in IlDuce's patented million-dollar-idea - a website that allows you to enter whatever random ingredients you have in your house and be presented with a list of recipes of things you could potentially make. Brilliant! Edit: I call it "whatthehellcanimake.com" Link to comment Share on other sites More sharing options...
LostViking Posted April 10, 2014 Share Posted April 10, 2014 If you are still in college, consider going with an investment that stays liquid (meaning you can extract your cash quickly if needed). When you don't have much, it is far more financially beneficial to have money available than to make a decent return. The way I invested right after college was to load up my credit card with my savings and then make purchases for my work and have them reimburse me. I was working A/P so I had a pretty good idea how financially healthy the company was (ie. made sure there was no chance I wouldn't get my money back) and I also knew how fast people got paid back when they needed a reimbursement. I only had 9k saved at the start of it, but was able to load that much onto my credit card twice a month, and got 1% cash back on all purchases, that was a total of 24% per year compounded bi-monthly. Best part was at any time I could get my money back in my bank account simply by asking my boss to sign a cheque for me (my job was to print cheques, so I could do that part myself), so when I needed to buy a new car it took a couple days and my money was in my own hands again. Just make sure you know who you're dealing with before you start paying someone else's bills. Link to comment Share on other sites More sharing options...
Del Rio Posted April 10, 2014 Share Posted April 10, 2014 Gamble it. Take 2000 grand put it on red or black, you can double your money in 30 seconds on roulette. Almost a 50/50 chance, can't go wrong. Link to comment Share on other sites More sharing options...
KoreanHockeyFan Posted April 10, 2014 Author Share Posted April 10, 2014 When I want to make an investment or need advice on relationships or medical issues the 1st place I go is to this forum too. That's a lot more serious then looking for ideas on how to use a couple thousand dollars. Link to comment Share on other sites More sharing options...
Baka Posted April 10, 2014 Share Posted April 10, 2014 Plastic surgery then seduce a filthy rich person. Link to comment Share on other sites More sharing options...
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