Managed to save 160k with no skill and have no idea what to do with it.

[MISCERZ]

Not a brag thread. Srs.

Lived in Vancouver for 10 years and kept flipping condos I lived in after 1 or two years.

Managed to save 160k.

I want to do something with it (business/investment) but have no idea what to do. I don't even consider myself successful.

I had luck the entire time. Now I want to use it and it's driving me crazy what to do with it. Not a business man. Know nothing about stocks. No nothing about investments.

Any idea where I can turn?

[Canadas_elite]

srs, you had a business and you managed to save that much money you obviously know how to be financially in the positive lol we need YOU to give us advice we broke cuzz

[jwlee7ucla]

Not a brag thread. Srs.

Lived in Vancouver for 10 years and kept flipping condos I lived in after 1 or two years.

Managed to save 160k.

I want to do something with it (business/investment) but have no idea what to do. I don't even consider myself successful.

I had luck the entire time. Now I want to use it and it's driving me crazy what to do with it. Not a business man. Know nothing about stocks. No nothing about investments.

Any idea where I can turn?

why don't you get better at what you are currently doing instead of learning something brand new

[MISCERZ]

srs, you had a business and you managed to save that much money you obviously know how to be financially in the positive lol we need YOU to give us advice we broke cuzz

Everybody in Vancouver made money. It involves no skill to own and sell a house and make 20/30k.

The market is chit now and I can see the bubble bursting or at least topping out.

[4EverrBulking]

Send it to me brah

[MISCERZ]

why don't you get better at what you are currently doing instead of learning something brand new

Because what I'm doing isn't a skill. It's riding a wave of housing prices that are increasing, but have flat lined recently.

[OnDatPhaggyTyme]

I can tell you what to not do, and that's invest in another miscer's startup

[Vishca]

160k?

Lock 150k now on gold (just go to a bank, tell em you have cash and want to invest in gold (if you don't understand Y gold then you literally have a mental disadvantage (srs))

Be happy that your cash is on gold, live your life, let the price go up, don't panic if you at some point get under 150K gold is one of the soul investments that can't go wrong in the long run srs

be patient, and see the other 10k as a lil' reward for you bein' patient, idk get a new TV or something ( a very nice one, you've earned it) also, pay the commission of the bank clerk and your booky with the 10k

and just keep doin' what you're doing cuz money will never make you happy, keep savin' till you can buy a lil house or something. (and yes puttin' your cash on gold is technically also savin') (TO BE CLEAR TALKIN' BOUT GOLD STOCKS NOT ACTUAL GOLD CUZ YOU DONT WANNA GET ROPED) and let the worryin' bout the status of the gold stock be done by the all the billionaires who have MILLIONS invested in gold, and you can see yourself as a freeloader.

[MISCERZ]

I can tell you what to not do, and that's invest in another miscer's startup

That's the sad part about the MISC.

If we had a forum where people could have serious conversations I bet a lot of us could work together to generate ideas, businesses and income.

Lots of very smart people on here.

[jwlee7ucla]

Because what I'm doing isn't a skill. It's riding a wave of housing prices that are increasing, but have flat lined recently.

Picking Good property is a skill. Enroll yourself into a class and learn it. Just because bubbles bist doesn't mean you so making money

[jwlee7ucla]

160k?

Lock 150k now on gold (just go to a bank, tell em you have cash and want to invest in gold (if you don't understand Y gold then you literally have a mental disadvantage (srs))

Be happy that your cash is on gold, live your life, let the price go up, don't panic if you at some point get under 150K gold is one of the soul investments that can't go wrong in the long run srs

be patient, and see the other 10k as a lil' reward for you bein' patient, idk get a new TV or something ( a very nice one, you've earned it) also, pay the commission of the bank clerk and your booky with the 10k

and just keep doin' what you're doing cuz money will never make you happy, keep savin' till you can buy a lil house or something. (and yes puttin' your cash on gold is technically also savin') (TO BE CLEAR TALKIN' BOUT GOLD STOCKS NOT ACTUAL GOLD CUZ YOU DONT WANNA GET ROPED) and let the worryin' bout the status of the gold stock be done by the all the billionaires who have MILLIONS invested in gold, and you can see yourself as a freeloader.

This is an absolutely stupid idea. Gold prices go up and down and it's clear you are under the assumption that is a sure win, when it's not.

Edit: the best thing to do investmentwise is to find a pro to trade your money for you and let him take % if the profits for his services. This is if you do zero work yourselves

[TR88]

if something works, don't try and fix it brah, just expand

flip 2x the properties, then 5x then 10x

[pollywogpriest]

can i give you my paypal?

[millionair]

Drop it all on oil shares.

Or wait for an opportunity to present itself to you.

[doughnutking]

Keep flipping condos.

[Canadas_elite]

paypal me 400$..I'm not greedy

[pWally]

Invest in energy stocks ffs

It's been a black friday sale on oil companies for the past month

Buy giants like CVX, XOM, COP, BP, etc if you're scared. They all pay juicy dividends

[PastorGaines]

Put it in a mutual fund first, and then put it as a down payment on a house and rent it out

[doughnutking]

160k?

Lock 150k now on gold (just go to a bank, tell em you have cash and want to invest in gold (if you don't understand y gold then you literally have a mental disadvantage (srs))

be happy that your cash is on gold, live your life, let the price go up, don't panic if you at some point get under 150k gold is one of the soul investments that can't go wrong in the long run srs

be patient, and see the other 10k as a lil' reward for you bein' patient, idk get a new tv or something ( a very nice one, you've earned it) also, pay the commission of the bank clerk and your booky with the 10k

and just keep doin' what you're doing cuz money will never make you happy, keep savin' till you can buy a lil house or something. (and yes puttin' your cash on gold is technically also savin') (to be clear talkin' bout gold stocks not actual gold cuz you dont wanna get roped) and let the worryin' bout the status of the gold stock be done by the all the billionaires who have millions invested in gold, and you can see yourself as a freeloader.

lol... This is beyond stupidity

[HairyMerkin]

Lots of very smart people on here.

There's also a lot of 60 IQ people, but because it's the internet they think their ideas are as good as anyone else.

[doughnutking]

And don't buy oil.

Do what you do best, buy houses.

[ON3amongTH3M]

Buy a house, 50k down payment + do some renovations, rent out the basement as 1 bedroom they pretty much pay your mortgage plus some bills, then become a Realtor because apparently your good at it.

[MISCERZ]

Buy a house, 50k down payment + do some renovations, rent out the basement as 1 bedroom they pretty much pay your mortgage plus some bills, then become a Realtor because apparently your good at it.

A house in Vancouver is a million dollars minimum.

[RocknRollMuscle]

How did you make that $160k? Can you duplicate it or find opportunity in what you already did?

If not:

I assume you want to take $160k and make it into $1.6M.

Hard to give advice because we don't know you. Your connections, skills, desires, strengths, experience, etc.

So

1) What skills/exp do you have if anything?
2) What rich people/companies do you know?
3) What business connections do you have?
4) What family business connections do you have?

Making money is ALL ABOUT (that bass) finding those with money, finding out what their challenges/problems are, then presenting a solution to that. B2B.

B2C is 10x harder and involves having a storefront, marketing budgtet, etc. to reach consumers. There's ebay and starting a website if you want to make poverty.

B2G is also big profits, but you better be friends with a senator. Govt puts up huge amounts of red tape to keep the little guys out.

[Vishca]

This is an absolutely stupid idea. Gold prices go up and down and it's clear you are under the assumption that is a sure win, when it's not.

Edit: the best thing to do investmentwise is to find a pro to trade your money for you and let him take % if the profits for his services. This is if you do zero work yourselves

lol... This is beyond stupidity

LOL kk, look at gold prices right now, come back in ten years ***got.

This is a good idea if you can take the risk and wait it out for 10 years..

No investement is a 100% safe (ESPECIALLY IN THE CURRENT MARKET), but you can bet that gold is one of the safest in the long run, LMFAO do you even history? do you even humans? do you even know why i said gold?

Gold is rare, and we humans already know that for tens of thousands of years, and to this day, gold is still very high in demand...

lmao, ok i'm stupid you're smart. rofl, try to have some cash in the bank, then start thinkin' bout serious investments kk thx.



Before you uneducated brats open your mouth, use google, and look some **** up.

Who do you think owns all the gold? the public? the grand mass? the hoi polloi?

some people... :L

putting your cash on gold = safe in the long run if you disagree then you're born retarded. (in our current market its probably even safer then any current currency, (going from US dollar, to the Euro) because of der "currency wars" ESPECIALLY in the long run

Not sure if srs that i even had to defend this.

[LatinoSlayer91]

10 years and you only have 160k

Donate the money to your children and off yourself man

[pggopher]

Invest in energy stocks ffs

It's been a black friday sale on oil companies for the past month

Buy giants like CVX, XOM, COP, BP, etc if you're scared. They all pay juicy dividends

THIS, or look into investing in MLP's.

[MISCERZ]

How did you make that $160k? Can you duplicate it or find opportunity in what you already did?

If not:

I assume you want to take $160k and make it into $1.6M.

Hard to give advice because we don't know you. Your connections, skills, desires, strengths, experience, etc.

So

1) What skills/exp do you have if anything?
2) What rich people/companies do you know?
3) What business connections do you have?
4) What family business connections do you have?

Making money is ALL ABOUT (that bass) finding those with money, finding out what their challenges/problems are, then presenting a solution to that. B2B.

B2C is 10x harder and involves having a storefront, marketing budgtet, etc. to reach consumers. There's ebay and starting a website if you want to make poverty.

B2G is also big profits, but you better be friends with a senator. Govt puts up huge amounts of red tape to keep the little guys out.

I'm a licensing officer for the Ministry Of Child and Family development. My GF is about to become a social worker. We make a good living.

No business experience.
No rich friends.
No business connections.

[DSTEE]

I want to do something with it (business/investment) but have no idea what to do. I don't even consider myself successful.

You can try to get into venture capitalism

[MISCERZ]

You can try to get into venture capitalism

I don't think o have enough money to do that.