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Re: Investment ideas
[Re: Keystonekiller]
#7903515
07/11/23 12:08 PM
07/11/23 12:08 PM
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Joined: Feb 2020
Indiana
Providence Farm
trapper
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trapper
Joined: Feb 2020
Indiana
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Lately I have been "investing" In Bee keeping equipment. Probably at least that amount in the last 4 years. Am yet to break even butcould be close if I quit expanding. Next year I hope to recover all my cost and double my invested amount.
I have also been paying off a rent house mortgage. Had 9 years left working on doing it in less than 2. Interest rate on it is high at 7.1 so paying it off is saving money I think.d
I also have 29k sitting in a savings account I unt doing nothing and think I should put half of it into something but not sure what. I thought some ladder cds due to avaliablity to access funds if needed. But would like better returns . I have been expecting a down turn thet never seems to happen to buy on the dip
I'm watching with Keen intrest becuse I'm not sure what to do myself and so I do nothing.
Last edited by Providence Farm; 07/11/23 12:38 PM.
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Re: Investment ideas
[Re: Keystonekiller]
#7903546
07/11/23 01:02 PM
07/11/23 01:02 PM
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Joined: Jan 2015
N MN
DHH
trapper
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trapper
Joined: Jan 2015
N MN
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Find a broker that will work with smaller investments that you feel comfortable with . Buy stocks in proven companies when there undervalued , sell them on the run-up . Rinse and repeat
I'd Rather Try And Fail Then Not Try And Succeed
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Re: Investment ideas
[Re: Keystonekiller]
#7903547
07/11/23 01:02 PM
07/11/23 01:02 PM
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Joined: Jan 2023
WA/AZ/NE/IA
DVinke
trapper
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trapper
Joined: Jan 2023
WA/AZ/NE/IA
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Buy, sell and trade goods. It is work but returns are there for the picking. Usually try for 100-200% on stuff under 200 33-100 after that. Sometimes thing will need attention to get ready for marketing.
Every year before berry harvesters arrive find cheap cars. In the winter Shop for boats in my area
My wife has a 45,000 and a 20,000 painting she got for 400 because she knows art and love to thrift store (But she loves art and does not want to sell)
Today is a gift, that is why it is called the present (rip my friend)
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Re: Investment ideas
[Re: Donnersurvivor]
#7903561
07/11/23 01:26 PM
07/11/23 01:26 PM
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Joined: Jan 2023
WA/AZ/NE/IA
DVinke
trapper
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trapper
Joined: Jan 2023
WA/AZ/NE/IA
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Buy a mini van and start a gardening business, or a stump grinder and grind stumps on weekends, buy some wholesale trees this fall on clearance and sell/install them in the spring.
Basically, invest in yourself Basically invest in yourself!
Today is a gift, that is why it is called the present (rip my friend)
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Re: Investment ideas
[Re: mike mason]
#7903742
07/11/23 05:37 PM
07/11/23 05:37 PM
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Joined: Nov 2012
midland, michigan
midlander
trapper
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trapper
Joined: Nov 2012
midland, michigan
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Vanguard S&P 500 Index fund. This is a good option, especially since you are looking at the long haul and are a novice at investing....as you learn more, you will be able to pick some quality mutual funds that beat index funds. I recommend to start reading and learning about investments for yourself....its ok to get advice from others, but ultimately , its your money and YOU need to be able to make wise decisions with it.
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Re: Investment ideas
[Re: Keystonekiller]
#7903781
07/11/23 06:23 PM
07/11/23 06:23 PM
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Joined: Jan 2007
Wisconsin
Lance Squires
trapper
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trapper
Joined: Jan 2007
Wisconsin
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Talk to a professonal financial advisor. Buying individual stocks is very risky and those in the business seem to know what changes are coming long before the normal person does.
57 years trapping. It's who I am. Every day is still as exciting as it was when I was a kid but a little more work.
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Re: Investment ideas
[Re: stinkypete]
#7903840
07/11/23 07:17 PM
07/11/23 07:17 PM
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Joined: Oct 2011
Edenton, North Carolina
trapperdan93
trapper
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trapper
Joined: Oct 2011
Edenton, North Carolina
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If you want to invest your money. Currently a plain old money market savings account is 4.25 to 5%. Open yourself up an investing account. Lots of free tutorials. To learn from. Warren Buffett famous quote. The best investment is in yourself!!!!! Good Luck to you. Wish you the best. Wish I could find a money market with that kind of return!
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Re: Investment ideas
[Re: trapperdan93]
#7903907
07/11/23 08:51 PM
07/11/23 08:51 PM
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Joined: Jan 2007
MD
DaveP
trapper
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trapper
Joined: Jan 2007
MD
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If you want to invest your money. Currently a plain old money market savings account is 4.25 to 5%. Open yourself up an investing account. Lots of free tutorials. To learn from. Warren Buffett famous quote. The best investment is in yourself!!!!! Good Luck to you. Wish you the best. Wish I could find a money market with that kind of return! Google Money market highest rates July, you'll find them
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