investing $500

[Ace in the Hole]

It is a great way to analyse getting an edge.
There's always promos being offered with online betting accounts and you can get clear mathematical advantages, even without hedging bets with another account, but it often helps.
It's a great way to play around with small money and learn to spot opportunities.
I think the lessons learnt carry over into better opportunities when you have a bigger market and more capital to play with.

 

[Richard Feynman]

Haven't resorted to investing in jokes...yet.

 

[Corey Batt]

Start up the FeynCoin and see if you can get some rampant speculation going, then sell out. A lot more fun than just mining.

 

[onesixseros]

wow, thanks for all the tips guys. Thinking that I'll be checking out that online betting idea! wont be big, but more than my 3.6%.

bitcoin, yeah, might be too much risk for me on that one. Still love more ideas though!

 

[D.T.]

How is currency more risk than gambling?

 

[Ace in the Hole]

How is currency more risk than gambling?

Wagering is not gambling if you know you have a known positive expectation regardless of the result.
Otherwise, gambling with a positive expectation is no risk if your bet sizing is correct.

 

[Demoivre]

Those of you who say they would dump it on the casino are full of $h!t.

Are you telling me you would save up $50/week for 10 weeks just so you could try your luck on a single silly game. This is this guy's savings we're talking about here.

Bull$h!t.


pinkboy

He never really told us his expectations. And I specifically said if it was me.

 

[onesixseros]

He never really told us his expectations. And I specifically said if it was me.

just want something better than 3.6%pa, but all on black is double or nothing and perhaps a bit too mental for me hehehe. but I like the idea (if I had bigger nuts)

anyway, I'm more of a red or zero fan..

 

[pinkboy]

I agree with D.T.

What are you expecting to come out of investing with 500$?

Experience?

Gains?

I've just got $500 in savings total. It's hitting 3.6%pa in interest and wondering what better way I could be using it.

He never really told us his expectations. And I specifically said if it was me.

Looks pretty clear to me. He's expecting >3.6% return - not negative 100% or positive 100%.

Did you, or did you not walk into a casino with your first serious $500 saved for investing to blow on black?

Ill answer it for you....No, you didn't.


pinkboy

 

[Demoivre]

Looks pretty clear to me. He's expecting >3.6% return - not negative 100% or positive 100%.

Did you, or did you not walk into a casino with your first serious $500 saved for investing to blow on black?

Ill answer it for you....No, you didn't.


pinkboy

And as a matter of fact I did spend my first serious funds on black.

Whether it was a smart decision or not, your entitled to your own opinion and

I'm entitled to mine.

 

[pinkboy]

And as a matter of fact I did spend my first serious funds on black.

Whether it was a smart decision or not, your entitled to your own opinion and

I'm entitled to mine.

I call BS.

pinkboy

 

[Demoivre]

I call BS.

pinkboy

I call BS on your BS.

 

[D.T.]

I call BS on your BS.

Sounds like baccarat?

 

[redwing]

I call BS.

pinkboy

Brad Sugars

 

[boeman]

Buy a wheelbarrow, shovel and grinder.

Ring builders, offer to do labouring work on Saturdays. Site cleans etc.

You'll make $1000 a month easy in extra income, and the purchases will be tax deductible.

Also can replace said items with lawnmower and whipper snipper/edger from gumtree if you don't mind lawnmowing.

Being serious here, increasing income is key to making money to start investing with.

 

[onesixseros]

Buy a wheelbarrow, shovel and grinder.

Ring builders, offer to do labouring work on Saturdays. Site cleans etc.

You'll make $1000 a month easy in extra income, and the purchases will be tax deductible.

Also can replace said items with lawnmower and whipper snipper/edger from gumtree if you don't mind lawnmowing.

Being serious here, increasing income is key to making money to start investing with.

Thanks for the tip. I would if I didn't have weekend commitments or muscles/skill hahaha

my $500 is play money and I have other savings, but cant touch the other. Working at increasing the $500 with a few odd jobs here and there by about $200p/m, just looking at every option possible.

ps. baccarat and me dont get along very well either hahha!

 

[antistar]

Would love some help and info on investing $500. Playing with the share market is all I can think of, but it's so little to play with.

Any info you guys can give me?

Spend it all on investment books (plenty of tips on which to buy on somersoft alone).

Make sure you keep saving while you read and re-read all the books you bought

 

[Ace in the Hole]

When I started, which will still work today is trading.
Talking real, physical products, not stocks.

You could easily ramp that capital up buy buying undervalued items on eBay/Gumtree and present them better to resell for healthy profits.

It's a great learning experience and can open up markets you've never considered before.
Who know's, you could find an opening in a market/industry which is currently offering great returns.

I did this 10 years ago and built a pretty good business out of it, just fell into it by doing the above.
It's bought me financial freedom today.

 

[onesixseros]

When I started, which will still work today is trading.
Talking real, physical products, not stocks.

You could easily ramp that capital up buy buying undervalued items on eBay/Gumtree and present them better to resell for healthy profits.

It's a great learning experience and can open up markets you've never considered before.
Who know's, you could find an opening in a market/industry which is currently offering great returns.

I did this 10 years ago and built a pretty good business out of it, just fell into it by doing the above.
It's bought me financial freedom today.

Thanks Ace in the Hole. I already do a bit of this. This week I bought a painting for $5 by an artist that has sold other paintings for $2000. Looking to get maybe $200 out of it if I can buy a seller. But your tip makes me want to ramp things up. I could easily give this a crack better...

 

[fokas]

Buy a wheelbarrow, shovel and grinder.

Ring builders, offer to do labouring work on Saturdays. Site cleans etc.

Ahh..if only I had a strong back and liability insurance to be allowed on site!

When I started, which will still work today is trading.
Talking real, physical products, not stocks.

You could easily ramp that capital up buy buying undervalued items on eBay/Gumtree and present them better to resell for healthy profits.

It's a great learning experience and can open up markets you've never considered before.
Who know's, you could find an opening in a market/industry which is currently offering great returns.

I did this 10 years ago and built a pretty good business out of it, just fell into it by doing the above.
It's bought me financial freedom today.

Would be great if that opening into a niche market presented itself earlier rather than later, as I can imagine that spending time relisting items might end up more hassle than it's worth if you don't pick your items well.
Ie. I think I'd rather spend a few hours in my week reading investing books or networking as apposed to trawling through eBay/Gumtree and having to store items in my living room - but each to their own! (And I obviously haven't made a business out of it like you have Ace.)