Money, money, money.

Hello my friends (and ABBA fans), I hope you're well. This is just another quick life update. Let me start by saying that I don't like to discuss money; I find it a mostly boring topic, only regularly talked about by the poor and the super-rich. However, as this has been on my mind, I thought I'd share it. I have recently (in the last few months) received an inheritance. A close family member died. Like money, I don't like to discuss death - so I didn't. I 'suffer' with 'health anxiety' (or fear of premature death, some would say - I call it common-sense) and I think that's linked to my fitness obsession and anti-death policy. Anyway, I'm straying from the purpose of this blog (if it even has one).

It's not a huge sum of money, but it's large enough that I'm not sure what to do with it. High-interest accounts aren't paying very well at the moment; it's the same story all over. It has to be said, I'm far from wealthy and would like my money to be working for me. It is getting to the point where money is a major concern. I've considered the stock-market but that's a gamble in itself. I've thought about investing it, or buying and selling with it (hopefully for a profit) - but again, I don't know where to begin. I'm not greedy and don't want people to worry about me, I'm not truly poor, but I am in need of cash. I'm unemployed at the moment. I've done jobs in the past, horrible jobs. I've even tried the artist-modelling route, but that has brought unwanted attention - I hope to avoid that. I don't know what my point is, I'm not asking you lovely people for money or 'trade-secrets' - I suppose a little advice is what I'm looking for. Is there an obvious investment path I haven't considered? Perhaps one of you wise people have the answer I've been looking for. If not, it wouldn't surprise me and I don't mind - I honestly appreciate you taking the time to read my deranged scribblings. Thank you, all. ManofThunder, signing out.

Comments

Here's the advice that's made me riche:
But low ... sell high.
Shhhhhh.

Seriously, maybe you should find a financial adviser, the type that doesn't sell you anything except advice ... no stocks, bonds, etc., so you know his advice is disinterested.
 
have you considered putting half on a safe interest bearing account and the other half on moderately aggressive markets? You are young enough that you can play fairly aggressive and over the span of 10-20 yrs can really show some fantastic returns.

Its money you never expected to have in the first place.... additional income that was unexpected. This is a perfect time to invest. (Also, what are the real estate markets like in UK...not a great investment here now, but might be something you can look into.)

also final note... maybe you should talk with a financial advisor... they get paid to make money for you... just make sure you use a reputable company.


Oh... and MoT... sympathies on the loss of your family member..
 
Look around for REALLY cheap property (there are houses here selling for less than 30K).

You may have to do some repair on them, and it won't be in the chic part of town, but if you are able to find one that is that cheap, you can fix it and then live in it, mortgage free. That way, you will have a roof over your head without worrying about making rent, paying a mortgage, etc...

While real estate has been in free fall for a couple years now, this is an opportunity to purchase something really cheaply, if you have enough cash, and it seems that you just might have that cash.

Good luck with whatever you decide to do!
 
Dang. Just noticed you were in the UK. Doubt my advice will work for you there. There are, however, people from other countries buying cheap houses in the US and using them for rentals (an income stream).
 
ConanTheBarber;bt35739 said:
Here's the advice that's made me riche:
But low ... sell high.
Shhhhhh.

Seriously, maybe you should find a financial adviser, the type that doesn't sell you anything except advice ... no stocks, bonds, etc., so you know his advice is disinterested.
Thank you, yes - that's the obvious thing to do. :tongue: The issue is, of course, knowing when the market will pick-up. A financial adviser may be a good bet, I'll look into it. Thanks. :smile:

FancyPants;bt35741 said:
have you considered putting half on a safe interest bearing account and the other half on moderately aggressive markets? You are young enough that you can play fairly aggressive and over the span of 10-20 yrs can really show some fantastic returns.

Its money you never expected to have in the first place.... additional income that was unexpected. This is a perfect time to invest. (Also, what are the real estate markets like in UK...not a great investment here now, but might be something you can look into.)

also final note... maybe you should talk with a financial advisor... they get paid to make money for you... just make sure you use a reputable company.


Oh... and MoT... sympathies on the loss of your family member..
Property isn't an option for me. I might be able to buy a caravan, I suppose. :tongue: It is money I wasn't expecting, yes - but, I'm worried about where the next meal is coming from at the moment. A ten-year investment might make me a lot of money, but I haven't enough money to last that long. I'm hoping for a short-term investment, to keep me afloat. If there was a way to make a little money online I'd be happy. But, it seems difficult or hardly worth the time I have to spare. I think a medium-risk investment might be a good idea. Again though, I'm scared of losing the money. There's always that risk. :frown1: It's at times like this that I really wish for a decent job to come my way. Thank you for your sympathies, I appreciate it. :smile:

atlclgurl;bt35742 said:
Look around for REALLY cheap property (there are houses here selling for less than 30K).

You may have to do some repair on them, and it won't be in the chic part of town, but if you are able to find one that is that cheap, you can fix it and then live in it, mortgage free. That way, you will have a roof over your head without worrying about making rent, paying a mortgage, etc...

While real estate has been in free fall for a couple years now, this is an opportunity to purchase something really cheaply, if you have enough cash, and it seems that you just might have that cash.

Good luck with whatever you decide to do!

Dang. Just noticed you were in the UK. Doubt my advice will work for you there. There are, however, people from other countries buying cheap houses in the US and using them for rentals (an income stream).
Thank you. That would be a good bet, but I haven't enough money for that, I'm afraid. I don't mind getting my hands dirty, but it's all a matter of funds.
 
Online investments? I know a guy from India that can make you rich if you give him $10,000.00.... (LMAO) don't fall for online tricks... be careful and check them out
best of luck with it honey. you'll do the right thing.
 
FancyPants;bt35745 said:
Online investments? I know a guy from India that can make you rich if you give him $10,000.00.... (LMAO) don't fall for online tricks... be careful and check them out
best of luck with it honey. you'll do the right thing.
No! :tongue: I mean an online job, like...I don't know...socialising with other perverted individuals? That sort of thing. :biggrin1:
 
I know a fellow here in Atlanta that goes on Craigslist and buys a car dirt cheap (of course it needs work) and then he fixes them and sells them for a modest profit (somewhere in the 1K range). He fixes the "problem" (usually something minor like the air or heat doesn't work) details the hell out of them and then sells them on Craigslist again. He has a full time job so he only does this once a month or so. Maybe that will be enough to tide you over until such time as you have steady employment again.

Watch out for "free" financial advisors... nothing in the world of finance is truly free. I know this because my brother works for Ameriprise... American Express' financial advice company.
 
atlclgurl;bt35748 said:
I know a fellow here in Atlanta that goes on Craigslist and buys a car dirt cheap (of course it needs work) and then he fixes them and sells them for a modest profit (somewhere in the 1K range). He fixes the "problem" (usually something minor like the air or heat doesn't work) details the hell out of them and then sells them on Craigslist again. He has a full time job so he only does this once a month or so. Maybe that will be enough to tide you over until such time as you have steady employment again.

Watch out for "free" financial advisors... nothing in the world of finance is truly free. I know this because my brother works for Ameriprise... American Express' financial advice company.
Thank you for the advice. That's more the sort of thing I could manage, thank you for the suggestion - I appreciate it. I'm sadly aware that nothing is for free. :tongue:
 
atlclgurl;bt35751 said:
You're very welcome. I hope it works out well for you, however you decide to invest your nest egg!
Thank you! I'll do my very best to make it work out.

willow78;bt35752 said:
Well, I just happen to be a Nigerian prince.....:tongue:
Really?! :eek: What good luck! I'll give you all my banking details and you do the rest - I can trust a prince. :tongue:
 
ManofThunder;bt35760 said:
I can trust a prince. :tongue:

Would that mean me, Abejide al-Salami?
You have won $240 million pounds in a Nigerian lottery, money I can deposit once I have your banking details and your National Insurance number.
Flog your ass no more.
(Well, maybe as a hobbyist.)
;-)
 
ConanTheBarber;bt35761 said:
Would that mean me, Abejide al-Salami?
You have won $240 million pounds in a Nigerian lottery, money I can deposit once I have your banking details and your National Insurance number.
Flog your ass no more.
(Well, maybe as a hobbyist.)
;-)
:eek: What?! You received that offer, too?! Wow, such a generous person. :tongue:
 
Load up and buy 1/2 in FAS and hold til around mid april. Put the other half in UDOW and hold till the same time. Once the MACD turns negative, sell!

Do not look at how things are performing until mid april.
 

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