Whats the best way to invest a small amount of money?

bike756 · Tar Sands Joined: Mar 14, 2006 Posts: 20

Also, a bit more information about myself...

My parents have me covered easily for living expenses and food, housing and whatnot. Im just asking what I should do with my free spending money and or time.

I already spend a good portion of my time reading and improving my knowledge of various things. I am going to try and learn basic survival skills(growing food, etc.) soon, maybe next time I go to the library I will pick up some books.

I have no clue about any of this financial stuff. I looked up some of the companies/banks/funds you guys suggested and I am terribly confused... Sad

though I am trying to learn. How do you buy stocks exactly? I know that must be a stupid question.

Chesire · Heavy Crude Joined: Jul 13, 2007 Posts: 267

Guns/ammo/melee weapons / basic battle rattle , NVD if you can afford it. In case you need to become a Mutant Entrpeneur Zombie post crash qleft3

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 4599

Heineken

I don't have a business degree, but I did figure out how to become financially independent at the age of 50, on a very modest income as a science copy editor.

You shouldn't focus on investing all the cash you now have. The amount is too small and you have other priorities at your age.

INSTEAD, start aiming to buy a little silver each and every month, and finding for it the best hiding place you can possibly dream up.

The key to amassing significant assets is to save regularly and in a quantity you can afford to live without (so that you "don't miss it"). Don't overdo it or your program will fail, because you'll be forced to go into your savings.

For example, you could aim to buy five ounces of silver every month. After a year, you'll have 60. Etc.

Make this a religion.

As you earn more and learn more you might go down different avenues, but always hew to the same basic principle.

I suggest silver rounds, as they are called. These are 1-ounce coins made by major silver producers like Engelhard and Sunshine. Their premium (markup over the spot silver price) is relatively small and they will be very easy to sell when and if the time comes (for you, a long way off). Also, they're pretty and are difficult (or uneconomical) to fake.

I don't like junk silver because it comes in all sizes and weights and could be confusing or awkward to sell. That's not to say junk silver isn't a good route to go.

I recommend Goldmastersusa.com. They charge less than Kitco and many other online dealers, and they are absolutely reliable.

Avoid stocks. They are a potential graveyard for someone in your demographic slot. With all due respect, you're too young and naive for them (lucky you!), and they're all probably doomed anyway.
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FourOfSwords

Whats the best way to invest a small amount of money?...put it in a plastic bag, and stuff it in your mattress...
A.

TnAndy · Heavy Crude Joined: Aug 31, 2005 Posts: 100

joeltrout

joeltrout

TnAndy · Heavy Crude Joined: Aug 31, 2005 Posts: 100

Several years ago, at age 50, I took out all the money I had saved in an SEP-IRA, paid the tax and penalty, and bought physical silver.....buckets of 90% US coin.....3500 FRNs/bucket at the time.....like to killed me to pay 3500 "dollars" for 1,000 ACTUAL dollars.

I kept track of the Fidelity mutual funds I'd had my IRA money in....they would have grown my money about 36% in that time.....my silver "grew" about 400% in that time....those buckets are now right at 14,000...each.....

My IRA I had no control of should things go to pot.

My silver is under my control and watch.

You young guys keep putting your faith in tax sheltered vehicles, and when the baby boomers hit full stride of retirement, I suspect you're going to be in for a surprise in the form of your "plan" being 'nationalized' ( assuming the 'dollar' value of it will still buy anything ) because our weenie politicians are NOT gonna be able to keep their hands off that huge pot of cash.....and they know RIGHT where it is, thanks to that custodian arrangement.

DO NOT put anything past them.......

roccman

buy Jan 2009 or 10 XLF puts.
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joeltrout

spear

What TN and Smallpox said.
And find a rifle range to spend your spare time.Find some ex Marines in there and ask them if they,ll teach you how to shoot.
If they say no,be persisent.You want to be taught how to shoot by Marines.
Find a gym and get very healthy.
Whatever extra money you have,go with silver.
That'll keep you busy for a year.You'll be 19,healthy ,a good shot,some emergency metals stashed.
Then you can start thinking about learning how to weld.
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Revi · Fusion Joined: Apr 25, 2005 Posts: 3034 Location: Maine

You could buy yourself a bike, and a bob trailer. That would be a great thing to have whatever happens.

http://www.bobgear.com/trailers/trailers.php
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Deep in the mud and slime of things, even there, something sings.

Heineken

JBinKC · Heavy Crude Joined: Aug 14, 2004 Posts: 245

pre 1982 copper pennies