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How do you invest $300.00

Huki68 2011/08/22 12:47:07
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  • JL 2011/08/22 17:34:41
    JL
    +3
    CAN GOODS AND AMMUNITION...IN CASE WE HAVE OBAMA 4 MORE YEARS!!

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  • shadow76 2011/08/25 02:35:00
    shadow76
    +1
    Pay a bill, or save to buy a new TV.
  • Loverofcountry 2011/08/24 17:25:41 (edited)
    Loverofcountry
    +1
    $300.00 is piggy bank money!

    300 00 piggy bank money
  • Adakin ... Loverof... 2011/08/24 18:10:28 (edited)
    Adakin Valorem~PWCM~JLA
    +2
    Lover: ...

    When Barry was sworn in as POTUS, the $300 in your Piggy Bank would buy 167 gallons of gas. Today, your piggy bank’s contents would buy 80 gallons.

    When Barry was sworn in as POTUS, the $300 in your Piggy Bank would buy 0.33 of an ounce of gold (@ $900/oz). Today, your piggy bank’s contents would buy 0.17 oz (@ $1760/oz) of gold.

    Notice that both commodities have lost approximately half the value... i.e. YOUR MONEY has lost HALF of its purchasing VALUE... this from a president that said he would only tax people that were RICH!

    The question was, how would you INVEST $300… not let it erode away!

    contents buy 0 17 oz 1760oz invest 300 erode Inflation
  • Loverof... Adakin ... 2011/08/24 18:16:58
    Loverofcountry
    +1
    Then I suppose putting it under my mattress isn't a good idea either? Probably, paying of debt would be the best use of the money.
  • Adakin ... Loverof... 2011/08/24 18:53:40 (edited)
    Adakin Valorem~PWCM~JLA
    +2
    Yes, paying off debt is a good choice. So is buying something you think you can sell at a profit over the short term, would be a better choice than simply paying off debt, although either one is a good choice.

    Paying off debt is a one shot deal. Sure the debt is gone, but so is your seed money.
    If the interest on your debt (credit card?) is 12%, all you have to do is make 1% per month on buying and selling stuff and your "cost of funds" that you are using is covered.

    The thing about buying and selling stuff is 'frequency of turn-over' the quicker you can turn your purchase over, the quicker you can replace it with another "wholesale" purchase.

    If you made a 10% profit on something that you could sell within 30 days and repeat that over and over... you would have an enterprise that gave you a return on investment of over 100% per year. (Compare that to the 12% interest that your "seed corn" is costing you. Debt is bad when you consume it. Debt can be good when you use it to make more $$$. That's called "Leverage".)

    That's what Sam Walton discovered about retailing. He started out where the turn rate for the dry-goods industry was just 4 times per year. If you had a 50% market up, your annual gross profit was only 200%. Walton discovered that he could discount an ite...



    Yes, paying off debt is a good choice. So is buying something you think you can sell at a profit over the short term, would be a better choice than simply paying off debt, although either one is a good choice.

    Paying off debt is a one shot deal. Sure the debt is gone, but so is your seed money.
    If the interest on your debt (credit card?) is 12%, all you have to do is make 1% per month on buying and selling stuff and your "cost of funds" that you are using is covered.

    The thing about buying and selling stuff is 'frequency of turn-over' the quicker you can turn your purchase over, the quicker you can replace it with another "wholesale" purchase.

    If you made a 10% profit on something that you could sell within 30 days and repeat that over and over... you would have an enterprise that gave you a return on investment of over 100% per year. (Compare that to the 12% interest that your "seed corn" is costing you. Debt is bad when you consume it. Debt can be good when you use it to make more $$$. That's called "Leverage".)

    That's what Sam Walton discovered about retailing. He started out where the turn rate for the dry-goods industry was just 4 times per year. If you had a 50% market up, your annual gross profit was only 200%. Walton discovered that he could discount an item and sell it quicker than 4x per year. At a 25% mark-up, he could sell that item more often... he would shoot for once a month. So 12x25% provides the investor with a 300% annualized ROI instead of the 200% that the industry was getting... Plus more people would shop where the profit margin AND the retail prices were lower... so it was a WIN-WIN for both customers and corporation.

    That's what PresBO doesn't understand about taxes. Just as Sam Walton's lower prices created higher profits; lower taxes create larger tax revenues. When Reagan lowered taxes from 70% to 28% tax revenue doubled. But Barry and his Band of Flying Monkeys never got that memo.

    28 tax revenue doubled barry band flying monkeys memo Flying Monkeys
    (more)
  • "TEX"-"OFT"-"ROOC"~POTL~PWC... 2011/08/24 03:20:37
    "TEX"-"OFT"-"ROOC"~POTL~PWCM~JLA
    +1
    You don't
  • Adakin Valorem~PWCM~JLA 2011/08/23 14:03:18 (edited)
    Adakin Valorem~PWCM~JLA
    +2
    Right now as a retired person, I troll the yard sales on Saturday mornings looking for bargains. On Saturday afternoons, I rent a table at the Flea Market and sell the stuff I bought that morning. $300 worth of "working capital" can get me $450 or $600 on a good weekend.

    I remember a sign on my bosses wall years ago when I was a kid, the sign said:

    "LIFE IS NOT FAIR!... YOU ONLY GET WHAT YOU NEGOTIATE!"

    Ever since then, I've always haggled for the best deal, whether it was for a job, a purchase or a sale. You only get what you negotiate.

    Going through life is not about getting to the Destination... its about ENJOYING THE TRIP with family, friends and your kids!

    purchase sale negotiate life destination enjoying family friends kids Mitzi Skiff
  • hasher 2011/08/23 00:47:03
    hasher
    +1
    right now we cant invest much money in anything i would use to pay off some bills.
  • jumpboots 187th PIR 2011/08/22 21:35:25
    jumpboots 187th PIR
    +1
    A weekend bash.
  • DFA 2011/08/22 19:59:52
    DFA
    +1
    Sex toys and drugs.
  • Seeker62 2011/08/22 18:30:28
    Seeker62
    +1
    That depends. Are you otherwise completely debt-free?
  • Lynn 2011/08/22 18:15:29
    Lynn
    +2
    Send it to me. I'll "invest" it for you.
  • Huki68 Lynn 2011/08/22 18:59:23
    Huki68
    lol
  • JL 2011/08/22 17:34:41
    JL
    +3
    CAN GOODS AND AMMUNITION...IN CASE WE HAVE OBAMA 4 MORE YEARS!!
  • Jana~ una chica loca 2011/08/22 17:19:17
    Jana~ una chica loca
    +1
    Hmm thats not a lot of money. I have a good idea how to spend it :)
  • Dave Sawyer ♥ Child of God ♥ 2011/08/22 16:30:55
    Dave Sawyer ♥ Child of God ♥
    +1
    Buy some clothes.
  • Doc. J 2011/08/22 15:56:29
    Doc. J
    +1
    Very carefully.
  • bronx 2011/08/22 15:51:04
  • deBrice 2011/08/22 15:37:15
    deBrice
    +1
    In construction hardware, probably Caterpillar shares
  • Telly Samba 2011/08/22 15:31:22
    Telly Samba
    +1
    Buy an ounce and gram it out?
  • holdenf... Telly S... 2011/08/22 15:59:56
    holdenferall
    +2
    That would be some bunk weed.
  • Telly S... holdenf... 2011/08/22 16:03:47
    Telly Samba
    +1
    Not here where it's legal. The prices for high quality medicinal ganja have dropped substantially since medicinal use and cultivation has been legalized.
  • holdenf... Telly S... 2011/08/22 16:15:03
    holdenferall
    +1
    I'm unfamiliar with the prices in "legalized" areas, but if you say so.
  • Adakin ... Telly S... 2011/08/23 14:06:48
    Adakin Valorem~PWCM~JLA
    Funny how that works out... its sorta like the Government subsidizing illicit activity. If it was legal, there wouldn't be any profit in dealing!

    Whoda Thunk!
  • David 2011/08/22 14:29:17
    David
    +2
    Blue chip helps!
  • Marie 2011/08/22 14:18:50
  • Temlakos~POTL~PWCM~JLA~☆ 2011/08/22 13:48:33
    Temlakos~POTL~PWCM~JLA~☆
    +3
    Buy silver. That will shoot up soon, and fast.
  • S. Gompers 2011/08/22 13:46:47
  • BrianD3 2011/08/22 13:41:41
    BrianD3
    +2
    depends if you are thinking long term or not. For long term, I would consider buying stock in a company that offers a DRIP option. They will roll over your dividends into buying more shares and most will allow you to send extra money a little at a time to buy more. It is a good long term way to build value.
  • FAWKES' NOOSE ~ ΔTX 2011/08/22 13:34:20 (edited)
    FAWKES' NOOSE ~ ΔTX
    +2
    Buy silver (Silver dollars or American Eagles)

    I 'forced' my daughter to buy $2000 of silver last year. She complained like hell. Today her silver is worth $5000.

    If you start with $300 investment, you can keep adding to it whenever you have a little extra cash.. A silver dollar only costs about $30 - An eagle about $40. Buy one or two every payday. When you get a good return going - cash out and buy stock if you want.
  • Dum Luk 2011/08/22 13:01:42
    Dum Luk
    +2
    Depends if you can risk losing it or not. Higher risk = higher ROI potential.
    For example, a CD is very safe against loss but doesn't pay a big return.

    If someone gave me $300, I'd buy groceries.
    If someone gave me $3000, I'd put it towards my rent.
    If someone gave me $30,000, I'd buy a car.
    If someone gave me $300,000, I'd buy a house, car, groceries and invest the rest.
    If someone gave me $3,000,000, now we're talking serious investment potential.
  • Huki68 Dum Luk 2011/08/22 13:02:13
  • Dum Luk Huki68 2011/08/22 13:24:44
    Dum Luk
    +1
    Really, It's much easier for the rich to become richer than for the poor to become rich. :|
  • BrianD3 Dum Luk 2011/08/22 13:43:26
    BrianD3
    +3
    if you are consistent and patient, even a small amount can grow into something really impressive.
  • Dum Luk BrianD3 2011/08/22 15:02:15
    Dum Luk
    +1
    Yes, but the more you can invest, the higher your interest rate of return will be.

    If you're lucky, you can earn 5% annually.

    In 20 years, $300 will have grown to $800, but with an annual inflation rate of 3%, that $800 is only worth $450 in today's money, making you an overall profit of 50%.

    Meanwhile, a wealthy person earns 10% annually, seeing a $3 million investment grow to $12 million, even after the inflation rate is accounted for. They're 400% better off, leaving the first person relatively 350% behind.
  • Huki68 Dum Luk 2011/08/23 12:06:09

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