VLS Roulette Forum

I have a question and I would appreciate any advice that anyone can give me.

I should be receiving $10,000 very soon and I am not sure what to do with it. I am 21 years old and I am not too familiar with investing because I have never had the money to invest. I want to do the right thing with my money but I am not sure what the right thing is. I don't want to put my money in a place where I need to wait 10 or 13 years to get it because I could die in 13 years and never get to touch it. At first I thought that a money market would be good but the interest is so low but it still is not out of the question. I was also thinking about gold but I don't know anything about investing in gold. My father has been telling me to put some of it in a money market and buy a car to sell and slowly make profits off the cars (he has brothers and cousins in the car business). My mom wants me to put a down payment on a single room condo down the shore and she says it will begin to pay it'self off within five years. But I don't know what to do. $10,000 is a lot to me so I feel lost and it doesn't help that the economy isn't doing so good.

I will be done college in 2 years so hopefully I will have a good job. I also need some of the money for an engagement ring for my girlfriend so it needs to be accessible.

Anyone have any ideas on what I should do with the money? I have been researching on Google but I keep coming across scams. And I live in the US if that makes any difference.

Thanks

no easy money in this world. put it in the bank for five years fixed interest. no body wins gambling only the casino aa few dreamers bwill tell you they win gambling.  they are kidding themselves. think about it the cost of running a casino. the wage bill is huge.  win today lose tomorrow. why do people sell systems. if they worked they would get rich themselves. i spent a lifetime gambling. the only gurantee is that you will lose. i know this advice will fall on deaf ears

Just don't use it for gambling... ::)
I'd put the money in a bank for a while but I'm not familiar with the interest rates in the United States.

Here's an idea.  You could use it as collateral for a loan in learning a trade, then contract yourself out for a hefty fee (part-time) while you're in college.  

Also, I've been reading up on this. REITs (Real-Estate Investment Trusts) You could buy into various properties and when they appreciate, you can opt out with a profit.

Do some  research for mutual funds. As you  go along by collecting pertinent information  you will get  ideas  of your own what to do. DO YOUR OWN THING!!!

It would  not be a bad idea placing $1,000.-- in  a  3 or  6 months CD. The remainder divide into 3  equal   mutual funds.

There are US mutual funds, some  are more conservative with companies  which have  a long track record others are more   growth oriented. Do not overlook some  international or regional  funds  ( Europe  / Pacific / Asia).

Nathan Detroit

Put it in the bank and get a job or find a way to make money so you can put a deposit on a house. 10k isn't much in this world, especially if you want to own your own house and start a family.

What's the point of asking this on a forum??? Go to u're local bank and ask for good investments! A forum is no place to ask that, and certanly not a forum were gamblers and conmen hide ...

Kind Regards,
Skrizy

shorty :)  i am with u!

  Until you are sure as to what you want to do with the money. you might as well let it gain interest. Check with your local banks for 5% CD accounts.  (certified deposit). Not a bad way to earn a few extra bucks at the end of the year. Its easy money to be sure.

Quote from: Skrizy on August 15, 2009, 11:47:11 AM
What's the point of asking this on a forum??? Go to u're local bank and ask for good investments! A forum is no place to ask that, and certanly not a forum were gamblers and conmen hide ...

Kind Regards,
Skrizy

That is a good question. But I figured I would ask. It doesn't hurt asking. I figured that someone around here would have some idea on what to do. Plus even though we are all gamblers it doesn't mean that everybody here is going to give bad advice.

Thanks for all of the advice. I am probably going to take one of the safe routes and put some money in the bank. There are some interesting ideas that i will look into. One thing that I am not going to do is use it for gambling.

Invest in a conservative medium, perhaps a CD.  Then pretend you never received this money and live your life.  In the future, when you are educated in the world of finance, then perhaps you will know what to do with it.

You can kiss your money goodbye when you get married because your money becomes her money, now that is a pure gamble. Good Luck.

Maybe not gambling directly,  what about writing a book about gambling, like a book of systems you could publish in EBay--or even stories about gamblers.  Remember Twenty One?

I think proof just said the magic word....ebay...

Get an ebay/paypal account

Start attending local estate auctions and buy dead peoples stuff then list it on ebay.

Of course you need to do lots of research into what sells and for how much, but there is plenty of good money to be made like this... it's fun too.

Invovled is treasure hunting, research, writing, photography, people skills, money management, etc.

Good stuff to sell?

Go for demographics with expendable incomes... boys toys are good, fishing gear, diecast cars, coins & stamps, musical instruments, asian artifacts... vintage, vintage, vintage!

I bought a vase for $100 at auction a few weeks ago and sold it on ebay for $1700.

I bought a pottery figurine for $150 and sold it on ebay for $2300.

I bought a chess set for $15 and sold it for $1500

It's not always that good, but you virtually always make some profit, and the list goes on and on...you should try it

Good luck.

Quote from: Proofreaders2000 on August 15, 2009, 08:34:31 PM
Maybe not gambling directly,  what about writing a book about gambling, like a book of systems you could publish in EBay--or even stories about gamblers.  Remember Twenty One?

This is an interesting idea but I don't have the time to write a book about gambl[quote author=bombus link=topic=11289.msg73271#msg73271 ing because of school. At some point I do plan to write a book but not about gambling. Last summer I had an idea similar to this. I made something called poker skill cards and there are all different editions. Each card has a different skill needed to be successful at the game. I have the tournament version, cash game version, novice, advanced and so on. I finished the cards and didn't take the idea any further. Now I can't even access the cards because they are on my old computer which locked away behind a password which I will never remember. My plan was to sell them on ebay but that will never happen.

Quote from: bombus on August 15, 2009, 09:42:42 PM
I think proof just said the magic word....ebay...

Get an ebay/paypal account

Start attending local estate auctions and buy dead peoples stuff then list it on ebay.

Of course you need to do lots of research into what sells and for how much, but there is plenty of good money to be made like this... it's fun too.

Invovled is treasure hunting, research, writing, photography, people skills, money management, etc.

Good stuff to sell?

Go for demographics with expendable incomes... boys toys are good, fishing gear, diecast cars, coins & stamps, musical instruments, asian artifacts... vintage, vintage, vintage!

I bought a vase for $100 at auction a few weeks ago and sold it on ebay for $1700.

I bought a pottery figurine for $150 and sold it on ebay for $2300.

I bought a chess set for $15 and sold it for $1500

It's not always that good, but you virtually always make some profit, and the list goes on and on...you should try it

Good luck.

I decided to take my first chance with ebay about a week ago. It was a chance not worth taking. I found some apple ipod nano's for wholesale. I bought them and after I received them I found out that they were knockoffs and there are also multiple problems with them. So now I'm trying to sell these ipods on ebay that probably wont sell (I am letting people know that they are  not real).

It is great that you made such a profit on the items that you sold. You must have to know what you are doing to have success on that level.

Quote from: John1234 on August 16, 2009, 01:16:34 AM
This is an interesting idea but I don't have the time to write a book about gambl

I decided to take my first chance with ebay about a week ago. It was a chance not worth taking. I found some apple ipod nano's for wholesale. I bought them and after I received them I found out that they were knockoffs and there are also multiple problems with them. So now I'm trying to sell these ipods on ebay that probably wont sell (I am letting people know that they are  not real).

It is great that you made such a profit on the items that you sold. You must have to know what you are doing to have success on that level.

Yeah, there are lots of traps for new players on ebay.
You do have to know what you are doing to a point, but it all comes together pretty quickly once you start doing the research. Just do an ebay search on anything that takes your fancy then do a completed item search/worldwide/highest first.

Try this one for example...Pez Dispenser... I bought a small bucket load of them a few years ago for $20 at auction, I swear I got back over $5000 for them.


The possibilities are endless, and 10,000 is a healthy bankroll for this type of investing.

I've been doing it as a hobby for extra cash for years. Believe me, you won't beat it with anything else once you get a feel for it.

$10,000 is not enough to invest with banks, etc.

Quote from: bombus on August 16, 2009, 02:56:57 AM
Yeah, there are lots of traps for new players on ebay.
You do have to know what you are doing to a point, but it all comes together pretty quickly once you start doing the research. Just do an ebay search on anything that takes your fancy then do a completed item search/worldwide/highest first.

Try this one for example...Pez Dispenser... I bought a small bucket load of them a few years ago for $20 at auction, I swear I got back over $5000 for them.


The possibilities are endless, and 10,000 is a healthy bankroll for this type of investing.

I've been doing it as a hobby for extra cash for years. Believe me, you won't beat it with anything else once you get a feel for it.

$10,000 is not enough to invest with banks, etc.

wow I can't believe you made so much off of pez dispensers. Thank you very much for the advice.

I bought a pottery figurine for $150 and sold it on ebay for $2300.>>>

In 2000, I bought an antique telegraph key for $30 and sold it for $4000 on Ebay. The heyday of Ebay, as far as getting the stuff and making big money, is long gone. It can still be done, its just much harder because there are so many people out there looking. And a lot of the best stuff is no longer sold at auctions or estate sales, it goes right to Ebay. Back in the late 90's when you could sell antique hand guns and Nazi items and police badges from collections, those were dream times. I bought out a WWII vets collection of Nazi military stuff, swords, medals, daggers, etc, and made such a huge profit that if I told you how much, you'd say I was lying. Just a single swastika armband that I paid $25 for, would bring $300-$400. And I had a van load of the stuff. Those days are long gone.

Quote from: Spike on August 16, 2009, 11:09:06 PM
I bought a pottery figurine for $150 and sold it on ebay for $2300.>>>

In 2000, I bought an antique telegraph key for $30 and sold it for $4000 on Ebay. The heyday of Ebay, as far as getting the stuff and making big money, is long gone. It can still be done, its just much harder because there are so many people out there looking. And a lot of the best stuff is no longer sold at auctions or estate sales, it goes right to Ebay. Back in the late 90's when you could sell antique hand guns and Nazi items and police badges from collections, those were dream times. I bought out a WWII vets collection of Nazi military stuff, swords, medals, daggers, etc, and made such a huge profit that if I told you how much, you'd say I was lying. Just a single swastika armband that I paid $25 for, would bring $300-$400. And I had a van load of the stuff. Those days are long gone.

Spike is almost right.
The wind has been knocked out of ebay's sails, but that just means it's time to change tack.
Sure, the huge profits are not as easy to secure for all the reasons Spike mentions, but there is still a world of goods to be bought and then sold on ebay, etc.
WWII stuff is great, I bought some WWII photographs last month for $10, got back $450 on ebay.
If you got the time and the incentive, $10000 can still earn you a lot of money on the internet, it's a lot safer than roulette anyway, and that's for sure.
Also, you don't need to make huge % margins if you're selling big ticket items, so you don't need to be buying absolute bargains for it to work out profitably.

Living around a big city like NY or CHI really helps. They have people who bought expensive items years ago and you can find it a lot easier than in a small town. Its a lot harder though, it used to be like shooting fish in a barrel. Going to gun shows and camera shows and radio shows and book shows and antique show and buying from dealers was glorious. Walk in with 5K and spend all of it and put it on Ebay and make a killing. Thats lasted about 3 years before the majority of dealers got computers and the show market all but dried up. You could buy a .38 revolver from 1900 at a gun show for $60 and sell it for $160 on Ebay for a quick hundred profit. I would buy an average of 40 handguns at a gun show. That lasted about a year and a half until Ebay banned all guns. Bastards.

There have to be places on the internet to get cheap things. I bet that a ton of people sell valuable stuff on craigslist worth a lot of money and they probably don't even know it. What about goodwill? Goodwill has an online auction site. the items seem to be cheap. Wouldn't it make sense to buy something off a good will auction and then sell it online for a little more? They have a ton of stuff on the site ranging from pez to vintage comics. Or even better if you live near a goodwill store they probably have a ton of valuable things. I was just reading that people are using goodwill as a garbage dump and half the time they don't even realize what they are giving up. And goodwill is willing to get rid of the stuff for a cheap price because they have fees to pay and so on.

Antique dealers have shopped at Goodwill for decades.

yea, I figured that. They have a good amount of stuff and there are goodwills all over the place.

Yeah, Goodwill shops are a good place to hunt for stock, it's tough though, with the dealers always trawling through the joints...Still worth a regular inspection.

If you have access to auction houses, they will provide more consistently.

Just keep an open mind, and get you 10 g's working for you.

Well, John1234

I just sold a $7.00 goodwill store purchase for $100 on ebay, so you can still do goodly.

Get into it!

thanks for all of the advice. I will defiantly look into this when I get my money.

Buy land, that's the only thing they don't make anymore...

Seriously, properties have gone up, on the average, 5% every year since the 1700's. (Yes, americans, the world did have houses before that.)

Then again, 10 k aint that much. Downpayment on a house perhaps?

But as someone said, asking around here is probably not the best idea.

Quote from: Gotrek on August 19, 2009, 06:32:14 AM
Buy land, that's the only thing they don't make anymore...

Seriously, properties have gone up, on the average, 5% every year since the 1700's. (Yes, americans, the world did have houses before that.)

Then again, 10 k aint that much. Downpayment on a house perhaps?

But as someone said, asking around here is probably not the best idea.

Thank you, I thought about land but I can't afford that. Down the shore I could put a downpayment on a little condo thing.

I think that asking around here is fine. Just because someone says to do something I am not going to do it. The money that I am getting is from my aunt who died, so it is not like I am going to do anything risky with it. I am just trying to put together a list of the best possible things that I can do with the money. I know that this is a gambling site but I figured that there is a chance that someone around here would have experience with this or some sort of knowledge about what to do with money. It it better to have many options than no options at all.

I'm glad you have an open mind.  Have you thought about opening an online casino?

$10,000 is no where near enough to open a casino. You would need somewhere in the millions to open one up. There would be licensing, web hosting, software, advertising and so much more to think about.

I agree, it would cost too much. I always have thought that it would be cool to own an actual casino with a hotel, like one in Vegas or somewhere. But I am not the type of person who can sit back and watch people lose a ton of money for my profit. I would feel too guilty so I could never own a casino. If I did own a casino I would give a ton of money back in to the players, dealers, and other employees.
I was thinking that a person who owns a casino must make millions each year. I would be fine with making only 1 or 2 hundred thousand a year and giving the rest back to the people and employees. But even that little money wouldn't solve many of the problems that gambling causes. So that is out of the question for me. Plus I will never have the kind of money to own a casino in the first place.

no you never will unless you get the killer instinct. myself myself myself. and then the next man. if you were sleeping on the street would anybody worry. you should have learned  in the playground. look out for number one. lesson one.

Hey John,

Just send me the 10k........I have a red/black system with a progression that should work well with 10k.  :dance1:

No one here knows this unbeatable system.....Only I found it. It's called Jakk's Martingale..... You see just like doubling up but we tripple up!

I will give you 50% return on your money per month!  :clapping:


My phone number is 786-scam-a-buddy-today and I live in Crime Valley, scam street.

If you want to send more than 10k.....I'm sorry I cannot accept.....oh well for you I will make an exception. Hell....sell the mother's house and send 20k! That way I send you 100% return per month. 10K = 50% return.....so 20K = 100% return! SEEEEE the math do not like!

I am also a qualified Sanghoma...and heal marriage problems, getting back your job, put a spell on your boss, make women like you, Create good fortune for you, make you fertile (fertilizer not included, that will be extra $99,99), solve money problems ( if you have too much.....) All for the additinal price of a further $5k

I am in demand so please before the last three places are taken, take advantage of this genuine ( :whistle:)offer.
I also sell herbal pills that make you loose half your weight, and if that doesn't work....smoking them will make you forget your problems anyway so another win-win situation.  :thumbsup:

Damn, gotta go now....Herb is at the door....he wants more of my Bias herbs...and storm in a teacup pills (he chases storms you folks!)

Cheers
jakk

wow thanks for the offer. That sounds like a great idea. I'll send the money as soon as I get it.

..........eeeeehhhhhh.........on second thoughts........looking at your Avetar.......you do kickboxing?  :aggressive:

Sorry mate I have to pass on the deal................ :o (don't want my ass kicked!)

Cheers mate, you're a good sport.

Jakk