Back in the day when savings accounts paid 10%(this was a while ago...decades) -- this was the best investment

no risk, high return.


now a days theres not to much no brainer investments tbh.... make less then half a penny on a dollar in a bank account or HIGH risk in stock market/other things.


Really the best investments aren't for people who don't have a lot of liquidity on hand.

If you had enough money to start a restaurant , or maybe apartment complex....... ---people always need to eat, people always need a place to stay.....

buy large areas of land that you KNOW will be expanded around or upon in the future by the city/business/more people living around

Example 1.) If I bought up certain vacant lots years ago, those same lots would be worth proly 10000x fold based on all the hotels/restaurants/people who started expanding on them and right next to them

so let me understand this. you say stock market is high risk, yet you advise him to start a business?

the market isnt necessarily high risk. there are ways to reduce the risk you take on in the market.

This post was edited by cialda on Oct 14 2013 06:43pm

if u have enough money then you know what the risk is because you are the business/risk, stock market its in someone elses hands

This!

Double your money everytime

And there are uncontrollable things out there such as competitors that create a risk you cannot predict in the business - just like the stock market. in the stock market, your money is more liquid as well. Also, its not necessarily in someone elses hands in the stock market as you are a shareholder.

it all depends how much money someone has to invest/risk in whatever they are doing. I wouldn't just take a plain 1 mil and put it in random stocks...

for all u know the next stock u invest in could be Enron 2.0

theres risk in anything small business/stock market w/e ...... you cant predict the future but u can make decisions based on the past

If i were to buy a business, im assuming recession proof major chains and franchises would thrive the most, especially during a recession.
I was thinking like a gas station, Mc Donalds, Starbucks, etc
of course i dont have that kind of money to get into that kind of business(wish i did )

I am currently a full time student, and i dont have a plethora of money to invest with, or time to constantly keep up to date with market prices or patterns (stocks for example)

I was just thinking of placing what i do have into some kind of investment where i wont have to worry about it and it would gradually grow.
at least 6% interest would be ideal

Well from his viewpoint, i would go with a mutual fund so he can diversify and minimize his risk instead of randomly picking stocks.



there isnt going to be many places you get 6% interest from without some risk.

This post was edited by cialda on Oct 14 2013 06:56pm

get a roth ira account

You are proly 98% correct on that, pawn shops do well most of the time also.