|
#1
|
|||
|
|||
O/T Looking for \"under the mattress\" type investment
Does anyone (who knows what he’s talking about) have any ideas or advice for some sort of bury it in the back yard or hide it under the mattress type investments? Something that a person can easily buy for a couple hundred or a couple thousand at a time every once in a while?
It should be something that doesn’t require a lot of specialized knowledge (art work, classic books, antiques, etc) or time consuming market following, nor anything that generates additional paper work and tax complications. Something other than “put in stocks and wait.” Something that has a chance to beat inflation over a 10 or 20 year period ... not a 1.4% CD or Money Market account. Not Franklin Mint Collector Plate / Star Trek Chess Sets pathetic and hopeless type crap. I know that investment grade diamonds are something very different from jewelry store diamonds, but that is the extent of my knowledge on that subject. They are probably out of the price range, anyway. Are the tanzanites they’re pushing on Jewelry TV in the same category as collector plates, preying on stupid, poor people or are they actually an “investment” with some potential? Something that is pretty easily liquidated when the time comes. Bags of silver coins, perhaps? Or some particular sort of gold coins or bars? Can they readily be sold in coin shops or somewhere without taking a huge beating on both buying and selling? Any ideas? |
#2
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
I hear silver is a good investment.
|
#3
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
If you actually want to put it under the mattress, then buy gold. silver is too bulky. With a 10-20 year horizon you probably won't be tearing it up but it will keep up with or outpace inflation.
If you actually want to invest and you don't need liquidity, you should be putting the maximum in to tax defferred accounts allocating as much as you can to small cap stocks with a healthy portion in emerging markets. Then, and this is important- never check to see how its doing. Any investment specialist can help you with this. do some research and bite the bullet with the paperwork. If you want to be really risky then bankroll me [img]/images/graemlins/confused.gif[/img]. |
#4
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
What's gold done over the past 13 years? Virtually NOTHING! In '92 gold was running around $380/oz, and everyone was saying it would go to $1600 in the next 5 years. Today, its at a spectacular $430/oz.
Mutual funds are the way to go, particularly for those who dont know all the ins & outs of investing. Check out the stock market forum, there are plenty of posters on there that know their stuff (much better than me) |
#5
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
Drugs
I believe this correctly meets all of your listed criteria |
#6
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
[ QUOTE ]
Drugs I believe this correctly meets all of your listed criteria [/ QUOTE ] Very liquid, very profitable. Have to know someone who gets a good deal though. Stick to weed. Also, I am going to Barcelona in the summer, and then traveling to Cannes, Malta, and a couple other places. I plan on buying luxury goods over there and bringing them back. I know you can buy a luxury watch over there and just wear it back on the plane for a nice profit. Something to think about if you are ever out of the country. |
#7
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
<<I know you can buy a luxury watch over there and just wear it back on the plane for a nice profit. Something to think about if you are ever out of the country. >>
Where do you sell the goods in the US, and what kind of ROI do you achieve? 2nd |
#8
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
[ QUOTE ]
Where do you sell the goods in the US, and what kind of ROI do you achieve? [/ QUOTE ] Oh well I havn't gotten around to looking into it yet, but I would imagine 30-40 percent. |
#9
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
Make sure that the Rolex doesn't go tick tick tick with the second hand. I had a girlfriend in college that bought me a Rolex that looked and felt good, unfortunately my wrist turned green.
|
#10
|
|||
|
|||
Re: O/T Looking for \"under the mattress\" type investment
[ QUOTE ]
Make sure that the Rolex doesn't go tick tick tick with the second hand. I had a girlfriend in college that bought me a Rolex that looked and felt good, unfortunately my wrist turned green. [/ QUOTE ] this isnt enough to tell anymore, make sure your smooth sweep is very smooth, as the new Hong Kong fakes sweep and are the kind where u shake em when they stop and they go... but the sweep is just barely off |
|
|