Investing Profits

[FTC-Hater]

Get a list of cities that have done well through the past few years - you'll notice most are capitals and have tons of Government jobs.

These, for real estate, are usually great places to invest because the market doesn't go down due to never having major job losses and the government is always hiring more people and giving out forgivable loans to business' around them. (Instead of taking the effort to go out of town to meet potential clients.)

Just buy a few apartment buildings, do a little work, and raise the rent - the monies are cheap now.

 

[bprimeelite]

Buy a small apartment complex or rental home. Then invest the rest in some individual stocks as well as conservative investments like CD's. I put a small percentage (10%) of my profits to regular investments but I've found out over the years that I get a lot higher return reinvesting into my own business or new businesses.

 

[ttime]

As you probably know I am a good person to send money too as far as a long term investment, I have a network of Nigerians I use to make millions of dollars with all types ideas, so send me all your moneys and that will make a good investment.

 

[mpmarketing2006]

I understand and agree with just about all of this. Your original post about this trader being a WAFO douche seemed as if you didn't understand he was selling valid live trading data and not some bogus late night TV options/futures strategy he dreamed up in the shower.

Also note they are restricting subscriptions due to the thinly traded nature of his target securities.

It's hard to follow Sykes because of the thinly traded stocks. Better off to follow Tepper, Einhorn, and Klarman at Alphaclone.

 

[droplister]

Buying some limited signed prints and some original art.

Expresso Beans

This site is pretty bomb. They track sales and give you heads up on releases. Artist will release prints for like $50-$100 and the 100-200 copies will sell out in hours. Then they can be flipped. But I'm just buying ones that are under priced for recent sales and what I like in case I get stuck with them.

Searching for one of these on the cheap atm http://www.expressobeans.com/public/detail.php/76897

 

[BigWill]

Buy college housing in an area that's normally cheap rent, and charge $400 per month all inclusive with utilities per roommate. Students love it because they and their parents think it's cheap, you can give all kinds of amenities but still profit, and you can bank on $1600 per month before expenses on one unit.

I actually just bought another rehab last week 1 block from campus in a heavy college area. I paid $45,000 for the house + back taxes (1.5k) plus closing. So I paid about $47,000 for it. We put $9,000 into the rehab of it (new laminate, lunolium, carpet, paint, new kitchen cabs[used got for $500]).

Rents in this area for this type of house are $800-$1200 depending on how nice you get it. Will be putting it on the market soon, these houses rent pretty much instantly.

Estimate that it will pay off the total $56,000 investment in just 5-6 years depending on repairs. Also if the market rebounds I will have a total of about 100k equity.

Thats just an example of one property. $15,000-$20,000 per year est, this is just on one of my houses.

 

[qwer12]

Invest in what you know and understand. Blindly following someone else's investing advice is a quick recipe for a disaster

I invest in revenue generating sites, it takes quite a bit of time to research and find the good ones and some work to maintain and improve them, but overall you won't find this kind of returns anywhere else.

 

[Andrew Scherer]

Personal Loans and Online Investing | Peer-to-Peer Lending - Prosper

I have done a lot of research into P2P lending and if you look at the largest prosper borrowers (those that put in 500k+ over the last few years) you'll find that many of them are breaking even or down 1-2% at the worst.

The reason behind this is at one time Prosper allowed anybody + their cat/dog get a loan. I'm not sure if they do this anymore because I was pretty turned off by that. From what I understand their collections on late/default sucks as well.

A much better alternative is lendingclub. I've invested a little bit in some grade A loans with 725+ fico and solid jobs. Earning around 9-10% APR. Nothing astronomical but its nice.

Paying Timothy Sykes for investing advice is akin to buying an IM ebook on WaFo.. if not worse.

No I don't really think so simply because penny stocks are an entirely different animal.

You can follow the good stock promoters via e-mail and the day they start promoting a stock you can jump on board and exit when you make your gain (10%?).

What Sykes does is different than this though. He shorts pump and dumps. He watches for the pump and bets that its going to get dumped (doesn't it always?). He admits that he sucks at buying... I think shorting pump and dumps is a pretty retard-proof way of making some monies, you just have to wake up early to find and reserve shares to short.

I wouldn't necessarily autotrade on Sykes' account, seeing the formula and what he's doing is pretty simple if you have a little bit of common sense. It would be more profitable for you to train your eye and spot shorts even before he does.


With all things considered though I think if you've got the money multi-unit real estate is the best buy right now. BigWill, that's pretty cool.

 

[Dwight Schrute]

Open a sober living. 3 people to a room, charge 400$/bed.. 4 or 5 bedroom house.. $$$.
Rinse & repeat.

Very high-risk business. Highly profitable, but when people relapse they often overdose, thus causing a real shitstorm of legal problems when their family sues, or when a neighbor finds out you have a sober living home next door to them.

The price per bed is more than $400 BTW, it's more like $3,000 here in Southern California, thus increasing the temptation to open one up.

I have close friends who own a couple, and they say that the income is not worth the hassle.

 

[Dwight Schrute]

+1

I've put a lot of funds into prosper and have seen far better returns than I could have anywhere else - great way to supplement your incomez

+1 on Prosper too.

I have invested a lot of monies here.

 

[exclusivewrites]

I have done a lot of research into P2P lending and if you look at the largest prosper borrowers (those that put in 500k+ over the last few years) you'll find that many of them are breaking even or down 1-2% at the worst.

The reason behind this is at one time Prosper allowed anybody + their cat/dog get a loan. I'm not sure if they do this anymore because I was pretty turned off by that. From what I understand their collections on late/default sucks as well.

A much better alternative is lendingclub. I've invested a little bit in some grade A loans with 725+ fico and solid jobs. Earning around 9-10% APR. Nothing astronomical but its nice.



No I don't really think so simply because penny stocks are an entirely different animal.

You can follow the good stock promoters via e-mail and the day they start promoting a stock you can jump on board and exit when you make your gain (10%?).

What Sykes does is different than this though. He shorts pump and dumps. He watches for the pump and bets that its going to get dumped (doesn't it always?). He admits that he sucks at buying... I think shorting pump and dumps is a pretty retard-proof way of making some monies, you just have to wake up early to find and reserve shares to short.

I wouldn't necessarily autotrade on Sykes' account, seeing the formula and what he's doing is pretty simple if you have a little bit of common sense. It would be more profitable for you to train your eye and spot shorts even before he does.


With all things considered though I think if you've got the money multi-unit real estate is the best buy right now. BigWill, that's pretty cool.

Yes, I agree with you. However, as you point out, the ability to borrow shares in these situations can be exceedingly difficult. Also, the margin requirements are often severe greatly deflating ROIC.

Also, risk of getting bought in during a squeeze and unable to borrow to reconstitute the position is also of concern.

If you have ability to go naked, however.... then it can be like taking candy from a baby. But that is only available to a select few these days.

I also agree about college town RE. Smartest way to go in that arena.

 

[papajohn56]

LendingClub looks like a MUCH better option than Prosper. Just after reading and comparing the prospectus from both, LendingClub has been more consistent and more stable in their numbers.

Also, Prosper was shut down by the SEC at one time, and has a D+ from the BBB. I know most of us hate the BBB here, but a B+ for Lending Club.

 

[LotsOfZeros]

Blind faith of a proclaimed "savior"...

And this is the kind of shit I'm lining up to promote on a certain conservative conspiracy theory site... Good to see my target market is in line.

Why don't you go back and quote me where I said I follow this trader? And you talk about me being blind?

Funny about the site though, I'm doing the same thing with a liberal conspiracy theory site as well. You may have heard of some of the fairy tales coming out of MSNBC right? Great stuff how those liberal prick swallowers line up for their daily injection of talking points.

 

[BigWill]

I just threw a some money into lending club. If anyone is interested in seeing my returns 6months or 12 months down the road let me know.

 

[papajohn56]

I just threw a some money into lending club. If anyone is interested in seeing my returns 6months or 12 months down the road let me know.

will do this. were you picky about borrower ratings?

 

[BigWill]

will do this. were you picky about borrower ratings?

I was avoiding things like debt consolidation as obviously those people have problems with money already. I went for home improvement loans and car loans. Was not very picky. Just kind of skimmed their info and looked at the debt to income ratio.

Oh and also I totally ignored their rating system. Just kind of went off my own.. lol

 

[JKirk]

Oh and also I totally ignored their rating system. Just kind of went off my own.. lol

Haha, I was going to do that at first but then I realized some of these guys don't even post much more than a title and there's no feedback rating so gotta use something to calculate my risk. I wish there was some type of history on these members besides whether they had a delinquency or not.

For instance, this one guy on there claims to have already paid back a $20,000 loan and is asking for $25,000 for something else. It would be nice to verify because that is some insurance in itself...

+1 for LendingClub also because it allows my state to actually lend while Prosper does not.

 

[BigWill]

Haha, I was going to do that at first but then I realized some of these guys don't even post much more than a title and there's no feedback rating so gotta use something to calculate my risk. I wish there was some type of history on these members besides whether they had a delinquency or not.

For instance, this one guy on there claims to have already paid back a $20,000 loan and is asking for $25,000 for something else. It would be nice to verify because that is some insurance in itself...

+1 for LendingClub also because it allows my state to actually lend while Prosper does not.

Yeah I was only funding ones that were close to being finished. I let other people ask the questions and do research for me.. lol

On a side note im going to start blogging home rehabs(if it starts taking too much time im going to quit). If anyone is interested let me know. I just closed on another today.

 

[Insomniac]

P2P lending is a bit iffy to me. Banks at least get to leverage their lending, us schmucks are stuck at our base. 9-15% returns aren't awesome, especially if it's tied up for 36 months, and taking a 1% hit to exit early doesn't help much either. I'd prefer to put it in a federally insured account and pocket 5.25% guaranteed with the advantage of having 24/7 access to it.

 

[JKirk]

P2P lending is a bit iffy to me. Banks at least get to leverage their lending, us schmucks are stuck at our base. 9-15% returns aren't awesome, especially if it's tied up for 36 months, and taking a 1% hit to exit early doesn't help much either. I'd prefer to put it in a federally insured account and pocket 5.25% guaranteed with the advantage of having 24/7 access to it.

That's what I am beginning to think. Some people claim that they expect to pay it in shorter time but that would suck expecting it to be paid back with a couple months or a year and it turns out being 3 years... I mean P2P lending is good if the money is otherwise just going to sit in your checking account but there are definitely safer means of investing your spare cash.

PS: Got any recommendations for such an account you mention with that interest rate?