Quote:
Originally Posted by ElConquistador
so far we have:
2 real estates
- wait a little while and buy some real estate
- buy a foreclosed home and flip it.
2 stocks/mutual
- blue chip conservative growth mutual fund.
- stocks, mix it up and in the next 10 years you should do well
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with 50k i would build up some sites and make money off them,
or start an online currency exchange service
or start a hosting company(start with virtual/reseller plans)
etcc.. stock yield is crappy, u could gain/lose, and mutual fund yield is crappy..
the market sucks now.. better off investing your money into business.
OR, I would buy a laundromat with it.. easy money..
I see that laundromats have about 4yr return on profit.. Basically if you want a laundromat that makes $10k/yr PROFIT, ull spend $40k..
So with your $50k, you will buy a good laundromat that makes $1k/month profit..
It seems small, but $1k/mo for life is good, plus thats about 20% return.
By the way, when you make the first $10k of profit, use it as a 20% down payment for another $50k laundromat..
RINSE and repeat...