- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Looking for a new hobby. Highest ROI that isn't just a crapshoot?
Posted on 10/14/18 at 12:27 pm
Posted on 10/14/18 at 12:27 pm
I just gave up golf as a hobby due to knee surgery. I would like to play around with the $600-700/month I was spending on golf.
I don't want to mess with crypto or anything else that is just a "close your eyes and pray" strategy.
This is just hobby money that I was going to spend anyway, so I'm not opposed to doing something aggressive with it.
I have a Robin Hood account, but I haven't put any money in it.
Doesn't have to be limited to the stock market either...I'm open to all ideas, and could spend 10-20 hours/week on whatever if time is necessary.
I don't want to mess with crypto or anything else that is just a "close your eyes and pray" strategy.
This is just hobby money that I was going to spend anyway, so I'm not opposed to doing something aggressive with it.
I have a Robin Hood account, but I haven't put any money in it.
Doesn't have to be limited to the stock market either...I'm open to all ideas, and could spend 10-20 hours/week on whatever if time is necessary.
This post was edited on 10/14/18 at 12:28 pm
17
Posted on 10/14/18 at 12:42 pm to Tyga Woods
With my play money I've been buying some marijuana stocks the last few months. I'm considering starting up a small simple business or 2 soon.
Posted on 10/14/18 at 12:51 pm to Tyga Woods
Gamble on sports
Posted on 10/14/18 at 1:01 pm to Tyga Woods
If you don’t care about earning anything on it, you could lend it to micro entrepreneurs around the world through Kiva: LINK. It’s a loan, so you get paid back, but you get the warm fuzzy of encouraging entrepreneurship in some tough parts of the world.
Or consider a local organization or charity that is meaningful in your life: spend the 10-15 hrs a week volunteering with them, and give them the $$ each month. There is probably a youth sports or mentoring group near you that would be thrilled for your involvement and funds. My community has a nice kids’ running club, based at a school w/many disadvantaged students. The funds could be used to buy appropriate shoes/socks, pay for fun run entries & transportation, etc. (I know, you had knee surgery, so running club was a bad example.). Local food bank, Boys/Girls club, Junior Achievement....
Other alternatives: use the funds to patronize a few new/emerging/struggling small businesses in your community....the local cafe, coffee shop, t-shirt printer, auto detailer, or similar might love you as a new customer who sets up a regular appointment, purchase, or reserves a regular table.
Or consider a local organization or charity that is meaningful in your life: spend the 10-15 hrs a week volunteering with them, and give them the $$ each month. There is probably a youth sports or mentoring group near you that would be thrilled for your involvement and funds. My community has a nice kids’ running club, based at a school w/many disadvantaged students. The funds could be used to buy appropriate shoes/socks, pay for fun run entries & transportation, etc. (I know, you had knee surgery, so running club was a bad example.). Local food bank, Boys/Girls club, Junior Achievement....
Other alternatives: use the funds to patronize a few new/emerging/struggling small businesses in your community....the local cafe, coffee shop, t-shirt printer, auto detailer, or similar might love you as a new customer who sets up a regular appointment, purchase, or reserves a regular table.
Posted on 10/14/18 at 1:09 pm to Tyga Woods
Go to garage sales and buy stuff to resale on eBay
Posted on 10/14/18 at 1:50 pm to Tyga Woods
8400 dollars a year is pretty significant. what kind of work do you do?
Posted on 10/14/18 at 2:06 pm to Mud_Till_May
quote:
what kind of work do you do?
I own and operate 3 restaurants
Posted on 10/14/18 at 2:22 pm to Tyga Woods
quote:
I own and operate 3 restaurants
Very nice.
All of those paychecks that you write to your vendors, do a market analysis on one of them. See if you could do what they do and start writing checks to yourself.
finance people call it vertical integration. I call it increasing your margin.
This post was edited on 10/14/18 at 2:25 pm
Posted on 10/14/18 at 2:37 pm to Tyga Woods
quote:
own and operate 3 restaurants
Hmmm. How about buying/operating a small (I’m talking 40 acres or less) farm to supply specialty ingredients for your restaurants? You could source whatever you wanted for new/different dishes in your restaurants.
Posted on 10/14/18 at 2:44 pm to Tyga Woods
quote:
would like to play around with the $600-700/month I was spending on golf.
Jesus
Posted on 10/14/18 at 2:48 pm to HailToTheChiz
quote:
would like to play around with the $600-700/month I was spending on golf.
Jesus
$400/month CC dues plus $20 a pop for cart fee. $600 really isn't outrageous
Posted on 10/14/18 at 2:53 pm to Decisions
quote:
Hmmm. How about buying/operating a small (I’m talking 40 acres or less) farm to supply specialty ingredients for your restaurants? You could source whatever you wanted for new/different dishes in your restaurants.
Not really looking to add a second job. Interesting thought though. I just want to put some money into something and watch it
Posted on 10/14/18 at 3:07 pm to Tyga Woods
I would bet on sports, I emjoy it and actually do well.
Posted on 10/14/18 at 3:26 pm to Tyga Woods
quote:
Not really looking to add a second job.
I absolutely understand.
quote:
I just want to put some money into something and watch it
I believe it’s already been mentioned, but local venture capitalism might be just what you’re looking for. You could check up on the business(es) every once in a while but don’t have to be involved in day-to-day decision making at all.
As a more “fun” investment there’s always horse racing.
And I don’t mean betting. Why not buy all or a fractional share in a promising stud/filly? Posted on 10/14/18 at 3:32 pm to Decisions
quote:
As a more “fun” investment there’s always horse racing. And I don’t mean betting. Why not buy all or a fractional share in a promising stud/filly?
That’s sounds like it would be fun. Gonna look into it
Posted on 10/14/18 at 3:35 pm to Tyga Woods
How good are you at poker?
ETA: Frick it, doesn’t matter how good you are now - you have 20 hrs/ week to practice!
ETA: Frick it, doesn’t matter how good you are now - you have 20 hrs/ week to practice!
This post was edited on 10/14/18 at 3:37 pm
Posted on 10/14/18 at 4:15 pm to Tyga Woods
quote:
$600-700/month
Hookers and blow once a month. Go for it.
Posted on 10/14/18 at 5:46 pm to TigrrrDad
shite I was coming in here to say poker
Not sure where you live but if you live near a decently busy casino, it’ll probably have $2/5 no limit. Could work to get your hourly up and good amount and could realistically make an extra 800-1200 a month from just playing cards.
If you do go this route, save up a decent bankroll... but it doesn’t sound like money is an issue so you can always reload
Not sure where you live but if you live near a decently busy casino, it’ll probably have $2/5 no limit. Could work to get your hourly up and good amount and could realistically make an extra 800-1200 a month from just playing cards.
If you do go this route, save up a decent bankroll... but it doesn’t sound like money is an issue so you can always reload
Posted on 10/14/18 at 6:06 pm to Tyga Woods
quote:
I own and operate 3 restaurants
Well, it's obvious then -- get with your kitchen staff and set up a hobby drug dealing ring.
Posted on 10/14/18 at 7:43 pm to Big Floppy TDs
I’ve honestly thought about trying to learn to play for extra income. I’ve never played before, but I’m great at Yahtzee, and it’s pretty much the same, right? My math skills are in the 99.5 percentile so that has to help. And I’m retired so I could devote some serious time to learning and working my way up. And I blow lots of money on far less noble pursuits. Any time I walk into the casino I’m going to lose $100-200 in a slot machine anyway.
Hit me up, Tyga - we’ll become rounders.
My math skills are in the 99.5 percentile so that has to help. And I’m retired so I could devote some serious time to learning and working my way up. And I blow lots of money on far less noble pursuits. Any time I walk into the casino I’m going to lose $100-200 in a slot machine anyway. Hit me up, Tyga - we’ll become rounders.
This post was edited on 10/14/18 at 8:09 pm
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News