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Started By
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re: If you were 35, unemployed, and had $50k cash
Posted on 5/14/19 at 5:26 pm to Tyga Woods
Posted on 5/14/19 at 5:26 pm to Tyga Woods
quote:
Open a Robinhood account and make a few day trades a week.
Not sure if serious, but if so, then provide more detail.
1
Posted on 5/14/19 at 5:43 pm to baybeefeetz
A trailer near a sonic and I would find an old town road.
Posted on 5/14/19 at 5:55 pm to baybeefeetz
shite you'd be way ahead of a lot of people in their 30s with a job. They don't just have 50k lying around.
Posted on 5/14/19 at 6:04 pm to Jon Ham
quote:
went from a new hire to a nuisance in short order. I was also using him as a crutch and preventing myself from mastering our guidelines on my own much more quickly than just asking him everything.
quote:
In short, you haven't. So I apologize if my creativity or knowledge isn't something I'd prefer to let you use while you stand on my shoulders to make yourself more successful. How about you put in more effort than just making a post on here asking how to make money?
quote:
Jon Ham
Dude, seriously, back off on the Adderall. You're rambling.
Posted on 5/14/19 at 6:09 pm to Supermoto Tiger
buy btc
Posted on 5/14/19 at 6:12 pm to baybeefeetz
quote:
I'm 35, unemployed, and had $50k cash
Get your real estate license and become a Realtor. 50K is more than enough to help pay the bills for 6-9 months until you can start bringing home serious commission checks. Next goal: start buying rental properties. Do this for 10-15 years and you'll be set for life man.
Posted on 5/14/19 at 6:49 pm to dnm3305
quote:
Without knowing jackshit about truck driving, without having a CDL, without knowing jackshit about DOT regulations, without having an LLC? Good luck
Correct, scratch this idea off list. It’s a bitch
Posted on 5/14/19 at 6:53 pm to Sweltering Chill
quote:
quote:
Open a Robinhood account and make a few day trades a week.
Not sure if serious, but if so, then provide more detail.
Robinhood doesn’t charge any commission or fees.
You can’t really day or swing trade in small amounts with a traditional broker because the transaction costs will eat any returns.
I started playing with it in 2018. Put $500 in my Robinhood account and picked three stocks that trade at a high volume.
Look at the history of a particular stock. Study it.
Stock ABC is currently $3. I see in the past 6 months it has never gone below $2.90 and never over $4.00 Buy 100 shares. It moves to $3.25. Sell it. You just made $25. If you used a traditional online broker they would’ve taken about 25% of your earnings. Eventually I’ll have enough in my account to buy 1000 shares at $3.00. A .25 move then would be 250 dollars.
At the end of the year I had just over $1100.
It’s just a hobby for me. This is not investing. It’s trading. I don’t hold anything for longer than a few days. You can only do 3 “day trades” a week though, so it’s a slow process.
If the OP wants to buy 15,000 shares at $3.00 and the price moves 25 cents in a day, week, month, etc that’s $3,750. Sell, then wait for it to get back to your buy target price and do it again. You need a stock that trades at high volume and moves quite a bit. Easy to find with a little research.
ETA your taxes at the end of the year can get a little complicated but not a big deal really
This post was edited on 5/14/19 at 7:26 pm
Posted on 5/14/19 at 6:58 pm to baybeefeetz
where do you live?
when my advertising business failed in 2010, I became an antique dealer and worked trade shows, made decent money and was off the grid (all cash)
if you are willing to bust your arse, there are lots of ways to make money
when my advertising business failed in 2010, I became an antique dealer and worked trade shows, made decent money and was off the grid (all cash)
if you are willing to bust your arse, there are lots of ways to make money
Posted on 5/14/19 at 7:15 pm to baybeefeetz
I’d get a construction job for some cash flow while I researched my next move.
Posted on 5/14/19 at 7:24 pm to baybeefeetz
A banana stand.
Always money in the banana stand.
Always money in the banana stand.
Posted on 5/14/19 at 7:33 pm to baybeefeetz
Loan shark
Posted on 5/14/19 at 7:39 pm to baybeefeetz
Build your own putt putt course with lumber and plywood. dollar a hole, 
Posted on 5/14/19 at 7:42 pm to baybeefeetz
Carwash, storage lockers and chick fil a.
Posted on 5/14/19 at 7:46 pm to baybeefeetz
Apply for unemployment benefits. Then find a new job.
Posted on 5/14/19 at 7:55 pm to baybeefeetz
quote:
Of course drugs, prostitution, and pimping are not serious answers.
It’s hard enough out there for a pimp, and your negative attitude isn’t helping.
Posted on 5/14/19 at 9:27 pm to Tyga Woods
quote:
If the OP wants to buy 15,000 shares at $3.00 and the price moves 25 cents in a day, week, month, etc that’s $3,750. Sell, then wait for it to get back to your buy target price and do it again. You need a stock that trades at high volume and moves quite a bit. Easy to find with a little research.
Hell, if that’d work, you’d be making $45k a year.. you could actually live off that kind of income in some places.
Posted on 5/14/19 at 9:42 pm to baybeefeetz
Can't believe I made it to the end and no one said buy an HVAC company. Preferably one that is run by an old guy with soy boy children who think the work is beneath them.
Use the 50k for an SBA loan (so much easier to get them now thanks to Trump) make sure he's got at least 30-40% of the revenue from recurring service contracts and you're all set. Helps if you're a minority, too.
Use the 50k for an SBA loan (so much easier to get them now thanks to Trump) make sure he's got at least 30-40% of the revenue from recurring service contracts and you're all set. Helps if you're a minority, too.
Posted on 5/14/19 at 9:43 pm to baybeefeetz
find a casino,
put it all on black
put it all on black
Posted on 5/14/19 at 9:48 pm to blueridgeTiger
You must not be very good at math, just like everyone else who decided to "become an Uber driver" (turn their car into an unlicensed gypsy cab).
There's no way you'd make money driving a heavy expensive vehicle that costs more per mile to operate on a NET basis than you make per mile on a GROSS basis. This is why Uber and Lyft have never made money and their stocks are tanking immediately from the IPOs.
There's no way you'd make money driving a heavy expensive vehicle that costs more per mile to operate on a NET basis than you make per mile on a GROSS basis. This is why Uber and Lyft have never made money and their stocks are tanking immediately from the IPOs.
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