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Playing With Money - And Making More
Ready to start playing with your money? Not interested in complicated businesses or boring bank C.D.'s? Here are some methods that aren't quite a business because you can do them once, or just whenever you feel like it. Start small and the risk is small.
Loan Sharking
Years ago a friend got a good job when I loaned him $300 to buy the necessary tools. I charged a $6 per week loan fee (don't call it interest) until he paid in full. That's more than 100% annual interest, and yes, we're still friends. Check the laws in your area if you try this, and take collateral. I don't loanshark any longer, but in my early twenties I loaned as much as $2,000 at a time ($100/month loan fee), and only once was stiffed on a small loan.
Investing In Other's Expertise
John showed me several car magazines before I understood why an old fiberglass car was a good deal at $2,300. What's a Corvette? He convinced me to put up the money, and after a new transmission for $900, he sold the 1976 Corvette for $4,300, netting us $1,000. I took half the profit ($500) for putting up the money for the two weeks.
I've done this many times with friends who know cars but don't have cash. Incidentally, if I had paid a $50 cash advance fee and 18% interest to raise the money with a credit card, my profit would still have been over $400, and John did all the work. I love playing with money. Do you have any friends who know about boats?
Buying Estates
My wife and I met a couple who buy out estates, sell some of it at flea markets, then run the rest through auctions. They've made a living at this for years. After negotiating to buy a whole house full of stuff, thay load up their trailer. If they don't want to do the flea market thing, they auction everything on Sunday afternoon for a nice profit.
If you're a good judge of value and have an auction nearby, you could also do this with rummage sales. Offer $100 for everything, then auction it off piece-by-piece. An auction near us lets anyone in, with no fee to enter - just a 25% commission on anything sold.
Playing With The Casino's Money
When I worked the roulette wheel at a casino I saw many people foolishly writing down the numbers that came up. Their theories were mostly nonsense. Casinos welcome these players and even hand them the pen and paper.
One man, however, was actually scientific about it. He found a bias in the wheel, after "charting" it for more than 5,000 spins. A number pays 35 to 1, but one of the numbers, due to manufacturing imperfections or whatever, was appearing 1 in 27 spins, instead of the average 1 in 38 spins.
He bet $10 a spin, and he profited $80 for every 27 spins of the wheel in the long run, or about $100 per hour. Since the ups and downs are dramatic, this is not for the faint-hearted. Even though he made tens of thousands, I saw him lose as much as $700 in a night. Remember too that not all wheels have biases (the casino eventually replaced that wheel). Have you ever tried "card counting" in blackjack?... Steve Gillman has been studying every aspect of money for thirty years. You can find more interesting and useful information on his website; http://www.UnusualWaysToMakeMoney.com
Additional Reading
Forex Trading Explained.
DrForex's top selling forex book Bird Watching in Lion Country - Forex Trading Explained in e-format.
The Biggest Oil Opportunity in the World – And How You Can Profit From It
The article discusses a region of the world that offers the best opportunities for investing in oil and names the stocks that are likely to benefit.
Creating Wealth by Gearing Up
Gearing is where you borrow money to invest. As already mentioned, it is best to clear all your debt before looking at investment. However, there will arise situations where the investment is a good one and it is necessary to borrow a small amount to make the deal work. The borrowing may be for property or shares.
Forex market offers opportunity and information
The forex market is what is called an international exchange currency market, where currencies are exchanged on a daily basis. There are five forex market centers around the world: New York, London, Tokyo, Frankfurt and Zurich. One does not need to be on the trading floor, so to speak to be involved in the forex market. Today, forex trading can be done from home on a computer.
What If You Absolutely Positively Could Not Lose - Would You Play the Stock Market?
Most Seniors are unhappy with the Low Returns of CD's but are unwilling to Gamble in the Stock Market for a Better Return on Investment. Now you can invest in the Stock Market and be Guaranteed you will not loose any Money? You can have the Upside potential of many popular Stock Market Indices with absolutely No Downside Risk and a 10% Bonus To Boot.
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The original name of the American Stock Exchange was "The Curb", because it was originally started by traders on the streets of New York City standing on and by the street curb.
