The Paperback Of Game Is Now Available! Several retailers have begun selling the physical copy of Game with free shipping. Click Here For Full Details.

Post Reply 
How would you invest $5000 right now?
Author Message
liberlandio Offline
Game Denialist
Silver Member

Posts: 30
Joined: Jan 2016
Reputation: 0
Post: #1
How would you invest $5000 right now?
I have US $5000 that I don't plan on using soon. Any ideas as to how I could invest this money now?

One Idea
I was considering purchasing some expensive software and use it to provide a service on Fiverr. If the software is expensive, I'll have little competition. Of course, I'd make sure the software has a money back guarantee in case I can't make any money on Fiverr. I don't know which software to buy though.


Thank you guys!
(This post was last modified: 11-28-2018 10:45 AM by liberlandio.)
11-28-2018 10:45 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes liberlandio's post:
CincinnatiKid
Jefferson Offline
Banned

Posts: 494
Joined: Aug 2018
Post: #2
RE: How would you invest $5000 right now?
That is the perfect amount to start a Forex account with. In two weeks you could double it to 10,000 if you follow a proven strategy, have risk management and control your psychology.
11-28-2018 10:52 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Jefferson's post:
The Grey
redbeard Offline
True Player
*****
Gold Member

Posts: 2,683
Joined: Jan 2014
Reputation: 67
Post: #3
RE: How would you invest $5000 right now?
Please don't do this:

(11-28-2018 10:52 AM)Jefferson Wrote:  That is the perfect amount to start a Forex account with. In two weeks you could double it to 10,000 if you follow a proven strategy, have risk management and control your psychology.

Without knowing your personal financial situation, it's hard to say what would be a worthwhile investment.

Do you have any debts to pay off? If so, that's usually the best place to start, especially before you start investing, and double especially before you start trading.

From there, how much income do you have coming in every month? Do you want to make a career change, or become self-employed? If you can invest that $5,000 in learning a skill that will take you there, do that.

Don't even consider trading unless you're ready to lose the entire $5,000, and have reliable income streams outside of trading to help fund your account.

1 Year NoFap Veteran --- No Days Off in Trump's America
11-28-2018 11:00 AM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
[-] The following 10 users Like redbeard's post:
Isaac Jordan, kbell, Built to Fade, Vincent Chase, Swell, Biz, Selembao, RatInTheWoods, semibaron, DJ-Matt
Vincent Chase Offline
Wingman
***
Gold Member

Posts: 839
Joined: Feb 2015
Reputation: 24
Post: #4
RE: How would you invest $5000 right now?
(11-28-2018 10:52 AM)Jefferson Wrote:  That is the perfect amount to start a Forex account with. In two weeks you could double it to 10,000 if you follow a proven strategy, have risk management and control your psychology.

Much better chance he'll lose all of it.
11-28-2018 01:45 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like Vincent Chase's post:
JackinMelbourne, Spaniard88
debeguiled Offline
International Playboy
******
Gold Member

Posts: 5,934
Joined: Aug 2014
Reputation: 106
Post: #5
RE: How would you invest $5000 right now?
Buy T Bills or a T Bill Fund/ETF and keep putting money into it until you have one year's operating expenses socked away in case of sickness or loss of work.

Then start talking about investing.

“The greatest burden a child must bear is the unlived life of its parents.”

Carl Jung
11-28-2018 01:56 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 9 users Like debeguiled's post:
redbeard, 456, Suits, EvanWilson, Road_Less_Taken, Salesian, MrTickle, DJ-Matt, Adonis
The Grey Online
Game Denialist

Posts: 44
Joined: Jul 2018
Reputation: 2
Post: #6
RE: How would you invest $5000 right now?
(11-28-2018 11:00 AM)redbeard Wrote:  Please don't do this:

(11-28-2018 10:52 AM)Jefferson Wrote:  That is the perfect amount to start a Forex account with. In two weeks you could double it to 10,000 if you follow a proven strategy, have risk management and control your psychology.

Without knowing your personal financial situation, it's hard to say what would be a worthwhile investment.

Do you have any debts to pay off? If so, that's usually the best place to start, especially before you start investing, and double especially before you start trading.

From there, how much income do you have coming in every month? Do you want to make a career change, or become self-employed? If you can invest that $5,000 in learning a skill that will take you there, do that.

Don't even consider trading unless you're ready to lose the entire $5,000, and have reliable income streams outside of trading to help fund your account.

He was joking lol

Best way to invest $5000 right now I reckon, is starting your own business.
11-28-2018 10:02 PM
Find all posts by this user Like Post Quote this message in a reply
SteezeySteve Offline
Chubby Chaser
**

Posts: 357
Joined: Apr 2014
Reputation: 4
Post: #7
RE: How would you invest $5000 right now?
Save it for living expenses for when im at the point where i am almost self sufficent and ready to focus on my own business

Use the money to cover costs while that comes to fruition.

(This post was last modified: 11-28-2018 10:20 PM by SteezeySteve.)
11-28-2018 10:19 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 4 users Like SteezeySteve's post:
EvanWilson, Built to Fade, redbeard, debeguiled
Cattle Rustler Offline
Innovative Casanova
*******
Gold Member

Posts: 6,286
Joined: Jun 2013
Reputation: 107
Post: #8
RE: How would you invest $5000 right now?
Buy Etherum.

Cattle 5000 Rustlings #RustleHouseRecords #5000Posts
Houston (Montrose), Texas

"May get ugly at times. But we get by. Real Niggas never die." - cdr

Follow the Rustler on Twitter | Telegram: CattleRustler

Game is the difference between a broke average looking dude in a 2nd tier city turning bad bitch feminists into maids and fucktoys and a well to do lawyer with 50x the dough taking 3 dates to bang broads in philly.
11-28-2018 11:29 PM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
Swell Offline
Chubby Chaser
**
Gold Member

Posts: 371
Joined: Oct 2015
Reputation: 3
Post: #9
RE: How would you invest $5000 right now?
if I had an extra $5000; I would buy a power-rack, a bar and some plates.

Invest in yourself.

"to thrive in that hunger." -Balkan
11-28-2018 11:39 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 11 users Like Swell's post:
Sidney Crosby, Built to Fade, General Stalin, Meliorare93, debeguiled, the Thing, Mig Picante, Tactician, semibaron, LINUX, Adonis
General Stalin Offline
International Playboy
******
Gold Member

Posts: 4,928
Joined: Nov 2013
Reputation: 123
Post: #10
RE: How would you invest $5000 right now?
Depends on your situation.

If it were me and I had zero debt then I would simply put it away and use it as a stepping block to build a nest egg or a downpayment for some investment property. $5k isn't exactly a big enough sum of money to really invest in anything worthwhile enough to net respectable returns. If you don't have anything small and near-term that you could use that money on (paying off debt, doing some repairs to your car, straightening your teeth, whatever) then just put it away and add to it.
11-29-2018 12:35 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 5 users Like General Stalin's post:
Built to Fade, redbeard, debeguiled, Jetset, LINUX
Jetset Offline
True Player
*****

Posts: 2,019
Joined: Jan 2017
Reputation: 40
Post: #11
RE: How would you invest $5000 right now?
1) Any debts?

2) If American, do you have a Roth IRA and what is your tax bracket?

3) What's your time horizon, meaning how long will you leave it before you might need to draw it down? This is an absolutely critical question.

"He always wanted to drift forever, but through the American Southwest."
(This post was last modified: 11-29-2018 08:38 AM by Jetset.)
11-29-2018 08:36 AM
Find all posts by this user Like Post Quote this message in a reply
Obermarschall Offline
Game Denialist

Posts: 53
Joined: Jul 2018
Reputation: 0
Post: #12
RE: How would you invest $5000 right now?
I heard that Bitcoin is rather cheap nowadays...
11-29-2018 08:43 AM
Find all posts by this user Like Post Quote this message in a reply
rafal Offline
Male Feminist

Posts: 9
Joined: Jun 2015
Reputation: 0
Post: #13
RE: How would you invest $5000 right now?
All in 0xProject (ZRX) coin. 15USD by march 2019.
11-29-2018 09:52 AM
Find all posts by this user Like Post Quote this message in a reply
replicaforit Offline
Male Feminist

Posts: 8
Joined: Dec 2016
Reputation: 0
Post: #14
RE: How would you invest $5000 right now?
(11-29-2018 09:52 AM)rafal Wrote:  All in 0xProject (ZRX) coin. 15USD by march 2019.

Can you elaborate?
11-29-2018 12:29 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes replicaforit's post:
Sidney Crosby
Mig Picante Offline
Chubby Chaser
**

Posts: 252
Joined: Jan 2017
Reputation: 0
Post: #15
RE: How would you invest $5000 right now?
(11-28-2018 10:45 AM)liberlandio Wrote:  I have US $5000 that I don't plan on using soon. Any ideas as to how I could invest this money now?

One Idea
I was considering purchasing some expensive software and use it to provide a service on Fiverr. If the software is expensive, I'll have little competition. Of course, I'd make sure the software has a money back guarantee in case I can't make any money on Fiverr. I don't know which software to buy though.


Thank you guys!

I am not suggesting that it's a good idea BUT if you were cemented to this idea.

1. Make the ad and see if you get any bites to gauge interest for your service before buying software.

2. Secondly, why use a platform that takes a cut of your money? Create your own site and advertise it yourself.
11-30-2018 08:30 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Mig Picante's post:
redbeard
chrisblackbeard Offline
Beta Orbiter
*

Posts: 79
Joined: Feb 2018
Reputation: 1
Post: #16
RE: How would you invest $5000 right now?
If you do use it to learn how to trade, I would still trade small (10% of your account in trades) and I'd count on losing just about all of it. trading is an incredibly risky way to invest

You should provide more information, such as how much risk you are willing to take, passive vs non-passive, etc.
11-30-2018 10:55 AM
Find all posts by this user Like Post Quote this message in a reply
Jefferson Offline
Banned

Posts: 494
Joined: Aug 2018
Post: #17
RE: How would you invest $5000 right now?
10% of the account is a small trade? Don't you mean 2 or 3%?

If you open an account of USD 500 (not 5000) and you risk 2% you can make 35 losing trades and still your account is not wiped out. Nobody has a losing streak of 35 trades. Nobody. Not if they use a proven system.

Do the maths, calculate it in a spreadsheet. The numbers don't lie. 500 dollars, risk 10 on each trade, with 35 losing trades your account is not wiped out.

People lose their account because they don't calculate their stop loss properly. If you risk 2% per trade you won't wipe out your account even if you make 35 false trades in a row.
11-30-2018 11:20 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Jefferson's post:
redbeard
ShotgunUppercuts Offline
Wingman
***

Posts: 659
Joined: Sep 2016
Reputation: 4
Post: #18
RE: How would you invest $5000 right now?
Knock off 90% of my debt
11-30-2018 02:12 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like ShotgunUppercuts's post:
Built to Fade, General Stalin
Mig Picante Offline
Chubby Chaser
**

Posts: 252
Joined: Jan 2017
Reputation: 0
Post: #19
RE: How would you invest $5000 right now?
I recently saved 5k to invest and prefer individual stocks. I am starting to think it's not a big enough sum as you have to pay brokerage/transaction costs which eat into the yield. Instead I'm aiming for 10k. Looking at income stocks and intend to buy and hold for 5+ years, collecting the dividends while continuing to save.

Saving $5k is nothing to dismiss, but it's important to have all your financial habits sorted out first, lowered or removed all your recurring expenses/bills and have enough cash for an emergency/unexpected event so that you don't become a forced seller.
11-30-2018 10:51 PM
Find all posts by this user Like Post Quote this message in a reply
RatInTheWoods Offline
True Player
*****
Gold Member

Posts: 2,775
Joined: Jul 2015
Reputation: 27
Post: #20
RE: How would you invest $5000 right now?
Pay off any debt you have.

Replace or repair any items coming up for mandatory replacement ie bring forward inescapable costs.

If you have any left, then that amount of money is best held at call as cash, as an emergency fund.

In the event of an emergency you don't end up homeless, without a car so you lose your job, or going hungry.

$20K is the minimum parcel I would consider investing.
12-01-2018 03:37 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 5 users Like RatInTheWoods's post:
Built to Fade, redbeard, Repo, arafat scarf, Syberpunk
the-dream Offline
Chubby Chaser
**

Posts: 564
Joined: Dec 2013
Reputation: 21
Post: #21
RE: How would you invest $5000 right now?
So what would you invest $20k in, Rat?
12-01-2018 04:56 AM
Find all posts by this user Like Post Quote this message in a reply
EEnomad Offline
Game Denialist

Posts: 25
Joined: Aug 2018
Reputation: 0
Post: #22
RE: How would you invest $5000 right now?
(11-30-2018 11:20 AM)Jefferson Wrote:  10% of the account is a small trade? Don't you mean 2 or 3%?

If you open an account of USD 500 (not 5000) and you risk 2% you can make 35 losing trades and still your account is not wiped out. Nobody has a losing streak of 35 trades. Nobody. Not if they use a proven system.

Do the maths, calculate it in a spreadsheet. The numbers don't lie. 500 dollars, risk 10 on each trade, with 35 losing trades your account is not wiped out.

People lose their account because they don't calculate their stop loss properly. If you risk 2% per trade you won't wipe out your account even if you make 35 false trades in a row.
Cool stuff bro. Let's see your audited brokerage statements then.
12-01-2018 06:33 AM
Find all posts by this user Like Post Quote this message in a reply
FraddyD Offline
Male Feminist

Posts: 4
Joined: Dec 2018
Reputation: 0
Post: #23
RE: How would you invest $5000 right now?
Great ideas here! Hope to apply some of them to my life
12-01-2018 06:55 AM
Find all posts by this user Like Post Quote this message in a reply
RatInTheWoods Offline
True Player
*****
Gold Member

Posts: 2,775
Joined: Jul 2015
Reputation: 27
Post: #24
RE: How would you invest $5000 right now?
(12-01-2018 04:56 AM)the-dream Wrote:  So what would you invest $20k in, Rat?

In Australia, I buy bank shares (they on sale at the moment) they have a 4% dividend each year and odds are to sit on a 3-4% capital gain over the next few years.

3-4% term deposit?

These might seem a bit safe and boring, but at the moment, I am a bit worried about investments, I feel a storm coming.
12-01-2018 11:53 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like RatInTheWoods's post:
Built to Fade, the-dream
Australia Sucks Offline
Wingman
***

Posts: 631
Joined: Aug 2016
Reputation: 12
Post: #25
RE: How would you invest $5000 right now?
Really? Bank shares? There are so many better shares to buy in Australia then the stodgy no growth (earnings per share are likely to go backwards over the next few years) banks!
(This post was last modified: 12-02-2018 01:20 AM by Australia Sucks.)
12-02-2018 01:19 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Australia Sucks's post:
Built to Fade
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  If you were given 5k to invest in crypto hooked_on_tonics 27 3,382 11-25-2018 11:50 AM
Last Post: semibaron
  What to Invest in the next 3 years? Excalibur 17 1,947 09-12-2018 04:07 PM
Last Post: rosario
  Sell my house and invest it and travel or keep it? benji 22 6,658 03-09-2018 08:05 PM
Last Post: RichieP

Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication