How do you turn $7,500 cash into more in a short amount of time?

synclastica_86 · 09-14-2009, 12:53 PM

Buying stock for 7500 is useless. The only way you can make significant profit is to buy on margin. But then you run the risk of loosing more. Seriously, most of the ppl here is right... the casino seem to be the only option.

KingOfJericho · 09-14-2009, 12:59 PM

Quote:

Originally Posted by synclastica_86

Buying stock for 7500 is useless. The only way you can make significant profit is to buy on margin. But then you run the risk of loosing more. Seriously, most of the ppl here is right... the casino seem to be the only option.

This is very untrue. I stuck a few grand from my bonus last year into some highly levered ETFs and just sat it there. 6 months later I've nearly tripled my money.

synclastica_86 · 09-14-2009, 01:10 PM

6 months, he wants one month. Plus levered products usually requires additional investments to make any sense. Remember, 7500 won't last long.

jaiman · 09-14-2009, 02:28 PM

Quote:

Originally Posted by KingOfJericho

This is very untrue. I stuck a few grand from my bonus last year into some highly levered ETFs and just sat it there. 6 months later I've nearly tripled my money.

Which levered ETF is up 300% in 6 months?

wellwell · 09-14-2009, 05:15 PM

ETF's are actually a good bet. pick an asset class you feel comfortable with and ... basically if you want good advice you're going to have to pay for it. dont listen to anyone on this forum

DevJ · 09-14-2009, 05:33 PM

Should have listened to me! HMA went from 7.41 to 7.93 today and it'll continue to rise. My guess is it'll level off around 17

KingOfJericho · 09-14-2009, 05:38 PM

Quote:

Originally Posted by jaiman

Which levered ETF is up 300% in 6 months?

I bought FAS and BGU in mid-March and have held them since. I have more than doubled my money but you're right, not quite triple.

mpimping · 09-15-2009, 01:41 AM

its a sad sad thread when the casino seems to be the only option,lol. chill with it until you can find a better option. you could buy like a pound of dank and sell it for double but you need to be sure you don't get robbed. you could give me the 7500 and ican go to a venture capitalist and tell them my website idea...

lablueboy · 09-15-2009, 01:46 AM

casino war! all it takes is 1 card.

mpimping · 09-15-2009, 01:56 AM

just go to the casino and wait for the shuffle. when you see a lot of aces in the first deck lets say more than 6 with more than average tens then you should bet 2 hands of 500 but make sure you get the cut card and know where to cut the cards. probably in the midldle or close to it, make sure it's a trackable shuffle and do not play if the dealer doesn't shuffle correctly and it's a simple shuffle...

golfinz · 09-15-2009, 03:03 AM

Become educated on the subjects you are interested in first then you wouldn't even have to ask the question, you would be too busy researching and finding potential opportunities...no offense to anyone here but I would never take financial advise from someone I don't know/trust

marty_mcfly · 09-15-2009, 04:01 AM

Quote:

Originally Posted by 1989baby

Start a Forum about BMWs or something call it Beamerpost.com or something and get a bunch of people to join, and get an advertiser like...... TireShack

bahahaahahah

synclastica_86 · 09-15-2009, 09:16 AM

Quote:

Originally Posted by wellwell

ETF's are actually a good bet. pick an asset class you feel comfortable with and ... basically if you want good advice you're going to have to pay for it. dont listen to anyone on this forum

That's very true, but getting good advice for a 7500 portfolio? This is too little $$ for anyone in the field to take interest. 7500 will just cover the commission.

09-14-2009, 12:53 PM	#23
synclastica_86 Captain 248 Rep 735 Posts Drives: F32 435i, E92 M3, S550 Join Date: Aug 2008 Location: Hong Kong iTrader: (0) Garage List 2013 BMW F32 435iA [0.00] 2009 BMW E92 M3 [0.00] 2008 Mercedes S550 ... [0.00]	Buying stock for 7500 is useless. The only way you can make significant profit is to buy on margin. But then you run the risk of loosing more. Seriously, most of the ppl here is right... the casino seem to be the only option. __________________ Current: BMW F32 435iA M-Sports; BMW E92 M3, M-DCT; Mercedes W221 S550 4matic; Ford Fiesta ST; Nissan Silvia S15 Spec-R Retired: BMW E93 323iA; BMW E85 Z4 3.0i, SMG; Lexus IS 250 AWD; Lexus GX 470; Mercedes W203 C230 Sportscoupe; Peugeot 206 S16; Peugeot 206 RC
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09-14-2009, 01:10 PM	#25
synclastica_86 Captain 248 Rep 735 Posts Drives: F32 435i, E92 M3, S550 Join Date: Aug 2008 Location: Hong Kong iTrader: (0) Garage List 2013 BMW F32 435iA [0.00] 2009 BMW E92 M3 [0.00] 2008 Mercedes S550 ... [0.00]	6 months, he wants one month. Plus levered products usually requires additional investments to make any sense. Remember, 7500 won't last long. __________________ Current: BMW F32 435iA M-Sports; BMW E92 M3, M-DCT; Mercedes W221 S550 4matic; Ford Fiesta ST; Nissan Silvia S15 Spec-R Retired: BMW E93 323iA; BMW E85 Z4 3.0i, SMG; Lexus IS 250 AWD; Lexus GX 470; Mercedes W203 C230 Sportscoupe; Peugeot 206 S16; Peugeot 206 RC
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09-14-2009, 05:15 PM	#27
wellwell Private First Class 5 Rep 169 Posts Drives: E92 335i Join Date: Mar 2009 Location: 30* by 90* iTrader: (1)	ETF's are actually a good bet. pick an asset class you feel comfortable with and ... basically if you want good advice you're going to have to pay for it. dont listen to anyone on this forum
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09-14-2009, 05:33 PM	#28
DevJ Colonel 156 Rep 2,736 Posts Drives: R8 V10+/YMB M4 Join Date: Nov 2007 Location: North Texas iTrader: (1)	Should have listened to me! HMA went from 7.41 to 7.93 today and it'll continue to rise. My guess is it'll level off around 17 __________________ ‘23 RRS First Edition '22 X7 M50i '18 R8 V10+ http://www.bimmerpost.com/forums/attachment.php?attachmentid=133578&d=1204654487[/IMG]
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09-15-2009, 01:41 AM	#30
mpimping Banned 865 Rep 336 Posts Drives: gti Join Date: Sep 2006 Location: ny,ny iTrader: (0)	its a sad sad thread when the casino seems to be the only option,lol. chill with it until you can find a better option. you could buy like a pound of dank and sell it for double but you need to be sure you don't get robbed. you could give me the 7500 and ican go to a venture capitalist and tell them my website idea...
	Appreciate 0 Quote

09-15-2009, 01:46 AM	#31
lablueboy Private First Class 9 Rep 110 Posts Drives: E92 335i Join Date: Apr 2008 Location: OK iTrader: (0)	casino war! all it takes is 1 card.
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09-15-2009, 01:56 AM	#32
mpimping Banned 865 Rep 336 Posts Drives: gti Join Date: Sep 2006 Location: ny,ny iTrader: (0)	just go to the casino and wait for the shuffle. when you see a lot of aces in the first deck lets say more than 6 with more than average tens then you should bet 2 hands of 500 but make sure you get the cut card and know where to cut the cards. probably in the midldle or close to it, make sure it's a trackable shuffle and do not play if the dealer doesn't shuffle correctly and it's a simple shuffle...
	Appreciate 0 Quote

09-15-2009, 03:03 AM	#33
golfinz Captain 237 Rep 759 Posts Drives: Tanzanite M3 Join Date: Apr 2009 Location: usa iTrader: (3)	Become educated on the subjects you are interested in first then you wouldn't even have to ask the question, you would be too busy researching and finding potential opportunities...no offense to anyone here but I would never take financial advise from someone I don't know/trust
	Appreciate 0 Quote