If you had $1000 to invest....

Mike@Fortrecx · Post by **Mike@Fortrecx** » Wed Jul 08, 2020 7:05 pm

$1000 is not much but you could consider buying some ETF, they are great for small accounts. some of them pay a bit of dividends. A good strategy, if you can, would be to put aside a bit of money every month and buy more of that ETF, which in turn will grow with it's dividends reinvested and your monthly contribution. This way you can have a nest egg in couple of years.
Not a financial advise, do your own research. Good luck

Wolf359 · Post by **Wolf359** » Sun Jul 12, 2020 12:56 pm

Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk

Duncan · Post by **Duncan** » Sun Jul 12, 2020 2:45 pm

Wolf359 wrote: ↑Sun Jul 12, 2020 12:56 pm Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk

You haven't mentioned a Bar . Why not . :stir:

rozzieoz · Post by **rozzieoz** » Sun Jul 12, 2020 6:25 pm

I was really hoping to have at least a grand saved by now - after becoming single and no longer having to support my ex and his other girlfriend, I thought for sure I'd be back on track in no time and ready to save.
But then Covid happened, work slowed down and every time I have any sort of spare cash someone in desperate need comes along and I just can't turn my back.

Hopefully when all this madness is over I can get back to my dreams.

Post by **Username Taken** » Sun Jul 12, 2020 6:39 pm

Duncan wrote: ↑Sun Jul 12, 2020 2:45 pm
Wolf359 wrote: ↑Sun Jul 12, 2020 12:56 pm Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk
You haven't mentioned a Bar . Why not .

Too late with that one Duncan. Why Not bar is already done.

newkidontheblock · Post by **newkidontheblock** » Sun Jul 12, 2020 9:41 pm

Wolf359 wrote:Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk

Friends and family have this idea of borrowing, but only paying back ‘when they can’ (or never). Some professional moneylenders have been murdered when the borrowers didn’t want to pay them back.

Be careful out there.

rozzieoz · Post by **rozzieoz** » Mon Jul 13, 2020 4:18 am

newkidontheblock wrote: ↑Sun Jul 12, 2020 9:41 pm
Wolf359 wrote:Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk
Friends and family have this idea of borrowing, but only paying back ‘when they can’ (or never). Some professional moneylenders have been murdered when the borrowers didn’t want to pay them back.

Be careful out there.

I set someone up with a little capital to start a money lending business and that was the last I saw of that lol. Never again.
If I help friends, it's a gift, not a loan. I don't enjoy the shift in dynamic when someone owes me money.

Austman · Post by **Austman** » Tue Jul 14, 2020 7:43 am

rozzieoz wrote: ↑Mon Jul 13, 2020 4:18 am
newkidontheblock wrote: ↑Sun Jul 12, 2020 9:41 pm
Wolf359 wrote:Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk
Friends and family have this idea of borrowing, but only paying back ‘when they can’ (or never). Some professional moneylenders have been murdered when the borrowers didn’t want to pay them back.

Be careful out there.
I set someone up with a little capital to start a money lending business and that was the last I saw of that lol. Never again.
If I help friends, it's a gift, not a loan. I don't enjoy the shift in dynamic when someone owes me money.

If you had purchased $1000 worth of qantas shares a year ago they would be worth $49 today
If you had purchased $1000 worth AIG shares a year ago they would be $39 today
If you had purchased $1000 worth Lehman bros shares a year ago they would be $000 today
BUT if you purchased $1000 worth of beer drank all the beer and then returned the cans for recycling. the cans would be worth Aud $234

my investment plan I suggest for you is drink heavily and recycle!

NO obviously just kidding stick it the bank as per another post @ between %5 and %7 or? and keep it up! Good luck

AndyKK · Post by **AndyKK** » Tue Jul 14, 2020 2:00 pm

Austman wrote: ↑Tue Jul 14, 2020 7:43 am
rozzieoz wrote: ↑Mon Jul 13, 2020 4:18 am
newkidontheblock wrote: ↑Sun Jul 12, 2020 9:41 pm
Wolf359 wrote:Throw it in the bank. They give you like 6-7% for the year. Save up some more, deposit some more. Rinse and repeat. Low risk with a decent return. Or you could always try bankrolling a local friend's idea of opening a coffee cart, noodle stand, cosmetics shop, small time money lending, etc if you're up for varying levels of risk
Friends and family have this idea of borrowing, but only paying back ‘when they can’ (or never). Some professional moneylenders have been murdered when the borrowers didn’t want to pay them back.

Be careful out there.
I set someone up with a little capital to start a money lending business and that was the last I saw of that lol. Never again.
If I help friends, it's a gift, not a loan. I don't enjoy the shift in dynamic when someone owes me money.

If you had purchased $1000 worth of qantas shares a year ago they would be worth $49 today
If you had purchased $1000 worth AIG shares a year ago they would be $39 today
If you had purchased $1000 worth Lehman bros shares a year ago they would be $000 today
BUT if you purchased $1000 worth of beer drank all the beer and then returned the cans for recycling. the cans would be worth Aud $234

my investment plan I suggest for you is drink heavily and recycle!

NO obviously just kidding stick it the bank as per another post @ between %5 and %7 or? and keep it up! Good luck

I like that! Have you ever seen an expat drinking at bars in the city, then putting his empty cans in a plastic bag too take home

amatuertrader · Post by **amatuertrader** » Wed Jul 22, 2020 9:20 am

Roz;

I have been an active stock market day trader with only $1500 most of this year.
It's great fun and I'm doing quite well.
If you are still interested I can tell you what I am doing.

I'm not an advisor, not a professional but I did work at the Boston stock exchange years ago and know a few things about the market.
I can tell what I am doing but you have to make your own decisions.

Any questions before boring everyone?

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