|
|
DrugWarVeteran
Antiprohibitionist
Joined: 15 Jan 2008
Posts: 25
Location: camouflaged in a suit and tie
|
 Posted: Sat Jan 19, 2008 12:52 am Post subject: |
 |
|
|
anonymous prepaid credit cards
get them at CVS
run them through a few paypal accounts to a bank account.
tell your bank its from selling stuff on EBAY. |
|
| Back to top |
|
|
Brute4291
Mod-er-rater?
Joined: 01 Dec 2007
Posts: 637
Location: Zion
|
| Posted: Mon Jan 21, 2008 8:55 am Post subject: |
|
|
|
Lol buy oil
I'd say if you live in America since the economy is going down Buying gold you might actually make more money when you sell it back
Or donate it to Ron Paul lol |
|
| Back to top |
|
|
4change
Antiprohibitionist
Joined: 01 Jan 2008
Posts: 16
|
| Posted: Fri Jan 25, 2008 11:36 am Post subject: A few more ideas... |
|
|
|
1. Buy a home! In almost every state you can still find some homes - albeit fixers maybe not in swanktown - for $50k, esp now. Keep it 2 years, fix it up while living in it as your main home, improve its value every way you can. When you sell it for say $100k, those "capital gains" are tax-free up to $250k per owner! It's imo the biggest tax loophole we have, many do it for their main income. You'll build your credit, then turn around and with the profits buy another; with 50k down you could easily buy a $300k home using a mortgage loan as leverage, repeat every 2 years. I do this, it is a very good time to buy with countless foreclosures and other deals to be had nationwide, a real buyers market. Just buy in re-sellable areas, and of course become educated. Homes have utility, unlike art or something you can't live in or derive use from until it is converted to cash. You can even use it for business of course, and many other useful activites..
2. Gold/Silver is good, as said earlier, coins best. When this thread began gold was around $600, now has broken $900 in a few months. Hard to tell which way it will go but my bet is we won't see it under $800 for years. Also, if you open a free e-gold account, your money is now pegged to gold rather than to the weak dollar which has lost much of its value in the Bush admin, so don't go burying your cash since it justs falls in true spending value. Just against the Canadian dollar we've lost about 45% in 7 years, so at least convert them to a better currency first if you do.
3. Trade Forex, which is a serious hobby to trade in all the world's currencies, one that can make you a very nice profit if you study and use discipline. I know people who make 10-30% each month, and you can start with under $1k if you want. Other investments may be good too, just focus your learning and apply.
4. Invest in someone else's business talent. You can have any arrangement you agree on, just take steps to protect yourself from liability and loss.
5. Offshore banks are tricky, so become very educated and savvy before jumping into this arena. Many have laid a thin trail that caused a lot of grief. It's not cheap, at least for the good ones, and is absolutely rife with scammers and "perpetual travelers" who cannot be easily held to account for losing your money. You either need to do this completely off the radar - which subjects you to the scammers - or do it above board which then requires a lot of expensive tax filings to report everything.
6. Travel, fall in love - or at least in solid trust - and entrust your windfall with them to invest in a business venture. Maybe move there if you like it! Of course the USA wants you to report all worldwide income, depends on you.
7. Put some aside, spread your eggs around, be wise. If you still can't find a way to put those bucks to work, then feel free to pm me; I'd pay you a healthy return investing in any of several businesses I have. |
|
| Back to top |
|
|
Movie Pimp
Antiprohibitionist
Joined: 01 Nov 2007
Posts: 28
Location: Police State of America
|
| Posted: Fri Jan 25, 2008 5:38 pm Post subject: |
|
|
|
| Very good ideas 4change. I also suggest investing in commodities through etfs and stocks. Ones that should provide nice steady returns would be ones that follow a commodity index (agriculture, metals, energy, or combinations of them) or commodity stocks. I prefer junior mining stocks, but I am not that adverse to risk. Smaller exploration and mining companies are an absolute bargain right now. Once average stock traders discover them they will go up astronomically. Just remember to spread your bets around, it lowers your risk dramatically. A lot of them sell for less than a dollar so you can start out very small (and you can open a trading account for about $500.) As more and more people (and foreign countries) lose faith in the US dollar, precious metals will become more and more popular and rise in price. My personal investment faves are silver, natural gas, and most agriculture. Good Luck! |
|
| Back to top |
|
|
Joe
Activist
Joined: 26 Jan 2008
Posts: 270
|
| Posted: Sat Jan 26, 2008 4:54 pm Post subject: |
|
|
|
Food for thought.
"Safe"?
1. A safety deposit box is by no means safe. Never has been. Never will be.
Answer: If case serious/large enough, relatives boxes may also be targeted.
2.Gold? Considering that last time gold was at this level it took 20yrs to reach it again. I would say not. (Unless you buy at a low, which it is nowhere near.)
Answer: Only if one watches and buys at a historically low level, which is not anytime soon)
3.Stones/gems?Same deal. No investment value whatsoever.(Just like gold,there are market values which could go either way but a "small" guy reselling sure to get short end of stick by about 60% loss)
Answer: Don't
4.Properties? Subject to seizure, enough said.
Answer: Have relatives purchase legally and pay contractors for improvements in cash.
5.Offshore?
Call one (bank) and prepare yourself for them to ask for your social and review income tax returns for section about reporting foreign held accounts.
They will even ask in some cases for documentation supporting your method of income for file.
6.Brokerage and Trading accounts?
Social security and year end docs straight to IRS. |
|
| Back to top |
|
|
dawsonspaw
anonymouse tipster
Joined: 11 Apr 2007
Posts: 398
Location: Somewhere in the temporal space inside my mind
|
| Posted: Sat Jan 26, 2008 5:43 pm Post subject: |
|
|
|
| so what you are saying is there really is no safety,in making alot of money off the radar? |
|
| Back to top |
|
|
Joe
Activist
Joined: 26 Jan 2008
Posts: 270
|
| Posted: Sat Jan 26, 2008 6:01 pm Post subject: |
|
|
|
| Not in the least.I was merely correcting the above methods for people.Previous info was incorrect. |
|
| Back to top |
|
|
yamaha_1fan
Concerned Citizen
Joined: 28 Jan 2008
Posts: 3
|
| Posted: Mon Jan 28, 2008 6:14 pm Post subject: |
|
|
|
| KrazyKracker wrote: | | Im not sure but splitting up your money in different banks would be a smart move also... The banks where I live will only insure $10,000 in one bank account if they get robbed. But yes investment would also be a good idea with that much money.. |
You need a new bank
| Quote: | | The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $100,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails. |
If a bank gets robbed, who is to say that was YOUR money thot got stolen? If a local bank gets robbed, and it puts them out of business, they had serious issues before that. LOL
You dont have to worry about your bank getting robbed.
If dealing with that much cash, I would NOT put it into anything that can be seized such as cars, houses etc. Maybe using it to make small downpayments on rentals/investements and trying to develop a trail od legit money. But if you are busted and cant proove the income, you are loosing it all. SO better to have a little invested instead of alot. |
|
| Back to top |
|
|
mj3141
Concerned Citizen
Joined: 23 Feb 2008
Posts: 6
|
| Posted: Mon Sep 15, 2008 10:58 pm Post subject: |
|
|
|
| Perhaps you could take a trip to Europe and take a large amount of cash with you. There you could deposit it into a swiss bank account. |
|
| Back to top |
|
|
|
