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Short term Investments

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Old 09-04-2002, 08:47 PM
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Default Short term Investments

I just got my hands on $6 g's and im looking to make some fast
cash with it.

I got the money from my credit card company, its suppose to be for transfer balance, and its 0% for a year. So I figure I should try to make some cash with it before I pay off my other high interest rate bills with it.

So does anyone have any suggestions?

I know to most of you 6 g's is chump change but im only 26 and I am going to be debt free in less then a year, then its time to start banking money.

Any suggestions would be greatly appreciated...

You could PM me too if you dont want your suggestion "public"

thanks in advance...
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Old 09-04-2002, 09:00 PM
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If your high rate credit card is charging you 20 - 25% you will not be able to find an investment promising that type of return with no risk. Unless you are willing to take a very high degree of risk you will do better paying off the high rate credit card.

Another alternative would be calling Martha Stuart for a good tip.
 
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Old 09-04-2002, 09:04 PM
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I have a great deal for you.

Do you want to make 20%/year tax free and have 0 risk?

Pay off your high interest credit cards. Guarentee 20% return and 0 risk. How much more do you want?
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Old 09-04-2002, 09:07 PM
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How far are you from Atlantic City??
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Old 09-04-2002, 09:14 PM
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hey cobra marty what kind of deal is this?

I was thinking baout maybe buying a car at an auction..

Ac haha yeah I wish....
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Old 09-04-2002, 10:35 PM
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Pay off your debt before you piss it away and wish you had.
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Old 09-04-2002, 10:37 PM
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I agree, pay off any high interest debts you have, it is a safe, fast guarenteed way to earn 15 plus percent.
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Old 09-04-2002, 10:55 PM
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a good friend of mine father runs a fairly large brokerage firm in NYC. They do mainly corperate investing but also handle accounts for a few individuals (must be a very sizable account). I posed hom eth same question about two or three years ago when teh markets was going nuts. And even in those properoous time his answer to how can i make some quick cash, "buy lottery tickets, making risky investments in the markets is just about as stupid" he then proceeded to lecture me how "the stock market isn;t played" its studied and when teh tiem is right and you do all your research you strike. You never make a "killing" but you place several investments over a few years and they add up and you always keep your money growing. He is a firm believer in longterm investments and solid investments. That being said most of his clients have weather the market slump pretty well.

If your interested thereis one company i know of and have been looking at for a while. Its a hit or miss. Either it will pay off or it will tank. Guesss who recommended it??? and yes he said i is gamble but they seem to have solid financials but they are just ina risky business. If anyone wants details e-mail me.
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Old 09-04-2002, 10:58 PM
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Don't invest the money! Pay off your loans first. Paying off your high interest debt is the best investment you can make with the money period!
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Old 09-04-2002, 11:10 PM
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Maybe a waterfront lot in cape coral?? I just bought one, I'm hoping to double in 9 months or least 50% in 6. Search the web for villa realty in cape coral and check out their freshwater listings.
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