3 ms·
High yield money market savings. Question of my own now: what is with this spur of people wanting ultra fast turn-arounds on small amounts of money? Genuine q
by iamdave 16y ago
High yield money market savings.
Question of my own now: what is with this spur of people wanting ultra fast turn-arounds on small amounts of money? Genuine question, as maybe I come from an antiquated method of thinking, but if you want to invest with a turn around of two years, you might be investing for the wrong reason.
- 0x47 16y agoI'm not limiting ideas to investing in an traditional since. I was thinking more along the lines of, I have 10k, how can I best leverage that 10k to make more money. For example: I have some programming skills, so i make an iphone app spend 5k on development tools and then another 5k on advertising. Selling my app for $10 and trying to make 10,000 sales. I think 1-2 years is a reasonable timeframe for this. To me this is what business is all about. Finding a way to take a small amount of money, applying your skills and turning it into a larger sum.
- RiderOfGiraffes 16y agoWhat do you live on during that time?
- 0x47 16y agoRamen? I don't know, exercise left up to the reader... The question was how do you make more money with 10k, not how do I live off 10k and make money.
- iamdave 16y agoHere is a more appropriate question, then: what do you want to do?