General Question

jballou's avatar

If you had 100K to spend, how would you turn it into a constant revenue stream for yourself?

Asked by jballou (2113points) August 8th, 2008

What are the most efficient, fun, or lucrative options for that initial investment?

Observing members: 0 Composing members: 0

11 Answers

shilolo's avatar

Go into business with WakeUp? He seems to have that exact amount as well. Hmmm.

Allie's avatar

I’d invest in something everyone liked or needed. Something in the medical industry sounds reliable. Or maybe food production/sales.
I’d be hesitant to risk that much on a new company and would instead opt for a business that has been around a bit and made a name for itself.
You should be able to buy some shares with 100K, right?

marcobacin's avatar

If you are looking for passive income, then real estate (even in its current mess) is a viable option. It’s still a renter’s market at the moment.

However, with that kind of money, you could also build a website focused on fostering a niche community and then you could monetize it with relevant ads. Ad revenue generating sites are great but difficult to gain traction with.

Judi's avatar

I would wait 1–2 years until the housing market bottoms out and find a couple of rentals to buy. I’d rent them out and hold on tho them until things start coming back (maybe 3–5 years) then sell them take the profit and buy a commercial building.

La_chica_gomela's avatar

Vanguard S&P 500 Index Fund. It’s not perfect, but in the long run, one of the most reliable, and best bang for your buck.

Indy318's avatar

Buy all the gold bricks you can because that stuff is going to skyrocket in demand in the coming years. The stock market is something you have to put a lot of time and effort into but rarely cashes out. Gold prices have been steadily climbing the pass 5 years (currently almost double what they were at the turn of the century) and corresponent to the increase of oil prices. They is some risk because gold prices have historially been irratic at times but with the state of the economy and high demand from Asian countries, such as India and Pakistan, i think gold is the way to go.

peedub's avatar

@Indy- When you purchase gold bricks are they stored for you somewhere, automatically?

Indy318's avatar

Well I have bought biscuits (1 oz.) and keep them in my family safe. My dad was going to buy a 1 kg. brick and lock it up in the safe but he lost contact with the sealer (they had a nice price too). I have never thought of storing it anywhere else than the safe but I would think a bank safe would do just fine.

crunchaweezy's avatar

Buy Fluther shares.

jballou's avatar

As far as I know, Fluther isn’t a publicly traded company, so I can’t buy shares unfortunately.

crunchaweezy's avatar

We know.. :/

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