Quote:
Originally posted by firebug@Feb 14 2005, 06:19 AM
THis thread has been interesting to observe. One of the reasons why the rich get richer while the poor get poorer, is that the rich are getting 10 - 15% on their 'risky' investments, while the poor are only getting 3-7% on their 'safe' ones. All a 'safe' investment does is guarantee that you will never be wealthy, and anyone can educate themselves with free books from the library on how to become a capable investor.
~bug
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I don't really disagree, but I gotta point out making money is easier once you have it. It sounds almost like you're chastizing who only have 10 grand and are terrified of losing it. Maybe that's not what you meant.
What you consider a 'safe' investment will change a lot based on how much you can afford to lose the investment
There are also a lot more safe investments with 10% returns available when you can invest $10,000 or $100,000 instead of $100 or $1000.
Real estate invesment can be a great tool with 5 to 10K to invest (not a house, more like Berimar or a developer). It's not liquid and it may not be the greatest return, but if you can throw in 5 grand and get 10 or 20 out in 5 to 10 years, that's not a bad play.