All Topics / Creative Investing / Best place to invest cash?

Viewing 9 posts - 21 through 29 (of 29 total)
  • Profile photo of PLCPLC
    Participant
    @plc
    Join Date: 2012
    Post Count: 400

    Can think of plenty of ways, but the downside is they are all illegal.

    One thing I thought of a few years back was to plonk excess money into an overseas poker site account which is based on US dollars, and let it sit there until the Aussie dollar dropped back to historic levels, and then pull the money out making a tidy profit. Decided against it, as I would have blown the money instead by playing with it. Plus who know how long I would have had to wait for the dollar to drop down.

    Cheers

    Tom

    PLC | Phoenix Loan Consulting
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    Melbourne based Mortgage Broker | Making Finance Simple

    Profile photo of TheFinanceShopTheFinanceShop
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    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271

    A lot investors have investments in Gold as it is going up (as they say) but the problem is that you lose a fair bit of money on the conversion and transfer to cash process. Contrary to his statement I remember Warren Buffet always saying that he would never invest in Gold. Is Switzerland an option?

    TheFinanceShop | Elite Property Finance
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    Residential and Commercial Brokerage

    Profile photo of molothmoloth
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    @moloth
    Join Date: 2012
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    I remember reading some of Lance Spicers stuff and he said that collectible coins with real gold or silver or platinum content was always a good way to transfer cash while holding their value. Also Negotiable Bonds.

    As for transferring currency without hitting the $10,000 reporting limit the Australian nugget available in 1kg coins only has a face value of $3000. http://en.wikipedia.org/wiki/Australian_Gold_Nugget

    Profile photo of TaylorChangTaylorChang
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    @scha9799
    Join Date: 2009
    Post Count: 234

    Vendor finance !

    Arrange rent to buy with property seller.  you name will not be on the title but you can control the asset.

    TaylorChang | Finance Broker
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    Home loan | Commercial loan | 0414 691 517

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
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    For Phil's benefit the Isle of Wight is off the East coast of Lymington in Hampshire and certainly is part of the UK.

    You could always look at lending the funds to a Company that specialises in secured funding or 2nd mortgages.

    Currently probably earning 10% per annum.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Jacob MartinJacob Martin
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    @jacob-martin
    Join Date: 2012
    Post Count: 13

    The best place for me to invest cash would be to start my own business because I find it to be the best investment that I can have…

    Profile photo of JhaiMitchellJhaiMitchell
    Member
    @jhaimitchell
    Join Date: 2012
    Post Count: 30

    I'm originally from Perth and the gold and silver ant cheep there, its cheaper in Sydney!

    Profile photo of JothamJotham
    Member
    @jotham
    Join Date: 2012
    Post Count: 47

    Buy stuff… Just lots of stuff.

    Profile photo of JothamJotham
    Member
    @jotham
    Join Date: 2012
    Post Count: 47

    You can invest in cars… For example Shelby Cobra, GT40, A9X or 2dr RX3 13b Turbo.. These cars will only up in value just to name few. 

Viewing 9 posts - 21 through 29 (of 29 total)

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