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» Northern California Ford Owners     » Automotive   » General Talk   » Who here invests money? (Page 0)

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Author Topic: Who here invests money?
FSTRDNU
SVO's and XR4Ti's
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quote:
Originally posted by foxbody:
GOT TO LOVE EVERY TIME SOMEONE SAYS BITCOIN IS A BUBBLE...means they dont know what they are talking about

1year ago this month,bitcoin was at $750-$800 PER COIN -- TODAY jan 5th almost 17k PER COIN

Bubble popping

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Drifting is to motorsports like rap is to music. Sure, people do it. But only the stupid people.

Posts: 449 | From: Bay Area CA USA | Registered: Sep 2000  |  :
SLOWBACK 67
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I am wondering if the Bitcoin Bubble is the Black Swan event to get this stock market bubble to pop.

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
venomous99
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Member # 1917

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i invest my money into modifying my mustang cuz ROI is excellent..

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MKII Q7

Posts: 4808 | From: dc | Registered: Oct 2002  |  :
venomous99
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Member # 1917

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more seriously, diversify..i put the max i could into retirement(401k, IRA/roth IRA), hold stocks from work, some ETF and invest real estate when the time is right. i have cash stashed away for the next down turn in real estate to acquire more property. u wanna buy when its a buyers market.

crypto is intriguing and something i plan to do as a short term play to diversify...but itll be a small amount of money that would be like gambling. tons of ppl have killed it in crypto and if you're brave you might make a fortune.

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MKII Q7

Posts: 4808 | From: dc | Registered: Oct 2002  |  :
SLOWBACK 67
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^ I hear ya. I am not one to short stocks or buy on margin..... But shorting BITCOIN was a thought for a while.

I also am waiting for the right time to buy. I have almost enough set aside for 20% down on a home. [patriot]

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
Martinna
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venomous99 ----- solid advice. Who ever got in on z.cash when I suggested it a year ago would have multiplied their money by 15 or 20 times. A 10 fold increase in your investment is unbelievable. What would a 20 fold increase buy you? If you put in $10K a year ago in bit coin or zcash, you'd have about $175K today. You went from car down payment money to house down payment money in one year. It would have been better to get in on apple stock the first year it was released to the public. The guys that got in on year 5 aren't crying about it today though. They also did well. That's how crypto goes. High risk, high reward. If you want to be safe, get a CD at 2%.
Posts: 1093 | From: City | Registered: Oct 2012  |  :
SLOWBACK 67
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^175k IF you cashed out and paid capital gains. Problem is, most of these people who got in late and getting a pump and dump.

Maybe someday in the future this currency will be of use. But at this time it's too much of a gamble IMHO. I'll make steady gains over decades and retire very rich. I don't feel the need to gamble on waking up a rich man one day, then being dead broke the next. It's not real money until you sell.

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
Mr.10psi
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Are any of you guys getting any passive income though on a monthly basis that you can actually touch without getting penalized etc.Is anyone buying and reselling realestate. I understand it takes time and im not trying to get rich over night because it takes times and thats fine. I heard something on the radio the other day about being an investor with real estate and not having to do anything but fund some of the capital and you get a return on it. Not sure the percentage. Im not looking to be 80 years old either and enjoying my income. Lifes too short for that. Not afraid to take the risk either as long as its a calculated one.Just cant stand to have money and it just sitting there when it could be making me money.

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02 white saleen(sold) 347 stroker in the works

Posts: 1156 | From: 530 | Registered: Jul 2011  |  :
venomous99
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Member # 1917

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SLOWBACK 67
im pretty conservative when it comes to investments hence the reason why id prefer to put the bulk in real estate instead of going in on the market that has high risk. keep your dough and get in when the time is right. i got in 5 years ago when like 3/4 of the market was foreclosure and shortsales and if anyone had dough back then and credit to buy, youd be sitting on at least a 2-3x gain on property value today. of course, its nothing until you actually sell but for me this is all long term shiet that ill sit on, pass on to the next generation and milk while im alive.lol nothing wrong w/ investing in the stock market and other stuff, its a matter of how much risk you wanna take on.

martinna, whats crazy is if you invested in anything the past few years whether that be in real estate, stocks, crypto youd be making money. we are a period of uncharted territory from stock market hitting all time highs and real estate trending up. history will repeat itself so we're bound to see some corrections.when that happens hopefully we wouldve gotten out and get back in. its all a gamble.
i would never put money into a worthless CD. 2% is some bullshiet.

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MKII Q7

Posts: 4808 | From: dc | Registered: Oct 2002  |  :
SLOWBACK 67
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quote:
Originally posted by Mr.10psi:
Are any of you guys getting any passive income though on a monthly basis that you can actually touch without getting penalized etc.Is anyone buying and reselling realestate.

Money coming in from a rental will.be taxed at your normal tax rate. Flipping houses is tough of you can't pick up properties for dirt cheap. My parents have 4 rental homes ( one has a studio apartment under it, so it rents as 5 total units)
They average around 7,000 a month in rental income. So about 84k before taxes in passive rental income. You always need to screen renters and make sure you have a lot cash ready for repairs. [patriot]

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
stangin'
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getting to a point where you're able to live off of passive income takes a lot of time and smart investing. just bc one has money to do so doesn't always guarantee that it'll work out that way. investing is always a gamble.

figure out what you're interested in most, whether it's the stock market, real estate, or investing in a business, you gotta learn it inside and out. only then can will you be able to calculate your risk on your investments. eventually, like most people who like to invest, you end up dabbling in all of the above.

Posts: 2984 | From: oakland | Registered: Oct 2001  |  :
i
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Member # 12534

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I drive to Sinaloa Mexico to Oregon every year especially around the holiday time of the year New Years, Christmas and Summer. Made my retirement already.
Posts: 1854 | From: Sacramento | Registered: Nov 2012  |  :
SLOWBACK 67
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quote:
Originally posted by i:
I drive to Sinaloa Mexico to Oregon every year especially around the holiday time of the year New Years, Christmas and Summer. Made my retirement already.

LOL.
About to end up on Liveleaks you keep that up LOL.

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
i
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quote:
Originally posted by SLOWBACK 67:
quote:
Originally posted by i:
I drive to Sinaloa Mexico to Oregon every year especially around the holiday time of the year New Years, Christmas and Summer. Made my retirement already.

LOL.
About to end up on Liveleaks you keep that up LOL.

Hell no I ain’t going be putting my hands up for nobody especially in Mexico. That’s how you end up with those devils who have no remorse for any human being doesn’t matter if your a women or a child.

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91 Coupe 5.0 (Restro in Progress)
Rebuilt 302, Full exhaust, Fr500, and Full Black Interior with Buckets Seats.
Smog Legal!

Posts: 1854 | From: Sacramento | Registered: Nov 2012  |  :
FSTRDNU
SVO's and XR4Ti's
Member # 12

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quote:
Originally posted by foxbody:
GOT TO LOVE EVERY TIME SOMEONE SAYS BITCOIN IS A BUBBLE...means they dont know what they are talking about

1year ago this month,bitcoin was at $750-$800 PER COIN -- TODAY jan 5th almost 17k PER COIN

The bubble popping continues

--------------------
Drifting is to motorsports like rap is to music. Sure, people do it. But only the stupid people.

Posts: 449 | From: Bay Area CA USA | Registered: Sep 2000  |  :
Martinna
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z.cash has been steadily growing over the past year bitcoin's bubble is obvious on this annual chart ------- https://www.cryptocurrencychart.com/chart/ZEC,BTC/valueUsd/linear/2017-02-03/2018-02-03

FB got scared and just censored currencies -------- http://www.businessinsider.com/facebook-bans-bitcoin-cryptocurrency-ico-ads-2018-1
The filthy rich old timers are getting afraid.

Posts: 1093 | From: City | Registered: Oct 2012  |  :
foxbody
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again referring to "bubble popping" means u dont know what u are talking about.....

the only reason any crypto currency goes up and down is because of the people who buy it and sell it for profit,or investors who panic and sell after worrying about loosing more

that and the fact that any crypto currency is at a stage where it can be bought or sold for profit or loss

regular currency is not affected because everyone uses it

if u win the largest lottery in US history,and they dont take any taxes,and u have 1.5b in cash on pallets,and put lighter fluid to it and set it on fire,when u wake up in the morning,the $1 bill u have in your pocket is worth $1...if u sell the 1.5b in cash for $1..your $1 in your pocket is still worth $1

if/when crypto currency gets to the stage where so many people are invested in it,then it will be stable and price wont drastically go up and down..but even then there are too many to choose,from,90 percent are a complete waste of time and will never amount to anything

the only way it will ever work,is to have only a couple,which right now is bitcoin,ripple and ethereum..all of which have good and bad points

ripple was doing great,until it was found out they can freeze your transactions and reverse/take your $$

also,all but one digital currency has the option of cease trade,because it is being controlled by who ever created the coin or business who did

bitcoin is not governed,meaning it can be $20k today and $1 tomorrow,and no one can cease its trade,a company who sells digital currency such as coinbase can cease buying or selling it,but cant stop the over all use of it

[ 2018-02-03, 03:02 PM: Message edited by: foxbody ]

Posts: 14162 | From: san jose | Registered: Nov 2001  |  :
SLOWBACK 67
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^ It's a pump ans dump scam. People will loose a lot of money betting on crypto. When crypto is regulated and accepted as a univesal currency and backed by real assets/countries....... I will consider owning it. Until then, I have no reason to gamble on it.

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
Martinna
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Your dollar bills are not backed by real assets. There is no more gold standard. Your government prints more when it needs to. Crypto currency is the future. If you gambled $1000 when we first started talking about it on this site, you would have had $10,000 today. Crypo is always going up.
Posts: 1093 | From: City | Registered: Oct 2012  |  :
SLOWBACK 67
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quote:
Originally posted by Martinna:
Your dollar bills are not backed by real assets. There is no more gold standard. Your government prints more when it needs to. Crypto currency is the future. If you gambled $1000 when we first started talking about it on this site, you would have had $10,000 today. Crypo is always going up.

What's bitcoin at today? 6,xxx.xx?
Yeah I'm good. My paper money can buy my lunch, pay my bridge toll and pay for gas no problem. Let me kknkw. When Bitcoin can be used anywhere as common currency. THEN I've think about using it.

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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.

Posts: 8529 | From: Vallejo | Registered: Dec 2005  |  :
Martinna
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Member # 12493

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Find a real world bit coin ATM machine near you ----- https://www.coindesk.com/bitcoin-atm-map/ https://coinatmradar.com/

Bitcoin can be used to buy anything online. Give me an example of what you want to buy and I'll find someone selling it for crypto cash.

Posts: 1093 | From: City | Registered: Oct 2012  |  :
302n/a
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never will i again invest in lending platforms or hyips lesson learned ill just buy coins and hold or mine coins...bitconnect and usi tech burned me

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Raiders A's Warriors Sharks

Posts: 2605 | Registered: Jun 2002  |  :
adower
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My buddy dropped 12k on bit coin. He isn’t happy right about now.

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98 Cobra
Griggs
S Trim
HRE

Posts: 3241 | Registered: Aug 2005  |  :
Martinna
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adower ----Instead of listening to fake news main stream media bs sites hyping outdated bitcoin, your buddy should have listened to my 2016 post on crypto cash ---- https://californiafords.com/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=1;t=063142 he would have made ten times his money back by now. Almost 20 times at its peak. All your buddy can do now is hold onto his coins long term.
Posts: 1093 | From: City | Registered: Oct 2012  |  :
foxbody
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bitcoin today..$10,000

zcash today....$50

Posts: 14162 | From: san jose | Registered: Nov 2001  |  :


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