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Getbig Main Boards => Gossip & Opinions => Topic started by: Meso_z on February 14, 2013, 02:27:07 AM

Title: whats the most profitable thing youve ever done?
Post by: Meso_z on February 14, 2013, 02:27:07 AM
I mean, from 'working hard' to even dealing drugs. Lol
Title: Re: whats the most profitable thing youve ever done?
Post by: BigCyp on February 14, 2013, 02:39:31 AM
Trusted in the Lord Jesus Christ.
Title: Re: whats the most profitable thing youve ever done?
Post by: Roger Bacon on February 14, 2013, 02:40:07 AM
Trusted in the Lord Jesus Christ.

This
Title: Re: whats the most profitable thing youve ever done?
Post by: Tito24 on February 14, 2013, 02:44:14 AM
(http://ep.xhamster.com/000/027/984/535_1000.jpg)
Title: Re: whats the most profitable thing youve ever done?
Post by: MORTALCOIL on February 14, 2013, 03:07:49 AM
Your mother paid good money I must say.
Title: Re: whats the most profitable thing youve ever done?
Post by: Kim Jong Bob on February 14, 2013, 03:20:30 AM
i sold viagra får 5x the amount i paid for them. but that was 10 years ago
Title: Re: whats the most profitable thing youve ever done?
Post by: BigCyp on February 14, 2013, 03:21:18 AM
i sold viagra får 5x the amount i paid for them. but that was 10 years ago

How many did sev buy?
Title: Re: whats the most profitable thing youve ever done?
Post by: Bad Boy Dazza on February 14, 2013, 03:32:43 AM
I mean, from 'working hard' to even dealing drugs. Lol

Owned and produced a magazine.
Title: Re: whats the most profitable thing youve ever done?
Post by: WOOO on February 14, 2013, 03:36:10 AM
in terms of money? or in terms of drunkeness?
Title: Re: whats the most profitable thing youve ever done?
Post by: CalvinH on February 14, 2013, 05:12:49 AM
Became a mod on GB.
Title: Re: whats the most profitable thing youve ever done?
Post by: littledumbells on February 14, 2013, 05:22:11 AM
Married well.
Title: Re: whats the most profitable thing youve ever done?
Post by: Cleanest Natural on February 14, 2013, 05:33:08 AM
How many did sev buy?
Never counted them .. he sent them in bulk...
Title: Re: whats the most profitable thing youve ever done?
Post by: BigCyp on February 14, 2013, 05:39:21 AM
Never counted them .. he sent them in bulk...

 :D
Title: Re: whats the most profitable thing youve ever done?
Post by: Tapeworm on February 14, 2013, 05:55:22 AM
Married well.

Don't be so romantic.
Title: Re: whats the most profitable thing youve ever done?
Post by: Euro-monster on February 14, 2013, 05:56:50 AM
I started a Hatha Yoga class... :-\
Title: Re: whats the most profitable thing youve ever done?
Post by: Meso_z on February 14, 2013, 06:29:36 AM
telephone scam ripoff :D

you know, the special kind of business numbers where they charge you hefty amount for calling.and no,not sex related, theres no money in that anymore
nice ;-D
Title: Re: whats the most profitable thing youve ever done?
Post by: Purge_WTF on February 14, 2013, 07:18:40 AM
Invested in Netflix stock for the ten years I worked for them. Dumped it all a few weeks ago when it was worth about $134K.
Title: Re: whats the most profitable thing youve ever done?
Post by: Tapeworm on February 14, 2013, 08:04:24 AM
I invested.  In myselfs.

(http://i0.kym-cdn.com/photos/images/newsfeed/000/479/151/102.gif)
Title: Re: whats the most profitable thing youve ever done?
Post by: anabolichalo on February 14, 2013, 08:06:24 AM
imagine buying a lottory ticket and winning the lottory
Title: Re: whats the most profitable thing youve ever done?
Post by: snx on February 14, 2013, 08:21:47 AM
Post-graduate education. Has paid off in multiples.

That, and moving investments to ETF's. Why pay Wall Street?
Title: Re: whats the most profitable thing youve ever done?
Post by: dustin on February 14, 2013, 08:40:18 AM
Selling weed back in high school and now real estate. I've got a few exchange students now who are never home and their homestay fee pays my mortgage. They're great company too and I really enjoy tutoring them. When my wife's done school, I'm going to scoop up a few properties and start really banking.

The only shitty thing is that my province in Canada is really slanted in the tenant's favor. A fucker can really mess up your rental property and basically exploit the law for a month or two and you can't kick them out. If there's a payment issue you can fill out some forms and evict them after 10 days of delivering them, but they can hold up the process and delay things unfortunately. As long as you get damage deposit and screen them, it's not too bad. But I've had some nightmare tenants. I should find them in a dark alley someday and beat them with a sac of door knobs. ;D
Title: Re: whats the most profitable thing youve ever done?
Post by: Grape Ape on February 14, 2013, 09:51:08 AM
That, and moving investments to ETF's. Why pay Wall Street?

I wish I know more in this area.  My money's handled by a financial planner.  I know I'm probably paying too much.
Title: Re: whats the most profitable thing youve ever done?
Post by: Henda on February 14, 2013, 10:47:00 AM
Stripping copper out old houses
Title: Re: whats the most profitable thing youve ever done?
Post by: snx on February 14, 2013, 10:49:21 AM
I wish I know more in this area.  My money's handled by a financial planner.  I know I'm probably paying too much.

You are paying too much.

If you want a very easy-to-read book on the subject, I highly recommend "How a Second Grader Beats Wall Street". It's a more layman's version of the practical implications for the casual investor on the transition from mutual funds and stocks to the ETF world, how to do it, where to go, etc...it basically gives you a blueprint plan that will get you just about everything you need. It's fun and easy to read, and in a very easy to understand way, pulls the curtains off the whole industry as it relates to the average guy trying to save for his retirement (read: you and me).

Remember: the marketing machine that is Wall Street is doing its job if it's got you convinced you can't do this on your own. Fact is, you can. I know you're a very smart guy, so that's not the issue. It's just a fear of screwing up what you think is a good thing. The problem is that you think you have a good thing, when really you don't. That's the rub of the whole industry, and indicative of the power the investment world holds, and the lack of transparency of our financial networks (despite the fact that the US is amongst the most transparent of all countries).

Give it a read, seriously. Chances are your bank sell ETF's (ishares, Vanguard, to name just two that are popular for their low management fees). The only reason they don't yell and scream about it? They make shitty margins selling you ETF's, and that's not helping their bottom line. But it will help yours. And last time I checked, banks were doing just fine. It's guys like you and me that can use all the help we can get.

Of course, the problem with the free market (I guess it's not a problem, per se, but something every human should understand) is that once something good comes around, it drives demand, which drives prices up. It also drives competition, which hopefully keeps prices down.

ETFs are nothing special - they just mimic the stock exchange so you're diversified. No rocket science. But there are lot of different ETFs that now try to sort-of-mimic different exchanges, but only parts of them, etc....and that's the grey area where management fees creep up...and doesn't that sound like an index fund (or worse...a mutual fund)? So be careful, keep it simple.

Calculate the global market cap (thanks wikipedia). Buy ETFs for each country, in percentages that mirror the market caps of various countries. Sink the appropriate percentage (given your investment age) into bond ETFs. And remember: if you have a mortgage, you're already over-leveraged in real estate, unless you have millions in investments.

The secret to being a good investor? Diversify, and don't pay more than you should for performance (and nothing and no one can beat the performance of the market, over the long term, on average, Buffett excluded).
Title: Re: whats the most profitable thing youve ever done?
Post by: El Diablo Blanco on February 14, 2013, 11:07:39 AM
Killed a communist for fun, but for a green card I carved him up real nice.
Title: Re: whats the most profitable thing youve ever done?
Post by: arce1988 on February 14, 2013, 02:53:21 PM
  Real Estate
Title: Re: whats the most profitable thing youve ever done?
Post by: Jadeveon Clowney on February 14, 2013, 02:55:17 PM
  Real Estate

what did you do and how much did you make?
Title: Re: whats the most profitable thing youve ever done?
Post by: Mr Anabolic on February 14, 2013, 03:03:55 PM
I bought several thousand ounces of silver when it was below $5/oz.  Now it's $30/oz.

;D
Title: Re: whats the most profitable thing youve ever done?
Post by: Roger Bacon on February 14, 2013, 04:28:47 PM
  Real Estate

This
Title: Re: whats the most profitable thing youve ever done?
Post by: arce1988 on February 14, 2013, 04:30:09 PM
  Over One Million
Title: Re: whats the most profitable thing youve ever done?
Post by: Jadeveon Clowney on February 14, 2013, 05:33:12 PM
  Over One Million

how?
Title: Re: whats the most profitable thing youve ever done?
Post by: Meso_z on February 16, 2013, 01:34:07 AM
You are paying too much.

If you want a very easy-to-read book on the subject, I highly recommend "How a Second Grader Beats Wall Street". It's a more layman's version of the practical implications for the casual investor on the transition from mutual funds and stocks to the ETF world, how to do it, where to go, etc...it basically gives you a blueprint plan that will get you just about everything you need. It's fun and easy to read, and in a very easy to understand way, pulls the curtains off the whole industry as it relates to the average guy trying to save for his retirement (read: you and me).

Remember: the marketing machine that is Wall Street is doing its job if it's got you convinced you can't do this on your own. Fact is, you can. I know you're a very smart guy, so that's not the issue. It's just a fear of screwing up what you think is a good thing. The problem is that you think you have a good thing, when really you don't. That's the rub of the whole industry, and indicative of the power the investment world holds, and the lack of transparency of our financial networks (despite the fact that the US is amongst the most transparent of all countries).

Give it a read, seriously. Chances are your bank sell ETF's (ishares, Vanguard, to name just two that are popular for their low management fees). The only reason they don't yell and scream about it? They make shitty margins selling you ETF's, and that's not helping their bottom line. But it will help yours. And last time I checked, banks were doing just fine. It's guys like you and me that can use all the help we can get.

Of course, the problem with the free market (I guess it's not a problem, per se, but something every human should understand) is that once something good comes around, it drives demand, which drives prices up. It also drives competition, which hopefully keeps prices down.

ETFs are nothing special - they just mimic the stock exchange so you're diversified. No rocket science. But there are lot of different ETFs that now try to sort-of-mimic different exchanges, but only parts of them, etc....and that's the grey area where management fees creep up...and doesn't that sound like an index fund (or worse...a mutual fund)? So be careful, keep it simple.

Calculate the global market cap (thanks wikipedia). Buy ETFs for each country, in percentages that mirror the market caps of various countries. Sink the appropriate percentage (given your investment age) into bond ETFs. And remember: if you have a mortgage, you're already over-leveraged in real estate, unless you have millions in investments.

The secret to being a good investor? Diversify, and don't pay more than you should for performance (and nothing and no one can beat the performance of the market, over the long term, on average, Buffett excluded).
solid.
Title: Re: whats the most profitable thing youve ever done?
Post by: Jadeveon Clowney on February 16, 2013, 10:42:18 AM
This

 ::) another real estate magnate living with grandmommy.
Title: Re: whats the most profitable thing youve ever done?
Post by: Roger Bacon on February 16, 2013, 11:10:08 AM
::) another real estate magnate living with grandmommy.

haha! this is getbig after all!  ;D
Title: Re: whats the most profitable thing youve ever done?
Post by: Jovo on February 16, 2013, 08:44:35 PM
import things not many people can get and sell them for 1000% the original price
Title: Re: whats the most profitable thing youve ever done?
Post by: Roger Bacon on February 16, 2013, 08:49:47 PM
would investing in those us army killer drones be a good idea?

afterall you know the govt will get them and pay for them.

 ???

facebook stocks went from 18usd to 28 in very short times, but thats a pure gamble imo.

Hey, someone find out what companies manufacture them.  That's a good idea!!!
Title: Re: whats the most profitable thing youve ever done?
Post by: muscularny on February 16, 2013, 08:53:41 PM
learning not to buy things right away but letting a few days pass from when I learn of a new product or service till when I buy it, saves me a ton of money, amazing how much garbage we buy.

so before worrying about making money off a business or idea, start to study your spending habits, saving money is making money too