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How would you spend or invest in 2020?

Thread in 'Finance / Investing' started by CAMSDADDY, Jan 1, 2020.

  1. CAMSDADDY

    CAMSDADDY The Hen that laid the Golden Legos Supporter

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    I know someone will come along and mention selling glocks here. Someone else will come along and say tacos. Ok that behind us
    If you had cash and we're looking for something to buy or invest in to generate cash what would you do? I'm thinking do you buy precious metals, do you lawn equipment to start doing yards, do you buy a used car and try to flip it? Is there a side hustle you could start up?
     
  2. XSmojo

    XSmojo ODT Junkie!

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    Buy better tools for your trade if that applies. I think the car and metals options are timing sensitive, now is not the best time. Landscape gear is great if you will use it and have the time that hustle requires.
     
  3. CAMSDADDY

    CAMSDADDY The Hen that laid the Golden Legos Supporter

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    Currently a service writer in an independent auto repair shop. My tools of the trade are pretty much a pen. Over the past year I've found a cross and Parker pen and feel both were great choices.
    I've been thinking the metal market precious or scrap neither are at a good time. TAVT tax has really hurt folks trying to buy and sell cars on the side. I know those were the intentions of the auto industry.
    Guess at this point it's not gonna spoil or rot sitting liquid in the bank and wait for an opportunity
     
    HUNTING and AuburnRunner like this.
  4. MrJim

    MrJim ODT Junkie! Supporter

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    I bought a ishares etf back in May and it is up $9 a share. Bought another ishares etf dividend fund in September and it is up +$2 a share.
     
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  5. MrJim

    MrJim ODT Junkie! Supporter

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    I like the etfs since my broker made me aware.
     
    fast306stang likes this.
  6. A-Aron

    A-Aron Hunter Supporter

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    I’ve got our sp500, silver, lead and brass, the Asian version of sp500 and a few high Dividend returns funds.
     
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  7. Bagman

    Bagman Dental Floss Tycoon Supporter

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    Depends on your situation and how much you have to invest. "Guess at this point it's not gonna spoil or rot sitting liquid in the bank", should be your last choice. The banks pays next to nothing, so in effect, you're losing money letting it sit there. An investment account, even one with a modest risk level will net good returns.
     
    slacker1972 and fast306stang like this.
  8. 3clicks_Off

    3clicks_Off The Hen that laid the Golden Legos Supporter

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    Restore classic cars if you're handy like that
     
  9. bilgerat

    bilgerat ODT Junkie!

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    buy huntin land and enjoy it while it increases in value
     
    Just Bill and Mgrwatson87 like this.
  10. quitter.

    quitter. ACDCbag Supporter

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    Cans before we can’t.