Depends on the manpower/work involved to make that few grand. Is it self-sustaining, mostly maintenance free? Those are the sites that I specifically look for, get enough of those working for you, it adds up fast.
Where do you invest your profits?
- Thread starter Cataclysmic
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Depends on the manpower/work involved to make that few grand. Is it self-sustaining, mostly maintenance free? Those are the sites that I specifically look for, get enough of those working for you, it adds up fast.
buddy of mine lost half a mil playing that exact same game, watch yourself.. pharm companies destroy the companies that actually discover cures.
Yeah, that can happen... but usually, the little startups develop the product pretty far into the approval process, at which time one of the giants steps in to fund the rest. Or the drug gets approved first, and then a major player signs a partnership deal to market the product. Both of those events will send the stock skyward.
The risk is high, but that's mainly because of the chance that the drug doesn't get approval because of unacceptable side effects or it simply proves ineffective.
I prefer to buy right after Phase 2 of the approval process - the upside is still great (500+ percent), and there's an 80 to 90 percent chance that it'll pass the final Phase 3 and get approval. Of course, if it doesn't, the entire stock collapses within seconds. I've seen that happen to some of my holdings. Diversification is key
Im actually running close to 70% return on royalty trust this year
Generally yeah its around 10-15%. I think over the next 5-10 years you might see 20% a year though
Swing trading on gold, silver, oil, and broad market indexes with lots of cash in the bank making shit interest when I'm not in a trade (right now I'm not, waiting for more of a dip, but the last trade was a nice silver gain).
Quick question for those of you with website assets; How do you tax this income in the U.S.? I know passive income like rent from rental properties is taxed differently than business revenue.
I used to do short-term private mortgages to RE investors, but have since moved on. I still get a decent flow of hard money loan inquiries, so if anyone's interested in that sort of thing, I can send leads your way.
I used to invest in mutual funds. But, nothing pays a good interest rate anymore, and the stock market is really volatile. So, I've decided to reinvest all my profits back into my own business... into NEW projects. Figure, at least that way I have CONTROL over whether or not my investment provides a return.
+1. Nothing Like putting a hooker on a leash... well that's what I would consider a GFE haha.
Not a bad strategy, if you balance it...
Nicholas Taleb (author of the Black Swan - well worth a read if you haven't already), invests about 95% of his money in really solid stuff like Gilts, then the other 5% in crazy risky stuff. Most of the time he loses the 5%, but the few times it does come off are awesome.
Bodybuilding supplements. That's why I started AM in the first place. I had only one sponsor from Romania called "Redis Nutritie" and they weren't very generous.
