I Have Run into about 30 thousand dollars...im looking to invest in something that can put an extra 100 to 200 dollars a month in my pocket...i have no idea about investments..and heard this was the place to go to get answers..any ideas?
wow nice ... could you tell use where were u running at? I dont mind to run around and suddenly hit $30k
I think first you need to get your priorities list: do you need to save for a house / auto / retirement ? then drawing a "timeline" of when you gonna need how much money, based on those you'll be able to better decide on what kind of investments would be the best choice.
I'm trying to create a small income from the money, it is coming in a large lump sum...so im trying t find a way to make an extra 100 to 200 dollars a month by putting the money somewhere... a friend of mine has purchased some atm machines and its working out reasonably well for him...but im reading alot of negative things about an investment like that...
that would make a nice down payment on a VERY small house, assuming it was in a rentable area. Take a community in small town Nova Scotia (or wherever there is an area that is...suffering from high unemployment and people can't get mortgages).
You could buy a house for ~80K, put 20K down, save 5 for repairs (have fun with the other 5), and rent the thing out for say...$800/month. MOrt plus tax would be ~550 a month, leaving you with 250. in 20 years, you'd own the place outright. It probably wouldn't appreciate much, but it would be cash flow.
What would be the risks with this? Opening a bank account for the sole purpose of using it to earn money from deposits being made to this account. Basically an account that receives deposits from a U.S account. But is a Canadian account. These deposits will than be sent to various other...
I wonder what the average Joe here thinks about the use of this methodology in determining how they invest.
I got email from Tangerine for a survey , specifically Tangerine Mutual Funds.. It contained all sorts of questions related to tangerine mutual funds.. did anyone completed a survey like this?
I'm a new member to this forum. I'm here to get suggestions on auto insurance. Last month, I met with an accident. My car got damaged completely during that incident. Even though it gets repaired, I dont think it will be worth using. I already have auto insurance for the car I have...
I rent an apartment and need renter's insurance / home insurance. However, when getting quotes, things started getting more complicated when I mentioned that I am self-employed and do some work from home.
The self employment work I do is pretty minimal, generally a handful of hours in a week...
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