[Rememavotscam]

Id make it last 20 years.[thumbup]

[cialviagra]

12.5 years

[snova]

What kind of dream world do you live in? How can you assume 10-20% per day? You may make that much in a single day, or you may lose EVERY PENNY in one day. Only people with inside information (illegal) or idiots who don't mind losing their shirt go for that kind of investment strategy. [thumbdown]
If its that easy to make that kind of money each day, then why do banks bother with loans that MIGHT get them 10% per YEAR? Why don't they just stop banking and invest it? I really would love to hear your answer...

There is always risk involved. But thats why you dont put all your eggs in one basket, but if you do enough research, you might make 6 choices that make you a decent amount, 2 that can maybe double, and 2 that completly crash and burn...I'm not saying go out and invest in penny stocks...

[ResistNewWorldOrder]

Honestly, I would start a few small businesses and invest the rest. With loans being harder and harder these days to get, this would be a perfect opportunity to become an entrepreneur and turn that $450k into a lifetime's worth of money. Speaking from experience, an online business would be ideal due to the small operating and start up costs.

Unfortunately, starting my first business involved throwing everything on credit cards, as I was a student at the time and no bank in their right mind would give me a loan. A few thousand dollars later and a rocky start, I managed to get it where I wanted to, and decided to start another. I'm currently in the process of starting my third, with the website being designed as we speak. All in all, you could make a career out of the money you have saved.

OK I know it's a difficult question because there are so many variables depending on what business or market but what would you say would be the minmum £££ on average to start a small business that has good growth prospects?

For example a good businessman could be given X amount of money and make it work, what would you say would be the minimum in hard investment cash. (I am not talking stocks and shares)

[jackie Obrian]

Not long enough. Probably about 12 - 14 years if my wife kept working.

[DoctorNiCYDEn]

Sounds stupid but I would buy a nice house with it.

I'm OK for money, just want a house that I can pay for outright and not have to worry about mortgages and alike.

but if i already had a house I'd buy a new car and invest the rest so I could stretch it out a bit.

could very easily blow it all tho.

[phsyalcvqh]

There is always risk involved. But thats why you dont put all your eggs in one basket, but if you do enough research, you might make 6 choices that make you a decent amount, 2 that can maybe double, and 2 that completly crash and burn...I'm not saying go out and invest in penny stocks...

Which is kind of funny because every time you make a dumb stock pick you feel the need to come and test the air on this board. Where everyone politely informs you that you've made a dumb stock pick. I like you because you believe in the fantasy of the stock market and that's what helps other wiser people make money.

[snova]

Which is kind of funny because every time you make a dumb stock pick you feel the need to come and test the air on this board. Where everyone politely informs you that you've made a dumb stock pick. I like you because you believe in the fantasy of the stock market and that's what helps other wiser people make money.

what dumb stock pick have I made....???? I might have asked questions here since I do believe there are better informed people here than me. Doesnt mean I went out and bought everything I mention...btw sirius is working out great...bought another 2k shares recently. I truely BELIEVE in them. I have their product and love it. I would like to believe most people that use it think the same.

edit : so in the next 2-3 years...I would expect that stock to go up to $8-$10 a share..

[Adimonnna]

what dumb stock pick have I made....???? I might have asked questions here since I do believe there are better informed people here than me. Doesnt mean I went out and bought everything I mention...btw sirius is working out great...bought another 2k shares recently. I truely BELIEVE in them. I have their product and love it. I would like to believe most people that use it think the same.

edit : so in the next 2-3 years...I would expect that stock to go up to $8-$10 a share..

I'm not sure if as bluetooth and ipods become more standard for cars if it'll die off or not. Portable MP3 players are all the rage now, and only getting more popular. Newer cars will be pretty much standard with an iPod connector or some form of bluetooth link. So the question is will people want to listen to Sirius/XM, or to their own personalized collection of favorites? I'm thinking we'll see a shift to local radio for the local happenings, and iPods for listening to actual music.

Its a cool service, but I think I'd rather choose my own customized playlist. Are they still using that lossy compression? I haven't heard it in a while, and last time I did I was thinking "wow, that's like.. radio quality".

Which is kind of funny because every time you make a dumb stock pick you feel the need to come and test the air on this board. Where everyone politely informs you that you've made a dumb stock pick. I like you because you believe in the fantasy of the stock market and that's what helps other wiser people make money.

The stock market is fun. If a car dealership hadn't stolen my car and forced me to dump prematurely I'd be doing pretty well right now. I bought into AMD at around $3/share and Nvidia at $8 and $9. At the point AMD hit something silly like $23 or whatever it was I would have dumped it, but I had to ditch far lower than that. This was years ago tho. AMD was in the 20's, NVDA was hitting the 30's or so. But I dumped barely above my purchase price due to bad economics, stolen car, and lost job. Still sour over that, or more specifically the car dealership. 1 more month and the SoL on that crap is up and I can walk away and put it past me.

[snova]

If I were him, i would invest in high devidend stocks...since he has more to lose than I do, I would invest in safe companies, that provide good dividends.

[realfan87]

Honestly, I would start a few small businesses and invest the rest. With loans being harder and harder these days to get, this would be a perfect opportunity to become an entrepreneur and turn that $450k into a lifetime's worth of money. Speaking from experience, an online business would be ideal due to the small operating and start up costs.

Unfortunately, starting my first business involved throwing everything on credit cards, as I was a student at the time and no bank in their right mind would give me a loan. A few thousand dollars later and a rocky start, I managed to get it where I wanted to, and decided to start another. I'm currently in the process of starting my third, with the website being designed as we speak. All in all, you could make a career out of the money you have saved.

One of my clients got his loan for Uni and instead of going, decided to use it to start his own business (a security company). He just started off with some people in security uniforms, but now he is at the point where he can write off £250k and it not be a major problem to him.

[bunkalapa]

Well have you calculated your total annual outgoings? you still paying a morgage?

[jstizzle]

OK I know it's a difficult question because there are so many variables depending on what business or market but what would you say would be the minmum £££ on average to start a small business that has good growth prospects?

For example a good businessman could be given X amount of money and make it work, what would you say would be the minimum in hard investment cash. (I am not talking stocks and shares)

Well, my expertise is in the selling of products. Every manufacturer of goods has a minimum order quantity that you need to buy in order to receive the wholesalers price. The first thing you'd need to ask yourself is, "what would I be interested in selling, and are these item(s) marketable?"

Take something as simple as Zippo lighters. The first step, before even before building a website would be to contact them directly and find out how much you'd need to buy and what quantity in order to buy wholesale. Most smaller companies will be around the $500 to $1000 range (sorry, I'm in the USA but it'll be cheaper in pounds to you guys). Once you're comfortable with the minimum buy-in, the next step is to build an e-commerce website. This can be a bit costly since it has to be built with the ability to accept money transactions, but some of them (for instance, network solutions), have template designs that allow you to build it yourself and have it come out quite decently. If you have someone build it, expect around the $2000 range, if you do it yourself with the template, about $500.

The next step involved is to make yourself legal. I'm not sure how it works in the UK, but here we have to file for a FEIN (Tax I.D) number, followed by a Tax Exempt I.D. The Tax excempt ID allows you to buy tax free from the manufacturer, but in return you have to charge sales tax for those buying within your state. This process takes about a week and is pretty easy to do.

The next step is to sign up for a merchant account. I currently use Website Payments Pro via Paypal, and it's worked pretty well so far. Payments are done directly through the website, but users can also pay directly with their paypal account if they choose. It works out great too, because they have the option of giving you a debit card, and you can take money directly out of your paypal account. That way, if someone were to make an order off of my website, I can literally go to an ATM and take the money out.

The next, and probably most crucial step, is to familiarize yourself with google adwords. This will literally make or break your business. I currently pay about $1,000 a week (yes, a week), in advertising on google. I tell people this, and they scoff at the idea of how rediculous it is to pay so much in advertising. However, when I tell them that it brings in over $2,000 a week in PROFITS, they start to realize the importance of it all.