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Posted: 1/19/2011 2:04:18 PM EDT
Well, months of saving, cooking cheap, and quitting smoking have finally given me what I want: $100 in totally loose cash. This may not sound like much, but for a full time student on an extremely tight budget, it's not inconsiderable. The reason that I've been scraping this together is that I want to start putting my money (however little) to work for me. Even if it's just a tiny amount, I want to get something started now, rather than waiting "until I have enough" to invest.

So now I have to decide on strategy. What approach would be appropriate for this amount? Since I already have savings and an IRA, I want to be more aggressive with this (seperate) account, but I can't afford to just try to trade penny stocks.

For those of you who do invest, what would you recommend? Think of this as an experiment.
Link Posted: 1/19/2011 2:05:56 PM EDT
[Last Edit: 1/19/2011 2:08:38 PM EDT by operatorerror]
$100.00?

Put it all on red.


eta Obviously I am the last person you would want to take investment advice from. All of my investments are handled by a faceless automaton inside my computer.
Link Posted: 1/19/2011 2:06:01 PM EDT
Gold





im just here for the results...
Link Posted: 1/19/2011 2:06:33 PM EDT
[Last Edit: 1/19/2011 2:06:53 PM EDT by Molotov357]
open e-trade account. research companies. make educated guess. profit?
Link Posted: 1/19/2011 2:07:12 PM EDT

Originally Posted By operatorerror:
$100.00?

Put it all on red.

This

Or Silver

Or penny stocks.

I got nothing.
Link Posted: 1/19/2011 2:07:24 PM EDT
I'd go with Prosper. If you can do 50 a month you'll get started OK.
Link Posted: 1/19/2011 2:10:08 PM EDT
Originally Posted By sirensong:
Well, months of saving, cooking cheap, and quitting smoking have finally given me what I want: $100 in totally loose cash. This may not sound like much, but for a full time student on an extremely tight budget, it's not inconsiderable. The reason that I've been scraping this together is that I want to start putting my money (however little) to work for me. Even if it's just a tiny amount, I want to get something started now, rather than waiting "until I have enough" to invest.

So now I have to decide on strategy. What approach would be appropriate for this amount? Since I already have savings and an IRA, I want to be more aggressive with this (seperate) account, but I can't afford to just try to trade penny stocks.

For those of you who do invest, what would you recommend? Think of this as an experiment.


congrats. wish i was disciplined enough for that

only now that im 27, and making 80k a year have i really started socking it away in my 401k. and i plan to increase it soon again.

good luck, i don't really have any advice on what to do with it.
Link Posted: 1/19/2011 2:10:21 PM EDT
[Last Edit: 1/19/2011 2:11:03 PM EDT by Kbear]
1. Buy Glock mags
2. Frearmonger in the GD
3.????
4. Profit
Link Posted: 1/19/2011 2:11:11 PM EDT
Buy up beanie babies and sell them at jerkey shows
Link Posted: 1/19/2011 2:11:24 PM EDT
Follow 50 cents twitter feed.

Posted Via AR15.Com Mobile
Link Posted: 1/19/2011 2:12:13 PM EDT
I actually did turn $100 into nearly a grand once...but casinos (even on Cruise ships) don't like to let you keep it.
Link Posted: 1/19/2011 2:16:05 PM EDT
At $100, two transactions (one buy, one sell) are going to cost you at the very least a bit over $14.

So you're 14% in the hole before you start.

My advice is not to get into "investing" until you've got all the other prerequisites together and have a larger sum to play with or can afford to regularly dollar cost average into something.

Link Posted: 1/19/2011 2:19:31 PM EDT
[Last Edit: 1/19/2011 2:21:32 PM EDT by reelserious]
Get 10, 30 round AR magazines.


On a similar note when I was a young stockbroker cold calling people and they said they only had $500 to invest, I always told them to buy a good handgun.

And I am not kidding.
Link Posted: 1/19/2011 2:23:08 PM EDT
Link Posted: 1/19/2011 2:25:58 PM EDT

get a handle of Crown



Link Posted: 1/19/2011 2:28:13 PM EDT
Open a bank account where they give you a bonus for opening an account. A few years ago I made over 300% gains (annualized) on a $100 amount by opening and closing "free" checking accounts at five or six banks for making a minimum deposit for 60 days and making the minimum # of transactions - It was usually a $50 reward. Sure it probably cost me $20 in gas and a couple of hours of time, but it was quick, easy, and guaranteed.

I don't know that these deals exist now (Chase sends some crappy deals out but they fee you to death) but it's an option.
Link Posted: 1/19/2011 2:29:00 PM EDT
get 10 rolls of quarters and try to find silver. Then return for some more
Link Posted: 1/19/2011 2:32:05 PM EDT
pur a classified ad in the local newspaper that says you'll do odd jobs
Link Posted: 1/19/2011 2:33:33 PM EDT
Originally Posted By operatorerror:
$100.00?

Put it all on red.


eta Obviously I am the last person you would want to take investment advice from. All of my investments are handled by a faceless automaton inside my computer.


This guy is a total fucking moran.











You ALWAYS bet on BLACK



Link Posted: 1/19/2011 2:37:08 PM EDT
See your IM's.
Link Posted: 1/19/2011 2:38:04 PM EDT
[Last Edit: 1/19/2011 2:46:55 PM EDT by AndrewS]
Not knowing what you are doing or getting professional advice is the same thing as gambling. Even if you were lucky enough not to lose money $100 isn't going to bring in enough money to cover your trade costs. You need more than $100. If you don't have at least $2500 park it in a money market savings account.

Do you have any debt? If so put it toward paying it off.

Are you maxing out your IRA each year? If not you should be doing that before you consider investing outside of it.
Link Posted: 1/19/2011 2:40:01 PM EDT
LendingClub.com

You can make four loans with that $100 and get a relatively safe 8% return if you go with A & B borrowers.
Link Posted: 1/19/2011 2:42:23 PM EDT
How much cash do you have in savings? (that's a rhetorical question)

If I were you I wouldn't start investing until I had enough cash in savings to cover at least a few months of living expenses.
Link Posted: 1/19/2011 2:45:29 PM EDT
I don't see a cost return benefit of starting investing in stocks with that amount of money. For example, if you started on E Trade, the cost of 1 trade is going to be 10% of your initial investment. While I applaud your desire to plan for the future, I think you would be better served at putting that $100 in your savings until you have larger amounts of capital to devote towards investments.
Link Posted: 1/19/2011 2:45:45 PM EDT
Hookers and blow.

Well hell you don't even have enough for that.


Really though $100 isn't going to get you much of anything unless you can run it up at something like online poker.
Link Posted: 1/19/2011 2:52:30 PM EDT
Originally Posted By dsteelman:
Originally Posted By operatorerror:
$100.00?

Put it all on red.


eta Obviously I am the last person you would want to take investment advice from. All of my investments are handled by a faceless automaton inside my computer.


This guy is a total fucking moran.











You ALWAYS bet on BLACK





Yeah, a lot of good that did Wesley Snipes.

Link Posted: 1/19/2011 2:53:08 PM EDT
micro loans
Link Posted: 1/19/2011 2:53:50 PM EDT

Originally Posted By seven-six-two:
At $100, two transactions (one buy, one sell) are going to cost you at the very least a bit over $14.

So you're 14% in the hole before you start.

My advice is not to get into "investing" until you've got all the other prerequisites together and have a larger sum to play with or can afford to regularly dollar cost average into something.



like i said, i'm not falling into the "day trading" idea, nor am i committed to the idea of stocks.

the thing is, i almost bought silver at $14, but i thought i needed a larger sum to play with, so i clicked 'cancel' on the buy order. i also almost went in on apple when it was at 80, but i figured i needed a larger sum to really do anything. hell––back in the '90s, i could have gone in with my (then) GF's brother on yahoo back when it was private, but i figured i didn't have enough capital to make it worthwhile. guess who was damn near tears when the IPO was made.

i guess my point is that i have to start somewhere. i'm not looking to 'get rich quick', and i don't object to holding positions. but i've spent 15 years waiting for a better situation, and wound up with nothing. so even if i lose this $100, at least i've played a hand.

Link Posted: 1/19/2011 2:54:17 PM EDT
Originally Posted By DonnieBrasco:
Originally Posted By dsteelman:
Originally Posted By operatorerror:
$100.00?

Put it all on red.


eta Obviously I am the last person you would want to take investment advice from. All of my investments are handled by a faceless automaton inside my computer.


This guy is a total fucking moran.











You ALWAYS bet on BLACK





Yeah, a lot of good that did Wesley Snipes.



Well he HAD money , he just didnt pay his stipend to Uncle Sam
Link Posted: 1/19/2011 2:54:36 PM EDT
Open a money market acct. (Minimal return, but safe).

Keep saving until you can get the minimal purchase for a no-load balanced mutual fund.
Link Posted: 1/19/2011 3:11:03 PM EDT
Online poker until you have enough money to play stocks.
Link Posted: 1/19/2011 3:16:38 PM EDT

Originally Posted By AndrewS:
Not knowing what you are doing or getting professional advice is the same thing as gambling. Even if you were lucky enough not to lose money $100 isn't going to bring in enough money to cover your trade costs. You need more than $100. If you don't have at least $2500 park it in a money market savings account.

Do you have any debt? If so put it toward paying it off.

Are you maxing out your IRA each year? If not you should be doing that before you consider investing outside of it.

this is aside from all my other financial stuff. like i said, this is literally loose cash––money i would have spent on cigarettes (i quit smoking), booze (i drink maybe once a month now), or cable (i don't own a TV). i'm maintaining my debt and savings/IRA schedules seperately, and a one time $100 payment would make little difference there anyway.

you mentioned gambling, which makes the point. essentially, this is coming out of my entertainment budget, not my operating budget. as far as i'm concerned, it's worth it even if only to get the account open and active.
Link Posted: 1/19/2011 3:20:34 PM EDT
Buy and sell on craigslist. Search around for whatever you know something about, be it tools, sporting goods, DVD players, 18th century gynecological equipment, whatever. Find something that looks under priced, buy it, then resell it for fair market price. Not much more you can do with $100.
Link Posted: 1/19/2011 3:27:53 PM EDT

Originally Posted By callmeltc:
Buy and sell on craigslist. Search around for whatever you know something about, be it tools, sporting goods, DVD players, 18th century gynecological equipment, whatever. Find something that looks under priced, buy it, then resell it for fair market price. Not much more you can do with $100.


This...

There was a guy that started with a paper clip (??) and eventually kept trading until he had a house of some kind. I'm not saying this is realistic but you can buy/sell on craigslist and make a pretty good profit. I usually buy on craigslist and sell on ebay.
Link Posted: 1/19/2011 3:28:43 PM EDT
If it was me......I would head for the flea markets and garage sales. Buy $100 worth of "great" deals...and then re-sell them on ebay or craigslist. I've made some decent money doing this...you just have to know what stuff is worth.

I found a new transmission cooler at a flea market...bought it for $15, sold it for $60 on ebay.
I found some nice looking coil-over car shocks at a garage sale for $40...sold them on ebay for $100.
I found some old harley parts at a garage sale.....bought them for around $20, sold them on ebay for around $40.
I found some old paintings at a fleamarket for $10.....sold them on craigslist for $50.
I found some Mercury outboard parts at a garage sale for $10...sold them on ebay for $50.
on..and on...and on....

As long as you know what stuff is worth....you can make some good money doing that. You will see a MUCH faster return that something like stocks, or other "long term" investments.

Give it a shot..you will be surprised.

Link Posted: 1/19/2011 3:29:39 PM EDT
Originally Posted By 418cwc:

Originally Posted By callmeltc:
Buy and sell on craigslist. Search around for whatever you know something about, be it tools, sporting goods, DVD players, 18th century gynecological equipment, whatever. Find something that looks under priced, buy it, then resell it for fair market price. Not much more you can do with $100.


This...

There was a guy that started with a paper clip (??) and eventually kept trading until he had a house of some kind. I'm not saying this is realistic but you can buy/sell on craigslist and make a pretty good profit. I usually buy on craigslist and sell on ebay.


I don't know about that, but some kid traded up from an 80's cell phone to a 2003 Porsche Boxster.
Link Posted: 1/19/2011 3:39:46 PM EDT
Landstar Corp, LDSR.

For $100 you can get over 300,000 shares!!
Link Posted: 1/19/2011 3:41:25 PM EDT
You can buy a crack house in Detroit for $75.00 and sublease it.
Link Posted: 1/19/2011 3:49:14 PM EDT
My first thought would be to get involved in the skin trade. i.e. white slavery. However, my research indicates that the going price for importing a 'mail order bride" is over $100. Therefore, I'd say buy $100 of cheap beer and sell it to minors for as much as you can.*






*thelaw09 does not support or recommend illegal activities. Please check your local laws before following this advice.
Link Posted: 1/19/2011 4:01:53 PM EDT
You can open an IRA with $200.

See: https://guidance.fidelity.com/starting-out/overview

You want to stay with aggressive no-load mutual funds.
I retired very well just a couple of years ago. I’ll be glad to give you some advice. PM me.
Link Posted: 1/19/2011 4:08:05 PM EDT
Originally Posted By sirensong:

Originally Posted By AndrewS:
Not knowing what you are doing or getting professional advice is the same thing as gambling. Even if you were lucky enough not to lose money $100 isn't going to bring in enough money to cover your trade costs. You need more than $100. If you don't have at least $2500 park it in a money market savings account.

Do you have any debt? If so put it toward paying it off.

Are you maxing out your IRA each year? If not you should be doing that before you consider investing outside of it.

this is aside from all my other financial stuff. like i said, this is literally loose cash––money i would have spent on cigarettes (i quit smoking), booze (i drink maybe once a month now), or cable (i don't own a TV). i'm maintaining my debt and savings/IRA schedules seperately, and a one time $100 payment would make little difference there anyway.

you mentioned gambling, which makes the point. essentially, this is coming out of my entertainment budget, not my operating budget. as far as i'm concerned, it's worth it even if only to get the account open and active.


Then do whatever you want with it. There is no strategy to blowing money. The fact that you are confusing entertainment with investing and "putting your money to work for you" tells me you have serious money issues. Having to spend several months sacrificing just to scrape together $100 is an even worse sign. If I were you I would put the $100 toward something that will help you. Get some books or see a financial adviser. Heck, you can listen to Dave Ramsey for free and probably learn a ton.
Link Posted: 1/19/2011 4:10:58 PM EDT

Originally Posted By thelaw09:
My first thought would be to get involved in the skin trade. i.e. white slavery. However, my research indicates that the going price for importing a 'mail order bride" is over $100. Therefore, I'd say buy $100 of cheap beer and sell it to minors for as much as you can.*

*thelaw09 does not support or recommend illegal activities. Please check your local laws before following this advice.

You're looking at a name brand person.

Some of those small boonie eastern European countries go pretty cheap
Link Posted: 1/19/2011 4:11:53 PM EDT
That would be dumb. Transaction fees will eat it alive.



Use it to start your emergency fund.
Link Posted: 1/19/2011 4:12:46 PM EDT
Originally Posted By Star_Scream:

Originally Posted By thelaw09:
My first thought would be to get involved in the skin trade. i.e. white slavery. However, my research indicates that the going price for importing a 'mail order bride" is over $100. Therefore, I'd say buy $100 of cheap beer and sell it to minors for as much as you can.*






*thelaw09 does not support or recommend illegal activities. Please check your local laws before following this advice.

You're looking at a name brand person.

Some of those small boonie eastern European countries go pretty cheap


I've had problems with them in the past. They never cut breathing holes in the box before shipping.

Link Posted: 1/19/2011 4:14:47 PM EDT
Originally Posted By seven-six-two:
At $100, two transactions (one buy, one sell) are going to cost you at the very least a bit over $14.

So you're 14% in the hole before you start.

My advice is not to get into "investing" until you've got all the other prerequisites together and have a larger sum to play with or can afford to regularly dollar cost average into something.



ding ding.
Link Posted: 1/19/2011 4:14:51 PM EDT
Originally Posted By operatorerror:
$100.00?

Put it all on red.


This. Even if you masterminded your way into a 20% return .... so what?
Link Posted: 1/19/2011 4:18:42 PM EDT

Originally Posted By thelaw09:
Originally Posted By Star_Scream:

Originally Posted By thelaw09:
My first thought would be to get involved in the skin trade. i.e. white slavery. However, my research indicates that the going price for importing a 'mail order bride" is over $100. Therefore, I'd say buy $100 of cheap beer and sell it to minors for as much as you can.*

*thelaw09 does not support or recommend illegal activities. Please check your local laws before following this advice.

You're looking at a name brand person.

Some of those small boonie eastern European countries go pretty cheap


I've had problems with them in the past. They never cut breathing holes in the box before shipping.


I've got a contact in some godless combloc shithole who's name is unpronounceable to all but him who is pretty good at airholes, food (if you can call it that) and water (smells like sewage so i can never tell if it's their water or their porta potty.


Link Posted: 1/19/2011 4:22:29 PM EDT
Sell it on ebay for $150.
Link Posted: 1/19/2011 4:22:33 PM EDT

Originally Posted By imq707s:
If it was me......I would head for the flea markets and garage sales. Buy $100 worth of "great" deals...and then re-sell them on ebay or craigslist. I've made some decent money doing this...you just have to know what stuff is worth.

I found a new transmission cooler at a flea market...bought it for $15, sold it for $60 on ebay.
I found some nice looking coil-over car shocks at a garage sale for $40...sold them on ebay for $100.
I found some old harley parts at a garage sale.....bought them for around $20, sold them on ebay for around $40.
I found some old paintings at a fleamarket for $10.....sold them on craigslist for $50.
I found some Mercury outboard parts at a garage sale for $10...sold them on ebay for $50.
on..and on...and on....

As long as you know what stuff is worth....you can make some good money doing that. You will see a MUCH faster return that something like stocks, or other "long term" investments.

Give it a shot..you will be surprised.



This. Being that you are a student, you should be able to get some deals from other students that are moving or maybe hard up for cash. I know folks that make some real bucks dumpster diving after graduation.

Do you have a smart phone? If you do, you can cruise yard sales on the weekend, flea markets etc. and if you see something that looks promising, you can check Ebay on your phone to see what a similar item is bringing. One pointer, electronics are generally a bust unless it's something currently in the market. Some things that bring top bucks are toys & games from 40 years ago or older.

Don't be afraid to haggle, it might be a good deal at $20 but getting it for $5 is even better.

Providing you have the time with your studies, you should be able to turn that $100 into $1000 in a months time. Streamline your process, get all your boxes for free at the P.O., print your postage on-line, streamline.

Link Posted: 1/19/2011 4:24:19 PM EDT
Buy a carton of cigarettes and a 12 pack and think of a better plan because the one you have now sucks .
Link Posted: 1/19/2011 4:25:23 PM EDT
Buy a $100 box of nickels, they are the next junk silver. Melt value is about $137 right now. Just like it is 1964 all over again. If commodities go back down, you always have your $100

Buy $100 in forever stamps
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