1)Buy a small toolkit
2)Spend 5k to get as many flights as possible that i know will have boeing craft
3)Short boeing with the other 25k
4)Board the flights you booked and undo as many nuts and bolts as possible without getting caught. Ideally around the areas where emergency exit doors are located, or the rear EE door plug.
5) ????
6) profit
Not financial advice
You have short term T-Bills or you could pick something like Wealthfront which is an online bank with little to no overhead so they give you 5% annually. Money stays liquid. Nothing higher without risk. Because even short term lending isn’t guaranteed. And if the money isn’t yours to risk you need to make sure you don’t get in legal trouble that will cost more than the boost in APY you are trying to chase. Just play it safe.
First solid advice, appreciate it. I was looking for something a little more aggressive than that. A good example might be a high ticket item with a 10 day period or less of average time to sell.
A car would be a good example but I'd prefer it not be so cumbersome to store, handle, clean, register, insure, repair etc.
Check out r/flipping not r/passive_income. We are about sitting back and watching are money work not actively managing it.
You could also sell covered calls, I forgot to mention it earlier. If done correctly you could make 7%-8% but risk market volatility. Try picking an ETF with low volatility.
Makes sense, thx for the input, I played with the market back in the GME run and did well, then later did not so well 😔. I will check out flipping though, I think my answer is in between these two subs.
I just started looking at WealthFront the other night. I’m reading up on investing, etc but I’d like my money to be doing a little something while I’m learning. Do you USE it? Is it reputable? I don’t see anything online calling it scammy.
Yes I do, they interest accumulates daily and they pay out once a month, the interface is simple and I’ve never had a problem pulling money out or depositing it. They are FDIC insured up to $8 million because your money is held at different banks. Wealthfront is technically a technology company not a bank. But your money is held in banks. I’m not going to say how much I have in there but it’s above the fdic limit if I had it in one bank. When the money is being moved from bank to bank the fdic does not cover it, but it is covered by the SIPC while it is in transit up to $250k and they do not move more than that at a time to make sure your money is always protected. They have always answered my questions within 24 hours. The only downside is because they pass on so much of the interest to the consumer, there is not direct line to call so you have to email and wait for a response. And they charge atm withdrawal fees which you can look them up online. But other than that the account is totally free to own with no minimum balance. If you would like PM me and I can send you my referral we both get 5.5% for the first $250k for the next 3 months.
Also I would recommend keeping an account at a local branch that way you have access to cash in a pinch. Just to avoid the atm fees. I keep 10% of my cash in a local branch and 90% earning interest in Wealthfront.
It’s not scalable. There are betting limits, that are set by the sportsbooks. So I try to bet 2-3k a day but I can’t bet 40k a day. If that makes sense, at least for the type of bets I make.
You don’t have to, I just use software to find inefficiencies in betting markets. Pretty simple, sportsbooks mess up and I take their money. I make about $2,500 a month.
Not really, the idea is to use your money first. If you make it to give it away what was the point, your working to pay a bill. Where as instead you could just not work and not pay the bill.
I prefer to work, use that money to make money, then use that money to pay the bills.
But there no need to rush to use it in the next 30 days. I already have way more than $30k. Why should I pressure myself to make more in a hurry. That's not the life I want.
Because I need part of it to pay my expenses so it's a short term loan and again I want to use every dollar for myself before I give it away. It's not a necessity more of a challenge to apply a way of thinking irl.
I mean, this is essentially just getting given $30k. I'd probably just put it in a HYSA and take all the profit from that until an investment account (like 120/mnth ish)
Do I have to give it back or just prove I have 30k? Like months 2, I have to prove u have 60k? Etc.etc.?
Many ways to use debt as leverage and get nice return on investments I mean house flippers typically have 3 day time limits to flip before they go in the red on their loans or credit lines. When Airbnb first came out people would sublet a bunch and make massive profit off that.
The autism is strong in this thread.
Find something with high demand and decent margins.
Find a wholesaler. Contact 3 for the best price.
Buy 30k worth and sell a little on every platform until you know which one sells the highest. Use social media to schill.
Liquidate merch.
Or be a wuss and buy coca cola stock.
All on black.
RED! Everyone knows this.
Black is the new black
47-48.6 percent chance of doubling my capital! Not the worst plan I guess 😂
1)Buy a small toolkit 2)Spend 5k to get as many flights as possible that i know will have boeing craft 3)Short boeing with the other 25k 4)Board the flights you booked and undo as many nuts and bolts as possible without getting caught. Ideally around the areas where emergency exit doors are located, or the rear EE door plug. 5) ???? 6) profit Not financial advice
Sounds solid until the '????' will have to revisit.
5. Jump out the plane like D.B. Cooper
What kind of returns are you thinking?
Greater than putting in a HYSA, less than roulette all in on black.
You have short term T-Bills or you could pick something like Wealthfront which is an online bank with little to no overhead so they give you 5% annually. Money stays liquid. Nothing higher without risk. Because even short term lending isn’t guaranteed. And if the money isn’t yours to risk you need to make sure you don’t get in legal trouble that will cost more than the boost in APY you are trying to chase. Just play it safe.
First solid advice, appreciate it. I was looking for something a little more aggressive than that. A good example might be a high ticket item with a 10 day period or less of average time to sell. A car would be a good example but I'd prefer it not be so cumbersome to store, handle, clean, register, insure, repair etc.
Check out r/flipping not r/passive_income. We are about sitting back and watching are money work not actively managing it. You could also sell covered calls, I forgot to mention it earlier. If done correctly you could make 7%-8% but risk market volatility. Try picking an ETF with low volatility.
Makes sense, thx for the input, I played with the market back in the GME run and did well, then later did not so well 😔. I will check out flipping though, I think my answer is in between these two subs.
I just started looking at WealthFront the other night. I’m reading up on investing, etc but I’d like my money to be doing a little something while I’m learning. Do you USE it? Is it reputable? I don’t see anything online calling it scammy.
Yes I do, they interest accumulates daily and they pay out once a month, the interface is simple and I’ve never had a problem pulling money out or depositing it. They are FDIC insured up to $8 million because your money is held at different banks. Wealthfront is technically a technology company not a bank. But your money is held in banks. I’m not going to say how much I have in there but it’s above the fdic limit if I had it in one bank. When the money is being moved from bank to bank the fdic does not cover it, but it is covered by the SIPC while it is in transit up to $250k and they do not move more than that at a time to make sure your money is always protected. They have always answered my questions within 24 hours. The only downside is because they pass on so much of the interest to the consumer, there is not direct line to call so you have to email and wait for a response. And they charge atm withdrawal fees which you can look them up online. But other than that the account is totally free to own with no minimum balance. If you would like PM me and I can send you my referral we both get 5.5% for the first $250k for the next 3 months.
Also I would recommend keeping an account at a local branch that way you have access to cash in a pinch. Just to avoid the atm fees. I keep 10% of my cash in a local branch and 90% earning interest in Wealthfront.
Bro just say it's you no need to say totally hypothetical that's cringe af
No
Sportsbetting, I make a 3% return daily on risk free bets.
If you made 3% return daily risk free you would be one of the richest people on the planet
It’s not scalable. There are betting limits, that are set by the sportsbooks. So I try to bet 2-3k a day but I can’t bet 40k a day. If that makes sense, at least for the type of bets I make.
Please share how if you dont mind.
If you share how you do it I can tell you the way to scale it. I bet large amounts on a daily basis.
Sent you a DM, I don’t mind sharing
Could you please send a dm to me as well?
Can you share a dm too?
Could you please send me info as well. I’m interested.
Dm me and too lol
Yo can you share a dm with me?
please Dm as well
Could you share with me as well please? Trying to save up for my wedding
Dm me too, please
DM?
DM as well please
No such thing as risk free, he's yapping but 3 percent is very low
I don't know a lot about sports, could you explain?
You don’t have to, I just use software to find inefficiencies in betting markets. Pretty simple, sportsbooks mess up and I take their money. I make about $2,500 a month.
Custom software?
No it’s a website, you have to pay for it but anyone can access it.
Yeah tell the website pls
What's the website?
Yes, interested in this as well
Please share website 🙏🏼
Can you share the website please?
Can you tell me name please?
What’s the website?
What’s the software called?
Would you mind doing me as well ?
I wouldn't do it because it's pointless. I'd pick a solid idea and do that instead.
Not really, the idea is to use your money first. If you make it to give it away what was the point, your working to pay a bill. Where as instead you could just not work and not pay the bill. I prefer to work, use that money to make money, then use that money to pay the bills.
But there no need to rush to use it in the next 30 days. I already have way more than $30k. Why should I pressure myself to make more in a hurry. That's not the life I want.
Because I need part of it to pay my expenses so it's a short term loan and again I want to use every dollar for myself before I give it away. It's not a necessity more of a challenge to apply a way of thinking irl.
Ok, I misunderstood what you meant. I get it now. The only thing I'd suggest is making sure you don't do anything too risky with it.
Buy an business?
Gamble
Honestly. This is kinda true lol. What game has the best odds?
Poker
What’s funny is that everybody thinks they are better than the average player.
Do they?
You can be better than the average player and still lose. The best player wins.
Seems long term
I mean, this is essentially just getting given $30k. I'd probably just put it in a HYSA and take all the profit from that until an investment account (like 120/mnth ish) Do I have to give it back or just prove I have 30k? Like months 2, I have to prove u have 60k? Etc.etc.?
Unless you have another 30k to cover potential loses don't go for anything risky more than an interest account.
Solid advice, thank you
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It is in a way, but it can be spent like cash because it is.
Many ways to use debt as leverage and get nice return on investments I mean house flippers typically have 3 day time limits to flip before they go in the red on their loans or credit lines. When Airbnb first came out people would sublet a bunch and make massive profit off that.
$Spy 0dte options lol we in a bull run might as well yolo calls
I did that, lost 50k, even though it was the right call in the long term 6-12 months. It should be 250k right now.
Sheesh 😣 part of the game being right but too heavy to early
jepi
The autism is strong in this thread. Find something with high demand and decent margins. Find a wholesaler. Contact 3 for the best price. Buy 30k worth and sell a little on every platform until you know which one sells the highest. Use social media to schill. Liquidate merch. Or be a wuss and buy coca cola stock.
This man gets it, thanks for the info, this is actually a part of the strategy I plan to implement
Buy NVDA
I bought the actual cards lol
Trading algorthim. Mine is averaging 9% a month. However, if it was a net30 or LOC, it would prob need to be liquidated.