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Thread: Making a profit

  1. #1
    Join Date
    Nov 2006
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    Making a profit

    any suggestions on where to make more than 6% on your money? safely..
    If in Doubt, Build it Stout!
    One hand washes the other!
    Don't put off today till tomorrow!

  2. #2
    Join Date
    Dec 2007
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    Does this mean you already know how to make 5%, safely?
    Chinese Proverb: Man who eats many prunes gets good run for the money.

  3. #3
    Join Date
    Nov 2006
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    London, Ontario
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    buy low sell high?

    (seriously, I am sticking with index funds mostly, but I'm no pro and not a millionaire either - yet.)
    There's usually more than one way to do it...
    www.wordsnwood.com ........ facebook.com/wordsnwood

  4. #4
    Join Date
    Oct 2006
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    Toronto, Ontario, CANADA
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    What's a profit?
    Cheers, Frank

  5. #5
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    somewhere east of Queen Creek, AZ - South East of Phoenix
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    Indexed annuities typicaly have a7.5% return if you stay with em for at lest 10 years
    "There’s a lot of work being done today that doesn’t have any soul in it. The technique may be the utmost perfection, yet it is lifeless. It doesn’t have a soul. I hope my furniture has a soul to it." - Sam Maloof
    The Pessimist complains about the wind; The Optimist expects it to change;The Realist adjusts the sails.~ William Arthur Ward

  6. #6
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    actually i was thinking of buying bargins and reselling which could bring in more than 6 percent on the average..
    If in Doubt, Build it Stout!
    One hand washes the other!
    Don't put off today till tomorrow!

  7. #7
    Join Date
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    Constantine, MI
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    I purchased a condo and rented it out. I should net 10% this year.
    Host of the 2017 Family Woodworking Gathering - Sunken Wood

    “We all die. The goal isn't to live forever; the goal is to create something that will.” - Chuck Palahniuk
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  8. #8
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    Delton, Michigan
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    not quite in the range rennie but same train of thought..i can remember when you could get 5% on a savings account
    If in Doubt, Build it Stout!
    One hand washes the other!
    Don't put off today till tomorrow!

  9. #9
    Invest in Gold????

    Not to many places that I feel safe putting my cash into.
    Anybody can become a woodworker, but only a Craftsmen can hide his mistakes!

    The Bible tells us to love our neighbors, and also to love our enemies; probably because they are generally the same people.

  10. #10
    Join Date
    Jun 2007
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    Oceanside, So. Calif. 5 mi. to the ocean
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    Quote Originally Posted by Dom DiCara View Post
    Invest in Gold????

    Not to many places that I feel safe putting my cash into.
    Gold is sort of in the tank now. Might be a good time to purchase. I purchased some ten or fifteen years ago. Even in this low market it is worth multiples of what I paid. That is not a fantastic financial deal. However, we purchased it as a safeguard against monetary collapse; investment was a secondary consideration.

    Another "however," the gold is worth more now than it was when I purchased it. That is better than some other investments that I made (example: a company made a profit every month for over a hundred years---until I bought a wad of it.)

    Enjoy,

    JimB
    First of all you have to be smarter than the machine.
    VOTING MEMBER

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