Any promises of 100k to 1mil a year doing forex is a scam.
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You stated a 1000% return was very achievable and even made it seem "easy" if you do your homework. I'm currently in school and plan on majoring in business/finance/econometrics and plan on going into money management or investment banking.
I'm quite interested in learning more, but from every professor/internship mentor I've had, what you're saying sounds ludicrous. So unless you stop just spewing BS fantasy-world rhetoric and give us some actual information, I'm not sure what the point of this was other to come across as an arrogant asshole without a clue.
And yes, the people I've learned/learning from obviously deal in the currency markets, its quite frequently easy money if you're smart, but nowhere near 1000% returns.Comment -
yeah we are the asses.
go toot your horn somewhere else pal.
anyone that makes over million dollars wouldn't be wasting time playing sbr poker or enter sbr contests to try to win pennies.Comment -
Funny excited newbie will learn..Comment -
Why do you stupid fukks always have to fukk up a good thing?
In The Money was giving out good advice which he thought could help people.
WTF was wrong with that?
It wasn't good enough, so you had to fukk with him and drive him off the forum?
Did it ever occur that maybe he's not lying?
Grow the fukk up, bitches.Comment -
phillydumbfukk, you have a better chance of finding big foot or get molested by aliens than trying to turn your welfare checks into millions you fukking loser.
do some research about forex and how it works before you start believing what strangers tell you from a gambling forum.
if you're truly interested in forex, go to babypips and finish school of pipsology.
when you finish (which you won't) comeback and talk to me. or else, keep your cokk sucking mouth shut.Comment -
You're a pussy ass gook. You would shit yourself if we met for real gook.
You think you know everything. You don't know shit. Certainly nothing about In The Money.
Someone said something you disagreed with, so you ran them off the forum.
You fukkin pussy why don't you try it for real with me?Comment -
Explain to me why our government is 15 trillion in the hole if any old goofball could go on the internet and discover the magical way to 1000% returns almost risk free?
You're a pussy ass gook. You would shit yourself if we met for real gook.
You think you know everything. You don't know shit. Certainly nothing about In The Money.
Someone said something you disagreed with, so you ran them off the forum.
You fukkin pussy why don't you try it for real with me?
I mean.... you can't be this dumb can you?Comment -
i'm now a fukking pussy and a gook?
you're a desperate loser that'll believe in anything.
ralphie halves introduced me into babypips and i know how forex works.
it's not a get rich quick thing, you fukking moron.Comment -
internet tough guy.
you wouldn't have the balls to say it to my face.
trust me you don't want to fukk with me.Comment -
Drop shipping.
Amazon to eBay to customer.
Never touch the product, just filter the PayPal and collect your profits. Margins are small at first but grow as your eBay limits grow. I'm up to $50,000 worth of listings now with an 8-12% margin each month.Comment -
Ya pretty much. I mean it's easy money for bear stearns, UBS, and others with the ability to borrow millions in japan at 1% interest and invest it in Australia at a guaranteed 5% return.
Basically playing the role of the banker... Which is why the wealthy get wealthier.
If you do research and get knowledgeable, you can make money, but you are a tiny little minnow in a sea of sharks, and most people get swallowed up whole without a second thought.Comment -
big bear in an investing world, if you can get back 10-12% a year, you're considered gods in that field.
nothing is easy money. if you have $10K to $15K to invest, you have a better chance at making money sports betting.
but you do need to have good money management skills, you can't go on tilt, or just bet for action.
every bet has to be thought out. this 1000% return bullshit is just straight bullshit.
it's like a capper saying he can teach you how to cap 80% winners.
we all know when someone says that, they're full of shit...Comment -
some good stuff in here
anybody here own vending machines?Comment -
I did. Invested 10k. I couldn't get clients to put my machines in. Hired a salesman on commission to place machines,
no luck. My sister got me in at her work. Placed one machine there. Good money, but had to give money to the owner.
15%. You will need a truck to haul your machines to the sites, provided if you can find sites.
You can't beat the big guys, they are on new territories like flies on shit.
I also lost 7k playing commodities/ options. I bought every book on the subject and still lost.
Horse racing/ sports betting is the same as the markets, at least you know the odds. Trading, you don't.
90% lose in the markets, just like any kind of betting.
Those ads you see on TV about investing, they make money on each trade you make. All they want is your money.
The only good thing is you can claim wins and losses at tax time.
I would recommend going to a casino and hang out at the craps table. Find a guy who wins, befriend him and learn.
If you can win just $100 a day, you are sitting pretty, tax free. Of course, that's if a casino is close by.Comment -
What are some of the best kind of products to be a broker of?
The beauty of being any type of broker is its about
supply and demand.
The customer may absolutely hate your guts but if you got what they need
they will still do business with you.Comment -
Local guy I talked to a year back says ATMs are cash machines, pun intended. He got lucky enough to set 2 up near Bush Intercontinental. Even charging $2 a pop he was pulling in $400 a week per machine, of course like vending machines it's all about location and the bigtimers get there first. You can read all these "small business for $5k" lists but so has 1,000 other people, old ideas get you nowhere in today's world. Only way to build something from nothing is to get into a market that hasn't been satisfied yet. As such you need to sit and find things that people want, and are willing to pay for. Harder still is when you find that one thing is putting yourself in a spot to accommodate those wants and needs. If a business was as easy as 'hey I have $10,000, lets go" then you know what they say, everyone and their mom would be doing it.Comment -
my friend has about 12 vending machines. Has been doing it for a lil over a year part time one day a week. Profits about a grand a month. He knows several people that make a good living off them. His advice: Only buy machines already in place. Depending on where you live routes pop up on Craigslist fairly often. Do not pay anyone to find locations for you. Do not pay any commission but if you do only 5%. Factories, drug and alcohol rehab facilities and trucking companies are great locations for obvious reasons.Comment -
There's no money in vending machines unless you are doing volume, and I mean VOLUME.
A box of 48 snickers bars will cost you about $28 after tax. Sell them for $1.00 each and profit $20. Whoop de doo....
Not to mention those machines are expensive and then you have to deal with random vandalism or theft. Screw that! Wayyy too much work for way too little profit.
A friend of mine was talking about arbitrage the other day....sounds interesting.Comment -
your opinion but not completely true and depends on what how much you want to make. Say you have 50 machines, which is about 3 days work and can be done every other week if you want. Say those machines average $40 a week in sales, thats $2k a week, margin should be right around 50% thats a grand a week profit for working a few days. Thats bringing home over $50k a year. Not great but def not bad.
There are lots more items to sell then Snickers. The margin on candy bars is pretty bad compared to other products. Your margin on sodas is in the 60%s. On baked goods such as brownies, cup cakes etc can be same.Comment -
Machines can be pricey but vandalism and theft is very minimal, but that depends on where you have them. If they are outside some where yeah there will be some problems. Not going to be much theft and vandalism at a office or factory etc.Comment -
That's the type of volume I'm talking about. 50 machines is a lot. And how much does a machine cost? $4000 - $6000? You can buy less expensive machines but they are not as secure.Comment -
You should pay me for this idea but oh well....Here's a business you can start for cheap...think about what almost everyone has EVERY morning.
The book "Stuff White People Like" ranked Coffee as the #1 thing white people like, so you know this product will always be in demand.
A COFFEE CART! My dad owns one at a major University and he and his girlfriend make good $$.
Wake up at 6 am. Arrive at Coffee Cart at 6:40. Make coffee. Open at 7:30. Leave at 2pm to Costco to restock. Let college students work til 8pm and close up the cart. Easy money.Comment -
+11
There is a retired hedge fund guy I know that trades Euro mostly - packloads of money. As an experiment, he wanted to write a book on how he turned $15 into $20 million. Everyone laughed but we also knew that if anyone could do it, he would be the one.
In 2007, he started with the $15 and started running high heat on FX. He went down to $8 and said he didn't feel any heat on that - we all laughed. A few weeks later, he was @ 167, then the year turned.
He said he ran it up to 6K, went down to 2400, and then got back up to 4K - he said he was feeling it. Obviously, he doesn't care about the money when he's already retired, but he was feeling the pressure of potentially losing all that work. After the financial crisis, if I recall he was up to $24,000.
Last time I talked to him in 2010, he was up to 176,000. He was going to stop at $20 million, but now he's not so sure about writing the book. I told him that maybe instead of $15, he should have started with 15K instead. I think he is up to about 700K now.
If you're good it's definitely possible - all traders and hedge fund guys know it can be done, but like ITM said, it requires a lot of patience. 1 million is NOTHING .. if you're talking a yard, now we are getting into really good money.Comment
