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Topic # 29266 31-Dec-2008 13:01
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Hey guys


I guess the saesons' treating u all well.....

Happy New year to you all...and remember not to drive and drink!!

Well I thought it would be a good idea to pick some smart brains about my investment decision....

-I just got given 100K as a gift from one of my extremely generous uncles'.....the condition is I need to give it back to him in 5 years time.....strange though!!I wondered if it was stolen....but he says its legit!!

I have decided to invest it and make some money for myself with it.....u know things like "financial free in five years" and things like that....anyway away from fantasy land...I want to make a decent investment..so that I can atleast give him back his 100k and keep some for me in the process....

anyone here have any good ideas..other than starting a porn site etc...some guys I checked with believe it is one of the most reliable and fast growing business around...but it does not seem to agree with my ethics n stuff..

any ideas are better than none...so give it a shot....please...

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  Reply # 186813 31-Dec-2008 13:06
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Put it in the Bank

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  Reply # 186814 31-Dec-2008 13:12
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I second sticking it in the bank. You might to make as much on it but at least it will be safe.




 



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Reply # 186815 31-Dec-2008 13:15
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I guess there aren't many choices out there aye...
one guys asked me to invest in cmmercial properties, now that all the house prices are falling...!!!
he reckons its gonna be the next property boom...God knows when..

strangely enough he wants to sell his commercial property to me...

Nate wants an iphone
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  Reply # 186816 31-Dec-2008 13:16
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Bank, either in a high interest savings account, or term deposit. Both will give you some return on it, while ensuring that you still have the money you started with.




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  Reply # 186829 31-Dec-2008 14:30
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It might be a good time to buy shares?

Doesn't sound like much of a gift, but I guess as long as it's only a loan then he doesn't have to pay gift duty :)

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  Reply # 186833 31-Dec-2008 14:53
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Develop a #1 hit game for the iPhone and stick it on App Store. You'll be paying your uncle back that $100k within days.

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  Reply # 186852 31-Dec-2008 18:37
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Or you could be a bit more of a player and put $75k in the bank (make sure it is govt guaranteed btw), $20k in Fletcher Building shares, and $5k for your Macbook Pro or whatever it is to develop the iphone apps.............




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  Reply # 186855 31-Dec-2008 19:10
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  Reply # 186857 31-Dec-2008 19:41
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ascroft has the right of it: diversify. But sbiddle's answer has merits; if you can find the right genius Cool

Bank mortage funds pay a higher return than their term deposits. But Southern Cross might be comparable.

I think shares might range sideways for the time being, but don't rule out in the intermediate term.

BTW -who's paying the tax on the gift? I think amounts over about NZ$30-38K generate tax, unless there is some loophole your Uncle has found. Also, remember, that it may constitute a gift when you hand it back in five years, so there's that to consider: damn -there goes my profitsMoney mouth

Oh, I just about forgot: congrads on your windfall. Spend wisely: let's see: an upgraded HTPC, 1080p projector, Denon 3805 receiver, best 7.1 speaker system, MySkyHD...

Is it just me -I'm on dial-up- but the server tonight is slower than the Black-caps rise up the test rankings Yell . It took five minutes to load this edit page.




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  Reply # 186863 31-Dec-2008 21:13
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Buy some Art, bank some and have you tried gambling?



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Reply # 186893 1-Jan-2009 08:59
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Happy New Year guys.....and thanx for all the updates last year.

I am quite intrigued by the suggestion from biddle corp"Develop a #1 hit game for the iPhone and stick it on App Store. You'll be paying your uncle back that $100k within days"......something to try n materalise....

about the google shares..u could be right....I was looking at it in Oct 2007 and it was worth about US$750 a share...I am glad I waited...

I'll probably work out the bank deposits options, a few cheap tech stocks/medical products.....

One of my mates had done a course few months back through some realestate academy and decided to become a property investor..he paid about 5K just for the course....now unfortuately the working plans they made for him does not apply in the current market...they have asked him to go back for another course..lol

I should probably setup a coaching institute...in something....lol..
looks like they make money if the market is going up or down...




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  Reply # 187272 4-Jan-2009 03:47
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1gkar: BTW -who's paying the tax on the gift? I think amounts over about NZ$30-38K generate tax, unless there is some loophole your Uncle has found. Also, remember, that it may constitute a gift when you hand it back in five years, so there's that to consider: damn -there goes my profitsMoney mouth

It's not a "gift", it's a "loan" to be repaid in 5 years.  Even if they insisted on paying market rates on the interest, that could be gifted instead.

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  Reply # 187298 4-Jan-2009 12:53
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bazzer:
1gkar: BTW -who's paying the tax on the gift? I think amounts over about NZ$30-38K generate tax, unless there is some loophole your Uncle has found. Also, remember, that it may constitute a gift when you hand it back in five years, so there's that to consider: damn -there goes my profitsMoney mouth

It's not a "gift", it's a "loan" to be repaid in 5 years.  Even if they insisted on paying market rates on the interest, that could be gifted instead.


Really, I guess my reading ability has fallen recentlyWink

Samn0001: -I just got given 100K as a gift from one of my extremely generous uncles'




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  Reply # 187449 5-Jan-2009 10:03
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Take it to the casino, put it all on black. Repeat for 5 years. Save as houses (which we've seen aren't that safe)Wink

Note that this does not constitute actual financial advise!

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  Reply # 187450 5-Jan-2009 10:08
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1gkar: Really, I guess my reading ability has fallen recentlyWink

Samn0001: -I just got given 100K as a gift from one of my extremely generous uncles'

I guess so... Tongue out

Samn0001: I just got given 100K as a gift from one of my extremely generous uncles'.....the condition is I need to give it back to him in 5 years time

bazzer: Doesn't sound like much of a gift, but I guess as long as it's only a loan then he doesn't have to pay gift duty Smile


I suppose I was just pointing out the loophole you mentioned, hence my use of inverted commas.  BTW, gift duty is payable over $27K.

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