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Forums - General - I'm young and from Canada, how should I invest my money now to insure I'm financially set when I'm older?

TaterTurds said:
do what i did, take your money out of the bank and buy Apple stock, analysts say it will top 1650.00 a share by 2015, hopefully that happens, but the stock is still undervalued, putting your money in the bank sucks anyway, live a little.

I have little knowledge into how to even get started into the stock market, although I have been interested in it.



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Something tangible, honestly. Land property sounds good.



 

 

 

 

 

Invest in the creation of crab people.



           

Here's the thing about the land, my dads an old fashion guy and he told me hes giving me all his land when he no longer wants it, this could be another 20 years or longer but if I wanted to do something to it, put something on it to make money yet still have the land in our family that's what he would want, he told me he doesn't want me to sell it. Like I said its middle of no where country and there's no sign of anything big coming out of there.

I was also thinking windmills? what kind of profit would they bring, maybe rent out a bit of land, I don't think that'd be to much of a problem.



Gilgamesh said:
Here's the thing about the land, my dads an old fashion guy and he told me hes giving me all his land when he no longer wants it, this could be another 20 years or longer but if I wanted to do something to it, put something on it to make money yet still have the land in our family that's what he would want, he told me he doesn't want me to sell it. Like I said its middle of no where country and there's no sign of anything big coming out of there.

I was also thinking windmills? what kind of profit would they bring, maybe rent out a bit of land, I don't think that'd be to much of a problem.

Step 1: Plant thousands of evergreen trees on the property.
Step 2: Run a cut-your-own christmas tree lot. Sell overpriced hot chocolate to your customers.
Step 3: Profit.



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TaterTurds said:
do what i did, take your money out of the bank and buy Apple stock, analysts say it will top 1650.00 a share by 2015, hopefully that happens, but the stock is still undervalued, putting your money in the bank sucks anyway, live a little.

You know the old advice "Buy low, sell high" I think you're doing the opposite ...

Analysts who are predicting increasing sales for Apple are doing the same thing that analysts did when they predicted the PS3 would sell 121 million units by 2012 (with the XBox 360 selling 58 Million and the Wii selling 23 Million).



Arcturus said:
Gilgamesh said:
Here's the thing about the land, my dads an old fashion guy and he told me hes giving me all his land when he no longer wants it, this could be another 20 years or longer but if I wanted to do something to it, put something on it to make money yet still have the land in our family that's what he would want, he told me he doesn't want me to sell it. Like I said its middle of no where country and there's no sign of anything big coming out of there.

I was also thinking windmills? what kind of profit would they bring, maybe rent out a bit of land, I don't think that'd be to much of a problem.

Step 1: Plant thousands of evergreen trees on the property.
Step 2: Run a cut-your-own christmas tree lot. Sell overpriced hot chocolate to your customers.
Step 3: Profit.

lmao genuis!



Gilgamesh said:
Here's the thing about the land, my dads an old fashion guy and he told me hes giving me all his land when he no longer wants it, this could be another 20 years or longer but if I wanted to do something to it, put something on it to make money yet still have the land in our family that's what he would want, he told me he doesn't want me to sell it. Like I said its middle of no where country and there's no sign of anything big coming out of there.

I was also thinking windmills? what kind of profit would they bring, maybe rent out a bit of land, I don't think that'd be to much of a problem.


In 20 years things may change but, unless the land is in a pretty rare wind corridor, you probably can't make money off of wind energy (unless you know people in government that owe you favours. What you can do with the land really depends on where it is though.



Example of what I found from some guy on the internet, what i was thinking.

"I found 100 acres for $175,000. If it all had trees, the profit would be $200,000.

Then you spend 2 years straight with a staff of 10 workers and replant the whole thing with trees and in 20 years, you have another $200,000 ready there. I'll be age 48, that sounds like about the right time for paying for my kids' college. Then I'll plant another forest. When I am 68, I'll need to buy my retirement home. So I'll just cut down my trees, build a small house on 1 acre of it, and then ask the grand kids to plant another 100 acres of forest, when I am 88, I'll die, and my kids will inherit a nice cash cow."



HappySqurriel said:
Gilgamesh said:
Here's the thing about the land, my dads an old fashion guy and he told me hes giving me all his land when he no longer wants it, this could be another 20 years or longer but if I wanted to do something to it, put something on it to make money yet still have the land in our family that's what he would want, he told me he doesn't want me to sell it. Like I said its middle of no where country and there's no sign of anything big coming out of there.

I was also thinking windmills? what kind of profit would they bring, maybe rent out a bit of land, I don't think that'd be to much of a problem.


In 20 years things may change but, unless the land is in a pretty rare wind corridor, you probably can't make money off of wind energy (unless you know people in government that owe you favours. What you can do with the land really depends on where it is though.

Where I'm from windmills are BIG (and I don't mean there size)