What would you do with $80 000?

[czar07]

Originally Posted by 86 gts

No one can come close to consistently and reliably doubling their money every 24 months. Not even the great Warren Buffett.

2010[9][54] 5 $4.75 billion 9 $2.00 billion
2011[28][8] 1 $10.31 billion 1 $9.00 billion
2012[1][44] 1 $29.17 billion 1 $18.00 billion

ever heard of Gina Rinehart :P

[86 gts]

Originally Posted by czar07

2010[9][54] 5 $4.75 billion 9 $2.00 billion
2011[28][8] 1 $10.31 billion 1 $9.00 billion
2012[1][44] 1 $29.17 billion 1 $18.00 billion

ever heard of Gina Rinehart :P

2 to 3 year history is not long term consistent performance

[czar07]

I am sorry, 2.00 billion personal wealth to 18.00 billion is just terrible performance..

[86 gts]

There are many who have made a lot of money, particularly riding a phenomenon such as the mining boom, but to sustain that rate of capital gain over many years is unheard of, particularly playing the stock market as one of the forum members suggested.

[ERZperformance]

I will get a use GTR

[Palmy]

Originally Posted by Hawk77FT

Tell you something mate: On the international sharemarket there were more than 15 stocks that doubled their value in 2011. It is a matter of luck though. If you look at their names you wouldnt know, but if you look at the whole picture (what market they are in, the potential growth for a specific industry, etc) you might be able to choose the right one.
I am sure there are very rich people out there (alive ones ) that have the knowledge and money to double their investment! Ask their advice!

You say it like its easy. If it were that easy, everyone would be doing it.
For every success story millionaire, there are literally millions of people who lost everything to those few that won big.

[fuddbutter]

80k should be enough for a messy weekend for me...

[Hawk77FT]

Originally Posted by Palmy

You say it like its easy. If it were that easy, everyone would be doing it.
For every success story millionaire, there are literally millions of people who lost everything to those few that won big.

I agree with you. But I have never said that is easy! As for everything it takes a lot of work, knowledge, luck, risk and money! Not everyone, regarless of their willingness or knowledge to make money is open to take these kind of risks. Sorry if I painted an overly optimistic image here.

[Hawk77FT]

Originally Posted by 86 gts

There are many who have made a lot of money, particularly riding a phenomenon such as the mining boom, but to sustain that rate of capital gain over many years is unheard of, particularly playing the stock market as one of the forum members suggested.

I have never mentioned "a sustainable rate of capital gain" over the years mate. I said that he could invest the money, and buy an 80k car when he can really afford it. To be clearer: lets say I have 1.5 mil in my bank, right? (I wish i did but I dont). And i make say 100k a year only! What do I do? Buy a 100k car and reinvest the rest or go buy a Pagani Zonda cinque or a Bugatti Veyron that's worth around that money? Can I REALLY afford the Veyron or 100k car would be better? (insurance, service, tyres, and whatnot). Would 100k sustain a certain lifestyle?
Thats how people get into never ending debt! I simply suggested a bit of consideration when it comes to spending. At the end of the day it is his money! Creating wealth is not easy!

[Range]

Can everyone stop talking about investing the money, 80k is what I have decided i can loose on a car, it isnt my life savings and I already stated that I have a secured future. Life is short there's no point in making money if you dont spend it.

[86 gts]

Originally Posted by Range

Can everyone stop talking about investing the money, 80k is what I have decided i can loose on a car, it isnt my life savings and I already stated that I have a secured future. Life is short there's no point in making money if you dont spend it.

If I was spending $80k on a car it'd be 135 coupe
In my 20s, when I started making decent money ($120k +) I dumped a lot of money on everything including cars and motorcycles
Now in late 30s, I figure that I have to retain my lifestyle until I die
As a consequence am busy paying off my mortgage & squirreling away money, so 86 will be enough car for the next 4 to 5 years, hence talk of investments

[Jedi1]

Cayman R or Boxster Spyder. DONE!