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What would you do?

  • 18-05-2009 4:13pm
    #1
    GavDeMav
    Closed Accounts Posts: 26 ✭


    Hey lads, after coming into a bit of money. I'm a 3rd year bricklayer and have been thinking to myself that I should buy up tools, scaffolding, a mixer and trailer with the money now and store them for the future because everything is going so cheap. I havent been working as a bricky in around a year. Would you reckon thats a good idea or should I hold out for another while and see do they go down further? Thanks in advance for your replys


Comments

  • #2
    tombull82
    Registered Users, Registered Users 2 Posts: 910 ✭✭✭tombull82


    Depending on the amount of money you are talking about it might be worth your while buying up as much equipment as possible and transporting it all over to Poland and other eastern countries which are supposed to now be seeing a "boom".


  • #3
    niceirishfella
    Closed Accounts Posts: 5,538 ✭✭✭niceirishfella


    Gav,

    We've not hit the floor yet - hang fire.


  • #4
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Hold on to your money and retrain into another profession.


  • #5
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    No. The reason is that this wouldn't generate any cashflow for you. There also wouldn't be much of a capital gain.

    Second hand scaffolding - who wants it really? It's really important to maintain this sort of gear well.

    I would concentrate on finding a source of cashflow, and spending as little of your windfall as possible until you find something that can actually generate cash.


  • #6
    dennistuam
    Closed Accounts Posts: 155 ✭✭dennistuam


    energy and insulation course pure scam as well as ber energy assessor about 2000 retire cops teachers and hairdressers have done
    it keep away


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  • #7
    conolan
    Banned (with Prison Access) Posts: 586 ✭✭✭conolan


    antoinolachtnai wrote: »
    No. The reason is that this wouldn't generate any cashflow for you.

    That's solid advice. So what if you save 10% of the cost compared to 1 year from now when you might have work. When you have work, you have cashflow.

    Besides, you might decide in 6 months not to be a bricklayer.

    Either put your cash away or find a little business that will generate cash now and put some of your money into that.


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