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cam into money

  • 21-12-2013 9:03pm
    #1
    sean98
    Registered Users, Registered Users 2 Posts: 36 ✭


    Hi, i am a young lad and recently came into a bit of money....i want to put the money into something that could be profitable.
    I do live on a farm and am very interested in farming.any suggestions on what i could buy/do would be appreciated!! Cheers


Comments

  • #2
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    I think you know yourself better than you think because the answer is in your question.invest in your farm no brainer!if someone with a keen interest and a bit of capitol, in an industry he has a passion for, will out do any investment advise here, hands down! work on an idea without the capitol first and when you are sure on its success ,put some capitol in. Good luck


  • #3
    sean98
    Registered Users, Registered Users 2 Posts: 36 ✭sean98


    euroboom13 wrote: »
    I think you know yourself better than you think because the answer is in your question.invest in your farm no brainer!if someone with a keen interest and a bit of capitol, in an industry he has a passion for, will out do any investment advise here, hands down! work on an idea without the capitol first and when you are sure on its success ,put some capitol in. Good luck


    Thanks and i do plan on putting the money into farming. But i wanted to know what i could buy to sell again to make a good profit. Any ideas?


  • #4
    gustafo
    Registered Users, Registered Users 2 Posts: 1,759 ✭✭✭gustafo


    sean98 wrote: »
    Thanks and i do plan on putting the money into farming. But i wanted to know what i could buy to sell again to make a good profit. Any ideas?

    That's a dodgy game cheif, you may end up losing the lot


  • #5
    sean98
    Registered Users, Registered Users 2 Posts: 36 ✭sean98


    gustafo wrote: »
    That's a dodgy game cheif, you may end up losing the lot

    I realise that but if i do buy a couple of weanlings lets say, theres no mad rush to sell them, i can wait until prices are good to maximise my profit:)


  • #6
    lucky john
    Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    http://touch.boards.ie/forum/845

    The farming forum might be worth a look for you. There's lots of sharp lads on there that know how to turn a few euro.


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  • #7
    tadcan
    Registered Users, Registered Users 2 Posts: 458 ✭✭tadcan


    You could try linkedfinance, which uses the crowd funding model, i.e lots of people contribute a small amount to providing loans. You can bid from $50-2000 at up to 15% per loan, with most loans I've seen around 9.5-12% based on the amount being asked etc. If the loan is oversubscribed the top end offers get rejected and they can be put back in at a lower %. It's a bit of fun guessing what a good rate is and watching the snipers come in ten minutes before the close of bids to get the highest rate and start to cut each other off.

    Plus you are helping the Irish economy and get a better return then the banks, as long as the company makes their repayments, obviously. Full disclosure, if it wasn't obvious, I have been making bids on the platform.


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