How would you invest 15000 dollars to turn around a good return pretty quick?

Question

I am recieving 15000 and do not know what to do with it. my credit is real bad and am thinking about bankruptcy for a 25000 debt. i want to flip this money with a quick return. what would you do?

Answer 1

its all about asset allocation. diversify your investments by instrument and industry. i'd try to invest in recession-proof companies, or companies that make money in recessions. i'm assuming that since you might go bankrupt, you wont mind a bit more risk, so buying leverage products is your best bet, so risk and shorting. Some suggestions:

UltraShort Dow 30 ProShares

UltraShort S&P 500 ProShares

www.superfund.com

Maybe invest in some GOOG and POT options

Buy OIH and GLD ETFs (wait till gold is below 850)

Invest in Suncor Energy USA

Invest in some solid stocks NOW before earnings are released. place strategic bets. do you think GE will report good earnings after missing them before? bet on companies that you think will SURPASS earnings.

INVEST IN NINTENDO

You could short Citi (Rabobank thinks it'll hit $11)

since you are in quite a bind, i emphasize shorting, leveraging, higher risk, etc.

Answer 2

Get some books and learn about the stock market.  Invest $500 to $1000 at a time in different stocks -- safe ones, some to make quick cash, some to hold.  Be sure to put stop orders on any that you buy.  You need to get your debt under control so i would work with creditors ao pay off the debt.  Keep your $15,000 principal as the principal investment and then take 50% of everything you make from your stocks and pay off your debt.  Once you're done with that then invest it all and use the 50% of the profits to buy yourself something special when you need it.  Real estate is not a good investment right now -- if you need a quick return.    But get educated!  You won't be able to make any money if you don't understand the system.  If you learn puts and calls and short sales, you'll be able to parlay your $15000 into a tidy some relatively quickly.

Answer 3

that is more than half of your debt why not ask for a settlement offer? I don't recommend you trying to flip it as you have already proven you are not good with money you will only make things worse.

Answer 4

Buy stock in MGM.  It is a gambling stock so it should suit you well.

Answer 5

Hi

I would invest it in business. I invest in business at 40% per year.

Email me at: pupking(at)luckymail(dot)com for a professional advice.

I wish you success!

Answer 6

Hi,

I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:

http://redirx.com/?0g4c

Answer 7

Mexico? you can live pretty cheap there....

Answer 8

You need to handle your debts first.  The 15k should be able to help you make payments for awhile.  Keep in mind bankruptcy laws have changed and it's much harder to file now.  As for flipping the money for a quick return...I advise against trying anything that promises a quick return.  Time to be responsible and pay your debts instead of looking for a quick buck.  I would put that 15k in a HSBC Direct Online account to earn some interest while I make payments on the 25k debt.

Check out my blog at www.sbvfinancial.com

Under client update

Answer 9

Let's see if this helps. I did a search with the following features: outperform rating by a certain popular ranking (1500+ companies); a profit margin that is above industry averages (500+ out of over 2000 companies), and since good dividends are both desirable and another indication that the company makes or has consistently made money recently, above average dividends (some 100 out of over 1300 companies). Finally, I sorted by the price performance in comparison to a major stock index, listing the top ten by stock price performance in the past month that were also above the index's average in the past quarter and the past year. Here are the top five on the list (highest increase in the last month): CALM, DMLP, CEL, CRT, and WHG.

If when you look them over for yourself you don't like one or two, no problem, omit them from what you actually put money into. Divide the dollars by those that remain on your short list, subtract the amount of your commission, then divide by the current price when you are about to place the order, and this will tell you how many shares you can afford (round down to the nearest whole share or else you may run out of money, especially if the price goes up when you place the order).

See if that floats your boat.