Would this be good investing?

Question

Hey guys ive been doing alot of research with investing and read some books and done alot of online things with learning about it. Ive been thinking alot and talking to my dad which is a used car salesman as a side job and does insurance as a regular job. We were talking after i sold my first car. I bought it a month ago for 800 dollars and turned and sold it for 1300 a month later. So it took me one month to make 500 dollars on only 800 dollars. So he brought up the question why invest all this money in a mutual fund or etf or stocks when you can get returns like that? He usually makes a thousand on each car he sells and sells about 3-4 a month when he only has like 5. So if i can buy one and drive for free wihtout licensing it and all that jazz and then turn and sell it and make atleast 500 bucks on it how is that not better than long term investing? If i just kept doing that?

Answer 1

no

Answer 2

Just keep doing that.

Better than buying stocks.

Answer 3

That's Ok as long as you can do that, but what do you do with the profits, just live well or save for retirement, if you start saving now when your young it's a lot easier to get some real money accumulated in 20 - 25 years, if you invest where you get 10 -15% return each year, and reinvest the returns, or dividends, easily retirer a millionaire. i can show you some of these kind of investments, you can contact me thru

[e-mail]

Answer 4

HOW MAN Y TIMES WILL YOU ASK THIS EXACT SAME QUESTION? So many times how I want. (this was your Question Answer - Answer)

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Think a long term - take a strategy or think this up. And maybe you don't like this, but you text is like buy - sell strategy. Do you know this is not investing, this is like middle class thinking - marketing stuff. Your work will be in future taxed like classical big boy stuff.

Answer 5

This should not be confused with investing.

This is a business opportunity.  Essentially, you are flipping cars.

There is a very real risk that one deal gone bad can sink you.  Suppose you buy something you think is good, and then the transmission dies, or some other major repair.  For the dollars you are buying and selling for, one major repair could cost more then you paid for the car.

Answer 6

If this was that easy, wouldn't everyone be doing it?

I bowled a 231 once but I decided against turning pro because it happened only once.

Just because it happened once, doesn't mean that it is a sustainable investment

Answer 7

Bingo!!

AP:Real-estate related costs continue to hurt banks

Monday June 9, 2:14 pm ET  

Analyst slashes 2nd-quarter earnings estimates on 22 banks, citing real-estate related costs

http://biz.yahoo.com/ap/080609/banks_ana...

NEW YORK (AP) -- A Lehman Brothers analyst on Monday cut his second-quarter earnings estimates for 22 national and regional banks, citing even steeper real-estate related costs during the quarter.

Mortgage, home equity and residential construction markets continue to weaken, which will further pressure banks' second-quarter financial results, analyst Jason Goldberg wrote in a research note.

Answer 8

HOW MAN YTIMES WILL YOU ASK THIS EXACT SAME QUESTION?

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