What to do with $50k of money?

I agree with ApocalypseXL, if you're smart enough you can make large profits in the market with very limited risk. If you buy a website for $10,000 the most you can lose is $10,000, if you brought $10,000 worth of a stock and limited your market exposure to 25% through using a stop loss order then the most you can lose is $2,500 and the most you can make is theoretically infinite.

 

Other people are saying to invest the money into the stock market but I totally disagree on the matter, as you have no responsibility of the investment and no control of the success of the business which is less exciting and you learn very little mistakes in the business world. It's very similar to gambling, you can play any game you want, but at the end it's all down to luck and there's nothing you can do to increase your luck.

$50,000 can get you a really profitable website, but you don't know how you would manage the website which will mean it will lose money and you will lose your investment. My best recommendation is to find a trustworthy person (that you actually know and have met) and open up a business where you can both build a great start-up or model. Money is one thing but much more is needed.

The virtual gaming industry is one of the most competitive markets in the world, so if you believe $50,000 is enough to make a viable model, then I am afraid you are wrong. Virtual game development and architecture creation costs millions of dollars of funding, resource and high quality employees to create - and marketing is not included. As long as you are smart with your money, and handle it well, you will make a good return. I've read up on many people who have made millions from $50,000 or less. If you do lose your money, make sure you have lost it in the hardest way possible because then you'll learn more mistakes.

 

thank you bilawal360. very informative though! +rep

 

bilawal360 is right to some degree. Although risk of loss is not understanding what you are doing at the end of the day. I like to control risk, because I know if I can't lose money then I can only make it, I guess that's what makes me "lucky" in life.

The best thing you can do is do what you know because what you have knowlege in will be the safest bet.

 

Take 1K of it and test around with CPA and PPC maybe?

 

From people around me and my own experiences comes from what I've said, and I believe that stock market is a very risky game and shouldn't be done for people who have very little knowledge on the matter. The amount of returns you get for the risk involved just doesn't balance out most of the time. I'll agree with that he should do what he's best at, and as long as it is a profitable model, grab it with both hands.

Don't be eager to waste/use the money. Money is gold. Like someone said earlier, treat it as if it's your last $50,000 you'll ever get.

 

I wouldnt get into gaming without the experience, 50k wont last long, it would employ a coder for a year tops. But if you really want to do that, get an iPhone or Andorid developer than can turn out 3 or 4 half decent games in a year, hopefully the sales would keep him employed for another. Then again if you look at offshoring to india, you could proberbly get a small army of coders, and create the next GTA.

 

@Olddocks: Donot rush into anything, that means that first relax and wait your money some little interest. Secondly the general rule of thumb in business is to spread the risk i.e. never invest all your $50k in one project. Thirdly, do research first. You can spend some little money on research but it is worth the job. Forthly, whatever you do make sure to have a business plan as this tool will be your business compass down 10 years. I hope that this helps for now. Best of luck.

 

the best thing to do with your 50k is deposit your 40k in your bank account as many people advised you here and then pick the 10k from it and start the biz from it online like adult website building or buy some websites that are making good amount of revenue per month ... and have to invest low money on it to manage those sites... it can give u a lots of profit ...

Go get a partner < should be the webmaster> then make some good money with him...

my advise ....

You can convert you 50k into millions via websites :> . . .

 

oh Thank you Makow for some great advice!

 

I used to do this, but now sites like these are impossible to find, the market is filled with crappy sites and the few that are good sell for very high revenue multiples

 

Well if I got that amount at a time I'll open a service providing website & hire thousands of outsourcing worker

 

There are 2 types of people in this world.

1. People have lot of money but dont know what to do with it.
2. People dont have money but know what to do with it.

 

I agree with SolarProducts! You should buy a few sites at Flippa or build your own website! If you ask me, I would Invest $10-20k in the website I currently own...I would also build a forum for my website and pay people to make a few thousand posts on this forum to make it active!

 

My advice is, that if you no nothing about the industry dont use the 50k for that. The money will disappear quickly especially if you dont understand the business your trying to start.

Best advice would be take some time, really research every avenue. If video games are what your wanting to get into research, research, research until it become second nature. Not everyone is a boss or has strong leadership skills but you'll get the hang of it, there are alot of good books on that topic also.

Good luck

 

I have bought kinah from pcgamerusa.com, i got them since i placed order, and got 10% extra use the code: 122389 , they sell another game, if you are a new customer with the code you will get 10% extra all the same!

 

Start a web hosting company!

 

If I got $50000, I would invest 10% in to a website and outsource a lot of the work.
You could easily out-rank competitors (not too big) and bring in over $20´000 per month if you're smart.

 

Make sure to thinks million times before you start something like online business. try to make a business that do you think will be helpful enough to make that $50K bigger.

 

make investment in ptc, its better to get higher quickly.