-Removed-I’m acquainted with a casino gambler through a close friend.
It’s a tragic life. He gets through £500 to £1K in an evening once every few weeks. He gets angry once he’s lost everything and has been banned from time to time. He was once up by £36K with nothing to show for it as it all went back to the casino.
I would play safe with premium bonds.
- Joined
- 14 Mar 04
- Moves
- 213509
1 edit
-Removed-I think it would depend on your age and your risk aversion. The younger you are the riskier the investment and so on. If you are "retired" with no thought of reentering the workforce, low risk. If you are middle aged a bit more risk. Defo no gambling. That's my thought.
Edit: Real Estate is, usually, a longer term investment.
@great-big-stees saidI know a bunch of young guys use to fix up old homes and apartment buildings then sell or rent them out. They made themselves a lot money over the years, most of the group retired early, a few of them had addictions and wasted their money. There certainly is money to be made in Real Estate. Of course it takes a few dollars to get started.
I think it would depend on your age and your risk aversion. The younger you are the riskier the investment and so on. If you are "retired" with no thought of reentering the workforce, low risk. If you are middle aged a bit more risk. Defo no gambling. That's my thought.
Edit: Real Estate is, usually, a longer term investment.
-VR
