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Ask HN: I made $24k over the last month. Now what?

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Re: Ask HN: I made $24k over the last month. Now what?

#141

Post by webwright »

taylorbo wrote: post #16

No one has a guaranteed way to make more money quickly...but here's some ideas. Invest in startups - You might see amazing returns in ~2-5 years, but the risk is very high. High risk hedgefunds - All equity/bond/commodity investment doesn't have to be slow. It can be risky and full of high returns/loses. My favorite idea... Expand what you're doing: Use your proven track record and revenues to bank roll your own app…

Investing in startups is a bad idea unless he's accredited. http://en.wikipedia.org/wiki/Accredited_investor

Re: Ask HN: I made $24k over the last month. Now what?

#142

Post by sandGorgon »

jayliew wrote: post #125
icey wrote: post #5

First, congratulations; that's a pretty impressive feat on the app store. Have you thought about taking some of the income and using it to hire other developers to increase the number of apps that you've got being developed at once? It seems like you know what works and doesn't work on the app store, so it would probably make sense to start trying to make your efforts scale up.

You have a revenue generator model that's proven and works. Why not do more of it? Scale up?

i concur - as of now, scaling up could (but not necessarily ) mean having a captive outsourced team and capitalizing on your brand.

Re: Ask HN: I made $24k over the last month. Now what?

#143

Post by rphlx »

Why are you opposed to stocks/bonds? Not implying the trend will continue, but there are commodities and diversified foreign stock market ETFs that returned 50-100%+ last year with greater liquidity and less risk than nearly all startups.

Also, there are bond ETFs/funds that are very liquid. I am a big fan of the JNK ETF (~11% interest).

Re: Ask HN: I made $24k over the last month. Now what?

#144

Post by bravura »

Invest in my company (or another hner) in exchange for convertible debt. Micro invest to help startups pay for concrete little expenses like hosting. It might not give a high return on investment but it would be personally rewarding, and help you evaluate potential future collaborators.

Congrats by the way!

Re: Ask HN: I made $24k over the last month. Now what?

#145

Post by lrm242 »

Skriticos wrote: post #121
lrm242 wrote: post #29

Hrm, I think you're forgetting about the most important money making tool available: compound growth. Let's assume the following: You invest your current 24,000 and each month you add 20,000 to your investment. Let's further assume that you can achieve an annual return of 3.5% and that return is evenly distributed over the year. In this scenario you'd end up with $520k after two years. You're half way to being a mill…

Remember, that's not inflation adjusted. It's a common banking advice though. (Not a stupid one). As for your problem, do what most people say here: invest in the best asset you know: your business model. If you are very lazy, then just simply figure out how to let someone else do the work. And I wonder if you meant that question seriously? The wording sounds awfully naive.

Not inflation adjusted but given the short time frame near 0 inflation (in the US) means a small return still allows for growth. A 3.5% annualized return is also a very conservative target.

Re: Ask HN: I made $24k over the last month. Now what?

#148

Post by Tichy »

icey wrote: post #5

First, congratulations; that's a pretty impressive feat on the app store. Have you thought about taking some of the income and using it to hire other developers to increase the number of apps that you've got being developed at once? It seems like you know what works and doesn't work on the app store, so it would probably make sense to start trying to make your efforts scale up.

Yeah, why invest in some company you don't know anything about (stock market), if you can invest in yourself?

Re: Ask HN: I made $24k over the last month. Now what?

#149

Post by Tichy »

msg wrote: post #113
nandemo wrote: post #111

Earlier quoted context omitted.

I disagree. Investing in the stock market is far from safe. Not even an index fund over a 30-year period; we don't know what will happen in the next 30 years.

It doesn't have to be safe. It just has to be safer . You wouldn't tell this guy to learn to day trade or go into real estate. He's not going to buy savings bonds or open a money market account. He's not going to put it all down on gold. So what is he going to do with his money?

The only thing that could be "safer" about it would be to invest in the stock market as part of diversification.

Seems to me for any kind of investment, there are risks that could destroy it - houses can burn, companies go broke, money can be devalued, and so on. So some diversification is essential.

Re: Ask HN: I made $24k over the last month. Now what?

#150

Post by colinplamondon »

The ecosystem is pretty damn stable when you have a relatively up-market app. We've had stable growth with one application for the past six months, and crazy little variance in our category rank. Maybe develop a larger application, one that you can market for the long-term?
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