Reinvesting drug money

The time has come to retire. But I just can't wrap my head around the idea of no longer making money. How can I put my $10,000 of dirty money to work for me? I want to watch my baby grow like some kind of investment. Note, I'm not really asking how to launder it (unless that's necessary). Or am I better off slowly depositing my cash into a savings account? Or is there any way I can flip this into more (clean) money?


Comments


[26 Points] TheMasterTrapper:

10k doesn't need laundering, that's a pretty small amount. You could probably just blend it into real life purchases with gas, bills ect and have your work money as play money.


[18 Points] Dontcarepayme:

r/personalfinance I used a throwaway and was upfront and honest with my situation and they gave me realistic viable options.


[14 Points] steue2u:

A whole $10k? Not intending offense, but it's not really a retirement-sized nest egg, and I can't see a whole lot of options for significant gain without much risk. If you're OK with risk and want some real chance of ups, play the markets. Trade bitcoin, penny stocks, or the like. With enough volume and large enough movement, you could see some hefty gains (or lose it all).

Were I you and this was an amount I could afford to lose, that's where I'd go. Otherwise, I'd probably keep it in BTC, scattered wallets, and over a reasonable time transfer it piecemeal to my Coinbase account, then sell and deposit back into my linked bank account...keeping an eye on BTC rates to hopefully not take much of a loss, if couldn't get gains.

Wiser minds than mine will have to advise how quickly you could reasonable trickle this back to your bank without triggering their red flags for structuring.


[12 Points] capsfan19:

First piece of advice is do not give it to Clay Davis


[6 Points] CocaineNose:

put it towards your student loans


[2 Points] ffatty:

Pay tuition :)


[2 Points] rikkeemartina:

Start with this

Rule No. 1: Never Lose Money.

Rule No. 2: Never Forget Rule No. 1.

----Warren Buffett

Since you have a bit of an entrepreneur streak, go into business like ecommerce or creative real estate investing or take a few days to research and explore ideas. Adopt a millionaire mindset first. Read Think and Grow Rich. Read https://sivers.org/book/SoGood


[2 Points] BenzoBlotters:

Buy more drugs. Sell drugs. Profit. Repeat. Let your bitcoins accumulate and in 5-10-20 years you'll be rich af.


[2 Points] beefstockcube:

Go to the casino, change all of it into chips.

Put half on black. Cash out after one spin.

You either have 5k or 15k and a cool story.


[1 Points] xanaxmanthevendor:

congrats on the money, although 10k isn't a ton of money to work with, its better then nothing and a pile of debt. unless you have a guaranteed way of making money off of it, the best bet is to pay off any debts or bills i saw you said you have no student loans but if you owe anymore money i would pay it off. I'm no expert on stocks or any bank related investments. its going to really hard to use it to invest in real estate, 10k is just a very small amount for a house.

Starting a business isn't a horrible idea but it would have to be a pretty inexpensive business and there is obviously a lot of risk with that. but doing something like cleaning gutters or power washing or some kind of business that involves purchasing some kind of machinery under 10k in cost could be a decent way to make money, but if you can't get jobs it will be a complete waste of money. Again its hard to say because its not a ton for investment but i think that is your best bet.

First pay off any bills, stocks are a possibility but i would rather take my chances with a business if i was in your shoes(me personally). There are lots of simple labor type businesses that you only require money to buy some machinery that might cost a few thousand. I think the small business has the best earning potential(plus you can easily buy stuff with cash that way), but if you don't get any work you will be completely wasting your money. there are tons of small businesses that you could get some of the basics with 10k. Again would be better to have more money but if you plan it out carefully it could work out really well. what ever you do good luck too ya :P


[1 Points] LuckyEddy07:

Index funds!


[1 Points] jsarasti:

Get a job, put the money from your job into your savings, and live off the dirty cash


[1 Points] anewguy12:

There's a lot of ways to use 10k in cash. Talk to the girls working the clubs on Sunset, they pull down 3-20k a night, depending on how much coke and booze and money their customers are into. The ones that don't blow it on drugs or boyfriends all drive nice cars and know a lot of ways to distribute cash.

Buy a nice used car with cash. Like a Mercedes or something. Hve the seller mark down the sale, so you don't get screwed by California vehicle license fees.


[1 Points] bugsmourn:

/r/personalfinance /r/investing

or wallstreetbets if you have balls of steel


[1 Points] 180K:

Fuck wall street, they fucked so many people! What about dealing on the DNM?


[1 Points] genericavendredditor:

Google two words 'forex paradise'.


[1 Points] maxturbator:

Travel. Go see the world.


[1 Points] bunch0fpussies:

how can you consider retirement with 10k? Lol


[1 Points] Vendor_BBMC:

Interest rates on savings are terrible right now, but I believe that the cost of postage stamps will forever rise.

Buy stamps.

Why has the time come to retire? I'm not even 50 yet, it will be many years before I retire.

Which vendor are you? We won't help you if you don't tell us. And you must be terminally ill if you think you can retire on $10,000.


[1 Points] MAXIPAD1923:

HOLD out mnaybe oil will dip down again. when it hits 30 id buy 10k worth. wait for another war and watch it shoot up to 100/barrel. you're 10k could be worth 40k by 2018.


[1 Points] XanaxPlug:

Gambling Dog Fights Xanax


[0 Points] Princeofpotfour20:

I need to be explained how to open the onion plz save me idk what in the hell IM doing lol


[-1 Points] Tuffy121:

I would buy some ant miners. So that way you get clean btc and cash out with coinbase with no problems.