Most amount of money made for least amount of time spent?
Discussion
Might be a daft question, but does anyone know of a (legitimate) business model which generates the most amount of profit for the least amount of effort?
Probably any PHer who's doing really well is not going to spill his secrets all over a public forum but I'd like to ask the question and see if any ideas hit.
I did pretty well from the bitcoin surge in 2017 (bought in 2015) and was thinking of selling the coins and investing into another business (thereby deferring the CGT on them)
At the moment I'm on paternity leave and am casting about for ideas which won't require any demands on my time but that can bring serious return on an investment of £600k
Thanks
Probably any PHer who's doing really well is not going to spill his secrets all over a public forum but I'd like to ask the question and see if any ideas hit.
I did pretty well from the bitcoin surge in 2017 (bought in 2015) and was thinking of selling the coins and investing into another business (thereby deferring the CGT on them)
At the moment I'm on paternity leave and am casting about for ideas which won't require any demands on my time but that can bring serious return on an investment of £600k
Thanks
being in the right place at the right time on anything (cars / land / houses / bitcoin / etc.) will always do that - but you need to be able to predict accurately...
as for regular standard businesses - most require hard work - but when you have cash you can at least buy the hard work of others - so perhaps look at ideas where others are making you money? - i.e. invest into a business / buy in staff into an idea - so you are not having to put in the time...
as for regular standard businesses - most require hard work - but when you have cash you can at least buy the hard work of others - so perhaps look at ideas where others are making you money? - i.e. invest into a business / buy in staff into an idea - so you are not having to put in the time...
I invested £500 in the brewer 'Brewdog' a few years ago whilst slightly under the influence, took only a couple of minutes. Sold 4% of my holding recently for £514 so have, at worst, got my money back.
Hopefully the remaining 96% will be worth quite a bit if/when they float upon the stock market.
Hopefully the remaining 96% will be worth quite a bit if/when they float upon the stock market.
Truckosaurus said:
I invested £500 in the brewer 'Brewdog' a few years ago whilst slightly under the influence, took only a couple of minutes. Sold 4% of my holding recently for £514 so have, at worst, got my money back.
Hopefully the remaining 96% will be worth quite a bit if/when they float upon the stock market.
Well done.Hopefully the remaining 96% will be worth quite a bit if/when they float upon the stock market.
drainbrain said:
The Moose said:
What's the plan?!
Offer him a sleeping stake in something which'll happily and easily pay the stated sum. It's something which is often (and very satisfactorily) funded by non-participating shareholders.
But, as you can see, the sleepy one has become comatose....
What pays 25% ROI pa with no input...that isn’t hellish risky?!
The Moose said:
That’s just rewording what the OP said!
What pays 25% ROI pa with no input...that isn’t hellish risky?!
I'm sure if you put your mind to it you could think of many things......What pays 25% ROI pa with no input...that isn’t hellish risky?!
On Friday I lent a friend £10k to put a bet on a football match. He couldn't access his own cash till Monday and really didn't want to miss out on the bet. It won, and made him £9.3k profit on top of the stake which he returned to me.
Would you say that was "hellish risky"? The bookie obviously didn't or the odds would've been better. The friend obviously didn't which is why he made the bet in the first place.
But what about you? What do you think? Funny thing, risk.
(ps: my plan for the OP's money has no connection to gambling and is a fairly boring business thing that just happens to generate a decent ROI).
Careful, betting with borrowed money can be just as risky as betting itself
https://www.google.co.uk/amp/www.telegraph.co.uk/n...
https://www.google.co.uk/amp/www.telegraph.co.uk/n...
Truckosaurus said:
I invested £500 in the brewer 'Brewdog' a few years ago whilst slightly under the influence, took only a couple of minutes. Sold 4% of my holding recently for £514 so have, at worst, got my money back.
Hopefully, the remaining 96% will be worth quite a bit if/when they float upon the stock market.
Have you tried Brewdog? They are arguably bigger now but their products don't shift because they are overpriced and no better than anyone else'sHopefully, the remaining 96% will be worth quite a bit if/when they float upon the stock market.
To the Op, If you can let go of certain aspects of the business then once you get to the level of having staff you can take a lot of the pressure off in some circumstances. Stocks and shares maybe also a good shout for a minimum of effort. but both require start-up effort and learning that outweigh the then minimum effort required I would say. To build my business it took many years of very little holiday time, 80+ hour weeks etc. Now I have employees and only really plan to work 3 days a week, generally, things come up and I do more but it seems like a holiday now after what I was used to doing!
Truckosaurus said:
I invested £500 in the brewer 'Brewdog' a few years ago whilst slightly under the influence, took only a couple of minutes. Sold 4% of my holding recently for £514 so have, at worst, got my money back.
Hopefully the remaining 96% will be worth quite a bit if/when they float upon the stock market.
Nice one on those Brewdog shares! I invested in their 2015 round so I will not have the same return as you've done unfortunately. I'm afraid to admit I wouldn't know how to get rid of them!Hopefully the remaining 96% will be worth quite a bit if/when they float upon the stock market.
On a beer note, Hiver Beers is currently looking for investment, but it's slowed in the past few days. I'm debating whether to invest.
Toaster Pilot said:
Careful, betting with borrowed money can be just as risky as betting itself
https://www.google.co.uk/amp/www.telegraph.co.uk/n...
Y'know that story puzzles me. I'd have thought news of a big win and winner especially like the one in the story would be a huge business stimulator - an even better way to boost (or maintain) BET365 business than the (very good) Ray Winstone ads. https://www.google.co.uk/amp/www.telegraph.co.uk/n...
My own similar story involves winnings of a grand or so on a team I bet "to win" which were refused because the team won in extra time and not normal time. (sorted at area manager level).
I hope that lady gets her winnings + interest + costs. Very 'unsporting' of BET365.
drainbrain said:
But what about you? What do you think? Funny thing, risk.
(ps: my plan for the OP's money has no connection to gambling and is a fairly boring business thing that just happens to generate a decent ROI).
£600k to buy a business generating £150kpa (turnover or profit?)(ps: my plan for the OP's money has no connection to gambling and is a fairly boring business thing that just happens to generate a decent ROI).
correct me if incorrect is this for the letting business? (opp north and even further north
)In the 'card tart' era (2002-2004?) when credit companies didn't share info and weren't that arsed to do due diligence, I think one of the loaded journo's worked out you could have had maybe over 100 cards, timed them to arrive at his address, and used every one to pull cash out of cash machines up to the limit, his said cash, then go bankrupt. Would have made quite a story.
superlightr said:
£600k to buy a business generating £150kpa (turnover or profit?)
correct me if incorrect is this for the letting business? (opp north and even further north )
Nope, nothing whatsoever to do with letting. Wouldn't take a sleeping interest in letting at more than commercial loan rates. 5%. So £30kpa from £600k. So not worth a PH'er getting involved in.correct me if incorrect is this for the letting business? (opp north and even further north
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