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WHAT WOULD YOU DO???

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dwain dibbly:
right im just thinking out loud here.
at the moment we are in the lucky position to have a significant
amount of cash sat in a savings account :)
its there because at some point we are going to expand our business and
moved into a unit,
but the money has sat there doing nothing for nearly a year
and it doesn't look like we will need it any time soon.
with all the recent financial uncertainty it got me thinking, would i be
better investing it in something that will worth while?

what do you think of me buying parts as an investment? all the stuff i have
bought oer the last 2 years has doubled in price and it doesn't seem to be slowing down :shocked:
now dont get me wrong im not thinking of cashing in on the scene i just think it would be a more enjoyable
way of investing some money :) :)
do you think its a good idea?
or do you think i could loose a fortune??
DISCUSS :daumenhoch: :daumenhoch:

Waxintaxin:
Its risky as hell , as soon as a ressession hits , then kids bikes will be first to be sold, however you are right that if you look at the market over the last few years then it has risen at a huge % rate year on year

I wouldnt do it cos it sounds like the money is intwined in the bussiness and that would be a hard thing to lose

but ,as a shifty little sod once said

he who dares rodders , he who dares

SaMAlex:
The big question would be:

If you got loads of very very nice BMX parts, then they doubled in value ..... would you ever want to sell them again!?

Swivel:

Very true and things I think will get to a point where people can't afford certain parts so if you wanted to shift them you might not be able to? Just a thought of course... Personally and I work for myself too, if I had a shed load of cash in the bank I simply would take it out, stick it into various high savings accounts for 6 months and watch it grow. You could always take out a grand a enjoy it, but I wouldn't spend a grand now on bike parts but instead on ourselves like a nice holiday which we deserve...  The decision is yours at the end of the day mate but I would stress, use your money wisely  :daumenhoch:


--- Quote from: S&MAlex on January 24, 2008, 11:58 AM ---The big question would be:

If you got loads of very very nice BMX parts, then they doubled in value ..... would you ever want to sell them again!?

--- End quote ---

dialledbikes:
Doesn't sound like a great money making plan/business idea to me.  But it depends how much money you're talking about and how much you want to make.

What's your current business?  Why not use the money to expand that now?  Or start another business where you could leverage your current experience/contacts/assets/etc to diversify.

Whenever I have any spare cash, I bring out a new model of MTB or BMX frame so I expand my range and potentially appeal to a wider market.

I think recent price rises have shown that OS bike stuff can make money, but it's a volatile market, and stuff is only worth what people are prepared to pay at the time you sell (assuming someone knows you're selling it in the first place).

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