Tangible Investment Ideas (Physical or Online Products)

So am wondering what to invest my extra money on into something that won't depreciate for the next 10-30 amount of years.

I know we don't all have crystal balls but aside from the obvious (gold, bonds, stocks, certain cars, house)

What are some stuff that you could buy today that is untraceable to yourself (crypto and stocks is usually traced to your credit card or PayPal or other payment method etc)

Either physical or non physical that will retain its value for many years.

For example if you wanted to maybe turn some extra bank money into emergency funds you could buy a very appreciable asset in that budget range and sell it when need be.

Some people keep money in boxes under their beds still but I feel that is too risky in this day and age.

Some people say to just buy gold but also feel iffy storing gold around the place like money.

Basically trying to figure out my own method of saving my money and making it not spendable apart from sending money to family and friends for safe keeping.

If there is no money in my bank account i can't spend it. I know how silly this sounds but honestly I need to find a solution for this fast because the amount of impulse buying and wasting money is getting crazy even though half is therapy but the other half is just a seriously bad addiction very bad habit like eating unhealthy food.

So ideas for essentially money laundering my own money into some form of savings but not savings.. I like the idea of collecting stuff but can't be too visible I guess or large as then it will be exposed to others and possibly stolen.

I was considering watches but then thought it might be hard to sell them later down the line if suddenly demand for watches go bust.

Crypto is very tempting but with past history of wallets and exchanges disappearing overnight it is also starting to not be a viable option.

Comments

  • +2

    Drugs

    • untraceable money laundering with large rewards and fast turnaround. I'm sure this is the answer OP was looking for.

      • Plus a chance of your custumer robbing/murdering you or taking off with the stuff, while high on it

  • +1

    Just create a secondary savings account through a different lender and set up an auto transfer from every pay

    Out of side out of mind, as they say

    • Different lender means?

      • +1

        Sorry, different bank or financial institution. So they're not linked and so you don't see the balance every time you log onto netbank

      • Different bank.

  • +1

    Why does it need to be "untraceable" to you?

    If you want to put funds away, put it into long-term term deposits. Or government bonds with long maturity dates. The issue with something that's both long term and untraceable to you, is that if you lose it, it's gone.

    • The untraceable means just so I don't have to see a tax accountant or do any reporting on it. I am pretty good but 1 time out of 25 I slip up meaning I will forget to report something or report incorrectly at least one time so looking for fool proof measures.

      Like if a certain headphone never lost value I would stock up on it and who knows maybe in 10-15 years it might be worth double like some old games and retro consoles today.

      Buying games and consoles today have an opposite effect in that they depreciate very quickly.

      Hmm maybe war hammer stuff might be something to look into hmm

      • Buying games and consoles today have an opposite effect in that they depreciate very quickly.

        Everything depreciates very quickly. Appreciating assets are very rare, and other than investments or loans (which term deposits, bonds, shares, etc all are) are very hit-and-miss, especially if you're looking for things like collectibles.

        • I know that is why I am avoiding it. Trying to find the safe and reliable option now in 2018.

  • How much money are we talking about at the moment?

    • Maybe a few hundred a week atm.

      If I get lucky and find a more solid income stream or job maybe a thousand to thousand a half per week.

      Right now excess money is going to family, friends, rent, bills but I still have done leftover and while contemplating a another savings account i just feel it kind of like putting all eggs in one basket so I want to have fun and diversify.

      Lately I have been regret impulse spending on stuff I would never ever buy and pretty much throwing away my ozbargain card out the window hardcore.

      Some I can thankfully return or refund but others are well let's just say the damage is already done and so trying to minimise future damage now by making funds unavailable by making worthy investments like repairing the house, stocking up on long life necessities etc, investing in stuff the list goes on.

      I was considering just dunking it all in crypto and stocks but I want a safe return or even just a place to store the money or value of the money.

      I like alternative and unconventional ideas and methods so fielding ideas from the brains trust here at ozbargain and probably whirlpool and reddit next.

      • I like alternative and unconventional ideas and methods

        These don't really exist as safe, stable, investment options - because investments only have value if someone is willing to pay money for it when you need the money down the track. The more unconventional the idea, the less stable and the less buyers there will be for it.

      • +1

        You're saying two fundamentally contradictory things:

        I was considering just dunking it all in crypto and stocks but I want a safe return or even just a place to store the money or value of the money.

        So basically you are saying that you want a "safe" return, i.e. low risk. That's fair enough.

        I like alternative and unconventional ideas and methods so fielding ideas from the brains trust here at ozbargain and probably whirlpool and reddit next.

        This is the definition of high-risk, high-reward strategies. If you want a safe return, bank savings account is the answer for you.

  • https://www.finder.com.au/savings-accounts/best-savings-acco…

    For you, the Bankwest one seems the best if you have a few hundred a week (min. deposit only $200/month, 2.60% rate).

    • Any with no commitments or conditions in case you have an unpredictable empty month.

      • Deposit what you can but keep some other money in another savings account elsewhere for rainy months? All high(er) interest rate savings accounts come with strings attached - otherwise it'd just be a normal transaction account that you earn 0.01% interest on.

        • Is the rate simple or compound interest?

          So say I deposit the minimum $200 * 12 = $2400

          Then at end of year it becomes $2400 * 0.026 = $62.40 + $2400 = $2462.40

          • @AlienC: Generally they're calculated daily on the balance of the account, and paid at the end of the month or the start of the next month.

            Bankwest has a calculator:

            https://www.bankwest.com.au/personal/savings-calculators/sav…

            Then at end of year it becomes $2400 * 0.026 = $62.40 + $2400 = $2462.40

            No - because only $200 (or less) of that has been there for the whole year. You would end with $2,462 if you invested $2,400 all at once at the beginning of the year.

            If you started with $200, and then added $200 per month, you'd end with $2,429 or thereabouts.

  • +2

    Salary sacrifice to your superannuation.

    • OP is on Centrelink payments.

  • +1

    Anyone know if jewelry retains value or does it depreciate a lot like everything else?

    • +2

      Depreciates like crazy (ask anyone who's had an engagement called off). Its innate value is just the gold (other precious metal) content. You might as well buy gold bullion if you're considering jewellery.

  • Slaves.

    • +1

      Food and whatnot upkeep might ruin the investment opportunity you know like owning having children.

      • If your slaves have children, that's just more slaves! More and free slaves!

        • Yes, but the futures capacity of children is already baked into the price, so if they DON'T have children then you're losing money!

  • What's wrong with a term deposit?

    • Op wants untraceable.
      A term deposit with a bookie will fulfil that requirement

      • Basically yeah something that keeps value and is possibly transferable.

        Thinking of something almost like an heirloom but no attachments and untraceable everything wise.

        • collectible LEGOs, Rolex etc?

          • @payton: Was actually thinking about watches.. But have no clue about the industry and if any watches keep value and more etc.

  • Crypto is very tempting but with past history of wallets and exchanges disappearing overnight it is also starting to not be a viable option.

    That's why you store it in an offline wallet.

  • So am wondering what to invest my extra money on into something that won't depreciate for the next 10-30 amount of years.

    What are some stuff that you could buy today that is untraceable to yourself (crypto and stocks is usually traced to your credit card or PayPal or other payment method etc)

    Everything is traceable back to something else. Unless you're thinking of buying things purely with just cash, but even then that's not as untraceable a you think. All of the other ideas that you have are traceable back to you, e.g. watches.

    For example if you wanted to maybe turn some extra bank money into emergency funds you could buy a very appreciable asset in that budget range and sell it when need be.

    This makes no sense to me. What do you mean by "a very appreciable asset in that budget range"? Most things that are highly liquid (e.g. stocks) are things that you've ruled out. The things that you are saying you could buy (e.g. watches) are actually highly illiquid, so if anything, it would be very hard to sell when you need the cash.

    Some people keep money in boxes under their beds still but I feel that is too risky in this day and age.

    Why would you do this unless you are engaging in criminal activity? Most people just keep their money in a bank account.

    Some people say to just buy gold but also feel iffy storing gold around the place like money.

    This is a very, very senseless thing to do. The transaction costs of buying gold for the amount that you're considering would make it prohibitively expensive. I'm not sure why you would even consider gold.

    Basically trying to figure out my own method of saving my money and making it not spendable apart from sending money to family and friends for safe keeping.

    Term deposit, stocks, cryptocurrency, property, bonds…self discipline?

    So ideas for essentially money laundering my own money into some form of savings but not savings.. I like the idea of collecting stuff but can't be too visible I guess or large as then it will be exposed to others and possibly stolen.

    This entire thing seems sketch. Can you explain why you can't just invest in things that everybody else does?

    Crypto is very tempting but with past history of wallets and exchanges disappearing overnight it is also starting to not be a viable option.

    I think you're confused. Are you willing to take on risk or not? If not, keep your money in a term deposit you can't access, don't invest it in a risk asset like stocks or cryptocurrency.

    • My guess is that he wants to avoid reporting his extra income to Centrelink

    • I just have a certain leaning towards anti government anti beaurcracy stuff if that makes any sense especially when it comes to money it just gets messy and lots of forms to fill and sign and id check yada yada etc

      I do follow the law and do no criminal activity and the idea of investing in something that is essentially mine and unknown to anyone else but myself is alluring to me.

      For example owning some pieces of art or even old fashioned putting physical money in a box is a nice to have imho and I honestly just want to collect something physical or tangible or not tied to anything that might be tied to the government or otherwise I like uncommon value or methods of doing stuff so not necessarily illegal but unconventional .. Like for example maybe storing it in a steam wallet or Google play balance or fortnite bux if I knew I could sell it for a fair value down the line.

      Finding the modern equivalent of putting cash in a box basically.

      I might do that maybe but sometimes things as small as cash tend to fly around also living in a share house.

      TL;DR yes I am crazy and I like doing funny stuff like storing my savings in timeless priceless sneakers or some shiii (also this is probably just a passing phase and just taking ideas for now.. 90% I will just do like the rest of us and save it to a savings account in another bank or separate account just have to train myself to do it and practice discipline)

      • +5

        I just have a certain leaning towards anti government anti beaurcracy stuff if that makes any sense especially when it comes to money it just gets messy and lots of forms to fill and sign and id check yada yada etc

        No, that doesn't really make any sense. Also, I'm not implying that you're engaging in any criminal activity, just trying to understand what you want. I'll explain below.

        For example owning some pieces of art or even old fashioned putting physical money in a box is a nice to have imho and I honestly just want to collect something physical or tangible or not tied to anything that might be tied to the government or otherwise I like uncommon value or methods of doing stuff so not necessarily illegal but unconventional .. Like for example maybe storing it in a steam wallet or Google play balance or fortnite bux if I knew I could sell it for a fair value down the line.

        This entire paragraph doesn't make any sense. Let me explain.

        1) If you want to buy antique art, then that's fine. However, I don't think you have any idea of what this actually entails. Do you really think that they would actually sell an expensive piece of antique art to some guy with $20,000 cash without any sort of ID or without being able to trace back to who you are? That would be insane from the perspective of the seller. How would they know you're not trying to launder money, that the cash you have is legitimate and not fraud…etc.

        2) What's the difference between putting physical money (what is physical money, anyway) in a box and a bank savings account?

        3) The idea that physical money is tangible and not tied to anything government is completely untrue. The entire idea of fiat money is that the physical cash itself has no worth. This is so that the value of the money can be controlled (implicitly) by central banks when they set inflation targets. The only way that you can have something which has a value not tied to anything government related is to buy things which provide you directly with utility. In other words, things that you can use (e.g. food, clothes, cars…etc.), things that still have a use if the world were to end tomorrow.

        4) Storing money in a steam wallet or Google play balance is basically like storing money in a bank. It's fully traceable back to you and the idea is exactly the same. There's nothing "unconventional" about this. It's just a bad idea, which is why most people don't do this.

        5) There is a modern equivalent of putting cash in a box. It's a bank savings account.

        TL;DR yes I am crazy and I like doing funny stuff like storing my savings in timeless priceless sneakers or some shiii

        Have you ever considered that the reason why you have the financial issues that you do now is because of you liking to do "funny stuff"? It would appear that the first step to resolving your money issues would be to stop the funny business and get some financial education.

        There's a reason why people don't do this sort of "funny stuff" regularly. It's because it's a bad idea. I'm not saying that you will lose money, but the way you are going about it is giving you worse odds than simply going to the casino and playing roulette. What justification do you have that your sneakers will appreciate in value or keep their value? What research have you done to know that this is something people will want in the future? What sort of models have you actually used to try and price these sneakers…etc.

        None of the things you're saying make any financial sense. If you want to spend money on "funny things", go ahead, I think that's great (money is to be spent, after all). However, don't pretend that you're investing, you're not.

        • +1

          Lets call a spade a spade - this sounds exactly like OP is trying to hide money from the govt / family / authorities or some combination of these and not draw attention to it.
          All the responses and reasoning don't make any practical sense.

          • -1

            @PronounceIt:

            this sounds exactly like OP is trying to hide money from the govt / family / authorities or some combination of these and not draw attention to it.

            While I agree with this - wanting privacy from the government for your financial affairs isn't a crime, nor is it unreasonable. It's only in the past few decades or so that we've become used to the government being able to track basically every cent of your money.

            Personally for me, the convenience of online services and the relative lack of utility of said privacy means I'm too lazy to do anything of this kind, but the impulse is far from unreasonable or, worse, indicative of some kind of wrong-doing. Privacy is not a bad thing.

            [And no, don't even think about saying: "But if you're not doing anything wrong, you have nothing to hide". Privacy is valuable in and of itself.]

      • +1

        If you want to gain an increase from your investment but don't want tax office to know about it, you need to reexamine yourself. You say you do follow the law, but that's not what I'm hearing.

        • -1

          OP hasn't indicated at all that they won't report capital gains income to the government. This impulse to jump to "If you don't want the government to know everything you're doing, you must be doing something wrong" is, to put it bluntly, asinine.

          • @HighAndDry: Sure, but back on topic, "If you want to gain an increase from your investment but don't want tax office to know about it", that sounds pretty dodgy.

            So you reckon he wants to pay CGT without ATO knowing he has the asset. And you're calling other people foolish? (Yeah I had to look that up. Very classy insult IMO.)

            • @SlickMick: CGT is only payable when your gains are realised, not whenever they occur. So yes, still asinine to be this judgemental with this little information. (But I do try to be creative, thanks. It also has slightly more subtle connotations too. I think it's fitting that I'm also trying to be nuanced).

              • @HighAndDry: Okay. I missed the part where op intends to reveal his secret investment upon tax becoming payable.

                You're right, I'm totally too untrusting of people's motives.

                I think I'll leave it there unless the op chooses to reveal more.

  • What about antiques ?. You could buy some trinkets that aren't going to take up much space.

    • Any ideas on what might last the test of time and still be saleable in 20-30 years?

      • +1

        I think I have an entire attic's worth of stuff.

      • Not really, I presume their would be items though that always sell quickly.

  • Not sure whats is your end game, try to avoid tax perhaps? anything digital can trace back to you. Bin Laden tried that.

    • Just want to have fun while saving some money.. making it a game per se.. that's all.

  • I was considering watches but then thought it might be hard to sell them later down the line if suddenly demand for watches go bust.

    Watch, handbags, etc are all commodity items. I learnt this from a salesperson at a watch store (sells new and used watches)… the only time a modern watch will go up in value is when the manufacturer raises the price of the new version. OFC, there will be exceptions… rare, old hand-made watches, or linked to special events/persons (e.g. the exact one Neil Armstrong wore to the moon).

  • Send your money to me, I will invest it for you but keep it on the DL so you have no paperwork to worry about. When you want it back (+interest) at some point in the future just let me know.

    • -4

      Pm me your portfolio or ideas / strategy.. just a heads up if you trying to scam me you are trying to scam the wrong person lol (I enjoy litigation and lawsuits and called the police for "favours")

      • +3

        With how little knowledge you have, you're definitely an easy scam. So no, he/she wouldn't be targeting the wrong person lol

        • :) yes i am very oblivious and gullible :)

      • Free tip: If you need to sue someone or report them to the cops, it means you've already lost. Prevention > literally anything else in this respect.

        • Normally yes.

          But my record is above 50% in respect to giving people who deserve it some form of sentence or charge.

          What I meant to say is this is not uncharted territory for me.

          I don't do perfect records anymore.. life is messy for me now.

          But I know what you are trying to say it is good advice for those who want to never be caught by those who will catch them off guard.

          I don't mind a bit of dancing.

          Sometimes you win sometimes you lose but it is definitely not a clean perfect streak anymore.. just like gambling you win some you lose some.

  • Limited edition shoes

  • Crypto can't be traced to you if purchased with cash. Even if you want to purchase crypto with a card you can easily launder money through games such as Runescape, WoW, etc.

    • You reckon they will still be readily available in 30 years?

      • Crypto or the games?

        • Good question

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