Hi, I've seen a cpl of ppl talk abou investing in ATM's. Just wondering if anyone has looked into it at all and whether it is worth while? I've only been able to find a cpl of websites with info, and they seem to be prepackaged type management arrangements with guaranteed returns. Immediately makes me wary, so I wonder if there is another way? Any help appreciated. Cheers
One member here has actually had ATM's. Whilst I will not out him, he posts here regularly, and perhaps he may chime in with some knowledge on the subject.
Are you literally referring to automatic teller machine that spits out fiat? For you to consider investing in that implies you have faith there will never be a fully electronic currency in the future, unless you pull out investment before loss (which is now). Money (notes and coins) is dying. Electronic is the future. Now, if you were to suggest investing in Electronic Credit/Debit Machines (I am not conversing about what you are familiar with as being 'credit cards' or what-have-you) that would be a different story. Electronic zappers on the counters you swipe your forehead or palm over to deduct or add funds from or to your account. I am convinced, perhaps after the zombie apocalypse I will jump on board.
Bump this thread. Anyone on this thread with any info or experience about them? What security measures are required for the different setups? Can an SMSF buy one? Can we stock the machine with money from our SMSF?
My gf has an atm. She's calls it my wallet I did look at this briefly but I'm certain you have to pay royalties to the company that supplies the machine which turned me off. . Could still be a worthwhile investment in a busy pub with a few pokies though.
