Stocks and investments

[Ricks15]

I was wondering if anyone on here is into doing that kind of business you know buying stocks and all that. If you have any experience doing this or if you can share just a few bits advice on how to get into this type of business.

[downforce III]

My brother is a Finacial Advisor for Morgan Standly, so he basically manages your wealth for u (much more money then putting money in the bank)....he will create profolios depending on what stock and how aggressive you like to invest. If you like to know more, email me or pm me and I'll give you his contact number. I have account with my bro also, investing in stocks like : Nissan corp, Home Depot etc..and making some money off it. so yeah, email me if u are interested.

[A Spec Products]

240 owners are probably the worst people to ask for investment tips.

Har har har

...myself included.

If anything throw your emergency fund money (savings account) into something like an ING account, the interest rates are higher than POS banks.

As far as investing, maybe an IRA of some sort. I forgot the name, but a tax never IRA is the best, the others are tax now or tax later.

And most definitely increase incoming cash flow (get a better job, etc) and decrease spending (get off this forum now haha)

Car is not a good hobby to have if you dont manage your money.

[n2motorsports]

check out mad money w/ cramer

[ZK]

You're being real general with "stocks and stuff"... what are you looking for? ways to invest your money? Or looking to get into the finance field?

If you're trying to get in - Get your college degree first, do a business or finance major and you should lean all the major basic points. Then work on getting an internship at a investment company or bank working in investments and they will train you. You would need to pass your Series exams to be a licensed broker for whatever you are working on i.e. Series 7 for stocks etc.

Be warned! it's hard work and definitely not some get rick quick method. In the field there are very few that make large sums of money - the majority of people are the hard workers who just scrape by.

[FRpilot]

true that. im a corporate finance major and this shit is no joke. not an easy major. im almost done with the finance stuff and now i gotta go through the accounting for the next yr. learned some of this stuff, but its hard to stick on my mind. i wonder if i trust myself to manage my own portfolio.

[TOMKAIRA93]

just try www.sharebuilder.com is a good way to start and they have helpful information, top picks, etc... I've made quite a few $$ there. You got to be on it though for it to work for you.

[ranisron]

finance, accounting major here:
most of the investment theories under the finance umbrella would work ,but then if you want to pick out your portfolio, it would be very time consuming.

A lot of things depend on the risk/return profile. Are you willing to take risks while young? well, higher risks = higher return, applying either the CAPM or Fama French model to calculate the expected return on equity, etc etc.

In summary, a lot of the shit I have learned in school = barely have time to put down a nice portfolio. It would take me couple of months to hand pick stocks and create a diversified portfolio (magic number is 13).

you can always try to copy the portfolio for the big guys in the market. Warren Buffet anyone??

[theicecreamdan]

go to any financial place, especially if you are young they are more than willing to help you start your investing even if the time they spend with you costs them more than what you end up paying. They know that if you start early enough you will be a very valuable customer in the future. Take any free advice with a big grain of salt. This is definitely the wrong type of forum to ask for financial advice.

fuck investing, buy an SR.

[ranisron]

LOL!

Investing stocks is ART + Science. It is actually quite interesting. Portfolio allocation is the key here.

Save up, then invest :)




fuck investing, buy an SR.

[kazuo]

You need to have money before you can start investing.

Diversity is the key, of course

Roth IRA is the best way to go with a retirement acct, provided you plan to make more when you're retired than you do now, which, hopefully, you do... otherwise Traditional IRA is the best way to go.

Do some reading, go to various investment sites and poke around.

Good luck