so...I wanna invest my money...

[DALAZ_68]

As of Monday, my 1 year CD acct has finally come to an end...what a waist of effort...

so ive decided to take 1k and invest it...my problem, ive never invested...i either spend my money, or save it in my savings acct...and thats total waist because all i get from my bank is a measly dollar and something from my current sum...F THAT...

what im asking fellow Zilvians who do have stock, buy/trade/sell w/e it may be:...

how would someone like me get started?
anything specific i should focus on?
should i spread it around or focus on one thing?


i really wanna avoid stupid childish comments in this thread, such as "invest in me and my car''... stupid shit like that ill request you get pinked



Im looking to get serious, im doing my own research on the side and im also talking to other co workers who have been doing this for years...im just lookign for another opinion on a different ide of the spectrum

no im not expecting to make millions, ill be happy with a few hundred or a couple thousand, w/e will help me invest now, so i can spend on school later...

if you have any insight or questions i hope this thread can help others lost like me...

[ESmorz]

Give me the money, I will buy a lot of Fonzi bobblehead dolls and sell them on the streets.

[enkei2k]

stocks right now honestly you might be a bit late to jump in the game. a few months ago, the market was at 7-8000 and now it's already close to 10k. but for stocks, i'd recommend taking a look at walmart, or mcDonalds, or any company that is for the budget conscious in this economy. banks are slowly paying off their loans and reporting profits you can look at those as well.

i don't have stock personally but i will once i have the funds. my friend is playing stocks now and he recommended at least investing 2k.

[DALAZ_68]

stocks right now honestly you might be a bit late to jump in the game. a few months ago, the market was at 7-8000 and now it's already close to 10k. but for stocks, i'd recommend taking a look at walmart, or mcDonalds, or any company that is for the budget conscious in this economy. banks are slowly paying off their loans and reporting profits you can look at those as well.

i don't have stock personally but i will once i have the funds. my friend is playing stocks now and he recommended at least investing 2k.


i wouldnt mind investing 2k if its worth it...i just want my money to work for me now...im mainly looking for big gains in short time...

but i dunno iv asked diff people here at work and some tell me yes go for it...start off small and keep adding to it every week, others tell me no dont even bother


im young...i figure id rather take a risk now then when im old and feeble...

[Genovese.Jr]

just invest a little money and try and double it my mom is really good with that shit are you going threw like 401k stock or private like scottstrade eather way just do youre homework on companys you plan on buying there stock

[norcal_black240]

Well if you don't plan on letting your money sit for a while more than likely you will not see a big return over a small time unless you get very lucky.

I recently bought some stocks in GE and maybe in like 10 years I might pull a profit if I am lucky. As long as my money keeps up with inflation I willbe happy enough.

Also people are right about taking more risk when you are young cause if you mess up youhavemoretime to pull yourself out of whatever you got yourself into. If you play it safe more than likely you won't gain big.

[Drift N Dragg]

Invest it in my Track.. LMAO... JUST KIDDING....

Start small with Stocks.. Key to the Stock Market is "Research" .. Watch the companies you are interested in.. See how there Daily, Weekly, Monthly flow goes.. Increase's, Decrease's...

Watch the new's or blogs or Companies website.. to see improvement, or information on what the company is doing... Once you get use to doing this , it's not that hard.. just takes alittle time everyday ....

Then start the First investment .. Start Small and work your way up...

I have invested like this for sometime.. I gain, I lose.. it's all apart of the game..

The best way is to remove your profits when you see a gain and you think that the market may fall.. then wait for the prices to drop and reinvest the OG amount you put in.. Keep the Capital you earned over the OG amount in a Orange style saving account or a Online Trading site... keep doing this.. it's a little gain here there.. you would be surprised at how fast a 1000 can turn into 2000... Just make sure you "RESEARCH".. that is the Key...

I can get ALOT more detailed if you want??

[DALAZ_68]

just invest a little money and try and double it my mom is really good with that shit are you going threw like 401k stock or private like scottstrade eather way just do youre homework on companys you plan on buying there stock

Well if you don't plan on letting your money sit for a while more than likely you will not see a big return over a small time unless you get very lucky.

I recently bought some stocks in GE and maybe in like 10 years I might pull a profit if I am lucky. As long as my money keeps up with inflation I willbe happy enough.

Also people are right about taking more risk when you are young cause if you mess up youhavemoretime to pull yourself out of whatever you got yourself into. If you play it safe more than likely you won't gain big.


my problem is i know nothing...i know investing my money is better that letting it sit in my acct for a month only to get 1 fucking dollar...

while i dont need what i saved, i want i to work for me like i had to work to earn it...

i need someone to lead me a path, who should i talk to? i highly doubt talk to my bank would work very well im pretty sure they dont have my best intrest in mind, i just want to make a sound judgement instead of just leaping feet first 2 floors high in what could me a 2 inch deep pond :squintd:

[exitspeed]

I'd consult a financial adviser that you can trust. I happen to know a guy who is a family friend and he does this stuff for me and has my best interest in mind.

[DALAZ_68]

I can get ALOT more detailed if you want??


please!!!

ive been looking at blockbuster & ford, its what my coworkers told me to check out...

[DALAZ_68]

I'd consult a financial adviser that you can trust. I happen to know a guy who is a family friend and he does this stuff for me and has my best interest in mind.


thats pretty much what i need...mind you i come from a family who imigrated to this country and me and my siblings and cuzins are all first gen americans...and only my sister, brother and I are old enough to have real steady jobs and are total fuck ups... i dont have anyone like you do who weve known for years and has my best intrest at heart...finding someone like that in L.A. would be a godsent miracle

[norcal_black240]

Well if you don't know anything about investing do what everyone else does. Learn about it. Read yahoo finance, financial times, buy a book on investing, take a class at a college. It's your money, you should invest it how you want to.

Start a etrade account or go through a place like Charles schwabb. Just gotta startputting time and effort into it like everything else in life.

[Om1kron]

whats the name of the company that keeps you on track, with the green line and shit like monopoly, they sound like a good look.

[DALAZ_68]

Well if you don't know anything about investing do what everyone else does. Learn about it. Read yahoo finance, financial times, buy a book on investing, take a class at a college. It's your money, you should invest it how you want to.

Start a etrade account or go through a place like Charles schwabb. Just gotta startputting time and effort into it like everything else in life.

time is my enemy, but your right...im just looking in places i know if there is anything good out there to check out first...

whats the name of the company that keeps you on track, with the green line and shit like monopoly, they sound like a good look.

wait...wut?

[upsdude]

+1 for a financial advisor...cuz most of us dont know what we're doing...if you look you can swoop up some real estate at a good deal too you wanna go that route.

[DALAZ_68]

+1 for a financial advisor...cuz most of us dont know what we're doing...if you look you can swoop up some real estate at a good deal too you wanna go that route.


im not down for real estate...

[SimpleS14]

Research is key. I started off by looking at companies in various industries I like and following how they performed. I track everything via Google finance as they bring up other companies that compete in a similar space with the one you're researching. As well as current and past news articles. Plus with iGoogle I can have my google page list stocks I'm following. I can share that page with you if you're interested.

Also you need to set up a goal for yourself and determine how risk adverse you are (i.e. how much risk you're willing to take).

I missed the train big time when I started this year. I bought 100 shares of Ford at 1.65 and sold it at around $2.50...but you see where it is now...yea...

Anyways, I opened up an account with ING Sharebuilder and TD Ameritrade. If you open up an account with TD Ameritrade and deposit $2500 you get 500 free trades. If you don't, each trade is $10.

I'm currently doing the ultimate gamble and betting big on pink stocks aka "penny stocks". In one day I made $250 from $700 and ~$160 from $80 in two days. However they are by far the riskiest investments to take. In one day I was down $200, but I held until I was back in the green.

I'm also going to stable-aggressive route and investing solely in one stock (for now). I currently have shares of Alcatel-Lucent (ALU) that I bought a few months ago @ 2.66 a share...now its over $4. I found this company through small research (Google Finance) and I knew Lucent was a solid company and this merger could only mean better things in the future. I plan to hold onto this stock for at least 10 years unless there is a huge up swing.

Finally I'm looking into retirement and have a ROTH IRA setup that is very aggressive and solely invested in SPDR S&P 500 (SPY). Unlike my other investments accounts, I can't withdraw this money until I'm 60. I have this account via ING Sharebuilder because they offer an automatic investing feature where you can invest a fixed amount of money at the frequency you want. It's similar to how 401K deducts from your paycheck and buys whatever amount of shares with available funds.

I hope this helps. I suggest you save up more, or if you want to drop that 1K into something...drop it into ONE stock and ride the storm for atleast six months.

[Drift N Dragg]

Blockbuster is not doing so well.. Netflix kinda Overtook them, I mean you can get it on Xbox 360 and Online and in the Mail.. How Awesome!!!!

Ok, Here is a Example:

Evergreen Solar, Inc.

(Public, NASDAQ:ESLR)

Current: 1.80 a Stock

If you do your Research, You will Notice that have a rather repetive Increase and Decrease, looking to be a 6 Week Raise and Fall.. (LOL this is a Stock I use to use)

Write down and monitor the activity over a 4 week period.

Find a Online Trading company that gives you a Free amount of Trades without fee's.. (I use AmeriTrade.. But you look at all of them and see what you like)

Min investment to your new account is 500.00 ..

Once everything is setup Buy you New ESLR Stock

Monitor your stock once in the Morning and Afternoon and Close of Business..

When you See your stock reach a average level before it drops off Remove your money.. You should come out ahead.. Lets say you Removed 750.00 ... You bought 500.00 worth..

Now wait for the Price to Fall (and it will ), When it reaches the level where it seems to bottom out (based on your Research) Buy back in with you Initial 500.00... Leaving 250.00... Now my AmeriTrade gives me a Set Percent on what is in my Savings.. Like a Saving account,. But more.. Depending on the Market.. Once I was getting 3.5% a month.. Keep this Cycle going .. watch your Saving investment grow...

this is just a small single stock.. here is what I was making as a Refrence:

When I bought into ESLR is was 1.20 .... I bought it at 500.00 in 6 weeks is was at 7.50 .. (thats 6.30 More a Stock then what I paid)

That was 3,750, Making 3,250 Profit.. I removed everything and waited for it to drop.. NOW there is a Fee for removing your money from the stock and back to the account.. It depends on the Service provider on what the fee is .. Kinda like Paypal, mine was 3% ..

Like Clockwork the Stock fell to around 2 and some change.. I rebought in and Pulled again after it reached a peak.. Now there are times If I would have left it in a day or 4 longer I would have made more.. But you need to be safe and watch your money, Because if you dont pull out you end up losing.. That has happened to me as well.. and Nothing sucks MORE then looking in your account and seeing your stock isnt worth SHIT.. .. :axe:

But I did 5 Months of research on this company before I actually bought in .. again RESEARCH is the way to know your company.. Read there Site... ESLR is a Solar Company for Alternate Energy in Japan.. Japan was looking for Alternative Energy and this company did well.. But its does do alot of Incline and Decline..

This is just how I DID IT.. It may not work for some and it may.. you have to be patient and do your research..

Hope this helps..

[g6civcx]

I should stay out of Off Topic.

[S14_Kouki]

Can you invest in porn. People love porn. Porn is good all year long

[exitspeed]

thats pretty much what i need...mind you i come from a family who imigrated to this country and me and my siblings and cuzins are all first gen americans...and only my sister, brother and I are old enough to have real steady jobs and are total fuck ups... i dont have anyone like you do who weve known for years and has my best intrest at heart...finding someone like that in L.A. would be a godsent miracle

I can ask my guy if he knows of anyone out there. You know people have contacts all over.

[g6civcx]

I should stay out of Off Topic.

[DALAZ_68]

Blockbuster is not doing so well.. Netflix kinda Overtook them, I mean you can get it on Xbox 360 and Online and in the Mail.. How Awesome!!!!



thats what i said, but aperantly blockbuster is working on a deal with motorla to have a feature in which you can download mivies directly into ur phone,

the limit withe 360 is that you dont get current titles immidiatly in that system, u can what, idunno say batman returns, but u cant get batman begins that came out 2 years ago... its still a flawed system, blockbuster is working to be able to download current titles...not just old ones...

Ok, Here is a Example:

Evergreen Solar, Inc.

(Public, NASDAQ:ESLR)

Current: 1.80 a Stock

If you do your Research, You will Notice that have a rather repetive Increase and Decrease, looking to be a 6 Week Raise and Fall.. (LOL this is a Stock I use to use)

Write down and monitor the activity over a 4 week period.

Find a Online Trading company that gives you a Free amount of Trades without fee's.. (I use AmeriTrade.. But you look at all of them and see what you like)

Min investment to your new account is 500.00 ..

Once everything is setup Buy you New ESLR Stock

Monitor your stock once in the Morning and Afternoon and Close of Business..

When you See your stock reach a average level before it drops off Remove your money.. You should come out ahead.. Lets say you Removed 750.00 ... You bought 500.00 worth..

Now wait for the Price to Fall (and it will ), When it reaches the level where it seems to bottom out (based on your Research) Buy back in with you Initial 500.00... Leaving 250.00... Now my AmeriTrade gives me a Set Percent on what is in my Savings.. Like a Saving account,. But more.. Depending on the Market.. Once I was getting 3.5% a month.. Keep this Cycle going .. watch your Saving investment grow...

this is just a small single stock.. here is what I was making as a Refrence:

When I bought into ESLR is was 1.20 .... I bought it at 500.00 in 6 weeks is was at 7.50 .. (thats 6.30 More a Stock then what I paid)

That was 3,750, Making 3,250 Profit.. I removed everything and waited for it to drop.. NOW there is a Fee for removing your money from the stock and back to the account.. It depends on the Service provider on what the fee is .. Kinda like Paypal, mine was 3% ..

Like Clockwork the Stock fell to around 2 and some change.. I rebought in and Pulled again after it reached a peak.. Now there are times If I would have left it in a day or 4 longer I would have made more.. But you need to be safe and watch your money, Because if you dont pull out you end up losing.. That has happened to me as well.. and Nothing sucks MORE then looking in your account and seeing your stock isnt worth SHIT.. .. :axe:

But I did 5 Months of research on this company before I actually bought in .. again RESEARCH is the way to know your company.. Read there Site... ESLR is a Solar Company for Alternate Energy in Japan.. Japan was looking for Alternative Energy and this company did well.. But its does do alot of Incline and Decline..

This is just how I DID IT.. It may not work for some and it may.. you have to be patient and do your research..

Hope this helps..

i get yah...

This is not true under current IRS practice. If your account administrator is forcing you to do this, get a new account.

You can take a distribution at any time, but the tax implications may be different depending on the situation.

http://www.irs.gov/pub/irs-pdf/p590.pdf

and im also wondering about taxes in the end of the year? how do you deal with that...?

Can you invest in porn. People love porn. Porn is good all year long

sad to say he has a point...we all know thatwithout internet porn, the internet would be long dead lol

I can ask my guy if he knows of anyone out there. You know people have contacts all over.

that be pretty swell actually...

When I was in business school, I majored in finance. After my third year I dropped finance when I realized the finance people don't actually know what they're doing, and mind you I went to a top 10 school. I can do anything a finance guy can do minus the ability to sell.

There are amateur day traders who do make money in the market, just like there are people who make a living from casinos, but these people are few and far in between.

The average person with no background and no connection should NOT be investing in the stock market unless you don't mind losing all your money. Think of the stock market as a casino with very complex rules and many back room deals.

If you're not in the private rooms, you're not going to make much money at all.

I can valuate a stock just as well as the next financial analysis, but in a stock value is half reality, half future expectations. Therefore at best you only have half of the puzzle.

For now I recommend you stick with safer investment vehicles like bonds and CDs, especially if you don't have time.

If you want to play then I recommend you get a good book and learn the basics of what a stockis . Then start learning about futures and derivatives. Then start learning about how to make orders on the market.

If you really want to gamble then you have to learn and do it yourself. If you pay someone they may not be as good as you and they don't care about you.

Ignore any tips people want to give you because no one can predict the future. Learn on your own and make your own predictions.

If you have any specific questions let me know.

Blockbuster is not doing so well.. Netflix kinda Overtook them, I mean you can get it on Xbox 360 and Online and in the Mail.. How Awesome!!!!

Ok, Here is a Example:

Evergreen Solar, Inc.

(Public, NASDAQ:ESLR)

Current: 1.80 a Stock

If you do your Research, You will Notice that have a rather repetive Increase and Decrease, looking to be a 6 Week Raise and Fall.. (LOL this is a Stock I use to use)

Write down and monitor the activity over a 4 week period.

Find a Online Trading company that gives you a Free amount of Trades without fee's.. (I use AmeriTrade.. But you look at all of them and see what you like)

Min investment to your new account is 500.00 ..

Once everything is setup Buy you New ESLR Stock

Monitor your stock once in the Morning and Afternoon and Close of Business..

When you See your stock reach a average level before it drops off Remove your money.. You should come out ahead.. Lets say you Removed 750.00 ... You bought 500.00 worth..

Now wait for the Price to Fall (and it will ), When it reaches the level where it seems to bottom out (based on your Research) Buy back in with you Initial 500.00... Leaving 250.00... Now my AmeriTrade gives me a Set Percent on what is in my Savings.. Like a Saving account,. But more.. Depending on the Market.. Once I was getting 3.5% a month.. Keep this Cycle going .. watch your Saving investment grow...

this is just a small single stock.. here is what I was making as a Refrence:

When I bought into ESLR is was 1.20 .... I bought it at 500.00 in 6 weeks is was at 7.50 .. (thats 6.30 More a Stock then what I paid)

That was 3,750, Making 3,250 Profit.. I removed everything and waited for it to drop.. NOW there is a Fee for removing your money from the stock and back to the account.. It depends on the Service provider on what the fee is .. Kinda like Paypal, mine was 3% ..

Like Clockwork the Stock fell to around 2 and some change.. I rebought in and Pulled again after it reached a peak.. Now there are times If I would have left it in a day or 4 longer I would have made more.. But you need to be safe and watch your money, Because if you dont pull out you end up losing.. That has happened to me as well.. and Nothing sucks MORE then looking in your account and seeing your stock isnt worth SHIT.. .. :axe:

But I did 5 Months of research on this company before I actually bought in .. again RESEARCH is the way to know your company.. Read there Site... ESLR is a Solar Company for Alternate Energy in Japan.. Japan was looking for Alternative Energy and this company did well.. But its does do alot of Incline and Decline..

This is just how I DID IT.. It may not work for some and it may.. you have to be patient and do your research..

Hope this helps..
i did try the CD route, honestly i made more buying cars and parting them out...that alone was double of what i got from my CD acct...with B.O.A.

any one know of a good forum to visit...i mean cmon were in the internet age...im pretty sure theres atleast one forum worth visiting...

[exitspeed]

that be pretty swell actually...



Sent him an email. I'll let you know when he gets back to me.

[I LUV MY S13]

right now is actually a good time to buy stock due to everything being at an all-time low....walmart stock? 3 yrs ago they were almost at 60 a share now they're at around 34, or last time i checked atleast...they would surely come back up once the smoke clears

[Drift N Dragg]

^^ Agree.. and I hate walmart. LMAO .. But wal-mart stock has a way of splitting too... ...that's one good thing about wal-mart

[g6civcx]

I should stay out of Off Topic.

[g6civcx]

I should stay out of Off Topic.

[g6civcx]

I should stay out of Off Topic.

[Drift N Dragg]

For people who say to do research, what exactly am I researching? I can take a company's quarterly report and valuate the stock to see if the stock is over or undervalued.

I can also look in the papers for news about the company and the industry.

What else can I do other than to sit in on the backroom deals?

This is what I did.. and I think I stated, IT just what I did.. Just my Personal Experience.. Information Purpose's.. Hope that is kinda Clear...

Research = Company, Books and related Information on Buying and trading stock's, Watching the Market and companies and making a Fake Tablet for Practice, Information based on the the Type of Investment you are looking into, Pro's/Con's, What you are looking to gain, Looking the companies competition and what they are doing to advance them , What the company you are looking at's R&D New's... Watching the Market.. Alot of Note taking..

Now you do not have to go to school for it, and try to be some kind of Guru, I didn't.. Yeah, I dont always make a good profit on it, But it's all for fun for me. It's something new.. Yes, Research is the Key.. Know what your going to be putting your money into before you do.. Every Aspect ... All the Corner's...

What excatly do you mean by "Backroom" Deals?

[I LUV MY S13]

Stocks are not like a tennis match. Just because it was at 60 doesn't mean it should be back at 60.

If Walmart screwed up and the company has no value, then the stock value needs to go to 0.

Giving each other stock tips with no sound basis in the understanding of stocks makes absolutely no sense.

reason i used walmart as an example is because they are the number 1 retail company in the world...i highly doubt a multy billion dollar corporation will go out of business that easily, if u read about em of all retail companies in this country they had the lowest number of stores close with like 5 i think....their stock will go back up...guaranteed

like i said tho they were just my example

[DALAZ_68]

Giving each other stock tips with no sound basis in the understanding of stocks makes absolutely no sense.

thats pretty much what i dont want happening, i dont wanna just take advice from someone who doesnt understand the full concept...

if someone knows the concept and can atleast break down half of it to my simple minded thinking, i think ill be alright...


This is a really complicated question.

You don't get taxed until you take a distribution. How much tax depends on how you take the distribution. The IRS has hundreds of pages on the tax treatment of Roth IRA distributions. Read the link I posted.

im assuming distribution = cashing out...?

This is what I did.. and I think I stated, IT just what I did.. Just my Personal Experience.. Information Purpose's.. Hope that is kinda Clear...

Research = Company, Books and related Information on Buying and trading stock's, Watching the Market and companies and making a Fake Tablet for Practice, Information based on the the Type of Investment you are looking into, Pro's/Con's, What you are looking to gain, Looking the companies competition and what they are doing to advance them , What the company you are looking at's R&D New's... Watching the Market.. Alot of Note taking..

Now you do not have to go to school for it, and try to be some kind of Guru, I didn't.. Yeah, I dont always make a good profit on it, But it's all for fun for me. It's something new.. Yes, Research is the Key.. Know what your going to be putting your money into before you do.. Every Aspect ... All the Corner's...

What excatly do you mean by "Backroom" Deals?

in the times were in anything + is good in my eyes

i know i missed the point ot strick when the iron was hot, but like i stated in the begining of my thread...my money was stuck ina CD acct for a 1 yr period...i made a very small profit...and im just not down to have my money locked up for that period of time again and only get so little back...

in this direction i can invest my money, make a bigger profit (and yes i understand the risk of loosing, but im not investing all, not even close to all my money) i see it as

i know 1k isnt a lot to begin with, but i rather start off with something that will show a reasonable gain that starting off with 100...i could easily throw 5k into it but for being a beginner i dont see that at all wise for my self...

i guess my best option is to start with penny stocks and stick to that until i can understand the market a bit better...

exitspeed - thank you for sending that email...any help is greatly appreciated...

[drift freaq]

Steve there has been some good stuff said already but I will add some stuff.

First off, if you really are into investing and playing the stock market? Day trading is really not the way to go as it is extremely dangerous i.e. easy to lose money fast, as are penny stocks.

The stock market is not a get rich quick situation. My father has invested in the stock market for years and made quite a bit of money and lost some as well. In the end its the experience that makes you successful.
You need to learn everything about the company you are investing in and following them over a 4 week period is pure ignorance. We are talking years you want to see their Value to product ratio. You want to know there assets as well as there earnings for like the last ten years. You want to know if they are overvalued vs earnings.

You also need to know when to purchase and when not to. To many people see a stock going up and start purchasing. Thats only good if there really is room for it rise. Most of the time by the time its going up the opportunity has been missed. The real smart way is to buy when people are selling i.e. when the stock is down and sell when people are buying. Most stock investing is a long term situation, quite often people hold stocks for years at a time. Sometimes you sell some to take a profit but not all. Other times you might sell off some to stem possible worse loses

Right now for example Ford looks interesting. They did not take bailout money, their product seems to be pretty damn good. I even just drove a Ford Focus rental car and was impressed by how well it ran and how good it felt. Their stock has risen some off its lows of a few months ago but there is plenty of room for growth.

You also need to watch the market on a daily basis and learn how it ebbs and flows, i.e. goes up and down. Learn about Bear investors vs Bulls. Bear investors tend to bet on the negative and Bulls tend to go positive. It actually affects the flow of the market. Get yourself a good stockbroker as well. Regardless of what anyone says about trading online yourself nothing beats someone who's life is the stock market. These guys know more and usually can give you reasons as to why a specific stock has not performed well on a particular day. Learn about puts and calls, as well as short sellers.

Pay attention to earnings reports as well as shareholder meetings. I honestly think if you put the time and effort into you could probably learn and become good at it. It takes time though and its not something you pick up overnight.

I started following the markets because its my dads hobby and pastime. Hell he retired from owning his semiconductor business and pretty much follows the stock market full time now at the age of 82.

I decided it was something I should learn and know for my own well being. Even if you don't invest? Knowing whats going on in the financial world, can you give you a lot of insight into when or how the economy is going to turn and go. It also shows you how much we have idiots in Congress, who are ignorant as hell about the financial world but want to control it anyways. LOL

There is more I could tell you but the best way to learn is start doing the research, watch CNBC to get a overview as well as Bloomberg. Pay attention to people like Warren Buffet. There are others as well.

[g6civcx]

I should stay out of Off Topic.

[g6civcx]

I should stay out of Off Topic.

[aziankingz]

3 letters... ETF.. open a scottrade account and research on ETFs..

[Vision Garage]

Okay Steve, if you plan to do the whole INVESTMENT GIG, I suggest you first do RESEARCH!!! LIKE A LOT! you dont have to buy anything yet, just look at some stocks and follow them. Make a virtual portfolio or get a stock app for your phone. If you want to make big gains quick, Penny stocks will be your game. BUT REMEMBER THAT SHIT IS RISKY AS FUKK.

But with all things, the bigger the risk the bigger the reward. When i firsted started looking into investments which is like 2 months ago, I was like shit ill start off with 50 bucks. Invested in AEZ which was at 1.11. Sold it at 1.88 and made my 50 back. FTL!!!!

Unless you play with big money, you wont really make big profits. with 50 bucks to start, even if hte stock went up, I only evened out after selling. That is because you get charged to buy and sell stocks. from 4.50 to 10 dollars depending on who you go with. AEZ is still on the rise. its at 2.80 right now. I should have held on to it but didnt.

If you want to play the waiting game, look into established companies. They are more likely to grow. BUT AT A SLOWER RATE! To double your startup, you need to double the price in which you bought the stock for. That is why penny stocks are so ENTICING! It is easier for dollar to become 2 than for 50 to become a hundred.

I would say do not split up your money since it will add up in the cost to buy and sell. if you used 1k to buy one share, you would only spend 20 total to buy and sell. If you used 1k to buy 5 different shares you spent 100 to buy and sell.

GOOD LUCK MAN!

[RiversideS13]

use the money to buy Gold, that would be the smartest investment

[Vision Garage]

Fukk gold, that shits whack. It will be almost like the CD steve just got out of.

[drift freaq]

use the money to buy Gold, that would be the smartest investment

Gold is a commodity it goes up and down just like the dollar. In fact the only reason its up now is because of the weak dollar. If the Government does something to strengthen the dollar expect Gold to plummet. This has happened before.

Once again like I said and others have said the best advice is to research research research and learn.

Do not even think about IPO's as those are only the game of big time players and investment houses. Hell I don't even know why anyone mentioned anything about them. LOL

G6civcx has some good points but seems to be suffering from the world is conspiracy complex, by some of his statements. Excuse me G6 if that's not true but your statements above scream it.

Break it down like this, yes short sellers make money in a down market because of the SEC removing the uptick rule last year. Yes you should research that.

In a whole right now the market has made a 60% recovery in the last 7 months and some people( the bears) feel we could have a double dip.

I put G6civcx in the Bear camp by his own statements.

I am not a Bear. I see us bouncing along the bottom of this recession right now. It will be a slow climb out and not nearly as robust as in years past, but its here.

Though at the same time we are probably looking at a Jobless recovery for the time being. Which means no new jobs and unemployment will stay somewhat around were it is now.

Things need to change to create jobs. Though the market is has definitely signaled the bottom of the recession and the recovery but it usually takes around 6-9 months for the retail and the consumer to catch up. I think we will have a better Christmas season than last year.

[evmal613]

I would say invest your money through savings, then once you are set for a while, make sure you have emergency funds, rent money stockpiled, enough for everything, while still spending only what you need. Pick up Ramit Sethi's "I will teach you to be rich" its about optimizing your cash flow, and investing in yourself with practical tools and processes that can improve your money handling. As far as pure investing. certain stocks are doin good, i dont know too much about recent activity, but as the person above mentioned, do your research!

[325irollin]

I got a scottrade account to see what I could do and it's honestly not that great. Maybe if my stocks explode then it'll be worth it but mostly its just been up and down and up and down. Get a 401k or something. I have one with my last company and it's pretty big now, just been too lazy to transfer and start another with new company...

Also, I have stock in AIG lol, those crazy bastards

[ixfxi]

There are amateur day traders who do make money in the market, just like there are people who make a living from casinos, but these people are few and far in between.

If you're not in the private rooms, you're not going to make much money at all.

mothafuckin truth right there


steve, you have a better chance making more money by putting it in the streets or by becoming a loan shark than you do by fucking around with stocks.

one things for sure, NO ONE is gonna make money for you other than yourself. trust no one.

[ixfxi]

G6civcx has some good points but seems to be suffering from the world is conspiracy complex, by some of his statements. Excuse me G6 if that's not true but your statements above scream it.

come on dave.......... come on buddy.... seriously.....

who in the world cares to help you, me, or anyone else to make money? when you find that person, let me know.. because everyone's out for themselves, few care for another's well-being or benefit.

with that said, theres a fuckload of conspiracies out there if you open your eyes to them. we differ on these things, thats fine. some can call it a glass half full/half empty thing, thats fine... but i still think its all a bunch of bullshit.

the people that *I* know, who've made money in this world, made in by working hard, saving, and eventually buying property (which itself is a job when you think about maintenance. not saying this is the only way, but its proven. there are other means and methods of course, but theres also risk.


steve, if you want my advice? start slangin parts for higher end cars. better than wasting time with chump 240 owners who cant afford gas for their daily driven, non painted, wannabe racecars.

[DALAZ_68]

.


steve, if you want my advice? start slangin parts for higher end cars. better than wasting time with chump 240 owners who cant afford gas for their daily driven, non painted, wannabe racecars.

i honestly wouldn mind doing that but i dont have much room lol

[9s13Coupe3SX]

I would recommend you go to a casino and play roulette. You can call it color or number stocks. Can spread your money into either choices..lol. Reason I say this is cause your pretty much gambling.

Investing in stocks takes time and research and your not going to get lucky in this market unless you got some inside tip.

Wanna make fast money and have fun, go to the casino.

Wanna make slow money and do research, get into the stock market.

Whatever you do, just know these investments is like a double edge sword.

A person once told me "knowing when to cash out is the hardest thing to do, but when you figure it out you will always be happy with the results" funny thing, it was a old man who has a gambling problem and have yet to know when to cash out... lol.

[TheWolf]

If you were going to invest. I recommend reading a book called the richest man in babylon to get a basic feel for saving money and making thy gold work for thee.

I never invest in anything where the principal is not guaranteed. Anything else is gambling. Tax free municipal bonds will earn a fair rental on your money. I just got 2.25% on a 12 month CD from a local credit union. Can find 3.5-4% on a municipal bond if you want to wait for it to mature. BOA doesn't pay shit for CD's.

[godrifttoday]

i invest in stock, im a day trader.. look for patterns or trends...people do actually make money in stock the problem is that they get emotional and when they see the price falling they sell and then they actualy incur a loss. this is my opinion u should learn how to short the stock market instead of the buy and hold mentality, even though it is a bit more risky.. why??? beause when u first start trading people usually buy at the highs and think it will go up, but then minutes later lol sometimes longer it goes against u and then knowing u are losing xxx amount people panic! and sell even though its just a paper loss until u sell u actually make or lose money... but the funny thing the stock retraces back in a couple of days sometimes same day and [email protected]#k.. but yet again u should know when to get out of a stock when u are losing a little bit of money rather than alot more if u just wait and hope for the god's to answer your prayers they usually dont lol... but taxes taxes taxes! they take almost everything

but with 1k u cant really make any moneyin the stock market... keep it in the cd because if u day trade that u would most likely lose the cash eventually.

[godrifttoday]

Steve there has been some good stuff said already but I will add some stuff.

First off, if you really are into investing and playing the stock market? Day trading is really not the way to go as it is extremely dangerous i.e. easy to lose money fast, as are penny stocks.

The stock market is not a get rich quick situation. My father has invested in the stock market for years and made quite a bit of money and lost some as well. In the end its the experience that makes you successful.
You need to learn everything about the company you are investing in and following them over a 4 week period is pure ignorance. We are talking years you want to see their Value to product ratio. You want to know there assets as well as there earnings for like the last ten years. You want to know if they are overvalued vs earnings.

You also need to know when to purchase and when not to. To many people see a stock going up and start purchasing. Thats only good if there really is room for it rise. Most of the time by the time its going up the opportunity has been missed. The real smart way is to buy when people are selling i.e. when the stock is down and sell when people are buying. Most stock investing is a long term situation, quite often people hold stocks for years at a time. Sometimes you sell some to take a profit but not all. Other times you might sell off some to stem possible worse loses

Right now for example Ford looks interesting. They did not take bailout money, their product seems to be pretty damn good. I even just drove a Ford Focus rental car and was impressed by how well it ran and how good it felt. Their stock has risen some off its lows of a few months ago but there is plenty of room for growth.

You also need to watch the market on a daily basis and learn how it ebbs and flows, i.e. goes up and down. Learn about Bear investors vs Bulls. Bear investors tend to bet on the negative and Bulls tend to go positive. It actually affects the flow of the market. Get yourself a good stockbroker as well. Regardless of what anyone says about trading online yourself nothing beats someone who's life is the stock market. These guys know more and usually can give you reasons as to why a specific stock has not performed well on a particular day. Learn about puts and calls, as well as short sellers.

Pay attention to earnings reports as well as shareholder meetings. I honestly think if you put the time and effort into you could probably learn and become good at it. It takes time though and its not something you pick up overnight.

I started following the markets because its my dads hobby and pastime. Hell he retired from owning his semiconductor business and pretty much follows the stock market full time now at the age of 82.

I decided it was something I should learn and know for my own well being. Even if you don't invest? Knowing whats going on in the financial world, can you give you a lot of insight into when or how the economy is going to turn and go. It also shows you how much we have idiots in Congress, who are ignorant as hell about the financial world but want to control it anyways. LOL

There is more I could tell you but the best way to learn is start doing the research, watch CNBC to get a overview as well as Bloomberg. Pay attention to people like Warren Buffet. There are others as well.



dead on.. by any chance u use vertical analysis or horizontal anaylis for stock picking? just curious.. as for warren buffet do everything he does buy what he does and u would be fine lol...

[325irollin]

I would recommend you go to a casino and play roulette. You can call it color or number stocks. Can spread your money into either choices..lol. Reason I say this is cause your pretty much gambling.

Investing in stocks takes time and research and your not going to get lucky in this market unless you got some inside tip.

Wanna make fast money and have fun, go to the casino.

Wanna make slow money and do research, get into the stock market.

Whatever you do, just know these investments is like a double edge sword.

A person once told me "knowing when to cash out is the hardest thing to do, but when you figure it out you will always be happy with the results" funny thing, it was a old man who has a gambling problem and have yet to know when to cash out... lol.

true this. Roulette is my game! haha. To make money you have to know when to walk away. I've been up $300-400 before but wanted to keep playing and ended up leaving with only $65 which is better than losing but I could definitely make more if I knew when to pack up and go

[godrifttoday]

true this. Roulette is my game! haha. To make money you have to know when to walk away. I've been up $300-400 before but wanted to keep playing and ended up leaving with only $65 which is better than losing but I could definitely make more if I knew when to pack up and go

i only landed 2 number lol but love the odds lol

[325irollin]

i only landed 2 number lol but love the odds lol

yeah if you get a number you win a lot!

I'm a biatch so I usually play the outside haha. I like playing the 1st 12, 2nd 12, 3rd 12.

[godrifttoday]

i too play that higher percentages of winning

[g6civcx]

I should stay out of Off Topic.

[imotion s14]

Gold is a commodity it goes up and down just like the dollar. In fact the only reason its up now is because of the weak dollar. If the Government does something to strengthen the dollar expect Gold to plummet. This has happened before.

That's a big IF. The government isn't going to do anything to let the dollar strengthen, doing so would mean a rise in interest rates. Allowing rates to rise would completely pull the rug out from under everything they have done so far to prop everything up.

Remember what they had to do to shore up the dollar and end the last gold bull run? Volker had to raise fund rates to 20%. I doubt they will do something that dramatic

[aziankingz]

craps is more like stocks in my opinion..

[Ceepo]

Why not try penny stocks to get the hang of it? i have personally made 2k with penny stocks lol.. just do alot of research on the company your investing with...

[aziankingz]

i would say if you want to get in the market, play with more than 1k - think about commissions and other fees and like i said earlier look into ETFs (exchange traded funds) - probably your best bet because you get multiple stocks within the same sector for the price of one.. the only downside of ETFs is that most of them are new and do not give you more than a year or 2 overview.

[ManoNegra]

Been saving money for a while
I know I need to do something for my future
but honestly, I don't have the patience or interest to follow the market
so this year I used my money to buy a house with my sister
fixer upper in Pomona
plan is to keep it for 5 years then sell

[DALAZ_68]

i would say if you want to get in the market, play with more than 1k - think about commissions and other fees and like i said earlier look into ETFs (exchange traded funds) - probably your best bet because you get multiple stocks within the same sector for the price of one.. the only downside of ETFs is that most of them are new and do not give you more than a year or 2 overview.

i can easily put down more than 1k, but like i said i need to walk b4 i can run...i dont feel like blindly throwing 10k into something im barely grasping the concept of...

Been saving money for a while
I know I need to do something for my future
but honestly, I don't have the patience or interest to follow the market
so this year I used my money to buy a house with my sister
fixer upper in Pomona
plan is to keep it for 5 years then sell


that was my plan with my brother, but recently situations came up in which he needed to purchase a home of his own instead of buying a fixer upper, dothe repairs and flip it for profit...which wouldnt have been to hard since i was goign to be doing all carpentry and painter labor and a friend of mine is a certified electrician...

ohhwell right need to move on and do some thing else with meh money...

[godrifttoday]

Well even if u buy a house u need more than 10k with the medium price around pomona I would say around 200k all the house u see for 140k and what not there fake!!! All u get is like 50 bids and drives the price up because of the bidding wars dam shoody reAL estate agents...ok let's just say u buy 200k home3.5% u need 7k and then closing cost! Another 7k so that's 14k but ur chances of getting the house are slim since everyone and their mother is puttig 3% so i would put more down and ask for no closing cost and stay closer to the original price... I would say u need 20k and then some incase money to get a house... And one last note, buying a fixer upper that's what investors do with cash on hand or with alot of cash!

[ESmorz]

It's a Fonzi scheme.

[zenki.life]

lots of research is necessary in order to actually reap any benefit. also in this economy you can forget "making" any money unless it sits for a long long while.

[DALAZ_68]

Well even if u buy a house u need more than 10k with the medium price around pomona I would say around 200k all the house u see for 140k and what not there fake!!! All u get is like 50 bids and drives the price up because of the bidding wars dam shoody reAL estate agents...ok let's just say u buy 200k home3.5% u need 7k and then closing cost! Another 7k so that's 14k but ur chances of getting the house are slim since everyone and their mother is puttig 3% so i would put more down and ask for no closing cost and stay closer to the original price... I would say u need 20k and then some incase money to get a house... And one last note, buying a fixer upper that's what investors do with cash on hand or with alot of cash!

ill tell you this, putting down the 20k, as of august, wont be an issue...and then some....

as far as material cost, its 0...i work for a large construction company, wether it be wood/plaster/screws/drywal/A/C system... i could get it all free...only cost to me would be the gas put into my truck to pick up said items nothing more...but like i said...plans fell thru on that

[godrifttoday]

ill tell you this, putting down the 20k, as of august, wont be an issue...and then some....

as far as material cost, its 0...i work for a large construction company, wether it be wood/plaster/screws/drywal/A/C system... i could get it all free...only cost to me would be the gas put into my truck to pick up said items nothing more...but like i said...plans fell thru on that

free! dam thats cool nothing beats that just get some friend over and a couple of 12 packs and ur good lol..

Its funny u say u want to buy at pomona. i had an offer at a house for 220k that a family friend was losing it was a 9000sq lot, pool 1500sq inside, nice home! but the selling agent... i always had a bad feeling... i just found out yesterday from another agent they bought that house for 212k... thats just wrong i think they gave the agent cash or something even though i have the paper work for 220k i dont even think she submited my offer. and i have a 797 credit score and no debt!

[Gnnr]

This thread has inspired me to play Fantasy Stocks. :)

http://www.wallstreetsurvivor.com/

[DALAZ_68]

free! dam thats cool nothing beats that just get some friend over and a couple of 12 packs and ur good lol


thats what i said...

[SimpleS14]

I'm telling you....

Alcatel-Lucent is a solid investment (no spamming). Read their news, they have a solid future. Look at how the stock has been performing...

Alcatel-Lucent (ADR) - Google Finance (http://www.google.com/finance?client=ob&q=NYSE:ALU)

[godrifttoday]

I'm telling you....

Alcatel-Lucent is a solid investment (no spamming). Read their news, they have a solid future. Look at how the stock has been performing...

Alcatel-Lucent (ADR) - Google Finance (http://www.google.com/finance?client=ob&q=NYSE:ALU)

almost any stock in the stock market has been performing like that since march

[SimpleS14]

almost any stock in the stock market has been performing like that since march

I'm glad you said almost because there are stocks out there that are still performing poorly or subpar.


http://www.google.com/finance?client=ig&q=S (just an example)

[imotion s14]

I'm telling you....

Alcatel-Lucent is a solid investment (no spamming). Read their news, they have a solid future. Look at how the stock has been performing...

Alcatel-Lucent (ADR) - Google Finance (http://www.google.com/finance?client=ob&q=NYSE:ALU)

eh.. their earnings is in the negative, negative earning multiples and they have no dividend yields.

[godrifttoday]

i like trading fas and shorting faz lol

[SimpleS14]

eh.. their earnings is in the negative, negative earning multiples and they have no dividend yields.

Yes, but I'm looking long term.


Ok I'm done suggesting stocks lol, I might bump this thread in five years if I made loot lol

[imotion s14]

Well my thing is I'm trying to get out of USD. I'm squarely in the inflation camp.

[godrifttoday]

china currency to become the new global currency?

[ManoNegra]

Well even if u buy a house u need more than 10k with the medium price around pomona I would say around 200k all the house u see for 140k and what not there fake!!! All u get is like 50 bids and drives the price up because of the bidding wars dam shoody reAL estate agents...ok let's just say u buy 200k home3.5% u need 7k and then closing cost! Another 7k so that's 14k but ur chances of getting the house are slim since everyone and their mother is puttig 3% so i would put more down and ask for no closing cost and stay closer to the original price... I would say u need 20k and then some incase money to get a house... And one last note, buying a fixer upper that's what investors do with cash on hand or with alot of cash!

My sister did most of the research - she loves that kinda stuff,
I fronted the money
after a couple of bad agents, she found one that threated us very good
we were looking for a Crafstman or Mid-Century Modern home and
my sister found an agent that sits on the Pomona Historical Homes Board (or something like that)
and is really passionate about restoring/maintaining the integrity of original homes in the area
after a few attempts - problems with lending banks not doing their job - we got
a house right off the 10 overlooked by the Pomona Mining Company restaurant
pretty good neighborhood and a steal at 125k considering houses there are valued
several times that
and we didn't have to spend 20k for escrow and closing costs either

once I move up on the job I also plan on investing on mutual funds and shit aswell but for now I'm stoked

[godrifttoday]

My sister did most of the research - she loves that kinda stuff,
I fronted the money
after a couple of bad agents, she found one that threated us very good
we were looking for a Crafstman or Mid-Century Modern home and
my sister found an agent that sits on the Pomona Historical Homes Board (or something like that)
and is really passionate about restoring/maintaining the integrity of original homes in the area
after a few attempts - problems with lending banks not doing their job - we got
a house right off the 10 overlooked by the Pomona Mining Company restaurant
pretty good neighborhood and a steal at 125k considering houses there are valued
several times that
and we didn't have to spend 20k for escrow and closing costs either

once I move up on the job I also plan on investing on mutual funds and shit aswell but for now I'm stoked


well i would know u woudnt pay 20k for closing and what not since the price is 125k when u buy a home? im still looking, the house i had put the offer was on garvey street passing the hospital... im actually got my self a new agent so will see how it goes im trying to find a home before the tax credit expires.. now the house u got was a forclosure or regular sale?

[Gnnr]

china currency to become the new global currency?

Uh, slightly off topic but no. China purposely devaluates their currency to compete in the world market. If anything the Euro, or Pound, would be a better move for the world.

[DataXUnknown]

You can buy and trade stocks on Yahoo finances for play. I had to do it for economics class it was pretty cool to see how much you invest and if you lose money or gain. Really easy to keep track to.

[drift freaq]

ill tell you this, putting down the 20k, as of august, wont be an issue...and then some....

as far as material cost, its 0...i work for a large construction company, wether it be wood/plaster/screws/drywal/A/C system... i could get it all free...only cost to me would be the gas put into my truck to pick up said items nothing more...but like i said...plans fell thru on that

Steve, you are already in the ballpark when it comes to housing. It would probably not be bad road for you to go down investment wise. I don't know if you are aware of area's to buy in versus ones that you don't? That would be the thing you would want to know. Though given all the access to stuff that normally would cost most homeowners a lot more, you would definitely benefit from it.

Being something you already have a familiarity with you, its probably a much more solid bet for you. Stock market is not for everyone.

[ryguy]

Jesus christ, the stock market is not a casino. If you don't know anything about the market put your money in a mutual fund. You will never make a million dollars overnight in the stock market starting with $1000. Stocks should be long term investments.

[LimeLite Racing]

Don't invest in Trojan. Hypertek got me thinking about this cure for AIDs shit. Trojan will crash!

[ryguy]

Don't invest in Trojan. Hypertek got me thinking about this cure for AIDs shit. Trojan will crash!

Aids cure isn't going to cure pregnancy.

[LimeLite Racing]

Aids cure isn't going to cure pregnancy.

Since when did pulling out become not-so-effective?


Fucking shit.


Besides, Pro choice FTMFW!

[LimeLite Racing]

Aids cure isn't going to cure pregnancy.

Since when did pulling out become not-so-effective?


Fucking shit.


Besides, Pro choice FTMFW!

WELL?!?!
msglngth

[drftmark]

To all the people saying research is key...

There was a show in the 90's that showed a group of financial advisers vs a monkey.

The monkey threw a dart on a board that had random stocks all over it.

The monkey actually did better than the advisers.

[LimeLite Racing]

To all the people saying research is key...

There was a show in the 90's that showed a group of financial advisers vs a monkey.

The monkey threw a dart on a board that had random stocks all over it.

The monkey actually did better than the advisers.

Fucking Ardi man.




Fucking Ardi.

[sevenstar]

Give me the money, I will buy a lot of Fonzi bobblehead dolls and sell them on the streets.

did you even read the post, he said not to reply with stupid remarks, invest in xxxl helmets cause no one makes them

[drift freaq]

To all the people saying research is key...

There was a show in the 90's that showed a group of financial advisers vs a monkey.

The monkey threw a dart on a board that had random stocks all over it.

The monkey actually did better than the advisers.

ya but you can't repeat that and have it happen again and again. It was a random thing. LOL Completely unscientific and without a control group.

If you seriously believe that a monkey can do better than trained seasoned financial advisors? Hand over the keys to your car now, you are not smart enough to drive. LOL seriously, come on man use your brain here.

[DALAZ_68]

Steve, you are already in the ballpark when it comes to housing. It would probably not be bad road for you to go down investment wise. I don't know if you are aware of area's to buy in versus ones that you don't? That would be the thing you would want to know. Though given all the access to stuff that normally would cost most homeowners a lot more, you would definitely benefit from it.

Being something you already have a familiarity with you, its probably a much more solid bet for you. Stock market is not for everyone.

for once i agree with you, but why not broaden my horizon if i can, shit im young, i can take risk now than when im 50 living off a fixed income, if im lucky...lol

i actually do know a few areas within my price range, but my only problem being that my job, like many, isnt a sure thing anymore...though buying a house now sounds tempting...id be much more happier putting down 30% than the bear minimum... i could have done that already, but, like stated earlier my brother due to circumstances, had to buy a home ready to move into...not a fixer upper:sadwavey:


Since when did pulling out become not-so-effective?


Fucking shit.


Besides, Pro choice FTMFW!

thats why im always on the bottom, gravity bitches...lol... she cant get pregnant if ur on the bottom

To all the people saying research is key...

There was a show in the 90's that showed a group of financial advisers vs a monkey.

The monkey threw a dart on a board that had random stocks all over it.

The monkey actually did better than the advisers.

give

me

the


monkey... :hahano:



ona serious note though, cmon...

[kouki-gymkhana]

OK, I have some experience in the stock market and I've made my fair share of profits in the past so I'll hand out some advice. The fundamental reason why people don't make a lot of money in the market is because they DON'T DO THEIR RESEARCH! The second reason is that everyone seems to think that you need a good chunk of money to get started...WRONG!

I've had great success trading stock options (ie. covered calls, bull put spreads, bear call spreads, etc.) If you don't know what any of these terms mean, google them and read up. These strategies are the best for making income in the stock market. The concept of a rolling stock was described earlier in the thread and it's a really, really sound and lucrative strategy, especially if the stock price is low. But what about expensive stocks that exhibit the same behavior? I doubt folks on this forum can afford to buy enough shares of Google, for example, to make this strategy lucrative since the price of the stock is so high. Instead, take a look at the options chains for the stock. You can buy and sell "call" options the same way you can buy and sell the actual stock and the rate of return is much, much higher than if you bought the actual stock itself. Check it out...Obviously, this is a very complicated topic that is beyond the scope of this forum but I figured I would throw it out there as another means of generating income in the stock market.

If you want to sock money away for the far future then by all means, park your money in some quality stocks. If you want to generate usable income on the order of days, weeks, or months, options are the way to go.

[johngriff]

I like C, too big to fail.

And while we are talking C's, maybe some berkshire hathaway C class, you would need to look at a quote, you are talking about investing 1000 and it might be more.

If you have lots of time infront of your computer, try your hand a forex.

I take pips all day son!

oh and just so I don't come off as a total schmuck, pick up and read a copy of "come into my trading room" That is a good place to start.

[gzer750]

i hear crispy cream is on a slow rise. goes for like 2 bucks. used to be in the high 60's.

[johngriff]

i hear crispy cream is on a slow rise. goes for like 2 bucks. used to be in the high 60's.

They were that high because of hype. Company over expanded and is now closing down stores left and right. Its glam'd up duncan donuts, and not a "good value proposition" from a buffetainian perspective.

[DALAZ_68]

They were that high because of hype. Company over expanded and is now closing down stores left and right. Its glam'd up duncan donuts, and not a "good value proposition" from a buffetainian perspective.


agreed. and with times the way they are people are preffering quantity or quality...

[godrifttoday]

agreed. and with times the way they are people are preffering quantity or quality...

ditto , simple economics

[drftmark]

I was just putting the monkey thing out there.

I don't actually pick my stocks random haha

anyone have a vanguard mutual fund?

[godrifttoday]

well i think a monkey and a non profesional trader i would not know who can win? unless we take out emotion and fear... hehe

[Ben G]

the only investment that ever really gives back is property

[drift freaq]

for once i agree with you, but why not broaden my horizon if i can, shit im young, i can take risk now than when im 50 living off a fixed income, if im lucky...lol

..

I am not so much telling you not to invest in the stock market. I and others hear are telling you its not something you just jump into. If you really want to do it do it. Though remember what we have said time and research and learning.

When I say the market is not for everybody its just like anything. Some people can do certain things others can't.

I am not a carpenter, nor do I ever expect to be. I leave that stuff to the people that know how to do it well.

Its about learning what you can or can't do. You can try lots of things it does not mean you will be good at all of them.

Oh and as far as agreeing with me goes, for fuck sakes your 23, I don't expect you to agree with me. LOL

Oh and while Options are profitable they are very risky and volatile. Only go down the Options road if you lots of cash and big balls. IMO
P.S. Stay away from Google its way overvalued.

[godrifttoday]

I am not so much telling you not to invest in the stock market. I and others hear are telling you its not something you just jump into. If you really want to do it do it. Though remember what we have said time and research and learning.

When I say the market is not for everybody its just like anything. Some people can do certain things others can't.

I am not a carpenter, nor do I ever expect to be. I leave that stuff to the people that know how to do it well.

Its about learning what you can or can't do. You can try lots of things it does not mean you will be good at all of them.

Oh and as far as agreeing with me goes, for fuck sakes your 23, I don't expect you to agree with me. LOL

Oh and while Options are profitable they are very risky and volatile. Only go down the Options road if you lots of cash and big balls. IMO
P.S. Stay away from Google its way overvalued.


Hey u are going to need "brass balls"- glen gary glen ross

[stenJDM]

get a SNIP LMAO :D:D:D

[DALAZ_68]

Oh and as far as agreeing with me goes, for fuck sakes your 23, I don't expect you to agree with me. LOL


i know you dont...fuck...lol...i just found it funny that i did...
but i am just checking things out for myself...im asking questions and searching...its all i can do now till i have time to really sit down and think of my options...im also considering another CD acct with a bit more money this time since i have more to begin with this time




get a ***** LMAO :D:D:D

ohh wow...lets see what the mods vote on that one :nono:

[drift freaq]

i know you dont...fuck...lol...i just found it funny that i did...
but i am just checking things out for myself...im asking questions and searching...its all i can do now till i have time to really sit down and think of my options...im also considering another CD acct with a bit more money this time since i have more to begin with this time






ohh wow...lets see what the mods vote on that one :nono:

LOL Steve you're alright, and it looks like the mods did vote on sten's comments. LOL

[DALAZ_68]

LOL Steve you're alright

yeah i figured last time was 2k... ill see what 5k does for me...though...i still have 1k to mess with... :bow:


well see how it goes...



stenJDM- i hope this keeps you from posting stupid shit...

[Gnnr]

P.S. Stay away from Google its way overvalued.

Whatever man, I'm up $1K in my fantasy stocks 'cause of GOOG. lol. You're probably right though.

[DALAZ_68]

i think the one really getting overhyped is that new bings search engine..

[WanganRunner]

Bing sucks.

Anyway, I didn't read the thread, but I (sort of) do this stuff for a living (I'm in real estate private equity, but we commonly have to re-invest proceeds between deals in "normal" securities markets)

If you've got $1k that you're not going to need to draw on anytime soon, buy VTI with it. VTI is not a stock, it's an index fund. It tracks the Wilshire 5000, which is basically the entirety of US public securities.

You'd be totally hedged against any sort of individual company risk, and over the long term it should pay out a good 8-9% return (inclusive of dividend cash flows). There is effectively zero LONG RUN risk, which is exactly what you want.

This is a GREAT time to buy this, as despite recent gains, the market is still pretty low in historical terms.

Buy it, reinvest the dividends as they build up, contribute cash and buy more every year, and never ever withdraw anything. If you can do all this through a Roth 401k, it's even better. You're holding for 30-40 years, so you won't give a shit about things like the current recession, it'll just be another buying opportunity. Obviously, as you get close to retirement, switch out of equities into something else, but you've got 30 years to figure that shit out.



Buying property/RE is great, but you can't do that with $1k unless you buy REIT shares, and I don't recommend that right now for reasons I don't have time to explain (I used to work for a REIT).

[godrifttoday]

How about u let me trade ur cash I'll turn ur $1,000 dollars in to $36,000 dollars in 18 days hehe

[SlideWell]

buy GOLD. i should have bought gold when i got a large some of money almost 3 years ago. would have had at least doubled my investments.

[ManoNegra]

well i would know u woudnt pay 20k for closing and what not since the price is 125k when u buy a home?

....hmmm.... what?

im still looking, the house i had put the offer was on garvey street passing the hospital... im actually got my self a new agent so will see how it goes im trying to find a home before the tax credit expires.. now the house u got was a forclosure or regular sale?

forclosures is where the deals are/were coming from in Pomona
house is a fixer upper, exactly what we were looking for
buy cheap in an area where houses are valued several times what you pay for
restore to the house to back to it's original intended design
keep it for at least 5 years and do it again
that's the plan
last I noticed there were at least two more house for sale in the same area

[godrifttoday]

....hmmm.... what?


i was being sarcastic... if ur ever on google finance forums u get alot of advertisments about how i turn $xxx into $xxxx amount

[jspeedm]

I you're still looking to invest, the main thing you have to figure out are your goals. short term, medium and long term.

Edward Jones Investments is a solid choice for a Financial Advisor. The Cerritos branch actually sponsored the s-chassis car show on the 10th. he also happens to be my father so I am a little bias.

If you want to try day trading then do you hamework.

If you actually want to invest for you future and family, talk to a FA and listen.

</title> <script id="ssInfo" type="text/xml" warning="DO NOT MODIFY!"> <ssinfo > <fragmentinstance id="fragment15" fragmentid="EJW_PrimaryNav" library="server:EJW_PrimaryNav"> </fragmentinstance> <fragmentinstance id="fragment17" fragmentid="EJW_Logo (http://www.edwardjones.com/en_US/fa/index.html&CIRN=840300)

good luck.

[imotion s14]

buy GOLD. i should have bought gold when i got a large some of money almost 3 years ago. would have had at least doubled my investments.

Just wanted to bump this thread to see how everyone is doing.

Gold has made new highs in the last week and has since had a week of corrections. :wiggle:

[SlideWell]

buy gold. thats what i should have done when i got a load of cash 2 years ago.

[godrifttoday]

buy gold. thats what i should have done when i got a load of cash 2 years ago.


so.... when interest rates go back up, your investment will go down...:keke:

[SlideWell]

so.... when interest rates go back up, your investment will go down...:keke:

interest rates on what? you buy cash you fucking retard. 30g's in cash 2 years ago for me would have been 50k. GTFO

[g6civcx]

interest rates on what? you buy cash you fucking retard. 30g's in cash 2 years ago for me would have been 50k. GTFO

I think he's talking about the Federal Reserve interest rate and the effective interest rate in general.

[Walperstyle]

do not ask zilvia for financial advice. If you must ask a car forum, go to the lambo or ferrari clubs and ask them.

The last thing you need is advice from people that cannot afford simple things like gasoline.

That said
My greatest investment was my 5 bedroom house. Never pay rent, you get nowhere. Let others rent from you ;)


as for the 'gold investment' you never buy gold when gold is high. Do not buy gold right now unless you are sure the stock market is going to keep crashing. Gold goes up when everything else goes down.

[Walperstyle]

My 2nd best advice is to read these books

http://www.savewhileyouspend.com/images/salesletter/picturesofproof/24_1.jpg
http://www.tradebit.com/usr/lacorona12/pub/9002/Robert-Kiyosaki---Rich-Dad-s-Guide-To-Financial-Freedom---Cashflow-Quadrant.jpg
http://ecx.images-amazon.com/images/I/51QTWDBKC3L.jpg
http://www.audiobooksonline.com/media/The-Automatic-Millionaire-Homeowner-Finish-Rich-in-Real-Estate-David-Bach-abridged-compact-discs-Random-House-Audiobooks.jpg

[g6civcx]

do not ask zilvia for financial advice. If you must ask a car forum, go to the lambo or ferrari clubs and ask them.

The last thing you need is advice from people that cannot afford simple things like gasoline.

There are several assumptions in your statement:

1) Zilvians do not know how to make money;
2) people who drive "lambo" and "ferrari" know how to make money;
3) Zilvians cannot afford simple things;
4) Spending money = making money.

This is not true for all cases.

Just because you spend a lot of money doesn't mean you know how to make money. It just means you spend a lot of money.

You'd be surprised by how many of the "rich" people are actually broke and how much debt they have.

Actually making money requires being able to recognising value regardless of the actual price tag. Spending $200k on a depreciating asset doesn't show me good financial sense; however, spending $1.5 million on a collector car does make financial sense.

I don't want my financial advisor to be driving a "lambo" or "ferrari". All that just means high overheads.

I want their success to be shown in my bank account, and not what they drive around town.

My greatest investment was my 5 bedroom house. Never pay rent, you get nowhere. Let others rent from you ;)

Do we need to talk about using your primary residence as a financial investment? This is not the best idea in the world either.

as for the 'gold investment' you never buy gold when gold is high. Do not buy gold right now unless you are sure the stock market is going to keep crashing. Gold goes up when everything else goes down.

Anyone who is chasing past performance will be a sore loser. If anything, short gold.

[FRpilot]

Do we need to talk about using your primary residence as a financial investment? This is not the best idea in the world either.


agreed. owning 1 primary residence might be great since you're not just throwing money away on rent, but there's a lot of responsibility involved when owning a home (home insurance, property tax, maintenance, etc). and although many people "consider" their primary residence as an investment, it's more like a necessity. either you're paying rent or you have a mortgage. sure, after 30 yrs you'll own a house, but if you rent, the extra money you saved could have been invested. (remembering, you are paying a lot to borrow money for a mortgage. borrowing $300k to buy a home, you end up paying back more than double ($600-700k over 30 yrs).

it's great that after 30 yrs, you'll own your own home and have some sense of security (unlike many of the older people currently who blew their money away and foreclosed), but sometimes renting might be better. i still believe owning 1 primary residence and 0 or 1 rental properties is a good idea (take some of the depreciation for the rental property on your taxes over 27 years), but more than 1 rental property = more financial responsibility.

after 30 yrs or so, i rather have $1M in investments earning, giving 6% dividends, than owning a $1M home collecting rent and dealing with other problems that may arise w/ tenants.

[g6civcx]

agreed. owning 1 primary residence might be great since you're not just throwing money away on rent, but there's a lot of responsibility involved when owning a home (home insurance, property tax, maintenance, etc). and although many people "consider" their primary residence as an investment, it's more like a necessity. either you're paying rent or you have a mortgage. sure, after 30 yrs you'll own a house, but if you rent, the extra money you saved could have been invested. (remembering, you are paying a lot to borrow money for a mortgage. borrowing $300k to buy a home, you end up paying back more than double ($600-700k over 30 yrs).

it's great that after 30 yrs, you'll own your own home and have some sense of security (unlike many of the older people currently who blew their money away and foreclosed), but sometimes renting might be better. i still believe owning 1 primary residence and 0 or 1 rental properties is a good idea (take some of the depreciation for the rental property on your taxes over 27 years), but more than 1 rental property = more financial responsibility.

after 30 yrs or so, i rather have $1M in investments earning, giving 6% dividends, than owning a $1M home collecting rent and dealing with other problems that may arise w/ tenants.

If you want to own rental property, pull all of the equity out of the house.

If the rent < mortgage + taxes + insurance, your investment is not sound and you need to get a better location.

People carry too much equity in their rental property. It's really easy to lose your property for any number of reasons. It's better to let the bank foot the loss and dissolve your company than to personally eat the loss yourself.

If they want to flip houses then they need to buy cheaply, renovate quickly, and sell quickly. Within 3 months the property should change hands if done properly.

Anything short of these things are lazy/ignorant investments.

[WanganRunner]

I'LL INVEST THAT SHIT

http://brotherpeacemaker.files.wordpress.com/2009/01/bernie-madoff.jpg




Please ignore anything Robert Kiyosaki writes in his books. He got rich from writing books, not from investing in anything in particular.

Don't invest in any paper security with less than a 10-year withdrawal horizon. It's worth it. Open a Roth IRA or something and throw it into VTI or some other broad index and leave it undisturbed for a few decades. Keep adding to it and reinvesting dividends. Tax-deferred growth is good.



EDIT: g6civic has a very good point with rental property leverage. My job is real estate acquisitions for a private equity firm, and you want to leverage as high as you can possibly go, every time. If your NOI isn't high enough to cover debt service at 100% leverage, you probably shouldn't own the thing.

[g6civcx]

EDIT: g6civic has a very good point with rental property leverage. My job is real estate acquisitions for a private equity firm, and you want to leverage as high as you can possibly go, every time. If your NOI isn't high enough to cover debt service at 100% leverage, you probably shouldn't own the thing.

I mean on the other hand, if you paid off the rental property you don't have to pay mortgage interest and other forms of insurance required by the lender.

Is the 4-6% of mortgage interest worth the risk you have to take?

I don't think so, but some people don't like any debt.

[WanganRunner]

I mean on the other hand, if you paid off the rental property you don't have to pay mortgage interest and other forms of insurance required by the lender.

Is the 4-6% of mortgage interest worth the risk you have to take?

I don't think so, but some people don't like any debt.


Yeah, at least in commercial, we'd rather risk nothing and make less than risk something and make more.

Besides, spreading the equity out as much as possible is a form of diversification and it also allows us to buy into more assets and control more NOI in aggregate.

[DALAZ_68]

i decided to keep saving and waiting for a house in the right area thats meets my needs to show...

[g6civcx]

Wangan, are you in DC? Do you have any expertise in commercial real estate?

[Silverbullet]

It does not appear he will be able to respond for a bit lol. He lived in the ritzy area of north Arlington last time i had contact with him.

[imotion s14]

so.... when interest rates go back up, your investment will go down...:keke:

Interest rates were going up the whole time gold was going up between 2003-2007.

http://www.moneycafe.com/library/ratecharts/ratecharts17.gif

http://www.usagold.com/wgcimages/2003aug-july.gif

interest rates will have to rise eventually, but they're going to at 0% for the foreseeable future. Politically they're stuck between a rock and a very hard place. Rising interest rates would mean pulling the rug out from underneath everything they have done so far to prop up the economy.

as for the 'gold investment' you never buy gold when gold is high. Do not buy gold right now unless you are sure the stock market is going to keep crashing. Gold goes up when everything else goes down.lol.. gold was rising along side the stock market all thru-out it's initial bull run before the de-levergaing that happened last year.

My 2nd best advice is to read these books

http://www.savewhileyouspend.com/images/salesletter/picturesofproof/24_1.jpg
http://www.tradebit.com/usr/lacorona12/pub/9002/Robert-Kiyosaki---Rich-Dad-s-Guide-To-Financial-Freedom---Cashflow-Quadrant.jpg
http://ecx.images-amazon.com/images/I/51QTWDBKC3L.jpg
http://www.audiobooksonline.com/media/The-Automatic-Millionaire-Homeowner-Finish-Rich-in-Real-Estate-David-Bach-abridged-compact-discs-Random-House-Audiobooks.jpg

Is this a joke? lmao..

agreed. owning 1 primary residence might be great since you're not just throwing money away on rent, but there's a lot of responsibility involved when owning a home (home insurance, property tax, maintenance, etc). and although many people "consider" their primary residence as an investment, it's more like a necessity. either you're paying rent or you have a mortgage. sure, after 30 yrs you'll own a house, but if you rent, the extra money you saved could have been invested. (remembering, you are paying a lot to borrow money for a mortgage. borrowing $300k to buy a home, you end up paying back more than double ($600-700k over 30 yrs).

Yeah, the whole idea that renting is throwing your money away was invented by the real estate brokers. As if owning a home you get to live there for free. Would one consider food a waste of money? No, but it's a necessity just like shelter is.

[rb26man]

save your cash...and when u see what u want go for it...dont waste time renting

[WIKID S4TEEN]

i decided to keep saving and waiting for a house in the right area thats meets my needs to show...

Bingo!
With the housing market right now, I think this is the wisest thing to do.
Find a property with potential in a GOOD to GREAT neighborhood.
Then dump $ into kitchen and baths. Try to do the labor urself or find a handyman that can do the majority of the work (commit to on going projects) at a reasonable price. You can always rent it out and let it pay itself, then buy ur next property!

GL

[DALAZ_68]

Bingo!
With the housing market right now, I think this is the wisest thing to do.
Find a property with potential in a GOOD to GREAT neighborhood.
Then dump $ into kitchen and baths. Try to do the labor urself or find a handyman that can do the majority of the work (commit to on going projects) at a reasonable price. You can always rent it out and let it pay itself, then buy ur next property!

GL


i just want my own house man... :)

but renting out doesnt seem like a bad idea...

[WIKID S4TEEN]

i just want my own house man... :)

but renting out doesnt seem like a bad idea...

Well, I meant you would rent out ur first, after buying ur second, pimp house!
I have a friend doing this. On his third property, he started 10 yrs ago.
I'm on my first!

[DALAZ_68]

^ someday...for now, just need my own nest to build...

[imotion s14]

It's like to some people, the housing crash never happened... :keke:

[240sxxs]

go find a members or agent from USana corp..in your areas or states....talk to them on how to becoem an invester or what to invest in...they will show u the way and maybe u will drop a package and might get rich from there....go to USANA.COM for more info dude..that the company i work for..and im only 19 and drive a fully build s14.5

[BustedS13]

read this book:

Amazon.com: Greed Is Good: The Capitalist Pig Guide to Investing (9780887309847): Jonathan Hoenig: Books (http://www.amazon.com/Greed-Good-Capitalist-Guide-Investing/dp/0887309844/ref=sr_1_1?ie=UTF8&s=books&qid=1261512282&sr=8-1)

http://ecx.images-amazon.com/images/I/41DEDRWCE5L._SL500_AA240_.jpg

this is a great book to start out with. some of the info is a little dated as it's ten years old, but it's a good read.

i also highly recommend Other People's Money by Paul Zane Pilzer, but good luck finding it.. it was published in '89, my dad gave me his copy.

once you've done some reading, go to Yahoo Finance, pick some stocks, and write down some trades you think would be wise. give yourself 5 grand in fake money to play with. keep in mind that trades are going to be $7 to buy and $7 to sell. do this for a month, then open a Scottrade account (yes, Scottrade, not E Trade or anything else, use Scottrade) and get at it.

or buy a house. mine was dirt cheap and was just appraised for almost 50% over what i paid. it's still a great time to buy, for reasons beyond the tax credit.

[driftsilvias13]

go find a members or agent from USana corp..in your areas or states....talk to them on how to becoem an invester or what to invest in...they will show u the way and maybe u will drop a package and might get rich from there....go to USANA.COM for more info dude..that the company i work for..and im only 19 and drive a fully build s14.5

So youre telling the op to do network marketing? Buy a "package" of products he wont use? Basic/Builder/Pro?

Youre only 19 and you drive a s14.5? WOW. Everyone should be doing exactly what youre doing!

I know many key players in that industry and can already tell that you that they dont make shit. Even the people that I know that front like they make money dont make any, but do it for the hopes that people will join because of the appearance.

[Walperstyle]

Guys I wanted to say I cover both ends. I have 3 mutual funds, 1 rrsp, 1 TFSA, and my House with Renters. I have also made on average 150% profit on the market too. I invested in Nortel when they were 78 cents, XM and Sirius before they had TV comercials, and my last big one was FORD back when they were at $3. I hold no shares of anything right now, but I always look around. All my profit gets pushed into RRSPs or Mutual Funds of my choice to hold till I push them back in.

Investing in the stock market right now is a good idea, but nothing is as sure as property investment.

as for Renting, I'd rather put that money into something I own after I'm done, and being I do have renters that are paying the majority of my expenses, it makes life a lot easier. I've been without work for 5 months and I was still able to not worry and spend time with my father whom passed away in August.


To the guys that mock the books I posted, have you ever practiced those simple strategies?

disclaimer: I'm not rich, but I can go 2 years without working before I have to start to worry about a job. And I still stand by my house Investment. I have a place I can live, and work on my 4 vehicles, and people that live upstairs cover most of the cost. Its kinda nice. See, even in the worst situation (right now) people need a place to rent. So let the poor people rent off you.

for the big responsibility of owning a house.. I've fixed so many things.. at such a minor cost because I dont call a plumber, or a landscaper, or a roofer, or others to do my work for me. Home repair, and car repair gets easy if you are interested in fixing things yourself. Sure its not for everyone. I know many of you don't have the tools or knowledge to do so.

my 2 cents. I can only speak of what I have done. Someday i hope to buy and sell property more, and maybe get into buying failed business assets and turning them around.

[imotion s14]

remember you said gold plunges when the markets are up? :squint:

[lewisfk]

Buy an IRA from your bank. They start from 50 bucks to 10k at most banks. U can deposit money on an IRA and it will grow at a higher intrest rate than most savings accounts! U also can roll an IRA into a 401k without major penialties, there is always a fee when it comes to money! Number one thing, pay yourself before u pay anyone else!

[g6civcx]

U also can roll an IRA into a 401k without major penialties

I did not know you could do that. Apparently the IRS does not think so either:

http://www.irs.gov/pub/irs-tege/rollover_chart.pdf

Roll from Roth IRA/traditional IRA/SEP-IRA to 401(k) = NO according to the IRS.

But what does the IRS know?

[240sxxs]

So youre telling the op to do network marketing? Buy a "package" of products he wont use? Basic/Builder/Pro?

Youre only 19 and you drive a s14.5? WOW. Everyone should be doing exactly what youre doing!

I know many key players in that industry and can already tell that you that they dont make shit. Even the people that I know that front like they make money dont make any, but do it for the hopes that people will join because of the appearance.


is not what he have to make ..is what who he have to meet and what he will qualifying for...obvious ill be in network marketing for about 2 years since 17 and i have met numerous people that succesful in this bussiness.
go search up duke tubtim or usana.com..and see for your self...there are certain level u have to reach before u are being and considering ur self successful..is not how much he have or will be making ...cause if he doesnt have the skill then no matter what he do, it still doesnt pay off for his works...serve to many lead to great success man...lol

the usana company that is not a package...he doesnt have to buy a "PACKAGE" that i said..but in order for you to belivee in the company , you're have to believe it ur self before u're put ur heart and hard work into the bussiness..and no one put a gun to ur head and said you have to be rich , Is just like i said ..is up to u and ur decision to be successful or not....im not bragging about my car or saying im rich but my gold is reach ruby director in the company i worked for now...currently im a silver director...so i have a long way to go but yea just a tip for OP ..not try to start sometime in public forums

[Walperstyle]

remember you said gold plunges when the markets are up? :squint:

I said Usually they are opposites. Gold never fully go back down, but it increases the most when the market is full of Fail. Back in 08 I was planning on throwing my RRSP into gold instead of renewing it. I wish I had, because as the market went down, people invested in precious metals.

To make money in the market or any commodity you have to do what others are not doing. By that, I mean, if everyone is selling, wait till the selling has bottomed out, then buy in.

Right now the market is on a huge turn around, and I am kicking myself for selling shares. I still would not buy gold right now.


btw, most millionaires drive ford pickups :p

and I LOL at the pyramid schemes

[napaKAliboog]

"i decided to keep saving and waiting for a house in the right area thats meets my needs to show..."

best thing to do! On a stock side note those $cientist are $mart a$ fuck =0) I can't wait to play monopoly I just have my own important agenda to jump on first. Money never comes first as it's fiat. To the people who think about gold... Only invest in gold if you think/ or know there's not enough oil (or if you think humans are fail) to produce the games we play. hahahahaha

Other than that If you're talented or g>angster enough then hit me up and we can
make a rich nig' poor nig' album off some revamped sade instrumentals. We can start writing by reading this thread "the society of money heads" ahahaahahhahaha Nobody listen to me i've been drinking to much Perignon tonite. Merry xmas! and prepare to bet on mayweather!

[Bubbles]

1) Zilvians do not know how to make money;



That's a given.

[DALAZ_68]

That's a given.


your to hasty on your conviction...there are a few exceptions in the forums... :wiggle:

[lewisfk]

I did not know you could do that. Apparently the IRS does not think so either:

http://www.irs.gov/pub/irs-tege/rollover_chart.pdf

Roll from Roth IRA/traditional IRA/SEP-IRA to 401(k) = NO according to the IRS.

But what does the IRS know?

THANK U, for the updated info! I purchased my ira for several years ago, But an ira is a good thing for people who cant save money. Its easy and it has benefits! If u cant roll it over, cash it out when its time. If u have the option in your 401k to drop lumpsums of money into it, do it! I have TSP so its a diffrent than most 401k! I'm using my IRA to purchase a house. My opinion is get an IRA hold it for 5-15 yrs and use the money for something good i.e. house, kids college, or your dream car! TRY THIS LINK! Buying Real Estate in a self directed IRA (http://consumerboomer.com/can-you-buy-real-estate-self-directed-ira/)

[Silverbullet]

Interest rates were going up the whole time gold was going up between 2003-2007.

http://www.usagold.com/wgcimages/2003aug-july.gif

lol.. gold was rising along side the stock market all thru-out it's initial bull run


additionally, i wanted to add that from what I read, gold will continue to grow strong throughout 2010. Our national debt is growing. We are printing more dollar bills to pay for the debt. This is helping drive the value of our dollar to nothing. I've also read that the Chinese have no faith in the US dollar and sees a huge problem ahead. They urge their citizens to invest in gold.

i just want my own house man... :)

but renting out doesnt seem like a bad idea...

Despite how good of an investment buying a house is right now, renting isn't a waste of money. There is much less responsibility on your part for taking care of the house your renting. Plus, with the money you save from not paying a mortgage, you can invest it into something else. You are also free to move around.

[DALAZ_68]

^ GIVE YOU THAT...

also, a coworker told me i should also consider dumping some money into an IRA
since im young...but my only issue is, having a set payment...

his advice was that...if i can invest 150 a month, i should only invest 100... never go 100% of what you THINK you can afford to put away, Just as a precautionary measure

[driftsilvias13]

is not what he have to make ..is what who he have to meet and what he will qualifying for...obvious ill be in network marketing for about 2 years since 17 and i have met numerous people that succesful in this bussiness.
go search up duke tubtim or usana.com..and see for your self...there are certain level u have to reach before u are being and considering ur self successful..is not how much he have or will be making ...cause if he doesnt have the skill then no matter what he do, it still doesnt pay off for his works...serve to many lead to great success man...lol

the usana company that is not a package...he doesnt have to buy a "PACKAGE" that i said..but in order for you to belivee in the company , you're have to believe it ur self before u're put ur heart and hard work into the bussiness..and no one put a gun to ur head and said you have to be rich , Is just like i said ..is up to u and ur decision to be successful or not....im not bragging about my car or saying im rich but my gold is reach ruby director in the company i worked for now...currently im a silver director...so i have a long way to go but yea just a tip for OP ..not try to start sometime in public forums


MANY people throw Duke's name around like nothing. You have no idea how closely I worked with him and I can already tell you dont know what you are talking about. Silver Director? So you made ONE $1000 check? 5000pts on each side? GREAT. You said you werent bragging about your car but clearly in your first post you said "look at me! im only 19 and I drive a s14.5" hahahah

[0100]

Don't be a pussy, it's all about FOREX.

Don't come crying to my though, when you lose it all.

[nissan240]

put your money in the Chinese stock market! i think its pretty easy to do it! its freakin booming. just do a little research on the chinese stock market to see if you like it or not! i believe there are agents out there who can help invest your money or help give you advice where you should put your money! just be sure to put some money in every month and dont constantly pull money in and out and buying new stocks just leave it in there and put more money in every month or so and dont worry it will accumulate over time trust me! economy may be bad right now but in a few years who know! if your thinking about the US stock market i would go either in microsoft, or either intel. you can never go wrong with electronics especially those two companies! microsoft with their new windows program will help a lot and intel is i believe on the best performing computer manufacture right now i can be wrong on that though!

[initial_jc]

Ive been Following microvision they make Pico Projectors they float at about 2.40 and dips down to 2.10 then moves back up, could make a quick buck like that it all depends on how involved and the frequency you want to look after it

[initial_jc]

is there any updates?

[DALAZ_68]

is there any updates?
i bet it all on black and lost...:cry:

[driftsilvias13]

Ive been going to Vegas every 2 or 3 weeks since I get comped from a hookup and have been winning about $800 to $1k each time playing craps! Seriously though it can go downhill fast..

[TougeLove]

goldman sachs and pepsi. hold me to it.

[duffman1278]

Roth IRA's arn't too bad, some friends and I just got one and it's not bad because it's taxed when you put money in, so when you take it out you don't get taxed for it and you don't have to keep putting in money if you don't want to.

[TougeLove]

bonds are sucking! looks like short sales are where the money is at right now. may be like this for awhile

[superbike81]

Bumping up an older thread as opposed to making a new one....

I'm not an investor, I'm a trader, but not a day trader, don't have the time for that. I do mostly small cap stuff, but not penny stocks.

I shorted Genoptix (GXDX) a couple weeks ago, their earnings revisions weren't looking good, looked like it would be a good short. Boy was I wrong, bastards put their company on the market yesterday, which if you don't know, means good things for investors because buyouts usually mean a decent gain. Price shot up 17% in pre-market trading, so it completely ignored my stop order (I always place stops at 10% loss).

Lost $3500 on that one trade.

But some of my other recent trades I've made like ZSTN and TBI have more than made up for that hit during the last month.

Oh well, still up close to 25% for 2010. My average for the last 5 years has been about 15% a year.

Anyone else here trade on margin? I love it, but don't use it all the time.