Poesia [ ] T Posted April 24, 2009 Share Posted April 24, 2009 Let get it started. Any and all questions everyone pitch in. Quote Link to comment Share on other sites More sharing options...
XJONATHONX Posted April 24, 2009 Share Posted April 24, 2009 Someone buy me a street bike and a turbo charger for my truck. Quote Link to comment Share on other sites More sharing options...
Guest 50million Posted April 24, 2009 Share Posted April 24, 2009 I'll be the secretary. i can file and take notes. k go! Quote Link to comment Share on other sites More sharing options...
Poesia [ ] T Posted April 24, 2009 Author Share Posted April 24, 2009 Also 50 did you fax that paperwork to me. Quote Link to comment Share on other sites More sharing options...
Guest 50million Posted April 24, 2009 Share Posted April 24, 2009 i go yo shit son. do not fret. im sending it tomorrow by 2pm. Quote Link to comment Share on other sites More sharing options...
Poesia [ ] T Posted April 24, 2009 Author Share Posted April 24, 2009 I'll be the secretary. i can file and take notes. k go! Quote Link to comment Share on other sites More sharing options...
TheoHuxtable.. Posted April 24, 2009 Share Posted April 24, 2009 You mad cuz the bear market's stylin' on you? Quote Link to comment Share on other sites More sharing options...
boner9000 Posted April 24, 2009 Share Posted April 24, 2009 anyone have an opinion on vanguard actively managed funds? specifically the ones advised by wellington management?... tumbleweeds.... Quote Link to comment Share on other sites More sharing options...
CLICKCLACKONER Posted April 24, 2009 Share Posted April 24, 2009 What should I invest 20 stacks on? Quote Link to comment Share on other sites More sharing options...
DA_BEARS Posted April 24, 2009 Share Posted April 24, 2009 AIG son....you CANT go wrong!!! Quote Link to comment Share on other sites More sharing options...
CLICKCLACKONER Posted April 24, 2009 Share Posted April 24, 2009 Haha! Already did. AIG has been my life insurance for 12 years now. Quote Link to comment Share on other sites More sharing options...
Gnarly Sheen Posted April 24, 2009 Share Posted April 24, 2009 ^ Shit Quote Link to comment Share on other sites More sharing options...
!@#$% Posted April 24, 2009 Share Posted April 24, 2009 so i'm waiting for the market to bottom out and thinking of starting an IRA wondering if it has yet, i think not. anyone? how about advantages of an IRA (roth or whatever) over other types of retirement accounts? and yes, i am too old. Quote Link to comment Share on other sites More sharing options...
CLICKCLACKONER Posted April 24, 2009 Share Posted April 24, 2009 Anyone? 20 g's, what to do. Quote Link to comment Share on other sites More sharing options...
Telo Posted April 24, 2009 Share Posted April 24, 2009 This may sound retarded to most but If i had a little extra coin i really consider Buying Ford attttttt (let me check.......) Wow.. 5$ a share. A month ago they were less then a dollar. If any of the car companies have a decent chance of walking away from this situation unscathed it will be Ford. Several years ago Ford pulled a super ballsy move and upped their credit line through the roof and formed these HUGE cash reserves. The public and many people that were in the know were completely stumped. Now Ford is in no way, shape, or form "sitting pretty" but they are handling their finances and weathering the storm much better than the other big boys. My buddy was day trading Ford stock last month and reportedly made close to 8 grand. Food for thought Quote Link to comment Share on other sites More sharing options...
Gnarly Sheen Posted April 24, 2009 Share Posted April 24, 2009 I don't know enough to put my money in anything, but i do know that the stock market will eventually recover and i would like to put SOME money SOMEWHERE. Quote Link to comment Share on other sites More sharing options...
Telo Posted April 24, 2009 Share Posted April 24, 2009 ^^^^^^ This man knows what hes talking about.. The Market ALWAYS recovers. Just like anything else that is cyclical. It just a matter of Economics. Financially, the USA will be strong sometime again. The question is just when. Everything is a matter of when. Also, some people have talked about investing in renewable energy companies and corporations that deal with solar and wind energy. This cn be a good idea but its likely that you will not see any decent return for a long long time. The banks? I have WM, JPMC, and BofA in a watch portfolio right now. No investments just keeping tabs. Who knows what the fuck will happen to them. They are up and down everyday Quote Link to comment Share on other sites More sharing options...
boner9000 Posted April 24, 2009 Share Posted April 24, 2009 With 20 grand I would put maybe half in a no-load, low expense mutual fund, or put it in your company's 401k if that option is available.. The other half i would consider as a down payment on a home seeing as they are exceptionally cheap right now.. Also giving advice to people to buy 1 particular stock shouldn't be taken seriously.. There are people called traders who go to prestigious universities in order to do this; so if you aren't one of them, it might be a little to risky for you. ALSO, market bottoms can't be called until after the fact.. shit is cheap right now which is all ya need to know. Quote Link to comment Share on other sites More sharing options...
Abstract Rationality Posted April 24, 2009 Share Posted April 24, 2009 DID YOU PUT A COVER LETTER ON THOSE TPX REPORTS? Quote Link to comment Share on other sites More sharing options...
!@#$% Posted April 24, 2009 Share Posted April 24, 2009 clearly market bottoms are known after the fact i don't think anyone is fuckin psychic haha. there are indicators though. picking one stock is dumb. the secret to stock market wins seems to be: diversify. and put money in, and LEAVE it there over many years if not decades. the returns on people who stay in for a long time are much better, statistically, than for people who play the market. my uncle does this and he is hemmorhaging money. if you are diversified you won't be as subject to ups and downs (hopefully) low fee institutions are good too (read, stay away from merrill lynch) i am thinking of going to TRowePrice. they have a great history of longevity and respond to conditions (they are laying ppl off rightnow, not giving out massive bonuses) i do not want a 401k. i am hearing scary shit about fees eating so far into the returns there aren't any. i put a lot down on my house to avoid private mortgage insurance. so if you go to real estate to invest, try to minimize as much overhead as youcan, by getting a good deal on homeowners' ins and no PMI. imho. Quote Link to comment Share on other sites More sharing options...
Poesia [ ] T Posted April 24, 2009 Author Share Posted April 24, 2009 I will be back on here tonight with my thoughts, but im no stock investor wiz i just know how to make money. 1 Quote Link to comment Share on other sites More sharing options...
__ __ __ __ Posted April 24, 2009 Share Posted April 24, 2009 let us know how Quote Link to comment Share on other sites More sharing options...
Poesia [ ] T Posted April 25, 2009 Author Share Posted April 25, 2009 If you want to beat the market you have to cheat the market if your looking to get rich watch the Movie "wall street" then see where you can get the best insider trading information buy a bunch of that stock dump it or short it when its overpriced or underpriced then repeat the process till you end up in prison, make sure to pay off as many judges and politicians while you got the cash in the case you get caught they send you to a federal prison where you can play some tennis and sip Lattes passing time till you go home and open up those overseas accounts where you funneled your money. Small price to pay for retirement at the age of 40-45. Thats one way to make some cash, me im not on that path cause i dont play tennis and lattes are for women. Im a golf man and espresso kind of guy. Quote Link to comment Share on other sites More sharing options...
pissdrunkwhat?! Posted April 25, 2009 Share Posted April 25, 2009 hahahaha Quote Link to comment Share on other sites More sharing options...
Guest 50million Posted April 25, 2009 Share Posted April 25, 2009 poe, i faxed that shit today at 12pm sharp. some dude just bought 8 million shares in whole foods stock. it went up ten bucks in 2 months. Quote Link to comment Share on other sites More sharing options...
Poesia [ ] T Posted April 25, 2009 Author Share Posted April 25, 2009 Yes i got it, thanks. So IOU is in town for how long, ill give you guys a call tomorrow i got a couple of appointments tomorrow early but im thinking about painting out that way. Also i watched Whole foods stock for awhile it was good look, but like someone said earlier the longer you have an outlook to keep the stock the better your return. Quote Link to comment Share on other sites More sharing options...
boner9000 Posted April 25, 2009 Share Posted April 25, 2009 clearly market bottoms are known after the fact i don't think anyone is fuckin psychic haha. there are indicators though. picking one stock is dumb. the secret to stock market wins seems to be: diversify. and put money in, and LEAVE it there over many years if not decades. the returns on people who stay in for a long time are much better, statistically, than for people who play the market. my uncle does this and he is hemmorhaging money. if you are diversified you won't be as subject to ups and downs (hopefully) low fee institutions are good too (read, stay away from merrill lynch) i am thinking of going to TRowePrice. they have a great history of longevity and respond to conditions (they are laying ppl off rightnow, not giving out massive bonuses) i do not want a 401k. i am hearing scary shit about fees eating so far into the returns there aren't any. i put a lot down on my house to avoid private mortgage insurance. so if you go to real estate to invest, try to minimize as much overhead as youcan, by getting a good deal on homeowners' ins and no PMI. imho. I won't pretend to know everything, but you might want to look again at the 401k. With the employer match and tax deductions it still might be worth it. In a regular mutual fund, capital gains, dividends and income from bonds are all taxed, and those rates will likely be going up in the next couple years. I would look for fund(s) with a low turnover % to help keep cap gains down.. You can't go wrong with morningstar, check out the book "fund spy" or subscribe to the website. Personally I've been interested in VWINX and VWELX lately. You are right about diversification, it is dollar cost averaging that is supposed to keep you steady; ie: putting a fixed amount into the market every month. There are all kinds of funds to suit risk tolerances from money markets to bonds to international equity, as well as lifespan funds that set a target retirement year and change asset allocation as you get older.. Quote Link to comment Share on other sites More sharing options...
El Jefe Uno Posted April 25, 2009 Share Posted April 25, 2009 Diversify yo' bonds nigga! I don't have a whole lot of money, but I do want to invest what I can. I'm 21 and I have no idea what steps to take. Throw me some ideas Quote Link to comment Share on other sites More sharing options...
SystemFailure Posted April 25, 2009 Share Posted April 25, 2009 If you have enough to do so, I'd suggest investing in precious metals. In times of economic uncertainty these fields of investment are always stable. Oh and another thing, WHERE IS MY SWINGLINE STAPLER? Quote Link to comment Share on other sites More sharing options...
boner9000 Posted April 25, 2009 Share Posted April 25, 2009 The point of an investment is to have it appreciate in value over time. Gold is not cheap right now and I wouldn't really call it stable over the past 2 years. That's all I'm gonna say on the subject. http://www.usatoday.com/money/perfi/columnist/krantz/2007-09-05-gold_N.htm Quote Link to comment Share on other sites More sharing options...
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