$1500 to spend....

[Iain]

I guess that's a US thing, cause I've never heard of them.

By smokies, I mean burnouts, and by burnouts I mean belching thick white smoke from both rear wheels as the car creeps slowly up the road, sitting on the limiter in 3rd....

[e30vert]

Are those like those little cocktail weinies? Little Smokies?

[Iain]

I voted M50 because:

- you said its an unfinished project. Doesn't this bug you? Don't you want to get it out of the way and enjoy the fruits of your labour?

- you can finish the car, sell it and use the money to buy a cheap shitter and a really f**king quick bike.

- I assume, you being at college, are young. Therefore you don't REALLY need to get into investing right at this second as you've got at least 60 years ahead of you to worry about money. Sure, a kid who has been saving and investing since they were 14 years-old will have an advantage on you, but fark man, live life a little!

All that.... and you can drop fucking massive smokies in the M50 E30 :p

[DrMcDave]

my mutual fund has gotten better than 25 percent the past 2 years. started at 3k and is now at 5k in just over 2 years. I could be off but it started something like that.

[e30vert]

4% isnt an investment. That's just keeping up with inflation.

Take 1500 and put it in a moneymarket account that averages ~12% return and put in $250 extra every month and you would have like $250k in 20yrs.

Spend it on your car!

4 % is conservative and obtainable in a stable investment.

12 % is not attainable nor sustainable at that rate of return. Sure there may be periods that may average 12 % return , but not consistiently.

Lots of risk at that rate of return and one has to be willing to ride out the bad times and not get cold feet. Risk tolerance is what needs to be assessed to move into that style of investment.

[2002maniac]

You take $1500 and compound it over 20 year and see what it actually gets you. Average 4 % a year without a ton of risk.

4% isnt an investment. That's just keeping up with inflation.

Take 1500 and put it in a moneymarket account that averages ~12% return and put in $250 extra every month and you would have like $250k in 20yrs.

Spend it on your car!

[alex]

I guess women are right; all guys ARE the same.

1. When you grow up a little you'll realize that women don't know shit while they think they do know shit. So don't be too concerned at this point. Plus, just to clear this up, all guys are not the same.

2. The more a woman says shit like that the more it means that she has no clue.

[AndrewBird]

lol A guy I work with has about $2400 coming to him and his decision is between a motor swap in his Subaru, a crotch rocket, or a laptop. I guess women are right; all guys ARE the same.

[alex]

?

EDITED.

[kansas-ix]

Buy conoco phillips stock that way you get paid when you fill up check there stock $ history they pay, where Exxon and BP don't.

Also on that note Valero Stock they own the most refineries in the US.

[grapedrink]

Send me a check for the money that you owe me since spring of 2005?

?

[alex]

What to do with the money.

Send me a check for the money that you owe me since spring of 2005?

[e30vert]

Man, I'm re-reading my post again. How the fuck did he not pick up on the sarcasm?

-Charlie

Im always on guard and apologise if I missed the part where you stated , "Sounds like someone has taken the time to weight the financial possiblities and was trying to be of help"

Thanks for that comment though and I appreciate it.

I was trying to point out that the concept of compounding interest works best with larger numbers and/or if someone contributes additional funds regularly to thier initial investment. These points are sooo often missed by the young investor.

Thanks again.

[Charlie]

ROFL.

A bit defensive today evidently.

Man, I'm re-reading my post again. How the fuck did he not pick up on the sarcasm?

-Charlie

[Digitalwave]

hahahah