Finance/Investing ITT

[wildstoats]

Now is the BEST time to invest. I feel bad for anyone who's missed out on the 50% run from march because they were afraid.

You should add the disclaimer: "If you can time the next downturn correctly". I'm still in the camp that thinks this is a sucker's rally.

[John Rocker]

More advice, dont be afraid to pay the tax man. Structuring your investments to try to avert paying taxes one year, leaving them for the next is a bad idea. If you have a reason to sell a stock, sell it. Dont worry about capital gains. Dont try to weigh the tax into your gain/loss.

Additionally, dont chase dividends. Buying a stock just because they announce a dividend, then selling after you collect it is a bad idea. The net effect is really zero, you dont gain by chasing these. Actually, it is even illegal for a broker to suggest this tactic, something they learn when taking the series 7.

[Alkasquawlik]

I hope Alkasquawlik isn't one of those kids who jerk off to Boiler Room.

what the fuck is Boiler Room?

What do you mean you want to work in finance? Corporate finance which is balancing the company's investments in other companies? Financial advisor which is annoying your friends to let you manage their money? Investment banker... which is working every waking hour?

I'm in the final week of a summer internship with Credit Suisse's Private Banking division, and will most likely be doing the same thing next summer but in the I Banking division. Not exactly sure which one I would want to do, I have atleast 3 more years to figure it out.

Hey, if Obama gets his way, the government would take 30% of that $6000 instead of just 15%... and what about many more people that tried to be like him and lost most of what they risked on penny stocks?

Like I said earlier ITT, I'm not ignorant, and know that you can lose money, but I am young and willing to take the risk now, rather than when I have a family to look after.

WHY WOULD YOU WANT AN E46 M3? In a financial thread, I can't believe someone else hasn't pointed out a near new car like that is nothing but a pile of debt for a depreciating asset with high maintenance costs.

Because I want one. I'm not going to be driving only E30s for the rest of my life. If I can afford it, I'll buy one, if not, then I'll continue saving.

[rwh11385]

NO ONE TALKS ABOUT THEIR LOSSES ONLY THEIR WINNERS

Just like other types of gamblers, haha.

A good part of investing is figuring out your opportunity costs. RWH… although you are on the right track it’s not the complete picture. A house can be a good investment if the real estate appreciating at a higher rate than your interest rate taking into account what you would be spending on rent. Of course you would build a model to take all these factors into account but you have to look at the overall picture.

Yep, here's a starting point for that: http://www.nytimes.com/2007/04/10/bu...T_GRAPHIC.html

Of course, I'm biased because my area has some seriously cheap homes and we never really had a bubble. I as well as both my parents have worked in real estate. I had my "standards" I wanted in a home, ignored cookie cutter houses, and went a few miles outside of the popular but overpriced young area.



An important thing about personal finances is thinking about what you save / invest, versus what you earn and spend. If you get a raise but inflate your expenses in turn, then you'll not really get much wealthier - you just have more expensive stuff. Focus on items that bring you great happiness or great returns, and not stuff that you think you ought to buy. Then you should be to able to see what you don't need to spend on, but save and invest away for important goals in the future.

[Vedubin01]

I just finished moving to cash today except stock in an AU. Ore company. These were my final sales today. I expect it to be pretty rough tomorrow due to the debt sale going on.

Anyway here some ideas.

Today Im up 44% for the year.

VICLSOLD100CASH$3.5901$352.00 UYMSOLD50CASH$23.44$1,164.96 PVXSOLD100CASH$5.1101$503.99 PVGSOLD50CASH$15.18$751.98 GESOLD50CASH$14.4402$714.99 DOWSOLD50CASH$21.8302$1,084.48 CHKSOLD30CASH$24.28$721.38

[Surtr]

Because I want one. I'm not going to be driving only E30s for the rest of my life. If I can afford it, I'll buy one, if not, then I'll continue saving.

Sell out.

[nbio]

well does anyone have any advice for me?
im an 18 year old fresh out of high school, starting cc in the fall. (my community college has a flight technology program, im learning to be a commercial pilot.
college is paid for, thankfully.
I have around 5 grand saved up in a savings account at my local FCU. I have a part time job and make around 90 bucks a week after expenses. can anyone give me some advice as to where to invest it? im was thinking a roth IRA, since no 401k is available to me

[Alkasquawlik]

Sell out.

Shoot me.
I will still keep the iX for winter driving duties.

[nando]

well does anyone have any advice for me?
im an 18 year old fresh out of high school, starting cc in the fall. (my community college has a flight technology program, im learning to be a commercial pilot.
college is paid for, thankfully.
I have around 5 grand saved up in a savings account at my local FCU. I have a part time job and make around 90 bucks a week after expenses. can anyone give me some advice as to where to invest it? im was thinking a roth IRA, since no 401k is available to me

yes, and do the Roth since you don't pay much taxes right now so bringing down your tax bracket isn't very important. but I wouldn't put all of it into an IRA. I would keep 1-2k in savings for emergencies. Otherwise if something happens and you have no cash, you're stuck using a credit card and you don't want to get on that merry go round.

[Farbin Kaiber]

Mark my words, get into silver, now.

[Kershaw]

havent opened a forex account with zecco. dont know why you cant just expand your normal trading account into forex. either way, spot metals or currency trading is really dangerous and im not sure i want to get into that right now.

anything else you'd suggest?

[gte175x]

yes, and do the Roth since you don't pay much taxes right now so bringing down your tax bracket isn't very important. but I wouldn't put all of it into an IRA. I would keep 1-2k in savings for emergencies. Otherwise if something happens and you have no cash, you're stuck using a credit card and you don't want to get on that merry go round.

I agree...do the roth...if you need to you can remove the principal, you can do so without penalty. Just in case you ever need it....you can't use it like a checking account tho...

the profits are not taxed, and you will not be able to do a roth once you make more than 90K a year so getting them in early now can be important....and there is a 5k a year max input.

you just need to figure out, what you will invest in for the roth contributions.

[gte175x]

Mark my words, get into silver, now.

reason?

[nando]

Mark my words, get into silver, now.

buy high, sell low?

https://news.fidelity.com/news/news.jhtml?cat=Opinion&articleid=201104250001SMRTMONYNEWS_____30694&IMG=N

[Farbin Kaiber]

Not so much that, but as gold continues to get farther out of reach, silver, as a precious metal, will continue to rise, tied to golds price. I was saying get into silver before it goes to 100+/oz. Because it will, and it will stay there. So moreso, I'm saying, look into silver, see it's trends, and when there is a drop, buy in, because it will go back up, and continue to do so in the future.

I had a chance to invest into gold when I was in HS, and didn't. Now I look back, I wish I did, I would have had a 5x increase on investment in about 13 years. Instead, I blew that money.