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Invisiblegogrowgo123
all the same

Registered: 10/18/05
Posts: 249
Got $7,500 to invest...help? * 1
    #6098398 - 09/25/06 12:25 PM (17 years, 4 months ago)

hey everyone


I have acquired $7,500 dollars cash that i would really like to invest in some way to make more money. if anyone has good information about this or suggestions of what is good and what is not these days please post back or pm me!

Thanks a bunch!


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"For everything to be consummated, for me to feel less alone, I had only to wish that there be a large crowd of spectators the day of my execution and that they greet me with cries of hate."


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Offlinelemon_lw
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6098403 - 09/25/06 12:27 PM (17 years, 4 months ago)

well are you more of a low, medium, or high risk type of person?


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In the belly of the Leviathan, one can either despair and perish, or be cheerful and persevere.-Dean Koontz


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InvisibleOneMoreRobot3021
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6098408 - 09/25/06 12:28 PM (17 years, 4 months ago)

Internet poker - all the cool kids are doing it. :lol:


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Acid doesn't give you truths; it builds machines that push the envelope of perception. Whatever revelations came to me then have dissolved like skywriting. All I really know is that those few years saddled me with a faith in the redemptive potential of the imagination which, however flat, stale and unprofitable the world seems to me now, I cannot for the life of me shake.

-Erik Davis


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Invisiblegogrowgo123
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Re: Got $7,500 to invest...help? [Re: lemon_lw] * 1
    #6098409 - 09/25/06 12:28 PM (17 years, 4 months ago)

medium i suppose


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"For everything to be consummated, for me to feel less alone, I had only to wish that there be a large crowd of spectators the day of my execution and that they greet me with cries of hate."


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Offlinecapliberty
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6098419 - 09/25/06 12:31 PM (17 years, 4 months ago)

The internet poker recommendation is not even funny, unless you know how to work the bonus system


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Offlinelemon_lw
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6098424 - 09/25/06 12:34 PM (17 years, 4 months ago)

well ill let you make your own decisions. here is a great website that i read up on a wile back

http://investopedia.com/university/beginner/

i went ahead and linked you to the "investing 101" area but there is quite a bit of info in the tutorials.

good luck


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In the belly of the Leviathan, one can either despair and perish, or be cheerful and persevere.-Dean Koontz


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InvisibleBrainiac
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Re: Got $7,500 to invest...help? [Re: lemon_lw] * 1
    #6098704 - 09/25/06 02:06 PM (17 years, 4 months ago)

Seven mouth Cd's at 5.15%
Just keep reinvesting, evey time they come due = turning them over.
Hear is a good website http://clarkhoward.com/


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Offlinekindadank
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Re: Got $7,500 to invest...help? [Re: Brainiac] * 1
    #6098734 - 09/25/06 02:15 PM (17 years, 4 months ago)

I would put every dime in either ATWT or CFRI or both...look up them at:

http://www.hotstockmarket.com/forums/forumdisplay.php?f=37

I would say that in 1-3 months time, you would more than likely make anywhere from a 200-600% return on your investment, if not more. Anyways, these are a little riskier than CD's, but in the world of pink sheet stocks, these are about as solid as it gets. Basically no way to lose with these IMHO.


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Offlinekindadank
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Re: Got $7,500 to invest...help? [Re: kindadank] * 1
    #6098738 - 09/25/06 02:16 PM (17 years, 4 months ago)

Oh yeah, hold those shares for 1-3 years and you might make a couple hundred thousand dollars.


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OnlinegeokillsA
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Re: Got $7,500 to invest...help? [Re: kindadank] * 1
    #6099116 - 09/25/06 04:11 PM (17 years, 4 months ago)

Pink sheets? Good god, that isn't anywhere near medium risk - try super extreme ridiculously huge risk! Sure, you can hit it big, but it's like playing the damn lottery. Stocks that trade "over the counter" are not subject to any formal SEC regulation, and therefore the vast majority of their movement is based soley on press releases (meaning: COMPLETE HYPE). It is perfectly legal for these companies to LIE and even decide not to report any of their accounting, because there is absolutely nobody keeping formal tabs on them.

Yes, if you time it right or just get lucky, the return can be phenomenal, but the damage comes swift and without warning.. and in most cases, you will lose a lot of money on the pink sheets if you stay in them for any appreciable amount of time. Stick with securities subject to SEC rules, such as those listed on the Nasdaq, NYSE, and to a lesser extent the Amex. IF you want to be a proactive investor. Stocks are no longer for those with the "buy and hold" mentality - you need to flexible, informed, and come prepared with an exit strategy. Diversification is key!

All that said, if you want to take a passive role in your investment, with no risk - definitely throw your money in a CD or better yet, a liquid Investment account such as HSBC Direct's Oline Savings Account. You get your 5.05% apy (similar to a bank's CD account), but you can pull your money out at any time.

You might also want to peruse the following thread for related information: Buying gold


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InvisibleBIGSWANG
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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #6099126 - 09/25/06 04:16 PM (17 years, 4 months ago)

buy natural gas futures before winter hits..im a broker at the nymex ...www.nymex.com

naty gas is super low for this time of year...pm me and i can give you the numbers on who to call


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OfflineJadian
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6099128 - 09/25/06 04:18 PM (17 years, 4 months ago)

Give it to me and I'll start up a columbian cocaine trading business and give you back 20,000$ assuming Pascal doesn't shoot me for having sex with one of his wives.


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Invisiblesucklesworth
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6099131 - 09/25/06 04:19 PM (17 years, 4 months ago)

American Funds has a mutual fund called Washington Mutual Investors Fund. It is a blue chip fund that has performed very well and the risk is low to medium.


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InvisibleHSIHd
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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #6099137 - 09/25/06 04:20 PM (17 years, 4 months ago)

RothIRA's are a sure way to make money. Gauranteed to go up in value. I think the max you can put in them is $2500 a year. You can't take money out until your 60 but they make you mad cash in the long run.


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Invisiblesucklesworth
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Re: Got $7,500 to invest...help? [Re: HSIHd] * 1
    #6099145 - 09/25/06 04:22 PM (17 years, 4 months ago)

IRA's are not gauranteed. IRA's are only a shell that protect you from taxes if you leave the money in place until retirement. You can place any investent in an IRA.

here is a link to washington mutual

http://www.americanfunds.com/funds/details.htm?fundNumber=1


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InvisiblePrisoner#1
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6099149 - 09/25/06 04:22 PM (17 years, 4 months ago)

bank what you have in a money market account or CD for one year, in that year
subscribe to the IBD and start tracking, watch trends and such, after that year
expires, you're ready to invest

http://www.investors.com/


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InvisibleHSIHd
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Re: Got $7,500 to invest...help? [Re: Prisoner#1] * 1
    #6099280 - 09/25/06 05:15 PM (17 years, 4 months ago)

You could try trading commodities/futures. Thats a pretty tricky thing to figure out though. Basically just gambling. I work with a guy that use to be a broker. He made $35,000 in one night but lost it all within a few hours because he got greedy and didn't sell.


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OfflineLeanin
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Re: Got $7,500 to invest...help? [Re: HSIHd] * 1
    #6099300 - 09/25/06 05:19 PM (17 years, 4 months ago)

buy some drugs and give them to me, ill double-triple up your money


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InvisibleWhiskeyClone
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #6099443 - 09/25/06 05:47 PM (17 years, 4 months ago)




They're taking over the fucking world as we speak.  Mark my words. :goodmorning:


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Welcome evermore to gods and men is the self-helping man.  For him all doors are flung wide: him all tongues greet, all honors crown, all eyes follow with desire.  Our love goes out to him and embraces him, because he did not need it.

~ R.W. Emerson, "Self-Reliance"

:heartpump:


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OfflineDimmy
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Re: Got $7,500 to invest...help? [Re: Leanin] * 1
    #6099456 - 09/25/06 05:51 PM (17 years, 4 months ago)

call me a conservative but i'd put the money in an IRA. If you just 'fell' into the money, it wont seem like a loss but, it can turn into some big money for over enough time. you'll earn interest on your interest (gotta love that compounded continously shit). Just put the money in a Roth IRA , leave it alone except to put more money it. By the time you reach retirement, you'll have some mad bank to live off and, that shit isn't taxed so its all yours! look into it.


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Offlinekindadank
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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #6099699 - 09/25/06 06:59 PM (17 years, 4 months ago)

Quote:

geokills said:
Pink sheets?  Good god, that isn't anywhere near medium risk - try super extreme ridiculously huge risk!  Sure, you can hit it big, but it's like playing the damn lottery.  Stocks that trade "over the counter" are not subject to any formal SEC regulation, and therefore the vast majority of their movement is based soley on press releases (meaning: COMPLETE HYPE).  It is perfectly legal for these companies to LIE and even decide not to report any of their accounting, because there is absolutely nobody keeping formal tabs on them. 

Yes, if you time it right or just get lucky, the return can be phenomenal, but the damage comes swift and without warning.. and in most cases, you will lose a lot of money on the pink sheets if you stay in them for any appreciable amount of time.  Stick with securities subject to SEC rules, such as those listed on the Nasdaq, NYSE, and to a lesser extent the Amex.  IF you want to be a proactive investor.  Stocks are no longer for those with the "buy and hold" mentality - you need to flexible, informed, and come prepared with an exit strategy.  Diversification is key!

All that said, if you want to take a passive role in your investment, with no risk - definitely throw your money in a CD or better yet, a liquid Investment account such as HSBC Direct's Oline Savings Account.  You get your 5.05% apy (similar to a bank's CD account), but you can pull your money out at any time.

You might also want to peruse the following thread for related information: Buying gold





Yeah, I know what you are saying about the pinkies geo.  I would never put such a large amount in companies I didn't feel VERY secure about.  Just because they aren't listed on the NASDAQ and don't have to have their financials checked at this point doesn't mean they aren't legit.  I have done my homework on these two and I know what I'm talking about.  Just do some research on the two I listed and you'll see what I mean.  ATWT is about to release audited financials in 2 weeks and is  going to be listed at a higher exchange around that time.  They have MANY products that are already being sold.  Many deals with MAJOR insurance companies that have been finalized/or are about to be.  Plus, their main product is something that will be saving kids lives...believe me, they are going to be BIG! 

CFRI has been in the shipping container industry for around 25 years.  They are about to come out with a revolutionary synthetic flooring called Eko-flor, which would replace the wood commonly used now.  Think about how many shipping containers there are in the world.  CFRI has ties with most of the major shipping lines out there.  They have MANY deals already lined up.  This type of product has been in demand for a while now, but no one has come up with a good alternative.  The CEO just taped an episode with the World Business Review on CNBC and it will air in about 3 weeks.  Anyways, that's all I feel like typing at the moment.  Do these sound like your typical pinks?  Just do a little research on these two...

If you like what you see, why not throw a couple grand at them?  Either way, I'm in both for the long run and I have HIGH hopes for the next few months to a year.  Anyways, this is all IMHO so take it for what it's worth.  :grin:


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OnlinegeokillsA
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Re: Got $7,500 to invest...help? [Re: kindadank] * 1
    #6101496 - 09/26/06 01:43 AM (17 years, 4 months ago)

> I'm in both for the long run and I have HIGH hopes for the next few months to a year.

My friend, hope has no place in a sucessful investment strategy.  Hope is as good as gambling blind!  One of the stocks you're referring to - ATWT - is trading at $0.006 a share with a volume of 38 million shares exchanged today.  That is not very liquid at all, with less than a quarter million dollars worth of stock trading in a day.  Given the unregulated nature of over-the-counter stocks, any sharp news will cause that stock to rocket in one way or another.  With Atwec's historical trendlines, and its incredibly low market capitalization.. it's just an extremely risky investment.  Furthermore, all the articles I can find on this company, are paid-for press releases.  No independent news agencies are even reporting on this company.  Stocks do go to zero - you can lose everything!


Quote:

BIGSWANG said:
buy natural gas futures before winter hits..im a broker at the nymex ...www.nymex.com

naty gas is super low for this time of year...pm me and i can give you the numbers on who to call


Now that's the speculation I like to see.  Natural gas is indeed breaking three year lows, though with some fair reason - as supplies are very high right now and weather has been mild over the last year.  Nevertheless, a cold winter or ongoing geopolitical tension will cause these things to rebound sooner or later.  Even so - than invest in the gas itself, I would prefer to invest in natural gas related companies with minimal debt and lots of business on the books, which have sunk to historic lows because investors get caught panicing as oil and energy prices continue to decline. 

Currently I am building a position (slowly cost averaging as the stock as been falling) in Nabors Industries (NBR), an oil and natural gas drilling company that has lost over 30% of its value in the last 6 months.  The company is quite susceptible to sector trends, and with oil and natty gas falling it has taken a huge hit largely due to the volatile emotions that can sweep the market when certain sectors fall out of favor.  Since 1996, Nabors has traded at a minimum Price to Earnings (PE) ratio of 8x, and as high as 68x.  They are a well run company which is significantly undervalued, trading at only 6x next years anticipated earnings - at a cheaper price than it has traded in the last ten years!  You can see that downside risk has been minimized, and upside risk is quite generous given that the company is actually doing very well (do the reading on their SEC quarterly reports for more info on that).  It will probably take 6 - 24 months to realize significant gains, and I've been buying on dips over the last six months.. but honestly I believe this is a very solid long term investment with perhaps 10% downside risk, to 100% upside reward over the next couple / few years. 

For a shorter term investment (4 - 8 months), I own some Google which is currently trading below 1x its growth rate of 36% (a PE multiple of around 32x).  At $400, it seems very plausible that it will reach $500 into 2007 when money managers begin to hop onto its undervalued price.  A solid company trading below 1x its growth rate is considered very cheap, it's like a rule of thumb for large money managers (who are by and large responsible for setting stock prices due to their huge investments) to go after these stocks in preparation for the next year's business cycle.  Of course, Yahoo did warn last week that their ad revenue has fallen recently - which may in turn affect Google as well since the majority of their revenue is ad based.  In my opinion, NBR is the safer (albeit longer) bet - though they should both be quite awesome if you can handle the short term swings.  Remember not to buy all at once, scale yourself in and out! 

Good luck and make some money :sun:


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OnlinegeokillsA
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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #7828803 - 01/03/08 06:47 PM (16 years, 28 days ago)

Quote:

geokills said:

I own some Google which is currently trading below 1x its growth rate of 36% (a PE multiple of around 32x).  At $400, it seems very plausible that it will reach $500 into 2007 when money managers begin to hop onto its undervalued price.  A solid company trading below 1x its growth rate is considered very cheap, it's like a rule of thumb for large money managers (who are by and large responsible for setting stock prices due to their huge investments) to go after these stocks in preparation for the next year's business cycle. 


Well how about that... Nabors reached up above $35 in 2007, then came back down to about where I recommended it. 
And what of that lowly $400 Google?  Well it looks like it's trading around $700 a share now, a 75% gain in about 15 months! :yesnod:

Sorry, just had to stroke myself a bit there... ahh, all better now! :wink:


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Offlinemescalinaz
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Re: Got $7,500 to invest...help? [Re: Dimmy] * 1
    #7836036 - 01/05/08 03:19 PM (16 years, 26 days ago)

grow op... go for one year. with sucha investment you can have huge turnover.:thumbup:


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InvisibleDieCommie


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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #7836058 - 01/05/08 03:23 PM (16 years, 26 days ago)

Its honestly not that much money for any huge investment. I would just put it into a house, unless you already have a paid for house.


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OfflineApJunkie
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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #7836131 - 01/05/08 03:43 PM (16 years, 26 days ago)

well, Got any equally fantastic predictions for 2008?


Edited by ApJunkie (01/05/08 03:44 PM)


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OfflineBrandon2874
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Re: Got $7,500 to invest...help? [Re: Dimmy] * 1
    #7836246 - 01/05/08 04:07 PM (16 years, 26 days ago)

Put the money into a roth ira (assuming you are under 40) and then I would recommend buying ETFs and possibly stocks with low PE ratios and solid divided payment histories.


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InvisibleYidakiMan
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #7838492 - 01/06/08 08:55 AM (16 years, 26 days ago)

Nobody has suggested investing in yourself? Is schooling or entrepreneurship an option for you? $7.5k isn't enough to buy an already established business but it could build yourself a home based business.


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InvisibleAsante
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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #7838911 - 01/06/08 11:23 AM (16 years, 25 days ago)

$7.500 isn't much to work with investmentwise.

You could invest in gold coins and silver bars. For these it looks like there could be quite some growth in the coming few years.

5 gold Krugerrands and 2 100-oz bars of silver would be an option.


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Re: Got $7,500 to invest...help? [Re: Asante] * 1
    #8151221 - 03/15/08 08:50 PM (15 years, 10 months ago)

Isn't it too late to jump in on the gold bandwagon?


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InvisibleAsante
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Re: Got $7,500 to invest...help? [Re: Derk] * 1
    #8151887 - 03/15/08 11:27 PM (15 years, 10 months ago)

Quote:


Isn't it too late to jump in on the gold bandwagon?





Note the date on the post, and what you would have gotten for 7.5 grand a mere two months ago.

Gold is at $1.000 an ounce. I've stopped buying it quite some months ago, shit's already getting out of hand.

The point I'm personally considering to heavily unload my gold would be around $1.200/troz. As you see, I consider gaining a mere 20% more to be a substantial sell moment.

Might Gold reach the $1.500-2.000 range the Cheuvreux Gold Report considers a likely possibility? Why yes, but I intend to shed considerable gold before finding out.

My dream would be shedding a lot of gold and converting it to silver and/or palladium which in that dream are not too high at that time :lol:

The only thing (as an european) holding me back from selling a lot around $1.200 would be an unstable euro. If I lived in the USA would I sell at $1.200 an ounce? FUCK NO! I don't want Dollars, thats like betting on a three-legged horse.

Selling gold is blasphemy, if you're selling for dollars.


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OfflineMaldozer
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Re: Got $7,500 to invest...help? *DELETED* [Re: gogrowgo123] * 1
    #8164868 - 03/18/08 11:33 PM (15 years, 10 months ago)

Post deleted by Maldozer

Reason for deletion: mn


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Invisiblememes
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Re: Got $7,500 to invest...help? [Re: Maldozer] * 1
    #8165703 - 03/19/08 08:42 AM (15 years, 10 months ago)

heh - i was looking for this thread last night, didn't realize it was so old.

I recently decided that since the market is not doing it's best, this low-point in our economic cycle is the time to get involved in investing.

I'm a senior in college, got a semester and a half left. I have childhood bond money and some scholarship funds that I have access to and I'm trying to decide what to do with them. I want relatively low risk, to the point that I'm debating just setting up my RothIRA now when i'm young. Once i graduate and secure a "real job" I'll be investing heavily (no less than 25% of my income) while I have no family or relationship obligations.


In all honesty - I'm clueless. My dad worked for Meryll Lynch, and later Morgan Stanely/Dean Witter for a while - but he was in marketing, not trading. He knows quite a bit, but doesn't do this on the daily like some of you all. He recommended putting it into Dow Jones index fund, or something of that sort.

Opinions? Ideas? Recommendations? post 'em here or PM me with any advice you'd like to throw out.


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Re: Got $7,500 to invest...help? [Re: Dimmy] * 1
    #8166125 - 03/19/08 11:08 AM (15 years, 10 months ago)

easy, when you know the fed is going to lower interest rates, short the market, hopefully the market goes down due to the interest cut, and you profit!


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Re: Got $7,500 to invest...help? [Re: memes] * 1
    #8166502 - 03/19/08 12:56 PM (15 years, 10 months ago)

I don't know what antimatt3r is smoking, but generally speaking, lower interest rates are a positive for equity/stocks. It so happens that the Fed begins cutting rates at a time when the market is facing headwinds, but the actual rate cuts themselves will typically act as an upside catalyst. Especially at this point, when the Fed has been cutting for months, it is not the time to short the market IMO.

meams, an index fund is a great way to start - low fees, market performance, it's a no brainer, and will allow your money to perform alongside the market (which over the long term is the highest yielding asset class you can own), while you yourself learn about the way the market works and trends.

Read this post I made (link), which I beefed up last week after having received a lot of PM's about where to start when one wants to invest. It'll touch on most of the important points I believe a new investor should learn right from the get go.

Also, you seem to suggest that a Roth IRA is going to offer you "low risk"... a self-directed Roth IRA is the same as any investment account, you have to pick and choose where you want to invest your money. The difference with an IRA is the tax advantage over the long term, which will really add up if you start young. Therefore, I would highly suggest opening your first account as a Roth IRA, but make no mistake, there's no fundamental reason that a Roth IRA will be less risky than a traditional brokerage account, as you are still responsible for picking which specific investments either account will hold.


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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #8167022 - 03/19/08 02:42 PM (15 years, 10 months ago)

Quote:

geokills said:
Therefore, I would highly suggest opening your first account as a Roth IRA, but make no mistake, there's no fundamental reason that a Roth IRA will be less risky than a traditional brokerage account, as you are still responsible for picking which specific investments either account will hold.





How is it less risky if you get to pick them?


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Re: Got $7,500 to invest...help? [Re: Derk] * 1
    #8167426 - 03/19/08 03:52 PM (15 years, 10 months ago)

I think you may have misread my statement.
Quote:

there's no fundamental reason that a Roth IRA will be less risky than a traditional brokerage account




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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #8167847 - 03/19/08 04:53 PM (15 years, 10 months ago)

sorry, I just get too excited sometimes lol =/


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Re: Got $7,500 to invest...help? [Re: Derk] * 1
    #8170004 - 03/19/08 11:52 PM (15 years, 10 months ago)

great info geo. sorry for any misunderstandings i may have prevoiusly made. I'll be sure to read that info in detail tomorrow when i can think properly.

Thanks all


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Re: Got $7,500 to invest...help? [Re: gogrowgo123] * 1
    #8228353 - 04/02/08 12:09 PM (15 years, 9 months ago)

You should invest that money in real estate. Everything else is a gamble.


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Re: Got $7,500 to invest...help? [Re: Techno_Raver] * 1
    #8228766 - 04/02/08 01:49 PM (15 years, 9 months ago)

What makes you think real estate isn't a gamble? As recent events have shown it can be quite volatile. With $7.5K I wouldn't recommend trying to buy actual property, it would barely cover a down payment and the mortgage interest and expenses of home ownership can kill you (see Why rent? To get richer.) You could invest in an REIT, and that's not necessarily a bad idea as there are some good deals to be had at the moment for the long-term investor. But I wouldn't put more than 10% of your portfolio in any specific sector unless you really know what you're doing.

Geo gives good advice. If you're investing for the long-term a Roth IRA is the way to go. If you do decide to buy your first home you can withdraw up to $10,000 penalty-free. And the tax benefits make it the best tool for retirement savings. Understand that an IRA isn't an investment, it's an account which holds your investments. You still pick those yourself and the younger you are the more risk you can accept. Personally I'm 26 and after six months of living expenses in a money market account I basically have all my investments in the stock market. As I get older I plan to buy more bonds and CDs. You can go to an online broker and look at the allocation in target retirement funds to get an idea of what the experts recommend. I'd say go for index funds with low expense ratios unless you really want to take the time to research and actively manage your investments. If it was my money I'd probably put something like $4.5K in VTSMX and $3K in VGTSX but your investing style will vary.


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Re: Got $7,500 to invest...help? [Re: Ythan] * 1
    #8228937 - 04/02/08 02:25 PM (15 years, 9 months ago)

> If you do decide to buy your first home you can withdraw up to $10,000 [from your IRA] penalty-free

And if it's a Roth IRA, you can actually withdraw all of your contributions without penalty, at any time. In addition to that awesome feature of the Roth IRA, you can also withdraw an additional $10K of any profit you may have earned, penalty-free for special one-time purchases such as a home. The Roth IRA is considerably more flexible, so if you're making less than $100K a year (required in order to open this account), it is hands down a much better account to hold than a traditional IRA, in my opinion.


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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #8229010 - 04/02/08 02:42 PM (15 years, 9 months ago)

That really depends upon whether you need the tax write-off now, though. For someone with few deductions, the tax consequences of contributing to a Roth rather than a Traditional IRA could be unfavorable.

I would recommend "pretending" that you made the maximum contribution to a Traditional IRA, and preparing your taxes accordingly. Then prepare them without the write-off, and see what the difference would be. If the difference is minor, then the Roth IRA would be a better choice.


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Re: Got $7,500 to invest...help? [Re: Veritas] * 1
    #8229075 - 04/02/08 02:55 PM (15 years, 9 months ago)

Point taken.


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InvisibleVeritas
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Re: Got $7,500 to invest...help? [Re: geokills] * 1
    #8229087 - 04/02/08 02:58 PM (15 years, 9 months ago)

I'm contributing to a Roth now, and will soon be able to contribute & get a 3% match in a SIMPLE IRA at work.  If my income increases in the future...I mean WHEN my income increases (:grin:)...I will put more into the SIMPLE to reduce my taxable income, and continue my Roth contributions to provide additional tax-free retirement income later.

For now, though, I don't owe any taxes (supporting two kids by yourself will do that), so the "after-tax" income I am putting in my Roth is actually untaxed income, and it will be non-taxable when I take distributions later.  Sweeeeet!  :smile:


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InvisibleTechno_Raver

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Re: Got $7,500 to invest...help? [Re: Ythan] * 1
    #8234760 - 04/03/08 06:28 PM (15 years, 9 months ago)

Quote:

Ythan said:
What makes you think real estate isn't a gamble? As recent events have shown it can be quite volatile. With $7.5K I wouldn't recommend trying to buy actual property, it would barely cover a down payment and the mortgage interest and expenses of home ownership can kill you (see Why rent? To get richer.) You could invest in an REIT, and that's not necessarily a bad idea as there are some good deals to be had at the moment for the long-term investor. But I wouldn't put more than 10% of your portfolio in any specific sector unless you really know what you're doing.

Geo gives good advice. If you're investing for the long-term a Roth IRA is the way to go. If you do decide to buy your first home you can withdraw up to $10,000 penalty-free. And the tax benefits make it the best tool for retirement savings. Understand that an IRA isn't an investment, it's an account which holds your investments. You still pick those yourself and the younger you are the more risk you can accept. Personally I'm 26 and after six months of living expenses in a money market account I basically have all my investments in the stock market. As I get older I plan to buy more bonds and CDs. You can go to an online broker and look at the allocation in target retirement funds to get an idea of what the experts recommend. I'd say go for index funds with low expense ratios unless you really want to take the time to research and actively manage your investments. If it was my money I'd probably put something like $4.5K in VTSMX and $3K in VGTSX but your investing style will vary.




There are several problems with that article, which you gave a link to. First of all, There is no guarantee that a stock price will go up. Second of all, not all stocks make 7% gains per year. Third of all, if you invest in real estate, for the long run, there are many ways to profit. There is a tax break; The prices tend to go up with age, which would also raise the rent prices. So a wise investor would buy a forclosure, and rent it out for profit. Then fix it up a bit, and refinance after the property value goes up. Naturally he would also raise the rents for the tennants. So you could make money from rent, and from the refinancing. If you reinvest the profits in more properties, and follow the same route, you could make a lot more than you would with risky stocks.


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