No short selling? Denied! That’s fucking un-American.
No other thread to bitch about this. Sorry for the thread-jack, Jason.
By the way, if anyone refers me to someone that I do business with, I can hook it up with a gift card for a place of your choice. If you guys know anyone that needs help with any type of insurance, investments, retirement planning, or estate planning, I would appreciate it if you would introduce me to them or let them know about me. I’m confident that I can get people the best prices possible while at the same time making sure they have the right type of coverage to fit them. I know that some of you might think I am a little young to be doing this but I have all of the same certifications as everyone else. I know my shit and I like helping people.
Thanks for reading,
Jason
ok I got a good question for you master of the hair,
I just got offered subsidized loans for my schooling but I don't need them. I thought about taking them and investing the money until my loan start to incur interest in 2012. What is the best way in your opinion to make GUARANTEED money with my loans until 2012? I don't want any of this crap that I'm hearing aboout where they invest their money and then can't get to it because their bank went under ya know? Werd.
Random select winter showdown promo:woot: come and do ya thang!:woot: October 4th! Come get beasted on . . .
Edit- Sam I’ll take them but I wanna know what Jason thinks, since he has investment experience, about the best way to make some guaranteed money.
Take that shit guy. The worst that can happen if you take it is you gotta pay it back within 6 months after your done with education. No interest at all. I made 2k turn into 3k thanks to sallie may.
If you are scared about your bank which is a small bank then go to US Bank or anything secure.
Forgot to note that the loans are about $4,000.
Sorry to get back to you so late Theo. The only real “guaranteed” money out there is really a savings account or CDs. There are other things but if you need to repay the loans in 4 years, those seem to be your best bets. Most investments either have a surrender charge for taking the money out early or any other reason to keep your money tied up. If the money they are giving you is interest free, then sure why not take it? They are essentially giving you an interest free loan that you can earn 3-4% on yearly in CDs or money markets.
S’all good. That’s what I was thinkin about the guaranteed part also. Either a CD or something of that sort. What’s a money market? And what would you do with the money if you were in the situation? Thank you for your post sir.
Also it looks like you’re coming to RSWS. When are you guys planning on comin?
J-Marz,
So the Man AKA Washington Public Employees Retirement System is forcing me to choose a retirement plan.
I have to choose one:
Option 1
Employee contributions: 6% of monthly earnings
Employer contributions: 8.31% of employee’s monthly earnings
Option 2
Employee contributions: 5.45% of monthly earnings
Employer contributions: 8.31% of employee’s monthly earnings
Option 3
Employee contributions: option % selected by employee
Employer contributions: 8.31% of employee’s monthly earnings
Is there some sort of rule of thumb I should follow? I know you keep real, so I ask you to let me know the deal.
Thanks
I used to come across this when I used to work with teacher’s retirement plans. It all depends on what you want. From what you’ve posted, I think there are some things missing. Things I would consider is when you can access the money and the different distribution plans. But just going off of your information you posted, I would put away the least as possible since they will give you 8.31% anyway and anything extra you should invest through me since you will have more control and versatility.
This goes the same for anyone with a 401k. I would advise anyone with a 401k to only contribute up to the max that the company matches and use the extra money to invest in something else.
The thing that is scary for me is that in this 401A plan, I cannot change the contribution rate once I choose it.
I am given several options as to how much I can contribute, and even have different rates as I get older.
So, I can pick from the following. As previously stated, my employer matches my earnings at 8.31%.
Options:
Option A: 5% fixed rate at all ages
Option B: 5% up to age 35
6% ages 35 through 44
7.5% ages 45 and older
Option C: 6% up to age 35
7.5% ages 35 through 44
8.5% age 45 and older
Option D: 7% fixed rate at all ages
Option E: 10% fixed rate at all ages
Option F: 15% fixed rate at all ages
Like I said, once I pick one that is it. I sort of have an idea of what I want, but I figure I let you take a crack at it since this is your field.
Thanks my nig.
Well Pablo it isn’t really up to me to decide how much you should put away. It’s what you feel comfortable with. I do think that it is definitely something you should utilize. Taking advantage of the match and then investing anything extra into another investment vehicle is what I would advise. Good luck making your decision yo.
Get at me!
I am always open to hearing any random advice you feel like giving. Scrilla is always serious business.
Jason, any advice in general for someone who is going to start saving to buy a house. I’d like to move out of my parents in about a years time at most if that is possible. I know I will need a good job first. Right now I make part time college student money, it not really even “income,” but I hope to get a job making 30,000 at the very,very least, and ideally 40,000 something.
I guess I should really start building my credit.
Yeah you definitely need a job before you can start saving for a home. As far as investments that require liquidity within a year, I think just putting your money in a money market or CD would be your best bet. Mutual funds and stuff aren’t doing too hot right now but if you are optimistic, the market will turn around soon and you could get in now while prices are low and sell high when you decide to move out of your parents place. Just make sure to never miss credit card payments and that will build your credit just fine.
Sippin on some sizzzzurp. Just a bump.
Btw does anyone know any business owners on a personal level at all?
Damn, things have changed.
Bump.
Get at me with any questions you guys might have!
All this talk about insurance and investments and JP MORGAN but nigga WTF is up with a JOB?!
Hmmm… Maybe we should create a thread for job openings because I think I saw another thread earlier with someone looking for a job hookup. I’m sure there are people on this forum that have some pull with their jobs that can get others a hookup.