I’ve been reading this really interesting book that I gotta recommend called “Full of Bull” by Stephen McCellan. It’s all about the secret code and behavior of stock analysts. I’ve known for some time now that stockbrokers and the news that stock analysts put out are not sources of information that can be readily trusted, but this book really lays out the reasons why that is.
Subscribing to thread.
My portfolio has not done very well this year. But in the long term I hope to be laughing :).
okay. Gold really isn’t all that unless you’re already rich. check. Thanks for the help. Looks like the mutual funds might get some financial love sometime in the near future.
-Starhammer-
Question about IRA’s I have both how much should you put in them every year?
I’m put in about 8% to 10% just asking thanks.
Ninja Edit: Subscribing to Thread.
I would make a serious attempt to max out both an IRA and 401k each year if you can. That way you have less taxable income as it is all pulled out pre-tax and you pay less taxes at the end of each year. The problem with this is people also need to eat… so really you should not contribute more than you can afford into retirement accounts, because as mentioned before you can’t pull it out penalty-free until you’re close to retirement!
Also, be aware that if you contribute over the limit for both the 401k and IRA you can be penalized for that as well.
Another great thing about retirement accounts is that you can loan yourself money for certain things. Although this isn’t usually the “best” idea in many cases it can be used for loans such as first time home buyer.
Thanks I have a better idea with my plans for next year I post more questions later peace.
if you had 10,000 usd to play with right now, what would be the best way to make it grow on the market? or would it even be worth it?
I’d be tempted to put it all into AK Steel right now, see my blog for why, but since I can’t be certain if it will keep growing for a very long time, I’d probably put half on Coca-Cola, then the rest split across Wells Fargo, Procter & Gamble, and Johnson & Johnson.
Las Vegas Sands (LVS on the NYSE)
there latest headlines makes it seem scary to go in lsv though, heh. cd if i did what you just advised, how long should i wait before checking to see if it has grown? like 3month 6, a year?
There may actually be something to this. I don’t have enough information at my fingertips to say right now. They’re having a bad year to be sure, but they had a couple of decent ones before it. I’d have to go look at some value line information for more details. What stands out immediately as a problem is that I can see that their operating cost has been steadily increasing, and I’m also concerned about the amount of debt on the balance sheet.
It seems as if they were gearing up for a boom that didn’t materialize, but as a result can be had at a low price. Perhaps future years will be kinder to Las Vegas. When I shop for things I like to see consistent earnings growth, but if I were going to speculate on something, this might be a good choice.
10-15 years or longer of good returns is what I’m aiming for. I think I might replace Procter & Gamble with Unilever though. I just checked on the price and noticed it’s selling for 1/4th the cost. I’m sure that growth rates will be similiar, but the price you pay is what determines your returns.
invest in stocks. my friend invested 7 grand worth of stocks the past month and he’s already made a bunch of money. if you have a ton of money laying around right now is the best time to do something about it. i’ve invested about 2 grand this past few months and have doubled my money back.
This thread makes my money loving, greedy for the green stuff side horny. :lovin:
another question I have is this: You have $300 USD coming to you every month that you can afford to litterally throw away. Since I have no intention of doing that, I’d like to know if I can have an automatic setup so that it’ll go to this stock or that investment, etc. If so, give me some locations to go to get it started. Oh yeah…
http://cd-vision.livejournal.com/ CD ain’t foolin’ around. dude buying up some shit like this is monopoly. :woot:
-Starhammer-
You can open an account at ING Direct; if you set it up with direct deposit, you can schedule withdrawals into a money-market savings account (no minimum balance) or also open an account with Sharebuilder and automatically invest $x into whatever stocks you want every month.
Hehe. Those free trades were just impossible not to take advantage of. I have run into a bit of a brick wall now though. Wife just lost her job 
If she’s not working soon I’ll have to sell some. Yuck.
http://www.investopedia.com/default.aspx Finally able to give something to the thread. for those who need to learn a little about how to invest, this site should get you the knowledge you want.
EDIT: @CD… Pics of the wife in the unemployment line or it didn’t happen!!! 
Just joking. I hope She gets a new job again soon. We gotta get a SRK millionaire on this site sooner or later.
-Starhammer-
Before I’d tell people to even read anything on actual investing I’d have to say to read something like Think and grow Rich just to understand the whole mindset to making money and why you do what you do.
Hopefully gonna make a million this year for myself after paying the clients; this terrible economy has me thinking I’ll make twice as much money this year than I had originally anticipated.
That’s the kind of talk I like to hear. :tup: what exactly do you do if you don’t mind me asking? I’m thinking of taking some courses that lean towards money making and it sounds like SRK has some people I need to talk to.
-Starhammer-
Welcome to thread:
Divine Tenken
Tonren
Starhammer
jason3202
Sharktongue
aiy1tm
xX_Deus_Xx
If i miss anyone else i apologize.
I know that this place got the ball rolling especially with the shitty economy we are in. Hopefully things will get better for us all.
If you have the chance check out some of the suggestions earlier in the thread if you can.
this been bugging me for a long time now. i wanna see what you guys gotta say.
is it best to go full time and get your bachelor degree and then look for a good job
or go to school part time and work 2 jobs at the same time?
the problem with part time is that it’ll take forever to get the degree i want.
i work 2 jobs and went to school part time. now i decided i’ll go to school full time, that mean i gotta quit one job and keep the other while going full time.
what you guys gotta say about my problem? any tips?