Go to school full time. What major are you taking?
Work Full-Time and go to the School Full-time even 12 credits is considered ful-time. Besides it will look good once you graduate.
go to school full time so you can finish earlier and hopefully land a good job with good pay.
so basically what youāre saying is that i put it on popular companies? you think my money will safely grow that way? i think i like those low-risk ways of investing my money.
what about banks? you donāt invest money in banks right?
Popular companies is not the right word to use. I look for these āconsumer monopoliesā so to speak. If you want a real easy way to spot a consumer monopoly, stand outside the supermarket and think about what brands, if they chose to stop carrying them, would drive customers to their competition and put that store out of business. Coca-Cola, Pepsi, Frito-Lay, Kraft Macaroni, Hershey bars, Wrigley Gum, Tampax, Tide, GE Lightbulbs, Pace Picante sauceā¦this can go on for quite a while.
The makers of these products are all companies that earn very good profits, and good returns on equity. The difficulty can finding them at reasonable prices. When that happens you can buy and hang on and make awesome returns for a very long time. Most people buy a stock with some idea in mind, this intrinsic value where theyād want to sell at. These kinds of companies increase that value over time. That combined with the amount youād lose paying taxes on your gains makes holding as long as possible much smarter.
Nothing wrong with banks, the afformentioned Wells Fargo is a bank, fyi. Theyāre a best of breed with a great balance sheet and very little subprime exposure. Iām also pushing Unilever (UL) over Procter & Gamble right now. The price difference is far too good to pass up on.
Iāll tell you straight away, I didnāt unmask these companies, Buffett did a lot of the hard work for me. Doesnāt mean itās wrong though. Thereās lots of other ways to make good money on stocks in the shorter term, but those kind of things should be the cornerstone.
thank you thank you. glad to be here.
ā¦as always, gotta show some love to CD_Vision. Once I become a millionare, Iāll be honored to put sand upon someoneās vagina in your name.
-Starhammer-
Youāre too kind, but I guess itās better than being attacked in the wall st. thread. Iām just trying to be helpful. I read a lot of books on this subject over the years and Iām starting to really get a handle on it now. Bonus, the wife might be working again soon.
I should probably take a second to mention, the afformentioned speculative play on Las Vegas Sands, you might want to know that management is talking about declaring bankruptcy because of how much debt that they have, so that they can focus on new properties they are developing in foreign countries. In other words, because they borrowed so much money, their cost of doing business is interfering with their ability to be profitable, which is sort of what I was describing in their balace sheet.
This is why I donāt ever speculate. Your starting point when choosing a good investment should always be a steady positive earnings history.
Thanks Iām also glad to be here.
Quick question where is a good place to buy stock? I go through family most of the time but I would like to try myself thanks in adv peace.
Ninja Edit: if anyone has any stocks that would be smart too buy into plz post it thanks.
Unlike the posers in this thread, I actually know what Iām talking about.
If you have generous financial aid, a place to live and so on (that is, if itās financially possible) have as little work as possible. And if you ARE going to work, try and get an on-campus job (most of em pay wellā¦at leastā¦better than minimum wage) or (even better) a paid internship. You want to be in school as much as possible.
Make friends with the financial aid officers and academic advisors. That way you can cheaply move through all the right classes.
And donāt be afraid to take summer/winter classes. Thatās probably the most important thing.
Iām out there hustlin!
Damn man I really want to finish my college degree so I can hit up a new job for some PAPER. My GF and job takes a shitload of my time though. I had to drop my college class because of it ughā¦ (itās a mandatory class and I will have to pay next time I try and take it)
I need to get my priorities straight, but I am happy with my GF and current job. I need to find a way to make some money on the side.
Totally feel you on this man. Scary times right now. I donāt have ideas for a second income, but I do want to suggest something. Learn to live as frugally as you can right now, while you donāt have all that extra cash, and when the money situation improves, donāt change your habits. That way you can maximize the amount you put away into investments for your next downturn.
Thatās something Iāve had to learn to do the hard way.
I just got the 3rd quarter report for Harvest Energy, itās a special type of investment, called a Royal Canadian oil trust. In order to get special tax benefits, it has to pay out a very large portion of itās earnings as dividends. REITs and MLPs work in a similiar fashion.
Canadian Trusts had some trouble earlier this year, mainly from the US dollar regaining strength against the Canadian dollar. Oil has dropped in price reducing oil profits. Harvest had some legal expenses that caused a dividend cut, and with the rest of the market going nuts, has had a very large drop in price.
As a result, you can pick up shares around $8 right now. They pay a dividend every month, right now itās 25 cents, which means they have a yield of over 30% annually. Iāve gone over the accounting numbers in the report, and theyāre solid. Earning power is increasing, debt is reasonable, and the overall business performance is solid, and has been for some time. As an income investment this would be really hard to beat. Donāt be afraid of the P/E ratio being high, it will adjust over the next year.
There is risk, but what weād mostly be talking about is the possibility of them suddenly using up all the oil and natural gas they are pumping. Thatās really unlikely to happen all at once. Plus they keep some of their profits for purchasing other operations and exploration. The other risk is a massive change in the tax laws, also not likely, though it has been discussed. Bear that in mind.
To make this a safe investment, keep it a small part of your portfolio. Iām putting 10% into this, and then use the dividends to purchase high quality companies that you know will be around your whole life. That will hedge you from a loss.
Not sure if this would be a good place to ask, but what do you all think about buying a vehicle right now? Is it better to wait until all this auto industry mess is out of the way or should I not be too worried?
Depends on what maker your talking about. The Bailout for the auto industry is only for Ford, GM and Chrysler. If your not buying those or their other brands then the bailout doesnāt mean too much. I would LOVE to buy a car now since you can basically name your own price cause they need to take the cars off their inventory, but getting a loan from a bank with a some what decent APR is going to be a bitch.
if i wanna quit at my jobā¦ i know usually people give 2 weeks notice. is it ok if i give them one week notice? is that gonna look bad on my resume or anything?
It would have no impact on your resume when you quit a job, itās a matter of using them as a reference. I think itās illegal for employers to disclose impertinent information when called about a reference.
Itās more or less been a constant that paying new car prices is akin to throwing money in the trash. Have the prices for new cars dropped low enough to change this?
Otherwise just buy a used car a year or two old and you should save a ton.
Prices themselves probably havenāt dropped too much, but you can probably work a deal to your liking. The power is really in the customers hands with cars (at least for now)
The MSRPs on new cars havenāt changed. However, the state of the economy has lowered the demand for new cars, so dealers are willing to drastically lower their mark-ups to move inventory. That, and dealerships are also giving fantastic financing options to get people buying.
If you qualify, which from what I heard, most people donāt. Now would be a good time to check up on your credit as well, just to make sure everything is suppose to be there.
Iām serious looking into a BMW nowā¦even a 2007-08 used one is going for about 25-30k:woot: