grrr…anybody know of a good work-at-home site? that way I would be set forever.
-Starhammer-
“as if they were small birds that had strayed into a badminton game.”
Warren Buffett’s annual letter to shareholders:
Would you keep your money in a place called Redneck bank? They are offering better than 3% on a money market account…
I’m sure they have a rather “limited” clientele…
I was thinking for sure that was a joke site, but the second link at the top crushed that hope, along with part of my soul. I’m scared now. Very, very scared… :shake:
-Starhammer-
Outside of my stock brokerage, I’ve got two places right now where I keep my personal savings. One is in an online savings account with Citibank, and the other is in Series I savings bonds from TreasuryDirect. With the yield that Redneck Bank is offering, I’m seriously thinking I might move my Citi money to them.
can any you guys help me find a job…
i got a job right now… but feel like finding another…
im not talkin about mcdonald n retail n shit… im talking bout like hospital/bank n shit…
im freshman college… thats it… right now… i want a job work in hospital or bank… i ask some my friend and they say hospital alway need ppl to help lift the dead or some shit… is this true or what…/
I just got a check in the mail from my previous job’s 401(k) after inactivity. It was only live for a little while, so I only got about $200 or so out of it. Dad keeps telling me to start up an IRA or a Roth IRA with it, but I have no idea of any of the terminology/rules associated with an IRA. Anyone with a Cliff Notes rundown of an IRA?
Since this question comes up so much and nobody cares to use wikipedia, fine I’ll talk.
It helps to understand how a regular investment account works to appreciate what an IRA can offer you. In a regular brokerage, if you sell one of your stocks at a gain, or a dividend is paid to you, tax is owed. How much tax depends on the length of time you’ve held the investment, but it’s never less than 15%.
The IRA is an account designed to hold off on keeping those taxes due until you retire. On a $200 balance those taxes aren’t going to break you, but if you had many thousands of dollars it might be a more attractive option. Some people use the dividends from their investments to support their income, so IRA’s aren’t the best choice for them. Also a benefit is that contributions to a certain extent can be written off, but there are caps. If you already have a 401k, it makes more sense to max that out before moving to an IRA.
My advice to you, being just starting here is to open a discount brokerage account at www.sharebuilder.com, and just buy something simple, a market index like SPY for example. Sharebuilder automatically reinvests your dividends for you, so it’s a very easy way towards long term investing goals. Search google for Sharebuilder promotional codes first, they’re always giving away free money.
Would you recommend investing in something like a market index over, say, putting the money in the bank?
I’m getting a frickin 0.4 percent interest rate on my savings account =\
Depends on your personal needs for having cash on hand. However, if you’re going to have savings, at least get a respectable interest rate. The afformentioned redneck bank will take that up to 3.1%, no minimum. Government Series I bonds are yielding 5.6%.
In the longer term, cash is not going to outperform stocks, this is a great time to invest. Why not split your money 50/50 stocks and savings?
Sorry to be such a thread hog, but I wanted to share something that happened today.
Last year when the chinese economy was great, I started looking into luxury items the chinese enjoy, especially jewelry. My wife’s chinese friend says they’re not into gold or diamonds there, but jade is hot. I found a company called the Jade Art Group, trades under JADA.OB, and I’ve been watching them for a while. There does seem to be some value to the company, but the stock doesn’t trade that way. It seems to stay within a range between $1.00-$3.00, and every now and then, just out of the blue drops to mad cheap for no reason at all.
So what I figured I’d do is set a limit order to buy at $1.50, and sell at $2.50, and I’ll just let that money ride on it for a while up and down and see how that goes.
So that little plan didn’t work out, actually. I woke up this morning to see that they had opened at 55 cents, so I was like, “Yay! My order should be filled”. Well it wasn’t, and I didn’t get why. I just went ahead and cancelled my limit order, then put in a market order instead. I figured since the price was lower than the $1.50 I had planned for, might as well buy more shares, so I bought 3 times as many.
Well what I hadn’t noticed was that there was a huge bid/ask spread. The ask is the price that the seller is willing to sell at, the bid being the most an investor is willing to pay. In most cases these spreads are very small, usually only once cent on most actively traded stocks. In this case the ask was $2 a share at the time I placed my market order, and guess what, that’s what I ended up paying. I bought enough to trigger a margin call in my account because I didn’t have the cash to cover the trade. Good grief.
lol? Hog the whole thread if you want. I’m just glad someone is bumping this thread with useful information. Good shit :tup:
I know this was last week, but did anyone see Obama on Leno talk about Finance Majors?
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9130129
I myself am a finance major, and the fact that he says he would rather see students study a major that pursues “things that actually contribute to making things better and making peoples lives better” is a little too much for me. Just because a relatively small number of investment bankers took too much risk does not make the finance major “bad”. What do you guys think?
Not the thread for this
So that EmigrantDirect account I opened up at the beginning of this thread is up to about $9k. :tup:
good knight! Congrats on the 9k! Damn, I wasn’t married when I gave you that advice:rofl:
Hahah now that it’s about parallel with one of my other savings accounts, it’s getting real tempting to tap into it, but I’m hella slapping my own hand when I look at it. Every week, I’m still putting the same amount into that savings, so it’s stockpiling quite nicely. The interest has dropped tremendously as of late, but still, it’s gathering well.
Good lookin’ out, Ace.
No problem at all man, trying to make dem dollars circulate! :tup:
Can’t help the interest rate, when we first discussed it the world economy was doing REAL well, but hey, free money is free money!
Do you guys know much about europacific? That’s the broker/dealer company in which Peter Schiff is the CEO. They do lots of investments in foreign stocks and whatnot.
Anyone have any advice pumping money into this company? For or against? www.europac.net