Let's talk about money - The Finance Thread

I always wondered just where people take these kinds of ideas to. I know there are venture capitalists out there who would do it, but shoot I dunno where to find one. How much does it take to fund something like this? In the meantime, I guess the thing to do is start making friends on facebook who share an interest in investing.

money sucks.

you either live to save it or burn it up, in either event you end up missing out on a big part of life.

I was curious and I came across an article that discusses that. As of right now they have filed their IPO. Also the company that was apart of the motion sensor tech for Nintendo has filed as well (Invensense)

Tech IPOs Turn In Mixed Performance - WSJ.com

I’m waiting patiently once I have the opportunity to be apart of it

Truer words have never been spoken.

i worked for a while as kind of a ā€œfixerā€ for complex financing deals… its weird, u just kinda meet ppl and then it makes sense to start working, i dont know of anybody who says ā€œim gonna start getting ppl moneyā€ without knowing ppl with money to begin with.

our initial project is estimated to cost us 18k minimum for seed funding which can come from friends/fam, Angel Investors or Accredited Investors. If a VC gets involved its the Series A funding which gets really interesting because your talking about soft million amounts ranging from 500k to 18 mill. Just really depends on how solid your idea truly is and if a investor sees the potential in your companies future revenue.

Shit if you think about it Twitter has Absolutely no Business plan as to how they can generate solid revenue. They launched literally without a plan just by having a solid network of people. This year alone like literally last month they were able to close 2 advertisement deals.

Alght, credit is completley whiped out by years end. This will ā€˜free up’ about 600-750 bucks a month. While there are different things I’m looking at doing financially (the biggest being going back to school), the other thing I’d like to do is to finally start investing. Truth however is I’m a complete newbie at it, and know absolutly nothing. Is there a website that ya’ll co-sign that will inform me on what I need to know in terms of what it is, how it works, the different kinds, first steps, etc? I’d greatly appreciate it. Can’t spend too much time on SRK today, but sometime this week I’ll go back and read thru more of the thread.

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I am in extremes amount of debt due to my education, all Stafford loans, many small ones. Any recommendations on my choice of action with this? I want to look into loan consolidation but I have no idea where to even begin, figured I should ask around here.

I’d start with a 401K; which should be available from your job.

Congrats on paying off your loans. The closest thing I can recommend for research is checking out Fool.com: Stock Investing Advice | Stock Research. I’ve never used it, but I did learn basic knowledge from a Motley Fool beginner investment book my dad gave me when I was young. The traditional advice is to invest only the money you absolutely don’t need in the near future, because you will likely have to ride out some down turns in the market. You won’t want to sell at a lost to pay for an extra class, car repair, emergency, etc. An extra $600 is a lot to work with, but you might really only have $100 or $200.

FYI you have a lot of research ahead of you, but it’s absolutely worth knowing. If anything, you’ll learn a lot about your money management skills and your tolerance for risk.

Yeah, it’s going to be a while before I really start taking the investment plunge, because like I said I’ve got a kid on the way and I’m still o nthe fence about going back to school, so who knows exactly where my money is going to fall, but it’s something that I admit I know very little about and want to read up on so that I can use that information to help figure out what I should/shouldn’t do.

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If all your loans are Stafford Federal Loans, you can talk to your financial aid counselor from where you graduated about loan consolidation or you can directly go to the department of education’s federal loan website. WWW.DL.ED.GOV redirect page and look into consolidation options there. I would recommend going through the government to do your consolidation over a private bank right now since private institutions are really in a bind and probably not looking to take on student loan consolidations without a higher rate of return (i.e. higher interest rates for you)

Whenever I come across an investment or tax term I’m not familiar with, Investopedia.com is usually a big help. :tup:

Two books I read and recommend for new investors: Mary Buffett’s ā€œBuffettologyā€, and Benjamin Graham’s "The Intelligent Investor. They will teach you the most important things you need to know before you run off and make the same mistakes every new investor makes.

My friend is getting me into sports betting. He has access to a some cappers. So far, he has a pretty good win to loss ratio that’s raking him some nice side income. He’s nice enough to share with me prediction and statistical data that he has paid for. Has anyone here done this sort of thing? I’m looking forward to to start soon. I’m saving up some spare cash to do this for fun.

If it’s as good as he says it is, I wouldn’t mind living off this. One can only dream. :wonder:

hmm
grabs tablet
writes all these books and websites down

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Maybe you people can help me understand the following situation:

I recently inherited some investments/Stock from a relative. To be a little more specific, they are hundreds of shares of ā€œWorldwide Health Sciences funds class Aā€. I assume those are whats called stock. And they are handled by a company called Eaton Vance. So, does that mean I am a shareholder of Eaton Vance, or just a customer? What company does ā€œWorldwide Health Sciences fundā€ belong to??

Even though I am an Accounting major, I know almost nothing about finance yet. And I’ve never handled investments nor do I understand what investment firms actually do with people’s investments.

Eaten Vance are money managers. Worldwide Health Sciences is a mutual fund that is compromised of probably pharmaceutical, health related, etc. companies. You’re just a customer that pays them to manage whatever money was original invested by your relative (now yours); you can decide what types of funds you want to invest in, but they decide when and how to buy / sell underlying stocks. When you want to cash out, you’ll tell the manager to sell your stake in the fund.

Their fees vary - it could be a fractional share (e.g. .05 %) of the assets and/or other transaction fees. They’ll charge you regardless if they are actually making you any money. Depending on the account type, you will get taxed on the realized (i.e. sold) gain and other dividends even though you will not receive any money (because it’s just reinvested into the fund).

I got a question, should the man always pay for the date? Ive been taking bitches out like every weekend for the past month or so and its been like 60- 100 + bucks each time.

It’s not enough to understand the numbers, it’s in setting the right attitudes. Do yourself a massive favor before they start cramming the efficient market theory down your throat, get Benjamin Graham’s ā€œThe intelligent investorā€. You have a major advantage by understanding even the most basic accounting. And you will earn more as you learn more. Look for the most recent edition with the notes from Jason Zweig.

And what remonster said about your fund manager is spot on :smiley:

Sounds like a better question for Tom Leykis or Tariq Nasheed. I got a laugh out of this though. Opinions vary, there seem to be some girls who have absolutely no problem putting out for dates that they paid for. I can’t comment too much these days, I got married so my game is all broken now.