SEC/FINRA
We see it before you or they do. Hence the reason I can’t have fun in this thread like that.
That’s too bad. I really enjoy investing in stocks, I dont think I could give it up for any job (unless it was a gateway to early retirement, of course).
Ever think of quitting and investing yourself?
We have private investments. Also our benefits/perks are hard to top…very hard to top. Funny thing is I don’t like all the investing since I get to see the back end of it all but it is knowledge ive absorbed so I will always have a hustle if need be. An dealing with the music industry as a side thing I deal with enough ‘cut throat’ antics as is… an if youre dealing with my money i tend to be a lil bit overbearing (ie im not a chancer if im not 96%+ chance of winning/profiting).
So after bills, food, vacation savings, & kids tuition, etc…We got about $4,000-$6,000 net left…What should i be doing with this instead of saving account or tucking it the under mattress…
For you FB stock bruvs: http://www.businessinsider.com/chart-of-the-day-why-facebook-never-fell-below-38-per-share-2012-5#ixzz1vGrdY45H
Good shit Koop. I kinda figured you were in the “loop” somehow. But im on the fence on FB too. Right now it closed at $38.23. At least I know I can place it under my Automatic Investment plan if i ever decide.
Speaking of investments, is anybody here into any avenues like GrowVC or peer to peer lending?
a month?
Yes this per month…
Depends on what you have/want. I think i’ve stated before in this thread, but you take HALF of what your net is and put it into savings, the other half is what you can “play” with. Always keep at least 1 year of bills in an account (in case you lose your job, your not going to be broke by living paycheck to paycheck)
What are the overall thoughts on investing in Mongolia?
I’m still keeping my eye on FB. Obviously this still has some serious potential if they play their cards right. Any word on what their plan is to justify their worth? If they open a Facebook store to compete with Amazon, that would changes things dramatically.
Ya’ll need to forget about FB. There’s too much hype around that stock, so someway, somehow, you’re going to get the short end of that stick.
As to investing in X stock or Y country/asset, I only have this to say: the differences between them are flavour. “Which” investment you pick has very little to do with being successful. Rather look to improve your timing, or getting a feel for the flow of money. You are otherwise buying into media/analyst hype (i.e. buying high and selling low).
My last post in this thread touches on this. Which ETF, fund, country, bank, etc. you pick is flavour at best. You may find some better deals, but I have found no correlation between choosing the “right” investment and superior returns except in unusual cases (the Googles and Apples of this world). Trying to make bets on which company will go stratospheric is a fool’s game though, imo. You’re wasting precious time if you think you can pick the next Apple. But if you think you have it through whatever means you have used, then don’t listen to anyone else, and just put your money in there, stat!
And good shit, Koop. I’d love to be on the inside, lol. Hell of a lot of BS out there about the market, eh?
Yeah, it looks like FB’s star is fading fast… if only they would follow my FB store idea.
Great post.
FB was a joke from the start. Every last of those morons whom purchased them without the proper research has failed. I dodge a serious bullet. What stop me was the GM situation. It doesnt help that zynga is trash in the stock market too
Those wind turbines have reliability issues. As of last year, wind turbines were inexplicably seeing bearing failures, I don’t know if the matter was ever diagnosed. They were also having reliability issues with the planetary gear system which is why manufacturers have stepped into direct coupling which causes the generator to be three times bigger than it used to be. Last time I checked GE was going into turbines producing several MW offshore. Those are quite gigantic. I don’t have figures on hand but please note that it takes the engineering, manufacturing, shipping and trucking, and erection before those turbines are up and running. I don’t know if the “clean power” production is ever enough offset the “pollution footprint” that this whole process takes. Please also note that wind turbines will never generate enough power to run our society but merely supplementary. Also, those turbines are also government subsidized and as such leads me to believe that they are not economically sustainable. That said, I don’t think it’s not possible however if the government stops subsidizing, this whole thing might just drop off the cliff. Technological advances don’t hurt such as composite made blades for lighter and longer blades as well as improving power to weight ratio and resolving reliability issues. The players are GE, Vesta, Gamesa, and I’m sure there are other people out there. It’s a small market and the chances of making it big makes me say “meh”. There are also people out there trying to come up with alternate design rather than the traditional three bladed machine but the ones I’ve seen have no chance of working.
Oooookay, now I have a question for you folks. How do you guys manage y’all’s student loans? What’s y’all’s strategy? I’ve seen guys just take a long time and that was fine and also some guys pay a lot every month that was fine too. I mean I could live in extreme austerity and pay them off quickly but then I would have to sacrifice some side-projects of my hobbies of mine. Thought, suggestions?
EDIT: Ara? I thought someone was asking about wind power generation… The post is actually 4 pages back.
If it was wind power that probably was me since I had interests at one point. But i didnt really research the field as much as I liked.
For student loans just place payments around your budget and you’ll be fine.
Okay so here’s my situation. I’m a professional musician which means my pay isn’t steady, but when I do make some, I don’t do too bad. I recently cashed in a mutual fund that wasn’t really doing anything and I’d like some advice on what to do. I have about $12k in my savings account but I was thinking about opening up a high yield savings (Orange or something like that) though with the current rates being under 1% I’m wondering if that’s even worth it (though probably more worth it than keeping it in my brick & mortar savings account, yes?) I have a bit of credit card debt that I want to pay down, but I was also thinking of investing in some stocks. My plan was to go to Charles Schwab or something and talk to an adviser there or something.
So what do I do, keeping in mind that I want the money I DO have to work for me more than just sitting in my savings account? Thanks in advance for the advice!
A few questions:
- what does “not doing anything” mean?
- I assume, since you had money to put in a mutual fund, that you have an emergency fund?
- Since you have already done some investing and shouldn’t need the psychological jump start, I would prioritize paying off that credit card debt. You are almost certainly paying a higher percent in interest on that card than you would earn from most managed, reasonable risk investment opportunities.
Not doing anything means just sitting in my savings account with a close-to-nil interest rate. The money was put in the mutual fund by my grandfather. So it wasn’t really mine. 
I only cashed it in because I was having a bit of trouble financially, but I don’t want to just have it sit in my bank account when it could be earning even a little bit more interest.
I got an offer for another credit card from my bank that offered a 0 interest for 12 months on balance transfers so I was thinking about transferring some of the balance to the new card, paying it off so my balance is a bit less on the cards I owe for then trying to invest the rest in a portfolio. I’ve got a possible big gig coming up that’ll pay a little more regularly than what I’ve been doing recently so I’m hoping I can just kinda use the mutual fund money to pay down my debt/invest.
I do want to pay off what I owe credit card-wise, but I’m not sure if squandering all of the money to pay that off is the right move or not. Thank you for the advice Warpticon.
ah. The money thread. Good to see you again.
Good news: Finally got my money. actually came out to $8000, but I might save it to get a house. Other good news is that I’ll have a few hundred extra per month as well.
More good news: I managed to score a copy of the motely fool’s investment guide for only 25 cents. Yep. that’s right. 25 pennies. two-bits. a quarter. 'Oldschool tokens. I’ve been reading it and understanding. I’m still not ready to jump in and invest yet, but I think it will be much sooner for me to reach that point than if I hadn’t gotten the book. Thanks to all who suggested it to me and hopefully, I’ll be able to make dollars out of the proverbial Fifteen cents. :tup:
-Starhammer-