Investing is fun, i have a mix of stocks, some high yield, dividend reinvestments, and the rest speculative. i like being able to invest smaller amounts into cheaper stocks with lots of upside.
One i like, is novamax, i bought at 1.20, and its at 2.01 now and was higher.
Another is Liquidmetal, lqmt, its at 8 cents right now, and has a deal with apple for them to use their liquidmetal tech on their iphones, the liquidmetal stuff is said to make stuff basically indestructable.
Of course, cheaper stocks are cheap for a reason, and are for people that can afford, or are willing to take risks, which i enjoy. Im pretty poor but the money i can afford to invest, i feel , besides my dividend stocks, i want to gamble on speculative stuff.
Anyone file for chapter 7 bankruptcy before?
I think I make pretty decent money at the moment, and my expenses are low. If I can stay doing this line of work and keep the same lifestyle, I think I can save about $10-15,000 a year. Iâm 32 now, so maybe by 40 Iâll end up with $100,000 of my earnings saved. Other than a CD, how else should I invest my savings?
And whatâs everyoneâs thoughts on âlazy portfoliosâ?
Shit, thats good bro. Iâm no expert in finance but I do read Money magazine(everyone should read this awesome mag) every now and then and the first thing they always recommend is save enough $$$ first to realistically survive for 6 months should u get fired. One you have that aside, anything after that is straight savings/investment etc. Keep it up Taito.
Iâm in the same boat as you except I saved abit more(~50k total between money market/savings accnt) and no major debt(just finished paying up college loans). The online-only banks are the ones that gives the highest cd rate nowadays. I do that âlazy portfolioâ; last time I adjusted my portfolio was like 5 years ago: 65% stock/35% on misc stuff. YEa it seems aggressive but I look at the quarterly reports now, things are slowly coming on the up and up. Historically, experts states the market comes up in a positive note in the long run. I read that around your mid 50s/60s/70s is when u adjust it to be more conservative. It might sound common knowledge to others but shit, I didnât know.
Speaking of stocks, anyone bought any from the 3 major company during this whole E3 thing/next gen thing? Dat SONY play wouldâve been good( mMmm⌠in @17.00 out @23.00). My measly 5k is currently tied in FB(âŚshouldâve fuckinâ sold it when it hit @30, I was in @ 24, was hoping it would go @34.00 mark)!
lazy = mutual fund
You can even get funds that have a target date and will transition from stock-heavy to conservative over a period of 10 or 20 or whatever years.
Iâm making a killing with JP Morgan stocks. Bought shares when they were 34 a pop. Nobody believed that they were going to soar!!!
Anybody have experience with eminiâs? I think thatâs in futures? Some customer would always rant about it to me
Anyone know a Good book for personal finance?
Iâve been looking to buy a house. You guys have any pro-tips for me?
Do credit unions charge you a monthly fee for an account that is under $1500 and with no income? Bank of America does. Iâm wondering if I should eventually move what little I have elsewhere.
No fees here. Youâre getting robbed.
Iâll admit I was bit saddened as the vid kept going. At least at the end he wised up.
We are having a hard time saving up since we had our 3rd child. Its like we are living paycheck to paycheck every month. Last year we saved $20,000+, this year maybe $1,000 only so farâŚWe should be saving around 40k a year i dont know, bills, college fund, property tax, etc⌠is depleting our funds. It doesnât help that most of things we bought 11 years ago are starting to breakdown so we are replacing themâŚ
What is usually a good amount to have in a savings account?
We havenât prepared for retirement, what are some things we can start putting money into?
I have a couple thousand dollars im not using at all in my spending account(money i can use on whatever) there really isnât anything i want to buy right now, might as well try to make some money out of it. Any ideas?
Saving around 40k a year puts you in better shape than most people. Thatâs an absurdly high number to be honest.
You need to start participating in your companyâs 401k program or find one on your own and give the max tax deductible amount immediately. Both you and your wife. Traditional IRAâs: the contribution you make is not taxable but if you pull it out before youâre 55 itâs taxable with a large fine. Roth IRAâs are the opposite. Now is a really good time to invest because US equities are dirt cheap.
A good amount of money to have in your savings account is 3 months of expenses. In the event of disaster, this is the rule of thumb.
^You switched those up a bit. Traditional IRA contributions are tax deductible and the distributions are always taxable (the penalty occurs if you withdraw before 59 1/2, with exception). Roth IRA contributions are not tax deductible and the distributions are non-taxable. Depending on your income levels, you may not even get a deduction for the traditional IRA contribution, but you can always make a non-deductible IRA contributions (a portion of your distributions will be non-taxable). Company matched retirement contributions are typically the best tax deferred retirement plans, but kinda tough to find if you work at a small company.
And raise your three kids to save money and be your safety net heh.
Iâve been looking for this thread for a while.
Anyone got any links or info about stocks? A âStocks 101â infodump, if you will.
stocks.about.com/od/1/u/InvestingBasics.htm. Investopedia.com has a lot of good intro articles, but itâs scattered around.
because it might be of some importance to those of us who read this threadâŚ
-Starhammer-
Dow Jones is up 15k folks; anyone else out there getting on the positive side finally? I know I am; that FB stock I bought @24.00 earlier this year is now up @41.00⌠Holy shit 
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