Let's talk about money - The Finance Thread

Shit’s about to go down (literally)

Even precious metals and US markets are down. Looks like we’re headed back to 2007/2008 folks!!!

reminds me of this song…

“…down, down, down…”

Turning on automatic transfers to my savings account was the best thing I’ve done so far this year.

In just 5 weeks I’ve been able to pocket a little over $600. Just a little more austerity in my finances and Might be able to pay off my student loans before I’m 40, if I’m lucky.

Now just waiting for greece and the euro to implode so interest rates will rise.

Yesterday I was hearing about the “computer” issues among the NYSE and then something happened since the merger of Kraft and Heinz

I put 50 grand divided equally in two blue chip stocks that pay pretty good dividends. Plus I’ll most likely be able sell them later for more money. Stocks have risks but the pay out is better than letting your money sit in the bank.

https://www.cccu.coop/rates/savings-investment-rates.html Is this your credit union? It looks like it caps out at 1.3% ?

No I am with Cinco.

http://cinco.org/?page=rates_savings

Thanks I found it! I bet I’d have to file taxes in Ohio though if I had an account with them, that’s not really worth it, lol. http://cinco.org/?page=rates_savings Also looks like 0.05% and not 5%? I figured it was probably too good to be true! Not flaming you or anything I really wanted to find this Golden Bank of El Dorado that was paying 5% on savings.

Yeah I should have clarified with that, that was my mistake. I think it was one of the better ones at the time (most were only giving .01 or .02%). But I am with you on that. I mean I know me and my wife just opened a savings account with Ally. Their rates are pretty good as well. In all honesty savings is the “safe” way for me to invest in a sense. I would love to start looking into stocks and what not, but it feels like a gamble to me. A co worker of mine is into stocks and legit invests and what not, but he also gambles too. But dude most definitely hipped me to game on some stuff with getting started.

Actually this week I am considering trying Investopedia’s stock simulator to get a feel for how investing in stocks work. I know they start you out with 100k virtual cash and you kind of learn as you go. Has anyone else tried this?

http://www.investopedia.com/simulator/

I have a friend who is mentoring me on options trading, I have a small account and am not doing anything too crazy. Options trading basically treats the stock market like a horse race and you pick winners and losers. I have read 2 books on options trading and am willing to giving it a go, but I am not willing to gamble with a whole lot of money or expose myself to too much risk. It’s been interesting to learn how the market works, but unless you have an EFT machine connected to Wallstreet by fiberoptic cable, you shouldn’t expect too much, lol. I honestly, have exhausted all other avenues of investing at this point, and really have no where else to put money.

A guy I work with flips cars. Which I find interesting. He basically restores and sells them. Another guy made his living by selling stuff on eBay. Now he owns an arcade and arcade bar.

You guys post here:

And on other CNBC threads? Some of the banter is hilarious

Same plan here, except I’m building up to the 50k. Gonna take some years, but no worries. I ain’t going nowhere, and who knows? by the time that I build it up according to the plan, I MAY be able to make it a little faster via one or two other stocks. Time will tell.

-Starhammer-

Give me a location. One thing I can do drunk is rewrite highscores.

-Starhammer-

Its in Cincinnati. The dude has really come up and actually has a dope business. I remember when he first started and to see his business grow like it is, is quite a treat.

So I have been on saving a lot of money and really working a lot. My job has unlimited OT, so I am taking advantage of that. Been focusing on really getting our funds together, so when my wife graduates from grad school we can go ahead and have a down payment for a home.

Also we have an ally savings account. We are gonna start putting small amounts of money in there at first to see how well we like it, with the daily compound interest.

This is an area I want in on. Only because each time I buy or sell shares in a large quantity my stock broker takes payment for 1% of the total value. This kills my profit margin when doing short-term trading. If I could remove the middle man I could theoretically just retire and trade blue chip stocks from a developing country where the cost of living is dirt cheap.

Dunno how many of you guys check the Lounge thread but I posted few weeks ago about my new job. You are looking at the youngest senior System Programmer/Analyst to one of the best computer science college in the United States! 85k+ starting salary, 5k sign-in bonus, 401k-like retirement, full health benefits, month+ vacation etc the works.
Update them resumes bro; that’s how I got this position. I finally responded to one of those recruiter job offer email and 3 months later(they were very anal with the job interview!), got the official ‘You are hired nigga!’ email from HR. I’m already living comfy with my current 75k a year but an extra 10k wouldn’t hurt; will have more $$ now to gamble play in my stock account.

Excited but nervous as fuck; they have such high expectation but I’m sure I’ll manage.

Congrats homie. I actually just updated my resume. Looking for a job with better pay do I can save more a have a more comfortable life for the fam.

yea man- the key is to look at your current skillsets and do research on the internet to find the buzzwords for those skills. Recruiter love using buzzwords when they search for a candidate so if you have those tags in your profile, you will most likely get notify when a job position comes around. That’s what I did with my profile last year and the job offer emails I receive significantly increase afterwards. In fact, the day I accepted the position, a few hours later I received yet another job opening from another recruiter. It was cray.

What’s the lesson here? Stay in goddamn school kids and get that paper! That shit unlocks so many opportunity. The future is so goddamn bright I need to wear shades.