Stocks, Mutual Funds, etc
- Thread starter xtop
- Start date
to be honest i have no idea. our stocks are all over the map. it's always good to spead it around.
If you want less risk, especially with this economy, money market/mutual fund would be a lower risk than jumping into buying/selling stocks. It takes a lot of work/research to sell/buy at the right time. Me personally, I prefer the money market/mutual fund route since I can just let it sit there. Don't have the time to check stocks all the time throughout the day.
one of my parents friends is a day trader for his profession. basically, he sits at home all day and watches the stocks hes charting and does short term buying/selling.
i always asking how his gambling is coming along
i always asking how his gambling is coming along
That is pretty much excactly how mine is set up. I had inside info of a stock going up and I just didnt have the extra cash flow last year to dabble in it. It went from $2.85 a share to last I checked maybe $12 a share.
wow, do you know how to miss an opportunity or what?
When the market tanked last year was the time to jump on stocks.. GE, Ford, GM, Bank of America, Wells Fargo ... all of these stocks started to plummet to levels that just were unheard of. Now if you had invested in them, you'd of at least doubled your investment.. in the case of GE when they hit $5 a share they are now back at $16, essentially tripling your investment
Now if you buy in, for the most part, you'll see very little movement over the course of this year.. the recovery is going to be slow - you're looking at a 5 year period before anything significant happens.
I dabble and watch the stocks from time to time... I got some pre-tax pay that goes around into mutual funds/common stock for my retirement. There's an online investment game that you can play which works off the real time market to test your mettle before using your real money.
EDIT: Woops! Here's the link to that online game I was talking about Virtual Stock Exchange
When the market tanked last year was the time to jump on stocks.. GE, Ford, GM, Bank of America, Wells Fargo ... all of these stocks started to plummet to levels that just were unheard of. Now if you had invested in them, you'd of at least doubled your investment.. in the case of GE when they hit $5 a share they are now back at $16, essentially tripling your investment
Now if you buy in, for the most part, you'll see very little movement over the course of this year.. the recovery is going to be slow - you're looking at a 5 year period before anything significant happens.
I dabble and watch the stocks from time to time... I got some pre-tax pay that goes around into mutual funds/common stock for my retirement. There's an online investment game that you can play which works off the real time market to test your mettle before using your real money.
EDIT: Woops! Here's the link to that online game I was talking about Virtual Stock Exchange
well while the economy took a ****, i got laid off. so kiss my ass
but its supposed to be a long term investment anyways, i'm not looking to become a millionaire overnight or anything
Well I'm sorry you got laid off, but since you were going to be sucking on the nipples of the gubment titty you could have taken whatever you had and plunged in for a good jump start on your long-term with a nice double or triple return on your investment.. and then roll that over into your longer term investment...
To be honest the best advice I can offer is to pick a few companies you like, then research their 5 and 10 year return rates... do some research on their current dealings to see if they are planning to grow, if they have any R&D projects that show promise, etc... Anytime I hear of a new technology or a new medicine I'm always eyeballing the company to see if they're publicly traded and if so, the timeline they expect to bring the product to consumer's hands... Tech and medicine are huge industries to invest in
Well I'm sorry you got laid off, but since you were going to be sucking on the nipples of the gubment titty you could have taken whatever you had and plunged in for a good jump start on your long-term with a nice double or triple return on your investment.. and then roll that over into your longer term investment...
To be honest the best advice I can offer is to pick a few companies you like, then research their 5 and 10 year return rates... do some research on their current dealings to see if they are planning to grow, if they have any R&D projects that show promise, etc... Anytime I hear of a new technology or a new medicine I'm always eyeballing the company to see if they're publicly traded and if so, the timeline they expect to bring the product to consumer's hands... Tech and medicine are huge industries to invest in
if only getting half my pay would have done anything but plunge me deeper into debt
but yea..i think i found a couple of mutual funds that should suit my needs. they've got low entry points, so not all too risky. especially considering my savings account is 1.25% lol. sigh..i miss the days of 6.5%
