[quote]jehovasfitness wrote:
If you don’t know what an IRA stands for, I’d spend at least $100 of that $10k on some books about investing. doesn’t have to be boring stuff.
Suze Orman and Dave Ramsey are both authors that I agree a lot with who write in a style that won’t bore you to death.[/quote]
yeah no doubt, its just somethign thats been on the back of my mind. i just figure if i have all this money saved up i should find a way to utilize to make more money.
id rather have some kind of secure funding squared away before i start actually having bills to pay. just seems like a smarter idea IMO.
and to the guy who said houses cost 10K in the US…
a house in a shitty Boston neighborhood like Dorchestor will run for $200,000 and thats a place where less than 50% of murders actually go to trial/ are prosecuted
[quote]hardgnr wrote:
Rhino Jockey wrote:
hardgnr wrote:
Can’t you buy a house in the US for 10k?
Not exactly… http://www.trulia.com/home_prices/
Interesting. New York is fucking crazy expensive.[/quote]
Yup… Massachusetts is also overly expensive for mostly shit houses (read total rehab or tear down) or houses in need of tlc. MA is raising the sales tax 25% on August 1, has 10% unemployment, and crooks in the statehouse; I fucking hate this state.
The dude who said mutual funds are a waste of time is right, plus they take a couple percent of the top also. Bonds are 4 percent. Banks give you nothing. 10k is not even a drop in th ebucket to start a business (i’ve tried). Stocks is where it’s at, but wait for the market to drop to buy in, it’s at its 6 month highs right now.
[quote]LiveFromThe781 wrote:
jehovasfitness wrote:
If you don’t know what an IRA stands for, I’d spend at least $100 of that $10k on some books about investing. doesn’t have to be boring stuff.
Suze Orman and Dave Ramsey are both authors that I agree a lot with who write in a style that won’t bore you to death.
yeah no doubt, its just somethign thats been on the back of my mind. i just figure if i have all this money saved up i should find a way to utilize to make more money.
id rather have some kind of secure funding squared away before i start actually having bills to pay. just seems like a smarter idea IMO.
and to the guy who said houses cost 10K in the US…
a house in a shitty Boston neighborhood like Dorchestor will run for $200,000 and thats a place where less than 50% of murders actually go to trial/ are prosecuted[/quote]
You do not know MA real estate. Dorchester is fucking crazy expensive for the shithole it is. Average livable single is $300,000, Mutli’s in Dorchester go for $500,000 and these are houses that need A LOT of work. Anything cheaper is on the verge of being condemned or is a complete teardown and rebuild. I used to be into real estate, anyone telling you otherwise is straight up lying to make a sale.
As far as personal stock recommendations go, I would go with Wells Fargo (WFC). I have made a killing longing and shorting it. I buy it at 23, then sell it at 25. Been doing that for about 2 months now. When it dips bellow 23, I just ride it out. They report earnings next Thursday…I would recommend buying ahead of earnings. Also, I think it’s a great long term play.
[quote]ucallthatbass wrote:
LiveFromThe781 wrote:
jehovasfitness wrote:
If you don’t know what an IRA stands for, I’d spend at least $100 of that $10k on some books about investing. doesn’t have to be boring stuff.
Suze Orman and Dave Ramsey are both authors that I agree a lot with who write in a style that won’t bore you to death.
yeah no doubt, its just somethign thats been on the back of my mind. i just figure if i have all this money saved up i should find a way to utilize to make more money.
id rather have some kind of secure funding squared away before i start actually having bills to pay. just seems like a smarter idea IMO.
and to the guy who said houses cost 10K in the US…
a house in a shitty Boston neighborhood like Dorchestor will run for $200,000 and thats a place where less than 50% of murders actually go to trial/ are prosecuted
You do not know MA real estate. Dorchester is fucking crazy expensive for the shithole it is. Average livable single is $300,000, Mutli’s in Dorchester go for $500,000 and these are houses that need A LOT of work. Anything cheaper is on the verge of being condemned or is a complete teardown and rebuild. I used to be into real estate, anyone telling you otherwise is straight up lying to make a sale.
[/quote]
i’ve seen them in the paper for $200,000 dude
every house on my block is worth $300-500,000 although with the market how it is theyre probably closer to the 300,000…i still don’t know why my mom doesn’t sell this house she can’t afford. if she could even get 250k for it she should do it just to be out of debt, id rather rent and be debt free and also not have to worry about shithead tenants. but thats me.
My brokerage (CUNA Mutual) lets me make fake portfolis so I can watch them and see how they perform without risking any money. I put together a portfolio based on recommendation from Fox News stock tips from guys like Cavuto, and Ben stein. That portfolio has been outperforming my other fake portfolios and my real ones.
I don’t like to recommend any one stock or fund to people, because it’s like hooking them up with a woman, if things don’t pan out they will blame you. However, I think you might want to check out the recommendations from Fox.
[quote]LiveFromThe781 wrote:
Say i wanted to throw 10k around, whats good right now?[/quote]
pork bellies.
[quote]GetSwole wrote:
There is no right answer.[/quote]
Yes there is, Give it to me.
[quote]and1bball4mk wrote:
As far as personal stock recommendations go, I would go with Wells Fargo (WFC). I have made a killing longing and shorting it. I buy it at 23, then sell it at 25. Been doing that for about 2 months now. When it dips bellow 23, I just ride it out. They report earnings next Thursday…I would recommend buying ahead of earnings. Also, I think it’s a great long term play. [/quote]
Wells is retarded:
http://www.foxbusiness.com/story/markets/al-lewis-wells-fargo-bank-sues/ (I know, it’s fox, but I couldn’t find the original article I read, so I googled it and this was on top) For those of you too lazy to read the article, they are suing themselves. WTF?
I’m not saying you can’t make money doing what you’re doing (longing and shorting), but this kid doesn’t know what and IRA is… He won’t be able to have the judgment on when to get out. (no offense to the OP, not many people would know when to get out)
My business partner’s brother works for their wholesale mortgage department (we are all in the industry) and wells is buying a significant portion of the GNMA 1 and 2 MBS (mortgage backed securities) from all of the recent FHA streamline refinances. In my opinion this is leaving them very exposed to a lot of poorly underwritten loans with undetermined LTV or DTI ratios… Kinda the same shit that got us into this mess. Another round of foreclosures is coming - have no doubt, especially with rising unemployment.
I’d be very careful of putting my money anywhere near the financial sector. With the recent changes to the mark to market accounting rules, the earnings of these institutions have been artificially inflated. Also, as they are struggling to repay the TARP money, their focus is not on their shareholders interests, it is in avoiding being perceived as “troubled” (they are ALL still troubled)
I would invest in a REIT (real estate investment trust) with a LOCAL group of investors in a market that you are familiar with and can keep an eye on, OR anything you can drop on your foot or kick (hard commodities, precious metals)
just my $0.02… (i would also be very cautious about any advice you get on a bodybuilding forum!)