[quote]Professor X wrote:
money I do have do more work FOR ME instead of the other way around.
[/quote]
Nailed it!
Good luck mate.
Prof, if you were to cut for 6 weeks, invest in purdue chicken, then start bulking again, I’m fairly certain you’d be able to sell it right then and there to retire.
[quote]rrjc5488 wrote:
Prof, if you were to cut for 6 weeks, invest in purdue chicken, then start bulking again, I’m fairly certain you’d be able to sell it right then and there to retire.[/quote]
Motherfucker.
[quote]rrjc5488 wrote:
Prof, if you were to cut for 6 weeks, invest in purdue chicken, then start bulking again, I’m fairly certain you’d be able to sell it right then and there to retire.[/quote]
If he ever does cut, I hope he tells us as I will short the stock, then go long when he resumes bulking.
There was some great advice in this thread.
Given recent events, I think now is a good time to bump the thread. I am interested to hear people’s advice on investing during a recession.
I really liked this article. I’ve read Dave Ramsey’s Total Money Makeover book. I’m 25, married. I’m a machinist, wife a school teacher. I sold my 4-wheeler just last week, paid it off. Now we’re able to live off her income and taking my paycheck and saving it to pay off the rest of our bills. The goal is to just have the house payment and her car payment and then insurance and phone bill. My jeep has another year on it. Still don’t know what to invest in yet, just want to pay off bills and try to retire when I’m 35! 
when hell freezes over, right?
Open an E-TRADE/TD-Ameritrade/sharebuilder/whatever account to start.
What are your current stats? goals? (retire by 40?)
I personally believe in high-risk till youre 30 and then slowly moving over to mutuals by age 60.
[quote]Regular Gonzalez wrote:
There was some great advice in this thread.
Given recent events, I think now is a good time to bump the thread. I am interested to hear people’s advice on investing during a recession.[/quote]
Bottom line, index funds, Vanguard or Fidelity. Long term investing, not short term. Max out your 401(k) and your IRA amounts every year.
If you branch out from index funds, do it in things you know.
[quote]Elaikases wrote:
Regular Gonzalez wrote:
There was some great advice in this thread.
Given recent events, I think now is a good time to bump the thread. I am interested to hear people’s advice on investing during a recession.
Bottom line, index funds, Vanguard or Fidelity. Long term investing, not short term. Max out your 401(k) and your IRA amounts every year.
If you branch out from index funds, do it in things you know.[/quote]
CONGRATS! you posted information that would have been helpful 1 year ago to the poster AWESOME! Keep it up, at this rate youll be poster of the year for sure
I just noticed this is kind of an old thread, but I hope this still help.
If you are interested in getting in to the managing your own investments, I strongly suggest reading the book “The Successful Investor” by William J. O’Neil. It is, by far, the best introductory book to the market and all that it entails that I’ve ever read.
You may also want to check out some more in-depth investing websites. CNBC only goes so far. Investor’s Business Daily offers free trials of their services at Si Ramo Hit The Target With TRW's Missiles | Investor's Business Daily
Let us know how it goes!
[quote]Professor X wrote:
Duke wrote:
Do you want to be wealthy, if so, how wealthy and in what time frame?
I can list a bunch of general things to save money if you’d prefer?
Do you own, or have equity in, your own home?
Do you want to retire in X number of years?
Give me a guide and I’ll work from there mate
I’d rather not give specifics. I would, however, like to retire by the age of 55 if that is possible.
I would appreciate any general info you could give. [/quote]
You will never retire at 55 if you plan on living in the U.S.
Your wealth will be destroyed and/or confiscated no matter what measures you take if you don’t relocate.