jimbo32

[QUOTE=ericcumbee]

Originally Posted by jimbo32

Someone in your position has no business putting money they expect to need in the very near future in the stock market to begin with. /QUOTE] is that directed at me? if so it isnt a huge sum of money, maybe a 400 dollar inital investment. it was money that i had in a savings account, and due to inactivitiy started getting fees. i had a 7% return on investment last year, and 6.6% Return YTD. as far as needing it soon. no this is just trying to save a little bit of money here an there for later on down the road.

No, it was directed to the person that started this thread, and based on his description of his investing sophistication. I have no idea what investment experience or skills you have and, therefore, wouldn't presume to tell you how to invest your money. I simply disagreed with your suggestion of mutual funds for this person. Sorry if there was a misunderstanding.

sfbong80

This person decided to become bodybuilder and marry a rich women.
just like Arnold Swartzeneger did.
I might even become governor of Kalifornia.

Lonecrow

In life you get what you work for

__________________

98% of the internet population has a Myspace page. If you're part of the 2% that has a real life, copy and paste this into your sig.

sfbong80

If this was true, i don't think anybody would have to be striked down with great vegeance nor anybody has to poison and destroy anybody.

Lonecrow

mouahahhahaha!!!

That's the best one Ive heard since a long time. I'm just telling you that there's no shortcut to making money. Hell, even Donald Trump worked his ass off to start something. So instead of waisting you time thinking: " How the hell am I gonna be able to study if I work 20-30 hours a week", go get your butt somewhere you wanna work, and apply. I don't know a lot of people at University that didn't work while thy studyied, so far, nobody died either....

__________________

98% of the internet population has a Myspace page. If you're part of the 2% that has a real life, copy and paste this into your sig.

arcticmaniac

sfbong80,

I would take everyone here's advice to heart. They are looking out for you well being.

You read stories about people day trading making bucks back in the late 90's early 2000 and when the market crashed, alot of people lost their shirts, homes, etc. Remember Enron, Worldcom, Global Crossings, etc.

There is nothing wrong if you want to learn other ways to invest your money besides putting it in the bank. Because once you finish college and get a "real" job, these are the things you need to learn, like 401k, 403b, 457, etc.

If you still want to invest in stocks, I would;

1. Read as much as you can about stock trading and stick with the basics. Dont do margin, options, etc. If you cant understand it, then just dont do it.
2. BASIC, buy low and sell high. (remember you do have to pay taxes on your gains).
3. As Warren Buffet says, he only buys stocks/companies that he understands. Meaning buy stocks in companies that you are familiar with like Procter and Gamble, Starbucks, maybe Dell??, etc.
4. Never buy stocks when everyone else is selling either. It could mean that the company is headed for trouble which is why everyone is trying to get out. Do your homework. There is alot of information on the net.
5. I started with a small amount of money that I was prepared to loose. You can open a account with Scottrade and trade for $7. There is no other fees involved. I wouldnt put in more than $500. And after that DO NOT put in anymore money even if you are doing well.
6. DISCIPLINE. DISCIPLINE. DISCIPLINE.
7. DO YOUR HOMEWORK. Research the hell out of the stock before buying.
8. NEVER trust all the hype through the message boards. Go to yahoo, cnnfn, cnbc/msmoney, sites for you information.
9. Dont expect to get rich fast. Be patient.
10. Check out MAD Money on CNBC. Even Jim Cramer tell you to do your homework on stocks he recommends. But it may give you few ideas.

If you are not ready to loose any of that 5K then play it safe and leave it in the bank. When you make enough and paid off your loans, you can set aside some money in the future and learn later on. There is nothing wrong with working a McD's. Did you know that the CEO at McD started working at McD when he was 17? He learned the business and opened a francise, and the rest is history.

arcticmaniac

Originally Posted by Lonecrow

mouahahhahaha!!! That's the best one Ive heard since a long time. I'm just telling you that there's no shortcut to making money. Hell, even Donald Trump worked his ass off to start something. So instead of waisting you time thinking: " How the hell am I gonna be able to study if I work 20-30 hours a week", go get your butt somewhere you wanna work, and apply. I don't know a lot of people at University that didn't work while thy studyied, so far, nobody died either....

Well, Donald had a better start than the rest of us. His father was in the real estate business already. And I doubt he worked his way up from nothing.

Lonecrow

You got the point didnt you?

__________________

98% of the internet population has a Myspace page. If you're part of the 2% that has a real life, copy and paste this into your sig.

arcticmaniac

Originally Posted by Lonecrow

You got the point didnt you?

Yeah, its nice being born into a rich family!!!! :approve:

jimbo32

Originally Posted by arcticmaniac

Yeah, its nice being born into a rich family!!!! :approve:

One of the few ways to become rich these days, and if the current administration has it's way will soon be the only way.

Jukov

sfbong80, think of it this way:
1. A job is the best investment - you come to work and in a matter of an hour you have 8$ more then you had. 0 to 8 - not bad in an hour...
2. Stocks are hard work, you need to investigate, study, research, buy, sell, investigate more , talk to your dealer, - it will take huge amount of time because a. you don't have that much money and b. you don't want to loose it. (I mean if you had 500K you wouldn't mind loosing 5k in a week, always hoping you can get it back next week).
You might say that all you need to do is not to work just to keep you concentrated on your studies. OK, but think of this: You have invested your precious 5K into stocks. Now it is morning, the trading starts, wouldn't you want to check how your stocks are doing? Sure you would. What if there is some important market announcement? Wouldn't you want to listen to it? What if one of your stocks is going down? Wouldn't you want to sell/buy etc? Sure you would!!! There is only one slightest problem - IT IS MORNING, and at this time you should study!
So I guess stocks = more time for studying, is not such a correct formula for you.
You need to address the same issue from a different angle.
What do we have here?
You need money = you need to work but a job would interfere with you studies. right?
Solution: get a job but were you can continue studying WHILE working! Catching my drift?
Example: have you seen all those *rich people* high scrapers? Have you seen all those security cameras? There is a guy some where in that building "watching" those cameras. Do you know what does he really do? Correct! Studying for his midterms.
there are plenty of jobs like that, you just need to find them, and since you do not work right now , you have all the time in the world to get out there an grab them. And keep in mind: 0 to 8 in an hour!

Good luck, buddy
Hope you'll find what you need.

sfbong80

#include <iostream>
using namespace std;

int main ()
{
for (i=1; i<1; i++)
cout << "Thanks everyone, I am studying C++ right now"
<< "While checking out aximsite at the same time"
<< "You might wanna invest in me because I am gonna get rich"
return 0;
}

sfbong80

Hey.. its very cold in my house...
is there any alternative heating method to keeping your house warm ?

0gopogo

Great, you threw a for loop in there to make it look more like a program but that useless for loop won't cout anything. I guess you'll have to study harder.

__________________
Transcendental x50v: 4 + 8 GB SD and CF Transcend cards

sfbong80

Oh.. i should have made it like this
for (i=1; i>1; i++)
there you go