Re: investments or anything like that???
 

Well I'm broke, and only getting deeper into debt with student loans. This ---- better pay off soon.

So I'd say my only big investment now is in human capital.

Re: investments or anything like that???
 

I got a 750,000 dollar life insurance polacy on the wife, so if times get tough ;)

Re: investments or anything like that???
 

anyone else have any input on this. and im realy lookin into that emigrant thing leed.

Re: investments or anything like that???
 

give me a $1000 and ill give you my 300zx by 2060 it will be worth atleast double if you keep it in the garage.

Re: investments or anything like that???
 

Paypal accounts have like 4. something percent interest, and they compound monthly, best of all there is no commitment, take your money out as often as you like! :y


double of nothing.... is still nothing

Re: investments or anything like that???
 

You got alot of good advice.

#1 make sure you take care of high interest debt

I'd really suggest going to the bank, making an appointment to get prequalified for a home loan. Find out how much you qualify for. They do a credit check on you, and give you advice on how to improve your credit. If you want to buy a house in a few years, you will be glad you did this now. It only takes like 45mins. Gives you a good idea how much more money you need to save for down payment, and how much more money a year you need to make. It's good to set goals.


IRAs and 401k are retirement deals. Not what you are looking for. Although if your work matches what you put is their 401k, you can't beat that.

Short term investments there are two approaches: growth or safety.

The savings accounts, CDs, short term bonds, are all very safe, but have low returns... 5% or so. Barely keeps up with inflation, doesn't really make you a whole lot of money. But it is definitely going to be there making 5%, and you can get to it anytime. One step better than burying it in the backyard.

Growth would be to invest in stocks or mutual funds. There is the possibility of ALOT higher returns. Investing in Stock kind of requires that you know what you are doing, and there definitely is the risk of losing money. Mutual Funds are pretty much the safest growth investment. The S&P 500 fund invests you in the top 500 largest companies in the US. U.S. companies always make money. Even when something real bad happens, like 9/11, stock market crash, US economy bounces back. There has never been a ten year span when the S&P 500 has lost money. The average 10 year return is 12%. It's averaged 16.5% for last three years.

http://www.moneychimp.com/calculator...calculator.htm
$2400 at 5% for 3years = 2,788.37
$2400 at 16.5% for 3years = 3,936.76

$2400 at 5% for 10years = 3,956.80
$2400 at 12% for 10years = 7,966.70

$2400 at 5% for 20years = 6,523.43
$2400 at 12% for 20years = 26,445.19

$2400 initial investment plus $50 every paycheck($1200 a year)

5% for 3years 6,672.64
16.5% for 3years 8,595.70

5% for 10 years = 19,526.88
12% for 10 years = 31,168.96


5% for 20 years = 47,763.37
12% for 20 years = 126,666.42

Compound interest is crazy

Re: investments or anything like that???
 

swing trade. is ee people make 20-30% a month. over 3-400 of your lucky. penny stocks are a ballsy business though. make sure you do allot of reading and reasearch. mutual funds are gay bullshit. the returns are weak and when they get hit, they get hit HARD.

Re: investments or anything like that???
 

invest in drugs. start growing, cooking, cutting. when done right in the right market you can do far better than anything else out there. or ur dead and in that case who needs money :6

Re: investments or anything like that???
 

sorry not into selling drugs. 4wdwagon, i dont have a 401k its like a roth or some ----, my work doesnt offer anything like that. my grandpa made me set it up. i will look into seeing what i am approved for. im gonna look into that SandP 500

Re: investments or anything like that???
 

well when you dig up that million dollar stock stip, be sure and let us all in on it! :y