investing some money...

[PESteele 10+ year member]

If anyone knew that they would be rich.DONT invest in the short run! Put your money into a mutual fund or simply the dow/nasdaq and forget about it for 30 years!

your wrong u just have to know how to trade in the short run. A mutual fund can make you like 3% a year which isnt going to make you milleons but trading options and stocks in the shortrun even though its more risky can make you millions. But you have to know how to do it. I would suggest watching cnbc and look out for a stock that is on the rise and buy it but if it starts to go back down get out and invest in another one.

 

[Ignatowski 5,000+ posts]

the stock market is very tricky in the last few years,I roll my money over and over in CD's,its not alot (3-4%) but untill the stock market favors the general public

i would avoid it for now.

The only people I know making money in the stock market are people who are very in tuned and watch it like a hawk,as if it were a hobby or a lifestyle,a few years ago you could drop your money into a money markey and watch it grow monthly,now if you dont watch your shit,it may be gone in a months time....

 

[Pl8er 5,000+ posts]

Take this or leave it as I don't want to be responsible for losing you money. BUT, that being said.....look at stock PANL. They are a company that is at the very frontline of OLED technology. Basically what all cell phones, mp3 players and car stereo face plates are being made of (well the newer ones) They are also leaping into the flat screen monitor business. This is not a penny stock, but they are making advances every day. There stock has been doing rather well. Look into something like sharebuilder.com and have a set amount given to a stock like this every week (even if its just 10 bucks). The advice that has been given is 100% correct, stocks are not a make it rich quick thing. Even the great and powerful google stocks have taken a little time to make everyone rich. OLED will replace LCD down the road. They are thinner, less expenseive (in theory) and will consume far less power. *starts to imagine an 8 hour laptop battery charge*

Hope this helps,

Justin

 

[Rmsanger 10+ year member]

Just an FYI anytime you enter the equity market you're assuming a large amount of risk. Especially when your required holding time is less than a year. For such a small amount and a short transaction look into the Money Market or a CD from a bank. There are no stocks that are a sure thing to make you money or otherwise the prices would be bid up until no profit is to be made (Market Efficiency Hypothesis). With that being said I like BBBY, FPL, UVN, and DNA over the next 6-12 months. But keep in mind that all have a chance of dropping in value but my calculations have all stocks undervalued for current expected earnings forecasts.

Cheers!

 

[squeak9798 5,000+ posts]

well i just through a number out, i just want a way to throw some money in something a know im going to gain. my buddy said something about a CD account? something like u can put however much in u want, but cant touch it for a certain amount of time? is there such thing? i dont mind putting 20-30 bucks a week in and letting it gain like that, and just not touch that account.

A "CD account" is a Certificate of Deposit. Typically they have higher interest rates than savings or money market accounts, but you can't withdraw the money for a specified time frame. CD rates **** right now, especially on short-term CD's (you're probably looking at 1-2% interest for any COD under 1yr).

But, someone took my suggestion...LOL. If you're looking to make a lot of money in the short term..your best bet is Vegas or other gambling. Because most stocks and mutual funds are only going to yield you less than 10% per year, and only about 3% per quarter if you're lucky. Unless you get lucky and find that one gold mine...in which case, every investor in the country would like to know about that stock aswell.

 

[saywhat? 5,000+ posts]

well, i want a place i can throw some money every week and let it rack up with out me really knowing. my bank account i can do that, but its able to be touched. a CD gains interest where a bank account of my size, doesnt hardly show. are CD's free? if not, how much? if i could throw 10-20 bucks a week in for a while, and keep it constant until im ready to buy a house/bad *** car/start a business brick and mortor style, then it would be a good thing to have 5-10 years down the road, making like 3500 a year that i cant touch, and throwing all my extra cash and things in there as well. if i get a bigger check than i need at the time i could throw a bigger portion than just 10 dollars.

 

[theCybe 5,000+ posts]

Roth IRA. It's not get rich quick, but you'll be glad later.

 

[Flipx99 5,000+ posts]

Take this or leave it as I don't want to be responsible for losing you money. BUT, that being said.....look at stock PANL. They are a company that is at the very frontline of OLED technology. Basically what all cell phones, mp3 players and car stereo face plates are being made of (well the newer ones) They are also leaping into the flat screen monitor business. This is not a penny stock, but they are making advances every day. There stock has been doing rather well. Look into something like sharebuilder.com and have a set amount given to a stock like this every week (even if its just 10 bucks). The advice that has been given is 100% correct, stocks are not a make it rich quick thing. Even the great and powerful google stocks have taken a little time to make everyone rich. OLED will replace LCD down the road. They are thinner, less expenseive (in theory) and will consume far less power. *starts to imagine an 8 hour laptop battery charge*
Hope this helps,

Justin

Sharebuilder is only a good idea if you dollar cost average. You don't get to pick your price and you buy on tuesday. E*trade is the best I know of and the one I currently use.

I will check out their financials to see what's up.

 

[Flipx99 5,000+ posts]

well, i want a place i can throw some money every week and let it rack up with out me really knowing. my bank account i can do that, but its able to be touched. a CD gains interest where a bank account of my size, doesnt hardly show. are CD's free? if not, how much? if i could throw 10-20 bucks a week in for a while, and keep it constant until im ready to buy a house/bad *** car/start a business brick and mortor style, then it would be a good thing to have 5-10 years down the road, making like 3500 a year that i cant touch, and throwing all my extra cash and things in there as well. if i get a bigger check than i need at the time i could throw a bigger portion than just 10 dollars.

CD's are free but they typically pay very poor intrest. Like I said before, the i-bond sounds like a pretty good bet and they can be purchased free of charge from the government. You have to hold the for 5 years. Pays 6% with no risk. (unless the government collapses, then your silly bond is the last of your worries.)

 

[Flipx99 5,000+ posts]

Just an FYI anytime you enter the equity market you're assuming a large amount of risk. Especially when your required holding time is less than a year. For such a small amount and a short transaction look into the Money Market or a CD from a bank. There are no stocks that are a sure thing to make you money or otherwise the prices would be bid up until no profit is to be made (Market Efficiency Hypothesis). With that being said I like BBBY, FPL, UVN, and DNA over the next 6-12 months. But keep in mind that all have a chance of dropping in value but my calculations have all stocks undervalued for current expected earnings forecasts.
Cheers!

One comment/ one question

The EMT is a joke. Investors are not rational. The market is semi-strong at best. Furthermore, the EMT doesn't explain the wide variances in the stock price over a year. Most of the assumptions of that theory is a joke.

What method do you use to calculate value? I am a CAPM fan. I also use this "buffet formula" from moneychimp.com and another screen that gives me access to some pretty good prospects.

 

[Flipx99 5,000+ posts]

the stock market is very tricky in the last few years,I roll my money over and over in CD's,its not alot (3-4%) but untill the stock market favors the general publici would avoid it for now.

The only people I know making money in the stock market are people who are very in tuned and watch it like a hawk,as if it were a hobby or a lifestyle,a few years ago you could drop your money into a money markey and watch it grow monthly,now if you dont watch your shit,it may be gone in a months time....

You can still drop some money in a money market account. It won't lose any money but it won't grow very much either. There are better investments out there with equal risk.

 

[squeak9798 5,000+ posts]

well, i want a place i can throw some money every week and let it rack up with out me really knowing. my bank account i can do that, but its able to be touched. a CD gains interest where a bank account of my size, doesnt hardly show. are CD's free? if not, how much? if i could throw 10-20 bucks a week in for a while, and keep it constant until im ready to buy a house/bad *** car/start a business brick and mortor style, then it would be a good thing to have 5-10 years down the road, making like 3500 a year that i cant touch, and throwing all my extra cash and things in there as well. if i get a bigger check than i need at the time i could throw a bigger portion than just 10 dollars.

Majority of COD's are a one-time deposit. When you open the COD, your initial deposit is your only deposit. It's not a "transaction account".

But a growing trend is for more flexibility in COD's. Anymore, most financial institutions have atleast 1 COD product that you can make additional deposits into at any time during the life of the COD. But they are typically for longer terms....2yrs+.

 

[MikeofTulsa Moderator]

another option if your willing to wait for a few years or more is a money market account. generally you can find one from 3-4% compounded monthly and you can always add more to it and remove it at any time if needed. its what i have my sons college fund put into. put a couple grand in it and will wait till he's 18 to take it out. i got it at abour 4.3% monthly compounded

 

[Flipx99 5,000+ posts]

another option if your willing to wait for a few years or more is a money market account. generally you can find one from 3-4% compounded monthly and you can always add more to it and remove it at any time if needed. its what i have my sons college fund put into. put a couple grand in it and will wait till he's 18 to take it out. i got it at abour 4.3% monthly compounded

They typically have a minimum deposit greater than 400. It is usually lower if the person is in school.

Also, you may want to look into some of the pre-tax education products. I think it is called a cordell education plan, where you put pre-tax funds into the accont. 4.3% ain't bad for guarenteed money I suppose.

 

[80INCHES 5,000+ posts]

If anyone knew that they would be rich.DONT invest in the short run! Put your money into a mutual fund or simply the dow/nasdaq and forget about it for 30 years!

i agree

but if u want toput m0oney somewhere and gain intrest in a short time(not much but atleast your money grow slowly

get a bank accout with img direct ...4% intrest rate aint bad for a bank

or a get a money market account

or a cd account

or capitalone bank

80