investing $$$$$

[bk12321 10+ year member]

Whatever you guys do just let me know and i'll do it too

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[bigharv]

check out the blackstone stock (BX) i think this is gonna be a huge money maker if you get in on it.

 

[Rmsanger 10+ year member]

1) Payoff any credit card debt or outstanding debt above 7.5%

2) Max out payments to any employer matching accounts, 401k or 403B. Get a tax break now but all gains plus base value are taxable upon retirement.

3) Max out contributions to Roth IRA 3k/year will be 4k/year soon. This will not be tax deductible today but gains plus base are tax free at retirement.

Options 2 + 3 are long-term tax diverisification strategies which hedge against risk of future tax rate shifts plus your future tax bracket.

4) Look at ETFs or No Load Index funds. Flip posted a few good ones earlier but American funds is also very good as well!

5) Anything left over, you'll want to maximize your Foreign exposure. REITs in Central America, South America, and Carrib.. are all great as they offer alternative retirement locations to FL/ AZ. You should see some great price inflation in places like Brazil, Trinidad & Tabago, Barbados, etc...

Avoid CDs, annuities, and alternative investment such as Insurance.

Another great tip toward building wealth is to avoid financing (leverage) anything that depreciates (Cars, Jet Skis, etc..)

Always live within your mean, only consume at the most 95% of your earnings. Steady savings at a young age can build millions over a lifetime.

Good luck!

 

[AcidicDreams 10+ year member]

check out the blackstone stock (BX) i think this is gonna be a huge money maker if you get in on it.

//content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

Do you even know what they do or have any fundamental reason for making such a suggestion...

 

[AcidicDreams 10+ year member]

1) Payoff any credit card debt or outstanding debt above 7.5%2) Max out payments to any employer matching accounts, 401k or 403B. Get a tax break now but all gains plus base value are taxable upon retirement.

3) Max out contributions to Roth IRA 3k/year will be 4k/year soon. This will not be tax deductible today but gains plus base are tax free at retirement.

Options 2 + 3 are long-term tax diverisification strategies which hedge against risk of future tax rate shifts plus your future tax bracket.

4) Look at ETFs or No Load Index funds. Flip posted a few good ones earlier but American funds is also very good as well!

5) Anything left over, you'll want to maximize your Foreign exposure. REITs in Central America, South America, and Carrib.. are all great as they offer alternative retirement locations to FL/ AZ. You should see some great price inflation in places like Brazil, Trinidad & Tabago, Barbados, etc...

Avoid CDs, annuities, and alternative investment such as Insurance.

Another great tip toward building wealth is to avoid financing (leverage) anything that depreciates (Cars, Jet Skis, etc..)

Always live within your mean, only consume at the most 95% of your earnings. Steady savings at a young age can build millions over a lifetime.

Good luck!

All good advice, though I'd get REIT and International exposure within the IRA and use the leftovers with maximum tax advantages in mind.

Financing toys and cars will remove an incredible amount of money from your pockets and you won't even see it leaving... it's best to pay yourself a $500 payment for 4-5 years and BUY the car outright rather than financing it... and if you think about it, it's only delaying your purchase for the first car....

Every mutual fund you buy should be no load... fees should always be at or under 1%...

START EARLY!!!!!!!!!!!

CD's and Insurance "investing" **** total ***... CD's are ok for a short period of time, especially if you specifically DON'T want access to your money but they pay crap and over the long term aren't any more safe than an index fund... Whole Life Insurance investing is flat out stupid and is essentially a scam...

 

[bigharv]

//content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif
Do you even know what they do or have any fundamental reason for making such a suggestion...

Yes, as a matter of fact I do know what they do. I actually work for a company that was bought and spun off by blackstone. They are in the last stages of selling off the rest of their shares in the company. They helped raise my companies stock price to almost double since we went public. It's an underrated stock right now and I wouldn't be surprised to see it rise 20-30% over the next year.

 

[LeeAudio 10+ year member]

Oil stocks are good... stocks are the best way I've found for explosive growth.

I invested 20k in APPLE @ 86 per share. I pulled out @ 146. //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

Stocks or set yourself up a small corp for yourself and perform cash loans to the general public out of your house. I started this investment vehicle with 2500 and have made about 30k off it over 2-3 years. I am aiming to setup a store and have somebody run it for me.

I know most of you guys are employee minded, and that's okay. Some of you sound like your on the right track with the investments the banks present. The only thing I have to say to all of that is, being an consumer-investor takes along time to get up there. But, if you seek security and are happy with your job the by all means go for it.

The only problem I see with building wealth thru a job is that it takes the longest. It is the longest and gruelling path. Requires the most discipline. You have to conform to the paycheck setup and lower your expenses and life style. Your income is in a static position of growth so to speak so it takes tons of years to build. I just can't imagine working for an hourly wage myself. The way I look at it... no matter how hard I work, no matter how much I produce I am capped @ that level of earning.

Building wealth requires a WEALTH of financial education it's self. So anyone trying to get started or get in the game should build their own base of financial education. Learn and invest yourselves. The education I am talking about is not the financial shit you learn in schools. Those people are designed to sell investment products for the banks.

 

[LeeAudio 10+ year member]

1) Rich Dad Poor Dad is a joke. It is not worth the paper it is made from. One Up on Wall Street is an excellent book.

I can't think of a stupider thing I've read all day. If this is your mind frame, then I'll see you at the top when your in your 60's. I read all his books when I was in my mid-teens and I have to tell you these are some of the best books you can ever read to get started. What compels you to say such a thing? Obviously you are a college student of finance. If that is true, then I can see why you would think this way. You're living in a world of little to no individuality and no creativity so building wealth would be hardest for you because you'd have to build all your money thru investing from wages instead of acquiring multiple streams of income then investing. Maybe you know something I don't and should speak up, though.

The Rich Dad series is more or less to put you in the mind frame you NEED. The series of books is not meant to make you a zillion dollars. If you practice what the books teach, they're very rewarding all around. Weather it's building wealth or making deals.

 

[Flipx99 5,000+ posts]

//content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif
Do you even know what they do or have any fundamental reason for making such a suggestion...

Indeed....

Inverted yield curve.....
We'll see a recession the day a democrat walks into the white house...

I plan on using ETF's and sharebuilder myself once I get my *** employed...

What are the fees like on those lifecycle funds?

Politics aside, we are due for one.

Management less are less than .5%. What they do is allocate betweern the other funds. It's a fund of funds, more or less.

Yes, as a matter of fact I do know what they do. I actually work for a company that was bought and spun off by blackstone. They are in the last stages of selling off the rest of their shares in the company. They helped raise my companies stock price to almost double since we went public. It's an underrated stock right now and I wouldn't be surprised to see it rise 20-30% over the next year.

That doesn't tell me anything. What company is it, what do they do, and how do they do it better than anyone else?

I can't think of a stupider thing I've read all day. If this is your mind frame, then I'll see you at the top when your in your 60's. I read all his books when I was in my mid-teens and I have to tell you these are some of the best books you can ever read to get started. What compels you to say such a thing? Obviously you are a college student of finance. If that is true, then I can see why you would think this way. You're living in a world of little to no individuality and no creativity so building wealth would be hardest for you because you'd have to build all your money thru investing from wages instead of acquiring multiple streams of income then investing. Maybe you know something I don't and should speak up, though.
The Rich Dad series is more or less to put you in the mind frame you NEED. The series of books is not meant to make you a zillion dollars. If you practice what the books teach, they're very rewarding all around. Weather it's building wealth or making deals.

There are other forms of investing besides real estate. Robert K makes everything seem so effortless and does not think in realistic terms.

Last time I checked, income stocks provided a revenue stream and they never call me at night with a broken water heater.

When Robert K makes more money than Warren Buffet, Benjamin Grahmn, Peter Lynch, et al then maybe I will listen to his craptastic bullshit he spews on the page. Until that day, I will dollar cost average, choose wisely on asset allocation and make myself rich that way. I have no intentions of investing in real estate due to liqiuidity issues.

You are right, I am a college student of finance. That is why I know the math he puts in his books are "iffy" at best. This back and forth between the rich dad and poor dad is bull shit. It is like one dad is an investment genious and the other dad is a crackhead. Rich Dad/Poor Dad was written for people without an education and without the ability to calculate NPV in their head (roughly). It doesn't get me in any frame of mind. Also, there is no way to really verify his wealth. We can look at Berkshire Hathaway to see Buffet's performance or Fidelity funds to see Lynch's. I have no way to verify that he actually knows what he is talking about. All I see him do is dick ride Donald Trump on the Yahoo! finance boards.

Donald Trump's ghost writer is a better author than Robert K.

 

[Flipx99 5,000+ posts]

The Rich Dad series is more or less to put you in the mind frame you NEED. The series of books is not meant to make you a zillion dollars. If you practice what the books teach, they're very rewarding all around. Weather it's building wealth or making deals.

I have read economic journals on game theory that would make Robert K look like he was negotaiting for the last snicker bar at recess.

What other books have you read besides the Rich Dad / Poor Dad?

 

[LeeAudio 10+ year member]

Mostly the same people. I'd write more but got to go. I'll try to log back in later and write some more on the subject.

 

[Flipx99 5,000+ posts]

The only problem I see with building wealth thru a job is that it takes the longest. It is the longest and gruelling path. Requires the most discipline. You have to conform to the paycheck setup and lower your expenses and life style. Your income is in a static position of growth so to speak so it takes tons of years to build. I just can't imagine working for an hourly wage myself. The way I look at it... no matter how hard I work, no matter how much I produce I am capped @ that level of earning.

Most people with investment savvy and promise don't work at an hourly rate. While I do agree, leveraging assets isn't for everyone. As an investing professional, I cannot, with good conscious, go out an reccomend people leverage their investments (real estate, stocks, funds, whatever) when they don't have a disciplined frame of mind. Once you live an inexpensive lifestyle and understand the dynamics of the market, then you may be mature enough. But to reccomend elaborate investment strategies to someone I do not know and makes $40k per year, I just cannot do it.

While you are correct, I don't think it is the best investment decision for the average poster on this message board.

 

[sundownz Pro Seller]

If someone finds me a FOREX broker with 100:1 - 200:1 leverage and 2 pip spreads on EUR/USD, EUR/CHF, and USD/JPY with instant execution... I'll make enough money for everyone on the forum to retire on //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

On a demo account with such condition I was able to double (or more) my account size every 10 days consistently for 60 days. Unfortunately when I signed up for a real account with that broker I was put on "manual execution" after the first doubling of my account despite their claims of instant execution... thus making my method useless from then on.

 

[Flipx99 5,000+ posts]

If someone finds me a FOREX broker with 100:1 - 200:1 leverage and 2 pip spreads on EUR/USD, EUR/CHF, and USD/JPY with instant execution... I'll make enough money for everyone on the forum to retire on //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif
On a demo account with such condition I was able to double (or more) my account size every 10 days consistently for 60 days. Unfortunately when I signed up for a real account with that broker I was put on "manual execution" after the first doubling of my account despite their claims of instant execution... thus making my method useless from then on.

Ran into a similar issue when trying to buy/sell gasoline futures,

 

[sundownz Pro Seller]

Ran into a similar issue when trying to buy/sell gasoline futures,

Indeed... it is quite upsetting as my method works exceedingly well on the demo accounts which are always instant. For some reason the brokers don't like my method... it's kind of an advanced form of scalping that I developed when I was studying the FOREX markets for 6 months or so. Unfortunately... I haven't been able to find a broker that doesn't put me on manual after a week or two. Very few brokers have the spread I need on the pairs I use either.