What to Invest In? Need some Help!

[WillyG4444 10+ year member]

Well, me and girlfriend have been saving money for a looong time and have a pretty good growing savings. We've just been putting the money in CD after CD. We want to start investing in something soon, or in the near future, but we don't know what's best and don't know the best source to read up on for it.

Property? Stocks? What? Anyone have any good resources/books I should take a look at? I don't know what books are BS and what books are really great to gain knowledge from. Thanks!

Click to read more...

 

[Flipx99 5,000+ posts]

Invest in something that maintains your interest. I wouldn't ever invest in real estate, but I do invest in derivatives.

I am currently looking for a proxy to short gold.

 

[Flipx99 5,000+ posts]

The best first question to ask is...how much time do you want to spend with your investment?

 

[bumpin buick 5,000+ posts]

stocks, short on just about anything in the upcoming months and you will walk away a happy man

 

[DB_DRAG_SPL 10+ year member]

Hookers and Blow

 

[bumpin buick 5,000+ posts]

Hookers and Blow

Actually with the new stuff out of Rio prices on white are dropping substantually so I wouldnt recomend that investment.

And as far as hookers go, we all know they loose there value over time

 

[DB_DRAG_SPL 10+ year member]

But for the short term FTW!

 

[bumpin buick 5,000+ posts]

I guess i was just referring to monetary value, not self pleasure

 

[ntense702 10+ year member]

if you haven't already got one, an IRA is a good long term investment.

 

[WillyG4444 10+ year member]

Well, I'm just starting out thinking of a more substantial investment than CDs, so I don't want to do anything too crazy. I don't know enough about analyzing stocks, but if there is some source I can learn from that is really good, I wouldn't mind doing that. I know about IRAs, but I think I mainly wasn't looking into them, because I will MOST likely be with a company that offers a company match 401k. From what I understand at least.

I think I want to start with a few short term investments, could be 1 or several. This made me think of stocks, but I'm near clueless about them.

 

[Andrew12 10+ year member]

Stocks arent the way to go... Theres a chance theyll bring you in a little bit of money, but its not really an investment especially w/ the market as unsteady as it is. Depending on how serious you are on investing... Look into franchising something like a chickfila. That company itself brings in over 2 billion a year. The owners I know bring in over 300k a year JUST from CFA. Stop in once a week, say hi, run the payroll and bam! There class cost $5k and after that you have all rights to their franchise. You could have another job and run that store at the same time.

 

[Flipx99 5,000+ posts]

if you haven't already got one, an IRA is a good long term investment.

You can't invest in an IRA. An IRA is a type of investment account.

 

[bumpin buick 5,000+ posts]

I'm not trying to be cocky here but I think everyone who isnt in the stock market is dumb. If your to afraid to throw money in go on your facebook and start a fantasy stock first, its an app. I put about 5g into the stock market every 6 months or so. I will not say how much I am at now but I have made nearly 140% return. Learn how to day trade stocks like CHNR, ISRG, and WCG (some of my favs) its pretty easy follow the patterns. Dont just throw money in right away but watch the stocks for a few weeks and read there business updates. Also learn how to short shares, at this point in our economy that will make you crazy cash.

 

[Flipx99 5,000+ posts]

Stocks arent the way to go... Theres a chance theyll bring you in a little bit of money, but its not really an investment especially w/ the market as unsteady as it is. Depending on how serious you are on investing... Look into franchising something like a chickfila. That company itself brings in over 2 billion a year. The owners I know bring in over 300k a year JUST from CFA. Stop in once a week, say hi, run the payroll and bam! There class cost $5k and after that you have all rights to their franchise. You could have another job and run that store at the same time.

I don't think it's that easy. Hiring talented managers is difficult.

 

[skadude016 5,000+ posts]

I don't think it's that easy. Hiring talented managers is difficult.

ya coming from a manager at CFA... There have been plenty managers "let go" erm... fired because they cant keep up and upper management looks for little reasons to get them out. I know the owner I work for is raking in 260-300k a year. If you look at the numbers CFA automatically takes out 50% of what ever profit was made. then you pay employee's, fix stuff, pay for food, supplies... it add's up. its not all sunshine and happiness haha