Re: Investing money?

**sordavie** · 05-15-2008, 01:40 PM

Originally Posted by Steamers

Try real estate dude! Build an apartment or something... You don't have to worry about getting bankrupt cuz that apartment will always be yours

What?

**Snarlin** · 05-15-2008, 02:03 PM

One book that's still on my shelf that I'll probably buy for each of my kids as they get to their teens is Andrew Tobias's: The Only Investment Guide You'll Ever Need. Lots of basics. A few strings of strange advice. But overall a good, first read on investing.

Snarlin

**jmaker** · 05-15-2008, 07:20 PM

Originally Posted by Steamers

Try real estate dude! Build an apartment or something... You don't have to worry about getting bankrupt cuz that apartment will always be yours

Yeah Dirtboy build that $10000 apartment. I hope you weren't being serious.

**Dirtboy** · 05-15-2008, 07:23 PM

Originally Posted by Steamers

Try real estate dude! Build an apartment or something... You don't have to worry about getting bankrupt cuz that apartment will always be yours

LMAO...really?

I was seriously thinking about just buying some land and sit on it for a while. A friend of mine did that for a couple years and made some pretty decent cash.

**Skud** · 05-15-2008, 07:55 PM

Tax Shelter Account - Put in a lump sum, then 10 bucks a week.

By the time you are 65 you'll have a great retirement package there.

**Dirtboy** · 05-15-2008, 08:08 PM

To be honest with you guys...I am not looking to save all the way to retirement. I was thinking more like several yrs. Tell me some more about stocks...are they safe?

**Hambergler** · 05-15-2008, 08:10 PM

Originally Posted by Dirtboy

I was seriously thinking about just buying some land and sit on it for a while. A friend of mine did that for a couple years and made some pretty decent cash.

I don't have that kind of tolerance for risk, but hay the greater the risk the greater the reward.

**War.mongeR1** · 05-15-2008, 08:28 PM

Originally Posted by Dirtboy

To be honest with you guys...I am not looking to save all the way to retirement. I was thinking more like several yrs. Tell me some more about stocks...are they safe?

If you've been following the Tactical Gamer Fantasy Stock Market thread, then your answer would be NO. I'm about to get into stocks this summer, BUT I'm looking at stocks as gambling money. You might as well be playing in Vegas in my opinion. I'm going to be playing the stock market for fun and not betting the farm on it. Just a small portion of my play money, that's all.

Personally, I'm all about Mutual Funds, maxing out Roth IRA annually, and my emergency money is in a Money Market.

**Towuaway2** · 05-15-2008, 09:58 PM

I have stick invested. APPLE IS THE WAY TO GO!!!

they go up all the time. Warning: Avoid Penney stocks becuase of constant fluxuation!

**Tempus** · 05-15-2008, 10:13 PM

Go to Fidelity.com and buy 3 mutual funds.

Put $5k in Fidelity Magellan Fund
Put $2.5k in Fidelity Latin America Fund
Put $2.5k in Fidelity International Growth Fund

Keep contributing to each of those funds for the next 10 years and you should end up being happy with the results.

**Hambergler** · 05-15-2008, 11:47 PM

Originally Posted by Tempus

Go to Fidelity.com and buy 3 mutual funds.

Put $5k in Fidelity Magellan Fund
Put $2.5k in Fidelity Latin America Fund
Put $2.5k in Fidelity International Growth Fund

Keep contributing to each of those funds for the next 10 years and you should end up being happy with the results.

Those Funds have fairly high expense ratios when compared to index funds. Not to say they wont work in a particular strategy, but when the numbers get big it they can make a huge difference.

Check those funds vs FSMKX and VFINX Here
http://apps.finra.org/investor_Infor...a/1/mfetf.aspx

**Dirtboy** · 05-15-2008, 11:52 PM

Originally Posted by Tempus

Keep contributing to each of those funds for the next 10 years and you should end up being happy with the results.

Now this is something that I am interested in. What do you mean by "contributing" to the funds? Do you mean add alot of money to them?

**CingularDuality** · 05-15-2008, 11:55 PM

Originally Posted by Hambergler

Those Funds have fairly high expense ratios when compared to index funds. Not to say they wont work in a particular strategy, but when the numbers get big it they can make a huge difference.

Check those funds vs FSMKX and VFINX Here
http://apps.finra.org/investor_Infor...a/1/mfetf.aspx

Expense ratios matter very little in the long term. It's much, much more important to find a good fund and stick with it.

And, Dirtboy, individual stocks are a VERY bad idea unless it's just play money that you're dealing with, and you can afford to lose it all. They are absolutely not safe.

Serious, if you're looking to invest less than five years, look at CDs or savings/money market accounts. More than five years, look at mutual funds.

Contributing to the funds means to keep adding money to them. Most people set up retirement accounts using mutual funds set up inside of some sort of tax shelter (IRA, Roth, etc...). Then they set up some sort of allotment that'll put an automatic deposit into the account every payday.

**Dirtboy** · 05-15-2008, 11:58 PM

How do Mutual Funds work? Are they like savings accounts that you can't touch? What type of mutual fund would you suggest if you were in my position?

**sordavie** · 05-16-2008, 01:09 AM

http://en.wikipedia.org/wiki/Mutual_fund

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