PDA

View Full Version : 30 Thousand to invest



FalleNxWiZarDx
02-21-2011, 11:42 AM
Hi guys!

I have 30 Thousand dollars to invest on something or buy something

Need some help on what to do in reguards to investing....



any help would be great! thanks alot

phyzik
02-21-2011, 11:53 AM
I think you should buy 30,000 $1 scratch off tickets. :tu

Kori Ellis
02-21-2011, 11:54 AM
I thought you didn't have any money to go to college or some story like that. (Wasn't that you?)
Maybe invest in that.

spurs_fan_in_exile
02-21-2011, 12:04 PM
Booze and hotpants.

FalleNxWiZarDx
02-21-2011, 12:09 PM
I thought you didn't have any money to go to college or some story like that. (Wasn't that you?)
Maybe invest in that.


no maam, not me

FalleNxWiZarDx
02-21-2011, 12:22 PM
30 Thousand is not that much..... and Im scard to blow it on something stupid like a car (which I already have and its nice)

I just want to put this money in good use for that I can build upon

ShoogarBear
02-21-2011, 12:23 PM
Depends on whether your goal is for long-term investing (retirement) or short-term investing (saving for a purchase).

Unless you're a market hot-shot or willing to spend every day poring over the financial pages, then low-cost index mutual funds are probably the best way to start.

There's plenty of good places for information out there, i.e., http://www.investopedia.com/university/mutualfunds/ The Club is probably not one of them.

Tinystarz
02-21-2011, 12:27 PM
30 Thousand is not that much..... and Im scard to blow it on something stupid like a car (which I already have and its nice)

I just want to put this money in good use for that I can build upon

If it wasn't that much you wouldn't be worried to blow it somewhere.

DMC
02-21-2011, 12:28 PM
Gold coins.

Look at the ROI on gold over the past year.

I know someone who can hook you up, legit, worldwide firm.

MannyIsGod
02-21-2011, 12:29 PM
If it wasn't that much you wouldn't be worried to blow it somewhere.

Thats such a stupid statement. He's right in that the grand scheme of things 30 thousand isn't going to be that much but that doesn't mean he should go out and buy 30,000 dollars worth of hookers and blow.

DMC
02-21-2011, 12:32 PM
Also, sounds strange, but guns are always a good investment. Not collector items guns, those are a bit risky, but actual guns. Look into transferable class 3 subguns. Their price never drops, only increases. You can get a couple Colt M-16s for that money, hold on for a couple of years, maybe get 25% or more in return. Or you can buy one Thompson. They are going for about 30K for one in really good condition.

mrsmaalox
02-21-2011, 12:32 PM
Has Mouse seen this thread yet?

desflood
02-21-2011, 12:41 PM
www.vanguard.com

ShoogarBear
02-21-2011, 12:50 PM
www.vanguard.com

I was trying to avoid recommending specific companies, but they have a very good philosophy for beginning investors.

DMC
02-21-2011, 01:18 PM
http://www.bottomlinerecycling.com/wp-content/uploads/2010/10/High-Pressure-Sodium-HPS-grow-light-Lights-in-hydroponics-gardening.jpg


30K, not 30 years

Nick Manning
02-21-2011, 01:26 PM
Thats such a stupid statement. He's right in that the grand scheme of things 30 thousand isn't going to be that much but that doesn't mean he should go out and buy 30,000 dollars worth of hookers and blow.

Charlie Sheen diet ftw.

Go for it, you only live once, but the stories from it will go on forever :tu

FalleNxWiZarDx
02-21-2011, 01:27 PM
Depends on whether your goal is for long-term investing (retirement) or short-term investing (saving for a purchase).

Unless you're a market hot-shot or willing to spend every day poring over the financial pages, then low-cost index mutual funds are probably the best way to start.

There's plenty of good places for information out there, i.e., http://www.investopedia.com/university/mutualfunds/ The Club is probably not one of them.

thank you very much for sharing this with me! I will make time to read that

Drachen
02-21-2011, 02:24 PM
thank you very much for sharing this with me! I will make time to read that

Also, depending on your level of expertise in the market you may want to pick up the "Little Book" Series (as in "The Little Book of Big Dividends"). They have a whole plethora of different subjects. Each book is about 100 pages long and is built to be easy to understand. They will not make you a guru, but may give you enough info to know the direction you would like to go in order to further your research.

Education is probably your best (initial) investment here.

silverblk mystix
02-21-2011, 02:40 PM
Pay a consulting fee to a financial advisor...I went with American Express Financial Advisors--but you can go anywhere you feel comfortable...and go with a person you feel comfortable with.

I would look into investing for retirement...30k is a good start...then you can put in a set amount every month...in time...you can start thinking early retirement...good luck.

Dr. Gonzo
02-21-2011, 02:42 PM
Buy a Taco Bell restaurant.

Slydragon
02-21-2011, 02:44 PM
Bunny ranch, not all just some.

coyotes_geek
02-21-2011, 02:50 PM
Get yourself an index fund.

Bito Corleone
02-21-2011, 03:00 PM
Gold coins.

Look at the ROI on gold over the past year.

I know someone who can hook you up, legit, worldwide firm.

It's "buy low and sell high" not the other way around. I'm not saying Gold has reached it's peak, but the return most likely won't be anywhere near the performance of the past few years in the short term future.

If you're interested in gold, it'd be better to invest in Govt/treasury bonds...low yield, but zero risk, and the earnings are tax free. Even blue chip stocks (ibm, apple, etc.) would be a better investment in the long term. Slow and steady growth.

fraga
02-21-2011, 03:11 PM
Depends on how long you can wait...if this money is expendable...dump that shit into a Roth IRA and pick out some good Mutual Funds...if you need fast money...play the stock market...probably watch it all go down the tubes...mid range length of time would be maybe CD's for a couple of years at a decent rate...you should probably consult an actual Financial Advisor though...

BlackSwordsMan
02-21-2011, 03:17 PM
Make a hospital in a shithole country.

Hooks
02-21-2011, 03:21 PM
Invest in a pound or two of dro, that's an EASY $11,350 for 1lb in your pocket. I'm not sure how much it'll cost you though, prolly around 2-4 G's, so that's at least 7 g's back in your pocket.

1 gram=$25
1lb=454 grams

454x25=$11,350

Use a prepaid cell phone so the cops can't track you, throw that celly away, sell your green at parties, you can find A LOT of buyers there, make sure to get their #'s and tell them to talk to you in code. Or go to a random parking lot and ask some teens if they want to buy some green, if they decline just drive off. Go to a b-ball park and try to get to know some fools and see if they're interested.


Easy as 1,2,3!

BlackSwordsMan
02-21-2011, 03:22 PM
I like the way Hooks thinks.

HighLowLobForBig-50
02-21-2011, 03:24 PM
$30,000 crack party tbh

coyotes_geek
02-21-2011, 03:25 PM
Be careful paying for a financial advisor. If you're young, you don't need the money anytime soon and just want to park it someplace to grow until you decide what you want to do with it, you can either go buy a mutual fund or you can pay a financial advisor a couple hundred bucks to tell you to go buy a mutual fund.

Depending what your situation is, you may even have access to financial advisors for free and not know it. If you're employed and your employer offers a 401k, whoever administers your employer's 401k plan probably has advisors you can talk to for free.

silverblk mystix
02-21-2011, 03:29 PM
Be careful paying for a financial advisor. If you're young, you don't need the money anytime soon and just want to park it someplace to grow until you decide what you want to do with it, you can either go buy a mutual fund or you can pay a financial advisor a couple hundred bucks to tell you to go buy a mutual fund.

Depending what your situation is, you may even have access to financial advisors for free and not know it. If you're employed and your employer offers a 401k, whoever administers your employer's 401k plan probably has advisors you can talk to for free.

Somewhat true.

You can also learn a lot by paying for your consultation as a good advisor may suggest good ideas and may set up a portfolio for you so you can have a plan for the future. A financial advisor can steer you away from the scams and the high risk investments-if he is good and wants to keep working for you in the future.

It is worth the consulting fee.

DMC
02-21-2011, 03:54 PM
Invest in a pound or two of dro, that's an EASY $11,350 for 1lb in your pocket. I'm not sure how much it'll cost you though, prolly around 2-4 G's, so that's at least 7 g's back in your pocket.

1 gram=$25
1lb=454 grams

454x25=$11,350

Use a prepaid cell phone so the cops can't track you, throw that celly away, sell your green at parties, you can find A LOT of buyers there, make sure to get their #'s and tell them to talk to you in code. Or go to a random parking lot and ask some teens if they want to buy some green, if they decline just drive off. Go to a b-ball park and try to get to know some fools and see if they're interested.


Easy as 1,2,3!

This right after a thread about your mom receiving something from UPS.

Webster, meet Loser

Dr. Gonzo
02-21-2011, 04:02 PM
i won the lottery, 150 million dollars, but the government is holding the money until i can pay the $30,000 in taxes on it (money i don't have)
if you send me a cashiers check with the money, I will split the lottery winnings with you 50/50

PM me with your SSN, birthdate, checking account number, routing number and full name, and I'll give you my address

That sounds like a legit offer. I would do it in a heartbeat.

Buddy Holly
02-21-2011, 04:06 PM
http://images2.memegenerator.net/ImageMacro/3888701/NIGERIAN-PRINCE-SON-WERE-RICH.jpg

Hooks
02-21-2011, 04:12 PM
This right after a thread about your mom receiving something from UPS.

Webster, meet Loser


Yep, I'm not following you. Explain.

RandomGuy
02-21-2011, 04:32 PM
Hi guys!

I have 30 Thousand dollars to invest on something or buy something

Need some help on what to do in reguards to investing....



any help would be great! thanks alot

Coca Cola.

Pick the dividend reinvestment program.

Depending on when you need the money, pick a self-directed Roth-IRA, or a straight up investment account.

JoeChalupa
02-21-2011, 05:19 PM
Has Mouse seen this thread yet?

My thoughts exactly. :lol

Lebowski Brickowski
02-21-2011, 05:31 PM
Buy the Cavs.









snap.

baseline bum
02-21-2011, 05:39 PM
Bunny ranch, not all just some.

Did you ever see what those women look like on the HBO show? Hideous, and they think that ass is worth a couple G? The most expensive one had a face that looked like Clint Eastwood's.

The Reckoning
02-21-2011, 05:43 PM
treasury bonds

FalleNxWiZarDx
02-21-2011, 05:58 PM
Thanks alot guys!


Im 26 years old right now so its a little scary for me to be holding all this money... I just want to do the right thing and the smart thing to make this money last.


man.... it wasnt long ago that I dreamed of having alot of money and what my plans where if I was rich.... but now that I have this money I have no clue on what to do with it......

Thanks alot for reading and helping me out

4>0rings
02-21-2011, 06:25 PM
Buy oil, when 2012 comes along and everyone starts going crazy due to an impending apocalypse, oil prices will go sky high as everyone is going to hold as much as possible.... just in case.

PakiDan
02-21-2011, 06:44 PM
I've got the perfect investment. It will yield you a guaranteed 25% profit compounded over 6 months. Meet me tonight on IH-10 west at the Camp Bullis Exit. Turn right on camp bullis and stop when there are no more street lights. Bring the cash in a paper bag. DO NOT tell ANYONE that you are meeting me tonight, as I do not have more than one opportunity and cannot give this offer to anyone else. Also, please leave your cell phone at home. See you tonight! 11:30 PM!

PM5K
02-21-2011, 07:02 PM
Mouse wanted me to tell you that if you finance his next film he'll name it after you, and give you producer credit.

mouse
02-21-2011, 07:21 PM
Due to the droughts in China food is expected to double in prices over the next 8 months.
there should be stocks that are related in rice and basic commodities.

As for my film its already finished, and paid for.
What happened I ran into a last minute snag when the film festival requested the film to be converted to dvd and my film was 30 gbs, After converting it and sizing it down I had a problem with synchronization and it cost me 120.00 an hour at DubKing to get it fixed.

Since the SAFilm deadline is four days away I asked anyone here in the club who had an extra 90.00 dollars I would make them executive producer, and for that I was ridiculed and called a worthless low life beggar.

HighLowLobForBig-50
02-21-2011, 07:45 PM
Since the SAFilm deadline is four days away I asked anyone here in the club who had an extra 90.00 dollars I would make them executive producer, and for that I was ridiculed and called a worthless low life beggar.

i would have chipped in fwiw. never saw the thread.

I. Hustle
02-21-2011, 07:52 PM
Something that has withstood the test of time. Hookers and coke

Liar
02-21-2011, 08:08 PM
i would have chipped in fwiw. never saw the thread.

Same here.

I. Hustle
02-21-2011, 09:31 PM
Same here.

Vinnie_Johnson
02-21-2011, 09:32 PM
Coke and Hookers.

ShoogarBear
02-21-2011, 10:04 PM
Since the SAFilm deadline is four days away I asked anyone here in the club who had an extra 90.00 dollars I would make them executive producer, and for that I was ridiculed and called a worthless low life beggar.

You didn't think to pm Jim?

Smart Ass
02-21-2011, 10:23 PM
Due to the droughts in China food is expected to double in prices over the next 8 months.
there should be stocks that are related in rice and basic commodities.

As for my film its already finished, and paid for.
What happened I ran into a last minute snag when the film festival requested the film to be converted to dvd and my film was 30 gbs, After converting it and sizing it down I had a problem with synchronization and it cost me 120.00 an hour at DubKing to get it fixed.

Since the SAFilm deadline is four days away I asked anyone here in the club who had an extra 90.00 dollars I would make them executive producer, and for that I was ridiculed and called a worthless low life beggar.

I beg to differ.

ChuckD
02-22-2011, 12:16 AM
Get yourself an index fund.

No shit. My Roth IRA broad market index fund (Dow/NASDAQ) made 28% in the last 12 months. Market's about to correct soon, though. Might want to wait 6 months.

mouse
02-22-2011, 02:33 AM
You didn't think to pm Jim?

Using Pm's doesn't allow the average visitor to the club the opportunity to take part in a very rare event.

The SAFilm festival is only once a year and for someone here at the Club to get an opportunity to not only screen the premire of this award winning Documentary film but to also get to sit next to the winner of the 2011 short film awards is not something that comes around that often.

jman3000
02-22-2011, 11:35 AM
I'll take it. My scottrade account has risen 45% since early November.
http://69.147.103.179/us.f575.mail.yahoo.com/ya/securedownload?fid=Inbox&mid=1_2401655_AE9kxEIAAEn1TWPkDgyVbRTMY0c&pid=2&tnef=&YY=1298392162119&newid=1&clean=0&inline=1&cred=deA3IKyTUwLMmbesvQz2GdVaN1tYz.aePq2yFKDVU73Ji g6q_YtRkrNHc3J82rje6ac72IEMd2CYgdxs5PJ3LEUUPi2lBLq cDYZPLzFzKH7r9MKD_uGvMmXC8i.1d9v7xWl9Oiq_Ou2pgqM-&ts=1298392229&partner=ymail&sig=2a2KCRMqqZMO0.sWewXoJQ--

Other guy is right in saying that a correction is coming soon, though. I'm out of the market as of last week (hence the flat line at the end). Could feel the bad juju.

Brutalis
02-22-2011, 12:12 PM
Assuming the money is not stolen, you should just be safe about it and give it to me and I'll hook ya up.

CosmicCowboy
02-22-2011, 01:56 PM
Short term?

I'd buy Apple stock on news of Steve Job's deteriorating health. A lot of emotional selling going on and there is no logical justification for the recent price slide...With the earnings growth Apple is having there is no reason for that not to be a $450 stock in less than 12 months. Very little downside risk and you should be able to turn that 30K into 40K quickly.

coyotes_geek
02-22-2011, 03:11 PM
Down $10 into the $340 range last I checked.

The Reckoning
02-22-2011, 03:41 PM
only reason CC tells you this is so his stock will go up. the stock market is supposed to be a gamble...a giant lottery. if youre not gambling, youre engaging in insider trading, and we all know where that lands you.

ill be conservative, unless i really have alot of money to blow, and invest my money in US treasuy bonds. by the time the US defaults on a loan, the stock market will be far gone.

or...i could not get married, live off a small percentage of my income, invest all my money into volatile stocks, up-and-coming businesses and foreign treasuries, and then retire at the age of 40 (or die poor, and in the event, it was worth trying).

so much to do, so little time.

bus driver
02-22-2011, 03:44 PM
30K, not 30 years

he has to get caught first.

this is a good investment !

coyotes_geek
02-22-2011, 03:50 PM
only reason CC tells you this is so his stock will go up.

:lol

About 15 million shares of Apple trade each day. CC talking the OP into buying about 90 of them isn't going to move the stock price one bit.

The Reckoning
02-22-2011, 03:57 PM
:lol

About 15 million shares of Apple trade each day. CC talking the OP into buying about 90 of them isn't going to move the stock price one bit.


a fortune is made in pennies, and as enterprising and scrimpy as contractors are, i wouldnt put it passed him.

coyotes_geek
02-22-2011, 04:07 PM
a fortune is made in pennies, and as enterprising and scrimpy as contractors are, i wouldnt put it passed him.

90 shares out of 15 million isn't even 1/1000th of a penny.

The Reckoning
02-22-2011, 04:12 PM
90 shares out of 15 million isn't even 1/1000th of a penny.


yeah, CC is really senile, but hey, whatever floats his boat.

Gordon Gekko
02-22-2011, 04:57 PM
I could take that 30K and make 30 million in record time.

FalleNxWiZarDx
02-22-2011, 04:59 PM
I could take that 30K and make 30 million in record time.

oh yea?

plz explain

jman3000
02-22-2011, 05:52 PM
meh Apple is ok... if you want real returns quickly you have to stick with micro/small/or mid cap stocks. They have the agility to make big moves relatively quickly. I've bought and sold Abraxas Petroleum 3 times in the last couple months and made 6% in 3 days, 16% in 7, and, most recently, 21% in 5.

I'll take that over 20% in a year any day. Apple's too much of a behemoth to make me interested.

Drachen
02-22-2011, 06:25 PM
meh Apple is ok... if you want real returns quickly you have to stick with micro/small/or mid cap stocks. They have the agility to make big moves relatively quickly. I've bought and sold Abraxas Petroleum 3 times in the last couple months and made 6% in 3 days, 16% in 7, and, most recently, 21% in 5.

I'll take that over 20% in a year any day. Apple's too much of a behemoth to make me interested.

If you are doing that well, then you might want to look into options. You would have exponentially increased your returns.

mouse
02-22-2011, 07:08 PM
If you would have invested in oil yesterday before the Libya unrest you would have made some cash already.

http://montreal.ctv.ca/servlet/an/local/CTVNews/20110222/mideast-oil-prices-110222/20110222/?hub=MontrealHome

Shelly
02-22-2011, 08:14 PM
Short term?

I'd buy Apple stock on news of Steve Job's deteriorating health. A lot of emotional selling going on and there is no logical justification for the recent price slide...With the earnings growth Apple is having there is no reason for that not to be a $450 stock in less than 12 months. Very little downside risk and you should be able to turn that 30K into 40K quickly.

I bought AAPL a little over 2 years ago at $109--sold half when it doubled. I'm sitting pretty with it and unfortunately, it's my only stock that makes decent money.

The Reckoning
02-22-2011, 08:16 PM
see all the insider trading going on in this thread? (sup 50 cent)

i see your little schematics, apple stock owners, and im not biting.

I. Hustle
02-22-2011, 10:01 PM
If stocks are what you are looking for then might I suggest investing in the adult industry?

Buddy Holly
02-23-2011, 02:00 AM
Fallen, did you get my PM?

jman3000
02-23-2011, 07:42 AM
If you are doing that well, then you might want to look into options. You would have exponentially increased your returns.

My friend, who is considerably older than me, has a lot of experience in the markets and told me he did really well until he got in over his head with options and lost his ass off. He's somewhat of a mentor and I take his experience serious.

Our methodology is sound and starting from Jan 1st, each of us will most likely reach 100% return before July starts.

My biggest mistake in the past few months was buying TSO at 16.47 in December and selling at 18.12 (10%). If I had just put a trailing stop of 5% and let it ride, I would be sitting at a near 50% gain in just 2 months.

jman3000
02-23-2011, 07:52 AM
fwiw almost every san antonio area stock has been killing it the last few months. VLO, TSO, AXAS, RAX, KCI, and GSB have all made huge runs as of late.

I missed catching GSB by 1 penny at 2.01 when I set my limit order for 2.00. I canceled the order because I left for new york during new years and didn't wanna mess with it. It fell to 1.89, climbed to 2.40ish, dropped back to 2.00 and now sits in the 2.70's (all that in a little more than a month and a half).

Drachen
02-23-2011, 09:04 AM
fwiw almost every san antonio area stock has been killing it the last few months. VLO, TSO, AXAS, RAX, KCI, and GSB have all made huge runs as of late.

I missed catching GSB by 1 penny at 2.01 when I set my limit order for 2.00. I canceled the order because I left for new york during new years and didn't wanna mess with it. It fell to 1.89, climbed to 2.40ish, dropped back to 2.00 and now sits in the 2.70's (all that in a little more than a month and a half).

The year I began teaching myself to invest (1994) KCI went from a penny stock to over 10 dollars. I just remember reading that it was a 10000% increase!

As far as GSB, that volatility is perfect for trading options. I would do some major reading on it, of course, before starting. You can put a trailing stop loss on it, just like stocks so that you don't "lose your ass." I am in no way an expert, I have been reading up for about a year and am still "playing" with minor amounts (about 100 dollar limit per position). However it is not unheard of to see 60-70% increases on the back of a 3% increase in the underlying stock.

CosmicCowboy
02-23-2011, 10:01 AM
meh Apple is ok... if you want real returns quickly you have to stick with micro/small/or mid cap stocks. They have the agility to make big moves relatively quickly. I've bought and sold Abraxas Petroleum 3 times in the last couple months and made 6% in 3 days, 16% in 7, and, most recently, 21% in 5.

I'll take that over 20% in a year any day. Apple's too much of a behemoth to make me interested.

Of course you can make bigger percentage returns in small cap stocks because of the volatility...the small caps can move the other way just as fast. I offered him Apple as a buy and hold option that had very little downside, if any and a big upside...I realize a current P/E of 19 doesn't look great for an average company but with sales of I-phones and I-pads expanding geometrically as the Asian markets evolve and the 5th generation phone hitting the market in a few months Apple stock is looking at a great year...

The_Worlds_finest
02-23-2011, 11:56 AM
put it all in ford

Sisk
02-23-2011, 08:26 PM
put it all in ford

Ford has been great for me tbh..

Blake
02-23-2011, 08:34 PM
Thanks alot guys!


Im 26 years old right now so its a little scary for me to be holding all this money... I just want to do the right thing and the smart thing to make this money last.


just curious, how did you make your 30k?

mouse
02-23-2011, 10:59 PM
gas shot up again your 30,000.00 would have been 37,000.00 by now.

angrydude
02-24-2011, 12:58 AM
Just so you know, the stock market is going to crash in july.

johnsmith
02-24-2011, 01:04 AM
Just so you know, the stock market is going to crash in july.

Predictions for July eh? I predict Mouse will still be overweight and unemployed.

Pick of Destiny
02-24-2011, 01:08 AM
Play the market and hope for the best.

Sisk
02-24-2011, 11:31 AM
just curious, how did you make your 30k?

People die every day.

FalleNxWiZarDx
02-24-2011, 12:54 PM
just curious, how did you make your 30k?


inheritance




I'v decieded to buy my girlfriend a new car..... I love her and she deserves it.... the rest will be sitting on my saving account for emergencys...


After long Research... 30 K is not to much money in the big picture

The Reckoning
02-24-2011, 01:03 PM
inheritance




I'v decieded to buy my girlfriend a new car..... I love her and she deserves it.... the rest will be sitting on my saving account for emergencys...


After long Research... 30 K is not to much money in the big picture


trolls will be trolls unless youre a complete whipped fucktard.

Sisk
02-24-2011, 01:27 PM
inheritance

Called that, tbh.

And if you're not trolling and are actually buying your girlfriend a car............................................ you're a complete idiot.

DisgruntledLionFan#54,927
02-24-2011, 01:41 PM
Awesome.

CuckingFunt
02-24-2011, 01:55 PM
Sounds like a good investment strategy.

to21
02-24-2011, 02:18 PM
And if you're not trolling and are actually buying your girlfriend a car............................................ you're a complete idiot.
putting the pu55y up on a pedestal tbh.

jman3000
02-24-2011, 03:42 PM
bought axas at 5.30 yesterday. Already up to 5.75 as of now. Quick 10% gain and now I'm out.

Wild Cobra
02-24-2011, 05:11 PM
Pay a consulting fee to a financial advisor...I went with American Express Financial Advisors--but you can go anywhere you feel comfortable...and go with a person you feel comfortable with.

I would look into investing for retirement...30k is a good start...then you can put in a set amount every month...in time...you can start thinking early retirement...good luck.
This is probably a good start, but I prefer mutual funds.

I would wait to file taxes till after putting the maximum allowed into a self directed IRA for 2010, and place a maximum for 2011 as well. This money would become tax free. If you want to invest all the $30k, have a non retirement mutual fund account also. Some can also be used like checking accounts. You could also pick some traditionally stable stocks like GE that pay quarterly dividends. Get enough different stocks that pay dividends, and you might eventually be able to live just on that.

Wild Cobra
02-24-2011, 05:14 PM
Depends on how long you can wait...if this money is expendable...dump that shit into a Roth IRA and pick out some good Mutual Funds...if you need fast money...play the stock market...probably watch it all go down the tubes...mid range length of time would be maybe CD's for a couple of years at a decent rate...you should probably consult an actual Financial Advisor though...
The ROTH may or may not be a good idea. Depends on your current tax rate vs. what you expect your future tax rate to be. Don't want to pay the 28% or 31% tax rate on the money you save if you could pay the 15% or 25% rate when you take it out instead.

Wild Cobra
02-24-2011, 05:15 PM
oh yea?

plz explain
Trolling trolling trolling...

Wild Cobra
02-24-2011, 05:17 PM
After long Research... 30 K is not to much money in the big picture
But do you know how compound interest works?

Wild Cobra
02-24-2011, 05:22 PM
With a 7% annual compound interest, $30k becomes $228,367.65 after 30 years. If you add $10k each year, it is $1,172,975.51 at the end of 30 years.

It would actually be more, I did a simple calculation that added $10k after the interest instead on monthly or biweekly additions.

Gordon Gekko
02-24-2011, 05:55 PM
oh yea?

plz explain

Information my friend,....information.

FalleNxWiZarDx
02-24-2011, 05:59 PM
This is probably a good start, but I prefer mutual funds.

I would wait to file taxes till after putting the maximum allowed into a self directed IRA for 2010, and place a maximum for 2011 as well. This money would become tax free. If you want to invest all the $30k, have a non retirement mutual fund account also. Some can also be used like checking accounts. You could also pick some traditionally stable stocks like GE that pay quarterly dividends. Get enough different stocks that pay dividends, and you might eventually be able to live just on that.


Thank you sooo much for this info!
will definitely look info into this :D

jman3000
02-24-2011, 06:03 PM
Refiners have been taking a pretty bad beating this week, with most of the ones on my watch list dropping 10+%. Looks like today might have been a bottom as a couple climbed into the green and after market trading has most others going green as well.

Put a small amount into WNR at 15 a little after 2 today. Sitting at 15.37 at close and after hours trading has it at 16.64. Shoulda put more in, but it was a hunch only and I didnt' wanna risk it.

jman3000
02-24-2011, 06:04 PM
The money this guy has is gonna be blown. 100% chance.

The fact he can't see GG for the comedic relief that he is is almost painful to watch.

Gordon Gekko
02-24-2011, 06:04 PM
Thank you sooo much for this info!
will definitely look info into this :D

I would say the most valuable commodity is information? Wouldn't you agree?

jman3000
02-24-2011, 06:06 PM
MVIS at 1.50 was a good put imho. It's down 70 cents since last week, but its potential will keep investors from having it drop too low....i hope.

MGIC is looking good for next week as well.

Wild Cobra
02-24-2011, 07:03 PM
you are one stupid son of a bitch if you are going to spend that money on your girlfriend

(unless you buy a bmw...and it's for you and not your girlfriend)
Well, I'm assuming $30k doesn't come around much for him, and in that case, i would agree. However, I have given a girl some pretty spendy gifts in the past. But I was making 6 figures too. $30k is like an annual income for some. At times, I treated it like weekend blowout money.

ShoogarBear
02-24-2011, 07:49 PM
inheritance




I'v decieded to buy my girlfriend a new car..... I love her and she deserves it.... the rest will be sitting on my saving account for emergencys...


After long Research... 30 K is not to much money in the big picture

Dude. Come on.

Cant_Be_Faded
02-24-2011, 07:53 PM
MVIS at 1.50 was a good put imho. It's down 70 cents since last week, but its potential will keep investors from having it drop too low....i hope.

MGIC is looking good for next week as well.

Are you dealing in small and mid caps with the bulk of your portfolio?

mouse
02-24-2011, 10:05 PM
meanwhile gas just went up again.................

jman3000
02-25-2011, 04:27 PM
Are you dealing in small and mid caps with the bulk of your portfolio?

Mostly small-mid... but a couple micro and a couple large.. no mega.