Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
How To Invest?  
User currently offlineTZ757300 From United States of America, joined Aug 2005, 2867 posts, RR: 6
Posted (6 years 7 months 3 weeks 12 hours ago) and read 1407 times:

Well, I'm a college student, and money is always an issue on my mind. I always have the feeling that I just don't get the bang out of a buck that I should be, so here is my question, what are some ways that I could invest my money to get more money? I am pretty green to this area of knowledge, so I'm asking everyone here on this forum.

I do know that I want to be pretty certain that I'll get money from my investment. Losing money in college is not a great thing to look forward to.


LETS GO MOUNTAINEERS!
11 replies: All unread, jump to last
 
User currently offlineCheckraiser From , joined Dec 1969, posts, RR:
Reply 1, posted (6 years 7 months 3 weeks 12 hours ago) and read 1405 times:

This is a matter where you should seek the opinion of a competent, qualified professional, not A.net.

User currently offlineEMBQA From United States of America, joined Oct 2003, 9364 posts, RR: 11
Reply 2, posted (6 years 7 months 3 weeks 12 hours ago) and read 1395 times:



Quoting Checkraiser (Reply 1):
This is a matter where you should seek the opinion of a competent, qualified professional, not A.net.

Well said....!!

Now.... if you want to venture out on your own.....research..research....research...!! The number one thing I look for are companies that pay out dividends. The second thing I look for are companies that have a dividend reinvestment plan. The third.... companies that have a solid track record and have been a round for a while. STAY AWAY FROM AIRLINES....!!!! One of my best holdings in recent times.... John Deere (DE)



"It's not the size of the dog in the fight, but the size of the fight in the dog"
User currently offlineMattRB From Canada, joined Apr 2005, 1624 posts, RR: 9
Reply 3, posted (6 years 7 months 3 weeks 8 hours ago) and read 1351 times:

Dividend paying stocks  thumbsup 

That would be those stocks with a long, uninterrupted history of paying out (and consistently increasing that payout).

But yes, as said above - RESEARCH!



Aviation is proof that given, the will, we have the capacity to achieve the impossible.
User currently offlineAF340 From Canada, joined Jul 2007, 2786 posts, RR: 4
Reply 4, posted (6 years 7 months 3 weeks 8 hours ago) and read 1343 times:

I found a little article from the "Chartered Accountants of Ontario" on the Basics of investing:

http://www.icao.on.ca/MediaRoom/Medi...nvAdviceArticles/1009page6629.aspx

Quote:
"Lower-risk investments include savings accounts, guaranteed income certificates (GICs), bonds, mortgages and preferred shares. Higher-risk investments include various types of stocks and income trusts. Many people also include mutual funds in their investment portfolios. As a note of caution, some types of investments have embedded costs and fees, so it's important to ask about these in advance. "

Liam spin 


User currently offlineCoal From United States of America, joined Aug 2006, 2016 posts, RR: 9
Reply 5, posted (6 years 7 months 3 weeks 6 hours ago) and read 1321 times:

During college, the best investment is either NOT to have a credit card, or have one and pay in full each month.

Cheers
Coal



Nxt Flts: VA SYD-CBR-SYD | VA SYD-OOL-SYD | JQ SYD-MEL | VA MEL-CBR-SYD | DL SYD-LAX-ATL-MIA | B6 FLL-DCA-BOS | DL BOS-L
User currently offlineJ_Hallgren From United States of America, joined Jun 2000, 1507 posts, RR: 0
Reply 6, posted (6 years 7 months 3 weeks 4 hours ago) and read 1315 times:

For starters, keep your extra savings in a high yield money market account at least...such as offered by ING Direct or Emigrant Direct...these are FDIC insured yet pay in excess of 4%...ok, not that much buy way better than what you can get in a local bank but still having the ability to get at money within a couple of days via ACH transfers to/from these accts...

And as stated above, a good DRIP can be really worthwhile...I put in about $800 in SO (Southern Co, a utility) many years ago, and it's now worth over $20K...slow but steady can sometimes work better than fast and up/downs...

Whatever you do, just save it as soon as possible! The power of compounding will help a lot, and will alow you to slack off the saving a bit later when you may need the $$$ for more critical items, such as kids expenses....watch the littl;e stuff, like skipping any $4 coffees and see how quickly that would add up over a year.



COBOL - Not a dead language yet!
User currently offlineStasisLAX From United States of America, joined Jul 2007, 3280 posts, RR: 6
Reply 7, posted (6 years 7 months 3 weeks 4 hours ago) and read 1312 times:

I would highly recommend that you check out Vanguard's planning and education webpage. Vanguard is the largest "no-load" fund complex in the business.

Here's some more free advice - stay away from stock brokerage houses like Edward Jones, Wachovia Securities, and Merrill Lynch. My past experience with them all has been terrible - poor investment advice, at best... and criminal behaviors, at worst.

https://personal.vanguard.com/us/planningeducation

[Edited 2008-01-04 00:21:50]


"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety!" B.Franklin
User currently offlineZizou From Australia, joined Oct 2000, 1535 posts, RR: 4
Reply 8, posted (6 years 7 months 2 weeks 5 days 21 hours ago) and read 1263 times:

what does everyone think about commidity trading, like gold, oil, etc

Risky i know, but the returns are huge!


User currently offlineEMBQA From United States of America, joined Oct 2003, 9364 posts, RR: 11
Reply 9, posted (6 years 7 months 2 weeks 5 days 18 hours ago) and read 1246 times:



Quoting Zizou (Reply 8):
what does everyone think about commidity trading, like gold, oil, etc

Unless you know what you are doing very risky. Those that trade in those have up to the second market pricing... unlike our 15 minute delays. Huge shifts can happen withing minutes.. you miss it.. you're screwed.



"It's not the size of the dog in the fight, but the size of the fight in the dog"
User currently offlineHT From Germany, joined May 2005, 6525 posts, RR: 23
Reply 10, posted (6 years 7 months 2 weeks 5 days 17 hours ago) and read 1233 times:



Quoting TZ757300 (Thread starter):
what are some ways that I could invest my money to get more money?

Keep in mind: If you turn to any (!) professional, be aware that they live on fees that you will have to pay. Carefully check out their conditions.
When doing business with such people, make sure that they understand your intentions (= a majority of the money should be placed defensively and safe). Keep written records of this. This might be of (limited) help in case invested money gets bust when the broker placed it into a risky trade and you did not approve this.

Quoting TZ757300 (Thread starter):
I do know that I want to be pretty certain that I'll get money from my investment.

If you really do not want to take any risk, buy federal bonds.
The interest rates might be rather low, but they are a sure thing.
I am unaware about how to buy and store these in the U.S. but here in Germany one can buy 5-year and 10-year bonds directly from a government owned bank without any fees. They also will open an account for you and take care of it for free. The yearly positive interests (or it is called "yield" in this case ??) automatically get transferred into your homebank's account - so does the whole amount after 5/10 years.

There basically are 2 types of bonds on sale here in Germany.
The first is being traded on the stock exchange: Over the 5 or 10 years, it might be traded at less or more than 100% value. After 5 resp. 10 years the will be repaid at 100 %.
The second type is not traded on the stock exchange and may be sold back to the government only after 1 years and not more than 10,000 EUR (IIRC) per month.

If you are willing to take some limited risk, put the major share of your money into bonds and a smaller share into a managed fond. This should be one managed by a renowed company and the fond should clearly state its strategy. Be prepared that a fond temporarily may loose its value. You should have enough money in safe bonds that you will not get into a situation where you have to sell your fonds under intial value.
-HT



Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
User currently offlineYellowstone From United States of America, joined Aug 2006, 3071 posts, RR: 4
Reply 11, posted (6 years 7 months 2 weeks 5 days 17 hours ago) and read 1232 times:



Quoting EMBQA (Reply 9):
Unless you know what you are doing very risky. Those that trade in those have up to the second market pricing... unlike our 15 minute delays. Huge shifts can happen withing minutes.. you miss it.. you're screwed.

Trying to time any market is often a bad way to go. Dollar cost averaging tends to work better in the long run. If you try to time the market, you'll often get yourself into the situation where you buy something that you see going up, then sell when you see it start to go down. Now you've bought high and sold low, and your broker is laughing all the way to the bank on all the commissions he's making off your frequent trading.

(For those of you who don't know, dollar cost averaging is when you invest a consistent amount of money into your portfolio each month. If shares are cheap, you can buy more shares, and earn more profit on those shares when the values go back up. Likewise, when shares are expensive, DCA keeps you from blowing your money on overpriced investments. It's all about analyzing your financial situation, deciding what blend of investments is most likely to give the desired ratio of risk to reward, then sticking with that plan and not letting your emotions get in the way.)



Hydrogen is an odorless, colorless gas which, given enough time, turns into people.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Perhaps You Were Wondering How To Compose A Fugue? posted Mon Dec 3 2007 14:28:16 by LHMARK
How To Save The Airlines... posted Thu Nov 29 2007 11:19:01 by Jetjeanes
How To Convert ITunes To Mp3/cda posted Tue Nov 27 2007 05:36:23 by DeltaWings
Help! Need To Know How To Install Hard Drive posted Sat Nov 24 2007 06:19:47 by KevinSmith
Renewing Canadian Passport. How To Keep Old One? posted Thu Nov 15 2007 10:19:37 by VonRichtofen
Remembering How To Have Fun Without Alcohol posted Tue Nov 13 2007 14:13:34 by ConcordeBoy
How To Parallel Park posted Tue Nov 13 2007 11:37:12 by KaiGywer
How To Surf On A Different Port Than 80? posted Thu Oct 11 2007 10:24:28 by Runway23
How To Become A Bee Gee! posted Tue Oct 9 2007 14:07:47 by Cumulus
Carson City, CA. How To Get There? posted Tue Oct 2 2007 03:26:09 by Tsaord