Investment Advice
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- fugged
If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 left. With Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.
Based on the above, my current investment advice is to drink heavily and recycle.
- Mimio0
I agree, I think the stock market sucks, such a gamble.
- jpea0
+1
:)
- inspiration0
the market makes a lot of money if you know what you're doing.
i don't, so i keep my money in a bank that fleeces me with interest rates that barely cover inflation.
go figure.
- todelete__20
if you had invested that money in a hooker you would have gotten crabs, the clap and genital warts, costing you $383.29 at the hospital.
much better investment.
:)
- Mimio0
Anything outside of a sheltered account (IRA, Mutual fund etc.) is witchcraft as far as I'm concerned.
- Mimio0
If you drink that much beer, you might want to invest in diapers as well.
- tkmeister0
i made over 2k with stocks...
- tkmeister0
oh, and planning to spend on booze and hookers...
- HumanMale0
ISA's all the way baby...
You can get some pretty hot interest rates these days...
Online banks seem the way to go.
- F_180
mutual funds and ira's aren't sheltered. they can lose money just as easily as stocks.
- Mimio0
*tax-sheltered
- F_180
not all mutual fund are tax sheltered. most of them aren't. and ira's are only tax sheltered to a certain degree. the lowdown is that investment is risky, costs money, and is worth it in the long run if youre willing to ride the market out over 5-10 years at a time.
- jimeeboy510
if you guys want a savings account with 4% day to day compounded interest, I suggest using EmigrantDirect
http://www.emigrantdirect.comThe only problems is that getting money in and out of there takes 3-4 business days, so make sure you have money in your checking account as well.
ING Direct is 3.5% right now. If you deposit $250, you get a free $25 if you are refered, so email me so I can refer you. If your moola is just gonna sit there, might as well make more out of it!
- tkmeister0
ING has 4.12% CD.
that's a good deal, i think.
- bklyndroobeki-1
Would you invest in LinkedIn?
Thinking on it (for next year).
- fadein110
Only problem is Budweiser tastes like rats piss.
- omahadesigns1
Lesson: Don't buy stocks when the company is in their prime. Beware of Apple.
- Decent advice. LinkedIn is so new it's hard to define a prime. Apple is not far from where they were 3 years ago, too.monospaced
- bklyndroobeki-1
I think it would be good to invest in something in a couple years. In addition to my retirement fund.
- I read an article there is going to be corporate debt crunch. so prob those companies that dont have large debt circulating.yurimon