Financial Guide to Designers
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- PonyBoy0
100!!!!!!!!
- PonyBoy0
ASS!!
- PonyBoy0
aw, man... I iz sorryzz!! :(
- joyride0
oh yeah!
- mpfree0
aw, man... I iz sorryzz!! :(
PonyBoy
(Nov 27 06, 12:08)IIZS
- tkmeister0
this thread has become a hang out place for 3 of us, almost...
- mpfree0
it's weird like that. I wish I could change ID's from one thread to another on the fly.
- joyride0
true, if 1 person learns something i'm happy. I wish I would have started this shit earlier.
And I would say almost 90% of people have no idea about investing. At least 90%, the rest just guess or something i don't know. It's kinda gambling, so it keeps me interested
- PonyBoy0
if you three don't mind... I'm going to go ahead and move my stuff on into this thread too...
... don't worry... I cook and clean...
... consider me a good 'investment'... (trying to stay in tune w/the thread)...
- mpfree0
Honestly, if I didn't have something automatically set-up to drain my bank account, I wouldn't do it. I'd spend it at the bar.
People complain about no retirement plan, etc.
Fuck that, make your own plan, you'd be surprised how much you'd save in a 25 year career if you put away $350 bucks a month.
It's in the millions.
:)
- tkmeister0
yeah, i started this thread with intention of letting designers know it's not about how much you make. it's about how you spend and save.
it's all about being smart with your money.
- PonyBoy0
hmmm...
... so... filing an extension two years in a row... and spending every dime I have earned in the last three years was a bad thing?
- mpfree0
hee hee yes, unless it was that crack whore you were talking about.
WOW, that must have been some night!
- joyride0
extensions are only bad if they owe you money. You're giving them a free loan.
But for real, just remember money doubles every 7 years, on average when invested wisely. you won't get that free money when it's just sitting.
- seed0
Do you have any tips for staying so in tune with what stocks to look out for, etc. I am very out of touch when it comes to that so for me it would be like gambling.
- joyride0
Seed,
I watch madmoney on cnbc a few times a week. another show I like is fastmoney on cnbc also. the time fastmoney is on seems to move around, but it's a pretty good show. and most of the time, i'm doing other things and its just on on the background so I half pay attention, but you get the feel for how the market is moving. I would also recommend jim cramers book. sane investing in an insane world. Teaches you the fundamentals and it really is a quick read Plus it's cheap, like 12$
But the best tip I've been given is just just pay attention. Listen to tips, then evaluate it your self. The double your money stock in 2-6 months rarely happens and your doing good if you're at 10%/year return.
- seed0
Cool thanks for all the advice. Ill probably get that book and keep watching his thread. I've been impressed with your posts.
- tkmeister0
my morning reading
yahoo! finance
cnn finance
thestreet.comthere are a lot of articles that features hot stocks and etc. i spend about 1/2-1hr reading through.
also, there are a lot of funds that returns over 20%. so if you don't wanna spend much time doing research on day to day basis, funds are recommended. i have 4 funds which are mostly doing pretty well. when you buy funds, you should check the history on fund managers. there are some well known so you may wanna buy those funds.
back to stocks, i usually buy around 100 shares on the company i pick. i think it's silly to buy 10shares(unless Berkshare, Google or anything expensive). because you'll be spending money on transaction fee and it's not worth it. also, i try to stay put through the rough time if i believe in the company. i made my mistake in cisco which i bought at 16, now up to 26... don't expect to make quick cash. it's actually a lot of work and patience is the key.
like joyride says, annual 10% return is not bad for amateurs. if you can do 20% that's even better. there are guys out there who are killing the market and doubling their value every year if not more.
i wanna do well to beat 30% annually, but i am just dreaming...
- mpfree0
I love the fact that like 4 maybe 5 people contribute to this thread. LOLz
Insane.
INVEST YOUR FUCKING MONEY!
- joyride0
oh and if you're really gonna look for stocks to invest/trade then have money in your account, or set up a margin account and be ready to act. When AAPL was down in the low 50's I had to cut a check, send it, wait 3 business days to clear and by then, the good buy was over. Of course in hind site, it was still a steal in the 60's. but the key is, having the means to buy when you want without delay.