I want to invest some of my money. Where do I start?

[MagicMan]

I want to invest in the stock market, or whatever else will make me some money, but know nothing about the market blah blah.

So what should I do & where should I start?

[Spaz]

I want to invest in the stock market, or whatever else will make me some money, but know nothing about the market blah blah.

So what should I do & where should I start?

start with low risk mutual funds... and also if you don't have a 401k or IRA set up already then do it now...

[310stanger]

I want to invest in the stock market, or whatever else will make me some money, but know nothing about the market blah blah.

So what should I do & where should I start?

get a roth ira. it even helps you on your taxes. put the max in per year if you can swing it and you'll have a huge wad of cash at retirement.

[Stone]

Wherever you start you need to do alot of research........im talking quarterly to annually and beyond.......dont go to anything blind

[310stanger]

start with low risk mutual funds... and also if you don't have a 401k or IRA set up already then do it now...

excellent advice.

[310stanger]

the advice spaz gave is great advice because theres a guaranteed yield of return. Start saving in ira's and 401ks now, its much harder when you are older. You will have to work so many more years later in life if you dont start now.

[SSwt00SS]

start with a 401k first and max it out. then move onto IRA's and money market accounts. regardless of what you choose to do DIVERSIFY in it all...

[SexOnWheels]

Where the heck is FUTURETRADER when we need advise on stocks and investments?

He was a good member and quite a character.

[Spaz]

Where the heck is FUTURETRADER when we need advise on stocks and investments?

He was a good member and quite a character.

he lost all his money and went in to his garage closed the doors and turned on his car... j/k

[MagicMan]

get a roth ira. it even helps you on your taxes. put the max in per year if you can swing it and you'll have a huge wad of cash at retirement.

Already have 1. Have not been able to put anything in b/c of my work situation this past year.

I don't have my IRA setup for anything special. It just sits there & collects peanuts for interest.

[SexOnWheels]

he lost all his money and went in to his garage closed the doors and turned on his car... j/k

But he had such a fleet of cars which one did he have running?

[StangKiller615]

start with low risk mutual funds... and also if you don't have a 401k or IRA set up already then do it now...

Right on Spaz, I was going to say the same.

[FuxOnTheFirstDate]

Though risky, stock options can make money scary fast. They can also lose money scary fast. The greater the risk the greater the reward. The less the risk, the less the reward.

Here is a basic example. You want to buy an option on XYZ company. XYZ company is currently trading at $50 a share. The option you want, betting that the stock will go up in price, is $1.25. The stock goes to $55. The option goes to $2.50 or higher. While the stock only moved a little bit, the option doubled or more in price. A lot of money can be made with options very quickly if you do your homework and understand them. I've been kicking some serious ass in my virtual/fake trading account. I started with $500,000 in it on 12/1/06 and as of right now it is worth $842,655.89. Unfortunately I'm a broke college student so I only have like $2,000 in my actual trading account.

[310stanger]

Already have 1. Have not been able to put anything in b/c of my work situation this past year.

I don't have my IRA setup for anything special. It just sits there & collects peanuts for interest.

Yeah it doesnt really help unless you're contributing to it. I try to get the maximum in for the year every year and theoretically I could have a million dollars from it at 50. Not bad at all.

[Spaz]

Yeah it doesnt really help unless you're contributing to it. I try to get the maximum in for the year every year and theoretically I could have a million dollars from it at 50. Not bad at all.

even $20.00 a week is giong to make a massive impact on a IRA account... $20.00 a week in nothing... for some people that is two hours, hour,1/2 hour, of work... your not really going to miss taht $20.00 that much... *so you can't get a few packs of smokes or a few breakfast sammiches...*

oh... and if you ever make a premature withdraw from a IRA account or other make sure that you with hold 10% so you don't get butt fucked at the end of the year with taxes...

[Modulistic]

Silver is finding new uses every minute, on top of its myriad industrial uses.

silver iodide is placed in baby eyes to prevent infection.. its a time honored antibiotic. burn wards have used bandages dipped in low concentration silver solutions for a hundred years. they used to put a silver coin in milk to keep it fresh longer.

new washing machines inject silver ions and dont need detergent. silver water filters and disinfectants. silver impregnated hospital blankets fight germs. silver impregnated underwear and socks never stink. Curad silver bandages on are sale right now.

those defroster lines in your rear mirror? silver
need a high dollar electrical contact?
need a photgraph developed? silver
mirrors use silver, electrical contacts that dont arc, etc etc etc
circuit boards.. silver

Silver is being used up faster than it can be mined. there are two classifications for silver, above ground and below ground. above ground silver stands for silver that has been mined and is accounted for. there is more above ground GOLD than there is above ground SILVER, the reason being that gold doesnt have near as many industrial uses as silver. silver has been consistently used up since it stopped being used as a currency decades ago. the stockpiles are keeping the price of silver low because it is cheaper to use up the stockpiles of silver instead of mine it at a huge cost. silver mines have shut down and opening them is a years long process. it is my opinion that silver is set to go very high once large scale buying of silver for new industrial applications take place and the limited quantity available for industrial use.

The best thing is, you can go to a coin store and buy junk silver. junk silver is old american nickels dimes and quarters made from silver. the worst case scenario is that the price of silver plummets and you have to redeem your silver for face value. lol, you cant lose.

ive made quite a bit of money holding physical silver, but you can also make money off of warehouse receipts if you are afraid of having beautiful silver in your physical possesion. http://www.marketwatch.com/quotes/slv

barclays silver etf = exchange traded fund. basically, they stockpile silver under scrutiny of the SEC and you purchase shares of the stockpile, the price of which will fluctuate with the demand for silver.

[derrinx]

buy an exotic? (dancer or car)

[Pulse Red GTO]

Yea roth IRA is great & so is the 401k. My company does 3% & I do 3%, so I get 6% in there. Also as of right now I am putting $333 in my roth, $4k max for the year & it seems to be doing well. Now unless I get a better job, that will be going down, as we just had a baby & the wife isn't working Dam day care costs!!!

[MagicMan]

Yea roth IRA is great & so is the 401k. My company does 3% & I do 3%, so I get 6% in there. Also as of right now I am putting $333 in my roth, $4k max for the year & it seems to be doing well. Now unless I get a better job, that will be going down, as we just had a baby & the wife isn't working Dam day care costs!!!

My company doesn't match anything in the 401k

[86 IROC-Z]

Yea roth IRA is great & so is the 401k. My company does 3% & I do 3%, so I get 6% in there. Also as of right now I am putting $333 in my roth, $4k max for the year & it seems to be doing well. Now unless I get a better job, that will be going down, as we just had a baby & the wife isn't working Dam day care costs!!!

How come you need daycare if you wife doesn't work?