[mack]

Not really political, but usually the more intelligent 's can be found browsing here, and i didnt really want the scooter riding Kadvang advising me on how to invest my hard earned money.


So I have about a 900 dollar account. Not really looking in short term, as you always loose money, but looking at about a 2 year investment period.

I am mainly looking at Serius and Clean Harbors Inc. and maybe some penny mining companies.

Any ideas on how to invest or investing tips would help as im only 16... thanks

-mack

 

[arboc!]

sirius, i have a feeling that stuff is about to take off

 

[mack]

sirius, i have a feeling that stuff is about to take off

Was that supposed to be a play on words? So do I, XM sucks and their stock is dirt cheap right now.

 

[arboc!]

it was at first, but i didnt know if anyone would get it

 

[Silver]

Index fund. If you're willing to bet on one stock for 2 years, have a friend take it to Vegas and put it on black.

 

[Westy]

The best financial advice you could get on a biking forum would be not to take financial advice from people on a biking forum. But to throw my $.02 in, go to your bank and talk to a financial advisor. Most importantly ask them what they are getting out of it, surcharges etc.

 

[Changleen]

Westy is right. Also remember eggs + baskets.

 

[mack]

Westy is right. Also remember eggs + baskets.

I have no idea on how to work with bonds. Isnt he a movie character. I do know that when stocks are bad, bonds are good...


Arent they basicly like a loan that pays depepnding on how the markets trade, so its a dependent variable right?

 

[The Kadvang]

Not really political, but usually the more intelligent 's can be found browsing here, and i didnt really want the scooter riding Kadvang advising me on how to invest my hard earned money.


-mack

Damn dude you are so hcor with your stockz. I usually just spend any money I have at the time on bomb.

I wouldn't really take the advice of anyone on a biking forum about stocks, go to a bank.

 

[$tinkle]

the motley fool: http://www.fool.com/ (way too much info for one sit, break it up)

also, bone up on your SS chops there when damn true tries to troll:
http://www.fool.com/news/commentary/2005/commentary05020304.htm?source=mppromo
(they might ask for an addy; they won't pimp it out & you'll have access to other goodies)

 

[ohio]

2 years IS short term. Like silver said, index fund. In fact, not even an index fund... the S&P 500. Any fund that tracks that will be your best bet. Over the long term, you cannot beat the market. Unless you have some near-insider info, and know something that will happen in the short term that Wall Street doesn't know, you should stick to the S&P 500.

But good for you for thinking about investing at this stage. (I think... I'm also kind of tempted to say, just go blow the cash on something fun. Enjoy your youth goddamnit.)

 

[reflux]

I have no idea on how to work with bonds. Isnt he a movie character. I do know that when stocks are bad, bonds are good...

If you want security in knowing that you'll make a few bucks with a decent rate of return, look at putting your money in a short term bond fund. You purchase shares and % of shares of a fund that mainly (or solely?) invests in the bond market.

If you are financially comfortable losing all of your money, by all means put your money into one stock, but don't forget that we warned you.

 

[mack]

Yeah, i think im going to go with the S&P... i have about 1300 dollars now, and am trying to make it into about 2k, then make about 2500 over the summer and buy an audi 100 quatro. :evil:

 

[Silver]

Yeah, i think im going to go with the S&P... i have about 1300 dollars now, and am trying to make it into about 2k, then make about 2500 over the summer and buy an audi 100 quatro. :evil:

For a little fun math, compute the annual rate of return needed to turn a 2000 dollar investment into a 4500 investment (if that is what you meant) in a six month period.

Then, rethink your goals

 

[BurlyShirley]

Invest in hotcakes. They're always going off.

 

[BillT]

The boat has already been missed on Sirius. I bought it the day Howard said he was going to it and it was going in the mid $3/share, it then bounced all the way up into the low $9/share range and then there was a big sell off because the market capitalization for the company was way too big given its size. It has now been pretty stable in the mid $6/share range and will probably stay there until they can show a profit.

Look into index funds or bond funds for a steady return on your money.

 

[ALEXIS_DH]

i dont know much about stocks, let alone the US stock market.... but i´ll chip in with this...
2 years IS short term.

 

[Silver]

Bond funds may not look so great if Greenspan keeps bringing up interest rates, either. I'd take ohio's advice.

 

[mack]

Greenspan knows what he is doing. It all rides on his interest rates though doesnt it. Isnt the real estate market about to go back up pretty soon along with higher rates?

I remember seeing a sing for a 3.7 fixed rate...

 

[SkaredShtles]

You are talking about a 24% annual rate of return. You might be able to get that, but with the investments you'd have to jump into to expect 24%, you'd have just as good a chance ending up with $59.95 as with $2000.

-S.S.-