i really want to invest a little into some stocks

**J-rod** · 02-28-2007, 10:40 AM

anyone here play the market? i was wanting to start but cant afford to pay a broker. i thought about using $500 to start as that seems to be the minimum on some places.

what do you stock players recommend? who to go with?
and do you feel now is a good time to buy in while its low?

**scott5** · 02-28-2007, 11:07 AM

i was jsut going to post this thread last night actually.. I am also interested in getting in the game.

**SonofaBish** · 02-28-2007, 11:53 AM

The market fell hardcore yesterday... largest loss since 9/11.... it had been on the longest uprise without a major correction since the 50's (or so i read in the paper)....
i'd wait to see if it will plummet again, but for sure try to get in when u think its at its lowest point...
One thing you have to remember is... if its in the newspaper or you're reading about it, then you're already too late...

edit: do research on mutual funds too! great diversification and some of them have a good, consistent, high yield.... If you're young, you cna be a little riskier with your choices, but I personally think mutual funds are a good way to go - not too risky, but enough that they net nice returns.

**One Sweet Day** · 02-28-2007, 12:02 PM

I actually do finacial work for families....
It doesn't cost anything, first off.
I personally invest in mutual funds. there are many reasons for this. one is that you still earn high percentages (we average 12-25%) with a little bit less risk. risk is a good thing, but with stocks if the one company goes under so does your investment. in a mutual fund there are an average of 100 companies, the only way it is going under is if all the companies go under on the same day. we deal with well known companies like johnson and johnson for example. also our managers are performance based paid, meaning, if your not making money, their not making money. plus each one has over thirty years experience with their individual fund that they manage. you can start a mutual fund for only $25 a month, which is nice to teach kids how to put that money away. also, kids have a lot more doubling periods in their life. for example if you are earning 12% on your fund your money is doubling ever 6 years. you can also do a one time deposit like you mentioned Jared, just to get a feel for how it all works. I think this is long enough, so if anyone has any questions or wants more info feel free to pm me! we also do mortgages, debt elemination, funding for school, and much more! all information and time spent is at no cost what so ever! hope this helps a little. investing is great! your money working for you instead of you working for your money! more time to work on cars...and money to do so! lol you guys found my third passion, sorry!

**J-rod** · 02-28-2007, 12:09 PM

well im 25 so i guess im still kinda young. my job is great excelt there is no retirement package available. so i was looking at stocks to make me som money over the next many years. i currently have an ING savings account at 4.5% but i want to do better. i also have a shitty savings account at our local credit union which i use for my sons savings bonds and college savings account. it is a crappy .5%.

i will have to look into mutual funds a little i guess.

i kinda thought since the market dropped yesterday that this week would be a good time to try it.

**Viper_ed** · 02-28-2007, 12:26 PM

Originally Posted by Jared

i also have a shitty savings account at our local credit union which i use for my sons savings bonds and college savings account. it is a crappy .5%.

I'd at least move that to the online savings account. The one I sent you a while back is currently at 5.05%. Seems like they are constantly paying a higher % than the ING account.

**One Sweet Day** · 02-28-2007, 12:31 PM

Originally Posted by SonofaBish

The market fell hardcore yesterday... largest loss since 9/11.... it had been on the longest uprise without a major correction since the 50's (or so i read in the paper)....
i'd wait to see if it will plummet again, but for sure try to get in when u think its at its lowest point...
One thing you have to remember is... if its in the newspaper or you're reading about it, then you're already too late...

edit: do research on mutual funds too! great diversification and some of them have a good, consistent, high yield.... If you're young, you cna be a little riskier with your choices, but I personally think mutual funds are a good way to go - not too risky, but enough that they net nice returns.

the market has to go down at times, but thats a good thing...actually for mutual funds a great thing, because it is like your getting your stocks for sale! so you get more shares for your money.

**One Sweet Day** · 02-28-2007, 12:32 PM

Originally Posted by Viper_ed

I'd at least move that to the online savings account. The one I sent you a while back is currently at 5.05%. Seems like they are constantly paying a higher % than the ING account.

our lowest mutual fund is at 12%

**J-rod** · 02-28-2007, 12:38 PM

Originally Posted by Viper_ed

I'd at least move that to the online savings account. The one I sent you a while back is currently at 5.05%. Seems like they are constantly paying a higher % than the ING account.

i was considering moving the local account. is it HSBC or emigrant direct you have? i forget.

**Viper_ed** · 02-28-2007, 01:00 PM

Emigrant Direct

**coralcoupe1993** · 02-28-2007, 02:01 PM

Originally Posted by SonofaBish

The market fell hardcore yesterday... largest loss since 9/11.... it had been on the longest uprise without a major correction since the 50's (or so i read in the paper)....
i'd wait to see if it will plummet again, but for sure try to get in when u think its at its lowest point...
One thing you have to remember is... if its in the newspaper or you're reading about it, then you're already too late...

edit: do research on mutual funds too! great diversification and some of them have a good, consistent, high yield.... If you're young, you cna be a little riskier with your choices, but I personally think mutual funds are a good way to go - not too risky, but enough that they net nice returns.

http://articles.moneycentral.msn.com/Investing/Dispatch/070227markets.aspx

**gmkillr** · 02-28-2007, 02:51 PM

Dosent your work offer a 401-K??
If so then get in it, even if they dont put in anything.

**J-rod** · 02-28-2007, 03:02 PM

Originally Posted by gmkillr

Dosent your work offer a 401-K??
If so then get in it, even if they dont put in anything.

no they dont. no benefits here....i pay for everything on my own.

**Viper_ed** · 02-28-2007, 03:11 PM

Originally Posted by Jared

no they dont. no benefits here....i pay for everything on my own.

And you passed on the other job?

**J-rod** · 02-28-2007, 03:19 PM

Originally Posted by Viper_ed

And you passed on the other job?

didnt offer any as well.

the one job i turned down that had benefits and shiit...wanted me to take what is now a ~1300/month pay cut.

**Viper_ed** · 02-28-2007, 03:30 PM

Originally Posted by Jared

didnt offer any as well.

But you said it was more money?

**J-rod** · 02-28-2007, 03:34 PM

Originally Posted by Viper_ed

But you said it was more money?

i have turned down 2 jobs this month.

job 1 - pay cut + benefits. (although deduct another 400/month for insurance, etc.)

job 2. more money but no insurance or benefits.

current job - i got more money over job #2 offer, paid education, and mileage. still no insurance or benefits.

this is why im loking into stocks, mutual funds, etc. and paying for private insurance sux.

**racefan** · 02-28-2007, 03:57 PM

Hey you guys that want to invest some money, just sent it to me and i will take care of it for you. Write the check to 5TH. STREET RACING. Thank you in advance,,,,,

**Viper_ed** · 02-28-2007, 03:58 PM

Originally Posted by racefan

Hey you guys that want to invest some money, just sent it to me and i will take care of it for you. Write the check to 5TH. STREET RACING. Thank you in advance,,,,,

This isn't to support the Gay Hot Tub Fund is it? :p

**SonofaBish** · 02-28-2007, 04:05 PM

Originally Posted by coralcoupe1993

http://articles.moneycentral.msn.com/Investing/Dispatch/070227markets.aspx

right
also, incase you all think i'm nutz about it beign the longest run without a large correction since the 50's... http://www.usatoday.com/money/market...wed-usat_x.htm