I have a sum of money that is nothing to snarf at...but it's nothing to retire early on....I remember hearing some banker come to my class on career day and tell me that 16 isn't too early to start saving....now I'm 23 and I think now is the time. I heard about some guy who invested in XM and serius radio like 10 years ago and is now a filthy rich retard who doesn't HAVE to eat bojangles, but does anyway.


...i want to be like him.


Anyone know how this investing thing works? I've been watching Jim Cramer and everything.......


Help? Thanks.
-Lauren

6/8/2006 10:52:08 AM

Check this out: /message_topic.aspx?topic=378159

might give you some starting points

6/8/2006 10:54:29 AM

I want to reiterate that I am not necessarily interested in stocks. I saw the whole stocks thread a while ago- but that feels like more of a gamble. I want an account that I know will get a certain percentage back each year. Is that not really a good idea for such a small sum of money? Do you need like 10K to do that kind of investing?

I guess what my question is what are my options as far as investing goes?

6/8/2006 10:55:12 AM

you should invest it in katrina survivors.

you have more money than they, so you are opressing them by definition.

you damn republicans are all alike, spouting great ideas and telling everyone else what to do, but when it comes down to taking personal responsibility, heading for the hills.

6/8/2006 10:57:52 AM

not in this market. everyone is sucking.

6/8/2006 10:59:12 AM

Go see a real financial advisor at Prudential, Charles Schwabb, T. Rowe Price, H&R, etc.
Do not get into stocks yourself unless you want to make it a full time job. At most, you can do some mutual funds by yourself - research them here http://www.morningstar.com/

Open a Roth IRA and max it out every year - very important. Get a roth though a financial company, or maybe through ING direct or something.

6/8/2006 11:00:02 AM

^ Those are not real financial planners. They will sell you a fund and that's the end of your relationship.

If you want to stay away from stocks but get a little more risk than an ING savings account (which you should probably do because you're young), buy a spider or a mutual fund and let it sit. I hear this is hot http://www.amex.com/?href=/etf/prodInf/EtPiOverview.jsp?Product_Symbol=XLE. If you want hands off don't do stocks unless you do blue chip, though. Too much worry.

6/8/2006 11:12:30 AM

clearly you have not read the other thread thoroughly

read what i wrote on ETFs in there

6/8/2006 11:17:48 AM

^ that comment re: the original post

6/8/2006 11:18:18 AM

i hope you wind up homeless

6/8/2006 11:20:06 AM

i bet sparky makes you have a separate bank account

6/8/2006 11:21:30 AM

he probably gives her an allowance

...in monopoly money!

6/8/2006 11:24:54 AM

get an ira started, participate in your company's 401k plan, and then invest in an aggressive mutual fund.

if you don't have a lot of time to invest into researching the market, then buying individual stocks is a bad idea (unless you go conservative).

6/8/2006 11:38:36 AM

Quote :

"I have a sum of money that is nothing to snarf at...but it's nothing to retire early on...."

[quote]Is that not really a good idea for such a small sum of money? Do you need like 10K to do that kind of investing?



sounds like your sum of money is a shit ton closer to snarfing at than retiring on.

6/8/2006 10:37:10 PM

theonjohnsoninvestments.com

6/8/2006 10:47:33 PM

First off, don't watch Jim Cramer for serious investment tips... It's like watching Emeril to learn to cook. He's hella entertaining and you might can pick up some ideas here and there. But you need to do your own research on any stocks you see on his show.

AND since you don't want to worry about stocks anyways.. Put it away in a 401k or mutual fund and forget about it till you're ready to retire..

6/8/2006 11:02:15 PM

cramer's book is pretty good. if i were you, i would mutual fund it up personally. i would only speculate if i had the kinda time required to keep up with it.

6/8/2006 11:53:48 PM

i like this one

http://www.amazon.com/gp/product/0735200661/104-8421165-4739162?v=glance&n=283155

6/9/2006 12:29:22 AM

please post in my thread

thx

6/9/2006 12:44:55 AM

wu - financial services
"diversify ya bonds nigga"

6/9/2006 2:50:15 AM

Yes

6/9/2006 2:15:02 PM

"solomon smith barney... buncha bitches."

6/9/2006 2:17:24 PM

if you are serious about investing and retirement mainly or for a house go see a financial advisor. I can tell you the tricks to making them do some work for you for free or if nothing else i know a few good advisors.....some of them have income restrictions and such though. but ameriprise advisors and UBS have a good rep. I interned with a pretty good advisor from ameriprise. You can always wait a few months and see me with edjones when i get done with training....but that will be november...but seriously, i can get you a free meeting with the guy that i interned with. He will tell you the first time you meet if he can help you or not and if not he will give you ideas to help you get to where you need to be.

6/9/2006 5:26:18 PM

nm

[Edited on June 9, 2006 at 5:29 PM. Reason : ]

6/9/2006 5:29:43 PM

I go through UBS. They are really good, but fees are kind of high.

6/11/2006 8:17:10 PM

bet on world cup matches
i can help

[Edited on June 11, 2006 at 10:32 PM. Reason : :]

6/11/2006 10:32:05 PM