UNSMART -> $$$advice

Start A New Topic | Reply

Post Info

TOPIC: $$$advice

Posted By: Damn Sam Posted On: Jan 13, 2005 Views: 511	$$$advice I know this is the wrong place to be posting this and most of you are too young to care but what the hell. Anybody have any ideas about investing U.S. dollars in something that isn't going down the toilet in value?? It sucks to be a cheapskate and work hard to save money and then find out you probably should have spent it on sh it.
Posted By: Bob Dole® Posted On: Jan 13, 2005 Views: 509	RE: $$$advice It depends on how much cash you are talking about but the first thing I would suggest is Real Estate. Depending on where you buy, you could see a 9% return easily. I have 3 pieces of property and they are all worth a lot more than what I bought them for.
Posted By: Damn Sam Posted On: Jan 13, 2005 Views: 504	RE: $$$advice I can't even afford a down payment let alone insurance and mortgage payments every month for any house in this area - properties are $450,000 and up. I just think the measly $35,000 I've saved should be sitting somewhere else other than a savings account.
Posted By: SDE Posted On: Jan 13, 2005 Views: 502	RE: $$$advice Try comodities, like Gold or Silver or DIAMINDS... but don't do options, but actually buy the product, and put it in a safe. I know it is not a sure thing, but it is no better or worse than any other investment. additionally, if the Dollar ever goes COMPLETELY south, you have a hard asset to trade for goods and services.
Posted By: Original Bob Dole Posted On: Jan 14, 2005 Views: 489	RE: $$$advice I would strongly advise against investing in gold. It can gain value in the short term but can also be quite volitale. It depends what you want. If you want to be really safe, you can buy some government bonds or invest your money in a CD. You should probably be able to get up to 4% guaranteed. I personally like blue chips like GE and Intel. Watch the market for a while and wait until it seems like it has dipped to a short term low and then buy. Even if the stock contiunes to drop it will come back. It hard to buy at the lowest mark, but you just want to make sure you don't buy really high. Don't ever buy a stock that costs less than $1. Some people think that if they buy $100 of a stock at 5 cents and it goes to $5 they'll make $10K for nothing, but they're really just throwing their money away. Check out www.barchart.com for some stats on stocks.