Rip

I just wondered, what everyone else does with their extra cash? 'cause I am thinking about trying to earn a little more than what I do on term deposits

Exxxotica

Despite what everybody tells you...Tech Stock is the way to go!

boneprone

way to go loose your money!

Exxxotica

Betting Big on the Trail Blazers will make you rich too!

cantonbc

Just tried a local stock called steris. Heavily advertised by the Cleveland Indians, so I hope they keep winning!!! 1st time investor, so wish me luck

boneprone

Betting against them today!

MattressKing

how about investing in a business. You really think that stocks are worth it during the recession we're in??? I'm going to invest my extra money in veding machines and atm machines, they're turnkey businesses that are very profitable.

RedShoe

Actually if you want to invest your money the last place to put is in the stock market.

I pulled out in september, and it was the best money move so far.

And don't go stock unless you have all day to watch it. You don't - you're a smut peddelar, and so all day you promote your sites.

For smut pushers like us, it's best to go Mutual funds. You'll hear people say DIVERSIFY. That's true and with mutual funds that's what your doing except you don't have to watch it all day. maybe check it once a week, or twice a month.

If you're a new investor, the last thing you should do is invest in a stock.
1) you probably have no idea what the P/E on that stock is.
2) you probably don't know where they are on a 39 week average. So even though their stock may have gone up in the past few days, they are still way below their own trend line.
3) You don't know when to sell
4) you don't what their past performance is, nor do you know what their future potential is.
5) you proabbly didn't set a stop loss to protect yourself.
6) you probably didn't set a sell price.
7) if this is your first investment, and it's a stock, you just invested in a stock, and not invested in yourself.

I'm only saying this because that's what I did our first time out. Learned a hard fast lesson : KNOWELEDGE IS POWER!!! Read as much as you can about investing first. It's your money don't FUCK UP WITH IT!!!!

You need to set up an IRA first, you will get old that's inevitable. Will you be prepared financially when you 'retire from porn'.

What's that? You will start saving next week? Oh, you'll just have enough money when you retire?

I suggest all 'yall get on over to http://fabian.com (No I don't get paid for plugging hime, an don't consider it spam, because it really is valuable information) I've posted here long enough to know better.

Oh, so at fabian.com he has a wealth calculator that will show you how much you should be saving if you want to have a good retirement.

Maybe I should start an online financial help site for adult webmasters only...

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Wizzo

I think we're near the bottom, I recently bought Yahoo at 17.5 and GOTO at 14.85.

Plus, I have some mutual funds as well

longhair

Coke, Johnson and Johnson, General Electric and Cisco. Getting into mutual funds soon. slow going, but I've got time.

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Exxxotica

Plan for Retirement? I did that at 26! I look at my stats a bit in the morning...then head off to the coffee shop where i read the paper, play a few games of chess, and watch the college girls go by.

I turn 28 next month...Dam I feel old!

RedShoe

Don't get me wrong, stocks have a greater potential for return, but they're also a great risk.

Plus I just don't have time to watch them. Which is why I buy into mutual funds. But like I said we've been out since Sept. We currently are all in cash. Building up for our next big buying opportunity.

Our watch lists have been fluctuating way too much lately for me to buy back in, but that's just me.

Wizzo, I think YHOO is a good move at 17.50 More power to ya'

Back in may last year we got YHOO at around 100 it leveled off for a while, but didn't stay there. I'm still not ballsy enough to go back to stocks. Plus it's still way below its 200 day for me. Although the 50 day looks promissing.

Nokia (NOK), Adobe (ADBE),and Microdoft MSFT) look promissing.

I have a friend that bought Stamps.com (STMP)after its IPO. LOL I laugh at him all the time for that one. He finally just said fuck it, it's a loss, and left it in there to see what would happen. Well here is what happened on March 12 http://biz.yahoo.com/e/010312/stmp.html

Their stock is the fastest dropping stock I've ever seen. Their chart looks like a 45 degree angle downward. LOL

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Sweet Jimmy

i take stock in my good looks and outgoing personality

BrettJ

Voicestream

XM

Do not ever invest more than 20% of your portfolio into stocks. Diversify - govt. bonds, mutual fonds, term deposits etc. everything should be mixed and balanced as well

XM

Kat - Fast

pay off the house, credit card any any loans.
They will charge you more in interest than any stocks and stuff will give you.
If you still have money leftover after paying those off - buy property and rent it out - houses are always worth money.

RedShoe

good point Kat, it's always best to live Debt free.

However, there is one exception to that rule, and although I don't do this it is entirely possible. I assume you're not from the U.S., so I don't know what intrest rates are there but here you can get a CC for around 2.9 (nextcard.com).

The CC introductory rate is 2.9% for 6 months. Get the card and max it out in the form of a cash advance to yourself. Instant 10k (assuming you have good credit, 10k is an easy limit to reach) to now turn around and invest. Put in a CD for an intrest rate of 4.21 (etrade as of right now)

Damn, I can remember when they boasted a 7.25 APR on CD's.

Ok, do the math, it's simple. You will make money, not a lot, but you come out ahead. An even better scenario, get a couple of cards max them out take 20,000 and put that into a no-load medium risk Mutual fund yielding about 10-12%

The advantage is, you can make a good return on borrowed money.
The disadvantage is you're now carrying a 20,000 debt that you still need to make monthly payments on.
The advantage is when you sell the fund and pay off the card you have more money to reinvest in your IRA or somewhere else.
The disadvantage the stock market takes a dump like it did last year, and now you're in deep shit.

Lesson learned: don't take advice from a website with "Go Fuck Your Self" in the title.

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Wizzo

Another nice one I bought Friday is ARBA. I've made about $500 so far today on it

Mikey

My bro is a partner in a VC firm so he gets to invest personally in any ipo they do. Got into a stock at a price of just under a dollar a share, it went public at $25 a share about a year ago, had a high of $109. Now trading at $23. Sigh, why didn't I give him more money!

AC – Infinity

It's not all about "stocks going up"

Do you know what selling short is?
When the whole Microsoft anti-trust thing started, do you know how much $ people made on ms stocks because of the dropping price?

let me break down the 'selling short' concept.

1) you have to be SURE that the stock you want to sell short is going to be declining. Otherwise you're fucked.

2) contact your broker or get a real broker, drop the e-stock companies.

3) the broker 'lends' you shares from a client that has a margin account.

4) you sell the borrowed stocks at the current price

5) you buy back the stock when you think it has bottomed out

6) sell it back for the original price back to the person you 'borrowed' it from

7) enjoy the profits.

Basic example-
Sold short 1000 shares at $50 $50,000
Buy back 1000 shares at $40 $40,000
Net profit (loss) equals $10,000
Unannualized investment return 20%

a stock goes down 10$ yet you come out the winner.

I loved it when everyone was buying up all those bullshit .com IPO's last year.

All those worthless day-traders on e-trade trying to become rich overnight really helped out the real players in the long run.

do you guys remember redhats IPO?
anybody sell short the next morning for the first couple hours? $$$$$$$$$$$$$$$$$$

Don't just look at it as "i hope this goes up"

you should be thinking "how can i make $ off this"

but here are some other things you need to know about selling short..

a. the profits will be taxed as short-term capital gain.
b. you need to have a margin acct.
c. the broker can call back the stock if the original owner wishes to sell it.

loster

I have to agree...be careful what you take stock in... ;-)

invest - To spend or devote for future advantage or benefit

For a beginning investor, it's probably best to start small, learn what type of investing best suits your needs, then don't stop learning. Look for things with limited loss and unlimited upsides. Learn about setting stops and limits. Learn the basic terminology so you understand what stock prices are all based on. Then you can start making your own decisions on where to put your money :-)

Also, I saw Ace0r talking about shorting stock, and there are many good places to use that tool...but there are also some things to watch out for. The most you can make shorting stock is 100% (that's if the stock goes all the way to 0) Whereas the most you can lose is basically unlimited. Just keep that in mind, and only use that if you're carefully watching the situation, and are up for the risk involved.

Well, hope everyone is having a great day!

loster



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Mikey

Short selling does have "unlimited risks". The stock could keep going up. But if you are daytrading, you could make some good money. Here I am talking about risks, I trade futures!

Clovis

Put 2K a year into a quality IRA mutual fund. It will give you a good tax break and something for the future (assuming their is one).

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BrettJ

Kat,

100% don't agree with you.

there is a lot you have to consider with that statement. if you live in the US ... your home interest is tax deductible, right? so if you roll your credit card debt into your home loan and then sink any extra money into your IRA, Mutual Funds, Stocks... you'll be better off long run...

http://www.banksite.com/calc/prepay_v_invest

RedShoe

I think Ace0r's first rule of his 'selling short'concept is the best.

Fuck yeah you're fucked!!LOL
I would hate to buy a stock and have it go up in value.

I know what you mean, It just sounded funny.

Hot Tropical Babes

Biggest investment is in cici

monro

I have been EATEN!

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