Author
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Topic: Good sites for investing and learning about finances
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AcousticGod Knowflake Posts: 5272 From: Pleasanton, CA, USA Registered: May 2005
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posted April 18, 2006 01:01 PM
We are all valuable resources to one another, so we may as well help each other financially as well. Here's the site that makes it affordable for someone as broke as me to invest: www.buyandhold.com Here's a good site for looking at stock recommendations: www.marketadvices.com For one of the best returns on a straight savings account: http://www.ing.com/index.jsp IP: Logged |
proxieme Knowflake Posts: 5848 From: Southern 'Bama Registered: Aug 2002
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posted April 18, 2006 01:07 PM
Thanks for the info We have an ING acc't - did you see that your rate just went up? We have our investments (a Roth and a 529 for Meg) through USAA. I've got to admit that I didn't do much research, but they're a company that I trust (and our returns have been pretty good so far). Hey, AG, do you have my e-mail? I lost the addy to someplace. IP: Logged |
AcousticGod Knowflake Posts: 5272 From: Pleasanton, CA, USA Registered: May 2005
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posted April 18, 2006 01:14 PM
For those who have trouble saving money, here's a relatively painless means of saving:When filling out your W-4 ( http://www.irs.gov/pub/irs-pdf/fw4.pdf ) enter 0 for line H (you don't want to claim any exemptions), and then in the space for #6 enter however much money you're willing to part with each paycheck to save. This will ensure that you will vastly overpay Uncle Sam, and your tax refund will include all the money you entered in #6. It's true that you won't receive any interest off that money, but you also won't be able to touch it and it will be safe and secure. It's really one of the best ways for a paycheck-to-paycheck type person to start to get ahead. IP: Logged |
AcousticGod Knowflake Posts: 5272 From: Pleasanton, CA, USA Registered: May 2005
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posted April 18, 2006 01:20 PM
I don't actually have an ING account yet. Maybe I'm a gambler, but I went for the big return right off the bat (investing in stocks).USAA has got to be great. That's the financial service all the officers use, so that should be really good. If I were still in the military, I'd be rolling in money about now. It was SO easy for me to save and budget when I was in. That's part of the reason I got out, though. I didn't want to be too easy on myself. Yeah, I can look up your email. I'll write you in a sec. UPDATE: Wrote to the yahoo email. Hope that's the right one. IP: Logged |
Iqhunk Knowflake Posts: 1295 From: Chennai Registered: Oct 2005
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posted April 19, 2006 07:25 AM
Great work AG! I visited the first site. They have a stock with 15% dividend yield. Meaning that if you invest 1000$, you get 150$ assured return every year. If small investors in that company get just re-invest the 150$ dividend every year for 5 years in real estate that has not appreciated, the returns can be astronomical. The USA is blessed with the cheapest real estate in terms of Purchasing Power Parity. Some areas have good land near cities for 2000$ an acre. A few years from now, such land can easily be 20K per acre as urban expansion occurs.A group of 10-15 people who have the dividend from high yield to plough back can buy an acre every year for 10 years and allowing for some hit or miss, the returns can be amazing on the dividend yield. And the capital will assuredly increase when consistent dividend is paid. 1000$ in high yield company = 150$ per year dividend. After 10 years, 1500$ invested in 10 pieces of undervalued real estate. High Yield stocks usually double in the worst case every decade. So minimum stock value = 2000$ Minimum real estate value = 7500$ [5 times] Total returns possible = 8500$. But the next 5 years, this amount reinvested will grow to 35-40K as the other real estate appreciation kicks in. 2 well planned 15 year cycles convert a humble 1000$ to around 1 million$. The nest egg is ready. IP: Logged |
proxieme Knowflake Posts: 5848 From: Southern 'Bama Registered: Aug 2002
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posted April 19, 2006 07:33 AM
Unless that stock crashes IP: Logged |
AcousticGod Knowflake Posts: 5272 From: Pleasanton, CA, USA Registered: May 2005
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posted April 20, 2006 11:57 AM
Stock research: http://moneycentral.msn.com/investor/srs/srstrend.asp IP: Logged |
Iqhunk Knowflake Posts: 1295 From: Chennai Registered: Oct 2005
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posted April 21, 2006 02:17 PM
Generally stocks that pay great dividends are cash rich and dont crash. The book value or assets of a company are things to look out for while investing. Also, any company that has invested their cash reserves in commodities like gold, silver, platinum and crude, chances are their next quarter results will be phenomenally high due to the sudden commodities boom. Look for these hidden clues while researching the high yeild stocks and you will be A-OK.IP: Logged |