View Full Version : i just found $3050 in savings bonds
that i forgot my grandmother had been giving me over the years:cool: i think i will have a steak dinner tonight:cool:
b i o n i c
10-03-2006, 12:29 PM
put the rest in stock
so far i've added up about $55,000 that my grandparents left me. i'm taking out 10 to pay off my car and school and buy some new pants and whatever the fuck else i want. i'm putting at least 35 back into a t-bill, then i think the rest will go in stocks. what are good stocks to invest in?
b i o n i c
10-03-2006, 12:36 PM
fuck you, die
fucktopgirl
10-03-2006, 12:38 PM
^ my feeling too!
Kate you should invest in the bbmb members dreams, give us a little of your cake or else just shushhh.
i'd rather just brag about how rich i am and how i'm gonna buy a motorcycle and maybe a houseboat and you guys get none:cool: at least you have your grandparents though
b i o n i c
10-03-2006, 12:42 PM
listen to jim cramer's 'real money', radio show - check out thestreet.com
my grandpa is leaving me a pocket watch and a joke book (y) he spent all his money
fucktopgirl
10-03-2006, 12:46 PM
i , personnaly just got my 2 grandmas and i have no communication with them so....Not sharing he? Oh well, hope that your money bring you all the hapiness in the fucking world....but we all know, money is nothing!
HOuseboat are pretty cool tho, good investement!(hope it sink :D)
Agreed. ^ (With bionic, anyway. Jim Cramer is a smart motherfucker.)
Stocks can be a risk if you put a lot of your money into them. I don't know if you want something that might possibly generate a high yield quickly or something that'll accumulate over time but is guaranteed money in your pocket.
I don't follow the whole bond thing so maybe try sniffing around the internet a little. Unless you can offer me a proposition. ;)
HOuseboat are pretty cool tho, good investement!(hope it sink :D)
I thought boats depreciated in value faster than a car.
monkey
10-03-2006, 12:49 PM
i hate jim cramer. all the stocks he advises people to buy is shit he would profit from having others put their money there. i dont consider that a great buy, i consider that a new way to come up with a pyramid scheme.
but you should definately invest, kate. :)
fucktopgirl
10-03-2006, 12:52 PM
I thought boats depreciated in value faster than a car.
depend wich one you smash first!
Really, i dont know, i just think a houseboat is pretty neat! just chilling, sleeping on a lake seem pretty picturesque.
dude the houseboat joe told me about is only $4000 and it's only $100 a month to dock it. that's like 1/10 what we pay in rent and utilities! i could quit my fucking job!!
the boats probably pretty old though. i dunno about that.
Echewta
10-03-2006, 01:06 PM
Throw down on CDs and things with a for sure return. Stock market is for short term "I know its going to go up and then I will sell it" investments.
Hippie.
maybe just a couple hundred in stocks? it could be fun! I COULD HIT THE JACKPOT. i'll invest in "shoes with wheels on them" stocks! they seem to be big these days
fucktopgirl
10-03-2006, 01:13 PM
dude the houseboat joe told me about is only $4000 and it's only $100 a month to dock it. that's like 1/10 what we pay in rent and utilities! i could quit my fucking job!!
the boats probably pretty old though. i dunno about that.
you gotta check the shell of the boat , really important! The rest can always be renovated easily.
Echewta
10-03-2006, 01:15 PM
I know too many people who lost their ass on stocks.
Use the money and go to Vegas instead. Same kind of investment.
Echewta
10-03-2006, 01:21 PM
I am the wise old man on top of the BBMB hill
You could hire a professional ass cleaner.
King PSYZ
10-03-2006, 01:25 PM
yeah I was gonna say, if you're looking for the jackpot come to vegas.
shit my friend came out here after he got an inheritence. won $7k here over 4 days and another 15k on the way home stopping at a $25 wheel of fortune slot machine.
b i o n i c
10-03-2006, 01:39 PM
buy property cheap enough so you can throw down a down payment large enough so that the mortgage can be covered by someone you rent it out to. keep 6 months mortgage in the bank.
QueenAdrock
10-03-2006, 01:42 PM
Go buy a place in Cockeysville. lol.
buy property cheap enough so you can throw down a down payment large enough so that the mortgage can be covered by someone you rent it out to. keep 6 months mortgage in the bank.
Word. Thats what I would do.
Or I would buy something...fix it up....sell it....and have "Flip that House" document it and put me on the TeeVee.
The Notorious LOL
10-03-2006, 01:44 PM
invest most in boring shit like bonds and what not. an IRA.
invest a bit in stock. Theres a few companies I plan to invest in when my money is right, but rather than telling you I would prefer to profit off of them.
dont invest in a mortgage either. Too much responsibility and you dont wanna babysit some dirtball ass tenants. I wouldnt fuck with that.
dont invest in a mortgage either. Too much responsibility and you dont wanna babysit some dirtball ass tenants. I wouldnt fuck with that.
skip the renting...and fix it up and sell it. when the market starts to pick back up that is.
b i o n i c
10-03-2006, 01:53 PM
rent it and build equity so that in a few years you can take a loan out off the property to buy another. let them pay for themselves. as time goes on, rents will rise as mortgages stay the same and you'll have a nice income
paul jones
10-03-2006, 01:53 PM
that i forgot my grandmother had been giving me over the years:cool: i think i will have a steak dinner tonight:cool:
I love a steak but it's fucking annoying when there's no toothpicks around after it
b i o n i c
10-03-2006, 01:54 PM
i fucking LOVE paul jones. always in character, always on the money
skra75
10-03-2006, 01:57 PM
so far i've added up about $55,000 that my grandparents left me. i'm taking out 10 to pay off my car and school and buy some new pants and whatever the fuck else i want. i'm putting at least 35 back into a t-bill, then i think the rest will go in stocks. what are good stocks to invest in?
put 1/4 to nVidia (NVIDIA). they make the chip for the ps3, it will result in short term gain. re-invest it after christmas into something more safe (apple, honda, etc). watch out though cause you'll get hit with capital gains.
put 1/2 into a safe mutual fund with someone like trowe price or fidelity. I'd go emerging markets.
1/8 put in Apple. It's a solid stock I doubt will go away any time soon.
Put the remaining 1/8 into a Bank Savings account or a credit union. Shop around to find the best rate that will let it grow. feed off of it for emergencies.
Good luck with your investing.
Cordially Yours,
Skra Seventy-Five
skra75
10-03-2006, 01:57 PM
rent it and build equity so that in a few years you can take a loan out off the property to buy another. let them pay for themselves. as time goes on, rents will rise as mortgages stay the same and you'll have a nice income
Bad idea. too risky. the real estate market is too volatile. too much work anyways unless you're a contractor.
b i o n i c
10-03-2006, 02:02 PM
i know a lot of people who do and have been doing that profitably for years
its simple and doable, not without some work, none of these ideas are without work
Bad idea. too risky. the real estate market is too volatile. too much work anyways unless you're a contractor.
or lazy.
I don't think its too bad of an idea. I know a few people who are doing very very very well because they did/are doing exactly what bionic said.
and one person I know started doing this in the 70's (when he was about 30 years old) and now owns many a posh condo/apartment complexes in Washington DC. He probably will never have to worry about money again...either will his kids or his kids kids or his kids kids kids...........
skra75
10-03-2006, 02:05 PM
true, but it's a full time job and you have to be a landlord personality, which few are. best of luck if you wan tto do it, but for the average person it's best to keep a balanced portfolio of stocks and mutuals.
b i o n i c
10-03-2006, 02:08 PM
brick & mortar vs speculative paper
even distribution between the two is not a bad move, id probably lean more towards real estate, 70/30.
true, but it's a full time job and you have to be a landlord personality, which few are. best of luck if you wan tto do it, but for the average person it's best to keep a balanced portfolio of stocks and mutuals.
you want to see a landlords personality?
"Rent's due motherfucker!"
If rent doesn't come.....they go. Obviously there is some legal mumbo jumbo that goes along with it, but now (unlike a few years ago) it seems to go in favor of the landlord not the renter, at least in Virginia.
Its really not as hard as you think it is. I mean, its not easy...but its not that hard.
I say hold onto the money for a little bit...put it in a money market account for a little while til the real estate market picks up...and flip some shit..or rent some shit out...preferably flip.
edit: I was thinking large scale so I had to do some fixing.
Dr Deaf
10-03-2006, 02:26 PM
buy a bird better known as a kilo.
break that shit down and stomp all over it with baby laxative 3-4 times. sell 1/2 grams at local dive bars for $40.
seriously tho.
or lazy.
I don't think its too bad of an idea. I know a few people who are doing very very very well because they did/are doing exactly what bionic said.
and one person I know started doing this in the 70's (when he was about 30 years old) and now owns many a posh condo/apartment complexes in Washington DC. He probably will never have to worry about money again...either will his kids or his kids kids or his kids kids kids...........
word.
me and the wife met this guy in our complex that does exactly this. he owns 2 units in here and few others around town. he's been in the game since he was 17 and he's clocking mad dough. most time he buys properties with ZERO down and gets no income verification loans for take-overs. in one case he even had a guy GIVE him $8000 just to take over the payments. the current state of the real estate market hasn't slowed him down at all. if anything its made it hot for him.
the profit margins on property are some of the most attractive out there.
although real estate is one of the least liquid investments its still better to own ANYTHING than rent. land a duplex, live in one side, rent out the other. the main thing is your establishing collateral. once you've got the first house outta the way, the bank will be throwing money at you. its all about your debt to equity ratio.
diversify your investments as has been mentioned already. keep a rainy day fund for emergencies. (3 month salary is recommended) CDs for short term guaranteed returns, flip em, invest them elsewhere or roll em over.
true, but it's a full time job and you have to be a landlord personality, which few are. best of luck if you wan tto do it, but for the average person it's best to keep a balanced portfolio of stocks and mutuals.
contract it out. hire a property manager / handy man to fix faucets and other bullshit. if your properties aren't pieces of shit they shouldn't need constant fucking with.
b i o n i c is on point with the 70/30 split.
lots of good advice in here, but most times you've gotta have money to make money.
ShotgunBoy
10-03-2006, 02:43 PM
yeh, i aggree with skra75
p-branez
10-03-2006, 04:15 PM
invest like $1000. that's a good amount to play around with. it's fun. it can't go up or down too much, and if it does, you just sell.
all of this sounds so complicated! i'm gonna put it all in a short term CD or something and take the time to figure out what the fuck i wanna do. this landlording thing sounds kinda fun, but i'm trying to work and go to school and i dunno if i have the time for all that. i'll have to study up on it. MAYBE i could buy a houseboat and then rent THAT out!
befsquire
10-03-2006, 10:21 PM
i'd rather just brag about how rich i am and how i'm gonna buy a motorcycle and maybe a houseboat and you guys get none:cool: at least you have your grandparents though
i don't have my grandparents or my mother. will that get me a carton of smokes?
parliaments lights, please.
PARLIAMENTS? blach! any other brand and i may have considered
befsquire
10-03-2006, 10:30 PM
but i'm pretty much an orphan
i'll THINK about donating a PACK.
befsquire
10-03-2006, 10:34 PM
i'll teach you how to drive a stick
befsquire
10-03-2006, 10:38 PM
fabulous! now, we just need a porsche. for learning purposes, obviously.
expensive cars make me nervous. i get freaked out about fucking things up when i'm learning how to drive joe's beetle, muchless a nice fucking car
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