anybody do the whole stock market thing here? - RC-Monster Forums

jhautz · 04:48 PM

Go to vegas.... put it all on red and then close your eyes and pray!!! LOL

I'm kidding of course. But like everyone says... dont invest what you cant afford to loose. The stock market with a fixed timeline like you are describing may not be a great idea. If the market turns down and you are forced to withdraw then you will be forced to take the loss. You need to have time to ride out the lows and have enough dicipline to sell while you are up to realize your gains. I know people that made alot of money in the market (or so they thought) only to ride the market all the way back down and actually wind up behind where they started. The whole time they thought it would come back but then their time ran out and they needed the money and were forced to get out. Its like educated gambling with the main difference being that the longer you invest, the more likely you are to come out ahead and with gambling the longer you play the more likely you are to loose becasue the odds are against you.

So short term.... put it on red or a big hand of blackjack! LOL

Long term... pick some solid investments, diversify your holdings and dont get stuck in the loop of checking how your money is doing 10 times a day. Think big picture and long term.

EDIT: If you can figure out away to start stashing just 10% of the money you make and investing it for the long term you will be way ahead come the time you are 30, 40,50,60! With investing time is your friend. The longer you have money invested the longer it has to grow and come the time when you want to retire that $1000 you invested when you were 19 will look mighty nice. If you can average 7% anual return on your investments (which historicaly you should be able to manange) the money will double every 7 years so theoretically that $1000 now could be $16,000+ when you are ready to retire and start using it.

EDIT AGAIN: Now if you want to see the real power, invest the amount you invested the prior year plus 7% more each year, and do that for the next 41 years and by the time you are 60 years old you will have over $650,000 dollars! All that from starting with your first $1000 now and some dicipline to keep at it over the years.

START NOW! I wish I had started at your age. Time is your friend, and it runs out faster than you think.

t-maxxracer32 · 01.08.2010, 02:44 PM

Quote:

Originally Posted by jhautz

Go to vegas.... put it all on red and then close your eyes and pray!!! LOL

I'm kidding of course. But like everyone says... dont invest what you cant afford to loose. The stock market with a fixed timeline like you are describing may not be a great idea. If the market turns down and you are forced to withdraw then you will be forced to take the loss. You need to have time to ride out the lows and have enough dicipline to sell while you are up to realize your gains. I know people that made alot of money in the market (or so they thought) only to ride the market all the way back down and actually wind up behind where they started. The whole time they thought it would come back but then their time ran out and they needed the money and were forced to get out. Its like educated gambling with the main difference being that the longer you invest, the more likely you are to come out ahead and with gambling the longer you play the more likely you are to loose becasue the odds are against you.

So short term.... put it on red or a big hand of blackjack! LOL

Long term... pick some solid investments, diversify your holdings and dont get stuck in the loop of checking how your money is doing 10 times a day. Think big picture and long term.

EDIT: If you can figure out away to start stashing just 10% of the money you make and investing it for the long term you will be way ahead come the time you are 30, 40,50,60! With investing time is your friend. The longer you have money invested the longer it has to grow and come the time when you want to retire that $1000 you invested when you were 19 will look mighty nice. If you can average 7% anual return on your investments (which historicaly you should be able to manange) the money will double every 7 years so theoretically that $1000 now could be $16,000+ when you are ready to retire and start using it.

EDIT AGAIN: Now if you want to see the real power, invest the amount you invested the prior year plus 7% more each year, and do that for the next 41 years and by the time you are 60 years old you will have over $650,000 dollars! All that from starting with your first $1000 now and some dicipline to keep at it over the years.

START NOW! I wish I had started at your age. Time is your friend, and it runs out faster than you think.

man you make it sound so easy! are you talking about CD investments or long term stocks or what?

i would like to start saving like you mentioned because i would love to retire at 50 with a few hundred thousand in savings.

so it sounds as if right now the stock market is not the wisest decision.. i have a few other tricks up my sleeve in how to use my money.. nothin terribly illegal

anyways i appreciate all the help!

lutach · 01.08.2010, 03:00 PM

Quote:

Originally Posted by t-maxxracer32

man you make it sound so easy! are you talking about CD investments or long term stocks or what?

i would like to start saving like you mentioned because i would love to retire at 50 with a few hundred thousand in savings.

so it sounds as if right now the stock market is not the wisest decision.. i have a few other tricks up my sleeve in how to use my money.. nothin terribly illegal

anyways i appreciate all the help!

If you do your homework you can make some $$$. I was going to mention a risky stock to you, but if it went down, I would've felt bad. The best thing is to do your research on good companies that pays dividends. Keep them for as long as you can and you should retire in good shape. The market might go down again, so you should play carefully. I know a lot of guys that makes a good chuck of change day trading, but it can be very addicting specially if you're making money. Try and keep out of the Pinksheets, OTC or Penny stocks. The company I was going to mention was GM or MTLQQ which was somewhat low and going down everyday, but the news came out with the new GM battery factory that started production, the stock went up. You can make some money there, but you can also loose it all if the company you invest in gets out. A good example can be found in the stock game a few of us are playing. I bought some CIT thinking it would stay there for a while, but man I was wrong. Lost a good amount of money there.