Author Topic: Need some lessons in economy and/or investing.  (Read 2412 times)

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Kuroimaken

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Need some lessons in economy and/or investing.
« on: August 01, 2011, 09:15:32 PM »
So, I finally got my first job. I want to take advantage of the fact my expenses are currently fairly low (and will likely remain so for at least about a year) to make more money off my excess money.

Regular trust funds take too long to work the way I need them to, even if I happened to see an income increase. My basic idea is to put a modest amount of money into something that will get me some return monthly. Then, when it gets to a certain point, I would invest part of the profit into something else. That something else, in turn, will generate profit which will eventually accumulate, until I have a certain amount that I can reinvest.

So essentually, the idea is to find and use multiple sources of profit. I realize it's a lengthy process, and even on a best case scenario might take on the upwards of ten years or more to generate more profit than I might actually need, or even get to the point where I obtain significant disposable income from it. But I consider it much more important to have time than money on my hands, and since acquiring that requires me to have either insane luck or highly valuable marketable skills, and I lack both, that's the process I'm trying to think of using somehow. (Short of someone deciding they want to hire an amateur singer for lots and lots of money, I don't have much in terms of carreer choices, so.)
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altpersona

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Re: Need some lessons in economy and/or investing.
« Reply #1 on: August 01, 2011, 10:14:53 PM »
a. im not sure exactly what your options are in your neck of the deep south..

b. nothing good happens fast with money...

c. you want safe or you want productive?

c.1 if you want safe, aim low and secured, do your banks have CD's or such?

c.2 if you want productive, stocks are where its at.

d. dont listen to me, im terrible with money..
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The_Mad_Linguist

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Re: Need some lessons in economy and/or investing.
« Reply #2 on: August 01, 2011, 11:13:15 PM »
It's a good time to get into the stock market.  It's too late to invest in gold, but there's a bunch of other stock that seems like a good investment.  Oil's a good hedge against inflation.
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skydragonknight

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It always seems like the barrels around here have something in them.

Kuroimaken

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Re: Need some lessons in economy and/or investing.
« Reply #4 on: August 01, 2011, 11:47:27 PM »
Hm, tough. Stocks feel a lot like lottery to me. Plus I don't think my town actually HAS a stock marketplace to speak of.
Gendou Ikari is basically Gregory House in Kaminashades. This is FACT.

For proof, look here:

http://www.layoutjelly.com/image_27/gendo_ikari/

[SPOILER]
Which Final Fantasy Character Are You?
Final Fantasy 7
My Unitarian Jihad Name is: Brother Katana of Enlightenment.
Get yours.[/SPOILER]

I HAVE BROKEN THE 69 INTERNETS BARRIER!


skydragonknight

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Re: Need some lessons in economy and/or investing.
« Reply #5 on: August 01, 2011, 11:55:05 PM »
You could always buy US treasury bonds... >_>
It always seems like the barrels around here have something in them.

mthor

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Re: Need some lessons in economy and/or investing.
« Reply #6 on: August 02, 2011, 12:32:28 AM »
d. dont listen to me, im terrible with money..
lol
Invest in Biotech.
Very very risky even for big companies.
Hm, tough. Stocks feel a lot like lottery to me. Plus I don't think my town actually HAS a stock marketplace to speak of.
You can always buy online. charles schwab has the schwab one which will allow you to buy stocks singly as opposed to in a round(100)for no extra charge if you can qualify.
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Kuroimaken

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Re: Need some lessons in economy and/or investing.
« Reply #7 on: August 02, 2011, 12:41:35 AM »
You could always buy US treasury bonds... >_>
Aren't those limited to Americans?
Gendou Ikari is basically Gregory House in Kaminashades. This is FACT.

For proof, look here:

http://www.layoutjelly.com/image_27/gendo_ikari/

[SPOILER]
Which Final Fantasy Character Are You?
Final Fantasy 7
My Unitarian Jihad Name is: Brother Katana of Enlightenment.
Get yours.[/SPOILER]

I HAVE BROKEN THE 69 INTERNETS BARRIER!


mthor

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Re: Need some lessons in economy and/or investing.
« Reply #8 on: August 02, 2011, 12:48:37 AM »
You could always buy US treasury bonds... >_>
Aren't those limited to Americans?
I don't think so but I would seriously avoid them for now. If you follow American politics you would know that the US is going to hell in a handbasket, And we may or may not default on our debts.
The god of thunder....... yeah I'm the hammer

Just ask yourself..... W.W.T.D  what would Thor do
mthor, look what you did. You made people on the internet argue. We all hate you with a fiery passion, now. :P

Kuroimaken

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Re: Need some lessons in economy and/or investing.
« Reply #9 on: August 02, 2011, 01:04:12 AM »
You could always buy US treasury bonds... >_>
Aren't those limited to Americans?
I don't think so but I would seriously avoid them for now. If you follow American politics you would know that the US is going to hell in a handbasket, And we may or may not default on our debts.
I don't follow them that much, but yeah, it gets a fair bit of comment around here.
Gendou Ikari is basically Gregory House in Kaminashades. This is FACT.

For proof, look here:

http://www.layoutjelly.com/image_27/gendo_ikari/

[SPOILER]
Which Final Fantasy Character Are You?
Final Fantasy 7
My Unitarian Jihad Name is: Brother Katana of Enlightenment.
Get yours.[/SPOILER]

I HAVE BROKEN THE 69 INTERNETS BARRIER!


mthor

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Re: Need some lessons in economy and/or investing.
« Reply #10 on: August 02, 2011, 02:22:11 PM »
You could always buy US treasury bonds... >_>
Aren't those limited to Americans?
I don't think so but I would seriously avoid them for now. If you follow American politics you would know that the US is going to hell in a handbasket, And we may or may not default on our debts.
I don't follow them that much, but yeah, it gets a fair bit of comment around here.
I wasn't criticizing you I, unlike most Americans, find it very likely that the solar system is heliocentric not red-white-n-blue centric
The god of thunder....... yeah I'm the hammer

Just ask yourself..... W.W.T.D  what would Thor do
mthor, look what you did. You made people on the internet argue. We all hate you with a fiery passion, now. :P

Kuroimaken

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Re: Need some lessons in economy and/or investing.
« Reply #11 on: August 02, 2011, 02:29:06 PM »
I was asking more out of curiosity, actually.
Gendou Ikari is basically Gregory House in Kaminashades. This is FACT.

For proof, look here:

http://www.layoutjelly.com/image_27/gendo_ikari/

[SPOILER]
Which Final Fantasy Character Are You?
Final Fantasy 7
My Unitarian Jihad Name is: Brother Katana of Enlightenment.
Get yours.[/SPOILER]

I HAVE BROKEN THE 69 INTERNETS BARRIER!


mthor

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Re: Need some lessons in economy and/or investing.
« Reply #12 on: August 02, 2011, 02:45:30 PM »
Actually we just fixed it (kind of) but for the longest time Democrats and Republicans were refusing to raise the debt ceiling (just like it sounds the max amount of debt the US is in) mainly because the Democrats were wanting to drop the spending immensely but they also wanted to raise taxes on the richest 10?%. The Republicans would not allow that so they were stonewalling. They wanted to just cut spending. In my mind this proves just how in the pockets of big business the Republicans are.[spoiler]http://www.telegraph.co.uk/news/worldnews/barackobama/8675403/US-debt-crisis-The-Republicans-have-shot-themselves-in-the-foot.html[/spoiler] That link explains the general feelings if not the specifics. It really does show how polarized American politics has become.
The god of thunder....... yeah I'm the hammer

Just ask yourself..... W.W.T.D  what would Thor do
mthor, look what you did. You made people on the internet argue. We all hate you with a fiery passion, now. :P