Investing Money

[CGM]

Fool.com: Stock Investing Advice | Stock Research is a great site for investment information. It's primarily U.S. based, but there is a lot of good basic material that applies anywhere.

If mutual funds are in your picture, then consider index funds. In general they outperform managed funds when you take into account the management fees.

Diversification is important, don't put all your eggs in one basket,

Something my father (bless his soul) told me a long time ago. Never put more money in any single stock than you can afford to lose.

Another interesting rule of thumb my father told me. If you are trying to decide whether or not you should sell a stock, then consider the current market value of the shares, and ask yourself if you would invest that money into the stock if you didn't already own it. If the answer is no, then the logical thing is to sell, because it means you think the money is better spent elsewhere. Think about it. It's a great rule of thumb

Beware of over trading. Too many brokerage fees is a great way to piss away your profit margin.

[El Kabong]

I just had to figure out where to put my yearly savings in my 401(k), I'm going with more overseas investing this year (along with a little bit in Vanguard S&P 500) as I am 100% certain inflation will happen soon and therefore a World Bond Fund looked really nice to me.

How often do you reallocate your 401k?

Well the funds come up once a year, but I can change it whenever I want to.

[Andre]

I just had to figure out where to put my yearly savings in my 401(k), I'm going with more overseas investing this year (along with a little bit in Vanguard S&P 500) as I am 100% certain inflation will happen soon and therefore a World Bond Fund looked really nice to me.

How often do you reallocate your 401k?

Well the funds come up once a year, but I can change it whenever I want to.

I take it thats your retirment superannuation fund?

Is that 100% goverment backed out there so you can never lose on it?

Out here brokers have taken over the super funds and many of them of have gone down with that last crash. Hundreds of thousands of people lost their whole life savings and the high returns prior to the crash had them topping up their retirment super funds with their other cash,very sad,many older ones just die off soon after becuase they feel broken.

[Gandalf]

How often do you reallocate your 401k?

Well the funds come up once a year, but I can change it whenever I want to.

I take it thats your retirment superannuation fund?

Is that 100% goverment backed out there so you can never lose on it?

Out here brokers have taken over the super funds and many of them of have gone down with that last crash. Hundreds of thousands of people lost their whole life savings and the high returns prior to the crash had them topping up their retirment super funds with their other cash,very sad,many older ones just die off soon after becuase they feel broken.

That is just awful, and that kind of horror makes me very reluctant to take too many risks. My savings accounts might be rubbish, but at least the money stays. The system is too complicated for the average working man who doesn't have time to sit down and analyse the it day in day out.

[jamiebhoy]

Another point you will need to consider are the tax implications, dependant on where you invest and how much time you are in that country etc.

Working in the finance industry I can only recommend that you find a financial advisor who is not specificially tied to one group and get advice that way if you are not up to speed with market trends.

I know a lot of people will call them all sharks etc but there are some good ones out there.

[leftylee]

I save about £400 a month. I'm buying a brand new car next year which is worth £12,000. With what's in my account now, from what I'll have from now to July and the value of the car I'm driving now I'll easy have the cash.

Here's the car I'm getting in July next year.

New shape Ford Fiesta titanium. This colour but with 4 doors instead of 2.

[leftylee]

no money to invest

whatever comes in usually goes out within the year on clothes, holidays, booze, women etc

i had a savings account for 6 years and managed to save up 5k, spunked it all away on a fiat that lasted me 6months before it broke down

message from this story - dont invest in fiats

A Fiat Punto was it ? I've heard bad things about those cars.

Cheap Italian shite is what Fiat are

[leftylee]

As for you Miles easy solution - Hide it under the floor board.

I'm being completely serious. My Uncle is a joiner/builder who runs his own business and makes very good money. He blags the taxman says he's making half. Never uses banks doesn't trust them. Pays everything cash only. All hidden under his bedroom floor. Has thousands there.

[CGM]

I save about £400 a month.
...

So your parents don't charge you for room and board then?

[leftylee]

I save about £400 a month.
...

So your parents don't charge you for room and board then?

They don't ask for it. But I give them cash for that. It doesn't go out the £400 though.

[Spicoli]

Been a long while.Had a bit of a 'situattion' with Uncle Sam stemming from a past job and then came the iffy investments catching up from my early 20's.Found some sound footing a few years back and have been steady investing in basically a solid nest egg.I prefere stacks of cash but need to make it work for me.Spent years renting which is azznine,money blown paying someone elses morgage.

[X]

Greetings, O wise friend. I am known as X on this forum, but I am really de Nigerian Minister of Finance.

I have recently brokered a very very very impotant deal involving Royal Dutch Shell and de opening of the Abaku-Ifajan region of our contry. Dis is a very oil rich area and total revenues are expected to be in excess of US$350million. The rate of return in dis monies will dwarf de figures that the ignorant bushmen on this website are squeaking about.

I have been nominated by His Excellency, Prince Badu Ajami, as the government representative in this operation and I have US$100million deposited in my account. My fee for this work is US$10million and I wish to remove this money from Nigeria and place it in another bank account overseas. It is only right that de small birds should also dip their beaks into de cool water for a drink every wonce in a while.

Now, you may not know this, but it is currently illegal to move money from Nigeria, my contry, and I approach you as someone who has been vouched for as a trustworthy pehson. I propose to conclude de following transaction with you, my must trusted business partner.

If you wire to me your personal bank account details, including sort code and mothers maiden name, i will wire you the full sum of US$10million, and I will then immediately withdraw $US8million to my other account. This will leave you with cleared funds, not held in escrow of US$2million as your finders fee for dis transaction.

Dis very good deal, and time is very much of essence. Please wire me details and we do business as partners in dis most urgent transaction. You can check my website on ILL MITCH -----|-|-|-|-|-|---- ILLMITCH.com to verify my bona fide person.

I look fowad to hearing from you

Your good friend

His August Excellency
Corneluis V. Obadernotheah
Minister of Finance
Obadanjo
Nigeria

[BIG H]

I save about £400 a month. I'm buying a brand new car next year which is worth £12,000. With what's in my account now, from what I'll have from now to July and the value of the car I'm driving now I'll easy have the cash.

Here's the car I'm getting in July next year.

New shape Ford Fiesta titanium. This colour but with 4 doors instead of 2.

Girl's car

[HattonTheHammer]

no money to invest

whatever comes in usually goes out within the year on clothes, holidays, booze, women etc

i had a savings account for 6 years and managed to save up 5k, spunked it all away on a fiat that lasted me 6months before it broke down

message from this story - dont invest in fiats

A Fiat Punto was it ? I've heard bad things about those cars.

Cheap Italian shite is what Fiat are

yes it was mate

only realised 3 months in that the dodgy gearbreak was down to a faulty engine that had been serviced and tested on several different motors and was thus in technical terms "knackered out"

Along with shit steering, a flatulent exhaust i pretty much just gave up on the thing and took a 3.5k loss within 6months from a local second hand trader who no doubt fixed it up and sold it on for a ridiculous profit

[Andre]

Greetings, O wise friend. I am known as X on this forum, but I am really de Nigerian Minister of Finance.

I have recently brokered a very very very impotant deal involving Royal Dutch Shell and de opening of the Abaku-Ifajan region of our contry. Dis is a very oil rich area and total revenues are expected to be in excess of US$350million. The rate of return in dis monies will dwarf de figures that the ignorant bushmen on this website are squeaking about.

I have been nominated by His Excellency, Prince Badu Ajami, as the government representative in this operation and I have US$100million deposited in my account. My fee for this work is US$10million and I wish to remove this money from Nigeria and place it in another bank account overseas. It is only right that de small birds should also dip their beaks into de cool water for a drink every wonce in a while.

Now, you may not know this, but it is currently illegal to move money from Nigeria, my contry, and I approach you as someone who has been vouched for as a trustworthy pehson. I propose to conclude de following transaction with you, my must trusted business partner.

If you wire to me your personal bank account details, including sort code and mothers maiden name, i will wire you the full sum of US$10million, and I will then immediately withdraw $US8million to my other account. This will leave you with cleared funds, not held in escrow of US$2million as your finders fee for dis transaction.

Dis very good deal, and time is very much of essence. Please wire me details and we do business as partners in dis most urgent transaction. You can check my website on ILL MITCH -----|-|-|-|-|-|---- ILLMITCH.com to verify my bona fide person.

I look fowad to hearing from you

Your good friend

His August Excellency
Corneluis V. Obadernotheah
Minister of Finance
Obadanjo
Nigeria

I thought that was you.


Didnt you learn?
The last time you wrote to me,
I gave our local detectives mobile cell phone number as mine for you to contact me I never got another email.
I always wondered how that all went.