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Posted: 1/4/2002 10:57:20 AM EDT
I've asked several different people on this, and figured it couldn't hurt to ask the people here. I have $3,500.00 that I want to work for me right now. I know already the riskier the investment, the higher the potential gains, and vice-versa. So, with that I'm willing to take SOME risk, but I really do not wish to loose my principle (or a third of it) within the same year. But I do wish to make a decent amount of money. Say 10% or higher annually is a good starting place. But I'd like 15% better (obviously). I'm looking for any and all ideas. Mention it even if you think I should know this already. Thanks.
Link Posted: 1/4/2002 11:00:44 AM EDT
The question for me would be: How should one invest the $500 left over from the $3500 AFTER I get the new AR, a couple of cases of ammo, and take a long trip to Thunder Ranch?
Link Posted: 1/4/2002 11:12:20 AM EDT
How old are you?? If under 45 yrs, apply this rule.... "Invest as risky as you can possibly stand and still be able to sleep at night."
Link Posted: 1/4/2002 11:16:17 AM EDT
Here is a safe stock to look into. I want in, but I am waiting for it to jump down to $25 a share. Pays 4 div a year, has a 5 div, that pays 10% in stock. So, in one year, you can have 110 shares of stock. The stock is WASHINGTON FED S & L ASSN (WFSL) Washington Federal Inc. is a holding company for Washington Federal Savings, a Savings and Loan Association. For the FY ended 9/30/01, total interest income rose 8% to $536.4M. Net interest income after loan loss provision increased 8% to $214.4M. Net income rose 8% to $113.6M. Net interest income reflects greater interest-earning assets and lower interest expense paid on FHLB advances. Earnings were partially offset by higher compensations.
Link Posted: 1/4/2002 11:18:04 AM EDT
I'm 20, and I don't [bold]NEED[/bold] the money. I'll still be able to pay my bills, and eat. But I'd be pissed if I lost . . . ANY . . . of it. But that's because I'm greedier than I should be. Yes, yes, why prepare for the future if the future isn't guaranteed; but what does it hurt to prepare for the future, right?
Link Posted: 1/4/2002 11:19:39 AM EDT
Or start dealing in arms to middle eastern terrorists at gun shows, [;)] its seems like a good thriving business to the brady folks. 50's are a hot commidity to the al-quias.
Link Posted: 1/4/2002 11:21:12 AM EDT
Originally Posted By ET3_SurfaceWar: I'm 20, and I don't [bold]NEED[/bold] the money. I'll still be able to pay my bills, and eat. But I'd be pissed if I lost . . . ANY . . . of it. But that's because I'm greedier than I should be. Yes, yes, why prepare for the future if the future isn't guaranteed; but what does it hurt to prepare for the future, right?
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All true. Based on this i would suggest a fairly agressive mutual fund. It can get you better than 10%, but your capital is not as jeopardized as it would be with a single stock. Walk into ANY brokers office with the cash in hand, and they will be able to point you to the appropriate fund.
Link Posted: 1/4/2002 11:24:36 AM EDT
How long are you willing to let the money sit? Will you want to use some of it in three years to buy a car, or are you willing to let it sit for thirty years to help pay for your retirement?
Link Posted: 1/4/2002 11:32:31 AM EDT
Originally Posted By garandman: All true. Based on this i would suggest a fairly agressive mutual fund. It can get you better than 10%, but your capital is not as jeopardized as it would be with a single stock. Walk into ANY brokers office with the cash in hand, and they will be able to point you to the appropriate fund.
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Mutual funds are for pussies! J/K I would look for a single stock, and buy 100 shares of it. Even Enron is a play to test, 100 shares of it is only $61! Here is a other one I been looking at. WILLIAMS COS INC (WMB) WMB is engaged in the transportation and sale of natural gas and petroleum products, and is engaged in energy commodity trading and marketing. WMB also engages in the communications business. For the 9 months ended 9/30/01, revenues rose 33% to $8.72B. Earnings from cont. ops. rose 56% to $939.1M. Revenues reflect an increase in Energy marketing and trading revenues. Earnings also benefited from increased profit margins. Heck go look at this one too. KRISPY KREME DOUGHNUTS CORP (KKD) Krispy Kreme is a branded specialty retailer of premium quality doughnuts which are made throughout the day. As of 7/29/01, there are 190 Krispy Kreme stores operating nationwide. For the 39 weeks ended 10/28/01, revenues rose 27% to $277.3M. Net income increased 73% to $18.1M. Revenues benefited from increased comparable store sales and new franchise stores. Earnings also reflect improved operating efficiencies and lower interest expense. c-rock
Link Posted: 1/4/2002 11:41:03 AM EDT
[Last Edit: 1/4/2002 11:41:30 AM EDT by garandman]
Originally Posted By c-rock: I would look for a single stock, and buy 100 shares of it. Even Enron is a play to test, 100 shares of it is only $61!
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That's not investing. THAT is gambling. [:D]
Heck go look at this one too. KRISPY KREME DOUGHNUTS CORP (KKD) Krispy Kreme is a branded specialty retailer of premium quality doughnuts which are made throughout the day. As of 7/29/01, there are 190 Krispy Kreme stores operating nationwide. For the 39 weeks ended 10/28/01, revenues rose 27% to $277.3M. Net income increased 73% to $18.1M. Revenues benefited from increased comparable store sales and new franchise stores. Earnings also reflect improved operating efficiencies and lower interest expense. c-rock
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I hear KrispyKreme has a class action lawsuit pending against them - by teh National Association of Fat People with Clogged Arteries and Ridiculously High Choleterol [:D] FWIW - those "premium quality donuts" are just lumps of dough soaked in sugar and glaze. KKreme is pretty big around here, so I know a little about them. In the BizarroWorld, i can see a lawsuit against KrispyKreme sometime in the not-too-distant future akin to the "cigarettes cause death" and "guns cause violence" lawsuits that are so chic right now.
Link Posted: 1/4/2002 11:42:06 AM EDT
Originally Posted By Renamed: How long are you willing to let the money sit? Will you want to use some of it in three years to buy a car, or are you willing to let it sit for thirty years to help pay for your retirement?
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If the interest rate seems to be good and it's stable, I'll let it sit for 5yrs or so. Anything longer than that would be for retirement.
Link Posted: 1/4/2002 11:46:24 AM EDT
Sit on this: [url]http://www.thunderranchinc.com/[/url]
Link Posted: 1/4/2002 11:50:26 AM EDT
Dolomite, I don't have the will-power to say "no" to this for very long... Get thee behind me, Satan![devil]
Link Posted: 1/4/2002 11:56:00 AM EDT
Value funds are doing okay. You might try one of the small or mid-cap value funds. I would not buy into growth funds unless I can handle 3-5 years of slow or no growth. But for the long-term, small-cap growth is a good buy right now. And the NASDAC is down 60% as of 1999 (its peak), so tech is a good buy right now if you can stand the wait (3-5 years, perhaps longer). My $.02.
Link Posted: 1/4/2002 12:11:55 PM EDT
I forgot, with these stocks, you can sell option calls on them, and make a little $$$ on the side. Not a bad deal, to get into selling call(Buy) options on stock you own. Been doing it alot this year, and have made some extra $$$ on the side. c-rock
Link Posted: 1/4/2002 12:53:53 PM EDT
How about CMP Garands? $3500 invested in them should grow in the next couple of years. Plus you get to enjoy them in the meantime.
Link Posted: 1/4/2002 12:56:15 PM EDT
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