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Posted: 8/16/2007 6:31:44 PM EDT
[#1]
buy low, sell high
short high, cover low 
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Posted: 8/16/2007 6:37:50 PM EDT
[#2]
For a new investor - head over the the General - Business and Investing Forum!
There are a ton of great threads for those who want to learn. But - for starters.... make sure you aren't throwing money away in high interest *payments* before putting money into an investment. 1. $1,000 to start an Emergency Fund 2. Pay off all higher interest consumer debt (car, credit cards) 3. Save Three to six months of expenses in savings 4. Invest 15% of household income into Roth IRAs and pre-tax retirement 5. College funding for children When ya get past step three.... start really looking at your options. |
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Posted: 8/16/2007 6:41:38 PM EDT
[#3]
ROTH IRA!
Seriously. You can deposit up to $3k a year (fact check anyone?) and you're taxed when you deposit the money. But at the age of 65 you can take out all of the money completely tax free. Did I mention the interest on your ROTH is compounded continuously. This is 10x better than your standard IRA. Also...not to be preachy, but investing is more about changing your state of mind. I realize that you appreciate the finer things in life. But the best way to make the most amount of money in the least amount of time off your investments is to snowball them. In other words...if you make money off some investments, reinvest that money into more investments. Don't simply spend it on depreciating crap like cars. |
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Posted: 8/16/2007 6:41:56 PM EDT
[#4]
Let me know what stocks you buy so I know to sell them.
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Posted: 8/16/2007 6:42:29 PM EDT
[#5]
ZING!
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Posted: 8/16/2007 7:05:19 PM EDT
[#6]
$4K.
No - you are taxed when you earn it. It is simply regular money you put in with no pre-tax benefit applied - like in the case of a qualified 401K plan. When you put money in a Roth, it simply comes out of your checking account (or regualr income if you set up and automatic deposit from your paycheck)
59 1/2 years. 
It is compounded exactly the same as any other pre or post tax investment.
That is absolutely false. Everyone has to evaluate their age, current tax bracket, expected tax bracket at retirement, and other factors before they can decide whether it is ANY better that a typical IRA. However, in most cases, it has some advantages over a traditional IRA.... agreed.
Agreed. |
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Posted: 8/16/2007 7:08:06 PM EDT
[#7]
So if we are talking retirement investments.... most people agree on the following:
1. 401K - invest up to the amount matched by your employer, if applicable. 2. Max out a ROTH IRA. 3. Max out your 401K/Traditional IRA up to the limit allowed.... if you can. This doesnt say anything about what to put your money in after those are in place.... you need to do a ton of readin to answer that. No magic carpet rides. |
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