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Who here has started to invest some of their money?

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wazawski
Posts: 756 - Karma: 159
So I don't have a whole lot in savings, however I do have a few grand that I would love to see grow till I'm ready to buy a house/nice car. Basically what I'm saying is, I've got a few grand that I'm willing to invest and not be able to touch for 10 years or so. Basically, where should I start? Anyone else here in their early 20's that have started to invest some of their money? When I say "see my money grow", I know that 3 grand won't turn into a million. But cash sitting in savings for ten years will gain chump change which is why I'm looking to invest and earn some real interest. So for my fellow NSer's who have started invested at a young age, what was you approach? Like I said, not expecting to get rich, just better off than if I had let my money sit in Chase savings and gain .01% interest.
Jul 12 2012 2:54AM
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.RYAN66
Posts: 5381 - Karma: 235
here is my only problem with buying a house as an investment. is that it is a long term investment unless you payed outright for it.


so you have have a 15 year mortgage you arent going to get your maximum gain for 15 years. granted you could sell before that but you wont get as much.



Jul 13 2012 6:54PM
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Forcillo
Posts: 3801 - Karma: 3,580
Give the money to a broker. I made a 12% gain last year doing just that. The fees and such aren't really too significant when you factor in the money you could potentially make
Jul 13 2012 8:48PM
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Hubsta
Posts: 1279 - Karma: 156
Can't really say I can fully trust brokers. Then again I supose their bonuses are linked to their clients.

I'm still suprised no-one has brought up forex trading. Playing the currency markets can bring some great profits to small time traders due to the leverage most brokers provide. For investing $2,000 you'll be able to typically trade with $200,000 (1:100 leverage). Most brokers give free demo accounts out as well, so you don't have to risk your own money straight away. Obviously due to the leverage, if you don't manage your risk correctly you'll likely hit some pretty large losses.

Jul 13 2012 9:30PM
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Gods_Father
Posts: 1466 - Karma: -284

gold and silver, stocks(but in your case, no)

metals+land=win

Jul 13 2012 9:46PM
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0123456789
Posts: 9226 - Karma: 148
I handsome stock in them. I should check with my dad toseebidbjstill have it orbit he sold it
Jul 14 2012 12:28AM
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0123456789
Posts: 9226 - Karma: 148
Fuck Mobil had some* to see if I still*
Jul 14 2012 12:30AM
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Static
Posts: 8491 - Karma: 4,063
yea, but you gotta live somewhere
Jul 14 2012 12:45AM
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Jahburn
Posts: 257 - Karma: 32
The only thing I invest in is marijuana. I basically loan money to dealers and or friends and get interest back I make more money than I would in a CD. I have helped move big herb through my town and so far and on top of it I have made profit somewhere around $250. I just started doing this around a month ago. Everyone I have loaned money to I have personally known so for me its a safe and easy way to make money. Fuck my bank I get .01% interest.
Jul 14 2012 12:58AM
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.RYAN66
Posts: 5381 - Karma: 235
True.
Jul 14 2012 9:00PM
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roddy116
Posts: 10622 - Karma: 7,396
starbucks
Jul 14 2012 10:08PM
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.Capn.
Posts: 1454 - Karma: 152
Credit Default Swaps. Do it
Jul 14 2012 10:45PM
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deleted5
Posts: 14507 - Karma: 13,500
I'm going to go on record and say the price of gold will like everything else eventually drop. however i made a SHITLOAD OF MONEY off google stock.
Jul 14 2012 10:57PM
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FLBP
Posts: 1794 - Karma: 310

I put 10% of my checks into TSP.  I have an allotment set up to take it out automatically and it's tax free, with a pretty steady return around 10%.  If I wait till I'm 59 to redeem it it's completely tax free but if I take it before then uncle sam gets his fair share.  My employers hook it up with the investments.

Jul 14 2012 11:04PM
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Heart
Posts: 6156 - Karma: 3,462
Does jiberish count as an investment?
Jul 15 2012 9:37PM
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sammyk
Posts: 436 - Karma: 131
i want in this thread
Jul 15 2012 10:01PM
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H8CH
Posts: 2709 - Karma: 218
At the property discussion-the average people stay in a home is 5 years. It's all about location. You can make good returns if you're smart.
Jul 15 2012 10:39PM
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H8CH
Posts: 2709 - Karma: 218
Oh shit-iPhone posted by accident! I meant to add.... My taxes are really high...2.53% which means I pay about 11-12gs a year (or an extra grand a month). Yeah it sucks, but you can deduct some from income tax at year end. My house has gone up in value 50k in 6 months due to a housing boom driven by a crazy job market down here in Houston... (I work in oil)....but as I said above-you gotta be smart about it. You don't need 20%.... You can do 5%... But will have to pay PMI which is a lot! I did an 80-10-10 which is a good way to avoid that-you get a second lien for 10%..... But anyway-all this talk is irrelevant to the OP. But property is king-I aim to be mortgage free by 40.
Jul 15 2012 10:44PM
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Jpurd
Posts: 3196 - Karma: 3,554
1. buy a plane ticket to California
2. buy gold mining equipment
3. mine gold
4.??
5. Profit
6. Buy House
Jul 15 2012 10:51PM
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iRapeKittens
Posts: 416 - Karma: 46
Greek government bonds, gotta love 25% yields
Jul 15 2012 11:00PM
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ECB
Posts: 6991 - Karma: 618
Invest in Russia

For real


If you can figure out how, you're gonna get happy
Jul 15 2012 11:02PM
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Brock.
Posts: 5698 - Karma: 1,327
Yes, but it's too late. The only real value comes from pre 2010 stuff.
Jul 16 2012 12:45AM
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F-Beezy
Posts: 365 - Karma: 86
lol u will prob end up using it before then...
Jul 16 2012 1:02AM
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F-Beezy
Posts: 365 - Karma: 86
invest in drugs..

drugs are good
Jul 16 2012 1:05AM
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fupaface
Posts: 810 - Karma: 449
invest in coca-cola they own most of the water rights in mexico.
Jul 16 2012 1:10AM
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deleted5
Posts: 14507 - Karma: 13,500
Westcheter ny lived there too highest property taxes in the USA or it used to be 2 years ago I'm not sure where rates at now but I pay well over 50 G's year for my house.
Jul 16 2012 1:37AM
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dmc12380
Posts: 3545 - Karma: 792
are you saying $70 per full transaction for 1 investment out of the five. Because scotttrade fees you $5 buy and $5 sell, obviously no middleman here.
Jul 16 2012 1:43AM
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Rachy
Posts: 4355 - Karma: 2,761
I'm going to throw this out there and say that admitting some pretty illegal things on a pretty public forum isn't the worlds smartest investment in your future.
Jul 16 2012 1:47AM
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dmc12380
Posts: 3545 - Karma: 792
Heres a screen shot of one portfolio I have, small cap tech companies. I track them with yahoo.finance for ease. I started on 10-18-2011 with $1000 equally weighted in each stock, and i have not gone back an reset the weights due to transaction costs. 58% aint bad, but obviously very risky. THere was one point i think i was 58% in the red.

Click for larger image
Jul 16 2012 1:51AM
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Static
Posts: 8491 - Karma: 4,063
shut up meg
Jul 16 2012 1:56AM
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Static
Posts: 8491 - Karma: 4,063
shut up meg
Jul 16 2012 1:56AM
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feihlination
Posts: 8356 - Karma: 1,084
all of your profits come from one single share dude. a little risky
Jul 16 2012 12:11PM
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Bar_Down
Posts: 5896 - Karma: 395
If anyone is interested in some long term shit I guess it wouldn't be a bad time to invest in CP stock. They recently brought on Hunter Harrison as CEO so things can only go up from here.
Jul 18 2012 8:29PM
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Aaaron.
Posts: 11817 - Karma: 903
better hope none of your friends are snitches, other wise you're in deep.

whole time this is a claim post, cause you would never post that kind of thing here. i'm calling BS, mr american gangster
Aug 7 2012 5:41PM
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Lt-Aldo-Raine
Posts: 2309 - Karma: 120
Just out of curiosity how well did you do?
Aug 7 2012 5:50PM
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grown-ninja
Posts: 3031 - Karma: 175
no scottrade is 7 for straight market orders or at least mine is...so every buy and sell is $14 bucks, of you buy and sell 5 stocks that 70$ just in fees, if you only have 1000 to invesy thats 7% in fees off the top
Aug 7 2012 7:39PM
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