soxfan420 Posted January 8, 2004 Share Posted January 8, 2004 im looking to invest a couple thousand is stocks is there anyone that has some advice on what kind of companys i should put money into??? Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 9, 2004 Share Posted January 9, 2004 How long of a period do you wish to invest for? Are you looking to use the money for retirement in 40 years, buy a home in 5, or vacation in Vegas in 4 months? Quote Link to comment Share on other sites More sharing options...
soxfan420 Posted January 9, 2004 Author Share Posted January 9, 2004 How long of a period do you wish to invest for? Are you looking to use the money for retirement in 40 years, buy a home in 5, or vacation in Vegas in 4 months? retirement with but i also what to buy a house in 5-6 years. when i get though law school. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 9, 2004 Share Posted January 9, 2004 My honest advice would steer you away from individual stocks (high risk, high reward) and into one of the index stocks at the AMEX that mirror what the markets as a whole do. They have ones the mirror the SP, Dow, and Nasdaq. Quote Link to comment Share on other sites More sharing options...
DBAHO Posted January 9, 2004 Share Posted January 9, 2004 My sister works at a big stockbroker JB Were down here doin financial stuff, our family's all got shares that her company has recommended. Quote Link to comment Share on other sites More sharing options...
Be Good Posted January 9, 2004 Share Posted January 9, 2004 WELL im takin Enconomics Quote Link to comment Share on other sites More sharing options...
DBAHO Posted January 9, 2004 Share Posted January 9, 2004 WELL im takin Enconomics Neva heard of Enconomics. How is it? Quote Link to comment Share on other sites More sharing options...
Be Good Posted January 9, 2004 Share Posted January 9, 2004 Neva heard of Enconomics. How is it? ITS sweet, though I wouldnt know cause im hardly there Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted January 9, 2004 Share Posted January 9, 2004 My recommendation is invest in real estate. Although it can be harder to do, I think overall it is a much safer investment and can have big rewards. My plan is to own two rental properties by the time I graduate from law school. Quote Link to comment Share on other sites More sharing options...
DBAHO Posted January 9, 2004 Share Posted January 9, 2004 My recommendation is invest in real estate. Although it can be harder to do, I think overall it is a much safer investment and can have big rewards. My plan is to own two rental properties by the time I graduate from law school. Real Estate's a good bet to go on. For the last year down here we've had a real housing boom with prices skyrocketing like we bought our house for $310,000 bout 5 years ago and now we could prob sell it for ova $500,000 even though we've fixed it up a little. Interest Rates are very important though, the lower they area the more chance u hav of a gettin a betta price. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 9, 2004 Share Posted January 9, 2004 My recommendation is invest in real estate. Although it can be harder to do, I think overall it is a much safer investment and can have big rewards. My plan is to own two rental properties by the time I graduate from law school. Ordinarily that isn't a bad idea, but I would be very careful in the real estate market for now. The market has been great because of low interest rates, but I would bet the market collapses pretty good when interest rates start to ratchet up, because people have really bought up the market pretty good. Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 9, 2004 Share Posted January 9, 2004 My honest advice would steer you away from individual stocks (high risk, high reward) and into one of the index stocks at the AMEX that mirror what the markets as a whole do. They have ones the mirror the SP, Dow, and Nasdaq. Exactly what I was thinking. Unless this investment is instead of a trip to Vegas, spread out. Quote Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted January 9, 2004 Share Posted January 9, 2004 im looking to invest a couple thousand is stocks is there anyone that has some advice on what kind of companys i should put money into??? If you are not very knowlegeable of the Stock Market and what companies are going to catch fire this year I suggest you put that money in a stock index mutual fund and let it sit there at least that 5 years you mentioned. That's what i do with my cash cause I dont have the time to research individual stocks but I realize that the stock market provides the best rate of return of all investment options out there. Quote Link to comment Share on other sites More sharing options...
FlaSoxxJim Posted January 9, 2004 Share Posted January 9, 2004 im looking to invest a couple thousand is stocks is there anyone that has some advice on what kind of companys i should put money into??? Screw the stock market. Put your money in Mason jars and bury it in the back yard. Quote Link to comment Share on other sites More sharing options...
FlaSoxxJim Posted January 9, 2004 Share Posted January 9, 2004 My recommendation is invest in real estate. Although it can be harder to do, I think overall it is a much safer investment and can have big rewards. My plan is to own two rental properties by the time I graduate from law school. Jason the Slum Lord? Well at least you wil have the law degree so you can defend yourself in court when you need to... Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 9, 2004 Share Posted January 9, 2004 Another idea. If you have a dozen friends who are also thinking of investing, create an investment club, do some research and basically create your own mutual fund. You will learn a lot, possibly make a little money, and probably not make any gigantic blunders. Quote Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted January 9, 2004 Share Posted January 9, 2004 Screw the stock market. Put your money in Mason jars and bury it in the back yard. I prefer the mattress myself Quote Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted January 9, 2004 Share Posted January 9, 2004 Jason the Slum Lord? Well at least you wil have the law degree so you can defend yourself in court when you need to... Wasn't it him that was going to buy the Sox with the 200 million dollars? Damn. You going to buy up propreties in the area of the cell and turn them into slum tenements with the remaining cash? Ya know, kinda add to the ambience of the place. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 9, 2004 Share Posted January 9, 2004 Another idea. If you have a dozen friends who are also thinking of investing, create an investment club, do some research and basically create your own mutual fund. You will learn a lot, possibly make a little money, and probably not make any gigantic blunders. I came about that close to doing just that a few years back, but ended up not being able to get enough money together. I am going to open a trading account hopefully within this next year. I have been in the business 5 years now and am really anxious to see how much I have learned. Quote Link to comment Share on other sites More sharing options...
mreye Posted January 9, 2004 Share Posted January 9, 2004 I came about that close to doing just that a few years back, but ended up not being able to get enough money together. I am going to open a trading account hopefully within this next year. I have been in the business 5 years now and am really anxious to see how much I have learned. Yeah, I work at a frickin' exchange and I've learned that when I'm thinking about buying I should really sell short, and when I'm thinking about selling, I should really buy more. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 9, 2004 Share Posted January 9, 2004 Yeah, I work at a frickin' exchange and I've learned that when I'm thinking about buying I should really sell short, and when I'm thinking about selling, I should really buy more. The Mreye Contrafund Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 9, 2004 Share Posted January 9, 2004 Is anyone here into socially responsible investing or checking their investements insofar as to the firms environmental, social, ethical practices? Quote Link to comment Share on other sites More sharing options...
mreye Posted January 9, 2004 Share Posted January 9, 2004 The Mreye Contrafund I should be like Costanza and try "Opposite Eye" instead of Opposite George. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 9, 2004 Share Posted January 9, 2004 I should be like Costanza and try "Opposite Eye" instead of Opposite George. We have a couple guys on our desk that we always talk about contra trading. These guys could lose money running the lottery. It is an idea I have had for a while. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 9, 2004 Share Posted January 9, 2004 Is anyone here into socially responsible investing or checking their investements insofar as to the firms environmental, social, ethical practices? Nah, I find the unethical companies are more profitable Quote Link to comment Share on other sites More sharing options...
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