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I have zero clue about investing but I've been looking into savings bonds. I want to start investing about $25 a month and even though the interest rates suck, I like the yield in 10 or 20 years. I understand with inflation that the amount of money will be worth a lot less. Good idea y/n? If not where would you invest 25 bucks a month? If you say Ford or GM I'm going to kick you in the scrotum/ovaries.
Must be that Kangaroo blood.
Listen buster. I troll. I am not trolled. Got it?
this is what happens when you start investing at 43 and name it after you
It's kind of late to be investing and Chrysler, LOL FuNnY
Invest in stocks
me being serious now: why would you invest in anything right now with how unpredictable the economy is
$25 a month is $300 a year. If you had a little bit saved up to start with, an IRA is a better option. Begin depositing that $25 a month and in a year when you can afford more, start depositing around $2000 a year. As you get into real life and working, begin depositing the max percentage that your employer will match. You'll end up with a much more sound investment.
Rule of 72 ho hum
I do a deferred comp thing. I put money $100 bucks a month into this account, before taxes, and after 25 years I get it back out with no taxes taken out.
I dunno who it is through, the company showed up at our work and I signed up for it to take it directly out of my paycheck.
I bet you don't.Quote:
Originally Posted by sudo
You're getting milked for $100 a month and you dunno who's getting it? Now that's retarded!Quote:
Originally Posted by sudo
Once the market stabilizes (not recovers), start investing in companies that offer green technologies.
And don't invest in communism.
Worst. Advice. Ever.
First of all, with $25 a month to work with, what's the point of dealing with stock? The transaction fees will eat him alive. Secondly, why the fuck would he wait until the market stabilizes? Plenty of companies are due to weather the storm, you're better off investing now and making your money on the front end. Finally, Bifford specified he is looking for a long-term investment. Mutual funds, IRAs, CDs, and savings bonds are a much better, safer long-term investment. Stock trading is for people looking to get lucky and large, diverse portfolios that can absorb risk.
QFT. If you're going to invest, learn this rule. Love this rule. Make it your bitch, etc.Quote:
Originally Posted by Atmosfear
In your case, it might be easier to learn the rule of 69...
But this is the internet. I can be an expert in anything...Quote:
Originally Posted by Atmosfear
Everything that Atmosfear has said in this thread is dead on. However, Biff, if you really want to do Savings Bonds it isn't the worst way to go. The yield isn't so great, but it is the safest investment you can make (assuming you aren't one of those doom and gloom, 'The government is going to go out of business sooooooooon zomg!' types.)
or government could go bankrupt. repent! repent!Quote:
Originally Posted by Mr. E
tbh, the absolute "safest" investment is "the mattress stuffed with cash" fund.
granted, the yield sucks, but at least it isn't dependent on the financial solvency of any institution. just be sure to guard it with a shotgun and a barricaded front door.
It's probably not Ocean's Eleven/Thirteen proof.
that's why you have barricade and shotgunz!Quote:
Originally Posted by TheOriginalGrumpySpy
edit: ooooh i c. well you need to kill ocean's eleven/thirteen pre-emptively by spending your moniez on hit men.
Because let's be honest, Ocean's Twelve was a bunch of fuckin' pussies.
The government technically can't go bankrupt. Our money could become next to worthless and go the way of the yen, but technically our government can't go bankrupt.Quote:
Originally Posted by sycld
Also, your 'mattress stuffed with cash' thing is not an investment. It is a form of saving, and it is the worst form of saving for so many reasons I won't even start listing them. Actions like this are bad for the economy, and not trusting banks (there is no reason not to trust banks unless you are putting more than $100,000 in any one bank account, an action which nobody who has enough money to do this would do) is even worse for the economy.
unfunny joke is still joke.
I couldn't tell it was a joke, lol.Quote:
Originally Posted by sycld
why would i seriously encourage anyone to stuff cash into their mattress and guard it with a shotgun behind a barricade...?
*shrug* I thought just the last part was the joke
Short answer. Yes
just go spend your money. I am doing my part to stimulate the economy by not saving any money.
Too bad since the market sucks all long term investments like bonds, IRAs, CDs, and what not are paying like shit.
Go buy as much gold as possible.
Curse the internet. It is so hard to convey tone. If you're joking, terrible joke. If you're not joking, then you don't understand the nature of long term investments.Quote:
Originally Posted by Tekk
See, I just spent like $75 on some hard to find items. Im doing my part.
Also invest in zoints while you still can. Can you say staying power?
bad joke...Quote:
Originally Posted by Mr. E
Investing is a waste of time.
Jesus is coming back soon.
Yes
Shut up Pauly.
Investing for an Australian = stuffing dollars down a kangaroo pouch
Umm ok?
Now open your fucking mouth while I invade you with my American-made cruise missileQuote:
Originally Posted by paulyt
Serious answer tiem ok?
No, they are worse than a waste of time. You will lose all your real wealth when your bonds become worthless after the upcoming collapse of the dollar.
If you want a store of value that will survive Great Depression II, buy gold coins. If you buy anything valued in currency, buy something denominated in euros. You will be using the dollar as wallpaper by the time the fed is through with us.
Edit:
People like this are suckers doing what the bankers tell them to squeeze the last bit of profit out of their failed business decisions. (Yes, I get than you're joking.)This economy needs to fail so it can be rebuilt on a sound foundation.Quote:
Originally Posted by Anonymous d
You forgot to mention that when WWII ... II happens that we have to remember to pry out the gold teeth or else we'll all be using bottle caps for currency.Quote:
Originally Posted by nine castles
http://www.youtube.com/watch?v=2I0QN-FYkpw
Look at that and tell me which of these people has a clue what he's talking about.