:::RHMT::: Real Home Made Turbo
General Category => General Discussion => Topic started by: ratcityrex on May 24, 2010, 03:09:21 PM
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Im so fucking confused right now about all this and that tax pre tax after taxed ira roth mutual funds fuking bullshit..........
I want to invest and make money, and not pay the tax man shit! What do I do? Point me in the right direction. I want to retire one day, and be the fat cat on a pile of cheese. Maybe I should just grow dope and invest that money ;D ;D
No but for real. My wife had a 401k with her pervious employer and she hasent worked for them for over a year. Now I belive that she has to move it to some other account? I think?
Man investin is so far over my head. B4 I got married, I would just cash my checks and carry cash. If It was gone, then I was broke untill payday.
1. What happens if I dont move/rollover her 401k that she has now?
2. I was told years ago by a really smart cpa, that mutual funds is where its at.
3. Where the fuck do I start?
4. Can I just go to bank of america and say here is some money, invest it for me?
Do you guys know of any good advice or shit I can read on the interwebs?
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There is help in this thread: http://www.realhomemadeturbo.com/forum/index.php?topic=12553.0 (http://www.realhomemadeturbo.com/forum/index.php?topic=12553.0)
and
http://www.realhomemadeturbo.com/forum/index.php?topic=5288.0 (http://www.realhomemadeturbo.com/forum/index.php?topic=5288.0)
Hope that helps. ;D
Maybe get a sharebuilder account. :-\
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The best investment you could do it not getting married. :yes:
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Teg you are out of your mind. She makes way more than I do. I have invested in my car....lol
She has at least set up a 401k. Fuck, im slacking...
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I just want to throw money in an account and make money on it. That is all. Im not gona be watching stocks and all that shit. Just wish a savings account payed out more.
And then when Im old I can afford a viagra habbit.
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Ok, that being said, the best investment is not to work and divorce next year ;)
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I just want to throw money in an account and make money on it. That is all. Im not gona be watching stocks and all that shit. Just wish a savings account payed out more.
And then when Im old I can afford a viagra habbit.
looki into money market acct. like a saves acct. but will pay more % with no risc
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Go to bank of america or wherever you bank and tell them you're thinking about investing and want to talk to someone about it. They should be able to answer your questions. This probably isn't the best place to get all the advice. If you want to setup a retirement account an IRA is what you want to look into, A ROTh is probably best. But go ask the guys at the bank or investment firm all the questions you want and they'll help you out.
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Step 1: Get bankroll
Step 2: Download etrade
Step 3: place bankroll in toilet, squat over said toilet, take a fat shit, then get up, Pee as hard as you can aiming for and hitting your turd, breaking the turd into pieces, bonus points for eating lots of corn in the prior days. Sweet.
Step 4: Flush toilet
Step 5: profit
Step 6: win
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ive thought about etrade in the past but never set aside enough money to bother. anybody use it?
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ive thought about etrade in the past but never set aside enough money to bother. anybody use it?
Ya look at the first thread I posted. There is a few who have. ;D
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Go to the bank. And if you think you can make a lot of money without having a lot of money, good luck.
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Go to the bank. And if you think you can make a lot of money without having a lot of money, good luck.
It's pretty easy if you don't try acting hood rich every time you make $5.
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Money markets are a ripoff. You don't even keep up with inflation with that bullshit. Here is my shit in my 401k...
SSgA Government Money Market Fund 0%
PIMCO Total Return Fund - Class A 6%
SSgA Life SolutionsSM Balanced Growth Fund 5%
SSgA Life SolutionsSM Growth Fund 5%
SSgA Life SolutionsSM Income & Growth Fund 5%
Van Kampen Comstock Fund - Class A 5%
Franklin Rising Dividends Fund - Class A 5%
SSgA S&P® 500 Index Fund 5%
Thornburg Value Fund - Class A 8%
Victory Diversified Stock Fund - Class A 5%
Janus Forty Fund - Class S 5%
Oppenheimer Capital Appreciation Fund - Class A 5%
T. Rowe Price Mid-Cap Value Fund - Class R 5%
BlackRock Mid Cap Value Opportunities Fund - Investor A Class 0%
Fidelity Advisor Value Strategies Fund - Class T 6%
Alger Mid Cap Growth Institutional Fund - Class I 8%
BlackRock Value Opportunities Fund - Investor A Class 0%
Royce Total Return Fund - Service Class 5%
SSgA International Index Fund 5%
AllianceBernstein Global Thematic Growth Fund - Class A 5%
Oppenheimer Global Fund - Class A 7%
That's right niggers... spread that shit out as much as possible.
My quarterly rate of return was 3.70% in this "shitty" economy. I've basically gained 11% in 8 months with a super conservative blanket 401k. Fuck your money market (notice how I put 0% in that shit). Put money in. Spread it out. Let it sit. Put more in. Quit job. Roll into IRA. This is what I've been told to do and it's working out so far.
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When the National Bank of Greece tanked my buddy Joe put $8k into it. If (when) they get bailed out he will be fat rich. If not and it tanks further he's young and single and it won't matter much.
Go back in time and put money into Netflix and of course Gold. Netflix has been on a crazy run for a few months.