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Author Topic: Investing 101 somenone explane to me how to do it???  (Read 3754 times)

ratcityrex

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Investing 101 somenone explane to me how to do it???
« on: May 24, 2010, 03:09:21 PM »

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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92CXyD

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Re: Investing 101 somenone explane to me how to do it???
« Reply #1 on: May 24, 2010, 03:16:00 PM »

There is help in this thread: http://www.realhomemadeturbo.com/forum/index.php?topic=12553.0

and

http://www.realhomemadeturbo.com/forum/index.php?topic=5288.0

Hope that helps. ;D

Maybe get a sharebuilder account. :-\

Teg2boo

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Re: Investing 101 somenone explane to me how to do it???
« Reply #2 on: May 24, 2010, 03:17:16 PM »

The best investment you could do it not getting married.  :yes:

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ratcityrex

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Re: Investing 101 somenone explane to me how to do it???
« Reply #3 on: May 24, 2010, 03:19:31 PM »

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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New setup is old bottom end with a hype r head with gsr cams. built lsv with hx35 @ 26psi on pump gas
LEED tuned! 434hp/329tq http://www.youtube.com/watch?v=_pbDXZxZdZs
http://www.realhomemadeturbo.com/forum/index.php/topic,16195.0.html

Old Setup B18a1 296hp/289tq LEED Tuned 20psi on pump! http://www.youtube.com/watch?v=2Yj-Z90j4W4   
http://www.realhomemadeturbo.com/forum/index.php/topic,205.msg2437.html#msg2437

ratcityrex

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Re: Investing 101 somenone explane to me how to do it???
« Reply #4 on: May 24, 2010, 03:26:44 PM »

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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New setup is old bottom end with a hype r head with gsr cams. built lsv with hx35 @ 26psi on pump gas
LEED tuned! 434hp/329tq http://www.youtube.com/watch?v=_pbDXZxZdZs
http://www.realhomemadeturbo.com/forum/index.php/topic,16195.0.html

Old Setup B18a1 296hp/289tq LEED Tuned 20psi on pump! http://www.youtube.com/watch?v=2Yj-Z90j4W4   
http://www.realhomemadeturbo.com/forum/index.php/topic,205.msg2437.html#msg2437

Teg2boo

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Re: Investing 101 somenone explane to me how to do it???
« Reply #5 on: May 24, 2010, 03:31:29 PM »

Ok, that being said, the best investment is not to work and divorce next year ;)
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runsfromdacops

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Re: Investing 101 somenone explane to me how to do it???
« Reply #6 on: May 24, 2010, 04:24:57 PM »

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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TheMadScientist

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Re: Investing 101 somenone explane to me how to do it???
« Reply #7 on: May 24, 2010, 05:32:23 PM »

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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LS1pwNzJ00

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Re: Investing 101 somenone explane to me how to do it???
« Reply #8 on: May 24, 2010, 05:46:34 PM »

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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jeffsciv23

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Re: Investing 101 somenone explane to me how to do it???
« Reply #9 on: May 24, 2010, 06:55:01 PM »

ive thought about etrade in the past but never set aside enough money to bother. anybody use it?
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92CXyD

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Re: Investing 101 somenone explane to me how to do it???
« Reply #10 on: May 24, 2010, 07:36:31 PM »

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

Ravage70

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Re: Investing 101 somenone explane to me how to do it???
« Reply #11 on: May 24, 2010, 09:58:30 PM »

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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Joseph Davis

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Re: Investing 101 somenone explane to me how to do it???
« Reply #12 on: May 25, 2010, 10:13:26 AM »

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.

jabberwock

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Re: Investing 101 somenone explane to me how to do it???
« Reply #13 on: May 25, 2010, 10:30:52 AM »

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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jabberwock

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Re: Investing 101 somenone explane to me how to do it???
« Reply #14 on: May 25, 2010, 10:33:20 AM »

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.
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