Aces High Bulletin Board
General Forums => The O' Club => Topic started by: davidpt40 on February 11, 2003, 11:32:14 AM
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Is now a good time to invest in mutual funds? I'm a college student and every semester I recieve a bonus from my employer for going to school. Was thinking of investing in some no-load mutual funds. Can anyone offer any advice?
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Depends what you want to do with it...are you looking at a small caps fund for short-time return (such as planning to buy a house within the next 5 years) or you looking into a growth fund that will be a long term outlook for say, retirement?
IMO, anytime is a good time for a Mutual fund. Buy low, sell high. ;)
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The guy that goes to a game BBS for parenting advice gives a guy that goes to the same BBS financial advice..
Now, thats iorny.
;)
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hehe
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Originally posted by Hangtime
The guy that goes to a game BBS for parenting advice gives a guy that goes to the same BBS financial advice..
Now, thats iorny.
;)
Who? me? My post was asking if there are any "bad parents" like me...E.G. do you not allow counsel games in your house?
Thats not asking for advice, thats asking if others out there were like I. Advice was given, but I didn't ask for any.
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I was thinking about some speciality funds (technology) Ripsnort, perhaps for short-term growth (1- 5 years).
Don't listen to hangtime, he probably still lives in his parents' basement.
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Originally posted by davidpt40
I was thinking about some speciality funds (technology) Ripsnort, perhaps for short-term growth (1- 5 years).
Don't listen to hangtime, he probably still lives in his parents' basement.
Hangs divorced..that should speak for itself ;)
You'll have a difficult time finding a short term fund that has no-load. I would suggest picking up a magazine that is dedicated to the financial sector and take a look at the best performing Mutuals(They break them down by catagory), then contact the companys (most have a 1-800 number) and ask for perspectise (sp), then take a close look at what they invest in, and how they have performed over the period of time that you intend to invest...that's what I did and its paid off very nicely, even in the downturn of the economy (balance portfolio).
Suggested magazines for rating mutuals:
1. Money
2. Kiplinger's Personal Finance
3. Family Money
4. MoneyMinded
5. SmartMoney
6. US News & World Report: Personal Finance
7. Forbes
Personally I prefer the Kiplingers Personal Finance.
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Hangs divorced..that should speak for itself
Three times.
Practice makes perfect.
:D
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Originally posted by Ripsnort
Who? me? My post was asking if there are any "bad parents" like me...E.G. do you not allow counsel games in your house?
Thats not asking for advice, thats asking if others out there were like I. Advice was given, but I didn't ask for any.
Rip...
Your post was Titled: "Am I a Bad Parent?"
not "Anyone else a bad parent?"
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Midnight, as much as you wish to think that I need parental advice, rest assured, I was simply asking if anyone else does not allow game consoles in their homes. That certainly doesn't sound like I wanted someone to correct my parental behavior. Nice try, insert another quarter and play again.
(The content of the first post DID ask the question "Any other "bad" parents out there?'")
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I'm sorry Rip. Did I post something that was false?
nope.
Hey I got my quarter back! Your machine must be broken.
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Play currency.
Historically, Gold and Silver have always gone WAY up immediately before and during any conflict. Sell at the conclusion.
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Originally posted by Saurdaukar
Play currency.
Historically, Gold and Silver have always gone WAY up immediately before and during any conflict. Sell at the conclusion.
Historically, mutuals always have done much better than any precious metal during anytime in the history of the stockmarket exception being the year 1929 ;)
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Not my mutual funds. My old man bought me a fund back in 1992, PGRWX, for a while it was making +30%. Just last year it was featured in a news article "Top 10 Portfolio Destroying Mutual Funds". He is discouraging me from investing, saying the market is still plumeting. I say the market is about to go on the rise, so does my economics professor.
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Originally posted by Ripsnort
Historically, mutuals always have done much better than any precious metal during anytime in the history of the stockmarket exception being the year 1929 ;)
You havent seen my portfolio. :(
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buy real estate
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Originally posted by john9001
buy real estate
Now you're talking. Problem is, you need a larger initial investment,however the trade off is a larger return.
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The Market is destined for collapse.
Consider the Baby Boom generation (me) reaching retirement age all at the same time and removing BILLIONS from 401ks and IRA's .... the humanity!
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Baby boomers haven't taken care of themselves, they are dropping like flies. No worries.
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Originally posted by john9001
buy real estate
Been considering this... dont know much about it though.
Are there any books/sites/classes you recommend to get a basic understanding?
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buy stock in anal probe manufacturers.
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Originally posted by Saurdaukar
Been considering this... dont know much about it though.
Are there any books/sites/classes you recommend to get a basic understanding?
If you stay up late on Sunday nights you're sure to find a Carlton Sheets Infomercial on any given channel...
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Originally posted by RightF00T
If you stay up late on Sunday nights you're sure to find a Carlton Sheets Infomercial on any given channel...
I was about to ask who Carlton Sheets was, but I think its far more interesting that you seem to have an intimate understanding of his product. :D
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Originally posted by Hangtime
buy stock in anal probe manufacturers.
And pillow sheets while youre at it.
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Originally posted by midnight Target
The Market is destined for collapse.
Consider the Baby Boom generation (me) reaching retirement age all at the same time and removing BILLIONS from 401ks and IRA's .... the humanity!
What makes you think they'll all remove it all at one time? ;)
A co-worker felt this way in 1990, he was 49 then, didn't invest a cent into any 401K or VIP his whole life, justifying in 1990 that the market would collapse due to BB retirements....well, he's 62 and is forced to continue to work, because he didn't save anything. To make it worse, he got laid off, and is still trying to find work. :(
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Originally posted by Ripsnort
What makes you think they'll all remove it all at one time? ;)
A co-worker felt this way in 1990, he was 49 then, didn't invest a cent into any 401K or VIP his whole life, justifying in 1990 that the market would collapse due to BB retirements....well, he's 62 and is forced to continue to work, because he didn't save anything. To make it worse, he got laid off, and is still trying to find work. :(
First, the top of the bell curve for the BB generation was around 1957. A 62 year old today can hardly be called a Baby Boomer.
Second, Of course there will be huge withdrawals from the Market when these BB's reach retirement age. Chances are they will retire fer crise sakes! Do you expect them to keep working?
Third, Saving is good.
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Midnight, most retirees take a limited amount out of their 401K's. A "paycheck" each month so to speak. The bulk of it stays in or is transferred to lower-interest earning bonds or the such. It keeps earning money. Jeez, thought you were smarter than that.
My dad retired at 53. He's now 73 and he has more money in his 401K then he did at 53 and he draws from it monthly.
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Originally posted by midnight Target
First, the top of the bell curve for the BB generation was around 1957. A 62 year old today can hardly be called a Baby Boomer.
Also, baby boom generation is basically 1945-1960. It was to describe post-WW2 generation.
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Originally posted by Ripsnort
Also, baby boom generation is basically 1945-1960. It was to describe post-WW2 generation.
Thanks for admitting your mistake.
(62 yrs old = born in 1941 or 42)
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Originally posted by midnight Target
Thanks for admitting your mistake.
(62 yrs old = born in 1941 or 42)
No mistake, where did I say HE was a BB? ;)
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Originally posted by john9001
buy real estate
In the immortal words of Tony Soprano, “cuz god isn’t making any more of it”.
Investment loans for real-estate are booming. I’ve been quite surprised at the interest quotes I’ve been getting as well as the money down and terms.
Long and the short of it is, if your credit is good – beacon over 720, it shouldn’t be to difficult to find an investment loan for 6.5% or less (no points) with only 10% down fixed at 30 years. If you try and get into “contract to deed” with balloon’s and expectations of refinancing the interest it can get even better and at the end of it all have the equity and not have to worry about the PMI based on the previous appraisal. This can even be done with no money down if you find the right investor/broker.
Fair warning though. As the sale of previously owned houses has risen to all time highs so has the number of foreclosures. Interestingly enough most of those foreclosures are on investment property.
However, since it seems everyone and there brother is now investing in real-estate, I would definitely suggest buying some mutual funds! Especially if you reside anywhere around Kansas City :D.