Tips on investing and making money.

Post » Thu Sep 20, 2012 2:40 am

Just what the title says, what are some tips when it come to investing money, and what is the quickest way to make money? I am wondering because I have a decent amount of money I want to use to invest and stuff.
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Zualett
 
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Post » Thu Sep 20, 2012 11:22 am

The safest bet is to invest in something that has the lowest return possible. Those are usually the safest. Governments usually have a system where you can invest in them and you make a small profit over a period of time. High return investments can be worth it, but they are the riskiest(they have the highest payout for a reason)
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Facebook me
 
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Post » Thu Sep 20, 2012 12:01 am

Don't invest in southern European governments.
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SamanthaLove
 
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Post » Thu Sep 20, 2012 3:39 am

Somehow I doubt BGSF is the place to come and ask for financial advice.

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Soph
 
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Post » Thu Sep 20, 2012 10:01 am

Somehow I doubt BGSF is the place to come and ask for financial advice.
This is correct I recommend the first email you receive that promises high returns on penny stocks.
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Quick Draw III
 
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Post » Thu Sep 20, 2012 5:43 am

Sift through your spam e-mail and you'll find good investment opportunities.
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David John Hunter
 
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Post » Wed Sep 19, 2012 11:55 pm

The best way to make money? Don't live beyond your means like most people. Continually learn throughout your entire career. Find a career you enjoy. Don't have your main goal set to make loads of money.
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Loane
 
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Post » Thu Sep 20, 2012 7:49 am

This is correct I recommend the first email you receive that promises high returns on penny stocks.
See just from that, I have learned something new. :biggrin: I bet you guys will teach me something.
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Lewis Morel
 
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Post » Thu Sep 20, 2012 1:12 am

Theres a Namibian princess I can hook you up with...

Economics class says the safest investments are government bonds, but with the current economic climate, I'm not sure. Same with banks. They're supposed to be the second safest, because they're interest rates are usually relatively low too.
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Ben sutton
 
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Post » Thu Sep 20, 2012 10:05 am

Also with investing, it's best to think long term. You won't get far if you want to become Yusuf Amir by next year. Think about planning for the next 25 years or something. If you invest $150,000 in your lifetime and get out $374,850, that's free money you never would have gotten otherwise.

Yeah, it's not exactly lucrative if you don't want to lose yer mon1ez
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Shaylee Shaw
 
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Post » Thu Sep 20, 2012 1:31 pm

Theres a Namibian princess I can hook you up with...

Economics class says the safest investments are government bonds, but with the current economic climate, I'm not sure. Same with banks. They're supposed to be the second safest, because they're interest rates are usually relatively low too.
Also with investing, it's best to think long term. You won't get far if you want to become Yusuf Amir by next year. Think about planning for the next 25 years or something. If you invest $150,000 in your lifetime and get out $374,850, that's free money you never would have gotten otherwise.

Yeah, it's not exactly lucrative if you don't want to lose yer mon1ez
Hmmm thanks guys, I will obviously play it safe, but I am going to take risks as well because I want to get rich. Who doesn't these days...
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Sabrina garzotto
 
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Post » Thu Sep 20, 2012 4:51 am

Hmmm thanks guys, I will obviously play it safe, but I am going to take risks as well because I want to get rich. Who doesn't these days...
I don't.

Remember that taking risks is a good way to get poor, too. Which is more likely to happen if you don't know what you're doing.
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Marquis deVille
 
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Post » Thu Sep 20, 2012 11:22 am

Keep your day job and start a small business part time. Even if it fails, you will learn a lot about running a business.
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Samantha Mitchell
 
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Post » Wed Sep 19, 2012 11:33 pm

Just what the title says, what are some tips when it come to investing money, and what is the quickest way to make money? I am wondering because I have a decent amount of money I want to use to invest and stuff.

Buy stocks in Brawndo. It's got electrolytes

Don't take financial advise from people on a video game forum man.

Although if you are a young person google different kinds of bank accounts some acquire higher interests rates as the account gets older. If you throw in 10k to one and never touch it by the time you retire it should be worth around a million.
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Lifee Mccaslin
 
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Post » Thu Sep 20, 2012 2:13 pm

Buy stocks in Brawndo. It's got electrolytes

Don't take financial advise from people on a video game forum man.

Although if you are a young person google different kinds of bank accounts some acquire higher interests rates as the account gets older. If you throw in 10k to one and never touch it by the time you retire it should be worth around a million.
I want your interest rates.
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BlackaneseB
 
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Post » Thu Sep 20, 2012 8:01 am

I want your interest rates.
I said it works for young people, not me. :biggrin:
It's pretty simple I forget the name of the accounts but it's a CD or something your money gets locked in for a set period and periodically the interest rate will go up until it gets to around 15% or so I forget the specifics but it adds up after 40 or 50 years.
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Sarah MacLeod
 
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Post » Thu Sep 20, 2012 12:56 am

I said it works for young people, not me. :biggrin:
It's pretty simple I forget the name of the accounts but it's a CD or something your money gets locked in for a set period and periodically the interest rate will go up until it gets to around 15% or so I forget the specifics but it adds up after 40 or 50 years.
Where is this and how can I put all my money into it?
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Ashley Tamen
 
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Post » Thu Sep 20, 2012 2:18 pm

Yes, sign me up. 10k just turning into a million without adding any more money? That sounds somewhat fishy and or risky.
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bimsy
 
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Post » Thu Sep 20, 2012 8:56 am

Unfortunately there is a massive amount of volatility and potential volatility in all markets right now.

One thing I would say is everyone is crazy about interacting with screens. TVs, phones, laptops, tablets, e-readers, all that stuff. However, if you buy into e.g. Apple you can't rely on strong growth from the price point it is at right now. So I would look into the Chinese supply chain for manufacturing such devices. Component makers and such. Read up all about it and find where there is some value to be had. Even if the US and Europe crash again next year, or there is a war in the Middle East, the Chinese domestic market for such devices would probably tide you over.

But of course there are risks, standard boilerplate goes here.

Regarding "wanting to get rich", this is quite sensible. I said to my friends 20 years ago that the distribution of income was going to change from a "lemon" shape to an "hourglass" shape. In another 20 years, if things go as they are going now, if you aren't rich you will probably be poor. It is very sad, but that is the momentum right now. If you don't want to be rich you should focus on your spiritual path so you are at peace with being poor (which is fine too).
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Eric Hayes
 
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Post » Thu Sep 20, 2012 12:44 am

I said it works for young people, not me. :biggrin:
It's pretty simple I forget the name of the accounts but it's a CD or something your money gets locked in for a set period and periodically the interest rate will go up until it gets to around 15% or so I forget the specifics but it adds up after 40 or 50 years.

Is this in any way related to those "money lending"... *cough* loan shark *cough* ...companies by any chance? :P
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Spencey!
 
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Post » Thu Sep 20, 2012 7:48 am

Is this in any way related to those "money lending"... *cough* loan shark *cough* ...companies by any chance? :tongue:
No.
Go to a ligitimate bank and ask them about what kind of accounts you can create I just googled it and yea certificates of deposit accounts . someone there could explain it better than me. But set it up for as long as possible and just keep renewing the account some banks have different rates and what not but I learned about it in an economics class years and years ago.
There are draw backs like having to agree to not be able to touch the account for a few years (no withdrawls or deposits) and you want to put all the interest back in with what you started to keep the money piling up.
I thought it was pretty common knowledge but its not like many people got that kind of liquid cash laying around to just store away forever otherwise I think it'd be more common.
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Destinyscharm
 
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Post » Thu Sep 20, 2012 3:49 am

I said it works for young people, not me. :biggrin:
It's pretty simple I forget the name of the accounts but it's a CD or something your money gets locked in for a set period and periodically the interest rate will go up until it gets to around 15% or so I forget the specifics but it adds up after 40 or 50 years.
But I'm young!

Anyway, I've never even heard of an interest rate as high as 15%, for people of any age. Except for mortgage loans...
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Mimi BC
 
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Post » Thu Sep 20, 2012 9:36 am

But I'm young!

Anyway, I've never even heard of an interest rate as high as 15%, for people of any age. Except for mortgage loans...
Well it won't be 15% I just pulled that number out of the air like I said I don't remember all the specifics I took the class over a decade ago and am working off memory. Plus different banks have different rates so I couldn't give a concrete answer about what % is possible.
Now that I think of it credit union type banks used to offer better rates back then. Don't know about now.
Also like I said don't take financial advice from a guy on a video game forum, or at least take it from a guy named after a more classy type of shoes.. like loafers or something.
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Jessica Stokes
 
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Post » Thu Sep 20, 2012 3:58 am

Stay away from shares. Every time I've gone anywhere near the stock market, some halfwit has lost all my money for me. I would've been better off investing it in a fruit machine.
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Sebrina Johnstone
 
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Post » Thu Sep 20, 2012 8:18 am

for good (but still riskie) mid term investments i suggest investing in stocks of companies whose value had recently taken a huge drop for no other reason than having committed PR suicide.

example of a company that had a huge drop because of bad PR and has come back up in value because the whole incident is pretty much forgotten is Netflix. they took a huge nose dive because of a raise in subscription prices (it wasn't a lot really but people freak out about little things) and an announcement of rebranding. It pissed off alot of netflix users and got alot of public attention. Now though since the incident has passed netflix is doing ok because every one has forgotten about the drama or simply don't care about it any more.

that said its still risky, some times whole companies don't recover from bad PR, but that doesn't happen alot. The biggest risk is that the stocks won't return in value for a few years, but that is why its called a mid term investment.
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Kate Schofield
 
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