Author Topic: Is $1,000 worth something in investments? (Read 7019 times)

figgs · « **on:** October 11, 2007, 11:13:08 PM »

I don't know anything about investing, but I'm expecting to soon receive a check from financial aid that could be worth over a thousand bucks, and I wonder if I could multiply that with a jackpot of an investment. This financial aid check is found money to me. I can do whatever I want with it. And so why not make money with it? It's a decent wad.

Andre Nickatina · « **Reply #1 on:** October 11, 2007, 11:16:26 PM »

Just don't become a felon and lose financial aid

Tapeworm · « **Reply #2 on:** October 11, 2007, 11:21:55 PM »

No. Spend it on wine, women, and song. Investing is for old guys who need viagra.

Ok, the real answer is: Maybe. Talk to everyone you can and do heaps of research. The knowledge and experience you gain will be worth a lot more than the $1000.

figgs · « **Reply #3 on:** October 11, 2007, 11:26:15 PM »

Quote from: Andre Nickatina on October 11, 2007, 11:16:26 PM

Just don't become a felon and lose financial aid

Damn, that would suck. Thanks for the tip.

Quote from: Tapeworm on October 11, 2007, 11:21:55 PM

No. Spend it on wine, women, and song. Investing is for old guys who need viagra.

Ok, the real answer is: Maybe. Talk to everyone you can and do heaps of research. The knowledge and experience you gain will be worth a lot more than the $1000.

You're right. It's the knowledge and experience that really determines how successful this investment would be.

One problem is that I don't know anyone who invests, so far as I understand. Maybe some Getbiggers have some knowledge on the subject.

Tapeworm · « **Reply #4 on:** October 11, 2007, 11:51:36 PM »

Quote from: figgs on October 11, 2007, 11:26:15 PM

One problem is that I don't know anyone who invests, so far as I understand. Maybe some Getbiggers have some knowledge on the subject.

Wish I had more to offer ya Figgs but my "investments" are my time and money reinvested in my business. I have no "portfolio" as such. Those who do (but are not professional traders or wild men) seem to favor the so called "blue chip" solid stocks or funds with good track records, accepting a lower return for a lower risk. Middle class types gravitate toward real estate, but maybe it's a game for the well off too (there's no CGT deferral here like in the US). I'm really talkin' out my ass here tho $:-\$ so hopefully someone who walks the walk will chime in for you.

Ffs don't rely on Getbig tho.

Talk to an accountant, and investment rep at the bank, call some funds, go to the library. Not too long from now, you'll be dealing with a lot more than $1000. Most people shit it away on luxuries and useless frivolities because the notion of "investing" is so foreign to them that they wouldn't know where to start. Gaining a broad knowledge base from the experience of investing this small amount will be more valuable to you later than simply making a good percentage without learning very much. Don't kick yourself if you lose $, just keep what you learn.

bigkubby · « **Reply #5 on:** October 11, 2007, 11:57:49 PM »

Quote from: Tapeworm on October 11, 2007, 11:51:36 PM

Wish I had more to offer ya Figgs but my "investments" are my time and money reinvested in my business. I have no "portfolio" as such. Those who do (but are not professional traders or wild men) seem to favor the so called "blue chip" solid stocks or funds with good track records, accepting a lower return for a lower risk. Middle class types gravitate toward real estate, but maybe it's a game for the well off too (there's no CGT deferral here like in the US). I'm really talkin' out my ass here tho $:-\$ so hopefully someone who walks the walk will chime in for you.

Ffs don't rely on Getbig tho. Talk to an accountant, and investment rep at the bank, call some funds, go to the library. Not too long from now, you'll be dealing with a lot more than $1000. Most people shit it away on luxuries and useless frivolities because the notion of "investing" is so foreign to them that they wouldn't know where to start. Gaining a broad knowledge base from the experience of investing this small amount will be more valuable to you later than simply making a good percentage without learning very much. Don't kick yourself if you lose $, just keep what you learn.

GOOD ONE TAPE WORM YOU NAILED IT. THATSAVERY SMART THING FUCK IT ITS FREE MONEY BUT LEARNING AND NOT SPENDING ON DUMB SHIT WILL PAY OFF IN THE END THATS HOW THE RICH GET RICH AND THEPOOR STAY POOR. HEY FIGGS IFYOU NEED ADVICE ON INVESTMENT OPPORTUNITES ASK DEXTER HELL HAVE YOU INVESTING IN STEREOS AND CARS THAT GAIN VALUE.AND APARTMENTS WITH BIG SCREENS AND A RANGE ROVER SITTING IN THE CAR PORT

figgs · « **Reply #6 on:** October 12, 2007, 12:03:16 AM »

Thin Lizzy · « **Reply #7 on:** October 12, 2007, 12:37:15 AM »

It's not really enough for the stock market, but, you could put it in a poker account (If you know how to play) and play $100 buy in tournaments. You might get lucky and make a big score.

Tapeworm · « **Reply #8 on:** October 12, 2007, 12:42:27 AM »

Quote from: figgs on October 12, 2007, 12:03:16 AM

wtf?

Haha. Jus' sayin' that the most successful investors I know aren't day traders screaming "buy" and "sell" like in the movies. They're educated, conservative (boring) guys who have diligently taken the time to learn where to invest. They know how tax laws will affect them, budget damn near everything, rarely splurge and are "sensible spenders" (and so are their wives btw). They choose low risk positions and leave their money in for years and decades at a time, and they add to it consistently. At least, those are the boring bastards I know. They think I'm a wild 'n crazy guy.

Maybe right.

MB_722 · « **Reply #9 on:** October 12, 2007, 12:52:22 AM »

Quote from: Tapeworm on October 12, 2007, 12:42:27 AM

Haha. Jus' sayin' that the most successful investors I know aren't day traders screaming "buy" and "sell" like in the movies. They're educated, conservative (boring) guys who have diligently taken the time to learn where to invest. They know how tax laws will affect them, budget damn near everything, rarely splurge and are "sensible spenders" (and so are their wives btw). They choose low risk positions and leave their money in for years and decades at a time, and they add to it consistently. At least, those are the boring bastards I know. They think I'm a wild 'n crazy guy. Maybe right.

Very true. You have to learn, that is why time is so valuable.

It pays off so you don't have to work at all. Spend your time learning and let your money do the work.

bigdumbbell · « **Reply #10 on:** October 12, 2007, 03:06:30 AM »

yes, illegal drugs

Bobby · « **Reply #11 on:** October 12, 2007, 03:22:39 AM »

Quote from: MB_722 on October 12, 2007, 12:52:22 AM

Very true. You have to learn, that is why time is so valuable.

It pays off so you don't have to work at all. Spend your time learning and let your money do the work.

Sounds good to me

who has time to work 40-50hrs aweek...

Are you doing this type of thing? How does one get started with this if they have some money saved up?

dr.chimps · « **Reply #12 on:** October 12, 2007, 04:32:23 AM »

$1000 is not bad money but too little to do any real investing. You need about 5-10k to start low. I suppose you could put it in a monthly gic; compound interest is low but it beats savings accounts. If I were you, I'd buy one big ticket item that brings you pleasure and will last for years. The rest you can party with.

JBGRAY · « **Reply #13 on:** October 12, 2007, 04:37:10 AM »

Commodities, bro. Buy yourself some silver or grab an ounce and a half of gold.

Tapeworm · « **Reply #14 on:** October 12, 2007, 04:43:14 AM »

Quote from: JBGRAY on October 12, 2007, 04:37:10 AM

Commodities, bro. Buy yourself some silver or grab an ounce and a half of gold.

No, he'll do better with coffee and pork bellies. Even if the price drops you've still got breakfast.

slaveboy1980 · « **Reply #15 on:** October 12, 2007, 04:46:03 AM »

Quote from: figgs on October 11, 2007, 11:13:08 PM

I don't know anything about investing, but I'm expecting to soon receive a check from financial aid that could be worth over a thousand bucks, and I wonder if I could multiply that with a jackpot of an investment. This financial aid check is found money to me. I can do whatever I want with it. And so why not make money with it? It's a decent wad.

yes its worth to try to invest it. but be ready to lose they money...even if you dont make big bucks from the investment it can be a good learning experience.

rockyfortune · « **Reply #16 on:** October 12, 2007, 05:44:16 AM »

Quote from: figgs on October 11, 2007, 11:13:08 PM

I don't know anything about investing, but I'm expecting to soon receive a check from financial aid that could be worth over a thousand bucks, and I wonder if I could multiply that with a jackpot of an investment. This financial aid check is found money to me. I can do whatever I want with it. And so why not make money with it? It's a decent wad.

let me get this straight..you are getting a 1000 bucks from financial aid and you want to invest it...first question: do you need the money, if not, then why are you keeping it...send it back to financial aid..you'll pay it back and then some later on...

if you do need the money then use it for your education numb nuts and not with some dumb ass grand plan to make a fortune day trading...

michael arvilla · « **Reply #17 on:** October 12, 2007, 06:14:08 AM »

NO............

jaejonna · « **Reply #18 on:** October 12, 2007, 06:14:49 AM »

Get a QP of some diesel, white widow or jack. Bag up only 20s...it should take about a month to get rid of...you will triple your money easy...and thats with a head stash of a quarter.

wes mantooth · « **Reply #19 on:** October 12, 2007, 06:19:53 AM »

figgs, buy something nice for your mother you heathen...

then get a baby oil handjob/ back massage, eat a good meal, drink to excess.....

put whats left in the bank for a rainy day....

wisconsinBB · « **Reply #20 on:** October 12, 2007, 07:28:41 AM »

You'd have to sit on a 1000 bucks for a really, really long time to get anything out of it. A very good investment (10%) will double in value every 7 years or so.

Naked4Jesus · « **Reply #21 on:** October 12, 2007, 07:34:26 AM »

Quote from: figgs on October 11, 2007, 11:13:08 PM

I don't know anything about investing, but I'm expecting to soon receive a check from financial aid that could be worth over a thousand bucks, and I wonder if I could multiply that with a jackpot of an investment. This financial aid check is found money to me. I can do whatever I want with it. And so why not make money with it? It's a decent wad.

ING Direct is paying 4.3%. The advantage is that you can transfer funds between your checking and this savings account so you're not tied into any investment in case you need liquidity. This is probably your best bet since you don't have that much to put away and you know very little about investing.

http://home.ingdirect.com/

Or..... alternatively you could just blow it on your next cycle.

chainsaw · « **Reply #22 on:** October 12, 2007, 07:35:44 AM »

Put it all down on Red! Vegas baby!

Stu · « **Reply #23 on:** October 12, 2007, 07:37:43 AM »

Quote from: bigkubby on October 11, 2007, 11:57:49 PM

GOOD ONE TAPE WORM YOU NAILED IT. THATSAVERY SMART THING FUCK IT ITS FREE MONEY BUT LEARNING AND NOT SPENDING ON DUMB SHIT WILL PAY OFF IN THE END THATS HOW THE RICH GET RICH AND THEPOOR STAY POOR. HEY FIGGS IFYOU NEED ADVICE ON INVESTMENT OPPORTUNITES ASK DEXTER HELL HAVE YOU INVESTING IN STEREOS AND CARS THAT GAIN VALUE.AND APARTMENTS WITH BIG SCREENS AND A RANGE ROVER SITTING IN THE CAR PORT

Are you suggesting that investing in 1000 DVD's isnt a good investment?

I was gonna retire on those DVD's dammit!!

wisconsinBB · « **Reply #24 on:** October 12, 2007, 07:38:29 AM »

Quote from: Naked4Jesus on October 12, 2007, 07:34:26 AM

ING Direct is paying 4.3%. The advantage is that you can transfer funds between your checking and this savings account so you're not tied into any investment in case you need liquidity. This is probably your best bet since you don't have that much to put away and you know very little about investing.

http://home.ingdirect.com/

Or..... alternatively you could just blow it on your next cycle.

4.3 % on a savings account is pretty damn good. I know lots of companies are starting to offer these, some as high as 6 %. Getting a 6% return on a savings account makes putting your money there a no-brainer