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Post by sassygirl on May 31, 2014 19:37:13 GMT 2
As of the moment I'm still saving money but as soon as I have enough to invest in to something that I feel is worth investing then I'll invest it.
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Post by firehead on May 31, 2014 19:55:21 GMT 2
I'd rather save because I don't know where to invest my money yet.
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Knock
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Post by Knock on May 31, 2014 20:52:53 GMT 2
Definitely invest! Owning stocks is awesome!
I was going to elaborate more on the above statement, but I realized it would probably make me sound like a compulsive gambler. :/
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Post by firehead on May 31, 2014 21:15:09 GMT 2
Definitely invest! Owning stocks is awesome! I was going to elaborate more on the above statement, but I realized it would probably make me sound like a compulsive gambler. :/ lol not at all! I'm interested, I've always wondered about stocks I just don't have the guts to invest my hard earned money yet so maybe you could share what you know and personal experience on owning stocks?
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Knock
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Post by Knock on Jun 2, 2014 21:39:32 GMT 2
Definitely invest! Owning stocks is awesome! I was going to elaborate more on the above statement, but I realized it would probably make me sound like a compulsive gambler. :/ lol not at all! I'm interested, I've always wondered about stocks I just don't have the guts to invest my hard earned money yet so maybe you could share what you know and personal experience on owning stocks? Sure! It's best to invest in companies that have been around your whole life, or most of it, and seem like they'll continue on; companies like Walmart, Coca-Cola, PepsiCo, etc. are safe bets. Also, investing in technology stocks is vital. Google, Microsoft, Apple, and Sony will continue to fight it out for a long time coming. Here is a two-year history of Pepsi's stock price: finance.yahoo.com/echarts?s=PEP+Interactive#symbol=PEP;range=2yAs you can see, someone who bought Pepsi stock back in June of 2012 would've paid about $67 per share, but could sell it now for $87. This may be different for non-Americans, but in the U.S. at least, capital gains (investments like stocks) are taxed at different rates. If you're a normal, non-billionaire person who just buys a few hundred shares of stock (it's best to save up enough to buy shares by the hundred) at a time, if you hold on to them for 2 years before selling, you basically won't pay any taxes on the income you get from the sale. A short-term capital gain is when you sell the stock after owning it for less than 2 years, and those are taxed as normal income--i.e. the government will swoop in and demand their 10-25% of the profit, and if the taxes aren't automatically deducted out of it you could wind up owing that on your tax return because of it. So basically, it's best to save up a bunch of money, enough to buy shares by the hundreds or at least by the tens, buy whichever stock you choose at a time when it's unusually low, and then forget about it for two years. After that two year period is up, just watch the stock prices and sell when you think it probably won't go any higher. Be prepared to be horribly wrong and wind up selling just before your stock goes way up again; but, that's part of the process.
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Post by firehead on Jun 3, 2014 16:16:35 GMT 2
Thank you so much for explaining it very well for me knock I really appreciate it And you seem very knowledgeable about it! How long have you been into stocks, if I may ask? I guess I still have so much to learn about it if ever I really want to own some.. From what I understand it's quite risky and exciting at the same time. Just curious how much money should I prepare or set aside if ever I want to own stocks now with the companies that you mentioned? I'm still really new on this so excuse my questions lol
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Knock
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Post by Knock on Jun 6, 2014 4:14:07 GMT 2
Thank you so much for explaining it very well for me knock I really appreciate it And you seem very knowledgeable about it! How long have you been into stocks, if I may ask? I guess I still have so much to learn about it if ever I really want to own some.. From what I understand it's quite risky and exciting at the same time. Just curious how much money should I prepare or set aside if ever I want to own stocks now with the companies that you mentioned? I'm still really new on this so excuse my questions lol I started learning about the stock market in middle school and have had an on-and-off interest in it since then. I only got a real, meaningful understanding of it at around the time I first purchased stocks (or rather, had them purchased for me), which was when I graduated from high school. If you want to own stocks in companies like Sears (as in, around the price of $40-70 per share), get at least $4,600 - $7,600 saved up; basically, 110 - 125% of the price of 100 shares. That should be enough to get you the 100 shares and cover fees associated with the transaction etc. It is important to do this with the mentality that you're burying this money. You CANNOT touch it for a minimum of two years. Think of it as being a kind of wine; it needs adequate time to financially ferment so it can properly grow to become a good investment. It's also better to invest in low-priced companies than high-priced ones; the difference will get you a higher volume of shares, which equates to more profit for you. You can buy more than 10 shares of Microsoft stock for the price of a single share of Google stock, for example, yet the kind of gains that Google has don't equal or exceed Microsoft's by 10 times, so your money is better off spent on the cheaper stock in this scenario. Probably the best strategy for someone in a more middle class income bracket, and the one I'm currently using, is to buy a hundred shares of a reliable stock, sit on it for two years, sell when it peaks, and then buy back in once it goes significantly cheaper, plowing (most) of your profit back into the investment as well. This will allow you money to splurge a little to reward yourself for your amazing foresight and good investment skills while increasing the volume of your investment, and thus your next round of profit in two years. When a stock is, in your opinion, unlikely to continue being as reliable for the coming two-year period, just buy into another stock. Oh, and it's also marginally important to consider the issue of dividends (money paid out to shareholders on a per share basis). Viacom, for example, has a pretty solid dividend plan. Theirs is available here: ir.viacom.com/dividends.cfmAs you can see, they pay out dividends quarterly. They have increased their dividends from 15 cents per share in 2010 to now 33 cents per share in 2014. This means that, if you own 500 shares of Viacom, you'll be getting $165 on July 1, 2014--the date the dividends are actually paid out. I know it gives 4 different dates for each dividend disbursal--they're dates for different complicated things involved in paying out dividends, but it's best just to ignore that for now. Dividends are basically just a deal sweetener, and are only really useful if you own like, thousands of shares at a time. One of my sisters, for example, owns 100 shares of Viacom stock. That means she'll be getting a measly $33 bucks as a dividend, compared to the roughly $8,000 it cost her to buy the stock in the first place. She prefers to look at it as Viacom buying her dinner or a video game every few months and is content with it. Not all companies pay out dividends, and those that do don't always do it on a regular basis. I have to say, as far as being first time investor-friendly, Viacom is one of the better ones. I don't own any of their shares myself. This page might also be useful to you, if you're interested in learning about stocks: ir.viacom.com/faq.cfmIf you feel like some of it is just too complicated, don't worry, I'm not an expert on it either. Literally the only reason I have anything to do with stocks is because my dad is a CPA and insisted that I start investing. He walked me through everything, and I still don't want to actually do anything official without him around because I'm afraid I might inadvertently mess something up.
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Post by Callioppa on Jan 22, 2018 23:34:30 GMT 2
I prefer to save money. But my husband thinks that money should be invested. He has a certain amount of money that he wants to invest. Now he is looking for a reliable company, in which he can invest money and get a good profit. He checks companys through the service datapo.com/en-us/ . Through this portal you can find out all the necessary information about the company. If you want to invest money, do it deliberately.
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