Right now, I'm 18, but I'm thinking about how to invest some of my money, so do you guys have any advice or anything that I look up into?
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Right now, I'm 18, but I'm thinking about how to invest some of my money, so do you guys have any advice or anything that I look up into?
Guns, mime artists and five-legged chicken research.
He speaks wisdom ^
Go in for something not many people go for, but certainly has a market. Cock roach fighting for example.
So, are you advising me to buy stock? Healthcare is always in demand! I could invest in that!
Research your stuff. Look at the investment columns in newspapers. If you have any relatives who have sucessfully invested, ask them for advice.
I dunno, I don't invest in things. I'd just suggest researching the field as much as you possibly can.
A Final Fantasy forum isn't really somewhere you want to be asking for financial advice. I mean sure, there's bound to be ONE person here who is taking an Economics degree (I have absolutely no idea who that one person could be though oh please somebody find them ho ho ho I am funny!!!) but really now. My tips for you: Diversify. Don't just buy stocks, buy bonds too. And don't just buy one type of stock, buy a variety, 'cause that'll reduce your risk.
Sporks!! Invest in making Sporks with a knifey edge so knives, forks and spoons are rendered useless!! Just as scrumpleberry suggested to me!
On a more serious note...It's probably best to get real advise from a professional, as Psy suggested, that way you'll be safe to make the right decision and there'll be less chance of cocking it up...
^^
I agree. Asking this forum about economic investment is like asking a duck to say moo.Quote:
Originally Posted by Psychotic
Just do some reaserch and invest in somewhere you feel is right, but as said this isnt really the best place to be asking for finacial help;)
Go to a financial advisor.
If you're Canadian, buy US dollars then sell them when the time is right.
Also, self-sealing stembolts.
Buying US dollar won't work -- it will not come back up faster than inflation.
You should invest in say, China or India. Those countries are poor(er) but will become rich fast.
Invest in future industries. Things like nanotechnology and biotechnology are likely to grow massively over the coming decades. Once I get money that's my plan :monster:
What you have to do is look at todays market and see if there are any gaps. For example there is a product that hasn't been dedacted to yet like cards, they are huge now and have shops of their own. You have a look at the market and see what hasn't been done yet or needs improving.
I hope I helped. :)
Do what the Dinosaur says!!!
Start small. I can't stress that enough. If you're new to the stock market game and you're learning the ropes, then start small and see what works and what doesn't. The last thing you want is to blow all your savings on something that looked like it would rise, but dropped.
Also, use money that's lying around and don't really need. If you need that money, but you're hoping it will increase so you can pay the bills and have a little cash on the side, it's a bad move, because you could lose it all and be in debt.
I would use a mutual fund, which keeps track of major companies and does the guesswork for you. The people running the funds but a little bit of your money in a lot of different stocks, so that if one drops, the others will make up for that loss. It's the slow and steady method, but it saves you the work and puts your money in the hands of people who know what they're doing. If nothing else, it's a good place to start.
Real estate. Can't really go wrong with real estate.
Pick your futures carefully, though. They're very high risk. Something that seems like a good idea today could blow up in your face (or make you obscenely rich). Do some good research.Quote:
Originally Posted by I'm my own MILF
Isn't the real estate market currently massively FUBAR? I mean they're trying to fix it but... yeah.Quote:
Originally Posted by Miriel
I dunno. All I know is that my parent's has has increased in value in the past 5 years, over 500,000. I think investing in property is safer than risking it in the stock market. Land in California just keeps going up and up and up.Quote:
Originally Posted by Hsu
Buy my crypto blockchain whatever crap coin! Only $99.99 per coin before I cash out and crash it! :bigsmile:
first of all asshole your economics degree didn't do anything for you, you smurfing show off windbag, you are smurfing 20 years old and know smurf all, shut upQuote:
Originally Posted by Psychotic
but actually you're right diversifying is a nice strategy and I guess I followed this advice into adulthood and it worked a little bit so ok but still shut up
Quote:
Originally Posted by Miriel
These posts happening tail end of 2007 is honestly so wild. xDQuote:
Originally Posted by Shoeberto
But also, yes. Maintain a globally diversifed total market index fund and consistently dollar cost average with deposits month over month. The higher your savings rate, the faster you gain financial independence.
Or the casinos and lotteries are pretty good investment. Some call it gambling which I disagree. Setzer from FFVI owns the world only airship thru this so this speaks a lot of volume. :bigsmile:
Sending my message back in time to 2007 when this question was asked:Quote:
Originally Posted by GOD GUNDAM
Facebook is about to pop off. Get after them stonks.
Don't invest. Just find a winning lottery ticket somewhere on the ground. That's my retirement plan!