Advice on Investing $400,000 Dollars

Vanity · 03-09-2011, 09:11 PM

Quote:

Originally Posted by jlspeed29

lmfao @ the tags on this thread!!! hahaha

Feyd · 03-09-2011, 09:23 PM

Quote:

Originally Posted by Buegie

very nice...I'll be happy when this weather breaks, although I did get out once already this year so I guess I can't complain too much

I'm jones'ing to get out this year too... I wish the weather here in Chicago would break.

AngelinIsRich08 · 03-09-2011, 10:53 PM

Read some books. Get advice. I've been options trading since I was a teen and am now a multi-millionaire.

Seriously, no matter if you triple your money by the end of the month it wouldn't matter unless you have some sort of financial education. And I've been making money shorting stocks and buying put options. I'd long CSCO right now though. It's trading at 52 week lows and the company's prospectus shows it'll go up eventually. Whatever you do, don't get too involved with penny stocks. Ive been trading and investing for years and all i can say is those tempting stocks are so risky! I bought one called CPOW and I'm losing thousands, it's value has gone down 55% since I purchased it.

Haha. Oh well. Just get some financial education first and professional advice IMHO. Good luck and tell us what you'll do!

Vanity · 03-09-2011, 11:02 PM

Quote:

Originally Posted by AngelinIsRich08

Read some books. Get advice. I've been options trading since I was a teen and am now a multi-millionaire.

Seriously, no matter if you triple your money by the end of the month it wouldn't matter unless you have some sort of financial education. And I've been making money shorting stocks and buying put options. I'd long CSCO right now though. It's trading at 52 week lows and the company's prospectus shows it'll go up eventually. Whatever you do, don't get too involved with penny stocks. Ive been trading and investing for years and all i can say is those tempting stocks are so risky! I bought one called CPOW and I'm losing thousands, it's value has gone down 55% since I purchased it.

Haha. Oh well. Just get some financial education first and professional advice IMHO. Good luck and tell us what you'll do!

Any ideas on what I should pick up reading? Should I bother with the University Courses in Commerce or would picking up books and reading over summer be more educational?

SchlauCow · 03-09-2011, 11:14 PM

yikes.

bmwmthree · 03-10-2011, 12:28 AM

Quote:

Originally Posted by AngelinIsRich08

Read some books. Get advice. I've been options trading since I was a teen and am now a multi-millionaire.

Seriously, no matter if you triple your money by the end of the month it wouldn't matter unless you have some sort of financial education. And I've been making money shorting stocks and buying put options. I'd long CSCO right now though. It's trading at 52 week lows and the company's prospectus shows it'll go up eventually. Whatever you do, don't get too involved with penny stocks. Ive been trading and investing for years and all i can say is those tempting stocks are so risky! I bought one called CPOW and I'm losing thousands, it's value has gone down 55% since I purchased it.

Haha. Oh well. Just get some financial education first and professional advice IMHO. Good luck and tell us what you'll do!

Quote:

Originally Posted by AngelinIsRich08

Haha. It's $200,000, yes? I've already spent $100,000 on an X5M... I'm still a really young guy so I'm not a multi-millionaire yet and cannot afford that one yet. It's still an amazing car (the 5.2 R8)

you became a multi-millionare in 2-3 weeks?

jlspeed29 · 03-10-2011, 12:44 AM

somebody better put their flame suit on

Vanity · 03-10-2011, 12:45 AM

Quote:

Originally Posted by bmwmthree

you became a multi-millionare in 2-3 weeks?

LOLL EPIC

Seattle S65B40 · 03-10-2011, 12:49 AM

Spend most of it on strippers and coke and save the rest for the F3X M3. You can thank me later.

Nutballa · 03-10-2011, 01:20 AM

Quote:

Originally Posted by Tondtar

Got your man....

nnnnnnnnnnnnnnnnnnnnnn · 03-10-2011, 01:21 AM

buy oil futures haha

Pinarello Rider · 03-10-2011, 08:11 AM

Quote:

Originally Posted by Buegie

very nice...I'll be happy when this weather breaks, although I did get out once already this year so I guess I can't complain too much

I moved down to Richmond area about 3 years ago, and the first winter I put 60 miles in on Thanksgiving and it was 100 degrees. Same year, New Years was 65 and I put 50 miles in... But that was before I was gainfully employed.

Last few weekends I've been out and it has killed what little (and I mean miniscule) motivation I had to ride on the trainer. Trained ride last night was 20 minutes - took me longer to set shit up and take it down than I rode.

What do you guys ride? Roadies or MTB or cross are all of the above?

Pinarello Rider · 03-10-2011, 08:12 AM

Quote:

Originally Posted by ferrari355fi

buy oil futures haha

Do you have a 355 Fiorano?

Pinarello Rider · 03-10-2011, 08:17 AM

OP: go to the Wall Street Journal, Yahoo Finance, Bloomberg News, Forbes, and read every article you can on investing. EVERYTHING. You've gotten a TON of advice here, and short of telling you how many shares to buy of what particular thing, you have enough to get going. My Rollover IRA has about doubled in the past two years. Considering the broader market was done the same, it's not really a feat. This was an usual time and to expect it to happen again is folly.

Now get off this forum full of dumbasses, go learn for yourself. Take 3-4 months to learn as much as you can. Google things like "should I hire a financial advisor?" and you'll have more reading than you know what to do with.

And take a chunk of that money and subscribe to the Wall Street Journal, and read it.

Comet · 03-10-2011, 08:24 AM

if you want to double your money, open a business..
I personally am not a fan of "gambling" money away in stocks

probably better to keep your money in the bank to "collect dust" at a lower interest than these high risk ones..
You could probably get 4-5% interest with no risk easily

bolinp78 · 03-10-2011, 08:46 AM

Quote:

Originally Posted by Comet

if you want to double your money, open a business..
I personally am not a fan of "gambling" money away in stocks

probably better to keep your money in the bank to "collect dust" at a lower interest than these high risk ones..
You could probably get 4-5% interest with no risk easily

Those people that Pinarello was talking about; This is one of those examples.

AngelinIsRich08 · 03-10-2011, 08:55 AM

Quote:

Originally Posted by Vanity

Quote:

Originally Posted by AngelinIsRich08

Read some books. Get advice. I've been options trading since I was a teen and am now a multi-millionaire.

Seriously, no matter if you triple your money by the end of the month it wouldn't matter unless you have some sort of financial education. And I've been making money shorting stocks and buying put options. I'd long CSCO right now though. It's trading at 52 week lows and the company's prospectus shows it'll go up eventually. Whatever you do, don't get too involved with penny stocks. Ive been trading and investing for years and all i can say is those tempting stocks are so risky! I bought one called CPOW and I'm losing thousands, it's value has gone down 55% since I purchased it.

Haha. Oh well. Just get some financial education first and professional advice IMHO. Good luck and tell us what you'll do!

Any ideas on what I should pick up reading? Should I bother with the University Courses in Commerce or would picking up books and reading over summer be more educational?

I found Robert Kiyosaki's books really informative about creating wealth but there's tons of good book about investing. I don't think investing just means stocks and markets. You can also buy a really nice house right now that's $400k that might be worth a lot more than that a couple years down the road. You might make more money that way. Lol.

gonzo · 03-10-2011, 08:57 AM

Quote:

Originally Posted by NYCGP

yeah.. there is a reason the house is cheap... No one wants to live there.

400k....

Like I always say, WWCSD... Hookers and Blow...

http://money.cnn.com/magazines/money...e/2010/top100/

Texas: 4 in the top 25.
NY: 0

Subjective? Biased?

Us dumb hicks are doing just fine.

No offense to the less opinionated NYers.

NYCGP · 03-10-2011, 09:06 AM

Quote:

Originally Posted by gonzo

http://money.cnn.com/magazines/money...e/2010/top100/

Texas: 4 in the top 25.
NY: 0

Subjective? Biased?

Us dumb hicks are doing just fine.

No offense to the less opinionated NYers.

You can not be serious... Did you look at that list? IT is a list of best SMALL CITIES to live in...

I don't care how you "dumb hicks" are doing. I also don't care about $400,000.00 5,000 sq ft homes. There is a reason the home is $400,000.00.

It's not my opinion. It is not biased or subjective. If people are willing to pay $800,000.00 for a 2,000 sq ft home. That place is considered more desirable. The market determined the value of the property. Not an opinionated NYer.

JayKay335i · 03-10-2011, 09:23 AM

Quote:

Originally Posted by Pinarello Rider

Do you have a 355 Fiorano?

He just owns those ugly red ferrari pumas

Quote:

Originally Posted by NYCGP

You can not be serious... Did you look at that list? IT is a list of best SMALL CITIES to live in...

I don't care how you "dumb hicks" are doing. I also don't care about $400,000.00 5,000 sq ft homes. There is a reason the home is $400,000.00.

It's not my opinion. It is not biased or subjective. If people are willing to pay $800,000.00 for a 2,000 sq ft home. That place is considered more desirable. The market determined the value of the property. Not an opinionated NYer.

LOL

NY > Texas

gonzo · 03-10-2011, 09:24 AM

De-caf?

So all the small towns/cities that compose this country have no bearing and are just useless?

At any rate, you stay there and I will stay here.

We have hotter women so nanny nanny boo boo.

NYCGP · 03-10-2011, 09:27 AM

Quote:

Originally Posted by gonzo

We have hotter women so nanny nanny boo boo.

03-09-2011, 10:53 PM	#91
AngelinIsRich08 Banned 64 Rep 708 Posts Drives: '11 X5M, '09 CTS Join Date: Jan 2011 Location: St. Louis, MO iTrader: (0)	Read some books. Get advice. I've been options trading since I was a teen and am now a multi-millionaire. Seriously, no matter if you triple your money by the end of the month it wouldn't matter unless you have some sort of financial education. And I've been making money shorting stocks and buying put options. I'd long CSCO right now though. It's trading at 52 week lows and the company's prospectus shows it'll go up eventually. Whatever you do, don't get too involved with penny stocks. Ive been trading and investing for years and all i can say is those tempting stocks are so risky! I bought one called CPOW and I'm losing thousands, it's value has gone down 55% since I purchased it. Haha. Oh well. Just get some financial education first and professional advice IMHO. Good luck and tell us what you'll do!
	Appreciate 0 Quote

03-09-2011, 11:14 PM	#93
SchlauCow ****** 149 Rep 337 Posts Drives: Honda M6 Join Date: Mar 2010 Location: Radiance iTrader: (4)	yikes.
	Appreciate 0 Quote

03-10-2011, 12:44 AM	#95
jlspeed29 Major 516 Rep 1,389 Posts Drives: F80 SO ZCP CCB Join Date: Aug 2007 Location: Somewhere along PCH... iTrader: (0) Garage List 2008 335 coupe [8.00]	somebody better put their flame suit on __________________ A fisherman always sees another fisherman from afar
	Appreciate 0 Quote

03-10-2011, 12:49 AM	#97
Seattle S65B40 Major 221 Rep 1,395 Posts Drives: 2008 e92 M3 Join Date: Jan 2011 Location: PNW iTrader: (0) Garage List 2008 BMW M3 [0.00]	Spend most of it on strippers and coke and save the rest for the F3X M3. You can thank me later. __________________ Club 6MT 2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum 2006 E46 M3 ZCP 6MT Carbon blk/blk(sold) 2001 E46 325Xi 5MT Jet Blk/Blk (sold)
	Appreciate 0 Quote

03-10-2011, 01:21 AM	#99
nnnnnnnnnnnnnnnnnnnnnn Lieutenant 114 Rep 465 Posts Drives: 1 Join Date: Jan 2008 Location: 2 iTrader: (0)	buy oil futures haha
	Appreciate 0 Quote

03-10-2011, 08:17 AM	#102
Pinarello Rider Second Lieutenant 11 Rep 269 Posts Drives: 328i Sedan Join Date: Feb 2011 Location: Chesterfield, Virgineeee iTrader: (0)	OP: go to the Wall Street Journal, Yahoo Finance, Bloomberg News, Forbes, and read every article you can on investing. EVERYTHING. You've gotten a TON of advice here, and short of telling you how many shares to buy of what particular thing, you have enough to get going. My Rollover IRA has about doubled in the past two years. Considering the broader market was done the same, it's not really a feat. This was an usual time and to expect it to happen again is folly. Now get off this forum full of dumbasses, go learn for yourself. Take 3-4 months to learn as much as you can. Google things like "should I hire a financial advisor?" and you'll have more reading than you know what to do with. And take a chunk of that money and subscribe to the Wall Street Journal, and read it.
	Appreciate 0 Quote

03-10-2011, 08:24 AM	#103
Comet Troll Harder 411 Rep 596 Posts Drives: 997 GT3, 997 4 GTS, X6M Join Date: May 2007 Location: Montreal, Beirut iTrader: (0) Garage List 2011 Porsche GT3 [8.00] 2012 Porsche 4 GTS [5.34]	if you want to double your money, open a business.. I personally am not a fan of "gambling" money away in stocks probably better to keep your money in the bank to "collect dust" at a lower interest than these high risk ones.. You could probably get 4-5% interest with no risk easily __________________
	Appreciate 0 Quote

03-10-2011, 09:24 AM	#109
gonzo Lieutenant General 10339 Rep 14,455 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	De-caf? So all the small towns/cities that compose this country have no bearing and are just useless? At any rate, you stay there and I will stay here. We have hotter women so nanny nanny boo boo. __________________ Crazy Diamond
	Appreciate 0 Quote