| Author | Message | ||
| 1975GT4Don (1975gt4don)
Junior Member Username: 1975gt4don Post Number: 65 Registered: 1-2002 |
Mitchell, very happy to hear that! I was very pleased when they announced their earning just two weeks ago that they are expanding their operations. Cafe Express and the Jimmys Donuts thing is a money maker. WEN is extremely well managed and are very smart at cutting down their overhead costs down to increase their earnings. TSN, and for the very aggressive investor, ADSX. ADSX is a very volatile stock with incredible upside potential years down the road from now. It has the capability of being the next csco, but their management is suspect. | ||
| Mitchell L. Davidson (Jussumfastgi)
New member Username: Jussumfastgi Post Number: 44 Registered: 4-2002 |
I have money in WEN as well. Very nice outlook for the near to mid term. | ||
| 1975GT4Don (1975gt4don)
Junior Member Username: 1975gt4don Post Number: 61 Registered: 1-2002 |
I diversify. My entire portfolio is only WEN. That is my definition of diversification. Tech stocks are pure junk for right now, bonds are useless when interest rates are at their lowest. You own bonds when rates are high. Blue chips are the only option at this point. WEN & PG are my only blue chip recommendations. OZRK, FDP, MWRK have incredible earnings and likewise so are their charts. Making money in them is a no brainer. WEN is up 29% already this year, with earnings to increase 12% this year. Avoid techs. No one is spending money right now and that makes owning techs foolish. Defense stocks are another sure bet for a few years to come easily. RTN is doing quite nicely. | ||
| Jack (Gilles27)
Member Username: Gilles27 Post Number: 279 Registered: 3-2002 |
Michael, It's good for you to educate yourself before investing, but I wouldn't recommend doing it all yourself. Find a good planner who can put together and manage a solid portfolio for you, and if you need to, use a little money to play with yourself. May not sound as exciting as "playing the market", but remember that your goal is to make money. 2 years ago, everyone I knew was a stock expert and would talk about nothing else. Most are now regretting their losses. | ||
| Mitchell L. Davidson (Jussumfastgi)
New member Username: Jussumfastgi Post Number: 41 Registered: 4-2002 |
Don't just cut your debt... get rid of it. Debt is the number one enemy of wealth (sounds basic doesn't it, but most people don't realize how much debt they have) | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 269 Registered: 10-2001 |
Great posts, all. I will definately cut my debt. That was one thing I overlooked. Diversification is the key. I have to learn all this new jargon and how to analyze stocks. | ||
| Nika (Racernika)
Member Username: Racernika Post Number: 556 Registered: 12-2001 |
Okay - so I am an investor relations profesional by trade.....I should tell you to buy my stock! BUT I will tell you what is right. Know your goals and investment strategy -- if you are young you can afford to be riskier - but I still advise to diversify. Avoid penny stock and stupid stock tips - chance are you'll lose. Get in your portfolio the blue chips that grow steady - some fun shares that may be riskier but have better returns and then some that counteract the economy. I say for example - tech may go down in a bad economy but resource stocks go up - BALANCE is the key. Things I look for a good quality companies with strong cash flow -- read your analyst reports!!! Get a good advisor!!! I am heavy in gold stocks now - bio techs and alternative fuel/enviro funds - and so far I've been doing great Nika | ||
| Bill Steele (Glassman)
New member Username: Glassman Post Number: 14 Registered: 4-2002 |
I don't think there is any question that real hard money is in real estate. There is no one that is really wealthy and able to maintain their wealth that is not heavily diversified in property. | ||
| Dave328GTB (Hardtop)
Junior Member Username: Hardtop Post Number: 141 Registered: 1-2002 |
Michael, I would 2nd Ed's thoughts about debt. If you have any credit card or car loans or any other type of personal loan you should pay them first. You should consider the interest rate you are paying as a guaranteed rate of return. If you have a mortgage figure it less your tax bracket to figure net return. You would be amazed how fast money accumulates when you have no payments. Dave | ||
| Edward Gault (Irfgt)
Intermediate Member Username: Irfgt Post Number: 1363 Registered: 2-2001 |
The Stock Market IMHO is like gambling today. With the computer trades and them being programmed to buy and sell and shut down, it takes the common sense out of the investing. You used to be able to pick a good company that you believe in that had a good product and trusted and invested in it and received a reasonable return on your investment. Now it's a Crap shoot. The best investment for a good return I have found is purchasing Real Estate and selling and owner financing. The First investment everyone should make is to get out of debt. All Debt except that is making you money is a total loss in the interest you pay. Get an ammortization schedule and look at how much interest you pay per month on your home and then see if you had that ammount invested how much interest you would be getting. Post a copy of your Home Ammortization schedule on your wall and look at it every day. Every debt you pay off is an instant pay raise. | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 267 Registered: 10-2001 |
So, how would we go about doing this then? I'm sure there are countless stories of people who made a modest return on their investments. I don't want to be steered away from investing. I mean, I've think I've maximized my earning potential at work already by working overtime and selling hard. I want to make more money, bottom line. Thanks | ||
| magoo (Magoo)
Advanced Member Username: Magoo Post Number: 2722 Registered: 2-2001 |
Ed you are right, The market has been over inflated for a number of years now and it is so touchy at this point it drops drasticly if somebody fa-ts the wrong way. | ||
| Edward Gault (Irfgt)
Intermediate Member Username: Irfgt Post Number: 1357 Registered: 2-2001 |
It is absolutely programmed to make and loose money at the whim of who knows. Why else would almost every stock fall when one company falls one cent off predicted profit. Just because one company has a bad quarter does not mean all others had one too. Just because you invest in a good company does not guarantee your stock will do well because one bad report from some so called "Expert" can downgrade the stock and it loose most of it's value. I would just like to know who is calling the shots. I have always heard that this country is run by people we did not vote for. | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 266 Registered: 10-2001 |
Hey Ed, just curious, why do you think the Stock Market is rigged? You mean like Don King rigged? LOL | ||
| Edward Gault (Irfgt)
Intermediate Member Username: Irfgt Post Number: 1339 Registered: 2-2001 |
I have invested the last penny I will ever invest in the Stock Market. No one will ever convince me it is not RIGGED. | ||
| BretM (Bretm)
Advanced Member Username: Bretm Post Number: 2607 Registered: 2-2001 |
I used to have ambitions of investing, etc with money I had laying around. Then I got into modifying the 308. Big mistake. Now any disposable income I have is either put into or destined to be put into the Fcar. | ||
| Dave Trbizan (Davidt)
New member Username: Davidt Post Number: 12 Registered: 1-2002 |
Every long journey begins with the first step. | ||
| Modified348ts (Modman)
Junior Member Username: Modman Post Number: 199 Registered: 11-2001 |
Gotta stop spending too much money on cars. | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 265 Registered: 10-2001 |
Seems like millionaire next door is the next book...after I finish reading Investing for Dummies, how contrived and demeaning is that title? Anyway, good book so far. Its off to the local Barnes and Noble again to grab another book or to Amazon. Thanks a lot, guys! I was hoping to bait Nika for a response, since she's a Manager of Investor Relations. Nika, are you there? | ||
| Steven J. Solomon (Solly)
Member Username: Solly Post Number: 276 Registered: 6-2001 |
"Millionaire next door" required reading. I am especially following advice on how not to spoil my kids and make life too easy for them. Don't want to kill their ambition. Amazing what disciplined savings can do for people with ordinary incomes. HOWEVER- author specifically makes a point that most of these millionaires next door drive cheap American iron, and advises against buying expensive exotic automobiles. Ignore that part. | ||
| Terry Springer (Tspringer)
Junior Member Username: Tspringer Post Number: 61 Registered: 4-2002 |
I'll throw in a strong second to "The Millionaire Next Door". Every one of my clients gets a copy in the mail with a thank you note. This book, based on facts and 20+ years of hands on marketing research into ACTUAL millionaires will really surprise you. Get it. Read it. Live it. You will become wealthy. | ||
| Manu Sachdeva (Manu)
Junior Member Username: Manu Post Number: 225 Registered: 2-2002 |
My God Kevin..... we must be the biggest Ferrari geeks in the UK!! (You guessed right by the way!) BTW: Spoke to Ferrari UK to get an offical view on the warranty issue: 1. Ferrari UK have NEVER invalidated a warranty as a result of a sports exhaust fitment. 2. Officially, anything 'related' to the exhaust is not covered - eg. header/manifold. We'll pay for your fitting ourselves if your worried. And god forbid anything goes wrong with your 360 should you decide to go for it before September, we'll pay for the re-fitting of your stock system if you have to take it back to the dealer, so they never find out. (sneaky). If you know anyone who is interested in the service (including cheap 3 day trials), just pass them my email, and I'll give them a call! Manu P.S. And why good sir have you not turned in for the night?!!? P.P.S When are you placing the order on that 575MM??  | ||
| Kevin Johnson (Jammy)
New member Username: Jammy Post Number: 12 Registered: 3-2002 |
And how come you're awake so late Manu? It's 1.30am in the UK! Don't tell me, let me guess.... | ||
| Manu Sachdeva (Manu)
Junior Member Username: Manu Post Number: 223 Registered: 2-2002 |
You Americans are sooo bloody enterprising - it really is a pleasure to see. You have an amazing appetite for risk - perfectly happy to invest in equities, bonds, real estate, AND even set up your own businesses. When the economy is doing badly, you guys actually think to spend and stave off recessions - this collective economic awareness and sheer "astuteness" is amazing. And it bloody works too. Every house knows what the S&P 500 is and how the Nasdaq is doing... You all know your basic economics, and you all value the pursuit of bettering yoursleves, without calling it Greed. The American dream lives on...... Amazing! | ||
| Dave328GTB (Hardtop)
Junior Member Username: Hardtop Post Number: 135 Registered: 1-2002 |
As a basic guide to one's financial life, I recommend "The Millionaire Next Door" which tells how self made millionaires did it often in surprising ways and often with modest incomes. Plus it's a good read and is a good starting point for further, more detailed investigation. Dave | ||
| Edward Gault (Irfgt)
Intermediate Member Username: Irfgt Post Number: 1328 Registered: 2-2001 |
I am a big Buffett fan too. "Made enough money to buy Miami, but pissed it away somehow". Oops, wrong Buffett. | ||
| Tyler (Bahiaau)
Member Username: Bahiaau Post Number: 259 Registered: 12-2001 |
"Option Volatility & Pricing" by Sheldon Natenberg is a great book. | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 264 Registered: 10-2001 |
Thanks, all. I have the 401k down and diversified. I'm looking for some things that are a little more short term. I feel embarrassed, however, I did purchase "Investing for Dummies" yesterday at the local Barnes and Noble. Also the most recent Forza issue and Robb Report has a tour of the Ferrari factory. Not bad, eh?! | ||
| Ken Thomas (Future328driver)
Junior Member Username: Future328driver Post Number: 122 Registered: 12-2001 |
One more thing, The best thing you can do to reduce risk in your portfolio is to DIVERSIFY. It has helped me to beat the market the last 3 years by a fair amount so that I have not lost as much as the market has. But, I also have not been making stellar returns - slow and steady returns are all I need. | ||
| Mitchell L. Davidson (Jussumfastgi)
New member Username: Jussumfastgi Post Number: 32 Registered: 4-2002 |
High Risk is not the word for it. More like roulette with a Shotgun. ;) Hope it works out for you... I'm just a big Buffet fan. | ||
| Ken Thomas (Future328driver)
Junior Member Username: Future328driver Post Number: 121 Registered: 12-2001 |
Michael, When I graduated from college, I got a brokerage account started right away in addition to putting the max into my company's 401(k). At that time, I did not know anything about investing so I looked around for some goods books on the basics. Here is what I would get: 1) Subscription to Money magazine - very good info for the basics 2) Investing for Dummies 3) Mutual Funds for Dummies 3) Personal Finance for Dummies 4) Bogle on Mutual Funds - John Bogle Mutual Fund guru 5) Subscription to Forza magazine to keep the motivational level up to invest for your goals The other thing that I found helpful was creating a monthly budget that I still try to adhere to so that I can track where I spend all my money and keep myself inline with my investment goals. So, far everything has worked out pretty good for me. I dont have a Ferrari yet, but my investing allowed me to quit my job 3 years ago and go to law school full time while paying for it out of my own pocket with savings and investment income. Good luck. | ||
| Nunja Bitness (Jaxfl)
New member Username: Jaxfl Post Number: 44 Registered: 11-2001 |
Mitchell, Is it too high risk? Its been working out very well so far. Most of the stocks I've looked at that get hammered by 15-50% seem to bounce back hard the next day affording a 3-22% ride back up. I guess its not for the faint of heart but hey I'm young and willing to take the risks. | ||
| Mitchell L. Davidson (Jussumfastgi)
New member Username: Jussumfastgi Post Number: 31 Registered: 4-2002 |
Nunja, that's lunacy! Good luck to you though, lol! | ||
| Nunja Bitness (Jaxfl)
New member Username: Jaxfl Post Number: 43 Registered: 11-2001 |
What has worked for some is checking into the top % losers on the Nasdaq at about 3:30 PM every day. If a stock has lost 10-70% or more of its value that day, now trades between $2-$30/ share, has 7 figure daily volume, and the chart and recent news isn't all that bad maybe it'll bounce back a bit the next day. Using that formula I've turned $275,000 into $393,000 in 3 1/2 weeks. I plan to just keep rolling it over only taking out what I absolutely need for the next few months. Should be well into 7 figures in a bit as I'm gaining 40% every 3.5 weeks. This formula may not work for you. There is significant risk to your entire principle. Good luck in whatever angle you choose. | ||
| Jeff Whitley (Phuket_jeff)
New member Username: Phuket_jeff Post Number: 6 Registered: 4-2002 |
I'd say the first thing you need to analyze is your exposure/risk. From this you can either go into property investing (not too risky in the right areas) bottom feeding on stocks (risky) or put your $$ into a money market (not risky at all, just not a very good return on your $$) There are some very good online financial guides/books as well as some professional portfolio managers in your area who will manage your funds for a set fee. You really need to come to a balance for both short and long term investments as well as figuring out the percentage you want to put into high risk, risky, solid investment, and bank rates. Depending on age, your mileage will vary. | ||
| Andrew (Mrrou)
Member Username: Mrrou Post Number: 255 Registered: 3-2002 |
you dont have to buy any ferrari books! goto your local borders or big book store and take all the ferrari books you can find, and goto the couch in the store and read away! | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 263 Registered: 10-2001 |
Thanks Fred, I apoligize for my post. What I mean to say is that I need some kind of start with investments. I am looking for books and references that you may have used to start out. What do you guys use? Beginners advice, etc. Thanks | ||
| Frederick Thomas (Fred)
Member Username: Fred Post Number: 450 Registered: 2-2001 |
"The Illustrated Ferrari buyers guide" is a good start. | ||
| Michael (Mtabije)
Member Username: Mtabije Post Number: 262 Registered: 10-2001 |
Okay, Community, I have a good paying job and am now able to follow the addage "Got to have money to make money". I have enough money to dip my toes into some investing. What advice would you give a relative newbie? Books, Literature, Periodicals? I was going to blow the money on a down for an M3, but why settle? I want the Ferrari! Thanks in advance for any help you can provide |