Looking to invest, need advise - Tilted Forum Project Discussion Community

Rekna · 12-12-2005, 11:22 AM

I am looking to begin investing and am looking for advice of how i want to invest and who I want to use as a broker.

Here is what i'm looking for. I'd like to start with an initial balance of around 1-2k and then add about $200 every month. This means brokers like etrade are out of the question because i'm not going to want to pay $12 every month to them (or more if i want to invest in multiple companies). I am not looking at moving money around a lot, basically put the money in and sit on it for 6 months to a year and only move it if I think i know somewhere better to invest or what i am investing in is doing poorly.

I don't need extreamly high return but i'd prefer to get a return of around 5% minimum, i do understand that there is risk involved and saying minimum implies no risk. I'm not really wanting no risk, i'm just saying i wouldn't invest in something that on average produced less than 5% return.

Finnally i don't want to lock up the money for years on end. My goal is to have a decent amount of money for a large downpayment on a house withing 5 to 10 years.

Does anyone have any suggestions on what I should try to invest my money into and who would be a good broker?

stevo · 12-12-2005, 11:38 AM

If you're looking for a minimum of 5% with little risk have you thought about taking 4.20% - 4.85% with NO risk? seems like a worthy trade-off. Currently INGdirect offers the following rates on CD's:

ING DIRECT currently offers the following Orange CDs
Term APY Interest Rate Effective Date
6 Month 4.20% 4.1564% 12/10/05
9 Month 4.25% 4.2276% 12/10/05
12 Month 4.40% 4.40% 12/10/05
18 Month 4.50% 4.50% 12/10/05
24 Month 4.75% 4.75% 12/10/05
30 Month 4.75% 4.75% 11/19/05
36 Month 4.75% 4.75% 11/19/05
48 Month 4.80% 4.80% 11/19/05
60 Month 4.85% 4.85% 11/05/05

If you start out with $2,000, and buy a 12mo CD @ 4.4%, you would have in 1 yr $2,088. If you want 5% and are willing to take what risk may come with it, at the end of the year you would have earned only $12 more dollars on that $2,000. In the mean time you can add your $200 to an ING savings account every month with no fees/minimum balances what-so-ever, at the current rate of 3.75%. Then you can move it to a CD to get that extra percentage point. Just a suggestion.

If you want to get into stocks and earn a higher return, I would suggest taking the time to learn the Business Week Investor Education course. It does cost money upfront for the materials, but the information you learn is definatly worth it. I've been in it for only 4 months now, and the stocks I buy, through following the "rules" laid out, have given me a return of almost 12% in 4 months. Thats an annual return of 36%. Ameritrade only charges $10.99 commission fees per trade, I find it a good value. Hope this helps.

Rekna · 12-12-2005, 11:49 AM

One thing I have been looking at is finding a company that I can do both mutuals and Roth IRAs. Every month i'll put a couple hundred in the Roth IRA. When I have a signifigant ivestment balance int the IRA then i'll purchase a mutual fund amortizing the purchasing cost. I know I can't touch the intrest in the IRA but that doesn't bother me as long as i'm earning money for some time. Then the mutuals would earn me money in the present.

Is there any flaw with this logic?

stevo · 12-13-2005, 06:37 AM

Sorry. don't know much about IRA.s I know with a rothIRA you can take funds out without penalty for things like the purchase of your first house and other big expenses. I don't know about buying mutual funds to earn you money in the present since the money went into the IRA pre-tax. Unless you are paying the tax up-front so you don't get charged when you take it out later...but I don't have an IRA, so I'm not the one to ask.

Rekna · 12-13-2005, 07:57 AM

in roth IRA's you pay the taxes up front and as far as I understand it you can take out anything you put in at anytime for any reason without penatly but you cannot touch the interest.

Astrocloud · 12-19-2005, 12:48 PM

If you want to avoid paying taxes take out an Annuity. I looked at a bunch of them but fidelity seems to have some good funds in their annuities.

Lewis · 02-01-2006, 08:39 AM

At the moment I'm doing between 50 - 60% per month on Forex using my own system.

NoSoup · 02-01-2006, 10:09 AM

Quote:

Originally Posted by Lewis

At the moment I'm doing between 50 - 60% per month on Forex using my own system.

I understand that you're trying to market your system, but putting these types of comments into many of the finance related thread gets kinda old.

If people are interested, I'm sure they'll send you a PM.

However, I would like to point out that if, in fact, you can consistantly earn that high of a return, why are you trying to sell other people how to do it, when According to your website you can start with a meager $2,000.00 and in twelve months from now be earning $623,556.00 per day?

Like I said, I understand that you're trying to sell your book/course or whatever, but I think you should probably give people a bit more realistic figures.

I'm not trying to state that you are lying, but even if you did manage to turn those returns consistantly, you eat, live, and breathe your system - I highly doubt anyone else would have the time or the energy to dedicate themselves to it as much as you have.

*steps off the soap box*

Lewis · 02-01-2006, 10:37 AM

Quote:

Originally Posted by NoSoup

I understand that you're trying to market your system, but putting these types of comments into many of the finance related thread gets kinda old.

If people are interested, I'm sure they'll send you a PM.

However, I would like to point out that if, in fact, you can consistantly earn that high of a return, why are you trying to sell other people how to do it, when According to your website you can start with a meager $2,000.00 and in twelve months from now be earning $623,556.00 per day?

Like I said, I understand that you're trying to sell your book/course or whatever, but I think you should probably give people a bit more realistic figures.

I'm not trying to state that you are lying, but even if you did manage to turn those returns consistantly, you eat, live, and breathe your system - I highly doubt anyone else would have the time or the energy to dedicate themselves to it as much as you have.

*steps off the soap box*

Well I find it interesting that as soon as I mention how much I can make using my system, the first thing I get is disbelief, just because most people don't manage to do that. That's fine by me, but aren't you missing something here? Surely if it is possible, it just may be worth looking at? It bemuses me that there is so much chat about 'investment opportunities' that yield marginal profits. What do you think these firms are doing with your money when you invest your hard earned dollars - so that they can run a business and make profits themselves while dishing out small returns? Why don't you doubt them? What do you think banks do with your money? They trade it.

True, I am interested in people using my system, but it's not necessary for me that they do. Is it so unbelievable that someone may simply like the idea of sharing what they know and helping others along? I thought that was the spirit of this forum. Or do you just want to hear about the problems and things that don't work so well.

As far as the earnings are concerned, I believe that anything is possible, and I do know people who have made a nearly a million in their first year starting with 2,000.

What I was looking for when I went into Forex was a nice lifestyle and a good income. I don't live and breath Forex every minute. In fact, I am taking a couple of weeks off right now. I have an art show on and I am helping my wife with her work. Using my system, I trade when I want to, and don't get stressed over it. The 50-60% ROI is based on that. I reckon that if you spend about three hours a day at this, these figures are reasonably achievable by anyone using this system well.

I have discovered something about currency movements that excites me, and those who use it are just as excited. I like the idea of sharing it. I sell the book and courses simply to help recoup some of the time and expenses I have put in to developing the system. Just like any business. I have no hidden agenda.

But please, stay on the soap box! I appreciate hearing about your concerns

NoSoup · 02-01-2006, 06:33 PM

I'm not trying to knock your system, it's just...

Well, let me put it to you this way. If you can consistantly earn those types of returns, and started out with say... $100,000.00. After 30 years, you would have...

$ 4,247,639,640,868.06

That's 4.2 TRILLION dollars. Starting with only 100 grand.

In my mind, if I knew that I could guarentee myself 4.2 TRILLION dollars in 30 years with only a hundred grand to start with, I don't think charging 20 bucks here for a book or five hundred there for a course would really matter to me.

However, being an investor yourself, you can imagine that you will meet many people such as I - disbelief, shock, etc are likely going to be our first thought.

I'll tell you what, though - If you can somehow guarantee me a 30% interest rate I'll fork over my cash to you. You can even keep the additional 25-30% that you earn on it. Which, over a long term, could be worth a couple trillion bucks

Lewis · 02-02-2006, 09:55 AM

Quote:

Originally Posted by NoSoup

I'm not trying to knock your system, it's just...

Well, let me put it to you this way. If you can consistantly earn those types of returns, and started out with say... $100,000.00. After 30 years, you would have...

$ 4,247,639,640,868.06

That's 4.2 TRILLION dollars. Starting with only 100 grand.

In my mind, if I knew that I could guarentee myself 4.2 TRILLION dollars in 30 years with only a hundred grand to start with, I don't think charging 20 bucks here for a book or five hundred there for a course would really matter to me.

However, being an investor yourself, you can imagine that you will meet many people such as I - disbelief, shock, etc are likely going to be our first thought.

I'll tell you what, though - If you can somehow guarantee me a 30% interest rate I'll fork over my cash to you. You can even keep the additional 25-30% that you earn on it. Which, over a long term, could be worth a couple trillion bucks

I love it! But you're right, the initial investment is irrelavent.

I guess the thing to bear in mind is that we are not machines, and the likelyhood of us consistently producing high profits - or even bothering to -once you've got to the first trillion

are pretty minimal. But we can learn to allow success in. That's why half of my technique is mindset. That's our biggest saboteur, and that's the hardest thing to master. As you can see, if your first reaction is 'this is impossible', then you're hardly in a frame of mind to even let a small part of it in. And it's not going to happen if you have already discounted the possibility even before the first hurdle. Yes? You have to at least have enough belief in it, in the possibility, in yourself, to take the first step and do something about it - in a positive frame of mind, and not with the intention of simply disproving it for yourself.

The other important factors that lurk in your reply, are the issues of empowerment and responsibility. Why would you want to hand your money over to someone else rather than do it yourself? You can do it yourself!

We pay dearly for not taking responsibility and for not being empowered - and we are constantly being told that it's not safe to do either. It's in the interests of all the financial institutions to keep you disempowered. How else can they make a living? And they have to tell you that anything other than their solution is 'unsafe'.

But you can learn to do exactly what they do with your money, and not paying for their overheads, their employees, their taxes, their profits. You don't have to be a genius to do it either. Is your bank full of geniuses? It's just some education that's needed.

You have to decide on the journey you want to make in life, and how much you want to be in charge of it.

I believe you can have your soup and eat it.

BigBen · 02-02-2006, 11:09 AM

Quote:

Originally Posted by Lewis

...I have discovered something about currency movements that excites me, and those who use it are just as excited. I like the idea of sharing it. I sell the book and courses simply to help recoup some of the time and expenses I have put in to developing the system. Just like any business.

You should be insta-banned for talking about a 50-60% return (monthly, honestly....)in Tilted Finance. Two things are possible here:
1. You are horribly misinformed, and being ignorant to the truth are blindly following what someone else has said so that your "investment" pyramid pays off, or
2. You are informed, and are lying to us in an attempt to sell your "System"

Quote:

Originally Posted by Lewis

I have no hidden agenda....

I take offence, sir. Don't piss down my back and tell me it's raining.

Cynthetiq · 02-02-2006, 11:33 AM

easily rebuked in the fashion that allows the diet and excercise informercials to keep on going...here, I've been kind enough to blow up the small print at the bottom of your TV screen.

Results Not Typical.

Lewis · 02-02-2006, 01:58 PM

The world is flat. It's supported on elephants' backs who are in turn standing on a giant turtle.

A lot of people believed that for a long time, and many of them got really angry when people said otherwise. But the ones who didn't believe it found a whole new world.

Whether you believe me or not makes absolutely no difference to me. I won't get rich selling a few books and courses. I'm simply mentioning something that I have found helpful in my life and that others may find helps them.

So chill!

12-12-2005, 11:22 AM	#1 (permalink)
Rekna Junkie	Looking to invest, need advice I am looking to begin investing and am looking for advice of how i want to invest and who I want to use as a broker. Here is what i'm looking for. I'd like to start with an initial balance of around 1-2k and then add about $200 every month. This means brokers like etrade are out of the question because i'm not going to want to pay $12 every month to them (or more if i want to invest in multiple companies). I am not looking at moving money around a lot, basically put the money in and sit on it for 6 months to a year and only move it if I think i know somewhere better to invest or what i am investing in is doing poorly. I don't need extreamly high return but i'd prefer to get a return of around 5% minimum, i do understand that there is risk involved and saying minimum implies no risk. I'm not really wanting no risk, i'm just saying i wouldn't invest in something that on average produced less than 5% return. Finnally i don't want to lock up the money for years on end. My goal is to have a decent amount of money for a large downpayment on a house withing 5 to 10 years. Does anyone have any suggestions on what I should try to invest my money into and who would be a good broker? Last edited by Rekna; 12-12-2005 at 01:17 PM..

12-12-2005, 11:38 AM	#2 (permalink)
stevo Rail Baron Location: Tallyfla	If you're looking for a minimum of 5% with little risk have you thought about taking 4.20% - 4.85% with NO risk? seems like a worthy trade-off. Currently INGdirect offers the following rates on CD's: ING DIRECT currently offers the following Orange CDs Term APY Interest Rate Effective Date 6 Month 4.20% 4.1564% 12/10/05 9 Month 4.25% 4.2276% 12/10/05 12 Month 4.40% 4.40% 12/10/05 18 Month 4.50% 4.50% 12/10/05 24 Month 4.75% 4.75% 12/10/05 30 Month 4.75% 4.75% 11/19/05 36 Month 4.75% 4.75% 11/19/05 48 Month 4.80% 4.80% 11/19/05 60 Month 4.85% 4.85% 11/05/05 If you start out with $2,000, and buy a 12mo CD @ 4.4%, you would have in 1 yr $2,088. If you want 5% and are willing to take what risk may come with it, at the end of the year you would have earned only $12 more dollars on that $2,000. In the mean time you can add your $200 to an ING savings account every month with no fees/minimum balances what-so-ever, at the current rate of 3.75%. Then you can move it to a CD to get that extra percentage point. Just a suggestion. If you want to get into stocks and earn a higher return, I would suggest taking the time to learn the Business Week Investor Education course. It does cost money upfront for the materials, but the information you learn is definatly worth it. I've been in it for only 4 months now, and the stocks I buy, through following the "rules" laid out, have given me a return of almost 12% in 4 months. Thats an annual return of 36%. Ameritrade only charges $10.99 commission fees per trade, I find it a good value. Hope this helps. __________________ "If I am such a genius why am I drunk, lost in the desert, with a bullet in my ass?" -Otto Mannkusser

12-13-2005, 06:37 AM	#4 (permalink)
stevo Rail Baron Location: Tallyfla	Sorry. don't know much about IRA.s I know with a rothIRA you can take funds out without penalty for things like the purchase of your first house and other big expenses. I don't know about buying mutual funds to earn you money in the present since the money went into the IRA pre-tax. Unless you are paying the tax up-front so you don't get charged when you take it out later...but I don't have an IRA, so I'm not the one to ask. __________________ "If I am such a genius why am I drunk, lost in the desert, with a bullet in my ass?" -Otto Mannkusser

02-01-2006, 06:33 PM	#10 (permalink)
NoSoup Non-Rookie Location: Green Bay, WI	I'm not trying to knock your system, it's just... Well, let me put it to you this way. If you can consistantly earn those types of returns, and started out with say... $100,000.00. After 30 years, you would have... $ 4,247,639,640,868.06 That's 4.2 TRILLION dollars. Starting with only 100 grand. In my mind, if I knew that I could guarentee myself 4.2 TRILLION dollars in 30 years with only a hundred grand to start with, I don't think charging 20 bucks here for a book or five hundred there for a course would really matter to me. However, being an investor yourself, you can imagine that you will meet many people such as I - disbelief, shock, etc are likely going to be our first thought. I'll tell you what, though - If you can somehow guarantee me a 30% interest rate I'll fork over my cash to you. You can even keep the additional 25-30% that you earn on it. Which, over a long term, could be worth a couple trillion bucks __________________ I have an aura of reliability and good judgement. Just in case you were wondering...

02-02-2006, 11:33 AM	#13 (permalink)
Cynthetiq Tilted Cat Head Administrator Location: Manhattan, NY	easily rebuked in the fashion that allows the diet and excercise informercials to keep on going...here, I've been kind enough to blow up the small print at the bottom of your TV screen. Results Not Typical. __________________ I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not. What's the best nation in the world? DO-NATION!

12-12-2005, 11:49 AM	#3 (permalink)
Rekna Junkie	One thing I have been looking at is finding a company that I can do both mutuals and Roth IRAs. Every month i'll put a couple hundred in the Roth IRA. When I have a signifigant ivestment balance int the IRA then i'll purchase a mutual fund amortizing the purchasing cost. I know I can't touch the intrest in the IRA but that doesn't bother me as long as i'm earning money for some time. Then the mutuals would earn me money in the present. Is there any flaw with this logic?

12-13-2005, 07:57 AM	#5 (permalink)
Rekna Junkie	in roth IRA's you pay the taxes up front and as far as I understand it you can take out anything you put in at anytime for any reason without penatly but you cannot touch the interest.

12-19-2005, 12:48 PM	#6 (permalink)
Astrocloud Apocalypse Nerd	If you want to avoid paying taxes take out an Annuity. I looked at a bunch of them but fidelity seems to have some good funds in their annuities.

02-01-2006, 08:39 AM	#7 (permalink)
Lewis Artist and author Location: Ireland	At the moment I'm doing between 50 - 60% per month on Forex using my own system.

02-02-2006, 01:58 PM	#14 (permalink)
Lewis Artist and author Location: Ireland	The world is flat. It's supported on elephants' backs who are in turn standing on a giant turtle. A lot of people believed that for a long time, and many of them got really angry when people said otherwise. But the ones who didn't believe it found a whole new world. Whether you believe me or not makes absolutely no difference to me. I won't get rich selling a few books and courses. I'm simply mentioning something that I have found helpful in my life and that others may find helps them. So chill!