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What would you invest in?

Old 07-13-2012, 08:44 AM
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Default What would you invest in?

Im just sold my boat. I'm 19 and would like to make a long term investment ($500-$1000) ik it's not much. I'd like to invest in silver. What do you think?

Thanks
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Old 07-13-2012, 08:52 AM
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coke futures.


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Old 07-13-2012, 08:52 AM
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The first rule of investing is.....don't invest in something you don't understand.

Most investment people would tell you to limit your precious metal investments to 5-10% of your entire portfolio. Your sticking everything into one single item.

Open a Roth IRA that's invested in a growth stock mutual fund. And contribute to it regularly, even if' it's only a few bucks a month. At 65 you'll have a nice nest egg.
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Old 07-13-2012, 08:55 AM
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Originally Posted by DandH View Post
Open a Roth IRA that's invested in a growth stock mutual fund. And contribute to it regularly, even if' it's only a few bucks a month. At 65 you'll have a nice nest egg.
...and make sure it's with Vanguard !
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Old 07-13-2012, 08:58 AM
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I have a garunteed investment in something you can buy today and will be worth more in the future....

Buy $1,000.00 worth of the forever stamps... You know the USPS is going to up the price every year, in 20 years those things might be worth $3 each.....
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Old 07-13-2012, 09:02 AM
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Since you are young, personally IMO I would buy into a small blue chip...ie. Coke, Alcoa, GE...If you had 10k I would get Facebook or Apple. I really see these two doing well and becoming even more diversified in the future. Mutual Funds are for the older guys IMO, but each investor is different. Good Luck ! and FYI get a scottrade acct, forget paying some large firm to manage your money......
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Old 07-13-2012, 09:07 AM
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One word: Plastics
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Old 07-13-2012, 09:08 AM
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If do not need it until your old like me... self directed ROTH ira, you pick your investments which include precious metals, mutual funds or ETF's. You will not have access to your money until your 59.5.

At 19 I'd invest in another boat = "Priceless" investing in life experiences

x(19)+B=(E)O-H
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Old 07-13-2012, 09:10 AM
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Education
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Old 07-13-2012, 09:12 AM
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Originally Posted by DavenFla View Post
If do not need it until your old like me... self directed ROTH ira, you pick your investments which include precious metals, mutual funds or ETF's. You will not have access to your money until your 59.5.

At 19 I'd invest in another boat = "Priceless" investing in life experiences

x(19)+B=(E)O-H
What does that formula mean?
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Old 07-13-2012, 09:13 AM
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Honestly you are 19 right? you should invest that money in anything that is likely to get you more that stuff those 19 year old girls have to offer.....


Just saying you will only be 19 once...
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Old 07-13-2012, 09:14 AM
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Seafox has it. Set up a drip with GE. All your dividends will be reinvested, the cost is almost nothing, and it adds up. I did this with GE and exxon a long time ago, and both have worked out well for me.
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Old 07-13-2012, 09:17 AM
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Originally Posted by midcap View Post
What does that formula mean?
created a fake one

x(19)+B=(E)O-H
unknow decades x his age= experiences x age, minus happiness

live long, live young
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Old 07-13-2012, 09:26 AM
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Frozen concentrated orange juice.
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Old 07-13-2012, 09:36 AM
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Originally Posted by The_China_Doll View Post
I have a garunteed investment in something you can buy today and will be worth more in the future....

Buy $1,000.00 worth of the forever stamps... You know the USPS is going to up the price every year, in 20 years those things might be worth $3 each.....
As crazy as it sounds that's probably a damn good investment.
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Old 07-13-2012, 11:00 AM
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Regions Bank...........stock = RF symbol..........
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Old 07-13-2012, 11:33 AM
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Selling the boat was probably your best investment.
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Old 07-13-2012, 11:56 AM
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Originally Posted by Qb1rdman View Post
As crazy as it sounds that's probably a damn good investment.
If you're willing to bet the USPS will exist 20 years from now.

Tipsy
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Old 07-13-2012, 12:10 PM
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This is tough.

$1000 at 19 is a lot of money.

Let's say you pick some successful but conservative investment. Let's say you get a 200% return in 10 years. Now you have $3000. Unfortunately, when you are 29, assuming you've been reasonably successful, $3000 is not a lot of money.

On the flip side, let's say you invest it in something incredibly risky or speculative. In 10 years it will either be worth $0, or it will be worth $10-15k. $10k is nothing to sneeze at, but $0 really sucks.

Frankly... I don't think there is much worth investing in with less than $1000. Been there done that and lost most of it. Probably 2 or 3 times. When you have $10k to play with, it's different.

Last edited by Flot; 07-13-2012 at 02:06 PM.
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Old 07-13-2012, 12:16 PM
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The better question is do you have other assets or sources of support?

If no then stick in something like Ally bank and just draw interest but have it available if needed.

If yes then put it into something that statistically offers higher returns based on your willingness to risk it.
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