Stock Market
 

Anyone else here into the stock market at all?

I am very interested in developing a decent portfolio…even thought the market has been shitty, its been getting better, despite all the stupid bullshit goin on with Bush and all…

Anyone ever watch Mad Money with Jim Cramer on CNN? This guy is awesome, he makes the stock market very entertaining, I wanna call him and ask about some stocks…its also kinda interesting to browse around money.msn.com if you’re bored…some very good money to be made if you know how to read the market

I wouldn't bother, the US Economy is going to collapse in a few years.

so I shouldnt worry about my retirement?










remember this:
its a marathon not a sprint

Depends on how close you are to retirement, and whether the company you work for is like the airlines that cut their workers pensions.

yeah disregard stammers reply, he has no idea how to make money on the stock market (no offense)

your retirement is gonna get fucked, but obviously not as bad as our generation...im waiting for more privatized retirement financing companies, but that period in between that and social security is gonna be a nightmare

the best thing to do at this point, imho, is put a few thousand into some long-term securities with good returns and cash in on a shitload of money 50-60 yrs from now...i hear of some that give you $100000 for an initial investment of ony $1500 or so, but then again, that doesnt give the most accurate prediction about the tme-value of the money

i hope some of you guys are following me, i know im not the know-it-all about finance by a long shot, but i would love to learn more

ok i retract my former statement, sry haha

Yea realistically I think you are only supposed to gain about 7-12% in the LONG TERM average, but by taking bigger risks you have the potential for much more.

About two years ago I put in about $2500 on Cadbury Schweppes (company makes gum, drinks, and other food stuff) for about 18 bucks a share. Now it's up to 39.24. I didn't buy it as a short-term stock though..so I'm keeping hold of it probably for many more years to come.

I know my shit but don't have the money to do so.

When's the time to start planning for retirement?

NOW!

if any of ever take any advise from me let it be here and now. Start a retirement account yesterday. I wish I did it when i was younger but I didnt, that mistake will make me work longer than i want to

Re: Stock Market
 

yuppie... actually I used to be interested in the market a few years back when my grandfather was still alive. He got me into it. I had some fake portfolios. Was interested in seeing small companies start to grow. By low, sell high. I was thinking about putting some real money into it but I have no idea where to start.

I have money invested in mutual funds. Canadian market is doing great right now

[quote="9mm BeRetTa":f2b61]Yea realistically I think you are only supposed to gain about 7-12% in the LONG TERM average, but by taking bigger risks you have the potential for much more.[/quote:f2b61]

An investment keeping pace with the S&P 500 is supposed to double every 7 to 8 years on average without you having to do jack shit.

The best thing for young people to do is get some kind of payroll deduction to either a Roth IRA or 401K. This way, you don't miss the money, you consistently contribute, and its pre-tax dollars in the case of a 401K. BTW, if you have kids do the same thing immediately in a 529 plan.

I have absolutely no idea how any of this stuff works, tho I would like to know... I also completely suck ass at maths... I don't plan on doing any retirement stuff until I get a proper job & then I'll prolly stash most of my savings in a stakeholder pension. As far as the stock markets go though I haven't a bally clue! It's so risky too, imagine if you put shares in Enron oOo: oOo: oOo:

Uh...I have a 401k... oOo: