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I have $1000.00 yielding a dismal return of .25. I was thinking of buying a Vanguard mutual fund or opening up an online saving account with a return of 1.1. I can only afford to contribute $50 a month. Which is best? Do you have any suggestions?
One of my co-workers was like you. He saw my stock market geekiness on a daily basis and pestered me to help him invest. He had just 2000 at his disposal.
I tried to explain how he needs to have his own portfolio and he can't trust me. But he struck a deal with me that he will buy all stocks I buy and hold them for as long as I would. So I helped him set his account up, coz he is a total newbie and he also became very good personal friends with me. The dude is a gem.
He told me the same thing about how his savings account yields very little money every year.
So I had him buy UEC and SIRI, two of my favourite stocks. His 2000 has become about 2800 now. I'm not saying you should do what he did or trying to pump my own credentials up, but that dude made a choice, a good choice. He invested and he has had a good return in just about a month. He is lucky that he earned almost a 1000 with just 2K.
the problem with theory and stratagies is they all work until they dont.
boy if anyone really figured it out wall street would pay them billions and they wouldnt need to be selling books thats for sure or telling you how to do it.
I've always believed the same thing, UNTIL a friend recommended this book. He started with around 50k, turned it into 4.2 million in about 13 years. I've been on the stock market since I was 8 years old. I started with $5,000. I've been up and down and have made many mistakes. However, I'm currently at my all time high. This book made a lot of sense to me and it's completely different from anything I've tried or would have tried on my own.
Ted Warren wrote this book shortly before he died. He was a millionaire back in the "old days" from his method, so money wasn't the main motivation for writing it. He wanted to pass his knowledge and experience to the average guy. That's what gets me sick every time I hear Obama wage war against Wall Street. If you know what you're doing you don't have to be a rich CEO to make a living off the stock market. It's not a become rich quick scheme. Most people will not understand it, believe it or be able to follow through with it. However, anyone can do it. I'm not going to sell it because it's not my loss. I'm just doing my community service lol.
well maybe your friend should apply for the forbes 200 as they are still waiting their first book writer on financial stratagies as well as their first market timer. lol
I actually joked with him he should write a book and he said, I'm doing pretty much exactly what's in that book, plus why would I want to waste my time when I'm making a good living now.
So I had him buy UEC and SIRI, two of my favourite stocks. His 2000 has become about 2800 now. I'm not saying you should do what he did or trying to pump my own credentials up, but that dude made a choice, a good choice. He invested and he has had a good return in just about a month. He is lucky that he earned almost a 1000 with just 2K.
Do your DD, pick your winner and get rich
If I'm correct, wouldn't that be a 40% return on his investment? From 2k to 2.8k? 40% is real nice!
If I'm correct, wouldn't that be a 40% return on his investment? From 2k to 2.8k? 40% is real nice!
It is. Sometimes it makes me feel jealous LOL. He reaped the benefits of some of my research spent over many nights. But he is a real nice guy and I don't make many friends in life. He was one of those rare persons.
I have $1000.00 yielding a dismal return of .25. I was thinking of buying a Vanguard mutual fund or opening up an online saving account with a return of 1.1. I can only afford to contribute $50 a month. Which is best? Do you have any suggestions?
Personally, if you have $1000, I like Vanguard Star. It's a balanced fund that holds a mix of stocks & bonds. Good, but not quite top notch, long term performance. It's the only Vanguard fund with a $1000 minimum.
It has beat the S&P 500 stock index (an index of the stocks of the 500 largest companies in the US) for the past 3, 5, 10 and 15 year periods, although if there is a long term bull stock market, this fund will look boring. The plus side is it holds up a lot better in stock market downturns.
Invest the $1,000 and keep adding the $50 each month..
Others you can invest in
Ticker=STFBX = $250 min
Ticker=ISKIX = $1,000 min
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