Investments
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You guys must be getting sick of me by now, but I will push on until I actualy get thrown out (hey it works at pubs, so it should work here!) I was wondering whether any CPians invest? And what in? Obviously there is investment in education, knowledge, relationships etc. etc. but I am more interested, for this post, in financial investments. What do you see as good investments and what do you think of as a bad investment? Who here is part of an investment club? And how serious are you about it? Also investment vs. savings, i.e. taking a calculated risk vs. playing it safe. What do you think on that matter? * any tips would be most appreciated :) regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
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You guys must be getting sick of me by now, but I will push on until I actualy get thrown out (hey it works at pubs, so it should work here!) I was wondering whether any CPians invest? And what in? Obviously there is investment in education, knowledge, relationships etc. etc. but I am more interested, for this post, in financial investments. What do you see as good investments and what do you think of as a bad investment? Who here is part of an investment club? And how serious are you about it? Also investment vs. savings, i.e. taking a calculated risk vs. playing it safe. What do you think on that matter? * any tips would be most appreciated :) regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
I think that for we "third worlders", investiments is quite a difficult topic. Stocks are very unstable investment, sometimes you win tons of money, most of the times you lose tons-and-tons of money. Here in Brazil for example, things are very unstable with the Argentina crises. Actually I save my money part in stocks (we never know when this things will get going) and part in fixed rate fund ( <-don´t know if it´s called this way in english). Mauricio Teichmann Ritter Brazil mauricioritter@hotmail.com
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I think that for we "third worlders", investiments is quite a difficult topic. Stocks are very unstable investment, sometimes you win tons of money, most of the times you lose tons-and-tons of money. Here in Brazil for example, things are very unstable with the Argentina crises. Actually I save my money part in stocks (we never know when this things will get going) and part in fixed rate fund ( <-don´t know if it´s called this way in english). Mauricio Teichmann Ritter Brazil mauricioritter@hotmail.com
Mauricio Ritter wrote: I think that for we "third worlders", investiments is quite a difficult topic. Most definitley. In terms of financial education we are way behind even the poor Western standards. In terms of financial position we also are lacking. I think though that a lot of it is perception, the perception that only rich westerners in developed countries can invest properly. Even if you keep it small and build a solid base, going for low-risk companies, you can make some good money. Once you have the confidence you can move onto higher-risk-higher-returns/losses stocks. regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
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Mauricio Ritter wrote: I think that for we "third worlders", investiments is quite a difficult topic. Most definitley. In terms of financial education we are way behind even the poor Western standards. In terms of financial position we also are lacking. I think though that a lot of it is perception, the perception that only rich westerners in developed countries can invest properly. Even if you keep it small and build a solid base, going for low-risk companies, you can make some good money. Once you have the confidence you can move onto higher-risk-higher-returns/losses stocks. regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
It's quite interesting (or sad) how we 3rd worlders stick together... Without trying to be funny, I think the only way we can make decent money is to start earning Dollars/Pounds. A buddy of mine wrote a app. for estate agents and was raking in +-$2500 / month without actually doing anything. As for investments-al-a-bank, I can't see us making up the deficit btwn us and the developed world. :| Cheers, Simon If we fail to anticipate the unforeseen or expect the unexpected in the universe of infinite possibilities, then we may find ourselves at the mercy of anyone or anything that can not be programmed, categorized or easily referenced.
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You guys must be getting sick of me by now, but I will push on until I actualy get thrown out (hey it works at pubs, so it should work here!) I was wondering whether any CPians invest? And what in? Obviously there is investment in education, knowledge, relationships etc. etc. but I am more interested, for this post, in financial investments. What do you see as good investments and what do you think of as a bad investment? Who here is part of an investment club? And how serious are you about it? Also investment vs. savings, i.e. taking a calculated risk vs. playing it safe. What do you think on that matter? * any tips would be most appreciated :) regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
I try to invest in a number of different ways. First of all, I have a full brokerage account with Smith Barney. They have some money in mutual funds. I also have an E*trade account where I can make my own investments in stocks and/or mutual funds. I also invest the maximum allowed through my 401(k) plan at work. I have about 10 funds that I can move money between on a daily basis. Finally, I have a money market account. We try to put my wife's entire paycheck into that and live off of my salary. At this rate, we'll be millionaires by the time we're 50! :-) (yeah...right) Brigg Thorp Software Engineer Timex Corporation
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You guys must be getting sick of me by now, but I will push on until I actualy get thrown out (hey it works at pubs, so it should work here!) I was wondering whether any CPians invest? And what in? Obviously there is investment in education, knowledge, relationships etc. etc. but I am more interested, for this post, in financial investments. What do you see as good investments and what do you think of as a bad investment? Who here is part of an investment club? And how serious are you about it? Also investment vs. savings, i.e. taking a calculated risk vs. playing it safe. What do you think on that matter? * any tips would be most appreciated :) regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
A lot is dependant on your age and goals. When younger you can take some of your investment and go with something risky. Yes you loose most of the time but one win and you can set your self up for earlier retirment (or working harder at what you want to do.) Most of your funds should be in a solid company or mutual fund. Historically they will do well but not make you filthy rich. Some (for the typical person 5-10%) can be in risker growth areas. Even in less developed countries I think you would have some brokerages. They should be able to let you invest in funds through out the world so I do not see that as a big issue. Now one exception is if you do know some details about a firm. Last year a company I deal with had some problems and the stock dropped from about 50 to 15. For 6 months I moved all of my funds in one brokerage (40% of my total) to it. It was no gamble. IF the company went under there assests were worth much more than that and it was most likely just a quick over reaction. 5 months later I sold most of it at 35 and that was when the US stocks had taken a general down turn. I am not an expert here but doing ok. Find a trusted brokerage and just start with a little but be steady at it. Be ready when you really do know something. If you really wanted to keep up at it I think you already would be. I am in the same postion.
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A lot is dependant on your age and goals. When younger you can take some of your investment and go with something risky. Yes you loose most of the time but one win and you can set your self up for earlier retirment (or working harder at what you want to do.) Most of your funds should be in a solid company or mutual fund. Historically they will do well but not make you filthy rich. Some (for the typical person 5-10%) can be in risker growth areas. Even in less developed countries I think you would have some brokerages. They should be able to let you invest in funds through out the world so I do not see that as a big issue. Now one exception is if you do know some details about a firm. Last year a company I deal with had some problems and the stock dropped from about 50 to 15. For 6 months I moved all of my funds in one brokerage (40% of my total) to it. It was no gamble. IF the company went under there assests were worth much more than that and it was most likely just a quick over reaction. 5 months later I sold most of it at 35 and that was when the US stocks had taken a general down turn. I am not an expert here but doing ok. Find a trusted brokerage and just start with a little but be steady at it. Be ready when you really do know something. If you really wanted to keep up at it I think you already would be. I am in the same postion.
Michael A. Barnhart wrote: Even in less developed countries I think you would have some brokerages We've got. My problem is that I'm getting more and more isolated from the rest of the world (money wise) as the South African currency deflates. So, while I may be able to live OK here, I can't afford to go overseas and a lot of the electronics prices are set to sky rocket very soon too. If my salary rose as well, then I'd be happy, but :(( . Cheers, Simon If we fail to anticipate the unforeseen or expect the unexpected in the universe of infinite possibilities, then we may find ourselves at the mercy of anyone or anything that can not be programmed, categorized or easily referenced.
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You guys must be getting sick of me by now, but I will push on until I actualy get thrown out (hey it works at pubs, so it should work here!) I was wondering whether any CPians invest? And what in? Obviously there is investment in education, knowledge, relationships etc. etc. but I am more interested, for this post, in financial investments. What do you see as good investments and what do you think of as a bad investment? Who here is part of an investment club? And how serious are you about it? Also investment vs. savings, i.e. taking a calculated risk vs. playing it safe. What do you think on that matter? * any tips would be most appreciated :) regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
As with many of my other interests, I go in waves. I'm very unstable I guess. I'm probably not the one you want to take advice from, though. I tend to come at "investment" as a game - and it turns out to be a whole lot healthier. The one company I used to work for, the owner had a satellite feed through which he got live stock data. He had a theory that was going to make us all rich if only he could get the software to react fast enough... anyways, he got me hooked. I've read a ton, and done a lot of research. Depending on the wave, I sometimes go back to some formal training (what they call CSC - Canadian Securities Certification(?) - can't remember what the last C is for). Also, the Toronto Stock Exchange runs a virtual trading game where they give you $100000 funny money to play with for 6 weeks. I've been through a few rounds, but the only one I played to the end was the one I didn't try to "invest". :) I was playing pure momentum trades - and I turned that $100G into $150G in 5 weeks (started late). Came in 33rd out of 11000 or so - if you don't mind me tootin my own horn. Point is, from everything I've read, and fiddled with, all the technical analysis vs. fundamentals, if you want to make money, you have to play it as if the money you put in is just going to disappear anyways. If you try to invest, it means you're trying to wrap some logic around the market, and for the most part, the market is one of those things that just doesn't have any logic. :) If you're playing with money that you need, you're going to lose it. If, on the other hand, you play thinking its a game, you can have some fun. And if you get lucky, if you play at the right time with the right stock/index/fund/commodity you can make a fair coin. :) Me, I have a 3-week old little girl at home, and a wife who's not working. My liquidity situation is not looking good. But by the time it gets good again (you know, when she goes off to university in who knows how long) I'll be ready. Then I'll make me some cash. Just you watch... J
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You guys must be getting sick of me by now, but I will push on until I actualy get thrown out (hey it works at pubs, so it should work here!) I was wondering whether any CPians invest? And what in? Obviously there is investment in education, knowledge, relationships etc. etc. but I am more interested, for this post, in financial investments. What do you see as good investments and what do you think of as a bad investment? Who here is part of an investment club? And how serious are you about it? Also investment vs. savings, i.e. taking a calculated risk vs. playing it safe. What do you think on that matter? * any tips would be most appreciated :) regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
Real Estate. cheers, Chris Maunder
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Michael A. Barnhart wrote: Even in less developed countries I think you would have some brokerages We've got. My problem is that I'm getting more and more isolated from the rest of the world (money wise) as the South African currency deflates. So, while I may be able to live OK here, I can't afford to go overseas and a lot of the electronics prices are set to sky rocket very soon too. If my salary rose as well, then I'd be happy, but :(( . Cheers, Simon If we fail to anticipate the unforeseen or expect the unexpected in the universe of infinite possibilities, then we may find ourselves at the mercy of anyone or anything that can not be programmed, categorized or easily referenced.
More reason to invest what you can in internation stocks or money markets. Yes sometimes you just have to sit tight for awhile. Hopefully it will be shorter than longer. Memory in Dec was about $45 for 512 meg and now it is over $100. I should have bought more at the time. Take Care. I hope you well.
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Mauricio Ritter wrote: I think that for we "third worlders", investiments is quite a difficult topic. Most definitley. In terms of financial education we are way behind even the poor Western standards. In terms of financial position we also are lacking. I think though that a lot of it is perception, the perception that only rich westerners in developed countries can invest properly. Even if you keep it small and build a solid base, going for low-risk companies, you can make some good money. Once you have the confidence you can move onto higher-risk-higher-returns/losses stocks. regards, Paul Watson Bluegrass Cape Town, South Africa "The greatest thing you will ever learn is to love, and be loved in return" - Moulin Rouge Martin Marvinski wrote: Unfortunatly Deep Throat isn't my cup of tea Do you Sonork? I do! 100.9903 Stormfront
You know, I think I said it in my last post. But really, most of the 'westerners' don't have a clue either. I know I didn't. That's why I'm spending my evenings helping people get the education that they lack. Banks and Insurance companies rely on people's ignorance to make money for themselves. I find it pretty disgusting. As a 'humorous' observation we like to ask people to notice in a city, which buildings are the largest and most extravagant. The banks and insurance companies. Then we ask them what they think that companies average client's home looks like. As far as investing goes, I've got my retirement in mutual funds. I'm taking the high risk/high reward approach, but since I'm 29 I've got 30 years to work with. BTW, another interesting fact: In the US we have these commercials by Merryl Lynch and Prudential talking about the need for financial planning and why they can do the job the best. All of the clients are talking about boats and vacation homes, etc. This is because both companies have recently stopped servicing clients with less than $200,000 in liquid assets. From an internal company e-mail November, 2001 -- "Would the person who stole the ethics training manual from the class last Friday please return it."