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JFK 01-01-2004 11:39 AM

Getting Rich.....A financial tip to all of you for 2004
 
a lot of what is in this article makes cents .;), and a 100 cents makes a $ . Enjoy and happy New year. To start you off here is :2 cents:
http://money.msn.ca/articles/banking...ry/P407742.asp

Trax 01-01-2004 11:49 AM

not everyone who has a tip or a gr8 advice knows what he is talking about
remember the lil2rich how to get a XXXk tgp in X weeks?

you know what i mean :winkwink:

cluck 01-01-2004 11:51 AM

Long term investing is too slow, I made $300 yesterday investing :thumbsup

I don't need no stinking CD.

JFK 01-01-2004 11:55 AM

Quote:

Originally posted by Trax
not everyone who has a tip or a gr8 advice knows what he is talking about
remember the lil2rich how to get a XXXk tgp in X weeks?

you know what i mean :winkwink:

I feel its sound advice, its not getting "lil2rich"in a week:winkwink: Its a long term financial plan, remember as the article says
"The tortoise almost always beats the hare" :2 cents:

aflex 01-01-2004 11:56 AM

cool article, im gonna drop 3g's into a mutual fund tommorrow. and play the market with another 2g's.

JFK 01-01-2004 12:00 PM

Quote:

Originally posted by cluck
Long term investing is too slow, I made $300 yesterday investing :thumbsup

I don't need no stinking CD.

The Graveyard of Broken Dreams is full of quick buck Artists , been there done that :2 cents:

Trax 01-01-2004 12:00 PM

Quote:

Originally posted by JFK


I feel its sound advice, its not getting "lil2rich"in a week:winkwink: Its a long term financial plan, remember as the article says
"The tortoise almost always beats the hare" :2 cents:

what i am saying is: dont listen to other people if you are smart enough to manage your stuff yourself...
i could think of numerous other things that would be more secure to invest money in a long term you know :winkwink:

cluck 01-01-2004 12:02 PM

Quote:

Originally posted by JFK


The Graveyard of Broken Dreams is full of quick buck Artists , been there done that :2 cents:

Ah don't worry I'm not doing some HYIP scams or anything. I'm doing financial betting with my own methods and analysis software I developed myself. I too have been burnt by the get rich quick crowd :thumbsup

pradaboy 01-01-2004 12:02 PM

good article... I picked up on this already tho!

Pornwolf 01-01-2004 12:03 PM

In 30 years you will not be able to retire on $1,000,000. At least not comfortably.

snowpimp 01-01-2004 12:03 PM

Quote:

Originally posted by aflex
cool article, im gonna drop 3g's into a mutual fund tommorrow. and play the market with another 2g's.
TIP: Put that 3g in a ROTH IRA so you won't have to pay taxes on your gains. Most of us can put in 3k a year but read the rules as they vary based on marital status and income level. Plus there are rules as to when you can take the money out but they're less strict than 401k (you can use your earnings for buying a house for example) and you can take out your initial investment anytime at no penalty.

JFK 01-01-2004 12:06 PM

Quote:

Originally posted by Trax


what i am saying is: dont listen to other people if you are smart enough to manage your stuff yourself...
i could think of numerous other things that would be more secure to invest money in a long term you know :winkwink:

and what I am saying is , most smart people listen to others advice, take what they can use, and incorporate it into what they do. :winkwink:

aflex 01-01-2004 12:14 PM

thanks snowpimp, reading up on it now :thumbsup

KRL 01-01-2004 01:27 PM

Borrow X To Buy, Build or Provide Y > Add Profit Markup > Sell For Z

That's the formula in a nutshell.

blackfeet 01-01-2004 01:29 PM

Buy gold or platinum coins at:
usmint.com

Gold has gone up $70 per once in 4 years time.

dchottie 01-01-2004 01:45 PM

Nice article JFK.. I don't take a lot of time to invest but when I was actively doing the investing thing I spread my money out through blue chip stocks and also government bonds.. did about a 60/40 split and was agressive with 60% of my money in the blue chips and the other 40 went into the government bonds which didn't have a great return but it didn't lose either. I think I averaged about a 6.9% gain per quarter.

aflex 01-01-2004 02:00 PM

Quote:

Originally posted by KRL
Borrow X To Buy, Build or Provide Y > Add Profit Markup > Sell For Z

That's the formula in a nutshell.

KRL i think i love you man :winkwink:

Vitasoy 01-01-2004 02:08 PM

Quote:

Originally posted by JFK
a lot of what is in this article makes cents .;), and a 100 cents makes a $ . Enjoy and happy New year. To start you off here is :2 cents:
http://money.msn.ca/articles/banking...ry/P407742.asp


interesting concept :)

DBS.US 01-01-2004 02:12 PM

Start with a ROTH IRA ! :2 cents:

JFK 01-02-2004 09:05 AM

Quote:

Originally posted by blackfeet
Buy gold or platinum coins at:
usmint.com

Gold has gone up $70 per once in 4 years time.

Sorry, but the coins are not a good investment, especially when you are forced to dump them. You get max 85-90% melt:2 cents:

Phoenix 01-02-2004 09:08 AM

Sound advice JFK

always important to invest in this strategy...even if you are making large Bling..keep adding to the safety egg so to speak

Head 01-02-2004 09:16 AM

Well i put about $100 a month for the last 10 years and i have $20,000 maybe more. Better then nothing. I want to do more.

Phoenix 01-02-2004 09:18 AM

Quote:

Originally posted by Head
Well i put about $100 a month for the last 10 years and i have $20,000 maybe more. Better then nothing. I want to do more.
increase it to 500 a month


no matter what it takes..if it makes you broke you will soon find a way to make monre money to cover it:2 cents:


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