Unkie Trunkie doesn't know shit about the stock market, really. . . consult a professional before making a decision. Investments carry with them an inherent margin of risk. Caveat Emptore BIATCH!!!
Unkie Trunkie's broker doesn't believe in risk. Frankly, neither do I. You and I are young enough to actually buy blue-chips while they're at record lows right now. Honestly, that's where I'd go first. August companies are practically being given away right now. . .

That said, if that drug mentioned on 60 minutes gets through trials, Glaxo-Smith-Kline might be fun. . .

Also, look for any company with a tangible P/E that has just laid people off (or about to). Cost restructuring really gives the street a hard-on.

Frankly, I'd also looking into chucking it into a CD and start saving against the down payment on your first property.

My broker split my GE shares into Verizon and Merck - mostly A for the tax hedge and B both stocks pay dividends. . . although I'm starting to think my broker thinks I'm older than zdave.

 

 

(you're quote had a part edited out.. you know what I'm talking about. That was pretty funny )

See, that's what everyone tells me. I'm really good friends with the FC at the wellsfargo I used to work at.. and all he does is conservative investing. I don't like it. I'm a gambler at heart, and to me... that's what the stock market is all about. Doing the research, gambling, and making big, or losing big . (hence why i'm pushing to be a VC).

CDs are out of the question. I'll lose money sticking it in one with inflation rates and CD rates about equal.. not worth it (last time I checked)

I will look in to what you've suggested.. money should be here in a few weeks (hopefully). And that's what I want to do.. is make it GROW to a downpayment for my first house (which I plan to buy by the time I'm 22). Unfortunately, my dumbass bought this s2000 and I have no money to save for a downpayment, so I have to use extra funds.. invest, and hope it grows.

Funny you mention GE. about 6 months ago (RIGHT before the big crash) I put $500 to a scottrade account and had at it. Bought FRE at 2 (Which WAS good at the time) and GE at 21(which was the lowest it had been in over a year.. at the time). Now look at it I only have 4 shares of GE.. so I'm just letting them sit. GE will go back up; it has to. Just a matter of time.

Thanks UK, you rock!

 

I'm aggressive too. . . but right now is the (quite literally) the deal of the century on blue-chips.

If you can suppress your youthful urge for one second, you can get in on this, then diversify into cash-generating stuff when there's cash to be had.

I have an acquaintance who is a VC, and he made his first $20M in real estate. Seeing as it may be the first thing that'll turn around (and start generating cash the soonest), that'd be where I'd go.

The stock market is a great way to diversify wealth, but it's not always the greatest way to make cash.

 

Oh don't get me wrong.. if I had $15-20k to put down on a house, you damn right better believe I'll be out buying a house. I wouldn't even live in it.. rent it out. Duh. Hopefully get my rate low enough to make extra cash on top of the rent to put away from prop.taxes.

I'm the ONLY one my age that i know looks at investing the way I do. (i.e. buying realestate at 19.. not booze or blow). That's why I said my car was the biggest mistake I've made. If I could do it over again, I'd pay cash for a beater.. work my ass off.. save like crazy (since I live at home still) and buy a house by 20, not 22. (had the car a year now). I've read up on all the crap about realestate and getting around cap.gains and forming a personal corporation to beat the tax odds. Surprisingly, I know a lot about this stuff (not a GREAT deal.. but enough).

I just feel like right now the market is almost like the housing market.. it's an exceptional time to buy because 90% of shit is down.. more than it's ever been, and in due time it'll go to where it was a year ago. That's why I was looking in to risky investments to (potentially) make money quick(er).

Blue-chips hm? I'm looking some up now. Let the research begin! What do you think the turnover on the blue chips will be?

 

Near term- bubkes. Long term? You might be sitting very very pretty by age 30. Just mind your exposure.

 

elaborate?

 

In this case, no.

I'll lead you to water, but I ain't gonna make you think.

 

 

thoughts on KRK monitors?