*****The Official "Anything About Money" Thread***

who here has an ING account? i kinda wanna open one up just for the fact that it adds money to your existing money. but since i'm not investment savvy, i have no clue what the hell an APR is.

so if someone could me some pointers on opening one up, or even suggesting a better company than ING, please help me out.
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Eh, what the hell? I'll sticky it. It'll be good for NT'ers to learn where to invest their money at OTHER than shoes...

Question for all the money majors: By the end of the year, I'll have $10K extra saved up....what's the best way to keep making money off of it?
GR for now, but rumor has it Gentry's going to package it with a Toboggan and mitten set and sell it for $750
 
Deceptive, I'm 20 and I have about $1500 saved up, what are some avenues to look down for long term gains?

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My question is, HOW do we (lets get a group on NT) get into a HEDGE fund.

THAT'S where the money is folks.
Real eyes realize real lies!​
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damn, this post is making me think twice about getting that HDTV. Ehhh...oh well...I guess it's never too early to start saving up money. I guess it's time to say goodbye to getting new kicks every month (until the end of the year at least) and open up an ING Direct account. It's ironic how I'm gonna start learning how to save and invest from the website that's cost me hundreds of dollars a year on shoes...haha
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I pulled this from another site....good information on the basics of stocks...

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Q. What is a Stock?

A. A stock is (1) unit of ownership in a company. Own a share of a companys stock, you own a part of the company.
Most stock bought on the market is "common" stock. This stock gives you the right to vote on certain important matters of the company.If the company distributes profits, stockholders normally get them in dividends.


A benefit of stock ownership is limited liability. That means If the company loses a lawsuit and must pay some serious bankroll, all that can happen is your stock becomes worthless. The collection agency or anybody else cant come after you.

There are 2 kinds of stock:

* Common stock
* Preferred stock

Common Stock
Most stocks held by people is common stock. Common stock is the majority of stock held by the public. It has voting rights, and the right to receive dividends. When you hear or read about stocks being up or down, in the news or on TV they are always talking about common stock.

Preferred Stock
Preferred stock has fewer rights than common stock, except in dividends. Companies that issue preferred stocks usually pay consistent dividends and preferred stock has first rights to dividends.


Stock Sectors
Investors break the market down into sectors by company business. These sectors make is possible to compare how a stock is doing relative to its peers.

Market Indexes
Dow, S&P 500, and Nasdaq Composite, are useful tools if you understand them.

Dividends
Dividends are a way companies goves a portion of their profits to stockholders/shareholders.

Different Share Types
Different types of shares of stock are out there. Authorized, restricted, float, outstanding and treasury shares all have different attributes. Be informed make smart decisions.


Stock Trading Basics

Trade = Buy or Sell
To trade means to buy and sell in the financial market/ the stock market.

Two Basic Methods
There are two basic ways exchanges trade stocks

* On the exchange floor
* Electronically

Exchange floor

Trading on the floor of the New York Stock Exchange (the NYSE)

A step-by-step of a simple trade.

1. You tell your broker to buy 100 shares of Boxden at market. (At market means at the current price available when you make/execute the transaction)
2. The brokers order department sends the order to their floor on the exchange.
3. One the floor a clerk alerts the firms floor traders who finds another floor trader willing to sell 100 shares of Boxden.
4. The 2 agree on price and complete the transaction. The broker calls you back with the final price. After a few days you will receive a confirmation notice.

Remember this is a simple example.


Electronically

Simply out electronic markets use computers instead of people. They match buyers and sellers much faster than the old school way. Individual investors like us can almost get instant confirmations on trades.

We still need brokers to handle trades. There are many online go to JD Powers or another comparison guide and check them out I did and I'm very pleased. The brokers online and off both charge a fee for the transaction. Usually the fee is small and is per transaction. This means whether you but 100 shares or 1,000 you still pay the same price.

Not every place is the same so who ever you pick get there fees. Also when you sign up with a brokerage you have to sign all these forms to verify you won't steal cheat and or lie and hold the brokerage accountable for delays or pricing differences they can't control.


Get your hustle on.
Go here 2 make an easy $500 each month while onlineCheck out my online money tutorialLowest rates on travel guaranteed here
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what's the best way to keep making money off of it?

depends on your target investment maturity date, amount of risk you would like to take, and how willing you are to diversify.

like deceptive said, you have a lot of options -- i would also add that mutual funds have had pretty good returns for the past 30 years, but like my dude, my preference is for stocks. a lot of stocks in my portfolio have beaten the S&P 500 in the past few years, so you can easily see good gains after 5 to 10 years.

again, it all depends on whether your are long term (which i recommend) or if you plan to cash out sooner. either way, stocks, however risky, can have really good payout from either a) capital gains or b) dividends.

and good looks on the sticky.
for sale: 2001 size 10.5 jordan iii black + cement. worn but wearable. no box or card. nyc meetups only, please. make me an offer.
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It's ironic how I'm gonna start learning how to save and invest from the website that's cost me hundreds of dollars a year on shoes...haha
He moves in mysterious ways. :wink:
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BDU FAMILYF/S: AF1 sz.8-8.5 (Portlands, BKs, blk/blue, wht/blk)
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. Are you trying to make a huge return sooner than later? Maybe stocks would be for you then...


Nah, not in a rush to get rich...just to have my future secure, feel me? I'm not tryin to retire early (although it'd be nice!), but just to be able to live really comfortable when I get older. Anything that suits that?

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and good looks on the sticky


Not a problem...

Keep the info comin...tryin to soak up as much as I can
GR for now, but rumor has it Gentry's going to package it with a Toboggan and mitten set and sell it for $750
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Much Respected, long term as in retirement? if so, a roth IRA would be your best bet.
WANTED: Supreme Dunk Low SB BLACK, any condition, DS AJ XI Concords & Space Jams, AJ IV blk/red any condition, all in sz 10/10.5
 
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My question is, HOW do we (lets get a group on NT) get into a HEDGE fund.

hedge funds are most certainly a good way to diversify and grow your money, but in order to even work with a hedge fund, i believe your net worth has to be at LEAST $1 million USD or you had to have made at least $200,000 a year for the past two years.
for sale: 2001 size 10.5 jordan iii black + cement. worn but wearable. no box or card. nyc meetups only, please. make me an offer.
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if youre going to open an online savings account do it at gmacbank instead of ing. their apy is 5.30%.
 
Nice post!!!!!!!


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Get ready in three steps
If you'd like to get a handle on your spending habits, all it takes is a small notepad and a bit of determination.

Step 1: Figure out how much cash you need to cover a week's worth of gas, groceries, entertainment, dinner on the town, breakfast at McDonald's, books, music CDs, cosmetics, gifts -- the whole gamut of casual expenses.

Step 2: Be honest. Don't deliberately overestimate so that you're sure to have enough cash to get through the week.

Step 3: Set the anticipated amount aside and don't use debit or credit cards.

If you get through the week with the cash set aside, congratulations! If you need to make a trip to the ATM, it's OK. Review your purchases and see where you could have trimmed costs. This is about developing a mind-set where you seriously consider daily cash expenditures. It can lead to more money in your savings account and long-term financial plans that stay on track.
:smile:
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..Pursuing MY HappYness​
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i just signed up for ING....how long does the account confirmation where they deposit less than $1.00 into your checking account take?
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407
Orlando Gets Money.​
 
dgk3188, if i remember correctly, it took a few days but no more than one week for them to confirm it. it may take a couple extra days because of the weekend though.
WANTED: Supreme Dunk Low SB BLACK, any condition, DS AJ XI Concords & Space Jams, AJ IV blk/red any condition, all in sz 10/10.5
 
^^ok cool. thanks for responding :smokin
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TEAM Black & Mild
Team FLorida Reppin'
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Orlando Gets Money.​
 
Quote:
My question is, HOW do we (lets get a group on NT) get into a HEDGE fund.

THAT'S where the money is folks.


goodluck getting into a good one

most hedge fund managers take a VERY HIGH percentage of any returns (~20-40%)

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i have no clue what the hell an APR is.
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^^^^ What kind of job are you going to get. Cause I was interested in a major in finance.
Pimpin aint easy but it aint hard neitha
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