Investor guys step in plz

[95z28]

So ive had a decent sized amount of money saved up for a while, and i had been planning on either puting it all into the car i have now or using twoards purchasing an ls1 car. But lately i have been toying with the idea of playing some stocks and such, Just wondering if you guys have and good reading material for me. I want to do my fair share of research before i start to play with fire . . . I dont know much beyond the basics so keep that in mind.

Thanks in advance.

[TraceZ]

Build a starter house. Dont buy a pre-existing home, or a condo.

Around here you can build a 1300 sq ft starter home for around $210,000 and sell it after a couple years for a good $30,000 profit.

I would recommend against stocks, I've seen too many people lose out that way. I've never seen anyone lose buying a house.

[raroZ28]

Build a starter house. Dont buy a pre-existing home, or a condo.

Around here you can build a 1300 sq ft starter home for around $210,000 and sell it after a couple years for a good $30,000 profit.

I would recommend against stocks, I've seen too many people lose out that way. I've never seen anyone lose buying a house.

That's quite a bit there tracy. $210000?

I plan on getting into that in the near future. The house that we're building now is for a guy building an investment home, built to sell for profit. I believe it cost him around $90,000 to build this home, not sure if that includes his land, but his two lots cost him $48000. He is hoping to sell each house $180,000

[TraceZ]

That's quite a bit there tracy. $210000?

I plan on getting into that in the near future. The house that we're building now is for a guy building an investment home, built to sell for profit. I believe it cost him around $90,000 to build this home, not sure if that includes his land, but his two lots cost him $48000. He is hoping to sell each house $180,000

Thats a good way to do it! I built a property in 1998 myself, I just contracted it all out and spent $202,000 including land, labor and materials.

I still own that property and its now valued at $345,000. It's a two-unit (duplex) and I keep a couple renters in it.

[Nightrage]

That's quite a bit there tracy. $210000?

Think that's a lot? Come to Long Island. My old boss just sold her single floor (Ranch), two bedroom house, with no basement and a very small piece of property for upwards of $300,000. My grandparents house was estimated to be worth $500,000 around 1999. Can't Imagine what it's worth nowadays.

[Steel2686]

I live in Fairfield County, Connecticut. Second only to Orange County in California for cost of living. Houses here are astronomical. It's ridiculous what $400,000 won't buy you. My next door neighbor's sold their house this past spring. It's a simple 1,600 square foot raised ranch on 1/3 acre. It sold for $410,000.

As far as stocks go, it's not an awful idea to try it... just be very conservative. Buy stock that has done very well over time, but doesn't jump up all at once. Those explosive stocks can make you great short-term money, but kill you in the end.

I bought Pepsi stock last year. It's done very well, and has over the last 5 years. The best thing I can recommend is to use a reputable site to trade on. I use Ameritrade. They have tons of information available, and it's real easy to use. Also, I watch Mad Money with Jim Kramer just about every night. He's on CNBC and MSNBC. He's a lot of fun to watch, but he has great short and long term tips.

[Jeff_in_Atl]

There is a ton of stuff on https://www.fidelity.com/ about investing. I'm not sure what your are looking for but you can go there and poke around.

[Red20170]

You could also watch Cramer on CNBC.

[Performin Norman]

I'm very against giving investment advice. It's just not a good thing to do, especially to your friends. However, I just want to share one generic thought. Don't invest it, unless you can afford to lose it. Just and FYI.

[raroZ28]

Think that's a lot? Come to Long Island. My old boss just sold her single floor (Ranch), two bedroom house, with no basement and a very small piece of property for upwards of $300,000. My grandparents house was estimated to be worth $500,000 around 1999. Can't Imagine what it's worth nowadays.

No, I don't think 210,000 is a lot for a house to be worth. To build a home that costs that much is quite a bit though, if you're not including the land.

[thomas]

One of the hottest places to build right now is Delaware!! Yes I said it right Delaware. These last 2 years have been crazy! What you could buy for 100000 1 year ago you have to pay 160000. Im not joking either. Its the truth. And its not slowing down. Investing is risky but I can tell you this God isnt making any more land. I bought a duplex a year ago for 109000 (it was pretty nice) and 4 months later sold it for 129000! And theres 2 reasons for this. One is Delaware tax is cheaper and everyone from NY, PA, MD is moving here so what they could buy a 600 sqft apt in the city they can buy an acre lot with a 2000 sqft home. land is 50-70k an acrea right now!!


Speaking off I have a store with 6 acres for sale in West Virginia.

[Jay 02 TA ws6]

I'm very against giving investment advice. It's just not a good thing to do, especially to your friends. However, I just want to share one generic thought. Don't invest it, unless you can afford to lose it. Just and FYI.

Well... to play devil's advocate here... I can give him a 100% sure way for him to lose money... and that's to spend it on mods for his car.

From a money standpoint, it would be hard to do any worse than that.

[Jeff_in_Atl]

Well... to play devil's advocate here... I can give him a 100% sure way for him to lose money... and that's to spend it on mods for his car.

From a money standpoint, it would be hard to do any worse than that.

You took the words out of my mouth.

[95z28]

Well... to play devil's advocate here... I can give him a 100% sure way for him to lose money... and that's to spend it on mods for his car.

From a money standpoint, it would be hard to do any worse than that.

thats basicaly what i was going to do with it. I had about 3500 this time last year i was going to use for my car, took the time to pick stuff out and plan it out and just never got into it. Now that amount is more than double, and my options were mod the car or sell and use most of it to purchase an LS1 car. But i like this idea, ive been toying with it for a while and i think its a risk worthy of taking. Im going to hit up the library later this afternoon, want to take my time and make sure im confident in what im doing before i start playing with money.

[Dave M]

You could also watch Cramer on CNBC.

Here's another vote for Cramer!! CNBC at 6 p.m., 9, and midnight. Makes stocks into a very entertaining show, and of course he really knows his stuff. www.thestreet.com has wrap ups of each of his shows if you can't catch them. Do your research on www.cnbc.com You can read all you need to know about a company there. I use www.sharebuilder.com for my stocks. Just $4 per trade or $12/20 per month depending on whcich type of account you go with, and it can deduct and invest automatically from your checking account. Big blue chip stocks are always a pretty safe bet, and if you pick one with a nice dividend then you're at least garaunteed some income from it even if the stock doesn't fare well. If you do it, just make sure you stay diversified into several companies and indistries so that you don't have all your eggs in one basket. Cramer reccomends to have at least 5 stocks, each one in a different industry (tech, health care, automotive, etc...)

If anything I said confused you, PM or email me and I'll go into more details.