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| 2006/9/3-7 [Finance/Investment] UID:44259 Activity:kinda low |
9/3 Hi motd. I'm in my mid 20s and I have about $35K cash. I already
have a decent place to live and I have a car, thus I don't want to
spend my cash on anything other than investments. What is a good
investment strategy for someone like me? Thanks.
\_ How soon might you need to use the cash? I'd think about buying
property, although the timing is not so good right now.
\_ in the long term, just dump all your cash into QQQQ and/or SPDR
electronic index fund. If you want be a bit more advanturous,
you can spend 1/4 or 1/3 on GLD, then the rest in index fund.
Don't wait on the side-line for too long, don't try to pull money
out when the market moves ups and down.
\_ How did you come up with 35K in cash while still in your mid-20s
and presumably saddled with a mortgage? Are you a hooker?
\_ Yes, I am a hooker. -hooker
\_ It makes sense if you assume this person is renting, even better,
a room in a house, even better, sharing a room, even better, got
the car as a gift/used from parents. Even if you didn't invest,
you could have much more than $35K in savings if you were frugal.
How many 26-year-olds do you see wandering around with a mortgage
(even interest-only) without parental assistance or special
circumstances?
\_ It's called "not living in California". A 90,000 dollar
condo is not out of reach for a 26 year old.
\_ Wow. A wonderful 90,000 dollar condo in the middle of the
paradise that is Oklahoma. Your life must be wonderful.
\_ Or maybe she is a hooker.
\_ One can only hope so. -John Karr
\_ Depends on how cautious you are. It might be a good idea to get
a short term (3-mo) CD for part of the money b/c interest rates
on CDs are now about 5%.
\_ Depends on how cautious you are. It might be a good idea to get
a short term (3-mo) CD for part of the money b/c interest rates
on CDs are now about 5%. I would put the rest into Mutual Funds
or QQQQ.
\_ I know nothing about finance, and had never heard of QQQQ, so I
looked it up. Looking at the following graph:
http://finance.yahoo.com/q/bc?s=QQQQ&t=my
I'm perplexed as to why anyone would want to invest in that.
Can someone explain?
\_ as scary as it may sound, but this is about as good as you
can do. FYI, a money manager who can consistantly beat the
market by 1% is considered pretty good.
\_ QQQQ is an index fund that tracks the Nasdaq. To the extent
that the U.S. economy has growth prospects, the Nasdaq is
a fairly safe bet. -tom
\_ So are you saying that the graph in the above link is
wrong? If you had invested almost any time in the last
six years, you would lose money. Or at least that's my
interpretation of the data.
\_ If you are in your mid 20s and you don't need the
money in the short term, the stock market has
traditionally been the best place to keep your
money. You need to have a longer time horizon than
5 years. -tom
\_ I disagree. If one invested in late 2002, one would
have made a decent amount of money. I certainly did.
The other things about QQQQ is that it is not a long
term investment. It is preferable to trade somewhat
regularly to realize your gains.
BTW, I meant to say you should put the remainder
into QQQQ and Mutual Funds (not 'or'). Mutual Funds
provide much more long term stability, but the returns
(on ave.) are not as good as trading QQQQ frequently.
I personally hold a few "growth" or "tech" mutual
funds, a few bond funds and a few mixed funds in
addition to a limited number of QQQQ b/c I am a very
risk averse investor.
\_ Mutual funds has higher cost. ETF like QQQQ and/or
SPDR is still the best bet.
\_ "Best bet" is relative. QQQQ or SPDR have some-
what more volatility than bond funds and some
conservative "growth" funds. If one is risk
averse, mutual funds are safer, which (imo) is
worth the marginally higher cost.
\_ not if you're in your 20s and don't need the
money right now. -tom
\_ I disagree. I have been a conservative
investor all my life (starting at age
18). I may never become a millionaire,
but I have also never lost any money
on my safe investments (I even made an
ave. of 8% during the bust years). To
me, the feeling of security is worth
much more than the potential "upside."
Perhaps to you it is not. One size does
not fit all.
\_ mutual funds aren't any safer than QQQQ.
-tom
\_ most do not have so much Tech.
\_ I have been an agressive investor for
6 years and I just made my first million.
You should be a millionaire by the time
you retire, at the very least.
\_ You are also a bad speller, and motd
entry over-writer.
\_ FLPSX. I used to invest on FDGFX, until I realized that FLPSX was
doing better in both boom times and bomb times. So I switched over.
\_ Want to put you in touch with a financial advisor? |
| 2006/9/3-6 [Science/GlobalWarming, Finance/Investment] UID:44260 Activity:nil |
9/3 Most people think the housing boom will turn into a slowdown, and
some think that it'll crash. In either case, what do you think the
most likely scenario for rich investors to invest next? Gold?
Silver? Energy? Or maybe Tech stocks all over again?
\_ Definitely gold. Tech stocks are long dead. |
| 2006/9/3-6 [Uncategorized] UID:44261 Activity:nil |
9/3 I hate Glenn Beck, what's the best way to tell CNN to get him
off the air?
\_ Just curious, why do you hate Glenn Beck? (I've never really
listened to him much.)
\_ Boycott the show?
\_ what is wrong with
\_ Get a life? If you hate a TV personality, you need to go outside. |
| 2006/9/3-6 [Politics/Foreign/MiddleEast/Iraq] UID:44262 Activity:kinda low |
9/3 New Dune book == thundering turd. discuss.
\_ How does it end? I don't want to read the whole thing, but
I'm interested in knowing what happens. The Frank Herbert
Dune books ended on a cliffhanger.
\_ The two super powerful face dancers (with the odd names
of Marty and Daniel I think?) at the end of the real
Dune series books, turn out to be evil computer systems
that everyone thought were destroyed in the Butlerian
Jihad, and now they really want to wipe out the human
race. The Honored Matres turn out to be the remnants
of the really pissed off female Tlexiau who weren't
turned into axoltl tanks.
\_ So does the human race get wiped out? Or do the
\_ That's probably in book 2 of 2 (#1 is out now)
Bene Gesserit save the day? Any more re-appearances
\_ There are 80 million more Honored Matres than
Bene Gesserit. Actually they kind of merged.
Actually it's retarded, who cares.
of Duncan Idaho gholas or descendants?
\_ Old Dune books == thundering turd as well. These books were
about as good as that Lord of the Rings crap. Someone ought
to teach these people how to write good sci-fi/fantasy, w/
original plot lines like uploading a computer virus that
exploits a buffer overflow in BlackMonolithOS to access
supervisor mode and trigger the self-destruct sequence.
\_ why don't you just make up your own ending? Frank Herbert
is dead.
\_ These sequels are all about resurrecting
Paul, Baron Harkonnen, and Duncan Idaho the
universal super stud as gholas.
\_ What about Lady Jessica?
\_ why don't you just make up your own ending? Frank
Herbert is dead.
\_ Yeah, but supposedly his son discovered some old
outlines and extensive notes that Frank Herbert
was going to turn into this last Dune book. Frank
Herbert died before he got to it, but his son has
turned it into this new book. So at least the
basic plot outline is "authentic."
\_ THANK YOU for spilling this. I read three of Herbert Jr.'s
"prequels," and I was utterly dreading how he would end up
ruining his father's legacy further.
\_ But you read *three* of them anyway?
\_ Get the hell out of my store! Thank you, come again!
\_ They broke it down in three-book chunks for easier
assimilation. More than three books and I would have
stopped after the first one. Cf. Robert Jordan. |
| 2006/9/3-6 [Recreation/Sports] UID:44263 Activity:high |
9/3 Who did the worst job this past Saturday in Knoxville in front
of 107,000 people in the stands and millions watching on ESPN?
Jeff Tedford, head coach
Mike Dunbar, new offensive coordinator
Syd'Quan Thompson, redshirt freshman cornerback
Nate Longshore, starting quarterback
Cal offensive line
My vote is for Nate Longshore. What a letdown after months of
praying he'd save us from Joe Ayoob. Turns out that Ayoob
is actually better than Nate the Fake. When the worst starting
QB in Cal history is actually better than you, then that means
\_ Justin Vedder
\_ Justin Vedder threw for 20 TDs vs. 14
INTs with 56.7% completions; that
probably doesn't even put him in the
top 10 bad Cal QBs. Hint: History goes
back further than 1995. -tom
\_ No arm, no mobility, no decision-making
ability. He sucked.
\_ The claim was "worst starting QB in Cal
history." -tom
\_ Yup, thanks for playing.
\_ Ayoob last season was worse than
Vedder ever was. At least Vedder
could complete the 5-yard out
to Dameane Douglas. Ayoob
couldn't hit anything.
\_ On Saturday, Longshore made
Ayoob look like Joe Montana.
that you really suck, Nate.
\_ My vote is also for Nate Longshore. Just awful against Tennessee.
\_ My vote is also for Nate Longshore. Just terrible against UT.
He better step up, or it's going to be a long season.
\_ Go Steve Levy!
\_ The alumni and the administration for continuing to subsidise
football. We have failed. If I am ever rich enough to be an
influential doner, I'll donate matching funds in proportion to
\_ What's a "doner"? Is that like a boner?
influential donor, I'll donate matching funds in proportion to
money *cut* from the football program. University of Chicago has the
football program to which non-moron alumni should aspire.
\_ It was one game. Don't be a dipshit. -tom
\_ I vote for Syd'Quan Thompson. His performance was pitiful and
directly led to 2 Tennessee touchdowns which broke our backs.
Tennessee picked on him all game long because he showed he
wasn't ready for prime time.
\_ He was actually in position on both of those plays, but failed
to make the tackle. That's probably at least partly because
he's playing with a cast on one hand. -tom
\_ Failing to make a tackle is a pretty inexcusable defensive
mistake. As far as a cast goes, injuries are part of the
game. If the cast was going to impair his tackling to the
point that he was going to give up 2 TDs, then he should
have let the coaches know that so they could have left
him on the bench. Syd'Quan was awful. |