Does anyone invest?
miller8966
Posts: 1,450
Im recently gotten into making a few investments. Besides my 401 k i have a Roth Ira with oppenheimer and a 1000 5 month cd from the bank. Im looking to make some other investments ( maybe with fidelity) and am just wondering if anyone here has any experience in the field.
Currently im reading : rich dad poor dad...good book by the way.
Currently im reading : rich dad poor dad...good book by the way.
America...the greatest Country in the world.
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I have some money tied up in investments. 401(k), mutual funds, and some blue chips. I don't really play the market, I'm in it for the long haul. Most of the blue chips I own aresimply becausethe company I was working for at the time offered the stock to their employees (MetLife, Pfizer, Omnicom, and Publicis Groupe).
I hear that's a great book.
Yea it is...especially when he talks about how people just invest in their 401 k's and make no other investments.
And the difference between dc and db contributions.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Why?
the best investment going is land. second is gold. with solar technology; rural land is good. especially large parcels which can be divided. land i bought at $500 USD/acre last april is now worth almost $3,000/acre. gold is good to have; especially if you need to disappear. (it's no crime to disappear). you can sell it almost anywhere. don't buy the jewelry because you're paying for labor and craftsmanship. coins and ingots are best. i live in an area where gold is easily found in streams and dry washes. nature walks can be quite profitable.
Well I purchased Pfizer about 7 years ago for $36 a share. About a year after I purchased it the stock under went a 3 for 1 split. So I tripled the amount of shares I owned and I'm still up a shit load on it. I will die owning that stock.
my grandfather bought walgreens stock the day it opened. thousands of shares to be sure. it brought him millions. but i don't trust the market in these times. over the last 30 years machines have replaced people in almost every occupation. machines are basically more reliable. with robotics coming in at a fast pace; people won't have money to buy products. when a company can't sell it's products; it folds.
I know Pfizer is having a hard time now, but the same thing happened prior to their launch of Viagra and Lipitor. Pharmacuetical companiesarea great stock to own simply because people will always need medications.
why do we always disagree? i actually like you! chemical companies mostly try to reproduce compounds found in nature. scientists are trying to reproduce the CLAs found in bison meat to cure cancer. the difference is a pill can be regulated to a more precise dose.
the US will have to move towards socialized medicine. in countries with socialized medicine; medicine is much cheaper. then we have generic drugs which most people prefer.
EV
When and if the US ever decided to move to socialized medicine, which I do hope for, I will unload my Pfizer stock. I don't agree with everything that Pfizer does but unfortunetly I have to be concerned about my retirement. I can't depend on Social Security like previous generations where able to do. I need to save upfor my retirement so I will not have to make the difficult decision between eating or shelter. The stock hasbeen doing good for me and until I see otherwise I will keep it regardless of the way I feel about the pharmaceutical industry.
hey; we agree!!! social security is enough to starve slower. i'll probably dump the inherited walgreens stock at the first workable socialized medicine plan though. with walmart offering $4.00 Rx's; i see the chemical companies needing to move in a different direction.
I had someone mention ETFs to me recently as well. In the little bit I looked into them, they didn't seem to be for me, but my research was hardly exhaustive.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
http://www.google.com
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
that's funny. i like that.
Two great sites. Just curious, Why? wouldn't they be for you. The only drawback to them is their inability to dollar cost average (invest monthly sytematically).
EV
But you live nowhere?
those aren't investments they are savings plans.
yea but savings can go down the shitter..so you have to invest your savings.
since you asked; i live on a buffalo ranch in the rocky mtns. my power is solar; my internet and tv is satellite (hughes.net). never fought a bear but had some run ins with rattlesnakes and almost a mtn lion.
my goal is in medical research as the cures for several diseases are found in buffalo. before i die i hope to own the biggest bison herd in the world and maybe get the nobel peace prize for my research in finding a cure for cancer. a buffalo must be "raised in the wild" to have the full medical value (such as the amount of CLA found in the meat) and the industry is now raising them like cattle because it brings higher profits in a shorter time. this greatly lowers the medicinal benefits and you; the consumer; are paying higher prices for health benefits you are not receiving. for example; if you've ever had a buffalo burger; beef suet was added unless you bought (or the store/resturant) it from me.
if you're still confused i'll gladly discuss this further.
buy some no-load index funds, like vanguard or dfa, that mimic the various world markets. not many investors or investment managers can consistently beat the market, so why pay someone to fail when you can invest and track the market for relatively no cost?
that's why i said invest in land. a person buying a large amount of land can sell parcels or blocks of land for developement later in life and always make enough to live on. land that sold for under $50.00/acre here in the late '70's is worth $3000.00 now. and this is basically worthless high desert unless you raise cattle or buffalo. yet 40 acre and smaller parcels sell like hotcakes.
while real estate is not a bad investment, it doesn't give you enough diversification and it can be highly illiquid.
equity markets outperform real estate over the long haul anyway. you should never put all your investments in one place, even if its land as you suggested.
i can agree with that. i guess i have a knack for picking what realestate will be the next to skyrocket. i'm about to make 6 times what i paid for property bought last april (2006). i bought this property based on the current trend in/near L.A. and looked where people were moving to.
do you 1031 exchange your properties or do you just take the gains and pay the taxes? doing a 1031 can be a good way to defer taxes on the properties you are buying and selling.