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Message
$5000 to invest...
Posted on 6/24/13 at 2:57 pm
Posted on 6/24/13 at 2:57 pm
What would be the best course of action to investing $5000? Stocks? Real estate? Does anyone have any tips or suggestions on what they did to acquire assets?
5
Posted on 6/24/13 at 2:59 pm to 1860pissed
Read the "Is it time to buy?" thread.
Very good info there.
Very good info there.
Posted on 6/24/13 at 3:01 pm to fishfighter
Thanks, I've read through all.. but it is kind of over my head. 
Posted on 6/24/13 at 3:03 pm to 1860pissed
Like what? Get in there and just ask. All have to learn some day.
Posted on 6/24/13 at 3:03 pm to 1860pissed
I don't really give investment advice, but the next response will be something like...
Sooooo I guess since I already said it, you should probably respond or update the OP.
quote:
give us more info than that... age? goals? other investments already? rainy day fund?, etc. etc.
Sooooo I guess since I already said it, you should probably respond or update the OP.
Posted on 6/24/13 at 3:04 pm to fishfighter
Yeah, that's true. I guess I just need to find a good place to start and go from there.
Posted on 6/24/13 at 3:09 pm to 1860pissed
- Phillip Morris - signed, TheBigFella
but in all seriousness. really just depends any number of variables. what is already in the portfolio, blah blah blah
strictly speaking, if it was like $5000 standalone to start investing, i would assume the person is young, i would assume that the holding period is very long term, I'd do stock
but in all seriousness. really just depends any number of variables. what is already in the portfolio, blah blah blah
strictly speaking, if it was like $5000 standalone to start investing, i would assume the person is young, i would assume that the holding period is very long term, I'd do stock
Posted on 6/24/13 at 3:11 pm to 1860pissed
assuming you're young. definitely go stock.
now from there, there's lots of things you could do
now from there, there's lots of things you could do
Posted on 6/24/13 at 3:14 pm to 1860pissed
LDL BR with the first $500. They'll cover your losses for a new club member. Better deal than Phillip Morris is offering at present.
Posted on 6/24/13 at 3:15 pm to iknowmorethanyou
21 so I would qualify as young
What is LDL BR?
What is LDL BR?
Posted on 6/24/13 at 3:20 pm to 1860pissed
quote:
- Phillip Morris - signed, TheBigFella
Eh I said in one of my threads, if i was younger, I'd go for Visa. I just dont have 20 years to wait for it, but I do believe over the next 20 years, no investment will do better than Visa, Phillip Morris Included. This is from a growth and dividend growth perspective, their balance sheet indicates a near 80% profit margin, that is truly insane. They are a no credit risk play, they literally just make percentage points per swipe its ridiculous thats why they're being sued now by that group of major retailers.
PM will be close in my book with the dividend factored in, but with my goal of retiring off dividends within a decade, PM suits my needs perfectly. I said if I was young and could wait, Visa would be my pick all day. 80% of the world is still on cash and inflation every year means more fees per swipe. It's a slam dunk in my book for those who can wait.
This post was edited on 6/24/13 at 3:23 pm
Posted on 6/24/13 at 3:22 pm to 1860pissed
Go to some auctions in your area and buy stuff cheap. You obviously need to do your home work but a 100 percent return in a few months is easily obtainable
Posted on 6/24/13 at 3:23 pm to ThaBigFella
quote:
80% of the world is still on cash
quote:
Visa
India, China, south America
I could see it being big
Posted on 6/24/13 at 3:23 pm to ThaBigFella
So let's say I decided to go the Visa route. Do I invest all $5000 in Visa stock and then reinvest the income back into Visa? Which companies are good for buying stock through?
Posted on 6/24/13 at 3:25 pm to 1860pissed
haha no no, dont take my advice, do your own research, im just saying southernelite quoted me on something.
China actually has their own credit card company i think unionpay or something? forgot the name but india, yes I read there are 20M retailers and something like 70,000 or 700,000 credit card points of sale, there will be lots of growth all over the world and the credit risk sits with the issuing banks.
The real driver will be inflation in my book, visa operates in every business you see around you. My small chain did near $16M in sales on credit cards, now that's not anywhere near my profit, but my merchant fees on that was near $250,000 total in 2012. That means credit card companies made $20,000/month off my 4 gas stations, do you know how many other businesses are out there? Every uptick in price is more money for them. Grocery prices,gas prices, a shift to amazon.com and all the other online retailers is very beneficial to these companies. Even those prepaid cards poor people use like rush card, those are visa cards.
I thinkI read its something like 36 Million locations on earth accept visa as of this year, thats truly a drop in the bucket.
The potential is there for a true monster, but with a .73% yield, I don't have the timeframe to await its growth.
quote:
India, China, south America
I could see it being big
China actually has their own credit card company i think unionpay or something? forgot the name but india, yes I read there are 20M retailers and something like 70,000 or 700,000 credit card points of sale, there will be lots of growth all over the world and the credit risk sits with the issuing banks.
The real driver will be inflation in my book, visa operates in every business you see around you. My small chain did near $16M in sales on credit cards, now that's not anywhere near my profit, but my merchant fees on that was near $250,000 total in 2012. That means credit card companies made $20,000/month off my 4 gas stations, do you know how many other businesses are out there? Every uptick in price is more money for them. Grocery prices,gas prices, a shift to amazon.com and all the other online retailers is very beneficial to these companies. Even those prepaid cards poor people use like rush card, those are visa cards.
I thinkI read its something like 36 Million locations on earth accept visa as of this year, thats truly a drop in the bucket.
The potential is there for a true monster, but with a .73% yield, I don't have the timeframe to await its growth.
This post was edited on 6/24/13 at 3:33 pm
Posted on 6/24/13 at 3:28 pm to ThaBigFella
I understand. I have been/will continue to do my own research as well. Never hurts to ask advice of people who have done it before.
Posted on 6/24/13 at 3:38 pm to 1860pissed
Being 21 also, I'd say stocks if you must invest. However, 21 and I assume still in college or recent grad I'd advise you to keep it liquid and just put it in a savings account. Unless you've got a bunch of other money or a solid income, you're probably going to want that money to be liquid for the near future.
Posted on 6/24/13 at 3:40 pm to 1860pissed
If this is your first dip into investing, I would suggest buying several stocks for more diversification. Watch and learn from how these stocks fluctuate in price. This will help you make better decisions in the future.
LGF, SIRI, HBAN are positions im looking to add to within the next few days.
LGF, SIRI, HBAN are positions im looking to add to within the next few days.
Posted on 6/24/13 at 3:41 pm to yellowhammer2098
Yea, how much is this $5000 to you? All of your savings? Half? That would help decide as well
Posted on 6/24/13 at 3:41 pm to yellowhammer2098
I have a solid income plus savings so this money is kind of just sitting there in a savings account that gets .0001% interest or whatever it is, which is why I would like to move it out of there and start making money from money.
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