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re: If you had 5-10k to invest and you were in college now..
Posted on 4/3/13 at 9:44 pm to ThaBigFella
Posted on 4/3/13 at 9:44 pm to ThaBigFella
quote:
I dont know how other brokerages are but with E-trade I just buy, set on a drip and its just $7.99 one time fee and all additional shares added via the DRIP are free so thats awesome.....I hate how real DRIPs via the company charge you per share etc, its silly go with Etrade. Their mobile app is nice too
Wasn't aware of E-trade's DRIP (technically Synthetic DRIP) program, I'd need to look into the proverbial "terms and conditions"
before I set one up that way. But if true, it's a great deal. Trade King doesn't charges for shares purchased by reinvested dividends, but does charge normal trading fees for monthly contributions, true DRIPs just avoid broker fees. This post was edited on 4/3/13 at 9:59 pm
2
Posted on 4/4/13 at 10:42 am to Vols&Shaft83
tom how valuable is this $5K-10k to you.
1.Safe but great return - Phillip Morris, with a 3.5% yield today and 10% increase in yield every yr moving forward for the near future....this cigarette maker will prob be one of the top 5 stocks of the next 25 years if not #1
2.potentially unreal return w/lots of risk - AMAZON....2700x earnings price, unreal potential, if they put it together, could be the next wal mart and change the way retail does business
its you're choice do you want to invest $5k and go safe and steady or do you wanna swing for the fences? youre young i say buy 20 shares of amazon and go on about your life and if amazon does what i think it will.....youll jump for joy....
simply ask those around you, everyone seems to be using amazon more and more, nobody i know buys dvds,video games, computers from anywhere but.....you do the math....this will eventually boom it seems
1.Safe but great return - Phillip Morris, with a 3.5% yield today and 10% increase in yield every yr moving forward for the near future....this cigarette maker will prob be one of the top 5 stocks of the next 25 years if not #1
2.potentially unreal return w/lots of risk - AMAZON....2700x earnings price, unreal potential, if they put it together, could be the next wal mart and change the way retail does business
its you're choice do you want to invest $5k and go safe and steady or do you wanna swing for the fences? youre young i say buy 20 shares of amazon and go on about your life and if amazon does what i think it will.....youll jump for joy....
simply ask those around you, everyone seems to be using amazon more and more, nobody i know buys dvds,video games, computers from anywhere but.....you do the math....this will eventually boom it seems
Posted on 4/4/13 at 10:54 am to Vols&Shaft83
It depends on your objectives.
You can build some wealth by diversifying but the secret to becoming rich is being concentrated.
Most of the ultra wealthy of the world built it by being very concentrated (one company) and being right. Many more examples of being wrong than right obviously.
This is an article from NYU about not diversifying, pretty good read.
I think that NYU also had a class on this. The class focused on picking the one company you would invest in and diversification was a tool for those who already had wealth to manage risk. From what I read the class involved a ton of research into one company and if you lost everything by picking the wrong company it just made you a better investor because next time you would learn from the process and do better research. Seemed interesting.
You can build some wealth by diversifying but the secret to becoming rich is being concentrated.
Most of the ultra wealthy of the world built it by being very concentrated (one company) and being right. Many more examples of being wrong than right obviously.
This is an article from NYU about not diversifying, pretty good read.
I think that NYU also had a class on this. The class focused on picking the one company you would invest in and diversification was a tool for those who already had wealth to manage risk. From what I read the class involved a ton of research into one company and if you lost everything by picking the wrong company it just made you a better investor because next time you would learn from the process and do better research. Seemed interesting.
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