Investment talk--

[LargestGnome]

Hello everyone- this appears to be the only place a topic of this caliber may be suited - as the rules only say no troll topics and to keep it real.

So- a little rambling first;

My name is Tyler. I am 21 and recently in Feburary moved home for work at a refinery where pay varies from $550-$1550 take home a week. I paid off my $11,000 in debt I had in full from the last for years of denial in Seattle. Plus I built a computer and a sub stage for my vehicle.

Now After all my pay offs I am looking to further my wealth.

By new year I should have an exessive USD amount of nearly $6,000. I know this isn't much but from the books I've read on wealth management it appears time is your biggest asset of wealth. I am apart of many forums and drop this topic on them all in hopes to find a "golden" answer although, it's not that easy. I am starting a new career come new year that will give me a pay cut back to $14.85 an hour but working back to $31.86 over five years of hours. (Obtainable in three with all the overtime I work)

So- I have begun gathering thoughts and ideas from the general public. All ideas have a value. If I were to save through next year I'd be able to obtain nearly $20,000 in savings I'd imagine by end of 2016 as all debt have been paid and my spending is nearly nothing now.

I suppose I was hoping to hear some cool Tech sided investments.

I've seen topics of people randomly saying "should I open a server? I heard its good money"

I'm not looking for anything so cut- I am of course willing to do my research- just looking for recommendations on good links/books/papers... Really any media.

Thanks to anyone willing to point a finger for me,

As long as it's not the middle.

Cheers!

[Samfisher]

Use the money on self-improvement to get a higher paying job.  At this stage of your life, learning capabilities are at it's peak and the vast sources of knowledge out there make it ever the easier to learn new skills or to upgrade existing ones.

[babadoctor]

Use the money on self-improvement to get a higher paying job.  At this stage of your life, learning capabilities are at it's peak and the vast sources of knowledge out there make it ever the easier to learn new skills or to upgrade existing ones.

BUY APPLE

BUY BUY BUY

it doesnt matter if you hate apple

the stock is growing up so fast

just buy a shitton of apple

[LargestGnome]

Use the money on self-improvement to get a higher paying job. At this stage of your life, learning capabilities are at it's peak and the vast sources of knowledge out there make it ever the easier to learn new skills or to upgrade existing ones.

This seems to be a general idea-

Typical classroom enviorments are far from my choosing.

As mentioned by roughly age 24 I will be at a secured 64,000 a year. Before overtime- and there is lots of overtime. It's what my father does and he's averaged $94,000 a year over the last five years.

Obviously one has to counter in when does money counter value time itself

What new skills are you speaking of?

I've been programming since 13 with C++ mainly and Java.. I once enrolled in courses to pursue it on a daily desk job level.. But realized I may want to keep it more on a hobbiest level

The idea of showing up to a Microsoft cubicle every day for 49 years killed me.

I knew a man in Seattle who worked for Ms for 6 years before moving to Freelance work..

He does well... Works from home.. Claims to clear 100 a year.. Hell.. Even if he gets stressed flys to a beach and hangs out as long as he wants...his laptop is all he truly needs to work.

[Samfisher]

This seems to be a general idea-

Typical classroom enviorments are far from my choosing.

As mentioned by roughly age 24 I will be at a secured 64,000 a year. Before overtime- and there is lots of overtime. It's what my father does and he's averaged $94,000 a year over the last five years.

Obviously one has to counter in when does money counter value time itself

What new skills are you speaking of?

I've been programming since 13 with C++ mainly and Java.. I once enrolled in courses to pursue it on a daily desk job level.. But realized I may want to keep it more on a hobbiest level

Many IT certifications can be done online, really depends what kind of job you're at now/future and whether any of this will help at all.

[Unhelpful]

BUY APPLE

BUY BUY BUY

it doesnt matter if you hate apple

the stock is growing up so fast

just buy a shitton of apple

 

Few years late on that.

 

Still not necessarily a bad idea.

[thatguyyouknow75]

Do yourself a huge favor and open a Roth ira. It is the best investment you can make because it will generate copious amounts of interest over the course of several decades, all of which is tax free

[LargestGnome]

Many IT certifications can be done online, really depends what kind of job you're at now/future and whether any of this will help at all.

I swore in Construction/industrial - so no, it wouldn't in my current sense, I was speaking more of side work/projects to put my money to use.

I have the Cisco CCNET book I had picked up for $40 at Barnes.. CCNET and another certificate it covers. I forget.

But this is a full time job and the numbers behind it aren't there.. I saw reports of being a high end maxed cert in security or any branch of choice proving to have huge lively hood.

But also saw the real world time requirement to get there

[babadoctor]

 

Few years late on that.

 

Still not necessarily a bad idea.

Late?

i think that right now it is really low for what it is...

it was at 125 a couple weeks ago, and about a month and a half ago it was at 100$ per share...

 

it is a really good idea to invest right now while it is at 112. You can gain money, and to be honest i have gained a lot of income that way.( i bought apple 5 years ago, and now its at 112. It influxes a lot)

[LargestGnome]

Do yourself a huge favor and open a Roth ira. It is the best investment you can make because it will generate copious amounts of interest over the course of several decades, all of which is tax free

I will be working for IBEW and they use Roth IRA

I will be following my fathers foot steps and putting maxed matches in.

I believe they match $4.50 an hour.

He had mentioned even though he had started late at age 34 he would still manage to pull a value of nearly 1.25million in the IRA if he works til full age.

[SirNumbers]

BUY APPLE

BUY BUY BUY

it doesnt matter if you hate apple

the stock is growing up so fast

just buy a shitton of apple

Bad idea imo

[babadoctor]

Bad idea imo

thanks for sending me a tie bro

[SirNumbers]

Start a IRA on investing in a S&P 500 index, 100 dollars per month for 40 years and you'll have a million dollars. Never invest in a single stock those are unssfe and a bad decision. Indexes such as they Dow Jones and S&P 500 follow the world's larges companies and grow with them.

[LargestGnome]

Late?

i think that right now it is really low for what it is...

it was at 125 a couple weeks ago, and about a month and a half ago it was at 100$ per share...

it is a really good idea to invest right now while it is at 112. You can gain money, and to be honest i have gained a lot of income that way.( i bought apple 5 years ago, and now its at 112. It influxes a lot)

Surprisingly enough, a game I had played (being Runescape) taught me a lot about graphs.

I used to make in game via a system they have called the Grand Exhange. They offer charts of the 3years - hourly variety. I had accumulated massive amounts of wealth in this game by reading charts and choosing when to buy/sell/trade. So much so I made my first $1,000 in 7th grade selling gold.

Be it against there ToS... But hey.

I had in years followed read a handful of books on Day trading mostly and even givin myself Monopoly money and tracked my Purse via spreadsheet at the end of days.

It was a fun game.

Although I read countless articles of huge tycoon companies with very advanced programs housing algorithms I couldn't even begin to picture for millisecond trades. In and out.

More so or less destroying the average day trader market

[SirNumbers]

Over the last 80 years the SMP 500 has grown 12% on average, use a compound interest calculator to see how much you earn in compound interest over a given amount of time correlated to how much money you put in

[LargestGnome]

%12 a year?

[LargestGnome]

%12 over 80 years?

[SirNumbers]

%12 a year?

Yea on average

[SirNumbers]

High 34.11%

Low −38.47%

Median 12.64%

Per year since 1920

[LargestGnome]

on $200 a month- who can't afford $200 a month.

 

$930,000 at $100

 

 

Well, I do suppose something like that along with putting $4.50 hourly into a Roth would obviously result in comfort in the long run... assuming all values hold.

[SirNumbers]

on $200 a month- who can't afford $200 a month.

Yea but a lot of people don't even think about saving for retirement

But that's accurate

[SirNumbers]

Plus you only putting in about 40 grand

[SirNumbers]

Do the math on if you want a Roth or regular Ira, in Roth the money you invest right now is tax deductable but you have to pay the tax when you take it out, in regular you pay tax now and no tax when you take it out, so see when you'd be paying most taxes

[Fred Castellum]

@Vitalius you have no wise words for this investor new blood?

 

Alrighty OP former Day Trader here. I have some questions for you first, how patient are you? The stock market is in a funny state right now due to fears of a Fed rate-hike, entry will have to be cautious. Aim for commodities and government funds.

 

Never invest all your capital into one thing, diversify that portfolio! You will want to mitigate potential damage if things go bad. 

 

BUY APPLE

BUY BUY BUY

it doesnt matter if you hate apple

the stock is growing up so fast

just buy a shitton of apple

Do not buy apple LOL.... 

 

Apple is a hype buy, that moves on news and investor greed or fear. It's per share price isn't easy to make quick swing trade profits either.

[SirNumbers]

@Vitalius you have no wise words for this investor new blood?

Alrighty OP former Day Trader here. I have some questions for you first, how patient are you? The stock market is in a funny state right now due to fears of a Fed rate-hike, entry will have to be cautious. Aim for commodities and government funds.

Never invest all your capital into one thing, diversify that portfolio! You will want to mitigate potential damage if things go bad.

Do not buy apple LOL....

Apple is a hype buy, that moves on news and investor greed or fear. It's per share price isn't easy to make quick swing trade profits either.

How was day trading? And why did you stop?