Posted by admin on 12 Jun 2008 8:59 am. Filed under
Personal Finance.
Smartass asked: Ok, so we know what are good investments, stock, housing, mutual funds, retirement. But where does most of our money go wasted? After eating and renting and gas, where do you see yourself, or most Americans waste money on?
Books? Movies? Junk food? Education they didn’t need? Travel? Timeshares? Certain bills? Excessive taxes?
I’m asking for two reasons, if I can know what people waste money on, I can avoid them. Secondly, if I can know what’s profitable and people are stupid enough to buy, why would I let it pass me?
Yes, I know “waste” is subject, but I think most people once in debt and need of money, would agree (in 20/20 hindsight) that lots of luxuries such as pets, cars, books, tipping waiters, eating out are things they ‘wasted’ and probably better spent if they saved it and prepared for times of unemployment or pay cuts.
Also, we have every right to say people are wasteful or stupid just a they have every right to ignore our opinion. Luckily from environments like these, we can remain anonymous and just tell stories (maybe even some fake ones) that can be advice or lesson to others.
Posted by admin on 10 Jun 2008 1:16 am. Filed under
Economics.
guillerminelgrande asked: Where can I find statistical data, from a reliable source, about how many households (I’m looking specifically for middle-class, but global stats would also do) have investments in the stock market?. I don’t mean trust funds or other “indirect” investments but people actually buying and trading stocks.
Posted by admin on 8 Jun 2008 9:10 pm. Filed under
Investing.
MoMo asked: Not to be all doom and gloom, but in my opinion, the writing is on the wall regarding the economy, the real estate and financial markets, and I am extremely worried about the future. So what are the best investments during serious recessions or even depressions or hyperinflation? I’m not simply talking about securing/holding onto current value, but to take advantage of the situation.
I.e., what were the best investments during the Great Depression? Gold? Other precious metals/natural resources?
Posted by admin on 8 Jun 2008 8:33 pm. Filed under
Small Business.
Hayden Q asked: I’m planning to start a graphic design and web development business in Dubai, UAE. Here in the UAE, you require an office to register a business name.
But I’m not exactly sure how investments work. Does the investor buy the office, equipment and softwares and I pay him a percentage of the profit for a couple of years?
Posted by admin on 8 Jun 2008 1:21 pm. Filed under
Investing.
snowbunny360 asked: Hi, I am a College Student in my 20s And I want to plan for my future NOW. I want to retire early ( like in 15-20 yrs) What type of Investments do I need to Make?? AND what type of Accounts do I need??
Posted by admin on 1 Jun 2008 10:20 am. Filed under
Investing.
deftonehead778 asked: A friend of mine was describing how he makes money doing investments a certain way. He said that he put some money in some account or something, and people will go somewhere and apply for some sort of loan. The financial place calls him up and tells him who is applying and what they are applying for and all that. He makes the decision on whether or not the loan should go through or not. He said that financial institution tells him how much of a risk the applicant is.
What kind of investing is this, and how would someone start doing that? What companies do I look for and so on.
Posted by admin on 1 Jun 2008 6:32 am. Filed under
Investing.
Answer asked: I am age 62 and taking out my 401K. I have the option to rollover a portion and take out a portion as cash.
What types of investments are considered “rollovers”.
Does the investment need to have IRA in the title? like IRA-CD or can it just be a CD or money market bank account?
