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Your Ride: '00 540/6 Dinan S2(sold), '90 525i/5, '01 Audi S4
ok the money question
Everybody wants to earn money. Or make money from some of the money they DO have. I'm the latter and I am questioning how to go about stocks, bonds, etc. Anybody have any experience in this area? Any tips from the pros here? Consider me a newb.
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Member of the Spririted Driver Club.
Your Ride: 1991 318is (e30 m42), 2007 Mazdaspeed 3
Its too bad Storamin is gone, he would be a good source of info. From what I know a s+p 500 fund usually does fairly well thats not to say you can't loose money. They over history tend to perform pretty well and have low fees asociated since they dont really need to be managed. With anything don't expect results overnight. There are probably some other good options out there if you wanna start saving for retirement allready look into an IRA (compounding interest is a good friend to have). I dont really have any other advise at the moment, If i knew more about this and did some more of it myself I would have more to offer.
Diversify -- put some money into an online high-yiled savings account, get a Roth IRA, and look into mutual funds. Take into consideration the stcok market works best for those interested in making money in the long run.
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Your Ride: '00 540/6 Dinan S2(sold), '90 525i/5, '01 Audi S4
Okay a few of you guys are ahead of me already. Online high-yield savings account... Where the hell do I find one of those?? lol told ya Im a newb when it comes to this!! Not my are of study! BUt would like to know about it all.
Seems like it would be a pretty smart move. For the long term at least. I just finished reading this thread: http://www.unitedbimmer.com/forums/u...get-money.html and it seems pretty interesting about the whole real estate deal. I have personally heard from a guy who does this and he told me its an easy test, easy to get into, and you make a LOT of money. I know he does!
__________________
...let's go to the highway!
Member of the Spririted Driver Club.
Okay a few of you guys are ahead of me already. Online high-yield savings account... Where the hell do I find one of those?? lol told ya Im a newb when it comes to this!! Not my are of study! BUt would like to know about it all.
ING direct FTW - www.ingdirect.com online saaaavings account paying 4+% - CDs 5+% and they're GREAT to deal with.
07-31-2006, 07:12 PM
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