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Investing in the Stock Market (pg. 6)
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| OrZonE |
| quote: | Originally posted by metalgearsolid
You at leat need over 75k to put as down payment. |
There are many ways to get around a downpayment for a property. The easiest one is getting a 0-down mortage which are actually provided by some banks. I'm sure you have a local one that offers it. Mind you this is not for everyone, as you need to calculate that the potential passive income you'll get from your tenants will cover a specific (as determined by you) part of your mortgage.
Another way is to buy properties off investors, and have them sponsor you. There are many ways to negotiate this as well. An example would be to simply have the seller provide you w/ the downpayment whilist you sign over a certain % of your income from that property for a specific amount of time. If both of you have several properties the possibilities for negotiations open up.
So yeah, money down is not a requirement at all times. Just consider your options. |
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| jesteraver |
thats one thing i wish i invested in years ago...
currency trading, I for sure could of made a nice amount of money from that.
:mad: :mad: :mad:
So many other things I should of bought stocks of, oh well. There will be others. |
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| OrZonE |
| quote: | Originally posted by jesteraver
thats one thing i wish i invested in years ago...
currency trading, I for sure could of made a nice amount of money from that.
:mad: :mad: :mad:
So many other things I should of bought stocks of, oh well. There will be others. |
If we only knew which markets boom in advance, right? ;) |
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| jesteraver |
| quote: | Originally posted by OrZonE
If we only knew which markets boom in advance, right? ;) |
*builds time machine*
muhahaha bill gates move out of the way... ur billions wont match mine muhahahaha
:p |
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| kush paintings |
| I think Johnson and Johnson (JNJ) looks like a very attractive buy right now. If anybody would care to discuss/debate I would love to. |
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| Shakka |
Here you go MGS. Be careful with your ETQ. Up on a spike with this kind of stuff going on. You gotta be careful.
| quote: | May 2, 2006
Bolivian Nationalizes the Oil and Gas Sector
By PAULO PRADA
RIO DE JANEIRO, May 1 — President Evo Morales of Bolivia ordered the military to occupy energy fields around the country on Monday as he placed Bolivia's oil and gas reserves under state control.
Surrounded by soldiers at an oil field operated by the Brazilian energy giant Petróleo Brasileiro, or Petrobras, Mr. Morales ordered foreign producers to relinquish control of all fields and channel future sales of hydrocarbons through the state-owned energy company.
He gave foreign companies 180 days to renegotiate existing contracts with the government, or leave the country.
"The time has come, the awaited day, a historic day in which Bolivia retakes absolute control of our natural resources," Mr. Morales declared, according to The Associated Press. "The looting by the foreign companies has ended."
The decree is the latest step by Latin America governments from Venezuela to Ecuador to assert greater control over the energy sector, moves that have sent shivers through foreign producers.
Motivated by nationalist politics and soaring oil and gas prices, governments have seized an opportunity to gain higher revenues while parlaying their control over future energy supplies into greater political leverage, both at home and abroad.
"Governments in the region see energy as a commodity they can use to push populist agendas," said Adriano Pires, director of the Brazilian Center for Infrastructure Studies, an energy consultancy in Rio de Janeiro.
"From a political point of view, it's a powerful issue to manipulate, but from an industrial point of view, it can do real harm."
Mr. Morales's decree, in effect to nationalize Bolivia's energy industry, which includes the second-biggest gas reserves in Latin America after Venezuela, quickly added to the nervousness of foreign producers.
They said they would proceed with caution until the government clarified under what conditions it plans to renegotiate contracts.
"We're worried," said Begońa Elices, director of external relations in Madrid at Repsol YPF S.A., the Spanish oil company, the second biggest investor in Bolivia's gas sector. "There will be a lot of fine print to consider."
Petrobras, the biggest investor, with over $1 billion invested in Bolivia, criticized the government's "unilateral attitude" and said it would take whatever steps necessary to "protect the rights of the company" and guarantee Brazil's supply of gas, half of which comes from Bolivia.
The importance of Bolivian gas to Brazil — the largest market in the region — prompted concern even from President Luiz Inácio Lula da Silva, a leftist and former union leader who publicly hailed Mr. Morales's rise to power.
Mr. da Silva is to meet with José Gabrielli de Azevedo, chief executive at Petrobras, on Tuesday, along with senior officials from Brazil's Ministry of Mines and Energy.
The Bolivian announcement fulfilled a campaign pledge that helped Mr. Morales rise to power last December. It was foreshadowed last year when Bolivia approved a major increase in the royalties paid by foreign producers for the right to operate in the country.
In April, President Hugo Chávez of Venezuela, a mentor to Mr. Morales, seized two oil fields operated by the Total group, of France, and Ente Nazionale Idrocarburi, of Italy, because they were unwilling to give more control of their operations to Petróleos de Venezuela, the state-run energy giant.
But Mr. Morales's step on Monday was the most assertive yet, and many industry observers feared such moves would scare away investors and jeopardize the region's economies.
"This isn't like Saudi Arabia, which over the years has developed a know-how to dominate the industry independently," said Gal Luft, co-director of the Institute for the Analysis of Global Security, a consultancy in Washington that studies energy issues.
"When you cause problems for foreign investors, you cause problems for those who know how to create and develop the industry."
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| metalgearsolid |
| today was a real bad day. $3,125 and one of my comanies went bankrupt so I lost $700. man the worse thing is ETRADE won't let me ing sell they allowed me to buy but I can't sell. ******s. |
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| Shakka |
I don't know that COLT went bankrupt, though it certainly doesn't sound like positive news (getting delisted). Reading through, it sounds like they want to get everyone who holds their stock to sell it back to them or something. It doesn't sound like you have a zero on your hands, though it certainly doesn't sound great either. The stock will likely change tickers or something and you should be able to get back in there and sell 'em out. The market is a bitch.
At least you don't own THLD. Down 75% after the close! |
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| Sunflower |
| I just had a chat with my barber and she also works at Publix. Publix stock went up 20-30 dollars this year and she's getting dividends of I believe 1900 dollars. Not too bad :) |
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| Choobak |
| quote: | Originally posted by pkcRAISTLIN
property > stock market.
you need to have a whole lot to invest to make anywhere near the same amount of money. whereas a bank will lend you the money to buy property a whole lot easier ;) investing $4000 in the stock market is a pointless exercise (unless you have some hot inside information). you might as well play lotto.
metalgear is correct in that you want stocks that will grow; however property always grows. for example, a family home 30 years ago cost an average of $37,000 in my city. those houses are now selling for $350,000 or so.
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I'd like to point out that if you bought a house for $37,000 30 years ago and it's worth $350,000 now, your annual rate of return for the house was about 7.75% - below the annual total rate of return of the S&P500 in the same time period which was about 10%. And if you think that's a small difference, you'd have about $600,000 today if you had put your money in the market - thanks to the power of compounding.
$600,000 > $350,000
stock market > property
In addition, you'd have been paying property taxes on the house along with a capital gains tax if you were to sell it, which would be more than the capital gains and dividend taxes that you'd have paid on your stock market investment. |
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| Shakka |
| quote: | Originally posted by Choobak
I'd like to point out that if you bought a house for $37,000 30 years ago and it's worth $350,000 now, your annual rate of return for the house was about 7.75% - below the total annual rate of return of the S&P500 in the same time period which was about 10%. And if you think that's a small difference, you'd have about $600,000 if you had put your money in the market - thanks to the power of compounding.
$600,000 > $350,000
stock market > property
In addition, you'd have been paying property taxes on the house along with a capital gains tax if you were to sell it, which would be more than the capital gains and dividend taxes that you'd have paid on your stock market investment. |
That is a completely true statement.
Assuming you were invested in the right stocks such that your overall performance mirrored that of the entire index! You probably would've had much less volatility in your investment with the house, but that's just one difference between the two.
Also, a lot of the taxes on the house could be avoided/deferred depending on what was done with the proceeds.;) |
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| Choobak |
| quote: | Originally posted by metalgearsolid
Symbol
Current
Price Change
$ %
Day's
Gain Qty Price Paid Total Gain
$ %
Market Val Edit
CDE Buy / Sell 6.98 0.37 5.60% $37.00 100 $6.93 -$7.99 -1.13% $698.00 Edit
COLT Buy / Sell 5.05 0.01 0.20% $1.00 100 $5.0399 -$11.98 -2.32% $505.00 Edit
ETQ Buy / Sell 6.62 0.12 1.85% $12.00 100 $6.59 -$9.99 -1.49% $662.00 Edit
FRG Buy / Sell 6.35 0.36 6.01% $36.00 100 $6.70 -$47.99 -7.03% $635.00 Edit
JAX Buy / Sell 8.45 0.19 2.30% $0.95 5 $8.25 -$11.99 -22.11% $42.25 Edit
SMXC Buy / Sell 9.71 0.15 1.57% $6.00 40 $10.37 -$39.39 -9.21% $388.40 Edit
VDSI Buy / Sell 9.36 0.36 4.00% $36.00 100 $9.1999 $3.02 0.32% $936.00 Edit
Cash 7.04 $7.04
Totals $128.95 $4,000.00 -$126.31 -3.16% $3,873.69
I know thats hard to read but you see my net worth is 3,873.69 Today I had 128.95 today but in order to start making money i need to get passed 126.31. I hope by 2-3wks I will start earning money.
Hey Shakka is etrade to expensive? Which discount broker do you think I should have chosen? |
I'm looking at your positions and was wondering how much you are paying for trades. If you are paying $10/trade, I don't understand why you would open up small positions like the ones you have in JAX and SMXC. Your trading costs on the JAX trade alone mean you're not going to see profit on that trade unless the stock gains 50%. On your SMXC trade you won't see profits until the stock gains 6%.
I pay $10/trade myself and I generally don't enter equity positions smaller than $1500. |
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