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OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING?

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forklift

08-25-2006 17:53:11




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First of all I will take any info with a grain of salt and not tell this person to put all there eggs in one basket. LOL I know there are a lot of very smart people in here on this board and I will bet some even have some extra dough ra me lying around. Is there any kind of investments or saving plans where one could put about 50K and not worry about loosing it? and actually make a little. I was thinking that if one paid off there mortgage of 8% that they would be a pretty good return but does anyone know of anything better out there. Had a close family member thats recently widowed asking me .Heck I dont know anything about the subject. Or how about any web sites that may exsplain investments. FORKLIFT

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GA Dave

08-26-2006 21:16:09




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
Brainerd Dave hit the nail on the head. Nuff said. Really enjoy this forum and all are good guys and gals. Just a few are lost in cyberspace. Thanks to all GA Dave.



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brainerd dave

08-26-2006 13:30:20




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
Would you ask an investment banker about tractor restoration?
Just read a huge thread on the possible negative effects of taking advice given around here as gospel, and brother, this topic certainly qualifies. Seriously, go to a qualified investment counselor and ask your questions.



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Janicholson

08-26-2006 10:44:24




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
!/3 the money in conservative stable corps.
one third in mutual funds (shop these)
one third in modest risk (but higher growth) more volitile stocks. Use a system that does not cause you to look at the daily reports, if your tactic needs that attention, you are into too much risk. Do a good job and adjust every 6 months or year. JimN



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moseed

08-26-2006 09:52:40




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
Lots of smarties here alright, just the place I would come to for investment advice. Welcome to the club, your obviously a tractor guy!



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trw

08-26-2006 07:07:39




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
If I had any extra money, which I probably never will, I would buy gold or silver. I would want the actual product, not a piece of paper saying that I owned it. I believe that would be a sound investment. But I also thought my wheat, that I combined in the middle of July, would increase in value!!



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steveormary

08-26-2006 06:31:47




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
Anybody got twenty thou. The company can get you a 10% return on a monthly basis.

Otherwise buy land.

steveormary



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El Toro

08-26-2006 08:51:21




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to steveormary, 08-26-2006 06:31:47  
How safe is that 10% return? Hal



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steveormary

08-26-2006 18:38:05




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to El Toro, 08-26-2006 08:51:21  
Hal,I will find out more tonight and let you know by tomorrow sometime.

steveormary



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El Toro

08-26-2006 18:51:39




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to steveormary, 08-26-2006 18:38:05  
Thanks, Hal



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steveormary

08-26-2006 18:38:03




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to El Toro, 08-26-2006 08:51:21  
Hal,I will find out more tonight and let you know by tomorrow sometime.

steveormary



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old_bc

08-25-2006 22:17:26




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
An S & P indexed annuity is the best thing I have right now.

old_bc



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GA Dave

08-25-2006 21:14:45




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
If I had 50k to invest I would buy 50 tractors at the price of the one I bought. Borrow a lot of money, at least twice what you would think you needed. Put a lot of hard work in them and borrow more money to finish them up. Buy lots of newspaper ads or put them on e-bay and ask your own price ( labor included). How did I get on this other forum about investing? I just had to add my $00.02 worth. Is it HAR HAR or LOL or ROF? Wrong forum? Did I hit the wrong key? BTW I'd like to get a USDA intrest free loan to finish up my project. GA Dave.

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Bill in NC

08-25-2006 20:43:18




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
1. You should read or listen (CD) to "Buffettology" by Mary Buffett and David Clark. Is a paperback book. Best investing book I've read and I've read over 50 books in this area. Mary Buffett is Warren Buffett's former daughter-in-law.
2. I don't recommend mutual funds because they charge fees. You may not see the fees but they are taken out of the profits or your investment should the mutual fund have a year when it does not make a profit. I prefer to buy and hold stocks. Sometimes it takes a year or two to find a good investment.
3. Don't be in a hurry. Read your local paper, look at local companies that are traded on the stock market (banks, manufacturers, real estate management companies, etc.). Sometimes the best investments are headquartered in your own state.
4. Look at dividend paying stocks. Most folks getting up in years want income and invest in dividend paying stocks such as utilities (water, electric, natural gas, telephone companies). Write, email or call the companies and get an annual report. After reading "Buffettology" try looking at the accounting numbers on the annual report. You can also get 10-Q (quarterly) financial reports off the Internet from clicking on a stock symbol on Yahoo finance. This information is free and open to everybody.
5. Buy good companies when they are cheap. There is an old expression: "buy when there is blood in the streets". In other words, when every body is sick and tired of a stock, have lost money in the stock and yet the company is still a good company - that is the time to buy the stock. Some oldtimers here on the board will remember the stock market "crash" of October 1987. Stocks dropped something like 20% in one day and kept dropping for another couple of days. Some reporter asked Sam Walton how he felt about losing something like a billion dollars in his personal Wal-Mart stock valuation. Sam looked at the reporter and said: "Hey, it is just a paper valuation. Our stores are still open, people are still shopping and nothing different has changed in our business." Two years later his net worth was twice what it was in 1987. In other words, sometimes good companies are worth a lot more than what the stock market is valuing their stock. One example happening right now is Warren Buffett's company - Berkshire Hathaway. It owns Justin boots, Clayton and Oakwood Homes, Shaw carpets, Benjamin Moore paints, Geico Insurance and lots of other cash-producing companies. Many smart people think the company selling at a 30% discount. On the other hand, there are many companies that I feel are selling at 20% over their true value. If you buy an over-valued company, you can lose your shirt when the stock's price falls back to a proper valuation (when it loses the 20% over valuation premium). The market is fickle. Investors get scared and sell their stock. Other investors see their stock price fall and then they get scared, too. So they sell their stock and pretty soon the stock's price has fallen considerably. If it is a good company and you have studied the company and feel it is unfairly valued, it can be a good time to purchase.

6. Think about investing just as if your next door neighbor visited with you and told you he wanted to sell his farm to you. As a farmer, you'd likely know what the property is worth and what kind of income you could likely make from his property. The same evaluation principles apply to buying stock. Always be cautious and pay only what it is worth. Be careful of a stock that has a high price to earnings ratio. The Buffettology book will explain how this works.

7. If patience and research are not for you, investing in stocks will not be a good choice. Whatever you do, don't act on "hot" tips from friends, stockbrokers, or any jerk that calls you on the phone. It is better to hold on to your hard earned money and put it into bank CDs than to act impulsively on other folks suggestions.

Read "Buffettology". You will be a better judge of land values, business values and other things relating the financial world all around us.
Good Luck,
Bill in NC

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Jim in NC

08-25-2006 19:19:49




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
You can learn to do it yourself. Go to your public library and look through financial magazines. I take only one, Kiplinger's. Learn the different investment tyoes and how they work to see what may be the best for you. Talk to your friends about it and see if they can recommend someone for you to talk with. A fee- only financial planner, one who charges for his time may be a good way to go to get ideas. Most of them do not sell investments. There are plenty of good no-load(no sales charge) mutual funds out there. The brokerage firms and stockbrokers won't tell you about these because they can't sell them and make a commission. There are companies that will let you set up accounts with little or no expense. Your bank, if you use one, probably offers investment services. You can always get info from these folks and see what they offer and suggest for you. You can use these sessions as learnig experiences. You do not have to set up accounts with them. If you have to start with a small amount of money, they probably will not want your business anyway. I think there are still some mutual fund companies that will let you open an account if you will let them withdraw $50 a month fron a bank account. In this field, the more knowledge you have will benefit you greatly. I started looking into this about 20 years ago. I told the wife that we had to do something for our future other than cds and savings accounts. WE could not depend on them and social security. If a broker approaches you with a really hot investment, ask he/she if they own it. If not, walk away. I do not like insurance company sold investments. The fees are high compared to many mutual funds and the rewards are not as good. If you need insurance, buy term life. You need to consider tax consequences when making an investment. Some gains will be taxed as income while some will have capital gain rates which are often lower. Sorry this is so long, but you have to be willing to take some risk to be rewarded. The more knowledge you have, the more you can protect yourself. Yes, I have messed up and I have picked some good ones. I am still ahead of the banks. Sorry this is so long. There is plenty of info out there. Best of luck!

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RustyFarmall

08-25-2006 19:15:30




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
Investing money? I thought I was supposed to buy tractors with any extra money. Maybe I am investing?



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Dave from MN

08-25-2006 18:46:31




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
If ya dont want to gamble with stocks, and may want to use the money in a year or more invest in Certificate of deposits. CD's. Dont throw it all in one. Try to invest them so that you have one coming mature every 6 months or less. As long as interest rates are clinbing dont get one for more than 15 months. If rates start falling grab some for 2-4 years, but not all still have the short term ones also. Always ask about Actual APY rather than APR, and have the interst earned rolled into the CD. Also I would barter with your banks and others, you can ussually get a match for a competitor bank's specials, the'll always say they cant match,... until you fill out the withdrawel slip and ask for a cashiers check.

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jossette

08-25-2006 18:27:50




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
The best investment is to put the money in a safty deposit box and just keep adding to it every month. That way you dont have to worry about losing it in stock and you dont have to pay a penalty to get it out if something goes bad.



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Genep

08-25-2006 18:25:43




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
I had a million dollars once, I just farmed until it was all gone. I dont think you need my advice.

Gene



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Wardner

08-25-2006 18:25:32




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
Buy Farmall
Sell John Deere
Go long unleaded gas contracts
Go short pork belly contracts
If you buy CD's, get golden oldies or just buy the metal

Ask Magman about the quality of advice here.



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BigMarv1085

08-25-2006 18:09:25




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
One of my investments is in a CD (certificate of deposit). Draws 5.5% interest. Talk with A.G. Edwards, and Fidelity, they are investment firms and have local offices. Insurance contracts are about the safest but low returns and municipal bonds are good but not big on their returns.



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El Toro

08-25-2006 18:07:39




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 Re: OT: DOES ANY ONE KNOW ANYTHING ABOUT INVESTING in reply to forklift, 08-25-2006 17:53:11  
They can go to money-rates.com and pick a Certificate of Deposit (CD) and select a term of 1 year and the money is covered by FDIC. You can receive the interest monthly as income, if you need it or let it accumulate. Hal



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