Where to slowly put $5000 for emergency savings

[calveless wonder]

Dude, you are broke. You work 3 jobs, have a kid on the way, still live at home, etc.

Also, you wouldn't get bashed if you'd actually take the advice you're given instead of come back with comments about how you're right and everyone else is wrong when you really don't know what you're talking about.

Stop being an arrogant punk ass kid and you wouldn't get bashed as hard.

this post x 1000

glad, you have nothing to be arrogant over and insult the people who give you advice or criticize what you say. you haven't accomplished ANYTHING in your life. What's the biggest accomplishment so far, graduating high school? Your body? The same physique half the ngrs in the ghetto have from eating fried chicken bc they have good genes? You've made more detrimental, long lasting decisions in your life than good ones.

Start being fuckin humble and start learning. whatever you're doing obviously hasnt fuckin worked, so maybe you shouldn't be so retarded and stubborn when people who clearly have had more experience and success than you, give you advice. If you don't want the advice, don't fuckin ask for it.

and you're not your brother. you keep bringing him up, yet i guarantee you are nothing like him at all. Stop trying to fit a round peg in a square hole. that doesn't mean you can't make it, but you're not an entrepreneur. Entrepreneurs are INNOVATIVE, they come out with new ideas and unique opportunities. You just regurgitate the same bullshit that people have been doing for 5-10 years aka get rich quick schemes that don't work. I've been an entrepreneur since i was 14 years old in one way shape or form, i've met many self made business people, and i can guarantee you, you don't have the qualities that it takes. Entrepreneurs don't ask every single question they have about something on a forum, they go and do the research THEM FUCKIN SELVES

focus on what you're good at and not what your brother is good at. you're not him, so stop comparing yourself otherwise you'll waste half your life living in his shadow.

show some fuckin humility and people might actually give a shit about you. otherwise you're just a train wreck people enjoy watching fuck his life for the lolz (which is the current case)

 

[digimon7068]

you will drive yourself crazy. these stocks are commodity driven. remember the dry bulk shippers and the run they had? then the implosion? well this is gonna happen again, when I have no idea.

these stocks are driven by arbitragers, not by fundamentals.

the market in general is driven by too many uneducated investors who run willy-nilly from one investment to the next depending on which way the wind is blowing on a given day...hence the precipitous ups, precipitous downs and rollercoaster rides in between that we've seen for the last 20+ years...fuck it...i'm sticking with funds attached to the s&p and morningstar indexes...i don't have time to play with anything else...my kids (and my wife) need to see me once in a while too for chrissakes

 

[samoth]

the market in general is driven by too many uneducated investors who run willy-nilly from one investment to the next depending on which way the wind is blowing on a given day...hence the precipitous ups, precipitous downs and rollercoaster rides in between that we've seen for the last 20+ years...fuck it...i'm sticking with funds attached to the s&p and morningstar indexes...i don't have time to play with anything else...my kids (and my wife) need to see me once in a while too for chrissakes

If you mean hedge funds and ibanks, well... they define the market. If one's goal is to make money, that can be done whether the market's up, down, horizontal, or volatile.

Personally, I enjoy learning about accounting, business, and industries. That's probably because I'm in science, young, and have a high tolerance for risk, though. If I worked in accounting, had a family, and was looking at kid's college and retirement, it certainly wouldn't seem so interesting.

 

[mrplunkey]

If you mean hedge funds and ibanks, well... they define the market. If one's goal is to make money, that can be done whether the market's up, down, horizontal, or volatile.

Personally, I enjoy learning about accounting, business, and industries. That's probably because I'm in science, young, and have a high tolerance for risk, though. If I worked in accounting, had a family, and was looking at kid's college and retirement, it certainly wouldn't seem so interesting.

I share your and others' interest in accounting, business and industries.

The frustration that most financially adept people experience is that a huge component of today's valuations are based on fashon. It's frustrating to analyze industries to four significant figures only to find that "so and so said this" and investors piled out of the sector like lemmings.

In one sense, it's the ultimate expression of capitalism -- supply and demand. But on the other hand, the demand is a product of perception, not necessarily reality. And for the perception-is-reality crowd, that's arguably true as long as you except the fact that the key to success is simply being one of the first-in lemmings.

 

[uamaverick]

this post x 1000

glad, you have nothing to be arrogant over and insult the people who give you advice or criticize what you say. you haven't accomplished ANYTHING in your life. What's the biggest accomplishment so far, graduating high school? Your body? The same physique half the ngrs in the ghetto have from eating fried chicken bc they have good genes? You've made more detrimental, long lasting decisions in your life than good ones.

Start being fuckin humble and start learning. whatever you're doing obviously hasnt fuckin worked, so maybe you shouldn't be so retarded and stubborn when people who clearly have had more experience and success than you, give you advice. If you don't want the advice, don't fuckin ask for it.

and you're not your brother. you keep bringing him up, yet i guarantee you are nothing like him at all. Stop trying to fit a round peg in a square hole. that doesn't mean you can't make it, but you're not an entrepreneur. Entrepreneurs are INNOVATIVE, they come out with new ideas and unique opportunities. You just regurgitate the same bullshit that people have been doing for 5-10 years aka get rich quick schemes that don't work. I've been an entrepreneur since i was 14 years old in one way shape or form, i've met many self made business people, and i can guarantee you, you don't have the qualities that it takes. Entrepreneurs don't ask every single question they have about something on a forum, they go and do the research THEM FUCKIN SELVES

focus on what you're good at and not what your brother is good at. you're not him, so stop comparing yourself otherwise you'll waste half your life living in his shadow.

show some fuckin humility and people might actually give a shit about you. otherwise you're just a train wreck people enjoy watching fuck his life for the lolz (which is the current case)

This, x infinity. Guys, we can't be too mean to Glad or else he might actually stop posting here. That will be a sad day, indeed.

 

[lartinos]

This, x infinity. Guys, we can't be too mean to Glad or else he might actually stop posting here. That will be a sad day, indeed.

He is a stuperstar of sorts here. When he deserves to ripped on he does. No need to just be mean to him. He isn't a bad dood. But, I'd be HELLA pissed if he stole my CC.

 

[calveless wonder]

He is a stuperstar of sorts here. When he deserves to ripped on he does. No need to just be mean to him. He isn't a bad dood. But, I'd be HELLA pissed if he stole my CC.

was that intentional ? lol

 

[hurricane]

glad is a good bro!

silly goose but still a good bor!

 

[the.gladiator1987]

lmao bro. You guys keep buying and holding on to your precious little federal reserve notes, and Ill buy real physical value. LMAO @ the ignorance of not knowing that there are more silver ETF's than there is silver. That plus silver is used in industry. Which makes silver more rare, and the demand will go up, and supply limited, so price will skyrocket once these people with huge ETF's in silver wanna cash out, cuz guess what, they dont have the actual silver

The time to sell silver is when the dollar is fuckin worthless. 33/oz is cheap still.

LMAO @ bringing a silver dime to a bank and only getting 10 cents. first of all, why the fuck would I go to a fucking bank to sell my silver for 10 cents? When silver is obviously worth more. I can go on ebay ANY DAY of the week and sell a silver dime for around $2.40. I can sell 10 silver dimes for 24 bucks.

I just told you what silver has done historically over the last 30 years. As of now it's returned ~6.5%, but mostly it's sat between $4.00 and $6.00 outside of a spike around 1980, when it got up to almost $50.00. I'm sure people thought back then it was going to keep going up too. But it dropped back down to it's normal $5 price.

You are basing your "knowing" on pure speculation. Good luck bro, but historically speaking, silver is not a good investment. No, it won't be worthless, but when you are buying it at $33.00, and it falls back down to $5.00, it will have been a bad investment.

Stevesmi was right. The time to buy silver was 2-5 years ago. The time to sell silver is now (which is why all those businesses are advertising scare tactics to get people like you to buy it). Same with gold. Just look at the history of it and you will easily see this. Basic rule of investing: buy low, sell high. Most people do the opposite. Their investments start losing value, they sell in a panic, usually too late. Their investments start increasing in value, they start buying, again usually too late.

I think you are spreading yourself too thin. You don't have a pot to piss in, and you're talking about putting money here and there.

Like I told you in the k msg, put your extra money in your savings account, as an emergency fund. You want that money to be as liquid as possible. Your silver coins are liquid, sure...at face value. The bank will give you 10 cents for each silver dime you bring in. The grocery store, auto shop, landlord, all the same. Get $5,000 in the bank and leave it alone. Then take that $200 or whatever a month and invest that into whatever you want.

 

[the.gladiator1987]

Right now, nowhere. When you have $5000 in savings, come back and ask again.

I agree i wanna build this up first, but I still dont think its a bad idea to put some of the money toward silver as well.