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Geek Culture / smart to buy microsoft stock?

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David iz cool
19
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Joined: 21st Sep 2005
Location: somewhere lol :P
Posted: 29th Jul 2006 17:23
or gas company stocks??

im trying to make some more money.
Jeku
Moderator
21
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Joined: 4th Jul 2003
Location: Vancouver, British Columbia, Canada
Posted: 29th Jul 2006 20:40
Microsoft is a blue chip, so it'll take you years to make money from it (unless you have a LOT of stock in them). The best way to make some money fast from stock (and the best way to lose money fast) is high-risk penny stocks.

My high school law teacher purchased $100 of a $0.02 stock about a decade ago and the price ballooned to $8 a share. He made a good amount of money there


"I understand creative people. After all, I worked with towel designers." - Ray Kassar, former head of Atari
Oddmind
20
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Joined: 20th Jun 2004
Location: Atlanta, Georgia
Posted: 29th Jul 2006 23:09
real estate is at high right now, but thats the best choice.

a bit expensive to get in, but not hard to play your cards right.

formerly KrazyJimmy

Prayers for rain...
Chilled Programmer 420
18
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Joined: 24th Nov 2005
Location: NOT SAYING!, i dont wanna get kidnapped!
Posted: 29th Jul 2006 23:19
dont go in to real estate, the market is about to crash (talking for great britain), the houses here are so expensive, people just cant afford them, yor looking at about 100,000.00 ($180,000.00) for a crappy councel house! the market is going to plumet in the next year or so.

[url=www.freewebs.com/tyhrfg][img]bruce.bmp[/img][/url]
Jeku
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Location: Vancouver, British Columbia, Canada
Posted: 29th Jul 2006 23:37
That's almost as bad as in Vancouver where the *average* home is $650,000... wow, talk about a high entry cost, especially for first-time buyers like myself!

This sucks as my only choice is getting a place that's not close to work.


"I understand creative people. After all, I worked with towel designers." - Ray Kassar, former head of Atari
Oddmind
20
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Joined: 20th Jun 2004
Location: Atlanta, Georgia
Posted: 30th Jul 2006 00:16 Edited at: 30th Jul 2006 00:27
Yea in metro atlanta the $600-$1000 K houses are popping up EVERYWHERE.

Its crazy to see these neighborhoods popping up next to 1 story houses that probably costed $150.

This is where the high and low classes meet.

Jeku to solve problems like the one your having we have several Townhome places built.

Edited: apparently Canadians are townhome masters

Cool really, they are nice and cheap, most are new or newly renevated.

formerly KrazyJimmy

Prayers for rain...
Megaton Cat
21
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Joined: 24th Aug 2003
Location: Toronto, Canada
Posted: 30th Jul 2006 00:25
Woa, Vancouver is expensive. Average housing here is 350k.


New Catfolio.net coming soon!
Tinkergirl
21
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Joined: 1st Jul 2003
Location: United Kingdom
Posted: 30th Jul 2006 00:30
Quote: "more like a row of really tall skinny houses combined with a small yard for each"

You don't mean - terraces, do you?

Oddmind
20
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Location: Atlanta, Georgia
Posted: 30th Jul 2006 00:33 Edited at: 30th Jul 2006 00:34
they look an awful lot like that except they all have a tiny yard in front and it looks like a regular suburban neighborhood.

Quote: "im trying to make some more money."


theres always the option of selling your organs, the ones you dont really use all that often.

formerly KrazyJimmy

Prayers for rain...
Megaton Cat
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Location: Toronto, Canada
Posted: 30th Jul 2006 00:40 Edited at: 30th Jul 2006 00:41
Quote: "theres always the option of selling your organs, the ones you dont really use all that often."


Just be careful not to sell the one you need.


New Catfolio.net coming soon!
Oddmind
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Location: Atlanta, Georgia
Posted: 30th Jul 2006 00:46
exactly i forgot to mention the toenails...

formerly KrazyJimmy

Prayers for rain...
Chilled Programmer 420
18
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Joined: 24th Nov 2005
Location: NOT SAYING!, i dont wanna get kidnapped!
Posted: 30th Jul 2006 01:08
Does anyone else think that investing in blu-ray would make a bit of money?, i reckon it will all take of when it becomes a little older...

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Hobgoblin Lord
19
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Joined: 29th Oct 2005
Location: Fall River, MA USA
Posted: 30th Jul 2006 01:20
Depending on your age, and the earnings you need to make in what amount of time should be what determines where you invest. The stock market is for long term investments, look for stocks with a good dividend, good brand name, and a DRIP program. If you are looking to make quick money you best bet is to sell everything you own walk up to a roulette table pick black or red and pray(It did work for one guy a couple of years ago, think he was from the UK), its close to a 50/50 shot. Real estate everywhere is way overpriced and on the down swing, alot of people have already found that with the rise in interest rates they are now upside down (Negative Equity as Dazzag said before) that is when you owe more on the property then it is now worth.

If you were to invest in realestate and you have some time, look at undeveloped areas like new hampshire, New mexico, etc there you can get acres of land dirt cheap and eventually it will get developed. When my wifes grandmother built her home she got the initial lot for $33 and had a chance to buy additional lots for $1 each, she bought only 1 additional of the 200 available. that land laid mostly undeveloped till about 15 years ago and now those lots are worth an easy $150k (If only she had bought more).

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Megaton Cat
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Joined: 24th Aug 2003
Location: Toronto, Canada
Posted: 30th Jul 2006 01:23
Unfortunatly most people don't think about that when investing, and want to make money NOW and not 20 years from now.


New Catfolio.net coming soon!
Freddy 007
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Joined: 30th Nov 2004
Location: Denmark
Posted: 30th Jul 2006 01:30
Quote: "Unfortunatly most people don't think about that when investing, and want to make money NOW and not 20 years from now. "



Well, we bought a small plot of land no more than a few years ago. That cost us like, 2500£ back then. A couple of months ago, a realtor said he would pay us 25000£ cash for the plot. I think that's pretty decent.


Hobgoblin Lord
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Location: Fall River, MA USA
Posted: 30th Jul 2006 01:54
Quote: "I think that's pretty decent."


Unless that plot of land is on an oil field or gold mine that is a great deal.

Just another tip or two, whenever you get a raise invest the extra money whether it be in an IRA, CD, Bond, Stock, whatever. Contribute the max amount that is matched by your employer into your 401k if you have one, and check to see where your 401k money is and make sure it is diversified.

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Check out my great stuff here
Freddy 007
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Location: Denmark
Posted: 30th Jul 2006 01:57
Quote: "Unless that plot of land is on an oil field or gold mine that is a great deal."



Just an ordinary piece of land. Or, we think it is... But maybe we should start digging!


Megaton Cat
21
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Location: Toronto, Canada
Posted: 30th Jul 2006 03:56
Probably an ancient alien burial site.
Jeku
Moderator
21
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Joined: 4th Jul 2003
Location: Vancouver, British Columbia, Canada
Posted: 30th Jul 2006 11:28
Quote: "apparently Canadians are townhome masters "


Yah, but townhomes here go in the 300+k range I live in a condo now, and even they're up in the mid to high 200+k range. Craziness--- all of it. It's all crazy.


"I understand creative people. After all, I worked with towel designers." - Ray Kassar, former head of Atari
UnderLord
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Posted: 30th Jul 2006 17:12
Here in St. Louis houses cost a arm and a leg too my parents beat up 2 story house will fetch them 130k even though its over 60 years old and poorly maintained. My wifes parents house will fetch them more and its a 1 story in excellent condition.

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E-mail UnderLord @ UnderLord AT darkuniverse DOT net
Hobgoblin Lord
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Location: Fall River, MA USA
Posted: 30th Jul 2006 21:59
Thats actulayy really cheap Underlord, is ti next to a crack factory or something. I could'nt get enough land to put a house on for that here.

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Check out my great stuff here
heartbone
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Posted: 30th Jul 2006 22:19
No crack factory needed, if the real estate is in St. Louis, that's enough to depress anything. Besides for the prevailing apolitical war mongering mindset of the peasantry, I was recently stuck there for days visiting my parents with no electricity and 99 degree weather. Their utility infrastructure is something out of the 1930's. I agree that land is over priced, but the dollar is being devalued. Therefore it's better to hold the land, even in St. Louis, than to trade it for depreciating FRNs.

I'm unique, just like everybody else.
heartbone
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Posted: 30th Jul 2006 22:29 Edited at: 30th Jul 2006 22:29
I almost forgot David iz cool,
should you decide to buy stock in the next few years or so,
unlike in the past you should buy the stock of
multi-national corporations only and most importantly,
TAKE DELIVERY OF THE ACTUAL STOCK CERTIFICATES.


Over the next few years you will not be able to trust the stock "brokers" due to factors beyond their control. However the certificates are as good as the company. I wonder why the "brokers" are called that.

I'm unique, just like everybody else.

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