Investing $1000 a month

5string

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iqqi said:
You are funny, 5string. Anyways, what is that a reference to, violin? I love the violin. Sigh. Probably you mean the more popular guitar though.

Mr P, I actually read too much negative about gold before I stopped exploring that avenue. Mostly in that it was too hard to sell. Not as liquid as stocks. Or something along those lines!

Plus there seems to be a lot of different kinds of gold to buy, and I believe gold bars seemed to be the best option? It was all kind of intimidating to such a novice invester like myself.

I am still figuring out if I should open a Roth IRA with my bank, or online through vanguard. I have such basic questions, it is ridiculous!

Here's one I am currently googling: How will investing affect my taxes?

As a poor person, I am used to always getting a refund. And doing my own taxes because they are so simple. Now, it may get complicated. :(



That's amazing. Hope some of you got in on that gold mine.
No violin. I played banjo and guitar in a bluegrass band for years. Taught banjo for a few as well. Also play a little mandolin and dulcimer. Bluegrass banjos are "5string" banjos. I have two banjos. An Imperial and a Stelling Virginian. I play the Earl Scruggs, three finger style. It's a fun hobby. I really enjoy it. Playing the banjo is not that hard if you have someone teach you the basics properly. I thought learning the guitar was a bit more difficult. Lot's of folks feel just the opposite though.
 

Stagger Lee

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How are you making all this money if I may ask?
 

Mr.Positive

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iqqi said:
Mr P, I actually read too much negative about gold before I stopped exploring that avenue. Mostly in that it was too hard to sell.!
Iqqi. Actually very easy to sell. I bought a coin, some time back, at $825. I could walk back into the coin shop and sell it for $1100, no questions asked.

When folks like 5string, stop laughing....I will consider selling. When central banks stop buying...and start selling. I will sell.

I personally won't recommend gold right now, but...would recommend, give a moment to research silver, for a long. Reseach silver, and RFID, silver and solar energy, silver, and the medical community.

Very high upside, in the long term. My two bits..
 

iqqi

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Stagger Lee said:
How are you making all this money if I may ask?
I am investing in penny stocks per Cordoncordon's advice. :crazy:

Just kidding. :D

Just like I planned a year ago, I have a part time job waiting tables at a place where I make anywhere from $100-$200+ for a 5-7 hour shift, 3-4 days a week. That doesn't include bi weekly checks, or small profits from my internet store. My rent is laughably nonexistent (well under $300), my bills are just my phone plan for myself and my mother, car insurance, and just recently a membership to a dance instruction place. All of this runs under $500 a month. When I leave with my nightly tips, I ask for big bills, and I stash the $50's and $100's in my pirate chest that I keep buried under a fake palm tree. Just kidding about the palm tree part.

The money adds up. The month previous to this, I was able to pay a bunch of bills, move into a new place, pay tuition to a photography school, and buy a new DSLR camera which is pretty costly. Not to mention all of the Groupons that I bought.

I learned how to basically live on next to nothing last summer and fall, when I first embarked apon my journey to another city, and was met with obstacles. This was all documented in the now defunct NLG. Basically, I lived in a van for nearly three months, and could not get a job to save my life.

But now, plans have come together exactly how I forseen them, I have the perseverance to follow through with goals despite obstacles, and now I am in the habit of not spending on what I don't need. Although I still do. :D After I stash the $50's and $100's, the rest is mine to what I want.

This plan isn't for everyone. I am somewhat of a vagabond.
 

Alle_Gory

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iqqi said:
I have the perseverance to follow through with goals despite obstacles, and now I am in the habit of not spending on what I don't need.
You're a girl... right?
 

5string

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Mr.Positive said:
Iqqi. Actually very easy to sell. I bought a coin, some time back, at $825. I could walk back into the coin shop and sell it for $1100, no questions asked.

When folks like 5string, stop laughing....I will consider selling. When central banks stop buying...and start selling. I will sell.

I personally won't recommend gold right now, but...would recommend, give a moment to research silver, for a long. Reseach silver, and RFID, silver and solar energy, silver, and the medical community.

Very high upside, in the long term. My two bits..
I'm not laughing. If it works, it works. I hope you make a fortune buddy.
 

Trader

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iqqi said:
I am investing in penny stocks per Cordoncordon's advice. :crazy:

Just kidding. :D

Just like I planned a year ago, I have a part time job waiting tables at a place where I make anywhere from $100-$200+ for a 5-7 hour shift, 3-4 days a week. That doesn't include bi weekly checks, or small profits from my internet store. My rent is laughably nonexistent (well under $300), my bills are just my phone plan for myself and my mother, car insurance, and just recently a membership to a dance instruction place. All of this runs under $500 a month. When I leave with my nightly tips, I ask for big bills, and I stash the $50's and $100's in my pirate chest that I keep buried under a fake palm tree. Just kidding about the palm tree part.

The money adds up. The month previous to this, I was able to pay a bunch of bills, move into a new place, pay tuition to a photography school, and buy a new DSLR camera which is pretty costly. Not to mention all of the Groupons that I bought.

I learned how to basically live on next to nothing last summer and fall, when I first embarked apon my journey to another city, and was met with obstacles. This was all documented in the now defunct NLG. Basically, I lived in a van for nearly three months, and could not get a job to save my life.

But now, plans have come together exactly how I forseen them, I have the perseverance to follow through with goals despite obstacles, and now I am in the habit of not spending on what I don't need. Although I still do. :D After I stash the $50's and $100's, the rest is mine to what I want.

This plan isn't for everyone. I am somewhat of a vagabond.
I am deadly serious when I say this. Why don't you just focus on finding a rich guy to marry? That's how most girls do it.

Well, except for the 'I am a wannabe lion, hear me roar, so I will try and take over the workplace' girl.
 

iqqi

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Trader said:
I am deadly serious when I say this. Why don't you just focus on finding a rich guy to marry? That's how most girls do it.

Well, except for the 'I am a wannabe lion, hear me roar, so I will try and take over the workplace' girl.
Well, since you are deadly serious. :rolleyes:

The same reason not all guys focus on finding some trophy who's main purpose is to look good on his arm. Or the same reason not all poor guys main goal is to find some rich cougar to support him. Sure their are definitely some out there who do that. Obviously from my lifestyle and choices that I've made, money isn't everything to me. It isn't even that big of a deal to me, you can't take it with you and swimming in it doesn't make you a happier or better person.

If I wanted to be wealthy I probably would have went to law school, which was on my list of possibles when I was 19 and trying to figure out what I should do with myself. There are reasons I decided against that! Money shouldn't rule you.

It is just a means to an end to experience life.

If I can have all of this free time, while in the meantime pursuing all of the goals I set out for myself a year ago, while living in a different city/ies (travel), AND on the side stash away a nice chunk of change in case I don't die tomorrow, then I am beyond a happy camper. And my life is more fulfilling than most people I know who are a slave to the wage.

This has been an interesting an informative thread, which has pointed me in the right direction in regards to investing. I hope we can get some more ideas out there though.

One of the number one investing opportunities for me has been selling stuff online. Usually way more than double your profit, a lot of the time super fast results.
 

Mr.Positive

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5string said:
I'm not laughing. If it works, it works. I hope you make a fortune buddy.
Haha, now you actually have me laughing.

Gold is insurance, when it goes up...everything else (dollar denominated) if falling off a cliff.

I hope I don't make a fortune, because I will have lost in all other investments.

Now, silver, I'd be very happy to make a fortune. The would be one prosperous economy....
 
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