best way to invest & make money

best way to invest & make money

Posted in the Investing Forum

“Always wear your makeup!”

Since: Jul 12

Syracuse, NY

#1 Jul 31, 2012
Before one can start investing, the first thing one must do is pay off all credit cards and any other debt other than a mortgage if one has a mortgage.

The next thing is to live below your means and take a percentage of your net income to diversify. Putting money into a bank only is never going to make anyone wealthy.

By diversification, I mean dividing money left over after bills into a percentage for various categories. Adding an extra amount to mortgage payment each month until home is paid off is one, owning stocks is a must and another but NOT through a 401k or mutual fund since one will lose all if one does that. Individual companies like Apple aka APPL and AA and others. Apple is going to two thousand a share in the next three years imo so it is undervalued now and to buy one share each month at various prices is a good thing but learn charts and graphs first and know the company well.

It also depends on your income. If one only makes enough to just get by week to week then that person needs a second job or will never have anything.

If one makes 100k a year, then pretend you make only 50k a year which gives you 50k a year to invest and of course, some will go into cash in the bank.

One thing is this is the time to be selling gold not buying gold. It is time and has been time to buy silver since silver has 300% more to increase whereas gold does not in the next 10 years. There is a gold bubble forming and I sold all my gold into it and am buying silver bars and stocks per silver.

There are many ways to make money but using a Broker is a good way to lose money. The best way is to learn on your own and know what you are doing and live below your means.

JMO

“Always wear your makeup!”

Since: Jul 12

Syracuse, NY

#2 Aug 7, 2012
Zero debt stocks with solid earnings and five year earnings expectations. Some Penny stocks too on NYSE.

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