CREATING MILLIONAIRES: POSTERS AIDING WEALTH GROWTH

[Sunalmighty]

@bdizzle @BaldingSoHard and anyone else. Any investment tips? I was going to put in $300 and play around with it but the minimum buy for fidelity mutual funds is 2500.

Do yall have individual stocks or what?

I went through the same thing with Fidelity. 2500 buy in. I opened a Roth with 500.00 and I contribute 50.00 every two weeks. I wont start purchasing stocks until i hit 1k (7.95 transaction fees will eat up your money). Also, even if you have a set amount that you contribute every month, if you have a few extra hundred that you will end up spending on bull, take HALF and put it in your Roth account.

 

[GoPro]

IRAs are for pussies. Play that market for the real payouts.

 

[Silkk]

I went through the same thing with Fidelity. 2500 buy in. I opened a Roth with 500.00 and I contribute 50.00 every two weeks. I wont start purchasing stocks until i hit 1k (7.95 transaction fees will eat up your money). Also, even if you have a set amount that you contribute every month, if you have a few extra hundred that you will end up spending on bull, take HALF and put it in your Roth account.

You know which stocks you're going to get?

 

[Silkk]

IRAs are for pussies. Play that market for the real payouts.

 

[O.T.I.S.]

subscribes

 

[Sunalmighty]

You know which stocks you're going to get?

Honestly, i haven't been studying the market. I've just been contributing to my Roth monthly. Im excited though. Study stocks and mutual funds though. We all need multiple investment vehicles

 

[GunRanger]

@BaldingSoHard

for individual stocks, you recommend tradeking or vanguard

 

[Sunalmighty]

Anyone looking for any upcoming IPOs to invest in?

 

[BaldingSoHard]

@BaldingSoHard

for individual stocks, you recommend tradeking or vanguard

I do not recommend tradeking. They kinda sucked dikk for me. Long story.

Go with Schwab or Ameritrade or one of those other ones that you've heard of. They're pretty much all the same.

 

[Silkk]

Anyone looking for any upcoming IPOs to invest in?

Sure

 

[keepemup]

Sure

Vizio the largest TV maker in America, that has slowly but surely been pushing out the Japanese and some Korean TV makers is supposed to offer one pretty soon. I can't see their stock not turning over X times.

 

[Disgustya Stallone]

take investing advice from low level nikkaz on a SPORTS/HIP HOP innanet forum brehs

 

[Clark Wayne]

Alright brehs. Got a little extra change so I'm thinking about opening up an IRA Roth with Vanguard. Sound good coli fam?? Was checking the website and it said you only need $1000 to start. I'm 22 so the younger the better right?

Edit: @BaldingSoHard you seem very knowledgeable about this kind of stuff. You use Betterment for your Roth correct? Think they would be a better choice over Vanguard?

Edit2: said fukk it and opened up an IRA Roth with Betterment. Will have my account verified by Wednesday.

 

[Silkk]

I don't have one just a checking account and investments. My checking is basically my savings.

Does my roth ira gain interest if it's not invested in anything?

 

[Sunalmighty]

Does my roth ira gain interest if it's not invested in anything?

No if it's just sitting in an account. I am in the same situation. I have 930.00 sitting in my account but I haven't invested yet. I actually am looking into penny stocks, but I haven't pulled the trigger

Edit: I am also checking out upcoming IPOs also.