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Old 10-17-2009, 04:15 PM   #1
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Default what should i do . .

I dont want to sound obnoxious but Ive saved up about $5k in the last two months and now I have a problem that many of us would like to have.. what should I buy ? what do you guys think? i dont want to go all out but now that i have the $, i don't know what exactly i want so any ideas would be EXTREMELY appreciated thanks.
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Old 10-17-2009, 04:30 PM   #2
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Default Re: what should i do . .

Do you have a car?
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Old 10-17-2009, 04:32 PM   #3
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Default Re: what should i do . .

Keep saving it until you need to use it. Don't go looking for excuses to spend it.
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Old 10-17-2009, 04:41 PM   #4
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Default Re: what should i do . .

Quote:
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Keep saving it until you need to use it. Don't go looking for excuses to spend it.
The best advice. Forget about it and look at it in a years time...
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Old 10-17-2009, 04:46 PM   #5
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Default Re: what should i do . .

put it in a CD (certificate of deposit) or some other method of savings that offers a good amount of interest on it.

There is no need to blow it just cuz you got it.
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Old 10-17-2009, 04:51 PM   #6
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Default Re: what should i do . .

Yeah, I would probably save it. It's best to have some back up money in case something happens like repairs.
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Old 10-17-2009, 05:00 PM   #7
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Default Re: what should i do . .

thanks guys. very good advice.
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Old 10-17-2009, 05:57 PM   #8
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Default Re: what should i do . .

i just opened a cd -7000 towards a house
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Old 10-17-2009, 06:26 PM   #9
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Default Re: what should i do . .

Invest in Ford. If they make it through this economy without taking gov't bailout, they will be one of if not THE top auto maker out there.
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Old 10-17-2009, 06:51 PM   #10
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Default Re: what should i do . .

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Invest in Ford. If they make it through this economy without taking gov't bailout, they will be one of if not THE top auto maker out there.
I wouldn't bet on that.
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Old 10-17-2009, 09:15 PM   #11
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Default Re: what should i do . .

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I wouldn't bet on that.
LOL out of curiosity I pulled up there current earnings report. I concur that investing in ford ATM is a very bad idea. Of course I'm lazy and didn't feel like reviewing previous quarters to see the difference to really gauge if they might be starting to turn it around.

http://www.ford.com/doc/ir_20090723_...al_results.pdf
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Old 10-17-2009, 10:44 PM   #12
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Default Re: what should i do . .

Their stock has gone up 300% or so in hte last couple months to name one thing... And they got BIG plans.
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Old 10-17-2009, 11:07 PM   #13
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Default Re: what should i do . .

Go to a Strip Club and go wild! )))

jk.

get a car dude!
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Old 10-18-2009, 12:39 AM   #14
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Default Re: what should i do . .

Quote:
Originally Posted by superman22x View Post
Their stock has gone up 300% or so in hte last couple months to name one thing... And they got BIG plans.
What's your point? Big plans don't mean squat when you don't implement them.

Ford isn't in a great position right now. Just because they haven't participated in the auto bailout plan doesn't mean they're ahead of other car makers. Just compare them to Toyota.

http://money.cnn.com/quote/quote.html?symb=TM
http://money.cnn.com/quote/quote.html?symb=F

If you want to invest in them, go right ahead. No one's stopping you.
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Old 10-18-2009, 02:58 AM   #15
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Default Re: what should i do . .

Look at Toyota stock. 80+ a stock, and from the charting, it looks consistent over the past year. The lowest its been over the 3 year is around 55 per stock. The highest? Around 130. Now lets look at Ford, which is my favorite automaker. Their stock is cheap. Around 7 per stock. But look at the volume of it. Toyota only has around 400K shares. Ford has the market saturated. almost 50M (thats right, 50 million) shares. This isn't looking at avg. volume, this is just plain volume. The lowest Ford stock has dropped? 1 per share.

Lets do some math. Not including dividends or other earnings on the stock, and not considering buying the stock will raise the price.

If you invested in Toyota during the financial meltdown, say 2500 shares. 2500x55 = 137,500. Say you bought the same 2500 shares now. 2500x80 = 200,000. For one year, that is impressive.

Ford: lets do 10,000 shares. 10,000x1 = 10,000. 10,000x7 = 70,000.

Lets go ahead and do Ford @ 2500. 2500x1 = 2500. 2500 x 7 = 17,500.

Now, a little more math. 200,000 - 137,500 = 62,500. That is how much you would have earned on 2500 shares in Toyota.

Ford: 70,000 - 10,000 = 60,000.

Ford @ 2500: 17,500 - 2500 = 15000.

A 15,000 gain vs a 62,500 gain. Take your pick.

All in all, if you are a short term investor, I'd invest in Ford, but very little. If you are a seasoned stock market veteran or long term investor, Toyota would be you. It appears as if you would have to buy nearly 4 times as much Ford stock to make as much as Toyota stock.

+rep 01001010 for bringing up a very good point. - Never mind, gotta spread.
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Old 10-18-2009, 03:48 AM   #16
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Default Re: what should i do . .

I don't agree with those that say wait till you have a need to spend it, or wait till there's a concrete reason. Sometimes you save up money specifically for the aim of being in a position to spend it openly.

And investing in a company AFTER there stock has risen 300 percent is not how the stocks game works, the more they have risen already the less space they have to rise again and the further they have to fall.
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Old 10-18-2009, 02:53 PM   #17
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Default Re: what should i do . .

Quote:
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I wouldn't bet on that.
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Old 10-18-2009, 03:25 PM   #18
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Default Re: what should i do . .

Ford may have seen the second most sales increase thanks to C4C (second to Hyundai) but that doesn't mean they are on top. Top of the domestics? Yes. They also are going to have a monopoly on larger trucks soon too. But there are still a bunch of people who have a grudge against domestics.
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Old 10-18-2009, 03:26 PM   #19
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Default Re: what should i do . .

If the money came from no where and was a shock, save it.

Since he's asking how to spend it, he didn't have a reason to save up, so again, he should save it.

Or, put it another way; don't go blowing the whole lot. If you need to buy something, buy it, but if you haven't got that much money apart from what you have just earnt, I simply wouldn't spend it.

The rule tends to go, in this household anyway, that if one electronic item breaks, 4 more are to go with it later on.
It's best to have a fund for problems like that.
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Old 10-19-2009, 02:01 AM   #20
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Default Re: what should i do . .

If you feel compelled to spend it on something then I would suggest you do something nice for your friends. Or better yet, an act of kindness for some one that needs a helping hand. Buy some school supplies or a toy for a child.
Money you spend on yourself may make you happy for a while but that fades with time.
An act of kindness lives on forever.
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