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DAP Forums > DREAM Act > The Lounge

How can I invest in the stock market? - Page 2

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#11
07-01-2009, 08:48 PM
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Quote:
Originally Posted by jothesh2 View Post
It depends.
If you're doing short term investments, then yeah you're absolutely right. However, if you're doing long term investments such as for retirement, then no. I've seen data that only people who put about 200 dollars into the market (Mutual funds) every month for a period of 30 years come out with a huge amount of money.
I think he wants to buy stocks from a company or two. I think he is better off buying mutual funds or CD's unless he has a lot of money. Besides, he is only 15 years of age.
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#12
07-01-2009, 08:53 PM
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iDreamAct
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Enough capital means tens of thousands of dollars.
No it does not, actually. Especially not for me who wants a long term investment.

Quote:
Wow. Your parents must be successful then if you got secondary education already handled.
Considering the fact that by staying in this country I'm pretty much screwed and damned to attend a public university even though I keep a 3.8 GPA I'll be going to the same crappy school that the kid with then 2.0- GPA attends, not only that but I'll have to pay four times what he pays just because my state doesn't consider me a resident.

I'm just going back to my country and study business law, it's cheaper and it's a top university in the country and for way less than I'd have to pay for that ridiculously overpriced out of state Tuition cost.

Quote:
Take note that mutual funds or atleast the company that primerica does those matters with gets a little over 12% return. Meaning every 6 years your money will double. (Take note thats the average for all 30 years its been in business, which is extremely good)
I want to invest on certain stocks which I know will give me a much better return.
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#13
07-01-2009, 08:56 PM
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Quote:
Originally Posted by drvenom View Post
I think he wants to buy stocks from a company or two. I think he is better off buying mutual funds or CD's unless he has a lot of money. Besides, he is only 15 years of age.
I do want to buy stocks from certain companies. I'm sorry but Warren Buffet wasn't investing in mutual funds when he was my age.

Please don't give me investment advice (And I know that it sounds rude, but I'm truly sorry), I know what I'm doing with the money. I have been studying the stock market for over a year, My only problem is that I run the risk of getting deported.
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#14
07-01-2009, 09:02 PM
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Quote:
Originally Posted by iDreamAct View Post
I do want to buy stocks from certain companies. I'm sorry but Warren Buffet wasn't investing in mutual funds when he was my age.

Please don't give me investment advice (And I know that it sounds rude, but I'm truly sorry), I know what I'm doing with the money. I have been studying the stock market for over a year, My only problem is that I run the risk of getting deported.
Well, I wish you the best of luck with your investments. However, you are right about sounding rude. Here is some advice, learn to rephrase statements that have negative connotations. You'll learn this in business 101 though. Once again, good luck.
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DACA: I was too old by 5 days.
Expanded Daca: I should be good now.
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#15
07-01-2009, 09:10 PM
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qingshu
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Having a retirement plan and building up your compound interest isn't the same as playing the stock market. It takes years of experience and lots and lots of research to play it well. The more fluid it is (like forex), the more dangerous it is.

What you're doing is risky. People usually keep separate portfolios; one being expendable money (these are money used to play stock market to make you more money).

Anyways like I said I'm in trading systems so thats software. I am in no way a finance expert but I'm just trying to convey some basic knowledge.
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#16
07-01-2009, 11:01 PM
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Seems you know a lot kid.
Well I plan to invest in mutual funds, but I also do plan to choose some companies to invest on.

Let me tell you one thing though. One year of experience is nothing. I already have two years of experience. My dads side of the family is heavily involved in stock market, hence they are Rich(We are talking millions here). In which they told me a lot of secrets and advice. (You have no idea how corrupt the stock market is) Also I took classes in high school and plan to major on Economics for College.

***Why dont i live with my dad and his rich family? Because they rejected me when I was three.
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#17
07-02-2009, 12:43 AM
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Quote:
Originally Posted by iDreamAct View Post
I do want to buy stocks from certain companies. I'm sorry but Warren Buffet wasn't investing in mutual funds when he was my age.

Please don't give me investment advice (And I know that it sounds rude, but I'm truly sorry), I know what I'm doing with the money. I have been studying the stock market for over a year, My only problem is that I run the risk of getting deported.
Over a year? Stock brokers have studied their trade for years and have made a career out of it. No offense and not to sound rude but I don't think at 15 it would be appropriate to be getting into stocks, really, there's no hurry. If you are very serious about this, go to a stock broker. It's not just about studying the market, any professional will tell you that.
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#18
07-02-2009, 12:52 AM
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Quote:
Originally Posted by jothesh2 View Post
Seems you know a lot kid.
Well I plan to invest in mutual funds, but I also do plan to choose some companies to invest on.

Let me tell you one thing though. One year of experience is nothing. I already have two years of experience. My dads side of the family is heavily involved in stock market, hence they are Rich(We are talking millions here). In which they told me a lot of secrets and advice. (You have no idea how corrupt the stock market is) Also I took classes in high school and plan to major on Economics for College.

***Why dont i live with my dad and his rich family? Because they rejected me when I was three.
Congrats on deciding to major in Economics. It is a fun field. Just take all of the math that you can stomach. If you plan to get a PhD, you better double major in Econ and Math.
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Year arrived and age at time of arrival: 1989, 8
Education level: Two Master's (Econ and Math); Can't afford a PhD.
DACA: I was too old by 5 days.
Expanded Daca: I should be good now.
Bitter? Optimistic
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#19
07-02-2009, 01:00 AM
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So anyway...

Yeah, don’t worry about a thing. As long as you pay taxes (hence the need for an ITIN) you’ll be okay. You won’t get deported or anything.

And if you want to invest in the market, I say go right ahead. It’s not like you’re blindly investing millions of dollars or anything. Also, if you’ve been studying the market for a year, that should get you through just fine. By the same token, have realistic expectations. I mean, you won’t become the next Stevie Cohen on $5,000.

Good luck, and have fun.
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#20
07-02-2009, 01:46 AM
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AB323
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I make 100-150% return on investment monthly with what i do and it's not the stock market. If you think you can make money right away on the stock market then you are truly a dreamer. You're 15 and we're not changing your mind so i don't really know why ask this question here if you have all the answers.
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