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DAP Forums > DREAM Act > The Lounge

Investing money - Page 2

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#11
04-22-2010, 10:16 PM
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M42
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49 AP
Quote:
If you wish to have this account approved for activity, please send us, via fax, all of the following documents for each party on the account:
A copy of a Social Security card or other IRS documentation showing the tax identification number.
A copy of a driver's license (passport, birth certificate, state I.D., and military I.D. are also acceptable).
A copy of either of the following to authenticate the address:
Utility billing statement (such as gas, electric, phone, cable, etc.) showing name and address.
Bank statement page showing name and address.
is what you need for a sharebuilder account
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#12
04-22-2010, 10:23 PM
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Quote:
Originally Posted by txdream View Post
I'm just seeking something to replace a savings account since banks can't really help your money grow. I plan on investing around 10k or less on a mutual fund.
Still its WAY safer in the bank. Do you realize that you're trying to get in when the markets are at their multi year high? There are other ways to earn better interest. If you had said this exactly a year ago I might have been 50/50.

I too have around 10k in bank. But I'll NEVER get into market with money that I CAN NOT afford to lose & without sufficient research, insider info, overwhelming hunch, great conviction. Good traders look for reasons NOT to trade, when you don't know what you're doing thats a BIG reason NOT to trade
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#13
04-22-2010, 10:50 PM
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120 AP
He could put it in a CD or something at his local bank and get a better return that way. Sonawabitch is probably right, though: the time to get in was last year, but there has been a lot of growth since then. The question is whether the market will continue to grow the way it has been growing since late last year.

The other side of this, of course, is that you may need a large chunk of cash if some kind of immigration goes through. It would be smart to leave yourself enough of a buffer to be able to act quickly when you get the chance to adjust.
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#14
04-22-2010, 10:53 PM
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By the way, I should mention that the 5000 or so I have had in my Vanguard account has been making really bad interest since the collapse of the market. Literally it is making nothing like a savings account. When the market was good, I would have been making 35 to 40 dollars a month. Now, nada.
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#15
04-22-2010, 11:37 PM
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Majority of novice investors seem to learn an otherwise simple lesson by paying HUGE tuition through losses. That is if you have to ask what do you with your money then you probably shouldn't do anything at all. Stock market is rather tempting. But the risks are present in every step of the way. I was too that novice at one point. By sheer luck I made 15k in span of several weeks. But human greed is limitless and the games it plays with an untrained mind will leave you no way but to lose. So I lost 20k after missing not one but TWO chances of completely reserving my losses. If you really wanna make a career out of this, then you need to start reading extensively. The more you read, the more you learn how dangerous and uneven the field is. After that its up to you.
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#16
05-08-2010, 12:06 PM
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Train with paper stock simulations.. like wallstreetsurvivor.com .. they have real stats.. been testing it out.. after i made money with paper ill move on to real stocks..
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