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DAP Forums > Other Topics > Other Topics

How can I make my money grow?

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#1
12-13-2011, 02:33 PM
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iDream
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Alright guys, here's the thing. I know most of us has a low wage job and due to the fact that we are undocumented we cant get any better jobs that pays good. I have some money saved up in my savings and I was wondering if there's any other way for me to make it grow. Like, investing my money on something.

How about the rest of you Dreamers? Any experience or ideas on how we can make some extra cash for our stash?
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#2
12-13-2011, 02:37 PM
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fl_dreamer
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Would love the answer to the question above. I have few grands I would like to invest too. I do prefer SECURE investments since its hard earned money saved over a LONGGGG period of time.
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#3
12-13-2011, 02:49 PM
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iDream
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Yea, i would like to invest my money on something.. But i dont know what.. I would like to try investing it in the stock market, but i dont know how. -i heard its risky.
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#4
12-13-2011, 02:51 PM
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CB124
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Now is as good time as ever to invest in stocks. You don't want to invest during a bubble, you could get good value
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#5
12-13-2011, 02:58 PM
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Yeah, I have been thinking about the same thing since I do have a decent income. Would appreciate some replies from knowledgeable dreamers.
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#6
12-13-2011, 03:11 PM
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iDream
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Quote:
Originally Posted by CB124 View Post
Now is as good time as ever to invest in stocks. You don't want to invest during a bubble, you could get good value
Yea but i lack knowledge in that area. I dont want to invest in something and end up losing my money. Any advice will be deeply appreciated.

-oh btw are we even allowed to invest in the stocks?
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#7
12-13-2011, 03:49 PM
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Joined in Jan 2011
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labamba84
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I will give you guys my experience. I came to some money around 2004 and I started to invest the money on houses. As all of you know the market crash and I lose a lot of money before you tell well that was dumb, think about how great it seem at that time. My point is don't invest on thing you don't know. Now before I even get money I think about business I can do, then I use the money to educate myself and start the business. I recommend you safe enough to create a business that will provide for you.

P.S. I hope that if you are saving money. You don't have any debt, you have your necessities cover and your house pay or in a really good mortgage. If you don't have this done then used that money to do that. As an example if you invest 10 000 anywhere you will be lucky to make 9 percent return. If you are paying 16 or 20 percent interest on a credit card you are losing money by investing that money.

P.P.S. Investment is like playing poker. You study the rules, study your cards, study your competition and then make your wager. But at all times you must be ready to lose it all.
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#8
12-13-2011, 04:29 PM
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Ali
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sounds like you guys should look into mutual funds. The learning curve is not as steep and you just gotta look over your investment every now and then.
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#9
12-13-2011, 05:05 PM
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hithere
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I've heard mutual funds, index funds, and CDs are all pretty safe investments. Not sure how the process would go for that.
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#10
12-13-2011, 05:19 PM
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iDream
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Quote:
Originally Posted by hithere View Post
I've heard mutual funds, index funds, and CDs are all pretty safe investments. Not sure how the process would go for that.
i looked up MUTUAL FUNDS.
its a combined investments from different investors. they used that combined investments to buy stocks. And that there are three different types of mutual fund..............and...... after that my brain exploded and i got lost from there... i didnt understand the rest. LOL
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