[jonasdatum]

javascriptlayClip('rtsp://video.c-span.org/15days/wj010706_mierzwinski.rm')
Edward Mierzwinski, Consumer Program Director, U.S. Public Interest Research Group
Edward Mierzwinski, Consumer Program Director, U.S. Public Interest Research Group, on rules from the Office of the Comptroller of the Currency which encourages issuers of credit cards to raise the cardholder’s minimum payment.
1/7/2006: WASHINGTON, DC: 29 min.

Worth watching. Don't be a fool! Watch it! Espeically if you do have a crapload of debt. Your credit rating and/or FICO score is an investment tool. One of your most critical tools.

[jonasdatum]

Hello. Anybody got good sites to check out the performance of of IRAs,Mutual Funds, etc?

Thank you.

[jonasdatum]

Originally Posted by smeegle

Are you taking any finance courses? Do you know what the phrase "M1" means?

I recievd a "B/B-/B+" in the class and I am reading the book over again. The class was on money and banking. We didn't do all the chapters, but we went over about 75%-80%. I've learned much and through this thread want to learn more. Currently I am looking at http://www.treasurydirect.gov/indiv/...nds_glance.htm. These I-Bonds look promising.

What is your opinion on this investment? 6.73% intrest rate through April 2006! Wow! Now if it stays above 5.5%, would be worth while dumping some cash into these babies!

Thanks.

[Knotbored]

http://moneycentral.msn.com

A site that has many ways of evaluating stocks/ bonds/ mutual funds and taxes.
At your age you can consider some riskier investments, such as stocks. When you pick a wage you want at retirement you need to anticipate cost of living increases. In 40 years that 50K you mentioned may be inadequate for living comfortable. Stocks hedge that increase, while bonds or bank savings hardly keep up.
Look at history charts for Microsoft/ Dell , Boeing and a few others-then compare value of bank savings. Its a risk-but so is all of life.

[jonasdatum]

Originally Posted by Knotbored

http://moneycentral.msn.com

A site that has many ways of evaluating stocks/ bonds/ mutual funds and taxes.
At your age you can consider some riskier investments, such as stocks. When you pick a wage you want at retirement you need to anticipate cost of living increases. In 40 years that 50K you mentioned may be inadequate for living comfortable. Stocks hedge that increase, while bonds or bank savings hardly keep up.
Look at history charts for Microsoft/ Dell , Boeing and a few others-then compare value of bank savings. Its a risk-but so is all of life.

Thanks, you have a point. Question. If I brought an I-Bond, would I have to pay taxes on it April 15 2006? No right? Sorry taxes were not covered in my class. Thanks.

[jonasdatum]

Wouldn't I make more $$$ since I am for the most part Exempt from Federal Taxation? Some of these securities. According to my book, they are farely "liquid." They can be brought in increase wealth ever so slightly. In some cases making the same amount of money as a traditional CD, but in "less time." Everything earned would be deposited into a non-intrest checking account. So it couldn't be taxed locally.

Also, anybody know a easy way to get into "morgage pools"? Currently I am looking into 401ks and IRAs; any suggestions there?

[jonasdatum]

Hello. Today I checked out a $1000 treasury bill whos acution is today on www.treasurydirect.gov. The bill is 4 weeks. As I figured I got a 4.xx% discount rate which equals about $40. My plan right now is to invest $2000 every 4 weeks until the end of the year. So that is (estimation) $80 a month for 11 month = 80 * 11 = $880. Since I already know that I am exempt from state and local taxes, how much will the federal government take back? I can't find any conclusive data. My guess is they will take about... $100 tops.

Why doesn't everybody do this? Dudes (also spelled dwed) if you have a few extra $1000s might want to check it out. It's like quazi-free money.

Comments, suggestions, questions; answer to my questions?

[jonasdatum]

Originally Posted by jonasdatum

Wouldn't I make more $$$ since I am for the most part Exempt from Federal Taxation? Some of these securities. According to my book, they are farely "liquid." They can be brought in increase wealth ever so slightly. In some cases making the same amount of money as a traditional CD, but in "less time." Everything earned would be deposited into a non-intrest checking account. So it couldn't be taxed locally.

Also, anybody know a easy way to get into "morgage pools"? Currently I am looking into 401ks and IRAs; any suggestions there?

Where it says "... exempt from federal taxation..," it should say state/local. Sorry about that.

[jonasdatum]

Originally Posted by jonasdatum

Hello. Today I checked out a $1000 treasury bill whos acution is today on www.treasurydirect.gov. The bill is 4 weeks. As I figured I got a 4.xx% discount rate which equals about $40. My plan right now is to invest $2000 every 4 weeks until the end of the year. So that is (estimation) $80 a month for 11 month = 80 * 11 = $880. Since I already know that I am exempt from state and local taxes, how much will the federal government take back? I can't find any conclusive data. My guess is they will take about... $100 tops.

Why doesn't everybody do this? Dudes (also spelled dwed) if you have a few extra $1000s might want to check it out. It's like quazi-free money.

Comments, suggestions, questions; answer to my questions?

Sorry dudes, I might have got the math wrong because I read the table wrong. Did I get it wrong? I have emailed www.treasurydirect.gov. I'll post their response asap. Sorry dudes.

http://www.investopedia.com/terms/t/treasurybill.asp
http://wwws.publicdebt.treas.gov/AI/OFBills

I will write them and ask. I also will ask you guys.

[Wiskycoo]

I don't see buying property as one of the investment choices, but that is certainly the way I go about it. Nortel took about 50 grand from me so I find property to be the safe and of course a highly more quick way to get your investment back with a large profit.

[Gibble]

Originally Posted by Wiskycoo

I don't see buying property as one of the investment choices, but that is certainly the way I go about it. Nortel took about 50 grand from me so I find property to be the safe and of course a highly more quick way to get your investment back with a large profit.

you almost can't lose money investing in property.

[jonasdatum]

Originally Posted by Gibble

you almost can't lose money investing in property.

"An oldie, but a goodie!" Whether it’s land, sea, air, or space; all throughout history it's been good to on it! I thought about it, but I don't have to capital to recoupe my losses should I fail in property investment.

[BanditFlyer]

Thanks for the thread Jonas. I added it to my list.

[jonasdatum]

Originally Posted by jonasdatum

Sorry dudes, I might have got the math wrong because I read the table wrong. Did I get it wrong? I have emailed www.treasurydirect.gov. I'll post their response asap. Sorry dudes.

http://www.investopedia.com/terms/t/treasurybill.asp
http://wwws.publicdebt.treas.gov/AI/OFBills

I will write them and ask. I also will ask you guys.

Hello. Sorry dudes I got the calculations wrong. Here is what treasurydirect.gov sent me in their reply:

The easiest way to calculate your interest earning for a bill is:

Price Per $100 x Par = discount price

99.663222 $1,000 $996.63

Now, subtract the discount price from the par to arrive at the "refund", received at the time the security is issued ($3.37).

Over the term of the security it will earn interest in the amount of $3.37 Original par ($1,000) will be available, at maturity, for redemption or repeat purchase.

[jonasdatum]

Capitalone.com - Money Market Account

http://www.capitalone.com/investment...P1_C2_03_T_SP4

Is the interest rate worth investing in this money market account? Seems like a good deal to me. Check writing privileges, high intrest rate, and low minimal balance. Granted it isn’t the greatest, but it is a lot better than most checking accounts availible. Although, there are advantages to non-intrest checking aco****s as well, no taxation on money stored in it.