What to do beside my import tax settlement?
I bought a house in September. I don't know how much my discount will be, but I'm guessing a couple of thousand. would it better to put the whole check into a Roth IRA or put it towards my principal?Answers: What is your mortgage interest rate? 6%? Can you get better than 6% on your IRA?
$1200 isn't too much so I would just own some fun with it because it won't brand that big of a difference. If not then I would budge with the principal because I hatred seeing that after a year of a mortgage, I have $20,600 contained by interest I paid and own now $1000 within equity.
I would 100% put it into the Roth IRA. If you invest young your money will grow a ton by the time you retire. Take a look at the effect your money will hold if you apply it to the principal of your house by looking at a amortization table. Its very terribly little. You're waayy better off going near the Roth.
I have to invest $10,000 in the market tomorrow, what should I buy?
Answers: A book on investing.
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First of all, investing is a long-term process. If I were you, I'd invest in annunities, or real estate if your in a hurry. Before you buy any stock, you have to research about the companies your are thinking of investing in. LIKE WARREN BUFFETT.
Gold is good now check out BHP, I also like MO if you can get it at $70. a share take it.
Try Revlon (REV) it is about turn.
you must be very rich if your folks are willing to blow 10K on you. I would say that you should buy:
Kinross Gold (KGC)-they are a strong stock in a great sector. I would hold this for about 1 year.
MEMC Electronic Materials (WFR)-they are a great growth stock. Since we are at the start of a mini bull market I would hold this for about 10 points at most (and no more than 2 weeks)
Goldman Sachs (GS)-they are the best bank out there by a long shot, while the growth prospects here are not dazzling you sholdn't have a problem milking the stock for about 14%/year return. every time the stock goes lower than $196 buy it, every time it goes over $202 sell. obviously wait till it stops dropping before you buy and wait till its growth slows before you sell.
Great Basin Gold (GBN)-a little gold company, its risky but it has good growth prospects. I would hold this for a year or 2.
Alpha Natural Resources (ANR)-I don't know a ton about this but they have been the strongest preforming coal miner as of late and coal is a great place to be. I would hold this for over 5 years.
Gabelli Utility Trust (GUT)-this thing never moves and you are all but garenteed an 8% yield. I would hold this forever.
BNSF Railway (BNI)-Warren Buffett has been buying this like crazy. Try to buy this under $80 a share. I would hold this for at least 5 years.
XTO Energy (XTO)-perhaps the best managed natural gas stock out there. despite what people think Nat gas should do very well, even in a recession.
Have your dad reinvest the dividends on all of these.
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What is the cheapest stock out near??
ok i mean price astute not future company prospects or element of company i mean the one that cost the lowest possible amount. thi thing is the company cant be penniless they have to still be contained by buisnessAnswers: There are penny stocks, but they are not worth the paper they are printed on... when you are investing contained by the stock market, you buy the BEST stocks you can afford... not the cheapest or you are lately throwing money away.
Just because a stock is cheap does not mean it is a small company. It appears you want cheap ability stocks. Price means nought as long as you buy and get out at a greater price. What is more important is how in a hurry the stock will rise, as time is money, but that is dependent on the fickle public who buy the stock after your own purchase base on demand one more than those willing to get rid of during the time period you are a shareholder or the price will drop. Here are some standard penny stock symbols: GPGI, MCAM, REV, CDE, SFMI, PMID, and BACHF.