Serious Business Inside

[BanginJimmy]

1. A 2-300% return is definately possible on several stock investments right now, especially in the last 3 months. That will most likely happen again in the enxt 3 months also.

2. Unless you are using a certified CFA and broker, a contract means nothing.

3. If the guy just knows what he is doing, then leave the money in your name and use his advise to invest. If he knows what you buy and when, its not like he wouldnt know how you are doing. If money is supposed to trade hands between you 2 then it is a simple matter to figure out, even if he has no control over the cash.

4. It is still a VERY bad idea to take on debt in this manner to invest. It is one thing to use secured debt, such as a margin loan, to invest. It is a very different thing to take an unsecured loan to do so.

5. I dont know if you were BS'ing about your dad balling in India, but if he is, bring this up to him and take an intrest free loan from him if you really want to do it. If it doesnt work out then you owe your family back, not a corporation. Family tends to be MUCH more lenient in its payment schedule in a bad economy.

6. Lastly, most of the economic forecasts I have seen say that the economy, and the markets, are reacting to the stimulus plans. That will be a short term boom and many economists I've read say the bottom could fall further than before when the bills for this bailout start coming due.

[Verik]

1. A 2-300% return is definately possible on several stock investments right now, especially in the last 3 months. That will most likely happen again in the enxt 3 months also.

By all menas those kinds of returns are possible but not in a low risk portfolio.

2. Unless you are using a certified CFA and broker, a contract means nothing.

Actually, a CFA is not required for trading in the nyse or any american market for that matter, its simply a qualification which makes a charterholder more marketable for positions in the finance industry.


Amen ith the rest of your post though

[BanginJimmy]

By all menas those kinds of returns are possible but not in a low risk portfolio.

Depends on what you consider low risk then. I call just about any large cap security to be a low risk. My current portfolio is based heavily in banking stocks with the majority in Citi and BoA. Both very large cap stocks that were trading far lower than they were really worth.

Actually, a CFA is not required for trading in the nyse or any american market for that matter, its simply a qualification which makes a charterholder more marketable for positions in the finance industry.

Should have made myself more clear. A CFA because of the contractual duties of a CFA. I know a CFA cannot protect your money from loss on the markets, but you do have some protection from fraud. Then a broker for obvious reasons. They are licensed to actually make trades in your name.

[IndianStig]

1. A 2-300% return is definately possible on several stock investments right now, especially in the last 3 months. That will most likely happen again in the enxt 3 months also.

2. Unless you are using a certified CFA and broker, a contract means nothing.

3. If the guy just knows what he is doing, then leave the money in your name and use his advise to invest. If he knows what you buy and when, its not like he wouldnt know how you are doing. If money is supposed to trade hands between you 2 then it is a simple matter to figure out, even if he has no control over the cash.

4. It is still a VERY bad idea to take on debt in this manner to invest. It is one thing to use secured debt, such as a margin loan, to invest. It is a very different thing to take an unsecured loan to do so.

5. I dont know if you were BS'ing about your dad balling in India, but if he is, bring this up to him and take an intrest free loan from him if you really want to do it. If it doesnt work out then you owe your family back, not a corporation. Family tends to be MUCH more lenient in its payment schedule in a bad economy.

6. Lastly, most of the economic forecasts I have seen say that the economy, and the markets, are reacting to the stimulus plans. That will be a short term boom and many economists I've read say the bottom could fall further than before when the bills for this bailout start coming due.

I have talked to my dad about him letting me borrow some money from him but all his assets are still in Europe from when we lived there and those are going to be used to develop in India. I mean its not like he's balling, balling but hes doing decent in this country he just doesn't play the stock market, he buys businesses instead and the way things are right now he doesn't have any capital to waste, just businesses that aren't preforming 100%.

And guys, I truly do appreciate your advice, like I said in my last post I'm just going to take whatever money i get through my subsidized and unsubsidized loans for the next two semesters, have my parents pay for school, get the refund check for the loan and invest that. Heck maybe even use the pell grant this year cause I filed independently for the first time this year with a whopping $594.66 as my income! lol.