Now is the time -- protect your money

[guitar_gangster]

you're still a kook, and an asshole, last time i checked this was a music board. now go watch cnbc

[hour_of_darkness]

Originally posted by guitar_gangster:
you're still a kook, and an asshole, last time i checked this was a music board. now go watch cnbc

<font size="2" face="verdana, arial">yeah...thanks for that.

[RENODIVORCE]

Darkness, who do you have your IRA through, I'm wanting to start one.

[hour_of_darkness]

Originally posted by RENODIVORCE:
Darkness, who do you have your IRA through, I'm wanting to start one.

<font size="2" face="verdana, arial">I have a Roth IRA with Smith Barney and a SEP IRA with Fidelity. It depends on what you're looking for - but I highly recommend the SEP IRA through Fidelity if you can get it.

You're supposed to be self employed for a SEP but I think technically anyone can get it if you do something as simple as earn side income from your regular job. The SEP is good because there's a much higher yearly contribution limit and when you're with Fidelity you can buy into some great funds that normally have a $10,000 minimum for $500 - no joke. With the traditional IRA or roth you can't do that.

[ludeboy_79]

If anyone have too much money now:

http://cgi.ebay.com/ebaymotors/ws/eB...RL:MOTORS:1123

[solemn13]

Ahh the memories I had a 60 bel-air exact body style with a straight 6 instead of v8. I miss that car every day. and I dont think mikes address matters his house is on the market I believe.

[ludeboy_79]

Very funny is that the car is 4 sale the second time. The first time the highest bid was 15.300$. Now it starts with 30.000$.

[hour_of_darkness]

March 2nd, 2008

Gold: $983 (previous all-time high was $850 in the 1980s)
Silver: $19.85

!!!!!

<font color="#FFFF00" size="1">[ March 02, 2008 09:41 PM: Message edited by: hour_of_darkness ]</font>

[hour_of_darkness]

Hey man, how's your aggressive portfolio of stocks in your 401 k doing these days?
[/qb][/QUOTE]Hey, gold might very well be a great investment...so could Microsoft 20 years ago. Everything is cyclical. Depending on when you invest, and when you need your money liquid...investing in gold "could" be an absolute disaster unless you already have plenty of money.

If you are young, you should invest in a company matching 401k, and keep it in the most agressive portfolio available....and simply ignore it until you are about 40-50 years old, then start managing it at that point til retirement. This is a very generic investment stratey that is supported by everyone that knows anything about money....everything else is either a major gamble, or doesnt reap big rewards.

All i'm saying is that its foolish to post outlandish investment advice online because only retards would listen to it. Chances are the people that have enough spare money lying around to invest in gold...arent the people that listen to "hour of darkness" for financiall advice.

"umm yeah bob, i heard from this guy online...his screen name is "hour of darkness"....he told me gold is the way to go!...lets pool our money and invest!!!!"

Are you kidding me???

There is no "safe" investment that will give great returns. If there is no risk...there is not much potential for dividends.

Pretty simple.


Also....fort knox had gold in it 30 years ago, but has been closed to the public ever since. No one really knows what is now inside Fort knox.....Many believe, there is no gold in it at all. Some believe otherwise. Lots of conspiracy theories.

Google search it. Very interesting topic actually.[/QB][/QUOTE]