VISA

[TNTBudSticker]

if ur going to invest invest in stocks worth less than 50cents

example in 2003 i talked a freind into shares at $0.08 cents he bought $5k worth..
now hes UBER LOADED.. sold like 2 months ago at $8 bucks a share.. u do the math
not saying company but u could figure it out..

invest in small stocks that way even if u invest only 100 on a 10 cent share you could make 1k-100k easy..

Penny stocks are very risky

Dividends stocks are more safer form of investing

Why not tell us what stock it was....the more people that buy the stock that has increasing revenue in coming years..the more folks that increases the share price can profit from the stocks revenue

 

[TNTBudSticker]

I'm interested in Visa's IPO... any other info on this?

Good news !! It has been filed and its a 10 billion Visa IPO offering compared to Mastercard at 2.5 billion...Mastercard went 5 fold from its asking IPO price $45.00 to $193.00 per share in one and half years

Thats over 320% - $148 per share increase in 16 months

Visa might not do the same thing as Mastercard but one can do with limit orders and make money hand over fist

http://www.msnbc.msn.com/id/21715820/

Here's another link..

http://money.cnn.com/2007/11/09/news/companies/visa_ipo.ap/index.htm?section=money_mostpopular

 

[Linenoise]

The first part you mentioned is sound advice. The credit cards are designed so that if you only pay your minimum amount it will take you approximately 30-32 years to pay off your card. When you are dealing with a compunded monthly interest you quickly end up paying considerably more on interest than you ever did on the purchase.

I would humbly disagree with you about the wealthy not controlling the country. The wealthy have always and will always control all important aspects of society. Its a simple matter of power politics on a societal scale. Also when people talk about the man keeping the poor man down there is some legitimacy to that. Consider if you will:
I get a 30 year mortgage on a house valued at $80,000 USD @ 6% interest.
The total cost of that house becomes something close to $160,000 USD. If I had $80,000 USD available I could get that same house for well...$80,000 (probably alot less if paying in cash, but that is not pertinent here). Already a person with 80k in wealth ha made $80,000. That is comparatively speaking, not actual profit.

However, that person could then sell that house and hold a 30 year note on it and make his money back twice over. Granted there are risks when lending and there should be cost for that. I am just saying that the system is not friendly to anyone but the wealthy.

 

[Guest]

Itll take quite some time to get your credit fixed if your having any problems dont run, you gotta confront them straight on. Took me almost 3 years of perfect history to get a decent credit score going.

 

[floppyfundanglr]

Do i have permission to go on the; your credit card number is the number the devil uses to track you beef...please please. Haha I think credit cards have the potential to release the greedy bastard in all of us. Essentially i think these negatives that seem to be driven by some strange force can be seen as "The Devil." Well i mean in my opinion atleast, its a figurative thing. The whole bible even. A way to explain how to react to our strange urges. The credit card companies out there are run by smart people and they understand these feelings. They are people themselves. In fact most, if not all companies use these desires as a basis for business. Give us the unattainable so we can taste what its like to be a god. Like hi def on a sunday afternoon and the best seat in the house...a lazy boy recliner. If you cant be at the game you might as well feel like your there. If hope this isnt to abstract.

peace

 

[TNTBudSticker]

So you Win the Lottery at 50 million and they ask

"How did you come up with all the winnings numbers?"

You say " I used my credit card numbers"

 

[Guest]

Visa and other credit companies have brougth a lot of people a lot of problems. Google "Sean Moyer" for a tragic example.
American consumption debt is now 3000 billion dollar, this amounts roughly to 30000 dollars per family. Since 2005 Americans are "saving negative", 1 pct per year, this is for the first time since the great depression at the end of the twenties. 2/3 of the debts people who go bankrupt have are interests on the 1/3 of lended capital. In 2004 1500000 Americans went bankrupt, 10 times as much as during the great depression.These debts in combination with the infamous sub prime lending which lead to the recent stock market problems are a hughe risk. The bubble is bound to burst sooner or later. National debt is now 8800 billion dollars. The future is looking grim.

so next math lesson we'll work on the word trillion, otherwise known as 1000 X 1 billion

you're using a lot of mean (average) numbers and not using a mode number for the statistic which can be quite misleading.

A lot of the debt that you seem to be attributing to credit cards has almost as much or more to do with the housing boom we just went through with low interest rates and easy buyups.

The way people are currently incurring debt is actually good for the economy in the short term, as the lower interest rates we (the US) hase just shifted away from have stimulated spending which creates employment opportunities. Where it is bad is the mid to long term when people who have invested poorly (or over-aggressively in poor/weak mediums) are supposed to pay the money back and don't have the money to do it or even pay for necessaties(?sp?).

when you mention that 10 times more americans went bankrupt in 2004 than during the great depression i think you left out a couple items.....

1. The internet startup business boom that occurred just prior
2. the change in population between 1929 and 2004 in the U.S.


sorry, matsuva, i think you're a great contributor to the site and i like you, but many of your statistics are just plain misleading......

reminds me of my favorite statistic.........68% of statistics are made up or manipulated to fit various agendas



no doubt, national debt is scary high and our economy is headed for another recession most likely. I just get disspointed when stats have to be manipulated and used extremely selectively to make a point

 

[AbbieDoobie]

I did a bit of research on this, and it will be offered in early 2008. However, only bankers and insiders will get a shot at it. The common guy won't be able to buy a single share. The best strategy I've read is to wait about 2 to 3 weeks after the offering, after the price has dropped due to profit takers, and then buy it and ride it out. Then sell once it has maxed out to your liking.

~Abbie

 

[Guest]

Quoted from Linenoise above: "Consider if you will:
I get a 30 year mortgage on a house valued at $80,000 USD @ 6% interest.
The total cost of that house becomes something close to $160,000 USD. If I had $80,000 USD available I could get that same house for well...$80,000 (probably alot less if paying in cash, but that is not pertinent here). Already a person with 80k in wealth ha made $80,000. That is comparatively speaking, not actual profit."

Where on Earth can you find an 80,000 dollar house???

 

[WillWorkForBuds]

Quoted from Linenoise above: "Consider if you will:
I get a 30 year mortgage on a house valued at $80,000 USD @ 6% interest.
The total cost of that house becomes something close to $160,000 USD. If I had $80,000 USD available I could get that same house for well...$80,000 (probably alot less if paying in cash, but that is not pertinent here). Already a person with 80k in wealth ha made $80,000. That is comparatively speaking, not actual profit."

Where on Earth can you find an 80,000 dollar house???

I ****ing wish, dirt cheap here is 300,000k

 

[Linenoise]

Quoted from Linenoise above: "Consider if you will:
I get a 30 year mortgage on a house valued at $80,000 USD @ 6% interest.
The total cost of that house becomes something close to $160,000 USD. If I had $80,000 USD available I could get that same house for well...$80,000 (probably alot less if paying in cash, but that is not pertinent here). Already a person with 80k in wealth ha made $80,000. That is comparatively speaking, not actual profit."

Where on Earth can you find an 80,000 dollar house???

All sorts of places. Not everywhere in the US has crazy prices. We have a surging home market here because we get thousands of people moving here from California every month. Of course since they are used to paying $500k+ for a house they come here buy one twice as large as the one in California for half the price.

 

[marx2k]

No offense or anything there brother but you sound fairly young....guess what, if you really are actually paying off your balances in full each month you are not helping your FICO score as much as you could by carrying a small balance, and you were partially correct about the minimum monthly payment, but too smug and up on your high horse to try to help others;

Your FICO score is just a way to tell others how good you are at owing money. If the original poster's idea is not to live outside his means, then the FICO score wouldn't really come into use since that's for when you try living outside of your means.

But then, come to think of it... some employers look at your credit report as a pre-employment screening. WTF are they looking for?!

Bottom line people; always try to pay at the very minimum 2x your minimum payment , 3x if possible. ALWAYS take a day or night to think about any major purchase, if someone is selling you something and they can't let you sleep on it, chances are you probably don't need what they are selling you in the first place. Go to annualcreditreport.com once or twice a year and pull your credit report for free; it will not damage your score and you can select to pull it from one burue, two or all three major ones, I usually pick one and do it every 4 months or so, (probably overkill, but I have been dealing with alot of shiat on mine and need to monitor it closely) however this is completely free. Don't use any of the sites that require you to pay a monthly fee for this service, unless you are trying to fix something. Also Washington Mutual offers free credit report, fico score, and monitoring with their credit cards, although they do use transunion

Yep, I agree. I pulled reports from all 3 bureaus... all 3 said different things. None of them negative (my neg stuff already rolled off, so now the credit score is sky high but I already learned my lesson.). I used to work in a company like TeleCheck. It's ridiculous how credit reports can ruin your life. But it's also crazy how people see credit as real money that's THEIR money.

EDIT: you people that think America is evil and the wealthy people have all the control are morons; I am not saying wealthy people don't often get out of trouble for things in which normal people wouldn't....frankly you guys/girls just sound insane.

You went from a normal, reasonable post to this? Wealthy people DO have all the control. America, as a government and financial system to make those controllers wealthier and bring everyone else into industrial slavery is evil. The people that can do something about it and instead spend their lives trying to guess who will be the next American Idol and work for corporations whose only purpose is to sustain this sort of economic stronghold are evil. Evil in the sense that if you believe "the machine" is evil, these are all aspects of that machine.

Go try not paying your taxes for a long time and see how real that tax law is....its one of the first 20 ****ing amendments jackass, something about the right to collect taxes from the citizens...i want to say the 16th or 17th?

I have no problem with taxes as a way to fund social programs or help the needy. I do have a problem with every action I make from the time I wake up to the time I go to sleep to be taxed, and that money going to make bombs and not butter without my sayso. I have a problem with cities now taking full advantage of sin taxes to make up for shortcomings in their budgets that have accrued from less federal funding (bullets, not butter) and poor fiscal planning. I quit smoking cigs, but why should someone who enjoys them be taxed more and more because his state and city is losing money because they can't balance a budget? I don't gamble, but why should Indian casinos only have a right to exist when they contractually eat shit in way of super-heavy gratuities to the state? Why is the government, local and federal, using taxes as their only means of getting back in the black? And why should wars be fought and the wealthier get fatter on MY back? I guess if I was able to pay for a high-priced tax attorney to ensure that what I make doesn't all go to the government, I wouldn't have a problem

Although I do agree that people bring the debt upon themselves, I don't think people should be able to claim ignorance to that and declare bankruptcy for credit cards....

You're damn right. I was just talking about this with a coworker earlier. Well, not bankruptcy per se, but the complete lack of social, moral and fiscal responsibility in our society today. People do not want to be responsible for anything today.

 

[Tronic]

All I want to know is where is Depths of OG in this thread, spreading his vast knowledge........

 

[marx2k]

All I want to know is where is Depths of OG in this thread, spreading his vast knowledge........

I'm pretty sure he got banned. At least, I hope he did.

 

[Guest]

Just goes to show...location is everything, I mean you can move a house or build one, but good luck with the surroundings...

 

[TNTBudSticker]

I did a bit of research on this, and it will be offered in early 2008. However, only bankers and insiders will get a shot at it. The common guy won't be able to buy a single share. The best strategy I've read is to wait about 2 to 3 weeks after the offering, after the price has dropped due to profit takers, and then buy it and ride it out. Then sell once it has maxed out to your liking.

~Abbie

Sometimes....For example... NYX was offered at $60.00 per share right before its IPO opening day after so much rumors about how good the stock is..it was offered rumored at $30.00 per share..but then everyone got into it right before it opened..It was $120.00 per share at ended up to $150 per share in the middle of the day and went down to settle at $130.00...So thats $30.00 per share to make that day..just buy 10 shares and you made $300.00 that day if you sold or sold 8 shares and kept the rest.The knowledge is to wait one year for an IPO stock to gain market shares,but not always.

You need a stock screen to see the buying frenzy to show if the stock wants to climb higher.

 

[TNTBudSticker]

SOON !!! YaY !!

http://www.forbes.com/feeds/ap/2008/02/25/ap4691274.html?boxes=topstories

Finally !!

Given what the Market is doing at these times ( Bear Market ) It can be hard to do what MasterCard did

 

[-ShutterBug-]

Dee Dee Dee

Dee Dee Dee

(why was kenedy killed? Sivler Notes)

there are 300 billion people in the USA..
only 350 families are Billionairs.. with 99% of the money in the usa
only a about 50 of them have complete control over our government. Via the IRS..

There are how many people in the U.S., 300billion huh? And Kennedy was killed because of Silver Notes? And 50 people rule the U.S. goverment via the IRS. O.k. and what dimension should we call to get you a ride home. I think you been hanging with this guy too much.​

​

Wow I swear my I.Q. dropped reading your post.​

 

[FarmerJoe]

This is probably a good time to invest when I have little expenses and some saved cash. Whats the best way to go about it? Should I get a broker, or should I do it myself online?

 

[TNTBudSticker]

Found out that VISA will be released on 3/17/2008.It's an IPO so it may go through or not,Since some do and some don't according to the market.

You can invest yourself and buy the Shares and hold on to them and keep them in your account.Some do pay to keep money in your account anyways to earn interest just like a savings account

A broker can do this for you but you will have added charges and the Broker has to make a commission either YOU'RE making money or not

A Buddy of mine uses a Broker and sometimes they do have good advice if you want to buy in with other people so the Broker can batch your orders together.