Yes, a boring thread, but if any smart financial guys here, since I don't have $52M.

Discussion in 'The Howard Stern Show' started by Dlist, Jun 9, 2013.

  1. Dlist

    Dlist Well-Known Member VIP

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    I know there are a few smart dudes among the dawgsaloon, any finance guys?
    Thoughts on the following

    1) buy real estate and rent it out? or wait for real estate to tank once again, then buy and rent stuff out.
    2) selected indiv dividend stocks, both foreign and domestic?
    3) EFTs both US and foreign?
    4) gold going up or down? how about gold mining stocks?
    5) bearish foreign currency ETF that trade higher as the dollar weakens?
     
  2. chuk

    chuk Well-Known Member

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    SIM cards.
     
  3. Dlist

    Dlist Well-Known Member VIP

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    You know what...after I posted this thread...I knu I would get fun and funny posts but nothing really useful...
    I do not know how to delete a thread.
     
  4. booybob

    booybob Well-Known Member Banned User

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    Buy foreclosures or short sales and rent them out. Do not buy homes that are listed for sale, you will pay too much.
    Make sure you get an inspection before you sign any contract to buy. If you can, get a section 8 certificate, guaranteed money every month.

    Buy well known and established dividend paying stocks. If it ain't been around for 20+ years don't buy it.

    3-5, I have no answer
     
  5. Mr Sinister

    Mr Sinister Gold

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    :roll:
     
  6. Dlist

    Dlist Well-Known Member VIP

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    crap I don't want to rent out to section 8.....
     
  7. nicksgt

    nicksgt Well-Known Member

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    Don't buy paper gold. Physical inventory only.
     
  8. Dlist

    Dlist Well-Known Member VIP

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    Yeah I know but if I buy through a depository (they hold), when the federal governments confiscates it, I'm f*ed.
    I have a gold etf what has made some $$$.
    Oh, and my dad's gold teeth...my mom gave it to me when he died...if that kind of weird or is it me?
     
  9. booybob

    booybob Well-Known Member Banned User

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    Then don't.
     
  10. ExBSEmployer

    ExBSEmployer Member

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    I'm far from being a financial wizard, but I always recommend that people read the book "The Millionaire Next Door" and remember that personal wealth isn't necessarily how much you earn -- it's how much you earn minus how much you spend ... There are a ton of big-time earners in this country who unfortunately spend almost as much as they make with no consideration for their long term future or retirement. There are also a lot of people who opt for high-risk investments instead of taking the safe route. Sure, you could argue the point where there's no big risk there's no big reward, but there's also nothing wrong with occasionally taking the more conservative approach. With that said, I strongly believe that everyone should have an IRA. There are a bunch of different options (traditional IRA, Roth IRA, deductible, non-deductible, etc) and there's a lot of debate about which options are better. Your options also depend on how much money you make, whether you're single or married, your current age, etc. An IRA won't help you get rich quick, but the earlier you start in life the more thankful you'll be when you get to retirement age.
     
  11. AuntDolly

    AuntDolly Musculature Gold

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    It is weird, but I'm wishing my mom had done that. My dad had a mouthful of gold. :D
     
  12. ilovebacon

    ilovebacon Well-Known Member VIP

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    What? You don't have 52 million?!?!?!?

    [​IMG]
     
  13. Dlist

    Dlist Well-Known Member VIP

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    I got all the basics down...just wondering if we are going to see another major correction in the stock market soon, and huge drop in the value of the $ and ways to hedge against that.
    Thinking agricultural commodities b/c when the dollar weakens, foreign countries buy from us b/c the dollar is so cheap.
    Also foreign fund ETFs.
    And, I'll sell my dead daddy's gold teeth...
     
  14. Robert Higgins

    Robert Higgins Well-Known Member VIP

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    Buying real estate now is a good investment. But not at 20% over the appraised value. Howie pissed away $10 million, stupid fuck.
     
  15. Dlist

    Dlist Well-Known Member VIP

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    That! Buy short sales/foreclosure....none of that bidding war stuff like in my neighborhood.
    F*ing Indians want to move here in droves...
     
  16. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...wrong wrong wrong. when you buy from them the contract states they are not responsible for loss due to theft fire terrorist act etc etc. all you own is paper. gold has gone down but if you want to buy gold only buy actual gold you can touch and hold. that other paper gold gig is way too high a risk.
     
  17. remdeprived

    remdeprived Well-Known Member

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  18. Dlist

    Dlist Well-Known Member VIP

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    So WTF, I'm supposed to have a bunch of bullion shipped to my house and just sleep with it under my mattress and a shotgun at my side at all times? Bury it in the backyard maybe?
     
  19. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...i dont know how much you plan on buying but yeah you need to figure out how you want to stash it.
     
  20. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...ill sell you some gold cheap dlist. just send me your money and ill send you pics of youre purchased gold with a certificate of authenticity and ill hold the gold for you. k eep in mind i am not responsible for loss or theft or acts of terror. tra lala, i think i locked the door when i left. pm me and ill tell you how to move forward.