Korean Job Discussion Forums

[NQP]

Make sure you invest it. What most people do is trade stocks until they have nothing left. A temporary shift in the market, or a particular stock, freaks them out and they think they have to sell. I have many friends who have done this. If you have to look at it every day, and worry about it, you should probably buy bonds. Over time, the market (a well diversified portfolio) gives about the same return as a corporate bond with a healthy rating. I am very risk averse and would drive myself insane with checking the status of my stocks.

In one of my ESL texts there was a story of a group of housewives who started an investment club. They needed a way to pick stocks and had no idea what to do. They each went home and looked around their homes for the things they used the most. They all had ketchup in the fridge, so they bought Heinz stock. They all used toilet paper and assorted soaps and toiletries, so they bought P&G stock. The point is that everyone likes the sexy stocks - tech, oil, minerals, new energy. However, some of the things that are bought, sold, and used the most are quite boring. Find a good cardboard box company. That will grow with the economy over time because everything is shipped in boxes.

The stock market is a tortise's game, not a hare's. Slow, steady, and cautious always wins.

[seosan08]

[bassexpander]

2 to 3 years may not be enough.

[mises]

Ok. eslcafe is not where you should be asking.

http://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0471730335

Buy and study the above book.

If you are really serious about managing your own money and finances, you ought to spend the 5k and do the CFP. That will bring you quickly up to speed. It can also be the basis of a new career back home. It can be done online.

[Thunndarr]

[itaewonguy]

there were some great bargains on wallstreet last week...

If freddy mae makes a huge come back, those shares went down to 50cent last week, and now shot up to 1.10
if they go back to 30 or 40 dollars as is once was, would be a great investment, yahoo shares went down to 9 dollars, and shot up to 12 dollars.. and Carl Ichan just bought 75 million dollars worth..
those shares should go back to 20 or 30 dollars soon too..

not to mention the ton of other stocks which all dipped, and investors bought the bargains.. if you do have 90K to invest, hope you invested last week!

[mises]