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| | #1 |
| HyperActive Warrior War Room Member Join Date: Jan 2008 Location: , , .
Posts: 372
Thanks: 4
Thanked 25 Times in 17 Posts
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I have finally gotten to the point where I am making a lot of extra cash each month, and I am trying to figure out the best way to spend it My parents are trying to get me to invest most of it in stocks. But would I be better off putting it back in my business? I mean, within the last month, I started two new PPC campaigns, and have almost tripled my money. Should I keep on that track? I guess my question is, what should the split be between $$ spent on my business, and personal investments? |
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| | #2 |
| Active Warrior Join Date: Apr 2009
Posts: 85
Thanks: 6
Thanked 11 Times in 11 Posts
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I'm in the opinion, continue doing what you do best. Since PPC is making you money, continue with it ![]() Very common I heard advise from fund manager in my country saying "don't put all your eggs in one basket" - but all those fund manager are making a living earning salary, yet they teach others how to create passive income lol. I know Warrent Buffett said, they don't put all the eggs in one basket because they lack the skill and knowledge to do that. The choice is yours. |
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| | #3 |
| Krazy Kenster War Room Member |
Always put a little in the back pocket and invest in a few things, but I would invest a good portion of your earnings back in your business. You will likely see your business grow a lot faster than any stock or alternative investment. Its just always smart to not invest 100% in one thing so keep that in mind. |
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| | #4 |
| AdSense Realist War Room Member Join Date: May 2009 Location: Canada
Posts: 742
Thanks: 88
Thanked 99 Times in 76 Posts
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If you don't know anything about stock investing then don't invest. If you decide to invest, use your head. Investing long term in mutual funds is a relatively safe practice. Investing in companies that have consistantly been growing in the past 5 years would also be a safer bet. Also, prepare yourself for the long run. Never invest in a stock because you heard a tip or read something in the paper or a magazine. Also make sure you do some research. Most companies will provide you will earning reports etc to help you make an informed decision.
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| | #5 |
| HyperActive Warrior War Room Member Join Date: Oct 2009 Location: Warren, Australia
Posts: 131
Blog Entries: 56 Thanks: 4
Thanked 22 Times in 16 Posts
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Dont just go into stocks alone. Try housing as well. By investing into something other than your business you generate another income stream, which is very important. If your business ever suffers then you have another area that will be brining in money. Thats what all the big boys do.
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| | #6 |
| Use Your Illusion War Room Member Join Date: Dec 2007
Posts: 523
Thanks: 188
Thanked 179 Times in 114 Posts
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Real estate and cash value whole life insurance. Avoid the stock market ponzi scheme like the plague. Let me tell you about three books that changed my financial life for the better: The Ten Truths of Wealth Creation: How to Achieve Your Money Goals by John E. Girouard Becoming Your Own Banker by Nelson Nash and... Killing Sacred Cows by Garrett B. Gunderson I suggest all three, but pick even just one...read it...and your life will be flipped upside down. |
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| | #7 |
| HyperActive Warrior Join Date: Jul 2009
Posts: 266
Thanks: 1
Thanked 28 Times in 23 Posts
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You can make a lot of money in Penny Stocks if you know what your doing and do a few months of research. I use to do this back 20 years ago and I did very well. But...if you do this, don't rely on other people, follow the stocks yourself, know when to buy and sell. I've seen these stocks rise from .25 to 10.00 a share...in a months time. But I have also seen stocks go from .25 to 1.00 and back down in every day of the week for months. These stocks you casn buy low..and sell high, but you must follow the trend, and try never to gamble. Most people think penny stocks are a gamble....it's not...I would average 4 out of 6 winners constantly.....You only need a couple big winners out of 5 or 6 companies to strike it rich fast,I had a company called Nastech that went from .03 a share to $10.00 a share, people made millions on it !! Any way.....I'd stick to new Medical Stocks,Oil stocks,and High Tech Stocks.... Hope that helps..Thanks Mr Money Maker |
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| | #8 |
| Banned War Room Member Join Date: Oct 2009
Posts: 226
Thanks: 19
Thanked 26 Times in 19 Posts
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If you almost tripled your money with PPC in last few months I suggest you to continue in that way. Raise it to the next level with outsourcing. Not solely because of direct profit, but because of gaining additional experience, knowledge and ideas which will help you in projects to come. Just play smart and keep everything under control. If you`re willing to make additional stream of income I would rather consider idea of investing in housing than stocks. Anyway, do prompt research and invest in consultants before any important decision first. |
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| | #9 |
| Krazy Kenster War Room Member |
Stock market investing is tough. If you are doing bigger stocks, remember that a vast majority of trading volume is done by huge pension funds, mutual funds, fund managers, advisors, insurance cos, etc so it will be very hard to outsmart these people who have done this for years. Penny stocks can be done as stated above but it is a very volatile industry. I would suggest sticking a portion of your income into a fund and then invest a good portion of the remainder into your internet business! |
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| | #10 |
| Warrior Member Join Date: Aug 2007 Location: , , .
Posts: 21
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I have had some great stock experiences over the last 16 years. More then knowledge, more then education, and more then skill, there is one thing that beats everything else. It's not WHAT YOU KNOW, it's WHO YOU KNOW. It's far better to be lucky then smart. The stock market is a crap shoot, unless you know the players and have a relationship with them. I will make 20 times my investment on several stocks in a 2 month period. My advice would be to find a great product in development, establish a relationship with the owners and then buy or earn seed stock in the company. I know it's not easy. If it was, we would all be stock millionares. One thing for sure, don't invest more then you can afford to lose. |
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