WOODY said:
I lived there for 2 year and 1 month:biggrin: and I bought another house before I even moved out of the old one.
Need Investment advice, Help!
- Thread starter The Kid
- Start date
I lived there for 2 year and 1 month:biggrin: and I bought another house before I even moved out of the old one.
- Joined
- 18 July 2005
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- 2,636
Dtrigg said:
Simply stating the obvious in that post. However you want to perceive it is your business.
imho I don't think Michael needs Dave Ramsey. Dave Ramsey is for people who cannot control their spending habits and misuse credit. I think Michael is more advanced than that.pelletz said:
Wow, I'm very impressed. You've definitely earned your income, it sounds like. I can't imagine making six figures since I was 22. I might be retired by now if that was the case. Anyway, congrats to your hard work and the resulting success. And remember I will want an employee discount on the next NSX. :biggrin:The Kid said:
The Kid said:
You giving the 25K to your parents says a lot in my book.:smile:
1. Pay any outstanding debt if you have any will be number one.
2. Be a good time to open a portfolio with Ski_Banker?
No matter what you do, I'm sure it will do well.
Ton
Ski_Banker
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Stick-e-rice said:
Agreed with Ton - very cool in my book as well.
If you really are struggling with "what to do" I would highly recommend getting the names of trusted financial advisors from folks you know and meet with them. Word of mouth is the name of the game amongst financial advisors. Good luck and have fun with it. :smile:
bandit said:i take my hat off to you dude:smile: not many young guys are focused like that, watch out for the gold diggers
last chick took me for a bunch, im more careful now. But after it was said it done, still the best 3 years of my life. Wild, fun and a did I mention fun:biggrin:
:smile: there is a offshore bank that i have invested some money in
they give you up to 21%intresst for your money BUT you cannot tuch your money in a period of 5years , after 5years you can take out your mony inkluding intresst, the bank is realibel and insured by guverment
bye
they give you up to 21%intresst for your money BUT you cannot tuch your money in a period of 5years , after 5years you can take out your mony inkluding intresst, the bank is realibel and insured by guverment
bye
Deamon said:
Out of curiosity, do you know which government insures it?
hey Kid,
its really cool that you threw some money at your parents. very respectful. i hope to do that one day as well. Lord knows where I would be without them!
its really cool that you threw some money at your parents. very respectful. i hope to do that one day as well. Lord knows where I would be without them!
Deamon said:
That is 4%/year: not bad but not spectacular... in which currency? Because Euro pays 2.5% easily already in normal interests...
(here in Switzerland we get 0,5% interests... :frown: :frown: :frown: )
I went to Bank of America and opened up a 7 month liquid CD. There is no risk and no penalty for withdrawls (up to 6). The rate is 3.78% and the annual rate is 3.85%. I checked ING and they seemed alright but im kind of old school and like knowing I can go in and take out cash whenever I want.
Ski_Banker
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The Kid said:
The Grandpa
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The Kid said:
A CD?
The Kid said:
You Dated ParisModel?:biggrin: :biggrin: :wink:
For the record I agree with others that someone of your age and income ought to be seeking better returns, but if you want old-school, local and risk-free, this seems like a decent deal:
http://direct.citibank.com/cbol/06/eSavings/default.htm
http://direct.citibank.com/cbol/06/eSavings/default.htm
Ski_Banker
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New York
Tech M&A Hits Highest Level Since Bubble Burst, Says Report
By _____
Technology 3/31/2006 – Last year merger and acquisition activity in the technology sector reached its highest level since the tech bubble burst in 2000, according to financial services firm Stanford Group Co. With several tech segments, such as application software, ripe for consolidation, that trend is likely to continue in 2006.
Last year, a total of 3,117 mergers worth some $339 billion were announced by tech companies worldwide, Stanford Group said in a recent analysis. Both figures were the highest since 2000, when 4,610 deals worth $559 billion were announced.
Though the number of private equity transactions - including venture capital investments and leveraged buyouts - slipped slightly to 1,600 last year from 1,617 in 2004, the value of such transactions also reached a post-2000 record -- deals worth $40.3 billion were announced in 2005 versus $59.3 billion in 2000.
The activity was driven by consolidation in such segments as application software, security software, semiconductors, and test and measurement products, said Michael Guptan, head of Stanford Group's technology investment banking group. After years of rapid growth, companies in those sectors are maturing and looking to combine with competitors in order to bulk up quickly, he said.
Activity was also driven by customers' demand for one-stop shopping, Guptan said. This is a break from the dot-com era, when start-ups with a single business line - online shopping, for instance - were able to attract investors.
"When the Internet wave was coming, the market liked one-off technology," Guptan said. "Now the market is much more in favor of broad-based offerings versus specialized offerings."
Now is a good time to invest in the tech sector because valuations are still comparatively low post-bubble, Guptan said. Though prices have edged up over the last few years, "they haven't crossed the bubble point yet," Guptan said. And more small public companies will be looking to go private in search of independence and lower costs, he said.
All these trends will continue in 2006 and private equity firms are bound to capitalize on them. Guptan predicts that the value of buyouts will go up this year, thanks to the bigger funds amassed by buyout firms and the continued availability of debt. In 2005, 30 LBO deals for U.S.-based companies closed with a combined value of $19.4 billion, according to Stanford Group. (Comparable figures for earlier years weren't available.)
There are risks, however. For instance, more companies are moving operations offshore to save costs, and companies that aren't outsourcing functions will experience greater pricing pressures. Financial buyers also face fierce competition from acquisitive corporations such as Oracle Corp. and Cisco Systems Inc.
It is in the middle market that buyout firms have a leg up, Guptan said. "People who get squeezed are middle-market public companies, which have not much power and no deep pockets," he said.
Tech M&A Hits Highest Level Since Bubble Burst, Says Report
By _____
Technology 3/31/2006 – Last year merger and acquisition activity in the technology sector reached its highest level since the tech bubble burst in 2000, according to financial services firm Stanford Group Co. With several tech segments, such as application software, ripe for consolidation, that trend is likely to continue in 2006.
Last year, a total of 3,117 mergers worth some $339 billion were announced by tech companies worldwide, Stanford Group said in a recent analysis. Both figures were the highest since 2000, when 4,610 deals worth $559 billion were announced.
Though the number of private equity transactions - including venture capital investments and leveraged buyouts - slipped slightly to 1,600 last year from 1,617 in 2004, the value of such transactions also reached a post-2000 record -- deals worth $40.3 billion were announced in 2005 versus $59.3 billion in 2000.
The activity was driven by consolidation in such segments as application software, security software, semiconductors, and test and measurement products, said Michael Guptan, head of Stanford Group's technology investment banking group. After years of rapid growth, companies in those sectors are maturing and looking to combine with competitors in order to bulk up quickly, he said.
Activity was also driven by customers' demand for one-stop shopping, Guptan said. This is a break from the dot-com era, when start-ups with a single business line - online shopping, for instance - were able to attract investors.
"When the Internet wave was coming, the market liked one-off technology," Guptan said. "Now the market is much more in favor of broad-based offerings versus specialized offerings."
Now is a good time to invest in the tech sector because valuations are still comparatively low post-bubble, Guptan said. Though prices have edged up over the last few years, "they haven't crossed the bubble point yet," Guptan said. And more small public companies will be looking to go private in search of independence and lower costs, he said.
All these trends will continue in 2006 and private equity firms are bound to capitalize on them. Guptan predicts that the value of buyouts will go up this year, thanks to the bigger funds amassed by buyout firms and the continued availability of debt. In 2005, 30 LBO deals for U.S.-based companies closed with a combined value of $19.4 billion, according to Stanford Group. (Comparable figures for earlier years weren't available.)
There are risks, however. For instance, more companies are moving operations offshore to save costs, and companies that aren't outsourcing functions will experience greater pricing pressures. Financial buyers also face fierce competition from acquisitive corporations such as Oracle Corp. and Cisco Systems Inc.
It is in the middle market that buyout firms have a leg up, Guptan said. "People who get squeezed are middle-market public companies, which have not much power and no deep pockets," he said.
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