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> The Financial Advise thread., I can help, seriously!
Douchebag
post Jun 17 2008, 12:15 PM
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OK. As some of you may know I'm a Financial Advisor when I'm not on the internet causing trouble. If you have any questions about the economy or want ideas of what to do with you money feel free to ask. Also, I know some of you know Pro fighters in boxing or MMA, if you are comfortable with it feel free to pass on my information to them so I can be of assistance. It makes me sick to my stomach when I hear stories like that of Mike Tyson and Evander Holyfield who both lost their fortunes because they had the wrong people around them giving the worst possible advise as to what to with their money.


-Seriously "The Conscience" as an internet character will not make any appearances’ in this thread, so ask away even if we have had falling outs in the past. None of that has any bearing in this thread.
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Mean Mister Must...
post Jun 17 2008, 12:40 PM
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You need to get back to Fighthype headquarters and help us out.
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Spyder
post Jun 17 2008, 01:18 PM
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When high, should I buy or sell?
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Douchebag
post Jun 17 2008, 04:26 PM
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QUOTE(Spyder @ Jun 17 2008, 02:18 PM) [snapback]392840[/snapback]
When high, should I buy or sell?
\\



Typically you should be selling, but it really depends on whats in your portfolio.
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D-MARV
post Jun 17 2008, 06:05 PM
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I'm 23, fresh out of school, What advice can you give me about retirement funds?
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Bill The Butcher
post Jun 17 2008, 06:20 PM
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Yeah, I would like to hear about retirement funds as well.

I'm getting Financial Aid at the moment through a community college to get my AA transfer degree, but I was also wondering if there is scholarships and grants out there where I can keep going to college to get a Bachelor's, Masters, and so on without forking over a ton of money and getting in debt with student loans?
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Douchebag
post Jun 17 2008, 06:54 PM
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QUOTE(damarvelous1 @ Jun 17 2008, 07:05 PM) [snapback]392855[/snapback]
I'm 23, fresh out of school, What advice can you give me about retirement funds?



That's a good question. You should open up an Individual Retirement Account (IRA). IRA's are just like any other accounts they just get special tax treatments because the funds are specifically allocated for one retirement. Since you are so young(it's a good thing that you are thinking about this stuff now.) I would recomend a Roth IRA vs a Traditional IRA.

The difference between the two is that the funds in a Traditional IRA have not been taxed at all so the principle (the money you put in) and interest(the money that builds from the Principle) get taxed when you take it out. In a Roth the principle is taxed on the way in to account so only the interest is taxed when there is a distribution. This means that there is more flexibility with a Roth IRA vs a Traditional.

Here is some more IRA info.
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Douchebag
post Jun 17 2008, 06:57 PM
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QUOTE(Bill The Butcher @ Jun 17 2008, 07:20 PM) [snapback]392861[/snapback]
Yeah, I would like to hear about retirement funds as well.

I'm getting Financial Aid at the moment through a community college to get my AA transfer degree, but I was also wondering if there is scholarships and grants out there where I can keep going to college to get a Bachelor's, Masters, and so on without forking over a ton of money and getting in debt with student loans?



There are grants and scholarships available to you, but like everything else you have to research which one you qualify for.
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STEVENSKI
post Jun 17 2008, 10:08 PM
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Conscience

I am cautious about accepting financial advice when you spell advice "advise".
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Douchebag
post Jun 17 2008, 10:39 PM
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QUOTE(STEVENSKI @ Jun 17 2008, 11:08 PM) [snapback]392879[/snapback]
Conscience

I am cautious about accepting financial advice when you spell advice "advise".



Look, posting on this site is a hobby.....Do you know how much shit I'm juggling in my life right now? I catch what I can and what miss, so be it. Now go somewhere and play.....This thread is not for that.

This post has been edited by The Conscience: Jun 17 2008, 10:40 PM
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