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Safora
Full Member
Cash: $ 13.80
Posts: 67
Joined: 13 Apr 2006
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| Hi! (or insert favorite generic intro post title here) |
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Ok...I suck at intro posts.
I'm Safora, Rolo's wife. I thought I'd join the board because I eventually want to try investing a bit on a small scale to see if I can do it. I also want to look into ways to make some extra income. My goal is through investing and some type of business to be able to quit my regular job. I have to be able to make about 3K a month to do that.
Anyway, I am looking forward to meeting everyone here.
"True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself." ~Henry Miller
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Tue Apr 18, 2006 2:21 pm |
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coaster
Senior Advisor
Cash: $ 1358.20
Posts: 6687
Joined: 11 Oct 2005
Location: Wisconsin
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Welcome!! It will be interesting to read your opinions and compare them to Rolo's. Hopefully we'll have some lively topics here. 
~Tim~
Eye Candy : Why Whimsy
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Tue Apr 18, 2006 2:23 pm |
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Safora
Full Member
Cash: $ 13.80
Posts: 67
Joined: 13 Apr 2006
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quote:
Originally posted by coaster
Welcome!! It will be interesting to read your opinions and compare them to Rolo's. Hopefully we'll have some lively topics here.
Oh I'm sure of it. 
"True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself." ~Henry Miller
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Tue Apr 18, 2006 2:39 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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quote:
Originally posted by coaster
Hopefully we'll have some lively topics here.
heh...you have NO idea.
She actually does listen to my market banter with genuine interest. (as opposed to listening just for listening...not for content)
"Expect me when you see me."
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Wed Apr 19, 2006 3:01 am |
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jwhite622
Full Member
Cash: $ 17.25
Posts: 84
Joined: 02 Apr 2006
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| Re: Hi! (or insert favorite generic intro post title here) |
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quote:
Originally posted by Safora
Ok...I suck at intro posts.
I'm Safora, Rolo's wife. I thought I'd join the board because I eventually want to try investing a bit on a small scale to see if I can do it. I also want to look into ways to make some extra income. My goal is through investing and some type of business to be able to quit my regular job. I have to be able to make about 3K a month to do that.
Anyway, I am looking forward to meeting everyone here.
I know you'll do great...Rolo's pretty dumb, but seems to be good with money--so if all else fails just take his profits...haha
Welcome...
Did J.Dub1 put you up to this?
I can never learn enough...
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Wed Apr 19, 2006 4:10 am |
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Safora
Full Member
Cash: $ 13.80
Posts: 67
Joined: 13 Apr 2006
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| Re: Hi! (or insert favorite generic intro post title here) |
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Thanks for the welcomes everyone.
quote:
Originally posted by eversun
You'll definitely learn a lot if you stick around here.
I am noticing that. And noticing how much there is to learn. Thats ok, I have a great in-home tutor on the subject and I think this board will expose me to more concepts so I will know what questions to ask.
quote:
Originally posted by jwhite622
if all else fails just take his profits...haha
Can't... Damn pre-nup!  lol
quote:
Originally posted by jwhite622
Welcome...
Did J.Dub1 put you up to this?
Nope, though I know he is glad I am interested. Actually I asked him if I could post here because I wanted to learn more about investing and business. Even though J handles all the finances, I would like to try to invest a little bit myself, just to see what I am capable of. And honestly I like $, but what girl doesn't right?
My main goal though, is to figure out how to work outside the house as little as possible. I have an amount of $ I am required to make each month for the financial plan to work. I'd like to be able to make some of that happen from here.
"True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself." ~Henry Miller
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Wed Apr 19, 2006 2:16 pm |
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coaster
Senior Advisor
Cash: $ 1358.20
Posts: 6687
Joined: 11 Oct 2005
Location: Wisconsin
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<coaster gets on his soapbox>
Safora -
If you're thinking in terms of how much money per month is required, that's know as a "short-term time horizon." If it's money that you want to depend on coming in on a monthly basis now, you're limited to fix-income investments. These range from fixed net asset value instruments such as CDs and money-market funds yielding around 5% (and dependent on govenment interest rate policy) to fluctuating net asset value instruments such as bonds, convertible bonds, and preferred stocks. Anything whose value fluctuates shouldn't be depended on for their asset value to produce monthly income because one month might be up and the next month down and you can't forecast which way it's going to go.
I encourage you to think in terms, not of current income, but of growing you net worth over the long term. Then sometime far in the future, when you don't want to put your capital at risk any more, you can convert those assets to an income stream.
That's investing.
<coaster gets off soapbox>
~Tim~
Eye Candy : Why Whimsy
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Wed Apr 19, 2006 2:40 pm |
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Safora
Full Member
Cash: $ 13.80
Posts: 67
Joined: 13 Apr 2006
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quote:
Originally posted by coaster
Safora -
Anything whose value fluctuates shouldn't be depended on for their asset value to produce monthly income because one month might be up and the next month down and you can't forecast which way it's going to go.
I encourage you to think in terms, not of current income, but of growing you net worth over the long term. Then sometime far in the future, when you don't want to put your capital at risk any more, you can convert those assets to an income stream.
That's investing.
<coaster gets off soapbox>
That makes sense. I think clairifying my goals to myself is where I need to start then huh?
I want to do focus both on short term and long term investments. However, I don't have to worry too much about investing for retirement because J handles that. Anything I make is extra. Really, I just want to see how well I can do at investing. Also my job hours are very flexable in that I can pretty much decide the # of hours I want to work a week. If I need full time one week I can usually get it and if I don't want to work at all the next week I don't have to. I think that probably puts me in a position where I can handle a bit more risk. Thoughts?
"True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself." ~Henry Miller
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Wed Apr 19, 2006 3:35 pm |
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coaster
Senior Advisor
Cash: $ 1358.20
Posts: 6687
Joined: 11 Oct 2005
Location: Wisconsin
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Yes, if your retirement is already set, and you don't need to focus on current income, then I'd say to take a sum of money, kiss it goodbye*, and try your hand at aggressive investing and/or trading.
*kiss it goodbye - psychologically speaking. It should be a sum of money segregated from what you need either to live on or for any needs that might come up in the near future. I think if you just write off the money ahead of time you don't think in terms of what it can buy, either basic necessities and shelter, or luxuries. You just begin to think in terms of being right or wrong on your trading decisions, not in terms of how much money you gained or lost. When you think in terms of how much money you're putting at risk and how much that money could buy, then it begins to influence your decision making process and also your tolerance for taking a loss. Often when people have a low tolerance for taking a loss they actually end up losing more money because they stay with what was a bad choice hoping it will come back. So by psychologically saying "bye bye" to the money involved you're actually more likely to be successful at making it grow. And I should add this technique works well only if you're using a well thought out approach and have the discipline to follow it. If you're just throwing money at the market, then the only thing that will save you from ruin is luck.
It works for me, anyway.
~Tim~
Eye Candy : Why Whimsy
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Wed Apr 19, 2006 4:04 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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quote:
Originally posted by coaster
*kiss it goodbye - ...
A good way to detach.
quote:
Originally posted by coaster
If you're thinking in terms of how much money per month is required, that's know as a "short-term time horizon." ...
What she means is, according to our FinPlan, she is required to maintain a minimum amount of cash-flow.
"Expect me when you see me."
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Thu Apr 20, 2006 3:14 am |
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Safora
Full Member
Cash: $ 13.80
Posts: 67
Joined: 13 Apr 2006
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quote:
Originally posted by Rolo
quote:
Originally posted by coaster
*kiss it goodbye - ...
A good way to detach.
That's exactly what I need...the correct perspective in order to detach and keep my emotions under contol.
quote:
Originally posted by Rolo
What she means is, according to our FinPlan, she is required to maintain a minimum amount of cash-flow.
Huh, I thought I said that. Coherent thought is such a PITA. Thank God we can translate for each other.
"True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself." ~Henry Miller
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Thu Apr 20, 2006 4:49 am |
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coaster
Senior Advisor
Cash: $ 1358.20
Posts: 6687
Joined: 11 Oct 2005
Location: Wisconsin
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quote:
Originally posted by Safora
.... Thank God we can translate for each other.
Ain't it great? I needed Rolo's translation. 
~Tim~
Eye Candy : Why Whimsy
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Thu Apr 20, 2006 11:39 am |
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Safora
Full Member
Cash: $ 13.80
Posts: 67
Joined: 13 Apr 2006
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quote:
Originally posted by coaster
quote:
Originally posted by Safora
.... Thank God we can translate for each other.
Ain't it great? I needed Rolo's translation.
It's just our way, to clarify for each other. We both sometimes run into trouble communicating clearly so we help each other out when we can.
"True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself." ~Henry Miller
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Thu Apr 20, 2006 1:58 pm |
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Kiaser
Senior Member
Cash: $ 43.05
Posts: 209
Joined: 12 Apr 2006
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| Re: Hi! (or insert favorite generic intro post title here) |
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quote:
Originally posted by Safora
Can't... Damn pre-nup! lol
That's my boy, Rolo!
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Fri Apr 28, 2006 4:25 pm |
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