looking to own a boxster S

[mustang2porsche]

what your saying is invest my money instead of spending it... and i'm not that young. 23 is an experienced youngster... didn't think of getting a life lesson vs "hey this car kicks ass" as i expected. still, they don't teach investing in college, they teach pointless things like jazz, judo, and reading & critical thinking, plus alot more useless electives.

[Perfectlap]

Originally Posted by mustang2porsche

what your saying is invest my money instead of spending it... and i'm not that young. 23 is an experienced youngster... didn't think of getting a life lesson vs "hey this car kicks ass" as i expected. still, they don't teach investing in college, they teach pointless things like jazz, judo, and reading & critical thinking, plus alot more useless electives.

Being 23 is a fetus in investment years.

I was not taught in about investing in college either. Well sort of, I had an econ professor who basically ignored the syllabus and told us about the stocks he lost money on and those he made money on. Half the class paid absolutely no attention to any of it, they were too busy dreaming about 5.0 Mustangs or Acura NSX's.
Those of who did pay attention ran with it. See no one is ever going to teach you what you need to know to become financially wealthy. NEVER. They want you working for them, either the bank wants you owing them, or your boss wants you making just barely enough to never quit. But today you have this miracle invention that I never had called Wikipedia. What used to take me weeks, months if not years to figure out by asking in person, over the phone, digging through out-dated books, newspapers and magazines can now be learned/profited from in a matter of a few clicks - in real time. I would have been making six figures in highschool... probably spending it too. but at least the frontal lobe can rescue you by 25 so you stop being foolishly impulsive.

Here's an example. Tesla motors was trading at $30 last year. It recently went to $150. Your tax bill for selling that stake a year later? 15%. The commission you pay to the broker? As little as $5. -- As in you keep just about all of it. It's not about making that particular trade, its about understanding how it happened in the first place. These are things that everyone who ever wants to stop working for the bank or a boss who thinks they are expendable must learn but few ever do.

[mustang2porsche]

Originally Posted by Perfectlap

Being 23 is a fetus in investment years.

I was not taught in about investing in college either. Well sort of, I had an econ professor who basically ignored the syllabus and told us about the stocks he lost money on and those he made money on. Half the class paid absolutely no attention to any of it, they were too busy dreaming about 5.0 Mustangs or Acura NSX's.
Those of who did pay attention ran with it. See no one is ever going to teach you what you need to know to become financially wealthy. NEVER. They want you working for them, either the bank wants you owing them, or your boss wants you making just barely enough to never quit. But today you have this miracle invention that I never had called Wikipedia. What used to take me weeks, months if not years to figure out by asking in person, over the phone, digging through newsapers and magazines can now be learned/profited from in a matter of a few clicks. I would have been making six figures in highschool... probably spending it too but at least the frontal lobe can rescue you by 25.

Here's an example. Tesla motors was trading at $30 last year. It recently went to $150. Your tax bill for selling that stake a year later? 15%. The commission you pay to the broker? As little as $5. -- As in you keep just about all of it. It's not about making that particular trade, its about understanding how it happened in the first place.

hmmm so, i should say.... buy some of fords stock, and hopefully when the 2015 mustang releases and succeeds, pull out with a profit.

[Perfectlap]

Originally Posted by mustang2porsche

hmmm so, i should say.... buy some of fords stock, and hopefully when the 2015 mustang releases and succeeds, pull out with a profit.

nope. It means keeping your cash in cash. And not spending it on something that is only going to lead to more spending. In the interim learn the very basics of investing. Investing for dummies, read about Warren Buffett, go to wikipedia, talk to a friend whose in the investment business, just get started in some way. Stop talking to only young people who only care about Range Rovers and iPhones.

Don't invest a dime until you've covered that ground. And even then don't make any big moves. Then learn the difference between investing and trading(gambling/speculation). Buy 1 share here 1 share there. 1 ETF here 1 ETF there. Learn about the process. There is no "plan" for learngin to become wealthy from investment while young and avoiding consumption. It's the sum total of all your efforts.

^That there is more than enough to keep you busy. Remember when it comes to handling your money, you always want to be the smartest person in your group of friends, not the most conspicuous spender.

[mustang2porsche]

Originally Posted by Perfectlap

nope. It means keeping your cash in cash. And not spending it on something that is only going to lead to more spending. In the interim learn the very basics of investing. Investing for dummies, read about Warren Buffett, go to wikipedia, talk to a friend whose in the investment business, just get started in some way. Stop talking to only young people who only care about Range Rovers and iPhones.

Don't invest a dime until you've covered that ground. Then learn the difference between investing and trading(gambling/speculation). That there is more than enough to keep you busy. Remember when it comes to handling your money, you always want to be the smartest person in your group of friends, not the most conspicuous spender.

actually i have cheap ass friends who drive hondas and mazdas with flip phones, on the other hand i have the sports coupe/ pony car and a cousin with a s2000 and soon a carrera ( once he comes back from Ft benning). though i do prefer to have my money work for me, but until i find out how to make it work, then i might as well spend some, not all. also range rovers are overrated just like iphones. suburbans and samsung S4s is where it's at. shoot after i get my bachelors i would prefer to open my own car dealership which seems to be a good gamble, but everyone needs used/ new cars.

Originally Posted by Highlow

I can't speak for you personally because I don't know your financial situation, but I bought my boxster at 18 and have been in school since (22 now). No issues relating to school, no scratches, vandalism, etc.

I haven't once regretted it.

i did the stupid thing and spent too much money with my fellow soldiers on alcohol, food, and girls, came home only with enough money for a low mileage v6 mustang or a high mileage GT, took the v6 and been beating myself for buying it, and recently learn to love it knowing that mustangs can suprisingly handle. not great, but good enough to stay on a similar year miata... with a few upgrades.

[Highlow]

Originally Posted by mustang2porsche

what your saying is invest my money instead of spending it... and i'm not that young. 23 is an experienced youngster... didn't think of getting a life lesson vs "hey this car kicks ass" as i expected. still, they don't teach investing in college, they teach pointless things like jazz, judo, and reading & critical thinking, plus alot more useless electives.

I can't speak for you personally because I don't know your financial situation, but I bought my boxster at 18 and have been in school since (22 now). No issues relating to school, no scratches, vandalism, etc.

I haven't once regretted it.