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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.
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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.
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