Buy Nintendo Stock

[Luke]

I was a financial adviser for a little over a year, series 7 and all of that good stuff (and yes, if you call yourself a financial adviser without the proper credentials, you can be charged with a felony). It was definitely sexy money, but I think I was just with the wrong firm.

The easiest way to purchase stock is through a certified Internet trader. Probably the cheapest way too. I don't fool around with stocks myself, I keep my money in bonds and T-Bills. It's not that I'm risk adverse, it's just that I've seen people gamble their entire life savings.

If you do plan on investing in stock, please do your research. I've read a few posts in this thread where people are mistaking facts for assumptions. There is no such thing as easy money.

[Inazuma]

I recently started to put money in mutual funds and continue to do so monthly (dollar cost averaging). As long as we recover from the recession, I'll end up making money. Normally I avoid the stock market but this seems like a sure thing. I hate gambling but when the odds are in my favor, I think differently.

[Luke]

The only sure things are death and taxes. Everything else is a gamble.

I recently started to put money in mutual funds....

What type?

[Inazuma]

The only sure things are death and taxes. Everything else is a gamble.

I recently started to put money in mutual funds....

What type?

I don't remember the exact names since that was months ago but they had good past performance. I know I have around 10% in unrealized gains right now. When I get home, I can look up that info for you.

Unless this recession lasts forever, I will end up making money so it's not that bad of a gamble I think. I started when the Dow Jones was in the 8000's area so that's why.

Stuff like slot machines and roulette wheels are just stupid imo. Sure, there is a small chance you will walk away with more money but generally speaking you would be better off not ever doing it.

[fast]

Depends on how the roulette table is setup. If it is four hour shifts on the spinner, or more, then eventually there will be a pattern. People get tired and they form habits, it just happens.

My stats professor in college made all of the money he needed for his masters and doctorate playing roulette.

Slots on the other hand are all controlled by microchips, but if you do play, play the ones in the front of the location. Easily viewing from the outside.

[corn619]

Nintendo seems to be running out of ideas besides your not a financial expert.

Neither are you. They have the best selling system in the portable and home console market. Nintendo is a company known to lead in innovation and ideas while the rest follow. They may have had some dark days in the N64, GC days but even then they have the very successful Game Boy console. Its not unreasonable to advise buying Nintendo stocks, just look at how they turned themselves around in a matter of a few years. I'm no fan of the Wii from a gamers perspective but, from a business perspective its the best thing since sliced bread.

[Luke]

As far as investments go, I made a dynamite one when I was 21 in Life insurance.
I sold it to myself, so I didn't lose anything on my premium, the company I bought it from will bay me 7% annually of my premium, and if I die before I turn 50, my wife gets over $1,000,000. If I live to 50 (that's part of my plan), I'll have $1,000,000 of cash that is nontaxable (dividends on the policy paid are taxable though), liquid, and is easy to withdraw and convert. the funds will be taxable when withdrawn, but it's still a great deal.

If you can afford it, are young and in good health, you should look for something similar. It's nice to know that in 20 some years I won't have to worry about retirement, or as they say in the business, wealth preservation.

[The Apprentice]

I'm buying stock in Volkswagen as soon as I'm old enough to buy it in my name. I'll sell it when they come out with a new model of Beetle.

[Luke]

Bad Idea Jeans.

[miked]

Especially if the next beetle model is a POS like the last one. They just don't make em' like they used to.