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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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 Posted:
Mon Sep 13, 2004 9:42 am
Post subject: The LEstay Financial Help Show |
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Okay peeps... ask your damn financial questions, or we'll hunt you down.
DISCLAIMER: This is not legal or professional advice. This is just personal and we are not practicing any business. Dont sue us.
Last edited by LEstay on Mon Sep 13, 2004 10:19 am; edited 1 time in total |
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Norris
Mr. Negative Nancy
Joined: May 12, 2004
Posts: 736
Points : 370
Location: the N.O.
Status: Offline
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Posted:
Mon Sep 13, 2004 9:46 am
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How much money do I have, right now?
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LSUdave
Veteran Poster
Joined: Sep 21, 2003
Posts: 394
Points : 22
Location: Baton Rouge
Status: Offline
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Posted:
Mon Sep 13, 2004 9:49 am
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what is an undervalued stock that looks like it can be the next DELL, so I can become a stock market millionaire
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Party like a rockstar, f*ck like a pornstar |
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Mon Sep 13, 2004 10:19 am
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| Norris wrote: | | How much money do I have, right now? |
$25
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Mon Sep 13, 2004 10:24 am
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| LSUdave wrote: | | what is an undervalued stock that looks like it can be the next DELL, so I can become a stock market millionaire |
As a former stockholder of Dell, Ive seen it go from $50 to <$20. Now it's roughly $30. Id stay away from Dell. Also, it depends on what your version of "undervalued" is. You have the PE ratio, the PB ratio, Gordon Growth Model, etc.
Right now, I love RAVN. Go look it up yourself! If you like risk, TASR (which really is a cool company).
Thats my personal, non-professional advice. DONT SUE ME!
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Norris
Mr. Negative Nancy
Joined: May 12, 2004
Posts: 736
Points : 370
Location: the N.O.
Status: Offline
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Posted:
Mon Sep 13, 2004 10:25 am
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Wrong, try again. or not. i have a good bit and we can leave it at that.
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Litigh8
Plaintiff
Joined: Sep 06, 2004
Posts: 161
Points : 0
Location: BR, Airline & BBonnet
Status: Offline
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Posted:
Mon Sep 13, 2004 3:45 pm
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1. What are penny stocks? Are they useful for making money or just a joke.
2. Did LSU figure in that 1K tuition increase for nonresidents in my financial aid via cost of attendance?
3. Where is the best place to eat in BR for $10, $8 and $6?
4. How much money do you think those guys on the exit ramp make a day? "I'm hungry and don't have a job!"
Don't Sue Us...heheheheh good one!
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AWE
Site Admin
Joined: Nov 24, 2002
Posts: 1655
Points : 1436
Location: Baton Rouge, LA
Status: Offline
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Posted:
Mon Sep 13, 2004 3:47 pm
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I think we need this.. a Suze Ormanesque deal
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Mon Sep 13, 2004 3:52 pm
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| Litigh8 wrote: | | 1. What are penny stocks? Are they useful for making money or just a joke. |
Penny stocks are stocks that have a value of less than $5. These companies can be very risky to get involved in. When you get spamvertisements about the latest stock tips are usually penny stocks. Avoid them unless you have some extra money you dont mind losing... or better yet give me the money.
| Litigh8 wrote: | | 2. Did LSU figure in that 1K tuition increase for nonresidents in my financial aid via cost of attendance? |
Probably not.
| Litigh8 wrote: | | 3. Where is the best place to eat in BR for $10, $8 and $6? |
At your apartment. It's much cheaper to go to the grocery store and cook your own meals since you dont have to add in the labor and other costs for the fast food place.
| Litigh8 wrote: | | 4. How much money do you think those guys on the exit ramp make a day? "I'm hungry and don't have a job!" |
The real question is: Where did they get the money to buy the sign and the black marker? And why didnt they use that oney to buy food or the bus trip to the welfare office?
| Litigh8 wrote: |
Don't Sue Us...heheheheh good one! |
Well it's dont sue me now... I had to take my partner off for unmentionable reasons.
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Mon Oct 18, 2004 11:56 am
Post subject: Credit Card Advice |
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Many college students get trapped into credit card debt. The interest rate on these is very high, and just making minimum payments will take you many years to pay this off. So here's a good example of what can be done to help.
Say you have $400 after you pay your bills and before you pay off your credit cards. You have 4 credit cards with the following balances:
$1000 - $20 min/month
$750 - $25 min/month
$1500 - $25 min/month
$2000 - $30 min/month
What you do is pay the minimums, then put the excess cash toward the LOWEST balance credit card. Then once that's paid off, then go to the next lowest balance, and so forth and so on.
This is called debt snowballing. Once you have the excess cash, you just put more and more toward the balances. Soon enough, you'll be on your way to debt-free living  .
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Litigh8
Plaintiff
Joined: Sep 06, 2004
Posts: 161
Points : 0
Location: BR, Airline & BBonnet
Status: Offline
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Posted:
Mon Oct 18, 2004 3:10 pm
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Should I even try to invest (with no real income) or just focus on working on my several thousand dollar credit card tabs? I don't see a return that would outweigh my current interest rates on the VISAs.
The student loan rates are much cheaper, would you recommend consolidation upon graduation?
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"You can't legislate people into heaven." Daniel Crocker |
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Mon Oct 18, 2004 3:22 pm
Post subject: |
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| Litigh8 wrote: | Should I even try to invest (with no real income) or just focus on working on my several thousand dollar credit card tabs? I don't see a return that would outweigh my current interest rates on the VISAs.
The student loan rates are much cheaper, would you recommend consolidation upon graduation? |
As in finance, if you can borrow and get a higher return on an investment, you should do it. But I think that your credit card interest rates are higher than anything you can invest in with reasonable risk. I would recommend the debt snowball I mentioned above. Then start investing in small cap index funds like the Russell 2000.
As for the student loans, 3 things... one is that interest rates are very low now, and some companies even give lower rates if you consolidate within your grace period. Also though, you can only consolidate once. And if you consolidate, you have to start paying on them now.
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AlanaMarie
Regular
Joined: 1094677291
Posts: 88
Points : 6
Location: Baton Rouge
Status: Offline
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Posted:
Tue Oct 19, 2004 4:27 pm
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So when you get millions can I invest in you lol?
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Litigh8
Plaintiff
Joined: Sep 06, 2004
Posts: 161
Points : 0
Location: BR, Airline & BBonnet
Status: Offline
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Posted:
Tue Oct 19, 2004 6:35 pm
Post subject: |
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I tell my parents they are "investing in tomorrow" when I hit them up for money (when it succeeds.) Is there any investment quite like a first-born son? 
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"You can't legislate people into heaven." Daniel Crocker |
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LEstay
All Around Nice Guy
Joined: Jun 09, 2004
Posts: 1064
Points : 900
Location: Houston, Tx
Status: Offline
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Posted:
Tue Oct 19, 2004 7:01 pm
Post subject: |
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| Litigh8 wrote: | | I tell my parents they are "investing in tomorrow" when I hit them up for money (when it succeeds.) Is there any investment quite like a first-born son? |
Maybe sending the second-born son to rehab after he's been busted for manufacturing and posessing crystal meth.
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