Your Questions About Money Making Stocks For 2010

Robert asks…

What stocks should I ‘buy’ for a school stock simulation?

We have &50,000 to split evenly among 5 different companies. We will be tracking these companies until May 2010. What companies should I invest in in order to make the most profit possible?

John answers:

If you’re a rookie in investing or stocks, go to

www.finance.yahoo.com.

Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.

If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.

Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.

I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.

Good luck.

Jenny asks…

Does anyone know how I can get a replica model made of my husbands hot rod?

My husband built a custom Ford Maverick Grabber and he is selling because of money issues and it’s his baby. I was hoping to find out if there is such a thing as models built from peoples prize cars or something of that kind.

John answers:

Hello there,

There are businesses that make custom models of cars. I believe those can run up into the hundreds of dollars. One model maker had a waiting list of over 12 months and their prices ran between $500 and $1500. I don’t know if that is what you had in mind.

Here is one model maker you could contact. He does not list his prices, so I have no idea how much. His work seems nice.

Http://www.yosemitesams.com/modelcars.htm

As a (less expensive) alternative, there are plastic model kits of the Maverick Grabber and Hot Wheels made one.

Here are some examples from eBay.
Http://cgi.ebay.com/71-FORD-MAVERICK-GRABBER-LOOSE-1-64-SCALE-HOT-WHEELS-/370413453594?pt=Diecast_Vehicles

http://cgi.ebay.com/Maverick-Grabber-1971-Hot-Wheels-2010-33-Blue-/200498185310?pt=Diecast_Vehicles

http://cgi.ebay.com/1990s-JO-HAN-MAVERICK-PRO-STOCK-GRABBER-MINT-SEALED-/130419080328?pt=LH_DefaultDomain_0

http://cgi.ebay.com/JO-HAN-DYNO-DON-FORD-MAVERICK-GRABBER-W-BOX-/220648344713?pt=LH_DefaultDomain_0

Later,

Donna asks…

Is it better to buy a 2010 Honda Accord or wait for the 2011 model ?

It says the 2011 model would be on sale from August 15th, and lots of dealers seems to have a clearance plan to blow the old model.

I am wondering which model might be a good choice in this time ? I would probably pay cash as my credit history is less than 2 years.

Any idea is well appreciated,
Thanks!

John answers:

Unless there is some design change to the 2011 that you just have to have, buy the 2010. Dealers are holding sales, using/offering incentives, and making deals as it is the end of the model year and they must move the inventory. Hence, you’ll likely get a better deal out of a cash deal on a 2010 than a 2011. Get at least an LX trim level or better, and try to determine how long the car has been on the lot. (Check the sticker). Older stock is costing the dealer money and they will be even more eager to deal on those first. Use an an argument that the car is already 1 year old and has depreciated. (That applies even if its still untagged and new). You might also see if they have a demo on sale at a much reduced price. It usually has some miles on it, and is considered a used car when sold, but it would come with full warranty.

Sandra asks…

I need help concerning college and grants and what not?

I’m 17. I have another year of highschool. I come from a poor family and I make like straight C’s in school. I don’t want to have to go in the army to get into college. But I’ve really been thinking about it. I almost signed up for the national guard. But if there is any other way I can get into college please give me some information. I really really really don’t want to go into the national guard. Thank you.

John answers:

If your family is poor then you will qualify for maximal financial aid so you can go to college.

Here is how the process works:

FAFSA. Free application for federal student aid.http://www.fafsa.ed.gov/

What is federal student aid: It includes grants, work study and loans. Filling out the FAFSA you are applying for all the federal aid listed on this page, plus others certain states and colleges have individually: click the different federal aid programs on the left http://studentaid.ed.gov/PORTALSWebApp/students/english/grants.jsp

Great site all about financial and its funding: http://studentaid.ed.gov/students/attachments/siteresources/Funding_Education_Beyond_HS_2011-12.pdf

When apply for FAFSA? Jan 1 of the year you will attend to maxime your award.You want to do an estimate FAFSA using the previous years taxes and send it through. Just choose will file. Then ASAP when you can you do the taxes for that year and go on the FAFSA where it says make corrections (has to be processed first) and put in the actual tax information. . Why file an estimate: Because colleges are all given so much grant/work study money and its given to students first come, first serve, even if you qualify if you file later, it may be gone. So file early!

How much do you get: Federal aid is offered given to students based on their financial need. Your financial need is determined based on the questions you are asked on the FAFSA which will be about income, amount in banks, property owned, stocks and the like, as well as questions about your current home situation, how many, how many in college at the same time etc. These questions will determine your financial need. They use all the info to determine your EFC, estimated family contribution, this EFC is the result of a formula the use of all your answers to determine your financial need, the lower the EFC the more financial aid help you need. If you have a 0 that does mean you dont pay anything but it does mean you have great need for financial aid help. This EFC amount is subtracted from the cost of the attendance (also called school budget) and the result of this is your financial need. COA/student budget is tuition, books, travel personal expenses, housing, fees. Even if you do not qualify for federal grants or work study you may qualify for federal loans which most all students have. This EFC and recap of your FAFSA will be put in a report called SAR, student aid report. You get an email this is ready in a week or two if you did it online and a link in that email to view your SAR..

The only way you will know what federal aid you qualify for is the colleges you listed on the FAFSA will be sent your SAR and a financial aid award created for you based on your financial need. Each college award will be different, as the cost of attendance is different, colleges have their own aid to offer, and what funding they have left (again why I said to file earily) and when you apply makes a difference in what aid they have available to offer. You need to look at all the offers, obviously cheaper colleges will require you to need less loans and if you are very low income there are no loan colleges. If your federal aid grants, work study and federal loans do not cover your cost of attendance you will need to pay with money or get a private loan to cover the rest like from a bank or lender, so it may be smarter to pick a cheaper college where you need the least loans. Rule of thumb, your total college loans for your education should not exceed your first year salary in the degree you are pursuing.

How do you get your aid once you accept it: It gets deposited into your college account, usually by semester not all at once on certain disbursement dates your school has where everyone will get their money disbursed on a certain day. We applied Jan 1 2010, school started 9-1, our semester federal aid was disbursed 8-25. The colleges takes out their charges for housing, meals, tuition, and fees. We did have money left over and if you do you get a refund either a check or card system depending on the school, and we got that a week after school started by card system. Use that refund if any for books, materials etc.

Helpful sites:
All questions FAFSA, financial aid: http://www.finaid.org/
http://www.gocollege.com/financial-aid/student-loans/benefits-of-loans.html
Click BEGIN THE PRESENTATION: http://www.nextstudent.com/financial-aid-tutorial/financial-aid-tutorial.asp#
http://www.knowhow2go.org/

http://studentaid.ed.gov/PORTALSWebApp/students/english/timeline.jsp?tab=applying
http://studentaid.ed.gov/students/publications/student_guide/2009-2010/english/typesofFSA_grants.htm

James asks…

What company makes good camshafts crower, comp or crane?

Or would it be better to custom order for my applications?

John answers:

1. Crane did not go out of business although they were on shaky ground a year and a half ago. A group of private investors and corporations baled them out.

Howard’s, Crower & Comp are all pretty equal. Your car has roller hydraulic lifters so you’d better know what you’re buying. Your missing some Chevrolet factory roller lifters and roller cam grinds. I see you haven’t purchased the 2010 GM Performance Parts Catalog from your Chevrolet dealer parts counter yet. It’s loaded with mild to wild hydraulic roller small block cams.

You haven’t figured it out yeat have you? A cam switch isn’t going to make that 305 run worth a hill of beans. You need a set of cylinder heads to alow it to breathe first. Remember the EQ 3045A vortec performance heads for your 305? The valves & ports are bigger and shaped for higher velosity.

You’re so stubborn I know you’ll buy a cam first and whine like hell cause the car won’t run any better. You’d better give this project a lot of thought because you’re stuck with the stock intake and fuel/air mixer.

Lower rear end gears such as 3.42’s or 3.73’s will wake the car up. Do that first and see if you want to spend any more money on it.

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