Your Questions About Money Making Stocks For 2010

Sandy asks…

I need money fast and easy.?

Im in a hard position and im 13. i have a lil miniature horse that i’ve had since he was a lil yearlin. and i really dont wanna sell him even know he can sell for $3500. I want a trained western pleasure horse that ive already found thats $2950. I just cant decide what to do 🙁

John answers:

General Strategies on Saving Money and Earning More Money

Save as much money as you can! You’ll be surprised as to how quickly you can save a lot of money!

Here are a few suggestions:

Ways To Save Money & Ways To Earn More Money (Updated on 08/10/2010)

Don’t go out to eat. Example: don’t eat out at fancy, high-class restaurants. Instead, eat at a fast food restaurant or cook a healthy meal at home. It is much cheaper than the alternative.

If you are a teen or a young adult, you might want to hold a bake sale. You can have your other friends help you out, so that you can help attain your goal of saving and/or making more money.

If you have a habit of buying new clothes very often, then resist the urge to buy new clothes for a little while. You could potentially save a good amount of money.

Take personal finance courses online or at a high school or college/university.

If you are a teen or a young adult, you may want to have a dog-walking service.

To help you manage your money, try http://www.mint.com/

Talk to a customer service representative at a bank or other financial institution and learn more about financial instruments.

Don’t go out to watch new movies in theaters. Watch movies on your TV at home. Rent movies using Netflix.

If you are a teen, you may want to think about babysitting. You can babysit your neighbor’s children.

Don’t spend too much money when going out with friends. Have a budget in mind before you actually meet up with your friends.

If you are a teen, you could try to mow the lawn. Many of your neighbors probably want their lawns to be mowed at a fraction of the price that they pay others to do the same work.

Invest your money in a CD (certificate of deposit). You can hold your money in a CD for 6 months or even a year. It generally pays more interest than the interest you get from a traditional savings account from a bank.

If you are a teen, do chores around the house. Your parents will appreciate it and you might get some money for it.

If you like to invest your money in the stock market, then you may want to invest your money in a commodity, such as gold. The value/price of gold is expected to increase in the future.

If you are a teen, then make sure to save the money that you get from your allowance (if you get an allowance).

If you like to invest your money in the stock market, then you may want to invest your money in specific large-cap and medium-cap companies that you trust. Apple (Stock Symbol: AAPL) and Google (Stock Symbol: GOOG) are two such stocks where you can choose to invest your money.

Try to sell something of value that you are willing to part with. Sell your old stuff on websites where many people make purchases, such as ebay or craigslist. You could also sell your stuff through a garage sale or a yard sale.

Try to hold a donation drive where your family, close friends, neighbors, and other acquaintances will be able to help you out and donate a little bit of money.

If all else fails, borrow money from other people (brothers, sisters, close friends, relatives, grandparents, neighbors, acquaintances, etc.) in order to get a short-term loan.

Sharon asks…

Roth IRA 2010 Stock/funds picks. Opinions/suggestions please?

I’m 26 years old. Not retiring any time soon. This is my 3rd year contributing. $5000 invested. Spread over these 5, i might just pick 4. Any suggestions??

MO $20.71 6.90%
NZT $7.93 10.6%
VISGX small cap $17.99
VGTSK- International $14.30
CHL $47.40 3.30%
I did take your advice. Why the hum with NZT??

John answers:

As a general rule for an INVESTOR, you are almost always better off avoiding individual stocks until you reach the point where you have sufficient funds to properly diversify amongst 25 or 30 issues. If your aim is to merely speculate, then by all means buy stocks with your limited funds. However, no competent money manager or investment advisor would suggest to a person with ten or fifteen grand in their Roth to purchase individual stocks.

In response to your addendum to your earlier question, no, I am by no means a “robot”. What I am is a licensed Financial Advisor who takes my professional and ethical responsibilities very seriously. I do my best to avoid making specific recommendations to purchase, or suggestions to buy ANY specific security to people who ask questions such as yours on a forum like this. It is irresponsible in the utmost to tell a person I know virtually nothing about that he or she should purchase a specific stock, ETF or mutual fund and recommendations made by others are worth precisely what you pay to read them – nothing. People want and need financial and investment advice but can be reluctant to pay for it. The advent of the internet has made vast amounts of previously difficult to attain information only a few keystrokes and mouse clicks away, yet knowing how to use that information and to decipher it in such a way as to be useful to the average investor is a different matter altogether. The internet has also provided a conduit for individuals who have absolutely no qualifications at all to pose as investment gurus. People who take the advice of such persons should do so with the understanding that they are taking the advice of amatuers and/or pundits with no professional credentials whatsoever.

But if you know enough to look up symbols, ascertain their dividend yield, understand the basics of how stocks, mutual funds and other securities work and do even a small amount of research,then you probably don’t need the opinion of complete strangers on the internet, regardless of whether or not they are a “Top Contributor” on Yahoo Answers. Such opinions are not likely to help you in the long run anyway. Just because a contributor on this forum has a large number of “best answers” or considers themselves to have the investing world by the tail, it doesn’t mean they know what they are talking about or that what THEY might think is a good idea is a good idea for you or anyone else.

You should plug those two mutual funds into the Morningstar X-Ray I linked before and see how they change your allocation. Based on what you mention about yourself and what you asked earlier, you could certainly stand a larger exposure to the international sleeve as well as the Small and Mid Cap segments of the market.

As far as Altria Group is concerned, their export market has been growing for the last few decades and there are 2 billion Chinese and Indians who LIKE TO SMOKE. Suggestions such as “cigarettes are going the way of buggy whips” ignore the fact that culturally, Asians like smoking and will continue to do so well into the future. Altria has luxury of international brand awareness (The Marlboro chevron is one of the most recognizable corporate icons in the world, right up there with the Coca Cola logo) and the marketing savvy to take advantage of this fact in spite of wide ranging international agreements designed to curb tobacco advertising. Having said all that, it is important to note that the Vanguard Star fund (VGSTX) has shares of both Altria and Phillip Morris International in its portfolio, so buying the shares individually may create a pointless overlap.

Best of luck and may all your trades be net gains.

Lizzie asks…

how to make money ? im 15 and cant really go and get a proper job?

im 15 and really need to make some money
any ideas ?

thanks in advance 🙂

John answers:

General Strategies and Techniques on Saving Money and Earning More Money

(Updated on 08/29/2010)

Don’t go out to eat. Example: don’t eat out at fancy, high-class restaurants. Instead, eat at a fast food restaurant or cook a healthy meal at home. It is much cheaper than spending a lot of money at an expensive restaurant.

If you are a teen or a young adult, you might want to hold a bake sale. Post fliers around your neighborhood, school, and community center to advertise your bake sale. You can have your other friends help you out, so that you can help attain your goal of saving and/or making more money. Keep your bake sale open for at least four hours, spanning a substantial portion of the morning or the afternoon. You can also decide to host the bake sale for multiple days. Example: Bake Sale Weekend: Friday, Saturday, and Sunday from 2:00 PM – 6:00 PM.

If you have a habit of buying new clothes very often, then resist the urge to buy new clothes for a little while. You could potentially save a good amount of money. If you are used to buying

If you are a teen or a young adult, you may want to have a dog-walking service.

To help you manage your money, try http://www.mint.com/

Talk to a customer service representative at a bank or other financial institution and learn more about financial instruments. These financial instruments (which include certificates of deposit) will help you understand how to grow your money.

Don’t go out to watch new movies in theaters. Watch movies on your TV at home. Popular channels where you can see movies on the weekends include TNT, USA, and TBS. If you like to rent movies, try using Netflix.

If you are a teen, you may want to think about babysitting. You can babysit your neighbor’s children.

Don’t spend too much money when going out with friends. Have a budget in mind before you actually meet up with your friends. Example: Do not spend more than $25.00 when going out on a Saturday night.

If you are a teen, you could try to mow the lawn. Many of your neighbors probably want their lawns to be mowed at a fraction of the price that they pay others to do the same work.

Invest your money in a CD (certificate of deposit). You can hold your money in a CD for 3 months, 6 months, a year, three years, or even five years. Generally speaking, the longer you decide to invest your money in the CD, the more interest you will earn. Also, it is generally the case that the larger the amount of money you decide to hold in the CD, the larger the more interest you will earn. It generally pays more interest than the interest you get from holding money in a traditional savings account at the bank.

If you like to invest your money in the stock market, then you may want to invest your money in specific large-cap and medium-cap companies that you trust. Apple (Stock Symbol: AAPL) and Google (Stock Symbol: GOOG) are two such stocks where you can choose to invest your money.

Other stocks in which you can invest your money include:

Bank of America Corp
Stock Symbol: BAC

Microsoft Corporation
Stock Symbol: MSFT

Yahoo! Inc
Stock Symbol: YHOO

Wal-Mart Stores Inc.
Stock Symbol: WMT

Abercrombie & Fitch Co
Stock Symbol: ANF

Home Depot Inc
Stock Symbol: HD

GameStop Corp
Stock Symbol: GME

Ford Motor Co
Stock Symbol: F

AT&T Inc
Stock Symbol: ATT

Coca Cola Co
Stock Symbol: KO

Try to sell something of value that you are willing to part with. Sell your old stuff on websites where many people make purchases, such as ebay or craigslist. You could also sell your stuff through a garage sale or a yard sale.

Try to hold a donation drive where your family, close friends, neighbors, and other acquaintances will be able to help you out and donate a little bit of money. These people will include your parents, brothers, sisters, close friends, relatives, grandparents, neighbors, and other acquaintances. Have a box or jar in place so that people can deposit money into it. Stick a label on the box or jar with an updated amount in comparison to the target goal amount, so that more people will feel like contributing to your goal amount. Example: You may find a graphic representation of a thermometer representing how much money is left to reach your goal (the box/jar has $55.50 out of the target goal amount of $200.00, which translates to a little more than 25% complete; therefore, the thermometer would be about 25% filled up.).

If all else fails, borrow money from other people (parents, brothers, sisters, close friends, relatives, grandparents, neighbors, acquaintances, etc.) in order to get a short-term loan. Set a goal: it can be $5.00 from each person or $10.00 from each person or $25.00 from each person. Breaking up the goal into smaller, more manageable goals is easier than taking on the entire goal, which may seem like an impossible task (example: raise $5,000.00 in 3 days).

Susan asks…

how can i make 300$ fast?

i want to buy a new camera (Canon PowerShot SX210) i am willing to do anything. what can i do? im only 14. ):

John answers:

General Strategies on Saving Money and Earning More Money

Save as much money as you can! You’ll be surprised as to how quickly you can save a lot of money!

Here are a few suggestions:

Ways To Save Money & Ways To Earn More Money (Updated on 08/13/2010)

Don’t go out to eat. Example: don’t eat out at fancy, high-class restaurants. Instead, eat at a fast food restaurant or cook a healthy meal at home. It is much cheaper than the alternative.

If you are a teen or a young adult, you might want to hold a bake sale. You can have your other friends help you out, so that you can help attain your goal of saving and/or making more money.

If you have a habit of buying new clothes very often, then resist the urge to buy new clothes for a little while. You could potentially save a good amount of money.

Take personal finance courses online or at a high school or college/university.

If you are a teen or a young adult, you may want to have a dog-walking service.

To help you manage your money, try http://www.mint.com/

Talk to a customer service representative at a bank or other financial institution and learn more about financial instruments.

Don’t go out to watch new movies in theaters. Watch movies on your TV at home. Rent movies using Netflix.

If you are a teen, you may want to think about babysitting. You can babysit your neighbor’s children.

Don’t spend too much money when going out with friends. Have a budget in mind before you actually meet up with your friends.

If you are a teen, you could try to mow the lawn. Many of your neighbors probably want their lawns to be mowed at a fraction of the price that they pay others to do the same work.

Invest your money in a CD (certificate of deposit). You can hold your money in a CD for 6 months or even a year. It generally pays more interest than the interest you get from a traditional savings account from a bank.

If you are a teen, do chores around the house. Your parents will appreciate it and you might get some money for it.

If you like to invest your money in the stock market, then you may want to invest your money in a commodity, such as gold. The value/price of gold is expected to increase in the future.

If you are a teen, then make sure to save the money that you get from your allowance (if you get an allowance).

If you like to invest your money in the stock market, then you may want to invest your money in specific large-cap and medium-cap companies that you trust. Apple (Stock Symbol: AAPL) and Google (Stock Symbol: GOOG) are two such stocks where you can choose to invest your money.

Try to sell something of value that you are willing to part with. Sell your old stuff on websites where many people make purchases, such as ebay or craigslist. You could also sell your stuff through a garage sale or a yard sale.

Try to hold a donation drive where your family, close friends, neighbors, and other acquaintances will be able to help you out and donate a little bit of money. These people will include your parents, brothers, sisters, close friends, relatives, grandparents, neighbors, and other acquaintances.

If all else fails, borrow money from other people (parents, brothers, sisters, close friends, relatives, grandparents, neighbors, acquaintances, etc.) in order to get a short-term loan.

David asks…

What are some tips for saving money?

I’m a teenager, and so I don’t have a bunch of bills and loans etc. Just everyday things to help save money 🙂

John answers:

General Strategies and Techniques on Saving Money and Earning More Money

(Updated on 08/29/2010)

Don’t go out to eat. Example: don’t eat out at fancy, high-class restaurants. Instead, eat at a fast food restaurant or cook a healthy meal at home. It is much cheaper than spending a lot of money at an expensive restaurant.

If you are a teen or a young adult, you might want to hold a bake sale. Post fliers around your neighborhood, school, and community center to advertise your bake sale. You can have your other friends help you out, so that you can help attain your goal of saving and/or making more money. Keep your bake sale open for at least four hours, spanning a substantial portion of the morning or the afternoon. You can also decide to host the bake sale for multiple days. Example: Bake Sale Weekend: Friday, Saturday, and Sunday from 2:00 PM – 6:00 PM.

If you have a habit of buying new clothes very often, then resist the urge to buy new clothes for a little while. You could potentially save a good amount of money. If you are used to buying

If you are a teen or a young adult, you may want to have a dog-walking service.

To help you manage your money, try http://www.mint.com/

Talk to a customer service representative at a bank or other financial institution and learn more about financial instruments. These financial instruments (which include certificates of deposit) will help you understand how to grow your money.

Don’t go out to watch new movies in theaters. Watch movies on your TV at home. Popular channels where you can see movies on the weekends include TNT, USA, and TBS. If you like to rent movies, try using Netflix.

If you are a teen, you may want to think about babysitting. You can babysit your neighbor’s children.

Don’t spend too much money when going out with friends. Have a budget in mind before you actually meet up with your friends. Example: Do not spend more than $25.00 when going out on a Saturday night.

If you are a teen, you could try to mow the lawn. Many of your neighbors probably want their lawns to be mowed at a fraction of the price that they pay others to do the same work.

Invest your money in a CD (certificate of deposit). You can hold your money in a CD for 3 months, 6 months, a year, three years, or even five years. Generally speaking, the longer you decide to invest your money in the CD, the more interest you will earn. Also, it is generally the case that the larger the amount of money you decide to hold in the CD, the larger the more interest you will earn. It generally pays more interest than the interest you get from holding money in a traditional savings account at the bank.

If you like to invest your money in the stock market, then you may want to invest your money in specific large-cap and medium-cap companies that you trust. Apple (Stock Symbol: AAPL) and Google (Stock Symbol: GOOG) are two such stocks where you can choose to invest your money.

Other stocks in which you can invest your money include:

Bank of America Corp
Stock Symbol: BAC

Microsoft Corporation
Stock Symbol: MSFT

Yahoo! Inc
Stock Symbol: YHOO

Wal-Mart Stores Inc.
Stock Symbol: WMT

Abercrombie & Fitch Co
Stock Symbol: ANF

Home Depot Inc
Stock Symbol: HD

GameStop Corp
Stock Symbol: GME

Ford Motor Co
Stock Symbol: F

AT&T Inc
Stock Symbol: ATT

Coca Cola Co
Stock Symbol: KO

Try to sell something of value that you are willing to part with. Sell your old stuff on websites where many people make purchases, such as ebay or craigslist. You could also sell your stuff through a garage sale or a yard sale.

Try to hold a donation drive where your family, close friends, neighbors, and other acquaintances will be able to help you out and donate a little bit of money. These people will include your parents, brothers, sisters, close friends, relatives, grandparents, neighbors, and other acquaintances. Have a box or jar in place so that people can deposit money into it. Stick a label on the box or jar with an updated amount in comparison to the target goal amount, so that more people will feel like contributing to your goal amount. Example: You may find a graphic representation of a thermometer representing how much money is left to reach your goal (the box/jar has $55.50 out of the target goal amount of $200.00, which translates to a little more than 25% complete; therefore, the thermometer would be about 25% filled up.).

If all else fails, borrow money from other people (parents, brothers, sisters, close friends, relatives, grandparents, neighbors, acquaintances, etc.) in order to get a short-term loan. Set a goal: it can be $5.00 from each person or $10.00 from each person or $25.00 from each person. Breaking up the goal into smaller, more manageable goals is easier than taking on the entire goal, which may seem like an impossible task (example: raise $5,000.00 in 3 days).

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