Your Questions About Stocks And Bonds For Kids

Charles asks…

getting married to a divorced father of a 8yr old need some legal advice?

getting married soon to a wonderful man but he has a money loving exwife with his child so i need some help.we live in new york state.how can we make sure all his policies are up to date?does he need a will or if my name is on everything is that good enough?i have alot of money in stocks/bonds so do i need to do anything to protect that?can anyone tell me what other stuff we need to do when marrying a man with a crazy exwife(with a kid) who is out for every penny she can get?what do i need to do to protect myself and future children?

financi4 answers:

If you have stocks and bonds I suggest you get a prenuptial agreement because once your married your income can be counted as his also and that means his child support payments will go up, according to your combined income together. Just explain this to him and I sure that he will be more than willing to sign one.

David asks…

How can i tell my ex-girlfriend NOT to come back to my house because she is pregnant with another guys baby?

So she broke up with me and its been about a year now. I gave her a very nice life when she lived with me in my house. She didn’t have to work, just keep the house clean as this was her choice, she could of work also but i gave her the option to do what she wanted. I worked (my own business) and made enough for us to live very good and have made over 1 million dollars from stocks and bonds and i took care of the bills and our two cars. I have a house in Los Angeles. Well she and her girlfriends went out to a bar while i was at work and she met a guy who just got out a divorce with 3 kids. She ended up breaking up with me and moved with him to San Francisco. There was no phone call or sit-down conversation or anything explaining why she left. She just came home one day and said she was leaving me. Well monday she called saying that she was pregnant (we haven’t spoke in 6 months). I was like umm congrats but i have to go now. She started crying and said she needs my help? I was like umm come again? She said her boyfriend was going to prison because sunday he got CAUGHT selling hardcore drugs to undercover cops and he is facing 5 years in prison (2nd offense) because of the load of drugs they found on his car. She is crying for me to let her come back and live the nice life she took for granted and acourse we all know girls like the badboys until he is to bad and then they always come back to the nice-guys as an second option when things dont work out with the badboy. I know this isn’t my baby because she never wanted to have sex with me and every-time i tried she would push me away but then she goes out and meet this guy and ended up having sex with him that week? Oh-well i guess that’s just another rule on why nice guys shouldn’t be nice guys. She said she is coming down this weekend and i told her NO GO TO A SHELTER OR PARENTS HOUSE! But if she does come where can i direct her to because she sure aint staying with me again?

financi4 answers:

Hang a note on the door with contact information for local cabs and hotels, lock up, and make yourself scarce.

Ken asks…

How can i tell my ex-girlfriend NOT to come back to my house because she is pregnant with another guys baby?

So she broke up with me and its been about a year now. I gave her a very nice life when she lived with me for 2 years in my house. She didn’t have to work, just keep the house clean as this was her choice, she could of work also but i gave her the option to do what she wanted. I worked (my own business) and made enough for us to live very good and have made over 1 million dollars from stocks and bonds and i took care of the bills and our two cars. Were were not married but getting there. I have a house in Los Angeles. Well she and her girlfriends went out to a bar while i was at work and she met a guy who just got out a divorce with 3 kids. She ended up breaking up with me and moved with him to San Francisco. There was no phone call or sit-down conversation or anything explaining why she left. She just came home one day and said she was leaving me. Well monday she called saying that she was pregnant (we haven’t spoke in 6 months). I was like umm congrats but i have to go now. She started crying and said i need your help? I was like umm come again? She said her boyfriend was going to prison because sunday he got CAUGHT selling hardcore drugs to undercover cops and he is facing 5 years in prison (2nd offense) because of the load of drugs they found on his car. She is crying for me to let her come back and live the nice life she took for granted and acourse we all know girls like the badboys until he is to bad and then they always come back to the nice-guys as an second option when things dont work out with the badboy. She said she is coming down this weekend and i told her NO GO TO A SHELTER OR PARENTS HOUSE! But if she does come where can i direct her to because she sure aint staying with me again?

financi4 answers:

Unfortunately for her, you are going to put up with her crap again. I suggest, like you said directing her to her parents house or a shelter. If she does not leave and gets mad at you, simply call the police, tell her you shouldn’t of left me for an idiot, you screwed up and its your fault not mine, reality check.

Daniel asks…

If I die is my EX wife entitled to sue my current wife for Money or Possessions?

I have been married to my current wife for 3 years. We have a two year old child together. I have 2 sons from a previous marriage. They are 5 and 12.

I want to make a Will out and I am just wondering if the ex is entitled to anything on my kids behalf.

I don’t really have many possessions. We own one vehicle. We don’t own a home or any stocks or bonds or anything like that. I have no savings account.

I do have an action figure collection that my wife and I share. It does have some value.

I do have a life insurance policy through my job. And I do have a retirement fund.

I have made it so my sons will recieve money from my job if I am killed in the line of duty. I am more concerned that the ex would try to sue my wife for our vehicle and toy collection.

financi4 answers:

If there isn’t a will she can sue for whatever. (money wise… Not possessions)

If there is a will she can sue only if you owe her back child support.

Both women would quailify to collect from social security… The Ex will get more becuase she has 2 children vs the 1 your current wife has.

On a side note, you should make sure that all your children recieve something personal from you… Regardless of how the adults in the picture feel about each other. Even if all you do is write a letter for each of them, just to let them all know that you loved them.

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Put investing on hold, wait for a larger dip: Deepak Mohoni

Put investing on hold, wait for a larger dip: Deepak Mohoni

"Investing" in gold and other commodities remains avoidable, as the longer-term trend in most commodities is down. Commodities, particularly oil, have recovered, but this is largely of relevance to short- to mediumterm traders. GLOBAL PERSPECTIVE
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Your Questions About Investing For Dummies

Robert asks…

How do I learn to trade stock?

What is the best way to learn how to trade stocks?

The only thing i ever read about investing is that I read “rich dad poor dad” and “investing for dummies“.

I don’t know where to start. Any suggestions?

financi4 answers:

Investopedia can supply good information on specific term regarding stock market. And joining some stock market forum might help too. Just ask whatever you want to know, but in a specific manner.

George asks…

Which “For Dummies” book of stocks and trading would be best to start with (books in description)?

I am 16 years old and know little about the stock market, though I try to keep up with it and understand basic terminology and theory. I’ve decided to take the plunge and start reading books on the subject, rather than just web pages, but I don’t know which of the following to begin with:
-Trading For Dummies
-Swing trading For Dummies
-Day trading For Dummies
-Stock investing For Dummies.

financi4 answers:

Stock investing for Dummies

Daniel asks…

How do you become a proffesional Stock trader?

i want to make money from trading in the stock market. i 17 and slowly learning how it all works by reading the book “investing for dummies“.

but surely proffesional traders who are millionaires e.g warren buffet) didnt all of a sudden trade and become rich. What courses did they do at college, university etc?

thanks (england)

financi4 answers:

First, you learn how to spell “professional.”

You don’t need a college degree to trade stocks. You do need securities licenses, though, and in order to get them, you have to work for a brokerage firm who will sponsor you.

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Your Questions About Investing For Dummies

Thomas asks…

How to get ahead without Investment Mombo Jumbo?

I funded my Roth to the max. My job does not offer 401ks. What can I do next?

I don’t want to go into the Stock Market. Risk is my worst enemy. Where can I go for advice besides “Investing for Dummies” ?

I go to investment websites and all I read is Blah Blah Blah.

(I’m 25 years old, and a single mother, if it helps)

financi4 answers:

Investing is easy when you invest in America and you can do that with a S&P 500 or total market index fund. Just dollar cost average into the account. You should also consider a simple portfolio of 50% bonds and 50% stock. Both are available through indexes.

Indexing is simple, mimics that market, is low cost, is low taxed, and will solidify your financial future. You need the mindset that these are investments for the future. Don’t worry about the daily changes of 1 or 2 percent that television freaks out about. How often do you freak out when ketchup goes on sale for 2% off?

Read “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)” by John C. Bogle

Paul asks…

Books about investing?

I currently have ‘Stock Investing for Dummies‘ and Benjamin Graham’s ‘The Intelligent Investor’. About halfway through ‘Stock Investing for Dummies‘, and it’s getting a little boring, but I’m going to try to finish it before I read The Intelligent Investor.

Any ideas on what I should read after I finish both of the above?

financi4 answers:

Unfortunately, there are many books out there that make great reading, but promote investment systems that don’t work. Finding good investment books is difficult.

One excellent book is Burton Malkiel’s “A Random Walk down Wall Street.” It discusses how to build a safe, balanced portfolio of stocks. You can find it in most libraries.

Other good books are:

The Bogleheads’ Guide to Investing
The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between
The Four Pillars of Investing: Lessons for Building a Winning Portfolio
The Only Guide to a Winning Investment Strategy You’ll Ever Need: The Way Smart Money Invests Today
The New Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get on with Your Life

Chris asks…

what books would you suggest for a beginner investor?

besides “investing for dummies” are there any other books someone would suggest as a great start for investing on your own using vanguard/ameritrade/etc. mutual funds, small cap stocks, etc. i want to know how to start, how to manage, and how to know when to get out. thanks for your suggestions! my goals are for long term and short term, id like to have a diversified portfolio
website links are welcomed suggestions as well. ive already visited motley fool, vanguard, ameritrade, and beacon.

financi4 answers:

You’re on the right track with Vanguard. Stick to low cost index funds. If you’re not already in a 401k or Roth IRA, then START. Just stuff as much money as you can into a “target retirement fund” and let it swell up over time.

Dont move your money out when the “stuff hits the fan” like it did today. If anything, buy more when the market tanks. Stocks are on sale! If you are going to let this money grow for 20 or 30 years, it doesnt really matter how bad things are currently because it will work itself out and you’ll be way ahead over the long haul if you just stay your course and KEEP INVESTING.

This takes care of your “long term”.

Short term, stay away from stocks. Stuff money into I-bonds at Treasurydirect. Ladder your CDs. Consider rental real estate property.

Stay away from individual stocks. Stay away from the “get rich quick crap” on late night TV and spam e-mails. Stay away from normal brokerage accounts that eat you alive with fees.

Work to cut your cost of living so that you can maximize your contributions to a 401k and a Roth IRA. Diversify your investment.

If you’re already maximizing Target Retirement funds in a 401k and Roth, consider investing in Real Estate so that you dont have all of your gold in one bag.

Investing is simple. Do the above for 20 or 30 years and retire a multi-millionaire.

Oh and here are some good books:

“Grow Your Money” by Jonathan Pond.

“The Lazy Person’s Guide to Investing” by Paul B. Farrell.

“The Quiet Millionaire: A Guide for Accumulating and Keeping Your Wealth” by Brett Wilder.

All available on Amazon. Read up and study but dont fall victim to “paralysis by analysis”, which means to study something endlessly but have zero action. Learn just enough to be dangerous and then ACT.

Good luck!

Michael asks…

On line investing /Trading?

i am looking for information on how to do on line trading , or how to invest.. you know something like stock trading or investing for dummies.

financi4 answers:

They’re is way to much involved to give you s fair outlook here. Check out Charles Scwab’s website. These great info there to help you understand what is involoved. Just google the name.

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Your Questions About Investing In Real Estate

Richard asks…

how do i start investing in real estate with absolutely no money?

i am doing my final year at university and work part-time at a property development firm.my long term goal is to own something similar.i am passionate about real estate and would love to start with investing but i have absolutely no money.how to i start,what can i do?i read tonnes of books and articles but i would love to have something tangible to add.
please advice me,all advice is welcome,except negativity!

financi4 answers:

We have bought property with no money down and we have bought property where we have been paid to take the properties. There are deals out there, but they are hard to find, and you need connections. We have been in real estate for 25 years and have the networks. With you just starting out, it is not impossible, but very unlikely that you can find nothing down deals. There are a lot of real estate gurus who will tell you that they can show you how to buy property with nothing down, but these gurus are just trying to sell their courses. You need to find a mentor and you need to gain experience. I know that’s not what you wanted to hear 🙁

Michael asks…

What is the most easiest way to get into real estate investing?

What are some ways to begin in real estate investing with litttle or no money? Can you start in real esate investing with no money?

financi4 answers:

Join a real estate investing club if there is one in your area. The education is priceless.

Find a wholesaler…these are mostly the guys that have the “I Buy Houses” ads on the street corners and newspapers.

Find a lender who will lend based on Appraised Value rather than on Purchase price. This is not easy to do, but it is possible. You can also work with Hard Money Lenders…steep rates, but often worth it.

My first deal was a house from a wholesaler. It appraised for $51,500 and he was selling it for $26,200. (He got it from a bank for $10,000 I later found out).

I had a hard money lender loan me all the money and then refinanced one week later (which is not easy but can be done) and cashed out at 80%. The hard money lender arranged everything.

In short, I bought a house for $32,000 ($26,200 plus fees and closing costs) with hard money. Refinanced at $42,000. Left closing with approx. $10,000 (42k-32k) and still had almost $10,000 in equity. Not one dime of my own money.

Thomas asks…

How can I find funding through grants or loans for real estate investing?

I am doing research on starting in real estate investing. I have heard that grants or loans are available from government or other sources to buy, rehab, or otherwise start in real estate investing. Where can I find out about these?

financi4 answers:

Most government grants are in blighted areas where they want to spur rehabilitation of neighborhood properties. As far as I know there are no federal grants avalable unless you are revitalizing a property which will end up on the national register of historic properties, but these would have little to no profit potential due to the high cost of rehab to get the property to standards. The local programs generally only give 5-20k for help in rehabbing homes, but unfortunately come with so many strings attached that you will be begging them to take their money back just so you can get them out of your hair. Once you invite them in, you many times lose the grandfather clauses on any number of code requirements that have been put in place since the particular home was built and you have to spend as much if not more than the grant money to get the place up to the government standards that they require in exchange for the grant.

In my honest opinion, better to just get your own loan and go it alone….

Joseph asks…

What does it take to get into real estate investing?

I am 19 years old and i am trying to figure out my career. I have a big interest in getting into Real Estate investing. But I don’t know how to get into it. Everybody tells me to find a mentor, but they are either so expensive or theres the decision if its worth the money or people tell me you have to be rich to start. There has to be a way around that. What does it take? Whats the best way? How do you start out? What are the steps?

financi4 answers:

Have you heard of Robert Kiyosaki, who wrote a book called Rich Dad, Poor Dad? Check out one of his books @ the library, read it, and then go signup up for RichDadWorld.com – there is free information there on how to start. Best of luck to you.

John asks…

How to get start in Real Estate Investing?

I have been doing research about real estate investing and have a few questions about the process. Is the first thing I need a broker, banker, or a seller? Do I need to see mortgage company or can I just take a loan out form the bank? What kind of down payment do you need? Does anyone have any information about tax break, cuts, or property taxes regarding real estate. Any additional information would be helpful, I’m still in a learning phase.

Thank You

financi4 answers:

First thing you need is a plan. You ask a lot of good questions, and as Eddie G said, a real estate book may be your best bet. Once you are done with that, meet with an financial planner and an accountant. This way you have a better idea of what is your strategy and what direction you want to go in.

Are you looking at long term residual income? If so are you looking at Commercial, residential, land opportunities, easement options? Do you want to flip properties for short term capital growth? Do you want to start off on your own home and growth from there? Know the tax advantages of all as well as exit strategies.

You can go to your own bank for a loan, but you probably want to work with a lender that knows what they are doing and can help direct you. You also want to make sure you get the best rate/service for the price. Banks have less options then mortgage lenders.

Down payment depends on what you buy: Land and commercial can be difficult to impossible to get now: the were requiring about 30-50% down. Residential properties that are rental require a larger % down then residential that is owner occupied. Owner occupied can be al low as 3.5% for FHA loans (be prepared for closing costs so up to 5%), or for conventional loans where you don’t have to pay for PMI (private mortgage insurance) it is usally 20% but can be 25% is you live in an area that is considered trending down.

As you can see, from the few questions I answered, you have a lot of options. Read some more and make your plan.

Good luck!

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Your Questions About Invest In Gold Online

George asks…

I hear land in Africa is cheap..especially in Nigeria,,, with gold and oil..?

Can i buy some property from Africa online??? If anyone knows of any website with such info go ahead and email me..I want to invest in Africa…I want to have Oil fields like some Nigerians..

financi4 answers:

Yes you definitely can. I can help you make a purchase of 50 acres of Nigerian oil fields for $50 million. Please send a check payable to Master Tong.

David asks…

investing funds into new fuels?

I’ve never invested before, and know essentially nothing about the stock market, its trends, its life, etc. Who, where, when, etc should i go to for direction into investing into new fuels such as bio-fuels….ethanol,algae, bio-diesel, etc. Would that same person, preferably a real face to face intersaction rather than an online organization, be able to invest my funds in gold, or salt, or water, or mr.kims dim sum shop, etc. just need a lil bit of advice thats all.

financi4 answers:

If the advice you needed were that little, you’d be able to get it for yourself without asking for help. The truth is that you have no basis for decision-making at this juncture. When people try to make little of the task at hand, they’re usually in denial. When people put their cash in front of a horse named “Denial,” they will ALWAYS lose it. There are too many thieves out there who are unscrupulous and won’t hesitate to take advantage of you.

I’m a professional l energy trader. I work at this six days a week, sometimes seven. I love it, not because I make a pretty good living but because I find it exciting. It moves quickly, the threat of geopolitical intervention is always there in the form of one crisis or another. Nobody should invest in new fuels without intimate knowledge of what those fuels are, how they work, who has the money to support investment initiative and what government connections are in place to give a hint as to future opportunities for the fuel and its supply companies.

There are scores of places and people you can hand your money over to but I wouldn’t recommend a single one. The only way to make money in this is by managing your investments on your own and using your own talents and thirst for knowledge. Anything less is a pure crap shoot.

Allow me to suggest you Google: modern day fuels, biomass fuels, solar energy applications, oil and natural gas solids/equivalents and “organic rankine” systems. You will quickly gain an understanding of the lay of the land and find yourself learning precisely the things you need—BEFORE investing.

Good luck!

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