Hirby.com

Updates from January, 2010

• American Funds Mutual Fund for beginners?

  11:03 am on January 31, 2010 | 0 Permalink
  

  I’m brand new to investing and I want to start putting money into mutual funds. I have tried to read up on them, but none of it makes any sense to me.

  People have been telling me that I should go with an American Funds mutual fund, but I have no idea which one to go with.

  I have went to my banks and credit unions that I have accounts with, but they seem to be trying to push me in places that will profit them more then me, it seems…

  So does anyone have any suggestions on which American Funds mutual fund would be good for someone that just wants to put a little money into it each month and let it grow…

  I know this is probably an horrible question to answer but any advise or help would be appreciated.

   

• American Funds Mutual Fund for beginners?

  11:03 am on January 31, 2010 | 0 Permalink
  Tags: money

  I’m brand new to investing and I want to start putting money into mutual funds. I have tried to read up on them, but none of it makes any sense to me.

  People have been telling me that I should go with an American Funds mutual fund, but I have no idea which one to go with.

  I have went to my banks and credit unions that I have accounts with, but they seem to be trying to push me in places that will profit them more then me, it seems…

  So does anyone have any suggestions on which American Funds mutual fund would be good for someone that just wants to put a little money into it each month and let it grow…

  I know this is probably an horrible question to answer but any advise or help would be appreciated.

   

• How can i start an online business? I wonder how online business works….?

  11:01 am on January 31, 2010 | 0 Permalink
  

  I’ve been working for sometime already and i find that the salary that i’m getting is so little. It is so not enough for me to pay of my debts(credit cards, family commitment, car and etc). I think maybe a little too slow to get into this business but online business sounds like something that is interesting. Can anyone tell me how it works? How to get income through it? Is it even worth investing?

   

• Have most people moved their money out of stocks and into commodities?

  9:45 am on January 31, 2010 | 0 Permalink
  

  The stock market is down from it’s highs by quite a bit. There must be more options purchasing and commodities, futures and foreign markets playing going on.
  Or bonds…

   

• Property and Investment Questions!?

  9:06 am on January 31, 2010 | 0 Permalink
  

  I need to do this question, so i’ll just type out the whole thing:

  Go into http://www.realestate.com.au and select the ‘Resources and information’ option, followed by the ‘Home Buying Information’ Answer the questions below:
  a) What is meant by the term ‘buying off the plan’?
  b) What simple rules for investing in property are suggested under the property section?
  c) Does this site only offer residential properties for sale? Explain.
  d) Why do you believe real estate sites such as this one have become so popular in recent years with people seeking to invest money in property?
  e) Give this site a rating out of 10 based on how easy it is to navigate, its presentation and the relavenace of informaton contaied on the site.

  The site doesn’t lead to where its supposed to (cos it was changed) but any attempts to answer these questions would be appreciated =)

  cheers!

   

• 9:05 am on January 31, 2010 | 0 Permalink
  

   

• Can anyone give me advice about A&R, promoting, selling business ideas, etc.? ?

  9:03 am on January 31, 2010 | 0 Permalink
  

  I have recently moved to Hollywood in hopes of landing a career as a A&R Manager but it seems that although I have the talent and the education to do the job you MUST know someone in the industry to get you through the door. So does anyone have any advice for me?
  Also, I have great themes for nightclubs and ideas for businesses how do I go about selling them or getting someone to invest in my business ideas?

   

• What’s the best investing approach for the stock market right now?

  9:01 am on January 31, 2010 | 0 Permalink
  

   

• How to divide joint property?

  7:59 am on January 31, 2010 | 0 Permalink
  

  A friend of mine is separating from her husband.They have agreed to divide the contents of the house, but the home is financed in both names.He has agreed to take the home and finish paying for it.He is also giving her half of what they have invested thus far in the house.My question is: How does she get her name off the loan? She wants to buy another house but her credit won’t pass because it shows that her name is on the first loan.

   

• Can non-US Residents/Citizens invest in IPOs and Mutual Funds? If so, whats an online broker?

  7:57 am on January 31, 2010 | 0 Permalink
  

  I have contacted Etrade and they transferred my inquiry to the Dubai branch which replied that since I am not a US citizen nor resident, I will not be able to invest in IPOs or Mutual Funds? Can someone confirm or provide a way to be able to invest in those two methods?

   

• Which online bank has the interest rate to start a savings account?

  7:02 am on January 31, 2010 | 0 Permalink
  

  I got 0 to start with. I pick online banks because I really don’t need the brick and mortar types for this type of account and I heard they have better interest rates. I want to set up a savings account where I can store money and gain interest. I have no plans on withdrawing fr: this account, maybe for special purchasing/ investing projects. Or is there a better option for me to save long-term?
  I meant to ask "Which online bank has the BEST interest rate to start a savings account?"

   

• what is the name of the board game from the 60s where you had to corner the market on certain commodities?

  5:45 am on January 31, 2010 | 0 Permalink
  

  Everyone got cards with commodities like corn and wheat and you had to bid (like on the floor of the stock exchange, yelling) in order to collect all the like cards to corner that market.

   

• Is investing in CD’s a good way to re-build your credit, once you’ve paid off all of your debt?

  5:08 am on January 31, 2010 | 0 Permalink
  

  I read somewhere that, once you pay off all of your debt you have to re-establish it somehow. I read that buying a few CD’s is a good way to do. By doing so, the credit companies will see that you are spending your money right, and saving also in the process. Is this advice ill advised, or is it not?

   

• If I wanted to play vinyl records what would I need?

  5:02 am on January 31, 2010 | 0 Permalink
  

  I am interested in vinyl records, and have heard that they are starting to come back, any truth to this? Anyways I was just wondering what I would need to be able to play vinyl records, what are some good brands, and if they’re really worth investing in. Any advice would be great.

   

• Investing money in the stock market?

  5:00 am on January 31, 2010 | 0 Permalink
  

  My grandparents just gave me ,000 under the condition that I invest the money into the stock market. What information should I receive to help identify companies that will have high future rates of return?

  Thank you so much :]

   

• Property Developer Experience?

  3:58 am on January 31, 2010 | 0 Permalink
  

  Hi, I really want to invest/develop property when I am older… I am 19 now, and I was wondering how it is possible to get some experience/unpaid work just to get the gist of what goes on. Any ideas would be great

  Thanks

   

• stock index based mutual funds make sense for IRA investing?

  3:57 am on January 31, 2010 | 0 Permalink
  

  index funds tend to have very low if any capital gains payouts. this offers tax advantages, but does this charachteristic make them less attractive for IRA/retirement saving?

   

• what are some free resources for learning accounting online?

  3:01 am on January 31, 2010 | 0 Permalink
  

  I’m trying to learn about investing so I’m trying to learn some accounting basics. Just stuff like how to really interpret enterprise value, ratios, etc.

  I realize that there are several online resources that I can reach through a simple web search.

  I’m posting here because I hope that someone can point out a very effective and informative one.

  Thanks for your answers.

   

• does a depreciation of a currency cause the buying of stocks and commodities to go down ?

  1:45 am on January 31, 2010 | 0 Permalink
  

  When a currency as the dollar depreciates, falls in value, does this cause the buying of stocks and commodities to go down ? Thank you

   

• Getting deduction benefit from investing in IRA and than breaking it when not working in USA?

  1:05 am on January 31, 2010 | 0 Permalink
  

  To save on my US tax return
  If I invest say 4000 in IRA now, than I get a deduction of same amount in my tax returns. So effectively as per my tax bracket I save {15% federal and 6% state tax = 21% total saving which will be around 0 savings}..

  Now assume I go back to my country and break the IRA in some year when my USA income is zero. So I pay no income tax since I will fall under the limit of {standard deduction + exemption}.
  The only thing I pay is 10% penalty which will be around 0.

  So effectively I saved 0 – 0 = 0 by investing in to IRA and breaking it when going back.

  So my question is that is this calculation correct ?? or
  I will not save this amount ??

  Pls advice. ??