Post: #26

1. Don't ask strangers for investment advise.
2.realize that once interest rates start rising(be awhile), the market will drop.
3. use legit brokers NOT some foreign source.
4.Don't listen to a word I SAID.

Post: #27

If you have to ask for investment advice, you probably won't outperform the market, and I am strongly discouraging you from putting your hard-earned money in any of the investments you’ve listed. Too many people lose money or underperform the market substantially by following CNBC, their brokers, or some economist. These people do not have your interests in mind. They have their own agendas and are just trying to sell you something - probably their shares.

Index funds outperform over 70 percent of growth mutual funds long-term. Many even outperform the S&P 500. Just pick a set amount you can contribute to every week or two, and stick with the boring dollar cost average strategy. Don’t chicken out if the market comes down. Many people have no discipline and get out before making real money. Instead, consider adding even more during bear markets. Don’t pay attention to news events, just keep adding every one or two weeks (contribute the same amount over the same time increment). If you’re in it for the long haul, this is the strategy that works best and will give you the highest return, and will average you in more toward market bottoms because you’re buying more shares with the same amount of money as the market comes down, and fewer shares as the market rises.

Some noteworthy mentions:
VTSMX – few ever outperform this one long-term. Actually, there are index funds with even lower fees.
BTIEX – In a Scottrade account, this one has no transaction fees.
VOO/SPY – ETFs tracking the S&P 500.
SDY – a popular dividend ETF.

If you don’t do what I tell you, you are statistically more likely to lose money as a beginner trader/investor, and you surely won’t beat the market when you’re just starting off. If you want to try to beat the market, trust me when I tell you that the market will be here long after we’re gone, so just paper trade/invest (keeping a log without using real money) until you are confident you will consistently outperform VTSMX over a long period. In fact, even if you do become a great investor/trader, your money should still mostly be in boring index funds.

Ramit Sethi was on three episodes of Pickup Podcast. Download these episodes freely on iTunes and consider checking out his book.

Post: #28

(04-05-2013 04:23 AM)RawGod Wrote:  1. Save up another $5k
2. Go to SEA and live on your savings for a year while working on your startup
3. Have sex with many beautiful women, become rich and never deal again with decadent Western society.

@Raw God: I know you posted the above a while back, and I just read through this thread.

B/c I am planning to travel to SEA, starting in February, your post caused me some curiosity.

Do you really believe that a guy (Westerner, I presume) could live on $10k for a year in SEA, work on a start up, have sex with many beautiful women and become rich?

I would like to receive a few more details or a break-down on ways to accomplish these with a 10K initial investment.

Post: #29

JayuanGee,

I'd try to do a couple of searches. If I wasn't in a hurry I'd help out.

But I remember a guy saying he was renting in BKK for like 60 bucks a month and it looked good! It was where locals lived. I bet you could do it for 10k as long as you didn't go out every night I bet.

http://jetsetcitizen.com/cheap-travel/th...500-month/

But definitely search the threads, I remember some dudes posting about it. Look up my name and go through the posts I have posted, I asked the guy about what 60 (or was it 50) bucks gets and he posted a pic.

Good luck

Post: #30

(09-29-2013 09:43 AM)samsamsam Wrote:  JayuanGee,

I'd try to do a couple of searches. If I wasn't in a hurry I'd help out.

But I remember a guy saying he was renting in BKK for like 60 bucks a month and it looked good! It was where locals lived. I bet you could do it for 10k as long as you didn't go out every night I bet.

http://jetsetcitizen.com/cheap-travel/th...500-month/

But definitely search the threads, I remember some dudes posting about it. Look up my name and go through the posts I have posted, I asked the guy about what 60 (or was it 50) bucks gets and he posted a pic.

Good luck

Thanks SamSam: I was specifically interested in hearing from RawGod about his claims or about similar claims from guys on this RVF forum that have actually experienced something similar to what RawGod had stated was possible. Of course, luck could get those kinds of results that RawGod is asserting; however, to be able to achieve those kinds of results on a consistent basis seems a bit speculative to me. That's part of the reason, I would like to learn more.

Regarding the link that you pointed out, those guys in that link claim to be living in Thailand as a couple on about $650 per month for two months, but there are two of them and they are sharing costs on some issues. Also, since they are a couple, they have certain other lifestyle differences that may or may not be applicable to what seems to be a large majority of the guys on this RVF forum (who seem to be living a players lifestyle).

Also, I have been reading quite a bit through various RVF threads on travel and particularly SEA travel and also recently investment threads, and the combination of RawGod's claims of investment success and poosey seem almost too good to be true. In that regard, I would like to hear more details about how he or anyone else would accomplish such success in SEA or any other place with about a $10k initial investment - over about a year's time.