Long Term Advice
31-Mar-2004, 11:21 AM
#21
Originally posted by barrieciv
Focus on school... modding a Civic isn't as much fun as modding a nice M3 after 4 years of school.
Focus on school... modding a Civic isn't as much fun as modding a nice M3 after 4 years of school.
get back to me after you're done school and tell me how much you make
the only reason I even went to school was to get out and find a nice job and play with cars. haha... let's just say if I knew then what I know now, I prolly wouldn't have gone to school.
31-Mar-2004, 11:36 AM
#22
Registered User
Join Date: Apr 2002
Location: toronto
Posts: 1,147
the average student comes outta school now with 30-40k in debt with loans and such, save your money man, im done school now, saved as much as i could, bought a house a decent car, now wrx is next on the list
31-Mar-2004, 12:19 PM
#23
Registered User
Join Date: Mar 2004
Posts: 330
Originally posted by bbarbulo
he's right except for this part. i took $6000 and invested it in stocks. not ****ty ones either... SUNW, AOL, KOPN,... **** I forget, there were two others I think. One fiber-optics company JDSU!!! ... and the last one I can't even remember what it was.
Anyways, I lost all that money. In my case I would have been hella happier putting it into the car. At that time though, I prolly would have bought some nasty *** ricer body kit or something stupid like that. So I'm glad I didn't... Maybe in like 15 years I'll get a letter from TD Waterhouse saying "your account is worth $25,000" 
yeah right!!!
Anyways, point being, money is tight to begin with... you'll be better off keeping your *** outta student loans and other forms of debt, so when you start working you're not paying thousands of dollars back to various institutions. Just yesterday I got a letter from a collection agency about debt I didn't even know I had. Bastards never asked for money, how the hell was I supposed to know to pay them
**** Canada Student Loan. Now my credit rating is FUCT cuz I'm pretty sure it's been at least 6 mos outstanding if it went to a collection agency. 
he's right except for this part. i took $6000 and invested it in stocks. not ****ty ones either... SUNW, AOL, KOPN,... **** I forget, there were two others I think. One fiber-optics company JDSU!!! ... and the last one I can't even remember what it was.
Anyways, I lost all that money. In my case I would have been hella happier putting it into the car. At that time though, I prolly would have bought some nasty *** ricer body kit or something stupid like that. So I'm glad I didn't... Maybe in like 15 years I'll get a letter from TD Waterhouse saying "your account is worth $25,000" yeah right!!!Anyways, point being, money is tight to begin with... you'll be better off keeping your *** outta student loans and other forms of debt, so when you start working you're not paying thousands of dollars back to various institutions. Just yesterday I got a letter from a collection agency about debt I didn't even know I had. Bastards never asked for money, how the hell was I supposed to know to pay them
**** Canada Student Loan. Now my credit rating is FUCT cuz I'm pretty sure it's been at least 6 mos outstanding if it went to a collection agency.
That's why the average person should invest in mutual funds and not individual stocks. With a mutual fund, you also get a fund manager to keep track of where fund monies should be best invested to meet the investment return targets, and to shuffle money about without you having to think twice about it..
My TD Waterhouse investment account doubled in size last year, much of it from gains in the small caps funds averaging 35 to 50% returns, and the bonus topping helped along by my Nortel shares.
31-Mar-2004, 07:17 PM
#24
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Thread Starter
Join Date: Jul 2003
Location: Mac U
Posts: 671
alot of excellent input, thnx alot guys!! 
im not gonna spend wads of cash, jus deseant, satisfying upgrades/mods. as for investsments, im actually working as a co-op student at an investment firm, and im getting very well educated bout all that. mutual funds are safe, stocks are for ppl who have high risk tolerance. from what im seeing i think i'll start investing small amounts early.
i've decided that i'll jus push this car thru till im outta skool, it won't be extremely modded, jus things that will be satisfying to me.
all this skool **** better pay-off !!
im not gonna spend wads of cash, jus deseant, satisfying upgrades/mods. as for investsments, im actually working as a co-op student at an investment firm, and im getting very well educated bout all that. mutual funds are safe, stocks are for ppl who have high risk tolerance. from what im seeing i think i'll start investing small amounts early.
i've decided that i'll jus push this car thru till im outta skool, it won't be extremely modded, jus things that will be satisfying to me.
all this skool **** better pay-off !!
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