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Old 02-06-2011, 02:57 PM #1
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How viable is this?

Hi there, a little background on my question. About a month ago I saw ING was offering $50 if you buy one share in their sharebuilder program. To me this seemed like easy cash and nothing that I would ever get into. I buy my one share and get my $50...

However, about 3 or so days after I buy the one share I kept an eye on it and saw it went up 4.7% in 3 days. This has caused the wheels in my head to start turning....4.7%.....if I had invested say $5000...there's $235.

I'm a college kid, and would like to be able to take smaller student loans so I'm not slammed with the interest come graduation in '13. Is my idea...invest a few thousand, let it grow a few percent, and then sell a good idea? Or am I just asking to lose all my money? Thanks, for any help from those with experience in the stock market.
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Old 02-06-2011, 05:31 PM #2
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2 years can be pretty short term so you can be forced to sell at a loss.

Also, you will not be able to take out student loans if you have equities, you will be forced to sell and if needed after and only after will they give you money.

Thats how they do it in Canada anyways.
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Old 02-07-2011, 11:35 PM #3
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2 years can be pretty short term so you can be forced to sell at a loss.

Also, you will not be able to take out student loans if you have equities, you will be forced to sell and if needed after and only after will they give you money.

Thats how they do it in Canada anyways.
Interesting. Can someone confirm this regarding the US?
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Old 02-08-2011, 05:38 PM #4
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I hope that's not a true statement, at least in the U.S! Definitely something I will be looking into though.
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Old 02-09-2011, 11:52 PM #5
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Well it should be the same in the U.S as it makes perfect sense, as upsetting as it is.

They are helping those who do not have money to go to school, if you do have money why would they give you aid if you do not need it?

It is people like you, the greed that ruined the U.S in the first place. and people will never change. that is the problem.
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Old 02-10-2011, 03:45 PM #6
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Think before you make such a sweeping generalization. People like me... aka students, are paying the aid plus interest come graduation. If I find a suitable job i'd like to invest some of the money I make there to start saving and hopefully make more money. I can't afford everything from college so I take the loans, I don't know if you even graduated but it is very expensive. My parents pay for a small portion and the rest falls on my shoulders. Ever read the stories about the kids who graduate with over 100k in debt? I don't want that to be me and I'm only thinking about my future. The people who borrow too much and CAN'T pay back their loans destroyed the U.S, not the person who can.

Also, come to think of it, a number of students I know have invested and take student loans so I don't think your Canadian law applies here. Thanks anyways
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Old 02-10-2011, 06:41 PM #7
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i think its a good idea. borrow wat u can and invest it. Also look into going on margin trading with your broker
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Old 02-11-2011, 12:13 AM #8
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Think before you make such a sweeping generalization. People like me... aka students, are paying the aid plus interest come graduation. If I find a suitable job i'd like to invest some of the money I make there to start saving and hopefully make more money. I can't afford everything from college so I take the loans, I don't know if you even graduated but it is very expensive. My parents pay for a small portion and the rest falls on my shoulders. Ever read the stories about the kids who graduate with over 100k in debt? I don't want that to be me and I'm only thinking about my future. The people who borrow too much and CAN'T pay back their loans destroyed the U.S, not the person who can.

Also, come to think of it, a number of students I know have invested and take student loans so I don't think your Canadian law applies here. Thanks anyways
Are you really trying to bash me? because you fail, check the student eligibility in the U.S I just did.... and apparently I know more about it than you do and I am not even from your country.

and the people that burrowed was due to the fact that they still had their job and were not prepared for a housing bubble. If you bought a house for $500,000 took $400,000 loan and now your house is worth $200,000 would you continue paying that loan?

So if you took a loan of $5,000 invested it in the markets and it turned to $2,500. are you able to pay back the loan? never mind pay for your education.

Financial aid is designed for those with financial need. If you do not need the money they simply do not give it to you.

Please try again, I am interested to see what you have to say......not.
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Old 02-11-2011, 12:52 AM #9
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You may not qualify for need based aid but you would still be able to borrow Unsubsidized Stafford loans.

Part of the FAFSA you have to disclose your financial position (savings, investments, etc) as well as your parents. This is then used to determine your financial need for the academic year.
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Old 02-11-2011, 01:40 AM #10
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I went ahead and invested it 3 days ago after some advice of an uncle and ended up getting lucky with the growth and will probably sell it shortly. Oh I hope you're not talking about investing my loans btw.....I'm talking about investing money that I earn.
lol Thrill.Ride.....really guy? Calm down, you talk about bashing and you come into the thread saying "people like me destroyed America?" This was for advice solely.
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Old 02-11-2011, 10:43 AM #11
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I am not here to bash, but you have to realize that the market is pretty volatile. You said you have posted a growth over the past three days, realize that you will lose some days also. It goes up and down quite a bit throughout the day/week/month/year, you just want to make sure you pick a stock that is going to have a net "up" over however long you wish to hold it.

You must also realize that you actually haven't made any money yet. The only time you will realize your gains is when you sell your positions. This is the same for losses. Best of luck.

Mind sharing what stocks you picked up?
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Old 02-11-2011, 12:37 PM #12
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Oh you're absolutely right, I do understand the risk factor and that I may lose money. This is why I've been talking to professors, friends, family etc. for advice to best protect myself..
Sure no problem, "CHD" when it was trading for about 68.80...its up to 72.10 now..so I made about $200. (I did sell today) Thanks for the reply
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Old 02-11-2011, 05:56 PM #13
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not a bad trade. I suggest trying to add margin trading to ur account. You'll be able to increase your gains
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Old 02-11-2011, 07:47 PM #14
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this thread =

I can't take it anymore.

best of "luck" you will need it.
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Old 02-11-2011, 08:41 PM #15
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Cool thanks
And Werty...I'll definitely look into that, or I heard a mutual fund may be a good idea too.
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Old 03-15-2011, 03:44 PM #16
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Cool thanks
And Werty...I'll definitely look into that, or I heard a mutual fund may be a good idea too.
for your plan to work, and cash in on some day trading real quick, i dont think a mutual fund would be the best bet. mutual funds typically try to limit volatility, the up and downs, to gain a stable/steady return for investors. i think the lack of volatility would hinder your day trading gains/losses. but i think you're whole plan is pretty sketch so you may not care what i have to say.
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Old 03-17-2011, 12:51 AM #17
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Well I do care, would you elaborate on the last sentence?

Funny enough, Thrill Ride, I consulted your blog because I am still trying to learn as much as I can. After researching some of your recommendations I picked up TSL some time ago....and due to the crisis and Japan the shares soared. So if it wasn't for you posting in here I never would've seen that stock. Thanks for the tip.
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Old 03-19-2011, 06:23 PM #18
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Well I do care, would you elaborate on the last sentence?

Funny enough, Thrill Ride, I consulted your blog because I am still trying to learn as much as I can. After researching some of your recommendations I picked up TSL some time ago....and due to the crisis and Japan the shares soared. So if it wasn't for you posting in here I never would've seen that stock. Thanks for the tip.
ha, TSL can undersell any solar company out there. such a low cost production and high margins.

Nuclear power under review.
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