Money & Investing | Asian American Poll

MONEY & INVESTING
(Updated Tuesday, Apr 1, 2008, 05:12:01 PM to reflect the 100 most recent valid responses.)

Who handles the household checkbook in your family?
The Wife | 74%
The Husband | 26%

Which of the following ethnic groups attaches the most importance to making money?
Chinese Americans | 51%
Vietnamese Americans | 14%
Japanese Americans | 1%
Corean Americans | 30%
Filipino Americans | 4%

Which of the following do you consider to be your most important investment method currently?
Buy/Upgrade Own Home | 39%
Other real estate | 4%
Stocks/Options/Futures | 31%
Mutual Funds | 10%
Bank Deposits | 16%

This poll is closed to new input.
Comments posted during the past year remain available for browsing.

CONTACT US | ADVERTISING INFO

© 1996-2013 Asian Media Group Inc
No part of the contents of this site may be reproduced without prior written permission.

WHAT YOU SAY

[This page is closed to new input. --Ed.]

AC drop out:
I know exactly what preferred stocks are. That however does not change an iota of determining the value of normal GE shares thus directly reflecting on the prefered shares. If GE is not doing well both share and bond will not be in good standing thus any prefered shares of stock will suffer. Besides you never have to buy prefered stock. They are very unnecassary.

B.LEE
well the stock market is a sharp sword. Master it and make a fortune, dont and it will cut you apart. As with anything in life, practice makes perfect. You say you got slammed well let me ask you how many hours you studied it and trained on how to invest?
I bet very very very little. If you dont spend the time, what makes you think you'll make a fortune??? wrong mentality. Nothing is free in this world.

Lacking investment skills:
Sure, I personally come from a background of stocks and stock options. I am a master in my domain. I have no idea about real estate. So i'll give you my expertise.

1. learn as much as possiable about stocks. Try to read a brief summary first and then progress to books. The start of the learning process is extrememly boring and many people drop out at this stage (I did it for 6 months) before picking it up again.
Good sites include, quiken.com and Fool.com they have some easy stock market summaries.

2. Practice, do paper trading. Pretend to buy and sell on paper. Write strategies and analysis on each of your trades. Nothing fancy just why you bought, sold etc. This will help you immeasureably. (skip this step and you'll never make a fortune in stocks)

There are two type of way to analyze future price of stocks. Fundamental and Technical.

Fundamental analysis is the use of balance sheet, PE ratio etc etc. Use of numbers and figures. This type of analysis is very very popular among initial investors and analysts. This type is useful for gauging long term performance possibilities of stocks. However in the short term is quite useless. For exampe in the late 90's the internet stocks had very bad fundamentals, yet in the short term the stocks zooomed up and up without a seeminly end. However eventually they busted. Fundamentals analysis is not highly useful and might be confusing at first. Dont worry about it. They mostly bull shit anyway. (I personally was a fundamental investor, however technical analysis is KING and I rarly if ever use fundamental analysis now)

Technical analysis, what a beautiful name. It is analysis using chart patterns. (word of caution 90% of technical patterns taught in books are useless only 10% is worthy) but the trends are worthy to study. It is very very very effective both in the short run and long run. It also includes news. I dont pay attention to news that much, but occasionaly there is breaking news that will also be reflected in teh technical charts. For example a record earnings will often result in a "gap" which signals extraordinary buying strength to the level that the stock "jumped" through time. Instead of going from point A to point be it went form A and instantly found itself at point b.

3. Finally learn psychological control. If you can't do these, buy an index fund and forget about it.

Bottom line: learn about stock market in general. Learn technical analysis, psychological control and practice.

SOG Thursday, June 27, 2002 at 22:43:19 (PDT)

To: MLK

Triplex in the South Bay? That sounds kind of hard to cashflow. Well, maybe you’re buying it all cash? ;) I prefer more and smaller units, studios and 1’s. Don’t really want an entire family to live there – maybe a single person or a couple. They also tend to vacate after 3-5 years, so in a rent-controlled city, it provides a chance to adjust the rents to market. I don’t know which city you’re in, but I don’t know of any cities in the South Bay that has rent control, which is good for you. In my experience, tenant selection makes all the difference, and 90+% of all repairs are plumber calls. So get into an area that attracts professionals and get in good with your plumber (no pun intended).

Repost Thursday, June 27, 2002 at 19:08:45 (PDT)

Lacking Investment Skills,

Max out your 401K or retirement plans each year. 15% saving at least.
AC Dropout Thursday, June 27, 2002 at 15:00:07 (PDT)

to 1/2LostSoul

That's ok, because I don't know what anybody looks like on Goldsea either, and I don't have a problem with needing to know what any of you look like even as I'm chatting to you guys. I'd just let your personality develop over time as I continue communication to see how you all are.

Oh, and thanks for the compliments. I'm sure you're just saying that to make me feel good.
MLK Thursday, June 27, 2002 at 12:47:52 (PDT)

to AC Dropout

Funny as it may seem, you really do seem to be very pretentious. Is this an act or are you really not into the normal things people do for fun because you're so high above everyone else? Does it always have to be high-class for you to enjoy? Next thing I know, you're going to say something like..."You know MLK, I'm too high-class to keep this conversation going with you because you exhibit coarse and common tendencies like eating baby carrots right out of the Safeway bag while driving down a dark dessert highway and crooning out loud to the tunes of Bob Marley."

Verbal abuse is not something that men general experience from their women (although I've seen some really hen-pecked husbands in my lifetime). My experiences in men don't degenerate to the level of the trailer trash bum either. I've never had much stomach for that type of guy.

A man could push all my buttons and I would still not jump up and down and throw stuff. I'll do other (more exciting things) but throwing a temper tantrum is not something I'll do.

I don't get mad, I get even... hehehehehehe.

What's a TKD? Is that a company or a lady's initials or something? You may not like to lose, but that's because you haven't found the right girl yet. Once you've found her, you wouldn't mind losing everything to have her. Mark my words, Mr. Don't Like to Lose AC Dropout.

Bikini wax??? (double-take) what in the world are you talking about? Do men actually get bikini waxing? Sounds incredibly painful.
MLK Thursday, June 27, 2002 at 12:20:06 (PDT)

Repost,

"I’ve never found trustworthy property management firms"

Of course not. They are small time businesses also. They get kick backs from the overpriced contractors. Unless you have a huge 100+ unit complex, you won't be able to find a crediable management company. And if you large enough to do that, you might as well keep it in house.

It cheaper to have a salary part-time/full time handy man to take care of stuff on a small real estate enterprise.
AC Dropout Thursday, June 27, 2002 at 12:18:02 (PDT)

Need some advice,

Stay away from the no money down concept unless you feel the property is undervalued in a highly appreciating area.

I looked into the no money down concept. It really just getting a personal loan or business loan on your part and the seller getting a second mortage on their part. You are left paying off the 2nd mortage of the seller and the loan you've taken out.

It is predicated on a couple of factor

1) The seller wants cash and is will to sell the property undervalue
2) The seller is willing to front a 2nd mortage you will be responsible for
3) You have such great credit you can get a huge personal loan or equitiy loan from another property
4) The market is appreciating so it is worthy of your effort to negotiate all this
AC Dropout Thursday, June 27, 2002 at 12:13:57 (PDT)

NEWEST COMMENTS | EARLIER COMMENTS