Finance Questions

Archive for September, 2005

Question: Im a teen with some extra cash and i want to invest in stocks.. help?

hey

so im 16 and im a junior in high school.
i have about 50 bucks and i had a Personal Finance class at school and it made me want to buy a stock or stocks

i know you pay per share, plus the fee, but are there any good, cheap stocks that i could buy right now?

i dont really know much about this… please help!
my teacher was just telling us how banks only have a like 2% Interest rate right now.. and that we could probably be doing better in the stock market.

its only $50 so i dont mind losing it.

please give me some advice?

thanks so so much (by the way, my parents werent really sure, which is why im asking here)

Answer: I’m not sure you can open a stock account for only 50 bucks….but if you can, you should consider buying stock in a company you know something about…probably at least you know about the products of some company…. something you use and are impressed with….a video game…a brand of clothes…a chain of stores….if they do things well…. and you have reason to believe they will be successful….if they make you a happy customer….that’s where you should probably invest….another problem you may run up against is many stocks cost more than 50 bucks for one share….

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Question: How to sell my financed car to a private party ?

I’m kinda new living in the US, i got a 2007 car purchased financed through my credit union.
Now i need to sell the car but i need to know what’s the procedure for selling the car and transferring ownership to the new owner ? and would a cashier’s check be the best way to get guaranteed payment from the buyer ? of course i understand that i need to payoff my loan to my credit union first

Answer: yes on the cashiers check…no on the payoff. you do not have to payoff the vehicle PRIOR to selling the car. you just have to pay it off prior to transferring the title so that you can get the title and sign off on it. the new owner will take your signed title to the DMV and they will take care of the title transfer. DO NOT SIGN THE TITLE UNTIL YOU RECEIVE YOUR CHECK

Guaranteed Car Finance – Bad Credit? Need A Car? – www.RIGHTDRIVE.co.uk -

Question: I want to work in Real Estate Finance but how do I get started?

I am a recent graduate from the University of Connecticut, completing a Finance Degree with a concentration in Real Estate & Urban Economics. I graduated with honors, I did an internship at Prudential Financial, and have references from previous managers, professors and personal friends. I can’t find a job. I have been on a handful of interviews that are begun with the explanation that their is not an open position but they would like to meet me now in case something opens up.

I am running out of time to wait. My apartment lease is up on Monday and I don’t have any family in the area. My friends have offered to help me out for awhile but I would feel terrible having to live off their charity for very long. I started about a month ago to look for bill-paying jobs such as a bartender, or waiter, even a retail job but have been met with resistance. I am running out of option and am not sure what to do. Any advice would be greatly appreciated.

Cheers,
Greg

Answer: Check into loan consultants international – there are based out of california. I have no affiliation with them but I was hired to research their company once and I was impressed. As for getting a bill-paying job to get by – you’re over qualified for those jobs – best bet would be to pick a job that expects a high turn-over rate (sadly those jobs are rarely fun, hence the high turn-over). Also if you’re interested in going it alone it wouldn’t be that difficult for someone with your experience to acquire a few underwriters to get you started.

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Question: What are the best real estate books to begin with for self-education?

I’m looking to change careers into real estate, and have a personal interest in beginning a portfolio of investment properties. What are the best books out there dealing with real estate finance, buying foreclosures, renting properties, flipping, and understanding the general market? Also, what newspapers/magazines do you recommend?

Answer: There are some good books out there but generally they give you either the view from 30,000 feet or they is an agenda that is not grounded in reality. The best thing to do is to get specific about what you want to do in investments: residential, multifamily, retail, office, ground leases, part of a TIC, an investment team, or single source investment. Then know your market where you want to invest. Get to know everyone that can effect or support your investment area: city planners, neighborhood associations, etc. There are loads of things you should do but first you need to get specific about what you want to do.

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Question: I have taken a house in Canada. Does it make sense to take a home loan in India to finance the house?

Can I take loan as personal loan from a bank in India to pay for the home here in Canada or any other country? Is this possible? Does taking a loan in India work cheaper when compared to taking a home loan in any other country? Any information will help.

Answer: Hello Friend,

Be very careful with online lenders. Be sure you do not give up any personal information before you apply for a loan until you know you have a real lender on your hands.

There are way too many internet scams out there waiting to help you part with your identity or money.

Regards,

Home Buyer Help

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