Have 10K saved up, what should I do with it?

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Check out Garynorth.com. There is a monthly cost but well worth it for the education. I learn alot in the forums and daily articles.

His model portfolio would have gotten you out of stocks in November of 2007, that's advise many people I know wish they listened to.

I have been reading his stuff for years on lewrockwell.com and have always found him worth a read.
 

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Sirius stock is up 17% today. Like I said, not much downside. Buy 1000 shares . Cost would be $450 dollars. The most you could lose is $450, upside is unlimited. 2 years from now this stock will be over $5.
 

Cui servire est regnare
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Why not fully fund your sportsbok account? i LOVE having 10K at my disposal, with the proper discipline, you can get that up to 18 or 20K without a hell of a lot of problem by the end of the year.
 

Rx Senior
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there is good debt and bad debt... those low interest loans you can deduct are good debt.

In order:

1. pay off bad debt
2. fully fund your retirement plans
3. tuck away 6 months worth of money to cover expenses.

when you get all three of those done THEN

4. kids? if yes then get life insurance if not...

5. diversified porfoilio of stocks

I'm telling ya, playing in the stock market is a lot easier if you have all that other stuff taken care of first.

good luck


Thanks for the advice. I guess my bad debt is probably my car, although I have a pretty solid rate on that.

Have $0 on credit cards, never have had a balance on one although I have used them a ton I always pay the balance every month. I'm proud to say I have never paid 10 cents of interest on a single credit card.

I have been thinking about filling my roth IRA. If I do it before the new year then can I turn right around and put in another 5K on Jan 1st?
 

Show me a good loser, and I'll show you a loser
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Sirius stock is up 17% today. Like I said, not much downside. Buy 1000 shares . Cost would be $450 dollars. The most you could lose is $450, upside is unlimited. 2 years from now this stock will be over $5.

from your fingers to gods ears I have 12,000 shares at $2..go siri
 

Show me a good loser, and I'll show you a loser
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and Indians my suggestion- play the market. By some solid companies that pay dividends..microsoft, GE, Altria, etc.. there are some bargains out there. gl
 

Rx Senior
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from your fingers to gods ears I have 12,000 shares at $2..go siri


5 Reasons Why Sirius XM Is at $0.43

By Rick Aristotle Munarriz
October 13, 2008
Comment (11)
<script src="http://g.fool.com/js/Recommendations.min.js?v=39339-a" type="text/javascript"></script> <script type="text/javascript" language="javascript"> Fool.onContent(function() { Recommendations.init('951689612','751996','Post'); }); </script> Recommend (3)

SIRI

Sirius XM Radio
Rate SIRI
CAPS Community Rating 2/5 Stars
tickerMovementUp.gif
$0.51 $0.08 (18.60%)

More about SIRI

The Motley Fool's 2 Top Picks


Things aren't pretty in satellite radio.
Even as Sirius XM Radio (Nasdaq: SIRI) continues to gain subscribers and point to merger-related synergies, it's a hard sell on Wall Street. The company's stock begins the new trading week at $0.43 a share.
If there is any irony in the stock's erosion, it's that the bulls get more animated as the stock drops. Wait a few hours and you'll see the comment box below this article fill up with comments of readers incensed that The Motley Fool would dare bash their precious stock.
I am an adamant bull on the satellite radio medium -- though not necessarily the stock -- and I still get the venom.
"I'm no longer reading TMF," a typical comment may go. "You guys have been bashing Sirius for years."
There is never a "thank you for being right" or an "I wish I would've listened to you" after some of the sharper attacks on the company from my fellow Fools. I don't get it. Why are the befallen doing the taunting? We all make investing mistakes. They are inevitable. The key is to learn from them. Delusion will only make you poor.
Rather than fire up the bull or bear camps, I want to take an even-handed approach at the reasons why Sirius XM finds itself in its pocket change hole today. It's the best way of assessing if the company has what it takes to claw its way back out.
1. It's the shares outstanding
Sirius used to have a small count of shares outstanding. Then came its costly recapitalization efforts in 2003, followed by the necessary swallow of XM this summer. With more than 3 billion shares now, the company would have to command a market cap of $32 billion for its stock to break into the double digits.
Even DirecTV (NYSE: DTV) and Dish Network (Nasdaq: DISH) combined don't account for that kind of market cap, and satellite television is a higher-revenue product where both companies have been consistently profitable for years.
Trading in the single digits is a more realistic goal, but even then the industry will have to show that it's capable of generating consistent cash flow now that top-line growth is decelerating.
2. The FCC did it in
What stinks most about the FCC taking a year-and-a-half to approve the merger is where it dropped the newlyweds off: mere months from the first of three nine-figure debt repayment milestones.
Starting in February, Sirius XM has three huge refinancing hurdles to clear. This is like re-spawning in a video game, only to realize that you're starting again in a barrage of enemy fire. This is like getting pumped that your friends threw you a surprise party, only to find that the cake has been spiked with arsenic.
If Sirius and XM had been able to milk their deal synergies a year ago, the new entity would be much closer to turning consistently cash flow positive and appeasing its creditors.
3. It's a lousy time for automakers to go weak
If you think last week's market hit was bad, tell that to someone who invested only in domestic automakers. Shares of General Motors (NYSE: GM) and Ford (NYSE: F) shed roughly half of their value last week.
A sour economy is brutal to a big-ticket industry like car manufacturers. Even though relief is coming from pesky gasoline prices, drivers are delaying new car purchases and spending less time on the road.
That's a one-two punch for satellite radio. Fewer new cars being sold means fewer satellite receivers out there, since factory-installed systems remain the key driver for the industry. Drivers resorting to public transportation or carpools to trim down their commuting costs lowers the value proposition of a satellite radio subscription.
4. The alternatives are real
I have typically defended satellite radio relative to the booming popularity of portable media players like Apple's (Nasdaq: AAPL) iPod because they each aim at replacing a different aural appliance. Apple upgrades a car's CD player, while XM and Sirius take old-school terrestrial radio to a new level.
However, times they are a-changing. Some of the more popular Apple apps for iPhone and iPod touch devices are Internet radio streamers like AOL Music, Last.fm, and music discovery site Pandora. When you follow the bread crumbs of nascent trends like in-car Wi-Fi connectivity, municipal broadband coverage clouds, and smartphones that double as Internet radio streaming gadgets, it's hard not to temper one's expectations of satellite radio itself.
5. Separating the stock from the sector
I'm convinced that satellite radio will survive. The market obviously isn't so sure about the immortality of Sirius XM Radio shareholders. After all, antsy creditors may force Sirius into bankruptcy reorganization next year. It would likely wipe out the common-stock investors.
Even if a terrestrial radio heavy like Clear Channel or CBS (NYSE: CBS) makes a buyout play, it's one that will be considerably cheaper in bankruptcy court.
I don't see it getting that far. Filing for reorganization would clean out investors, but it might also be Raisin Bran to the colons of subscribers. "Most consumers -- including Sirius and XM's 18.6 million subscribers -- don't know the difference between Chapter 7 and Chapter 11 bankruptcy protection," I wrote last month. "Subs hear the word 'bankruptcy,' and they cancel in droves. Potential signups hear 'bankruptcy,' and there's no way they'll fork over the money for a satellite radio receiver."
In other words, Sirius has far more to lose than its common shareowners if creditors force the company into bankruptcy.
All of these hurdles explain why the stock has been marked down to four bits. Clawing its way out is a matter of clearing a few of the obstacles in the coming months.
I think Sirius can do it, but don't let that get in the way of the venom that Sirius bulls will tack on at the end of this piece.
Some other tales of low-priced stocks on the move:
 

Show me a good loser, and I'll show you a loser
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agree with all posted but this is a speculative buy. As I said use the money split it into thirds and buy some of the companies that match what I said. SIRI is a lottery ticket and I think they will be around. As anyone who has had satellite can attest one you have it you can not go back to terrestrial radio. It is a gamble and we are in a gambling site right:lol:
 

I'll be in the Bar..With my head on the Bar
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Call your Senator....if their a Democrat........They will take the $10,000 as a campaign contribution then turn around around and send you a $250,000 earmark to do whatever you want with...If your senator wont go along with it call Mary Landriue (D) senator from Louisiana ...she does it all the time. Pretty sure its tax free also..
 

Rx Senior
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agree with all posted but this is a speculative buy. As I said use the money split it into thirds and buy some of the companies that match what I said. SIRI is a lottery ticket and I think they will be around. As anyone who has had satellite can attest one you have it you can not go back to terrestrial radio. It is a gamble and we are in a gambling site right:lol:


I agree, got a 3 month subscription with my car. I couldn't stand not having it once the 3 months was up! Bought a subscription the next day
 

Pro Handi-Craper My Picks are the shit
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Start booking some $20 players.
 

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