What to do with extra cash of $1000-$2000?

[safetyfirst]

at least 5yrs of holding. some wld be forever. not more than 5stocks at any one time. usu spend at least 3mth of analysis plus site visits befire putting a single cent in.

Got it. Complete opposite of my dad. My dad would come back with some hot tips from his friends.. He would aslo get stock ideas by looking at stocks with highest trading volume.

The stocks that he will hold or own forever are those that fall below his entry point. Sad to say, they never recover and he will pretend that they never exist.

Over the past 15 years, i wonder if he has made a net gain in the stock market

[AlphaQuant]

buy Graham's "Intelligent Investor"
buy John Hull's "Options, Futures, and Other Derivatives"

if u can understand everything in these 2 books, u should be able to do well in any interview in the future.

open a cdp account and buy 1 or 2 stocks - it is good to experience losing money when u have not much to lose. do not use margins.

and then stop and focus on ur studies and do well in ur job.

and SAVE.

[paullow]

there is as fine a line separating gambling for fun and addiction as separating trading and investing. imo. try everything n anything when u r young. stakes a smaller when u got time on ur side n still single. casino n stock market does not respect a persons wealth n status. senseless gambling n senseless trading ruin too many lives.

[corydorus]

Yes. Be very careful with gambling addiction. I am fortunate enough not to face such problem but I have heard many many TRUE Stories.

[Musicwhiz]

Just to point out that the discussion on gambling is becoming off-topic. If further discussion is desired, please create a separate thread for it.

Thanks.

[cyclone]

To continue discussion on casino best betting system, please post at http://www.valuebuddies.com/thread-2673.html . Thanks.

[LionFlyer]

Of the $2000, set aside $100 for investment books. This leaves a balance of $1900.

Deposit $1900 into your CPF Ordinary account before 31 December. You will get 2.5% interest plus you will qualify for the additional 1% interest (as you are a student, I don't think you have more than 60k in your CPF now).

CPF interest is computed and payable 1st Jan. So within 1 week, you get your interest.

The only catch? You can't really get the money in your hands. But I guess it is better than to deal with the uncertainty of the tables or the betting shop.

[Bibi]

Deposit $1900 into your CPF Ordinary account before 31 December. You will get 2.5% interest plus you will qualify for the additional 1% interest

There is no guarantee that CPF interest will remain at 2.5% forever right? I have a feeling that our govt is trying to find a good time/opportunity to lower it.

[pianist]

why not travel?

[BrendonA]

Wow, didn't expect to have this much replies, thank you all for your advices.

Although there is no definite answer to this question, at least you guys sort of give me various suggestions and ideas.

Thanks once again