I finally saved some extra money after sending money back to my parents and spending on some stupid traffic tickets, vacation and camera... Maybe also the iPhone and this laptop as well.
Anyway, I actually really want to replace my car since it's the first car I got... so imagine how crappy it has been. It still runs fine (ah, the thrill of passing luxury cars with my crappy car is priceless), but I came with some scratches and I added some more over the last 2 years. LoL.
My savings is not enough to buy a new luxury brand car as I wanted (I was eying on Lexus IS350 or Mercedes C300) - I can afford a used luxury car or regular mid-size cars though. But enough to start a decent investment account - finally something to test my theoretical knowledge!!!
Yeah, but I am very risk-averse, or let's say I am bearish right now.
Some of my funds are allocated to Small Cap now, but I know they will go down sooner or later because the way I see it, the current economy is just as fragile as it has been for over last 13 months.
But there are so many dumb investors blindly flocking with others so that there is a decent chance that this crazy bullish trend might go on for a couple more months, which means doing short-sales could be costly until markets turn around, especially when I probably don't have enough money to compensate the possible losses...
Also with the US dollar dropping like hell, buying bonds is not a good idea either.
So, it looks like I have money enough to get a start stock/fund investment account, but not enough to overcome possible losses. If I am to get some stock accounts, should I use E-Trade or Schwab?
Sigh... should I get a car?
I know the rates and even prices are pretty low right now, but will become much lower once the stock market crashes again.
And not to mention how fast those cars will be devalued once purchased.
Lastly, it's just crazy to get a CD too, because the interest rates are too low on those. Should I get a CD account in Korea? I know they will maintain decent exchange rates against the US dollars, enough to compensate for the exchange rate fluctuations for at least a year. But is it not too much of a hassle?
Sigh, a tough decision to make... I don't want my money to rot earning only 1.5% interest.