im paying out of state tuition for college thats 22k for fall and spring and another 4k for summer so thats 26k im paying car insurance as an 18 yr old with 1 speeding ticket so my insurance is high and various other expenses

and ya i can wait to save up but i was looking for what most people do. take out a loan or pay for the parts/labor outright

Do what u can afford. U shouldn't get a TT kit right away it's not necessary. U should get 2 know ur car 1st. Decide what u feel needs improvement. Don't mod 4 the sake of modding. I'm gonna start with bolt ons. It's a inexpensive way 2 gain a good amount of power. I will wait until next spring b4 I do that. Down the road, in 5-6yrs I will TT it. That should give me enuff time 2 save up 4 the kit. 2 take out a loan 4 mods is ridiculous. Get ur priorities straight. If u plan on keeping the vehicle 4ever like I do there's no hurry.

Sorry, my statement was ment more in the general sense and although you say in your first post you trade stocks, that means relatively little. Case in point, there is a man in my area who has been trading stocks for 15+ years. Long story short, he was running a ponsi scheeme and lost his investors many hundreds of millions of dollars.

Anyway, I agree with m4a1mustang. You are taking a big risk and relying on the market being able to return a larger percentage on your investments than the percent on your personal loan. In my opinion it would be better to buy the mods outright and then focus on getting solid returns without having that extra stress factor weighing on you.

Edit: Just caught up with the rest of the thread. If you can day trade and actually get returns that big then do it. Just be sure not to get in over your head.

Bunch of Blah, Blah, Blah. My previous post carries more truth than most of you want to admit...........

Roo, If you wouldn't mind, I'd like a PM on your money making skills ,lol.

Look guys; he's 18 years old...does anyone really think he is actually going to listen to your advice/opinions even when he asks for them???

Those of us a couple or more times 18 know what I mean...those that aren't will eventually know! :)

A line from one of my favorite all-time moves comes to mind "youth is wasted on the wrong people"!

maybe im teaching my roommate and my RA on the dorm here but the more people that know the less i make. but well see lol

just cause im 18 doesnt mean i wont listen to advice or opinions. i didnt ask a question so i can pick the answer i like most or have the right answer already.

I agree with you but I think the stimulus thing I mentioned will serve to skew the reality that will be happening that you speak of. It will create the usual hosue-of-cards effect.

Pyramid scam, multi-level marketing?:confused:

Well, I was talking to Roo anyway. I'm 25 and do pretty well for myself. Not to be too big of a prick but I wouldn't take advice from an 18 yr old on anything financially related.

pay cash or wait..

no pyrimid scam im simply gonna teach him the technique of what i do. hes gonna buy his own stocks using the advice i give him. im not going to tell him what im investing in either.

thats fine lol

Can you post a screenshot of your portfolio?

Day-traders keep bankruptcy attorneys in business...if you look in the dictionary for "day traders" is just says "see financial disaster".

The only actions more devastating to financial health is medical debt and gambling (odds are gambling is a better bet; pun intended).
:tiphat: