View Full Version : Investing
So there was some threads in the past about Real Estate investing. I was wondering if anyone here had any info for me on something. Sadly I am at a low point for money or I would be into this for all I have. Past year at 1.40 a share, dropped to 20 cents. I was told to buy in at 32 cents currently trading at 50 cents after being at 32 last month. So question - How do I go about getting a loan to invest into something like that? Yeah I'm poor, but I am smart and I have managed to survive without a real job for years now. I run my own business stuff now and its training me to think different than before. Also the same person who told me to buy in at 32 expects it to rise significantly over a few years.
So how does borrowing on margin work?
Colorado_Outback
08-13-2013, 12:46
Yeah I'm poor, but I am smart and I have managed to survive without a real job for years now. I run my own business stuff now and its training me to think different than before. Also the same person who told me to buy in at 32 expects it to rise significantly over a few years.
Walk into a couple banks and recite the above verbatim. You should be good to go.
ChunkyMonkey
08-13-2013, 12:48
So there was some threads in the past about Real Estate investing. I was wondering if anyone here had any info for me on something. Sadly I am at a low point for money or I would be into this for all I have. Past year at 1.40 a share, dropped to 20 cents. I was told to buy in at 32 cents currently trading at 50 cents after being at 32 last month. So question - How do I go about getting a loan to invest into something like that? Yeah I'm poor, but I am smart and I have managed to survive without a real job for years now. I run my own business stuff now and its training me to think different than before. Also the same person who told me to buy in at 32 expects it to rise significantly over a few years.
So how does borrowing on margin work?
Invest on your own future.. stop being a liberal.
muddywings
08-13-2013, 13:05
So there was some threads in the past about Real Estate investing. I was wondering if anyone here had any info for me on something. Sadly I am at a low point for money or I would be into this for all I have. Past year at 1.40 a share, dropped to 20 cents. I was told to buy in at 32 cents currently trading at 50 cents after being at 32 last month. So question - How do I go about getting a loan to invest into something like that? Yeah I'm poor, but I am smart and I have managed to survive without a real job for years now. I run my own business stuff now and its training me to think different than before. Also the same person who told me to buy in at 32 expects it to rise significantly over a few years.
So how does borrowing on margin work?
what's the stock symbol and I'll let you know how to invest on margin? (no IM/PMs allowed)
I don't actually know much about stocks. MrPrena is your guy for that.
I didn't know you weren't banned.
Why do people have to be so confrontational. I don't see any of you guys on the liberal sites working to defend the 2nd Amendment. I get crap from you all because I am not lock step and crap from the other side because I am VEHEMENTLY pro 2nd Amendment. Its a gun site, why don't we gun owners stick together instead of chasing off allies for not being party pure?
Now back to investing. I personally want to buy this to ride it to 100. Which I think is possible.
muddywings
08-13-2013, 13:42
Why do people have to be so confrontational. I don't see any of you guys on the liberal sites working to defend the 2nd Amendment. I get crap from you all because I am not lock step and crap from the other side because I am VEHEMENTLY pro 2nd Amendment. Its a gun site, why don't we gun owners stick together instead of chasing off allies for not being party pure?
Now back to investing. I personally want to buy this to ride it to 100. Which I think is possible.
I'm not being confrontational but sometimes advice isn't free. If you gotta good tip and you want advice, then feel free to share.
ChunkyMonkey
08-13-2013, 14:00
Why do people have to be so confrontational. I don't see any of you guys on the liberal sites working to defend the 2nd Amendment. I get crap from you all because I am not lock step and crap from the other side because I am VEHEMENTLY pro 2nd Amendment. Its a gun site, why don't we gun owners stick together instead of chasing off allies for not being party pure?
Now back to investing. I personally want to buy this to ride it to 100. Which I think is possible.
Simply put, american liberalism portrays profiteering to be evil. You want to be successful, stop being liberal. Otherwise, collect that food stamp and be happy to spread out your wealth.
Well this is an unrelated tip but came from the same source. This company is getting closer and close to producing artificial blood which I am sure the military will buy a ton of. Spectra Inc out of Ohio.
Simply put, american liberalism portrays profiteering to be evil. You want to be successful, stop being liberal. Otherwise, collect that food stamp and be happy to spread out your wealth.
Yeah thats the ticket... the whole world is black and white. [Sarcasm2]
When I get money to invest then I will tell. But the only thing I have right now is knowledge I believe in. I just was wondering if there are any routes that others think are a good path to use to capitalize on that?
This is a penny stock? That's gambling, not investing. Understand the difference. If the friend who gave you the tip isn't already filthy rich, you should wonder about his judgment to date. You know, the old "Why don't psychics just pick the winning Powerball numbers and retire" question.
BushMasterBoy
08-13-2013, 14:21
ffs...it is fake blood! http://www.toledoblade.com/local/2012/06/20/Spectra-tests-artificial-blood.html
So there was some threads in the past about Real Estate investing. I was wondering if anyone here had any info for me on something. Sadly I am at a low point for money or I would be into this for all I have. Past year at 1.40 a share, dropped to 20 cents. I was told to buy in at 32 cents currently trading at 50 cents after being at 32 last month. So question - How do I go about getting a loan to invest into something like that? Yeah I'm poor, but I am smart and I have managed to survive without a real job for years now. I run my own business stuff now and its training me to think different than before. Also the same person who told me to buy in at 32 expects it to rise significantly over a few years.
So how does borrowing on margin work?
Why not ask on a Financial web site like http://www.zerohedge.com/ ?
ffs...it is fake blood! http://www.toledoblade.com/local/2012/06/20/Spectra-tests-artificial-blood.html
My favorite quote form the above:
"It's unclear how much the company could profit from producing the synthetic blood because the product is still in the testing phase, Mr. Mejiritski said."
kawiracer14
08-13-2013, 14:28
It's unclear how much the company could profit from producing the synthetic blood because the product is still in the testing phase, Mr. Mejiritski said.
Read more at http://www.toledoblade.com/local/2012/06/20/Spectra-tests-artificial-blood.html#gMr0cBJ3pPDOQ5su.99
http://lmgtfy.com/?q=how+does+buying+on+margin+work
Yeah it's fake blood, for training... not for saving soldiers lives. It's not like synthetic oil in your car that can be used in place of the real thing....that would be a breakthrough, but fake training blood? Eh, not so much.
Rooskibar03
08-13-2013, 14:45
Don't buy gold. Man I got seriously f@*ked in the last 8 months on a rather large gold purchase. I'm kinda hoping the market tanks so it will swing back even so I can cash out.
Thank you everyone for the help and the things to read....
I laugh... that those news stories don't know how that company will profit off synthetic blood. bangs head on table. Hello.... as a past medic I can tell you that having synthetic blood to put in a patient to keep them alive a little longer is a HUGE leap forward. Esp because from what I gather, it does not need to be refrigerated as much as the real thing. They perfect that, that company is a gold mine.
And no from what I am told is they are working on fake blood that works like real blood too. But I am also taking this info from another person who is not medical but seems to have good knowledge because he spent his whole life in the intel field.
Thank you everyone for the help and the things to read....
I laugh... that those news stories don't know how that company will profit off synthetic blood. bangs head on table. Hello.... as a past medic I can tell you that having synthetic blood to put in a patient to keep them alive a little longer is a HUGE leap forward. Esp because from what I gather, it does not need to be refrigerated as much as the real thing. They perfect that, that company is a gold mine.
And no from what I am told is they are working on fake blood that works like real blood too. But I am also taking this info from another person who is not medical but seems to have good knowledge because he spent his whole life in the intel field.
I hope you are kidding.
But, I'll bite.
The blood they are making, is only intended to look like real blood - for training purposes. It is not being intended to act like real blood - to save lives.
ChunkyMonkey
08-13-2013, 14:54
You two are talking about completely different thing. Nynco is referring to synthetic blood which is made from human stem cell as actual blood replacement. We are still at least a decade away from any real trial. The article, Nynco responding to is actually about artificial blood that can be used for medic training - fake blood. He'll make a great investor with that kind of reading skill. [Flower]
The person that pointed me to that company said they are working on real synthetic blood too. The kind made for the battle field. Perhaps it was a different company. He told me to look up a company in Ohio working on synthetic blood. This guy is a retired general.
Aloha_Shooter
08-13-2013, 15:15
It was at $1.40, dropped to a low of $0.20 then came up? Essentially what you're talking about is gambling on what are called penny stocks -- and it's gambling, not investing, unless you have inside information that shows that company is severely undervalued. Banks got in the hot water they did in 2007 by loaning money for speculative "investment" by people who couldn't afford to pay them back.
I don't know that this would be investment rule #1 but it's close: Don't take a loan to take a gamble. Only take loans to provide cashflow to do things you KNOW will pay back, e.g., purchase more inventory that you have high confidence in reselling at a profit.
As far as stock purchases on margin go, most brokers are willing accomodate this but you can only buy on margin to a limit that is set by the assets in your account -- they have to be able to liquidate your assets to meet a margin call so won't lend you more than they believe they could get back from selling your portfolio. Example: I have $10,000 in my account in a combination of assets and I think stock X is going to climb dramatically very soon (maybe they have a profitable patent or product coming out, maybe they took an unreasonable hit because some stupid actress testified erroneously in front of Congress, etc.).
Your broker will charge a rate for the amount you want to borrow. You pay interest as long as the loan is open but they may do a margin call under certain circumstances (in which case you have about 2 days to pay off the loan), e.g., if the stock you purchased tanks. If you don't pay the margin call, they have the authority to liquidate your account to get the funds (as well as pursue you for additional liability if your account doesn't cover the margin).
Buying on margin is generally for suckers. When you say you're sure the military will buy a lot of artificial blood ... you DO realize they're getting hammered right now? Not only are acquisitions being slowed or cancelled, training is slowed, tours are being lengthened (to reduce the move expenses), heck, our building has eliminated paper towels in the bathroom!
I can't find the company you're referring to. Spectra Inc (SPKTF) is a grey market stock out of Canada running 3/10 of 1 cent as of Jan 18, SpectraScience Inc (SCIE) is healthcare equipment company with stock running 4.65 cents as of 1:30 MDT. Be very careful of tips like this -- you might as well go to Blackhawk or Cripple Creek with the money you're "investing" -- at least you'll get a free beer out of it.
Coconut milk can be used as a blood alternative,,, BUY coconut trees.
<MADDOG>
08-13-2013, 18:23
It was at $1.40, dropped to a low of $0.20 then came up? Essentially what you're talking about is gambling on what are called penny stocks -- and it's gambling, not investing, unless you have inside information that shows that company is severely undervalued. Banks got in the hot water they did in 2007 by loaning money for speculative "investment" by people who couldn't afford to pay them back.
I don't know that this would be investment rule #1 but it's close: Don't take a loan to take a gamble. Only take loans to provide cashflow to do things you KNOW will pay back, e.g., purchase more inventory that you have high confidence in reselling at a profit.
As far as stock purchases on margin go, most brokers are willing accomodate this but you can only buy on margin to a limit that is set by the assets in your account -- they have to be able to liquidate your assets to meet a margin call so won't lend you more than they believe they could get back from selling your portfolio. Example: I have $10,000 in my account in a combination of assets and I think stock X is going to climb dramatically very soon (maybe they have a profitable patent or product coming out, maybe they took an unreasonable hit because some stupid actress testified erroneously in front of Congress, etc.).
Your broker will charge a rate for the amount you want to borrow. You pay interest as long as the loan is open but they may do a margin call under certain circumstances (in which case you have about 2 days to pay off the loan), e.g., if the stock you purchased tanks. If you don't pay the margin call, they have the authority to liquidate your account to get the funds (as well as pursue you for additional liability if your account doesn't cover the margin).
Buying on margin is generally for suckers. When you say you're sure the military will buy a lot of artificial blood ... you DO realize they're getting hammered right now? Not only are acquisitions being slowed or cancelled, training is slowed, tours are being lengthened (to reduce the move expenses), heck, our building has eliminated paper towels in the bathroom!
I can't find the company you're referring to. Spectra Inc (SPKTF) is a grey market stock out of Canada running 3/10 of 1 cent as of Jan 18, SpectraScience Inc (SCIE) is healthcare equipment company with stock running 4.65 cents as of 1:30 MDT. Be very careful of tips like this -- you might as well go to Blackhawk or Cripple Creek with the money you're "investing" -- at least you'll get a free beer out of it.
+1
<MADDOG>
08-13-2013, 18:27
Don't buy gold. Man I got seriously f@*ked in the last 8 months on a rather large gold purchase. I'm kinda hoping the market tanks so it will swing back even so I can cash out.
I think the time to buy is now, but I don't buy for short term anyway.
pickenup
08-13-2013, 21:15
Stay away from margin buying.
buffalobo
08-13-2013, 21:31
Don't borrow what you can't afford to lose.
There is a reason so many people have warned to stay away from margin buying.
Gambling on margin has killed more people than the plague.
Sent from my electronic ball and chain.
Aloha_Shooter
08-14-2013, 09:19
BTW nynco, I'm glad you're asking questions and hope you note I'm not slamming you. However, I would like to add something which is more of an aside. The whole situation you're posing is something that burns me up. People get greedy so they dump money they don't have into something they really know nothing about (except what the salesmen tell them). All of a sudden, Reality smacks them in the face with a #10 cast iron dutch oven and they get mad at anyone but themselves so they make a lot of noise saying "there ought to be a law to protect me". Crap like this is how we end up with Sarbanes-Oxley, the CFPB, and a whole bunch of other legal and extra-legal bureaucratic bovine excrement that does nothing but add costs and complexity and hurt the small consumers or investors.
Want to make money or at least improve your financial situation? Follow Dave Ramsey's "no debt" plan and you'll find your financial worries will melt away like a May snow flurry -- it's part of the financial tradition in this country or was before the New Deal and Great Society got people thinking they could get free checks. Hell, it's how I was raised (long before Dave Ramsey got cool). Putting 10% of your gross away before you even see it will do more for you in the long run than all the "hot" stock tips in the world.
Simply put, american liberalism portrays profiteering to be evil.
As do American online gun forums. Just look back at all the whining about $40 pmags. Capitalism is only popular in the abstract.
As do American online gun forums. Just look back at all the whining about $40 pmags. Capitalism is only popular in the abstract.
Truth.
kawiracer14
08-14-2013, 10:28
I would suggest watching Boiler Room!
Inconel710
08-14-2013, 10:58
+1 to what AlohaShooter said. You're gambling, not investing. Don't put any money into this that you can't afford to lose.
The key to successful, long term, investing is diversification. I love Dave Ramsey for getting out of debt, but his investing advice leaves much to be desired. I learned alot about investing and diversification by reading Ric Edelman's The Lies About Money and listening to his radio show. It's a two hour show on Saturdays and it's also available as a podcast. The hard part about his method is that it is based on strict asset allocation. When one fund or sector gets too big (because it's going up in value) compared to the target percentage, you have to sell it and buy something in a sector that's low (it's losing value). It's counter-intuitive, but it forces you to "buy low and sell high" which is the only way to make money in the market.
ChunkyMonkey
08-14-2013, 11:10
IMHO Dave Ramsey has some good advice for those who are heavily in bad debt. But as far as creating wealth, there are many other better sources.
I also dislike his method of paying the smaller debt first. Rule of thumb is highest interest on bad debt first i.e. on depreciating asset like car etc.
RblDiver
08-14-2013, 11:24
As do American online gun forums. Just look back at all the whining about $40 pmags. Capitalism is only popular in the abstract.
On the contrary, this is an example of good capitalism. It's all about supply and demand; at $40, our demand will be lowered. By complaining and not purchasing, we increase the supply while decreasing the demand, which will lead to a lowering of price.
The difference between this and liberalism: We don't demand that the government force those mags to be sold at a lower price. We may think the shopkeep is greedy, but recognize their right to be so.
+1 to what AlohaShooter said. You're gambling, not investing. Don't put any money into this that you can't afford to lose.
The key to successful, long term, investing is diversification. I love Dave Ramsey for getting out of debt, but his investing advice leaves much to be desired. I learned alot about investing and diversification by reading Ric Edelman's The Lies About Money and listening to his radio show. It's a two hour show on Saturdays and it's also available as a podcast. The hard part about his method is that it is based on strict asset allocation. When one fund or sector gets too big (because it's going up in value) compared to the target percentage, you have to sell it and buy something in a sector that's low (it's losing value). It's counter-intuitive, but it forces you to "buy low and sell high" which is the only way to make money in the market.
That's just plain old re-balancing. If you're not doing it with all of your investments, at least once per year, you're making a mistake.
IMHO Dave Ramsey has some good advice for those who are heavily in bad debt. But as far as creating wealth, there are many other better sources.
I also dislike his method of paying the smaller debt first. Rule of thumb is highest interest on bad debt first i.e. on depreciating asset like car etc.
I paid off a lot of debt with a low paying job, in a relatively short amount of time. I developed my own method of doing so, and after having great success, found out that it was pretty much exactly Dave Ramsey's method. I knew the old addage about paying the highest interest off first, but recognized that by paying off something smaller first, it would boost my confidence to continue, make my list of debtors one shorter, and finally that I could roll that amount into my next biggest debt to tackle.
If you hear Dave Ramsey respond to the question of why smallest first, instead of highest interest first, he says that they've done the math both ways and the difference in the end is negligible. That is also what I found, as I spent a lot of time playing withs trying to find the best way to get out out of debt.
I also agree that Dave is good to follow for getting out of debt, but not the best for making money. Two different, and sometimes conflicting, mind sets.
Last time I checked, you cannot buy a pink sheet/penny stock on a margin account.
jhood001
08-18-2013, 01:02
I paid off a lot of debt with a low paying job, in a relatively short amount of time. I developed my own method of doing so, and after having great success, found out that it was pretty much exactly Dave Ramsey's method. I knew the old addage about paying the highest interest off first, but recognized that by paying off something smaller first, it would boost my confidence to continue, make my lost of debtors one shorter, and finally that I could roll that amount into my next biggest debt to tackle.
If you hear Dave Ramsey respond to the question of why smallest first, instead of highest interest first, he says that they'be done the math both ways and the difference in the end is negligible. That is also what I found, as I spent a lot of time playing withs trying to find the best way to get oit out of debt.
I also agree that Dave is good to follow for getting out of debt, but not the best for making money. Two different, and sometimes conflicting, mind sets.
Brilliant response and I agree.
I suggest giving your money to the government voluntarily. They steal enough of my money thanks to liberals that I sure won't be giving free advice to a well known liberal.
Change your ways and your way of thinking and things will get better for you.
Well this is an unrelated tip but came from the same source. This company is getting closer and close to producing artificial blood which I am sure the military will buy a ton of. Spectra Inc out of Ohio.
It's artificial blood to use for training/simulating wounds.. it doesn't work in humans.. basically it's replacing dyed KARO syrup.. If it was for use in humans I could see maybe looking into it, otherwise..
Just on general principle, it's a bad idea to use a margin account. It's like taking cash out on a credit card to play blackjack with. Sure, there's a slim chance you could do well. However, the odds always favor the house. Especially if you don't fully vet your investments. Stock tips be damned! This is the reason I don't invest in the stock market directly. This is also the reason I'll never be "rich" (whatever that means). I'm OK with that. I know I don't have the work ethic to start a company and grow it, too (I'm much too lazy).
In my opinion, if you're asking about buying on margin, you can't afford to buy the stock in the first place. Never gamble with money you can't afford to lose. I don't care if it's pai gow or the stock market. The downside is just too big.
YMMV.
I'd be glad to help you...but you can't buy this stock on Margin.
but I will send you this link, which would explain the process if you had a viable stock
http://www.investopedia.com/university/margin/margin1.asp
Damn! I accidentally made $240 today and I'm kind of mad about it. I had bitcoins set to sell two at $120, and I noticed that they were getting close to that level today. I forgot to log on and bump it up to something higher. By the time I got home I saw that the price peaked today at $123, it sold my two at $120. If the price drops drastically, I'll just buy more with what I sold. Otherwise I'm going to pay close attention and try to catch it before it sells my last two at $145 a pop if it looks like it's going to go above that.
Damn! I accidentally made $240 today and I'm kind of mad about it. I had bitcoins set to sell two at $120, and I noticed that they were getting close to that level today. I forgot to log on and bump it up to something higher. By the time I got home I saw that the price peaked today at $123, it sold my two at $120. If the price drops drastically, I'll just buy more with what I sold. Otherwise I'm going to pay close attention and try to catch it before it sells my last two at $145 a pop if it looks like it's going to go above that.
You are the bitcoin expert.
Talk with private capital finance, FA, Advisors, etc, and they have no detail idea what bitcoin is. They only knew what website posted about how bitcoin works.
Nothing special, I just check the price a few times a day. If you'll remember last time the price started to sky rocket and I started to worry and sell some just to at least get my original money back. Then the market spiked AND crashed before I could have made serious money. I just held onto what I had left this whole and have been watching it. I set the coins to sell at $120 a few months ago in the hopes that they would trend back up to where they are now. Anyone can do what I did (if they started last year). The bitcoin prices are so volatile that I'm considering trying to do some type of day trading with them. They sold for $120 earlier, but are sitting at $118 right now, so I could buy them right back for a bit cheaper. I haven't really looked into how much time it and how many trades it would take me for it to be worth my while though. This time last week they were trading at $109ish.
ffs...it is fake blood! http://www.toledoblade.com/local/2012/06/20/Spectra-tests-artificial-blood.html
One million to develop fake blood? Really? What would the Myth Busters charge for this?
Great-Kazoo
08-19-2013, 21:06
One million to develop fake blood? Really? What would the Myth Busters charge for this?
You could get the real thing from the homeless....................cheap.
You could get the real thing from the homeless....................cheap.
Or liberals....just sayin!
So there was some threads in the past about Real Estate investing. I was wondering if anyone here had any info for me on something. Sadly I am at a low point for money or I would be into this for all I have. Past year at 1.40 a share, dropped to 20 cents. I was told to buy in at 32 cents currently trading at 50 cents after being at 32 last month. So question - How do I go about getting a loan to invest into something like that? Yeah I'm poor, but I am smart and I have managed to survive without a real job for years now. I run my own business stuff now and its training me to think different than before. Also the same person who told me to buy in at 32 expects it to rise significantly over a few years.
So how does borrowing on margin work?
One thing I can tell you is Investing/Trading is 10x harder than buying a small company/shop and running it.
Biggest thing I've learned from investing is that I valuate a store/company/corporation/etc differently.
Small store/company can live off of fixed rev/profit increase by drawing income from it.
Wall street investors have light-year far more expectations from their companies.
Bitcoins going up again today for some reason, Syria? Anyway, they've gone up $10 just from this morning. Plan is to watch like a hawk, sell high, then buy em up when they fall again.
Bitcoins going up again today for some reason, Syria? Anyway, they've gone up $10 just from this morning. Plan is to watch like a hawk, sell high, then buy em up when they fall again.
I wouldnt trust coins these days. The federal government keeps seizing them from mtgox and causing price fluxations. The bitcoin train has sailed, I bought at $0.40 and sold at $20.
Gold is a good choice these days. Guns and ammo are an even better investment
I bought at $11 and sold at $120. How exactly is the government seizing bitcoins?
I bought at $11 and sold at $120. How exactly is the government seizing bitcoins?
http://www.theregister.co.uk/2013/08/21/us_government_nabbed_29m_in_may_bitcoin_seizure/
Well hell. I better work on getting my money out. F'ing government.
ChunkyMonkey
08-27-2013, 14:27
Stop calling the stock market an investment. It's pure gambling. ;)
Stop calling the stock market an investment. It's pure gambling. ;)
no way! :D
it is less risky than owning a small company , small shop, nor real estate or REIT.
Only flaw it has is , there is little to no income, because it pays crappy dividends on a dividend paying stock.
After learning how to valuate the company (private capital, securities), I would probably not own a small company. Of course, it can change depends I have some kinda greatest idea/items no one has.
I am still 70% up YTD, and only need to pay 15% cap gain taxes (if i hold till 12/3/13).
ChunkyMonkey
08-27-2013, 15:07
I remember when I used to be excited like you. In real estate, we use banks money. My 20% down on each of my portfolio comes back within 1 year. So that's 100% profit and from then on its like printing money. :) and that's only the dividend part. The value is another profit column although I don't look at them and i hate capital gain tax. In stock you mostly gamble on the value and minuscule dividend.
And unlike stock gain which is considered as earned income. We file depreciation and lesser tax.
I remember when I used to be excited like you. In real estate, we use banks money. My 20% down on each of my portfolio comes back within 1 year. So that's 100% profit and from then on its like printing money. :)
haha. good point.
Investors/trader can invest substantially less than 20% and make all the gain too. This is why I love buy/write call/put options.
I know people who flip houses, and do good on it. Yes, they do not invest entire 100% to gain % on it. However, I really wanted to buy more houses during 2009-2010. It would've been a good $$ for flipping those.
Securities people can make $ during bull and bear market by shorting, buying inverse index, or play with options.
I am sure real estate people can do that, but little harder during bear.
These are basic options trading @ Fast Money Options Action.
http://youtu.be/jkuZCk8OTI4
ChunkyMonkey
08-27-2013, 15:28
Flipping house is gambling too and many don't consider it as investment. I am talking about passive income on multi units.
I don't do option. My last margin call was in 1997. Pulled out shortly after and never looked back.
I hate working... And the whole point of investment is so I don't work. Watching the market, playing option, margin on 4 different monitors, waiting for Japanese market to open, or European etc 24/7 nonstop..those days are long gone.
ChunkyMonkey
08-27-2013, 15:32
We need to have Coar investor lunch.. It d be fun
We need to have Coar investor lunch.. It d be fun
count me in.
Well, everything has a risk (i try not to call it the word gamble). :)
Yeah one of my church member is doing exactly same thing you do. I think they own 16 unit complex, and >7 houses around 4 states. He is doing fairly decent. He has a property manager and etc etc.
I am not working [for someone] at this moment. It might change. If there is a real beat up company who offers heavy ESOP/ESPP, 401(k) or start ups w/ huge potential, I am willing to work for $100/yr.
You don't like looking at foreign or emerging market with 4 screen PC? I love doing that! [Flower]
Going back to investment side. I think I got greedy and did call/put ratio of 7/2 w/ heavy LONG on one of the stock. (still up about 70% on this specific stock)
Hope I don't PIG OUT. LOL
I will update how it goes around 4Q this year. Typically Aug/Sept is crappy month.
Flipping house is gambling too and many don't consider it as investment. I am talking about passive income on multi units.
I don't do option. My last margin call was in 1997. Pulled out shortly after and never looked back.
I hate working... And the whole point of investment is so I don't work. Watching the market, playing option, margin on 4 different monitors, waiting for Japanese market to open, or European etc 24/7 nonstop..those days are long gone.
We need to have Coar investor lunch.. It d be fun
I am in! :)
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