Well today is going to start me off nicely...markets are down 1% and falling.
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Well today is going to start me off nicely...markets are down 1% and falling.
Ok, I can't stop thinking about this challenge now. Do you want us to do this off of straight investment, or are we allowed to purchase, work on, then sell? If so, I think we should keep track of hours to show that there was time involved.
I always like making money, even if there is some hard work involved. Thank you for racking my brain thinking up of more ways to make money.
Just sell some of your collection...Quote:
Originally Posted by encorehunter
I was thinking about doing that to raise the first $1k, that way the Mrs.s doesn't know about it.Quote:
Originally Posted by spyder
lol, well if you have a P30, or Hk45, I'll help ya really quick...Quote:
Originally Posted by encorehunter
I don't have any on those junky handguns. I was thinking about selling that pristine Lorcin or the beautiful Raven I have.Quote:
Originally Posted by spyder
Tmleader: The scenario you describe would not qualify for the challenge, but no one should be passing up great opportunities, nor things that need to be done, like your lift, just to fit into the.challenge.
Encore: What you described is a perfect idea for the challenge and well within the rules. As you noted, the point of this challenge is to motivate, stimulate, and illustrate.
Jim: You are correct about posting profits. Everyone can handle that issue as they see fit, but I certainly don't want to see people getting caught up in unnecessary audits over this. My hope is that people will make enough money that even if they end up paying income taxes on the profits, they are still better off than before.
Note: It is important that everyone keep track of all the money, for the simple purpose of not only tracking what you make, but where it goes. What good does it do you to make money if you spend it all on getting extra fries every time you go out to eat? It doesn't matter how, or if you spend your profits, just keep track.
Should be a fun thing to do...will probably get the wife involved as well..I will post more when I come up with something.
What if...
What if I have spent the last 2 years writing software for a new company, and am about to launch with funny enough a $1000 seed to fund it in about 2 weeks. Will that qualify for the challenge.
Quote:
Originally Posted by Sawin
You're bearish? :)
Currently ,I am shopping for Jan 2014 put options to protect myself for possible huge correction around end of 3q.
When I saw technical, I was warning everyone when S&P500 goes upto 1650ish, we will see a correction.
However, too many retail investors are on the sideline watching the market with cash on their hand.
It is all short term/day traders, and institution at this time.
I enjoy listening to Bill Gross and Mohamed El-Erian.