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What's the best (and worst) investment you've ever made?
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That's a fair analysis, though I'd say by allowing you travel to and earn money at a job, a car can offer returns far above its costs. Of course, it's not that simple, but for most workers in the U.S., a car is required.
My house. The minute we signed the dotted line my wife and I made $3,000 ... well I would if we sold it. Point is, it appraised higher than (worth more) than what we paid for it.
I saw where the market was going, down! WAY DOWN! I took advantage and shorted leh.
My buy in on fre was 5.10 and fnm was 7.04
BADDD Idea.I bought shares in high prices, and now they are in their lowest price
thanks God i only used my investment money
Yeah I guess that was something good rather then you income. Depending on how old you are, this could have been worse. I am young. Nobody on here knows how old I really am.
My myspace says Im 65... am I 65 also?
I think you should learn about shorting if you don't already know about it. It is powerful stuff if you can follow a hedge fund or two closely. Thats the hard part though. I do not know where to go to see what hedge funds are trading. lol.
Stunna, I said lol... DO you all now think Im 12???
After having gotten burned by Cisco & Agilent early 2000's and being recommended to invest in the funds with the questionable ROI, I sacked my so-called investment advisor (she was with MacDonald Investment, which was bought by Key Banks, whose NY Metro branches were bought by Washington Mutual) when she pushed me some mutual fund which guarantees my original principal at the 10th year (something to do with Nasdaq 100---I would rather put my money in Treasury for the almost guaranteed return for over the ten years time frame). When it comes to the mutual funds, I go for the conservative return on investment. I have been back to the back-to-the-basic-Warren-Buffet investment plan.
BEST: Used every open credit line, cash reserves and a few loans and bought Google at $97/share.
WORST: Sold 1/2 of my Google shares at $200/share.
WORST: Nintendo Wii. They had a bunch at NintendoWorld so I figured I'd get one. The thing is a glorious $200 bookend right now.
WORST: Sold 1/2 of my Google shares at $200/share.
WORST: Nintendo Wii. They had a bunch at NintendoWorld so I figured I'd get one. The thing is a glorious $200 bookend right now.
That stings! I remember when they IPOd and all the pundits said "Don't buy at the opening price: It'll drop horribly and you'll lose your investment." Yeah right. It opened at $100 per, and has only gone up since... the last I checked (a while ago) it was like $300 or something.
My brother held onto his and rode them into the low $600s and then cashed out. He was upset with himself when they touched $700 and then I promptly told him to piss off.
Well... It's is now 433.07 as of close today(9-15-08)
I have ridden that train back and forth... long and short
best: probably my mbp, it keeps me productive and entertained
Worst: everytime i've wasted money on fast food...i could've saved SOOO much money by getting frozen meals from the store!
Worst: everytime i've wasted money on fast food...i could've saved SOOO much money by getting frozen meals from the store!
I saw where the market was going, down! WAY DOWN! I took advantage and shorted leh.
My buy in on fre was 5.10 and fnm was 7.04
So you bought 25,000 shares of FNM at $7.04 ($176,000) and 29,000 shares of FRE at $5.10 ($147,900) and lost $243,000 by the time you sold it off?
And you rode them into the weekend? Are you seriously telling us you're throwing hundreds of thousands of dollars at troubled headline stocks without any kind of hedge in place? The news leaked before lunch that Friday!
Anyone investing six figure sums in the stock market is not going to be crazy enough to sit on a narrow, exposed position on a market that's generating blockbuster buyouts and bailouts. Anyone following the financials over the past few weeks was fully aware that some shenanigans were going on with the prices of the GSEs. It stank of insider trading. And then you go and short LEH using the same strategy that cost you a quarter mil the week before? You must love risk! How did you know LEH wouldn't be bought out by GS over the weekend for $10 a share and burn you?
I don't know how old you are (you've said 17 before), but I'm pretty sure you're doing nothing more than paper trades here.
http://upc.*************/uploads/macros/hedgefund.jpg
My best and worst investment was my old powerbook. It was such a POS but as a result some life changing stuff happened later on. (many of you know that story and those of you that don't: tough. this isn't the thread for that discussion.)
My best and worst investment was my old powerbook. It was such a POS but as a result some life changing stuff happened later on. (many of you know that story and those of you that don't: tough. this isn't the thread for that discussion.
)