I spent $100,000 dollars

lauer87 · 03-20-2010, 08:21 PM

I have a friend that did invest $100k in ford at an average of $4/share. He rode it all the way down to under $2, and is still holding onto it today. Needless to say, hes rather happy with the play.

GreenPlease · 03-20-2010, 08:45 PM

Quote:

However, I don't think that "Peak Gold" is responsible for driving up the price...yet. It's not the supply, because there has been a commesurate drop in demand (approx 30% last year, World Gold Council). And investment demand isn't climbing, either, despite central bank buying, speculators and the establishment of new gold ETF's. Speculation is overbalanced to the long side and it's all paper-gold buying; a situation that has the potential to correct violently and quickly (short-term, hence DZZ). An asset can detach itself from its fundamentals for so long, I think. Pretty soon the psychos (speculators) want out of the insane asylum.

Spot on.

Quote:

Perhaps the speculators, being so close to the problems with the financial system at the "too big to fail" financial firms, understand what is coming (multiple sovereign debt defaults including the US, currencies dropping) and are piling on like no tomorrow. Who knows.

If a large financial firm fails, the most immediate effect is deflation. To benefit from that you want to be in cash. Gold won't do anything. If BAC fails tomorrow and helicopter ben announces that he's literally going to drop cash all over the U.S. the immediate effect will still be deflationary because of short term liquidity needs of various investors.

JayKay335i · 03-20-2010, 08:49 PM

I spent $100,000 last night.

Guess where I am now?

ON A BOAT, BITCH

SteveMD · 03-20-2010, 09:21 PM

I have a lot of stock strategies that would do well on failblog but I did plonk down about $30K on Apple stock when it was around $30 three or four years ago. I've bought more since all the way up to about 180 which was my last purchase.

It closed around $222 on Friday.

That's one of my few success stories but it will help me retire in my 50s.

DevJ · 03-20-2010, 09:38 PM

Quote:

Originally Posted by JayKay335i

I spent $100,000 last night.

Guess where I am now?

ON A BOAT, BITCH

JayKay335i · 03-20-2010, 10:38 PM

Quote:

Originally Posted by SteveMD

I have a lot of stock strategies that would do well on failblog but I did plonk down about $30K on Apple stock when it was around $30 three or four years ago. I've bought more since all the way up to about 180 which was my last purchase.

It closed around $222 on Friday.

That's one of my few success stories but it will help me retire in my 50s.

I give credit to anybody who invested in apple. I hate apple. I honestly thought they'd be a massive fail. They're working on it though. Its inevitable. I mean shit, they just made a double sized iphone without a phone.

FOXYCaymanS · 03-20-2010, 10:55 PM

Quote:

Originally Posted by BForbes

on Ford stock when it was at $1.26 in November 2008 and now its worth $1,050,000 today. Thats over a million less than two years later. The stock price increased 10.5x and then I woke up.

So I didnt invest that much but there has to be similar stories about there.

lol Barry shut up

FOXYCaymanS · 03-20-2010, 10:56 PM

VISA IPO was the best for me

persian54 · 03-21-2010, 05:16 AM

Quote:

Originally Posted by FOXYCaymanS

VISA IPO was the best for me

Lol I remember buying it in my accounting class

got caught by my professor not taking notes... But he ended up going to his computer and buying some lol

told me if he made money i'd get extra credit lol

Aapl has been amazing. When I dropped big recently... It was obvious it'd go back up... I mean, their technological advancements and ideas are Amazing

GreenPlease · 03-21-2010, 10:37 AM

Quote:

VISA IPO was the best for me

+1, I had a good run with visa. I ended up having it called away from me at an effective price of ~$100

Dackz · 03-21-2010, 01:06 PM

Quote:

Originally Posted by persian54

Mutual funds are good long term

But not something one can 'trade'

those that pay dividends can be worth keeping

It's not how much one invests though... It's how it's invested.

P. S. I'm loving the buffet quotes

Yea, I went conservative with some of the some of it and aggressive with others, my age (27) helps with that.

Thanks for the advice on the trading sites!

persian54 · 03-21-2010, 02:21 PM

Quote:

Originally Posted by Dackz

Thanks for the advice on the trading sites!

No prob :P

hit me up if you're doing scottrade, we can both get some free trades for a referral heh :P

Googie · 03-22-2010, 06:19 PM

Is BNI a good long term investment?

J-9 · 03-22-2010, 06:44 PM

Sure, Buffet has acquired it this year, so it'll be good for at least 5 more. Good earnings, prospects, and a dividend. Just invest and forget it for awhile.

Googie · 03-22-2010, 08:11 PM

So for a noob wanting to put 10k in it what would be the best way to go about it? Thanks

Dan in PA · 03-22-2010, 11:27 PM

Quote:

Originally Posted by persian54

No prob :P

hit me up if you're doing scottrade, we can both get some free trades for a referral heh :P

Scottrade ftw!

Anyway (and this isn't directed at you or anyone else) I love how some people say "Yeah, I bought my 335i/M3/house/wife by daytrading" and then you ask them what they're currently invested in and they're like "Oh, um, well..."

I have very little idea what I'm doing, but my success story was investing in SPNG at $.04 and selling at $.18 (those figures may be off - they're from memory).

Dan in PA · 03-22-2010, 11:31 PM

Quote:

Originally Posted by Googie

So for a noob wanting to put 10k in it what would be the best way to go about it? Thanks

Quote:

Originally Posted by CollinsE90

cocaine /question

Buy $10k worth of cocaine, cut it in half with baking soda, you now have $20k. Repeat.

Googie · 03-23-2010, 08:24 AM

Quote:

Originally Posted by Dan in PA

Buy $10k worth of cocaine, cut it in half with baking soda, you now have $20k. Repeat.

haha....well I was kinda talking about BNI but you might have answered my question anyway when you said Scottrade ftw. I will give it a try.....Scottrade that is.

Optherion · 03-23-2010, 10:30 AM

I wont say any amount of money cause I dont feel like being confrontational. I sold Just about everything I had back in January 2009, 2 houses and 3 cars. Bought a lot of Las Vegas Sands, Bank of Ireland and Dendreon.

Recently been selling off portions.

Now building a new house in New Port and that is why all my new cars are 2009 models. Ive been trying to get some employees to invest and they never bought any stocks when I said "hey buy some of this or that."

Dan in PA · 03-23-2010, 11:48 AM

Quote:

Originally Posted by Googie

haha....well I was kinda talking about BNI but you might have answered my question anyway when you said Scottrade ftw. I will give it a try.....Scottrade that is.

I've been satisfied with them. Their customer service has always been good to me - both branch office and call center.

Dan in PA · 03-23-2010, 11:50 AM

Quote:

Originally Posted by Optherion

I wont say any amount of money cause I dont feel like being confrontational. I sold Just about everything I had back in January 2009, 2 houses and 3 cars. Bought a lot of Las Vegas Sands, Bank of Ireland and Dendreon.

Recently been selling off portions.

Now building a new house in New Port and that is why all my new cars are 2009 models. Ive been trying to get some employees to invest and they never bought any stocks when I said "hey buy some of this or that."

Hmmm, I'd definitely listen to your pics.

03-20-2010, 08:21 PM	#45
lauer87 Lieutenant 8 Rep 586 Posts Drives: 335xi Join Date: Sep 2007 Location: USA iTrader: (0)	I have a friend that did invest $100k in ford at an average of $4/share. He rode it all the way down to under $2, and is still holding onto it today. Needless to say, hes rather happy with the play.
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03-20-2010, 08:49 PM	#47
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	I spent $100,000 last night. Guess where I am now? ON A BOAT, BITCH
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03-20-2010, 09:21 PM	#48
SteveMD Colonel 198 Rep 2,485 Posts Drives: 2016 F10 535i MSport Join Date: Dec 2005 Location: Raventown! iTrader: (3)	I have a lot of stock strategies that would do well on failblog but I did plonk down about $30K on Apple stock when it was around $30 three or four years ago. I've bought more since all the way up to about 180 which was my last purchase. It closed around $222 on Friday. That's one of my few success stories but it will help me retire in my 50s. __________________ 2006 E90 330i (retired) 2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport
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03-20-2010, 10:56 PM	#52
FOXYCaymanS _ 152 Rep 426 Posts Drives: Cayman S / Rover Join Date: Jan 2009 Location: Atlanta & Florida iTrader: (0)	VISA IPO was the best for me __________________
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03-22-2010, 06:19 PM	#57
Googie Irish 35 Rep 102 Posts Drives: 07 335i, 2016 X5, Jeep JKU Join Date: Jan 2008 Location: Ft. Lauderdale iTrader: (0)	Is BNI a good long term investment?
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03-22-2010, 06:44 PM	#58
J-9 Converting 93 octane to noise. 42 Rep 882 Posts Drives: 2018 F85 X5M Join Date: Feb 2010 Location: DC iTrader: (0)	Sure, Buffet has acquired it this year, so it'll be good for at least 5 more. Good earnings, prospects, and a dividend. Just invest and forget it for awhile. __________________
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03-22-2010, 08:11 PM	#59
Googie Irish 35 Rep 102 Posts Drives: 07 335i, 2016 X5, Jeep JKU Join Date: Jan 2008 Location: Ft. Lauderdale iTrader: (0)	So for a noob wanting to put 10k in it what would be the best way to go about it? Thanks
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03-23-2010, 10:30 AM	#63
Optherion Lieutenant 46 Rep 516 Posts Drives: Prancing Horse Join Date: Jun 2009 Location: SoCal & Vegas iTrader: (0)	I wont say any amount of money cause I dont feel like being confrontational. I sold Just about everything I had back in January 2009, 2 houses and 3 cars. Bought a lot of Las Vegas Sands, Bank of Ireland and Dendreon. Recently been selling off portions. Now building a new house in New Port and that is why all my new cars are 2009 models. Ive been trying to get some employees to invest and they never bought any stocks when I said "hey buy some of this or that." __________________ Current Stable: 6 Drivers + 5 Projects
	Appreciate 0 Quote