Xterminator June 6, 2008 Share Xterminator Member June 6, 2008 Hey Zester...if you leave your comp on and you're always logged into GC you're g/f might stumble upon this thread!!! quick delete all information about you know what! Quote Link to comment Share on other sites More sharing options...
ZesteR June 6, 2008 Share ZesteR Member June 6, 2008 (edited) Edited: Good Idea! I'm lazy and save my logon, and GC is my homepage, lawl. What about an IRA? I didnt look into it much, but a standard one or a roth one. Have to talk to my bank. Edited June 6, 2008 by ZesteR Quote Link to comment Share on other sites More sharing options...
farmerisme June 11, 2008 Share farmerisme Member June 11, 2008 Still thinking about shorting oil futures? Quote Link to comment Share on other sites More sharing options...
DNA June 11, 2008 Share DNA Member June 11, 2008 I love the Article in Time on the Guy who bought oil options in the late 80's with everyone laughing at him and sold out last week with a $2.5B profit...Who is laughing now Quote Link to comment Share on other sites More sharing options...
NOFX June 12, 2008 Share NOFX Member June 12, 2008 (edited) Still thinking about shorting oil futures? yea, very bad timing with that one... The chart was saying a downtrend is beginning and BAM out of nowhere a huge jump.. I'm still short on it. Edited June 12, 2008 by NOFX Quote Link to comment Share on other sites More sharing options...
boiler June 12, 2008 Share boiler Member June 12, 2008 I love the Article in Time on the Guy who bought oil options in the late 80's with everyone laughing at him and sold out last week with a $2.5B profit...Who is laughing now Kinda makes me wish I had put my weekly allowance into oil options back then. I guess 7 year olds need to be smarter with their money Quote Link to comment Share on other sites More sharing options...
ilovetomatoes June 12, 2008 Share ilovetomatoes Member June 12, 2008 Hmmm, that seems a bit odd for me. Exchange traded options have a much shorter expiration then that. Do you have a link to the article, I can't find it on time.com... Quote Link to comment Share on other sites More sharing options...
DNA June 12, 2008 Share DNA Member June 12, 2008 Hmmm, that seems a bit odd for me. Exchange traded options have a much shorter expiration then that. Do you have a link to the article, I can't find it on time.com... Here is the link for the story on Richard Rainwater. Quote Link to comment Share on other sites More sharing options...
ilovetomatoes June 12, 2008 Share ilovetomatoes Member June 12, 2008 Nice. It looks like he made most of it from oil company stocks. 2.5B is quite a pretty penny to make that way though. I wish I had 300 million to invest Quote Link to comment Share on other sites More sharing options...
bear^ June 13, 2008 Share bear^ Member June 13, 2008 Save lots to retire guys, we're gonna need it. With no social security, a huge national debt, enormous health care costs... Ron Paul has talked about this for a while. The financial pains we're about to go through. The Federal Reserve created this problem. People say the Fed is great because they bailed out Bear Sterns, which kept them from going under, which would have lead to a crash of the entire financial system. BUT, they created this problem in the first place! They built the housing bubble, diluted the value of the dollar(which is a major reason why Oil has been rising in price), and are continuing to try to patch a broken system. Has Lehman Brothers hit rock bottom yet? Lehman Brothers is twice as big as Bear Sterns and was able to weather the credit-storm longer, because they have more cash. Can the Fed bail out Lehman Brothers too? What about in a few more months, when the only 3 banks bigger than these two could be in trouble. These financial pains run deep. Scary stuff. Quote Link to comment Share on other sites More sharing options...
NOFX September 10, 2008 Share NOFX Member September 10, 2008 Still thinking about shorting oil futures? yea, very bad timing with that one... The chart was saying a downtrend is beginning and BAM out of nowhere a huge jump.. I'm still short on it. was I right or what? I would have capitalized on this HUGE, but I I was just a tad bit early on my buy time.. Right now I'm sitting at a -17% loss in my 401k. My best performer... -14%. My worst performer is a -26%.. As Im looking at my mutual fund tickers.. they are all sitting about -3.5% on today. Quote Link to comment Share on other sites More sharing options...
farmerisme September 10, 2008 Share farmerisme Member September 10, 2008 Still thinking about shorting oil futures? yea, very bad timing with that one... The chart was saying a downtrend is beginning and BAM out of nowhere a huge jump.. I'm still short on it. was I right or what? I would have capitalized on this HUGE, but I I was just a tad bit early on my buy time.. Right now I'm sitting at a -17% loss in my 401k. My best performer... -14%. My worst performer is a -26%.. As Im looking at my mutual fund tickers.. they are all sitting about -3.5% on today. True oil came back to earth in a hurry, just hope it stays down before the next rush, or did you pay the short yet? Quote Link to comment Share on other sites More sharing options...
Tek-Almighty September 12, 2008 Share Tek-Almighty Member September 12, 2008 Well at least the governor of Illinois hasn't stolen 32% of your pension (which you paid for out of each check). I hear Rod throws a hell of a party with my money though. yay!. Teachers are important! Quote Link to comment Share on other sites More sharing options...
farmerisme September 29, 2008 Share farmerisme Member September 29, 2008 Ummm... ouch? At least oil is still going down. Bailout was stupid... but dang. Quote Link to comment Share on other sites More sharing options...
YoMamma September 29, 2008 Share YoMamma Member September 29, 2008 I'm currently -17% overall since I joined the stock market. My stocks went -7.5% today alone. My biggest loser is currently @ -39.05% My biggest winner is currently @ + 17.83% Quote Link to comment Share on other sites More sharing options...
All Kill3r September 30, 2008 Share All Kill3r Member September 30, 2008 (edited) I've always been afraid to gamble with stocks but i am interested in hearing from more of you that have on how this recent turmoil is affecting you. Edited September 30, 2008 by All Kill3r Quote Link to comment Share on other sites More sharing options...
farmerisme September 30, 2008 Share farmerisme Member September 30, 2008 Well I put my life savings into Len's Super Mortgage Emporium a year ago... have not checked the ticker tape in awhile though. I'm sure it'll be ok. Quote Link to comment Share on other sites More sharing options...
Unclean September 30, 2008 Share Unclean Member September 30, 2008 My 401k has a -11% rate of return for the past year. Since I started it over 3 years ago, I calculated that my overall rate of return is about -5.65%. So that means I've been paying over 5% to have someone else hold my money. Since it doesn't look like the market is going to get worse before it gets better, I switched to value/stable funds about a month ago. It's the only way to have a positive rate of return these days. Quote Link to comment Share on other sites More sharing options...
shoot September 30, 2008 Author Share shoot Member September 30, 2008 Need I say more? Quote Link to comment Share on other sites More sharing options...
farmerisme September 30, 2008 Share farmerisme Member September 30, 2008 My 401k has a -11% rate of return for the past year. Since I started it over 3 years ago, I calculated that my overall rate of return is about -5.65%. So that means I've been paying over 5% to have someone else hold my money. Since it doesn't look like the market is going to get worse before it gets better, I switched to value/stable funds about a month ago. It's the only way to have a positive rate of return these days. Yeah I did the same in february. Not going back into the market till things settle down. Quote Link to comment Share on other sites More sharing options...
NOFX October 1, 2008 Share NOFX Member October 1, 2008 Lost a ton of my personal cash in the market. Probably about -50%. I have my 401k spread out nicely. I was down a total of 30% the other day when it fell. What the hell, I'm not going to move it into the stable account now. That would be a classic buy high sell low move. I should have moved it over when I was about -10% down a few months ago. I'm just gonna ride this baby out. If I can get anywhere near a -10% loss, I might consider moving to stable account, but I don't plan on pulling my money out of it for another 25 years or so, so whatever.. If I knew back when I started trading, what I know now... I would be buying all sorts of stocks now for the long run. But of course now, I don't have much money to be doing this. I thin yYou could make a killing right now.. that is if you didn't already lose a bunch... Quote Link to comment Share on other sites More sharing options...
Unclean October 1, 2008 Share Unclean Member October 1, 2008 What I'm doing (and I think farmer has the same idea) is holding the current wealth in value funds. As soon as the prices start going up for more than a few days, we're going to buy back into those funds and hold them for the long haul. So this is kinda like a "buy high, sell medium, buy low" approach. Quote Link to comment Share on other sites More sharing options...
stutters October 1, 2008 Share stutters GC Alumni October 1, 2008 If I can get anywhere near a -10% loss, I might consider moving to stable account, but I don't plan on pulling my money out of it for another 25 years or so, so whatever..if that's true (25 years), don't move it, but if you can afford to, buy into value funds. Quote Link to comment Share on other sites More sharing options...
Playaa October 1, 2008 Share Playaa Member October 1, 2008 Someone explain "value funds" please. My new coworker happened to be transferring all his company stock from his previous job when the market went crappy last week. He had it all in the bank at that time by pure chance. When he put it back into the market he made over $12k on that first day. Unfair. Quote Link to comment Share on other sites More sharing options...
All Kill3r October 1, 2008 Share All Kill3r Member October 1, 2008 Investing in companies that deal with foreclosing companies might be a winner Quote Link to comment Share on other sites More sharing options...
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