so much for the "January Effect"

[Devastation]

kunta = k power of 21, interesting

.

 

[bran987]

Short selling is too much of a risk (for me) if you can't spend enough time watching the markets

that's very smart anthrax
if you want a safer way to profit from market downturns without the "infinite" risk of short selling, you could buy "puts" on the underlying securities instead, thus limiting your downside to your initial investment as is the case with long positions.

 

[bran987]

kunta = k power of 21, interesting

.

 

[anthrax]

that's very smart anthrax
if you want a safer way to profit from market downturns without the "infinite" risk of short selling, you could buy "puts" on the underlying securities instead, thus limiting your downside to your initial investment as is the case with long positions.

For what I've noticed :

Either you follow the advice from web sites, magazines, etc and most of the time you're just too late
or you try to find the good deals by yourself and it takes A LOT of time and dedication

I miss so much the end of the 90ies where you have to pick any IT stocks to make +10% every day

 

[bran987]

For what I've noticed :

Either you follow the advice from web sites, magazines, etc and most of the time you're just too late
or you try to find the good deals by yourself and it takes A LOT of time and dedication

I miss so much the end of the 90ies where you have to pick any IT stocks to make +10% every day

well, for the most part you are right. I'm of the opinion that people who are trying to create their fortune through stocks are in for a rough surprise. There is simply no way to go from $10,000 to $1,000,000 in stocks without waiting your whole life. The same goes for buying houses or buildings and renting them out.

All these things are wealth preservation tools, they will earn you a normal rate of return on your money, somewhere between 6-12% over the long term. To actually become wealthy before you are over the hill or justp lain old, you have to be able to create the money some other way, either by having an extremely high paying job (hmm... did I just see someone walking on the sky, matt?) or by creating/owning a business and building it to an enterprise worth millions.

 

[anthrax]

The early employess of Microsoft, ebay, cisco, Amazon and others who received a couple of stock options don't need to go to Costco to save a few $ either

 

[bran987]

The early employess of Microsoft, ebay, cisco, Amazon and others who received a couple of stock options don't need to go to Costco to save a few $ either

but the employees who worked for low pay and lots of stock options at the thousands of dot com companies that went bust do have to shop Costco
There are exceptions to every rule right?

 

[bran987]

The early employess of Microsoft, ebay, cisco, Amazon and others who received a couple of stock options don't need to go to Costco to save a few $ either

I would also just like to say I hate lucky people who happened to work at companies like these.

and people who win the lottery I Hate them too.

 

[anthrax]

I would also just like to say I hate lucky people who happened to work at companies like these.

That's not always luck

You may leave a confortable job to join a startup with the hope of IPO and big bucks

 

[gonelifting]

I made about $1900 by 10:30 this morning. Then I lost about $1400 of it by the end of the day. lol.... ehh... at least it's not a down day.