Stocks Investing MONEY : Education?!! Pinkys : OTC

birdmanx1 · 10-28-2013, 07:36 PM

agreed, better long term bonds at this point. TIPS in portfolio?

Chuck33079 · 10-28-2013, 07:43 PM

Quote:

Originally Posted by birdmanx1

agreed, better long term bonds at this point. TIPS in portfolio?

Huh? I dont want anything long term at the moment. I want to be as short as possible. Did I read your comment wrong?

I made some money on TIPS, but I got out of fixed income completely and went 100% equities.

birdmanx1 · 10-28-2013, 08:15 PM

Right!! you read right I typed long when I was thinking short.

Chuck33079 · 10-28-2013, 08:17 PM

Quote:

Originally Posted by birdmanx1

Right!! you read right I typed long when I was thinking short.

That's what I figured. Long term fixed income right now sounds like a great way to lose money.

andre12031948 · 10-28-2013, 09:25 PM

Quote:

Originally Posted by Chuck33079

That's what I figured. Long term fixed income right now sounds like a great way to lose money.

In a week I'll know if it's a car I'm getting or a crypt

Chuck33079 · 10-28-2013, 09:28 PM

Quote:

Originally Posted by andre12031948

In a week I'll know if it's a car I'm getting or a crypt

If you're in any way serious about ending your life if your investment doesn't pan out (after you refuse to take some profits out and protect yourself) you need to talk to someone. If you ever have thoughts like that, you're investing so far outside your capacity for risk that it's incredibly unhealthy.

andre12031948 · 10-28-2013, 09:37 PM

Quote:

Originally Posted by Chuck33079

If you're in any way serious about ending your life if your investment doesn't pan out (after you refuse to take some profits out and protect yourself) you need to talk to someone. If you ever have thoughts like that, you're investing so far outside your capacity for risk that it's incredibly unhealthy.

Thanks but I'll just will have a great lose of money. Only when I'm no longer able to drag race and Viagra no longer works will I seriously consider that.

Chuck33079 · 10-28-2013, 09:50 PM

Quote:

Originally Posted by andre12031948

Thanks but I'll just will have a great lose of money. Only when I'm no longer able to drag race and Viagra no longer works will I seriously consider that.

If you lose money it's because you volunteered to. You have the opportunity to take your original investment out and leave the gains you've already made in to see if they go further. If you do this right, you have none of your own money at risk. Being greedy has a good chance of getting you killed (financially). Have you never heard the old saying "pigs get fat, hogs get slaughtered"?

I'm done trying to convince you of this. If you lose any money in this deal, it is because you are being greedy and making it an all-or-nothing bet when it doesn't have to be. If a client of mine was set on doing something like this after being advised repeatedly not to sabotage themselves, I'd most likely part ways with the client. To that end, I'll stop trying to talk some sense into you. Hopefully your bet pans out, but you're playing with fire. If I were your broker, I would want you to sell out your initial investment and buy a pile of stocks that pay dividends. If your bet pans out with the remainder left in, then you sell and buy more growth. Don't take this the wrong way, but you're too old to be speculating. You don't have the years left to replace the lost funds.

andre12031948 · 10-28-2013, 10:28 PM

Quote:

Originally Posted by Chuck33079

If you lose money it's because you volunteered to. You have the opportunity to take your original investment out and leave the gains you've already made in to see if they go further. If you do this right, you have none of your own money at risk. Being greedy has a good chance of getting you killed (financially). Have you never heard the old saying "pigs get fat, hogs get slaughtered"?

I'm done trying to convince you of this. If you lose any money in this deal, it is because you are being greedy and making it an all-or-nothing bet when it doesn't have to be. If a client of mine was set on doing something like this after being advised repeatedly not to sabotage themselves, I'd most likely part ways with the client. To that end, I'll stop trying to talk some sense into you. Hopefully your bet pans out, but you're playing with fire. If I were your broker, I would want you to sell out your initial investment and buy a pile of stocks that pay dividends. If your bet pans out with the remainder left in, then you sell and buy more growth. Don't take this the wrong way, but you're too old to be speculating. You don't have the years left to replace the lost funds.

You are 1,000% right. Thanks for the sensible advice. Some guys from a car shop described me as a cross between Steve Buscemi & Chritopher Walken. Most of the time I know the right thing to do or to say, but I don't. All my life I lived on the edge & several times came near seeing hell. The latest was on 4/5/13. I was taken to a hospital with serious head trauma. I woke up a week later with brain bleeding, nerve damage & the right side of my body was paralyzed. Couldn't hold a pen or move my right leg/toe. I'm o.k now. Just luck is why I'm still here. Don't believe in god or anything. If there was a hell, that would be my choice. Just cause it would be fun. Where I live there are gang/drug dealer neighborhoods close by. I sometimes take a walk at midnight into them just to raise my pulse.

I can't help it!!! Thanks again & have a good night.

Chuck33079 · 10-28-2013, 10:55 PM

Quote:

Originally Posted by andre12031948

You are 1,000% right. Thanks for the sensible advice. Some guys from a car shop described me as a cross between Steve Buscemi & Chritopher Walken. Most of the time I know the right thing to do or to say, but I don't. All my life I lived on the edge & several times came near seeing hell. The latest was on 4/5/13. I was taken to a hospital with serious head trauma. I woke up a week later with brain bleeding, nerve damage & the right side of my body was paralyzed. Couldn't hold a pen or move my right leg/toe. I'm o.k now. Just luck is why I'm still here. Don't believe in god or anything. If there was a hell, that would be my choice. Just cause it would be fun. Where I live there are gang/drug dealer neighborhoods close by. I sometimes take a walk at midnight into them just to raise my pulse.

I can't help it!!! Thanks again & have a good night.

One last point- if you win big on this one, go find a financial planner and invest half of your winnings conservatively according to his advice. Since you're a gambler by nature, hire somebody to protect you from yourself. You're keeping half to invest as you see fit, so you'll still get to have fun. You're just making sure you don't die broke.

tibal · 10-29-2013, 09:29 AM

Great advise and wisdom as always Chuck. ^

-Andre, be careful brother!! Wild MAN!

Meulen · 10-29-2013, 09:32 AM

Quote:

Originally Posted by Chuck33079

One last point- if you win big on this one, go find a financial planner and invest half of your winnings conservatively according to his advice. Since you're a gambler by nature, hire somebody to protect you from yourself. You're keeping half to invest as you see fit, so you'll still get to have fun. You're just making sure you don't die broke.

Quote:

Originally Posted by tibal

Great advise and wisdom as always Chuck. ^

-Andre, be careful brother!! Wild MAN!

That said....Most successfull people will tell you they risked everything several times to get to where they are. lol

Some even failed and lost everything multiple times.!

Chuck33079 · 10-29-2013, 09:35 AM

Quote:

Originally Posted by Meulen

That said....Most successfull people will tell you they risked everything several times to get to where they are. lol

Some even failed and lost everything multiple times.!

Absolutely true.

Now go ask them if they would do it the same way if they had it to do over again.

Meulen · 10-29-2013, 10:00 AM

Quote:

Originally Posted by Chuck33079

Absolutely true.

Now go ask them if they would do it the same way if they had it to do over again.

I was just stirring up trouble.

lol. It's obviously not for everyone.

Chuck33079 · 10-29-2013, 10:02 AM

Quote:

Originally Posted by Meulen

I was just stirring up trouble.

lol. It's obviously not for everyone.

I'm just messing with you. You're right, the amount of successful people who have gone broke and made it back is very long.

10-28-2013, 07:36 PM	#226 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 95 Posts: 3,175 Drives: 370z Nismo Rep Power: 24	agreed, better long term bonds at this point. TIPS in portfolio? __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

10-28-2013, 08:15 PM	#228 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 95 Posts: 3,175 Drives: 370z Nismo Rep Power: 24	Right!! you read right I typed long when I was thinking short. __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

10-29-2013, 09:29 AM	#236 (permalink)
tibal Track Member Join Date: Dec 2008 Location: Safest Town In America Posts: 987 Drives: TT-370Z and 2.5RS Rep Power: 18	Great advise and wisdom as always Chuck. ^ -Andre, be careful brother!! Wild MAN! __________________ 2010 - PG - M6 - 370zTT 453/409 6lbs IG @TRbal10 TEAM FLY1 MOTORSPORTS

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