Sorry but i have to do this
http://amitai.net/d/thread-resurrection.gif
Anyway right now I’m considering going the route of investing in wind power but im very nervous about this. I know Obama on this wind energy thing and a couple companies are available for around 1 cent. A huge gamble but I’ma sit down and think about this very hard this weekend
Go with the companies that have experience and a history of profitability. GE is the best name I know of in that industry and there are some absolutely brilliant things going on with the rest of their business right now as well. Moreover, the price is good right now and so is the dividend yield (Which is increasing to boot!).
If you are thinking of some other companies doing this, just narrow your search to one that’s been around at least 10 years and has shown that they have a business model that works.
I’m excited to see a new post. I’ve been up to things. Got this new income portfolio I put together with more than 70 companies in it and I’m hoping to get a chance to say some things about it. Otherwise, I’m loving the pullback and the chance to get great companies cheaper.
I do have this one piece of commentary, to those out there who consider themselves “conservatives”. Look, be realistic for a moment, we are going to continue using debt as a country, you know we are. We’re not going to just walk away from it. The leverage it gives us is an American strength. So if we’re going to raise the debt ceiling, let’s do it a lot, because money is cheaper right now than it has been at any other time in history. Isn’t it conservative to borrow at the lowest rates you can?
I can’t tell you if Wind Power will make you money, but I can tell you Wind Power is great. You want to talk about green, Wind is the cleanest it gets.
I just wish I had enough for a down payment on a house right now, the interest rates are great and some houses are adjusting price down because they were on the market too long, despite being in California >_<.
ps “Windustry” is a ‘clever’ name.
One of the best things you can do is start a business in your spare time. If you don’t think you have time to you are lying to yourself. Cut your TV time in half and cut your sleep down to 4-6 hrs a night. Pick a business that you can do out of your home that doesn’t involve inventory…DJ, Photography, become a minister online,crafts,nude house cleaning, handyman, ect. Use this money to buy your investments because this money cost you less. You can use your business earnings before you pay taxes on it to buy your investments. Depending where you live you could be paying almost 50% of your income in Federal, State, and local taxes. When you use your earned(high taxed) income to buy a $100.00 investment you have to earn almost $200.00 to pay for it. Using your business income that same $100.00 investment only cost the $100.00.
If you have a job already start a business that can help and feed off of your current employers business. In my case I was a waiter in a restaurant owned by a catering company, so we started a DJ and Photography company and started to sell ourselves to the guest that came in and paid a commission to the sales staff to sell us. Down the line the company bought a wedding chapel and reception hall and moved us to the other building to manage it. That one move has jacked up our sales by 800% and has increased our experience level so we are charging 300% more for our services.
Who ever tells you that you need money to make money is an idiot…use your customers money to start your business and use cheap people to help get you started. Message me if you need advice on how to get started.
The debt limit doesn’t need to be any higher, we could simply stop spending money on stupid crap like $146 million for federal workers upgrading to business class flights, $3 Billion adding new sand to beaches, $1/2 Million to paint **A Chinook salmon on the side of a 747, $2.6 Million to teach Chinese whores to drink more responsible on the job. 10 years of failed Bush/Obama big government debt spending is leading to a repeat of the 1970’s when energy went up and inflation went up and unemployment went up. Right now we have two out of the three and I have no doubt that inflation has already begun. We need to return to the more conservative spending of Kennedy, Reagan, and the last 6 years of Clinton. We bring in plenty of money to pay what we need to pay. The rampant printing of money is the #1 reason that gas is as high as it is right now. **
**>The rampant printing of money is the #1 reason that gas is as high as it is right now. **
And the 20% pullback in oil from it’s high this year is due to what then? Certainly we have not un-printed the money.
Every politician that can get access to borrowed money uses it. It’s an easy way to get votes. We are not going to stop doing it, we are not going to end entitlements, and we are not going to get a smaller government. That said, we have older debts that cost us over 15% annually, why not replace them with the new shiny 3% debt that’s out there right now? Seems like the most conservative thing we could be doing. Someone should point that out to them.
I’m probably late in posting this documentary. But I suggest to view “Inside Job”. Basically it discusses the financial crisis
wow, what a day. i don’t get shit done at work cuz i’m constantly refreshing yahoo finance lol.
saw this on facebook…
[media=youtube]W4hfdaC7eL4[/media]
Watching inside job, I’m experiencing the same stomach churning as I did with Food Inc.
Though I have to say it’s absolutely hilarious how easily a politician is removed with a sex scandal, but not something that actually fucking matters
A really lucky thing happened to me this week. I went in on Monday to close out some of the positions I was holding on margin. It was just a complete coincidence because I wanted to raise some cash to pay for classes, and the moves I made also accidentally cancelled the orders that I had scheduled for Tuesday. Well, as you know the last 3 days have been extremely hard drops in the market. Dow down 500 points today.
So not only did I avoid this painful drop, I’m sitting on a fat cash position from those orders not going through. I’ve got 20 orders scheduled for Tuesday. If the market stays this low until then, I’m going to increase my monthly income by over 25%. Beautiful.
If I had kept that margin on, I’d now be hitting losses double the size of the current drop. So now I see the potential harm it could do.
Where is serpent in this thread? ive heard some rumors and to pick his brain.
I’m only 16 now but I’ve watched Suzy Orman’s show countless times with my dad (who’s like a financial wizard. he taught me about mutual funds when I was 12 hahaha) but anyways, I never understood why people always insist on living above their means. I’d rather live in an apartment, drive a semi-decent car, and invest my money wisely than own a house with a new BMW and have all the new shit but hide my credit card bills cuz I don’t want to look at them hahahaha. Ain’t that some shit…
You trade in order to raise cash and you make execution errors when you trade. I don’t see anything to boast about.
Right then, so how was your week?
You mean financially? Week-to-week or even year-to-year variation in the markets is meaningless to me because I’m both heavily diversified along multiple dimensions (geography, instruments, etc.) and I only care about my investment horizon which is around 30 years.
The fact that you care about how my portfolio performs on a weekly basis tells me that our philosophies are fundamentally different, and that yours is inferior. How do you explain the fact that there is no actively managed fund that has outperformed the S&P over the long-term?
So here is a quick question that hit me last week. Savings for a house…savings account or aggresive investing?
What do you mean by aggressive investing?
I would really love to get involved in convo but I can’t (some of you know why an whom I work for) but I see some good topics
@unreal… how about “aggressive” savings. They (lenders) want to see that money is secure and sitting there. That is one of the questions they ask when you do go apply for that loan. Don’t do anything that causes things to look unstable. Im starting my homebuyer courses after my bday but I am studying up now.
This is fundamentally incorrect.
Risky investing for big turn arounds…
Well we are putting away decent amounts each month, but its not like the rates in savings accounts these days will amount to anything.