View Single Post
jluetjen jluetjen is offline
Registered
 
jluetjen's Avatar
 
Join Date: Oct 2001
Location: Westford, MA USA
Posts: 8,861
Garage
Quote:
Originally posted by tabascobobcat

My cell mate at work next to me is in a similar situation. One year ago he gave his broker the go ahead to try the vertical credit commodities deal. He returned 89% last year and 12% last month alone. Makes my 15% with Vanguard look stupid and got me to thinking.............
That's the stuff of party conversations. Everyone loves to tell you about that special investment that they made that generated XXX% return. What they never tell you about is all of the deals on which they got hosed. It's kind of like a person who brags about winning $5000 (less taxes) in the lottery, and neglects to mention the fact that they've been buying $5 of tickets a day for the last 6 years to do it!
__________________
John
'69 911E

"It's a poor craftsman who blames their tools" -- Unknown
"Any suspension -- no matter how poorly designed -- can be made to work reasonably well if you just stop it from moving." -- Colin Chapman
Old 04-03-2007, 05:52 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #9 (permalink)