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Registered
Join Date: Apr 2008
Location: Houston TX
Posts: 8,702
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So, who's raking in the cash in the markets right now?
All you hear about is doom and gloom and how the economy is destroyed, but all I'm seeing is LOTS of money being made by people who rode through this bump, buying low.
Someone here is getting rich off of Ford (up 150% in 3 months), or off the Dow (up 15% in 3 months, but pretty even at 6 months), the S&P (almost 18% in 3 months)... In the paper I'm seeing many many local stocks that are 150-200% of what they were 3 or 4 months ago (still down from a year ago, but going strong). Who gave the finger to the crowd mentality, and stuck through in the markets? Who jumped in when it hit the low, and is riding this wave in as far as they can?
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Mike Bradshaw 1980 911SC sunroof coupe, silver/black Putting the sick back into sycophant! |
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06-17-2009, 11:22 AM
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Registered
Join Date: Jun 2005
Location: Hamburg & Vancouver
Posts: 7,693
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Not sure I gave anyone the finger. But I stayed in. It simply made no sense for me to sell and realize those losses.
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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06-17-2009, 11:28 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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I'm in.
Heck, I opened my Roth IRA in August and have been putting money in every month. Who's winning? I suspect those with the "inside track" on what upcoming government regulations will be. Warren Buffett comes to mind. So does GE.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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06-17-2009, 11:30 AM
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DP935 member
Join Date: Sep 2004
Location: Kentucky
Posts: 3,044
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I stayed in also. I am now working using thinkorswim's paper money to trade stocks and options myself. I have had about 7 full days of actual classroom and spent maybe an additional 50 hours so far at home. My broker wasn't doing a very good job, so I hired myself.
I am also interested in Forex and made $261 in one day, using paper money...Not much but was glad to be in the positive integer on the first try.
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Porsche Slantnose M505 M506 group on Facebook. https://www.facebook.com/groups/719995181372494/ |
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06-17-2009, 11:36 AM
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Feelin' Solexy
Join Date: Oct 2003
Location: WA
Posts: 3,786
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Quote:
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Grant In the stable: 1938 Buick Special model 41, 1963 Solex 2200, 1973 Vespa Primavera 125, 1974 Vespa Rally 200, 1986 VW Vanagon Syncro Westfalia, 1989 VW Doka Tristar, 2011 Pursuit 315 OS, 2022 Tesla Y Gone but not forgotten: 1973 VW Beetle, 1989 Porsche 944, 2008 R56 Mini Cooper S |
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06-17-2009, 11:37 AM
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AutoBahned
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mostly bought a few months ago
made a couple of tax sales before the end of '08 |
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06-17-2009, 12:08 PM
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MBruns for President
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Quote:
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Current Whip: - 2003 996 Twin Turbo - 39K miles - Lapis Blue/Grey Past: 1974 IROC (3.6) , 1987 Cabriolet (3.4) , 1990 C2 Targa, 1989 S2 |
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06-17-2009, 12:10 PM
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Registered
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I'me made a few changes along the way. Some for the better, some for the worse, but better overall.
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Silver '88 RoW Carrera Grey '06 A4 Avant |
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06-17-2009, 12:19 PM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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I sold my equities in fall 2005 and stuck the money in interest-bearing t-bills and high yield savings accounts. A quick glance shows that my cash stash has gone up in value while the stock funds are still down about 25-30% before inflation.
My gut says income producing RE bought at deep discount is the next venue with reasonable returns and modest appreciation. Just remember to not lose money in your investments or you are destined to lose. |
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06-17-2009, 12:39 PM
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Registered
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Roughly 6 months ago I move 30% of my 401K into our natural resource option. Buying anything with oil when it's at $38 a barrel seemed like a no brainer. So far so good. I also moved 30% of my ROTH into non traded office and health care REITs. These both opened about 6-9 months ago and they have made some purchases at what appear to be phenomenal prices. Both are also currently 100% occupied. Buy what has been beat up and ride it back is a plan that has worked more than once for me...and many others I assume.
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06-17-2009, 12:40 PM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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On the flip side of the coin, who here got wiped out in GM or Chrysler stock?
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06-17-2009, 01:40 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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AHHH OHHHH..when the day traders come in it is over...time to head for the exit...
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Copyright "Some Observer" |
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06-17-2009, 01:43 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Bought a nice little AK spoon a little over a year ago for $700, it came with an alumium hard case that had a price tag of $189 on it....Sold the AK spoon for 1250 plus I get to keep the hard case..Ohh an I supped with that spoon twice...
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Copyright "Some Observer" |
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06-17-2009, 01:45 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,506
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Quote:
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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06-17-2009, 02:19 PM
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Gone to California
Turbo
1988 Porsche Carrera 3.2
1988 Porsche 911 Turbo Cab
