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The Rich continue to get richer
Last edited by 89coupe; 03-10-2011 at 11:06 PM.
Beyond Bully
It's not fair!!!
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
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Good for them - can't begrudge anyone for making money, and they're in the financial positions they're in for a reason.
-James
Current beast: E550 Coupe (M278)
Previous beasts: AM Vantage, E90 335i (modded + JB4 Map2), E39 M5
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Dammit, I'm number 16 again
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If you don't have a seat at the table, you're on the menu.
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Takes money to make money.
Anyone who still got money to invest after the crash made it out like a bandit. So it's pretty normal for these folks.
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If there was a "MRU's Poorest Students" list, im sure id have a chance to make that list...
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...or mad risk tolerance and luck.Originally posted by Xtrema
Takes money to make money.
Anyone who still got money to invest after the crash made it out like a bandit. So it's pretty normal for these folks.
One of my friends turned nothing into a million dollars (and his cheques from dividends alone is more than double my yearly salary now)...all he did was take a whole bunch of loans simultaneously so they didn't show up on his credit report when applying the next loan, open up a margin account and traded like a mofo.
Some research, good choices and a lot of luck, less than a year later, he's earned his million+ bucks. He could quit his job but why? He can trade while he works there and collects yet another income stream with minimal work.
Yes, I'm jelly.
Originally posted by hurrdurr
I wouldn't gamble with a DP on one of these.
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That guy must go through toilets like nobody's business shitting that many horseshoes.Originally posted by 1barA4
...or mad risk tolerance and luck.
One of my friends turned nothing into a million dollars (and his cheques from dividends alone is more than double my yearly salary now)...all he did was take a whole bunch of loans simultaneously so they didn't show up on his credit report when applying the next loan, open up a margin account and traded like a mofo.
Some research, good choices and a lot of luck, less than a year later, he's earned his million+ bucks. He could quit his job but why? He can trade while he works there and collects yet another income stream with minimal work.
Yes, I'm jelly.
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Taking out simultaneous loans to invest? I do not have the balls. If shit hits the fan, that's life ruining!Originally posted by 1barA4
...or mad risk tolerance and luck.
One of my friends turned nothing into a million dollars (and his cheques from dividends alone is more than double my yearly salary now)...all he did was take a whole bunch of loans simultaneously so they didn't show up on his credit report when applying the next loan, open up a margin account and traded like a mofo.
Some research, good choices and a lot of luck, less than a year later, he's earned his million+ bucks. He could quit his job but why? He can trade while he works there and collects yet another income stream with minimal work.
Yes, I'm jelly.
Ultracrepidarian
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Good on him, but wildly risky. Not within the suggested boundaries of "only trade what you can afford to lose".Originally posted by msommers
Taking out simultaneous loans to invest? I do not have the balls. If shit hits the fan, that's life ruining!
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ridiculously lucky. 95% of 'stock traders' or daytraders break even or lose money.Originally posted by 1barA4
...or mad risk tolerance and luck.
One of my friends turned nothing into a million dollars (and his cheques from dividends alone is more than double my yearly salary now)...all he did was take a whole bunch of loans simultaneously so they didn't show up on his credit report when applying the next loan, open up a margin account and traded like a mofo.
Some research, good choices and a lot of luck, less than a year later, he's earned his million+ bucks. He could quit his job but why? He can trade while he works there and collects yet another income stream with minimal work.
Yes, I'm jelly.
Destroying anti-US trolls and idiots like broken_legs since 2009.
Dallas, Texas
Beyond's Biggest E-Mack
Without risk there is no reward....
...@therealarifjina...
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Lol, just have to walk down to a shelter in calgary and you can talk to the other 90% where that gamble didn't pay off.
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Hey if hes a numbers guru, even so much as Brett Wilson and knows WTF hes doing (I mean REALLY knows WTF hes doing) all the more power to him.Originally posted by 1barA4
...or mad risk tolerance and luck.
One of my friends turned nothing into a million dollars (and his cheques from dividends alone is more than double my yearly salary now)...all he did was take a whole bunch of loans simultaneously so they didn't show up on his credit report when applying the next loan, open up a margin account and traded like a mofo.
Some research, good choices and a lot of luck, less than a year later, he's earned his million+ bucks. He could quit his job but why? He can trade while he works there and collects yet another income stream with minimal work.
Yes, I'm jelly.
I think about 99.99 of society would have their lives ruined if they did that.
"The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side"
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Risky.
But its really only in the US where you can take loans of that level, if you aren't already rich to start with. Noone will lend you money if you don't have assets to start with.
Canada has tighter restrictions. In China, you can own a house and a car and still not be able to get a loan. In the middle east, lending with interest is actually considered by some to be against the will of god.
In the US, if you borrow millions and then lose it - you just declare bankruptcy and call your lenders idiots for them trusting in you. Its pretty much a greed scam most of the time.
Last edited by ZenOps; 03-13-2011 at 10:56 PM.
Cocoa $11,000 per tonne.
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Isn't it sort of irresponsible kinda investing? Massively over leveraged like what the banks did to trigger financial melt down but on a much smaller level.Originally posted by 1barA4
...or mad risk tolerance and luck.
One of my friends turned nothing into a million dollars (and his cheques from dividends alone is more than double my yearly salary now)...all he did was take a whole bunch of loans simultaneously so they didn't show up on his credit report when applying the next loan, open up a margin account and traded like a mofo.
Some research, good choices and a lot of luck, less than a year later, he's earned his million+ bucks. He could quit his job but why? He can trade while he works there and collects yet another income stream with minimal work.
Yes, I'm jelly.
He came out ahead so good for him, nonetheless.
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To make money in the stock market, someone else has to lose it.
Vettel's #1
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Uh. no.Originally posted by CapnCrunch
To make money in the stock market, someone else has to lose it.
Company X IPOs at $10/share.
You buy 1000 shares at $10 and sell them to me when they reach $20.
I buy those shares at $20 and sell them to someone else at $30.
Who lost money?
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Stocks don't always go up and up.Originally posted by sputnik
Uh. no.
Company X IPOs at $10/share.
You buy 1000 shares at $10 and sell them to me when they reach $20.
I buy those shares at $20 and sell them to someone else at $30.
Who lost money?
Companies can't grow forever.
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