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How well do you do?

Discussion in 'Non-Vegas Chat' started by Vegas Twosome, Jan 2, 2013.

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  1. Vegas Twosome

    Vegas Twosome Tourist

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    Not being political. Sure we have all heard and are tired of comments from all sides. However, with the can kicked down the road, (somewhat political) where would you put your money. Stocks, under the mattress, or the Book. How well did you do last year? No mattress talk.
     
  2. Vegas Twosome

    Vegas Twosome Tourist

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    Not sure why this was moved. Maybe because I wasn't selling tickets, talking about NFL firing? Just asking about money on the line.
     
  3. BeeeJay

    BeeeJay President of The Red Lobster Hostess Satisfaction

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    2012 was an awesome year.

    I would say my 2nd best year ever to 2008, but much more appreciated after the bad years in between. Business and gambling both went extremely well. Also lost 35 lbs which put a more positive spin on it than whatever I gained eating so much Steak & Lobster in 2008. :evillaugh

    I have zero interest/opinion/advice etc on investments. I measure myself against others the same way Ty Webb measures himself against other golfers...."Penile Circumference". :beer:
     
  4. JWBlue

    JWBlue VIP Whale

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    A difficult question to answer. No one knows where the market will go.

    My only advice with the stock market is to not treat it like a casino by putting all the money down at once.

    When buying, spread the stock purchase over a period of 1-2 years.

    I do not know how much money you have to invest, but I do know of a good fee only financial advisor that has
    managed my mother's money for the past 17 years and has done a good job. A good financial advisor is difficult to find.

    PM me if interested

    There are some sharp investors on the board below. I would post this question there.

    http://www.bogleheads.org/forum/viewforum.php?f=1

    If you do feel like gambling, buy some of this stock. It could give a significant return the next few years.
    High risk, high reward.

    5N Plus.

    http://www.investorpoint.com/stock/VNP%3ACA-5N%20Plus%20Inc./
     
  5. mikenhe

    mikenhe VIP Whale

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    I did very well last year. a few more years like that and I could seriously consider quiitng work. Wife would still have to go in order to cover health care but I'm ok with that :evillaugh


    The key is finding the undervalue stocks and getting in before they get popular. I trade very little - just research and put my money down when I think the time is right. The banking sector has been very good to me in the last 6 months and I think it will continue to be good as everyone jumps on that bandwagon.

    The one stock I think will do very well is AIG. Now the gov has sold out of their share I believe that AIG will do more buybacks and it will move back into the indexes - which means that the tracker funds will buy it.

    Of course I could be wrong - I thought that an oil and gas stock was well positioned last year with new contracts and a big lawsuit looking like they would win - instead they ran out of cash and are now worthless. An expensive lesson for me - but one that could be worth a lot to me in the long run as I hope not to repeat those lessons!!

    you have to find your own path to saving and investing - and it can be different for all of us. good luck!
     
  6. Username

    Username VIP Whale

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    NO LOAD mutual funds.........
     
  7. Joe

    Joe VIP Whale

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    I've had 90% of our money invested with Vanguard since around 1998. Mix of stock and bonds, no load funds.
    For 2012 we increased our net worth by 8.47%. Mix of about 60% stocks, 40% bonds.

    Not huge, but we're both retired and living off our investments. 5% in cash and 5% for me to dabble in individual stocks. Done better in that than my football picks:evillaugh.

    I don't plan on changing a thing in 2013. In 2014 we begin to collect our first Social Security checks and will probably move to more of 50/50 mix.
     
  8. Boone

    Boone Tourist

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    Remove everything from the market and put into cash by the second week of Feb. Buy back the same stocks somewhere around 3/8 or whenever the government has decided enough is enough and you will have saved yourself 15% and have more of the same stock at the same $.
     
  9. DMSCR

    DMSCR High-Roller

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    Did well during the financial crisis of 2008/2009 because that was when I became a short seller again. When stocks starts to fall they sink like a stone in water and that is where the real money is made.That was also the time I need to find fixed risk money making environments so that was how I discovered baccarat. Didn't do quite well where I was losing $80 to $230 per shoe at times. Very discouraging but kept working at things until I started to break even and then started to become profitable consistently. Also when I used to visit Vegas met some local equity traders into HFT. Got myself in that where I find my niche in stats arb where I have jumped back into the fray of the trading world.

    I am summarizing but it has not been a smooth journey mind you. There were many moments I questioned and doubted myself and my decisions. Alienated lots of people and found out who my real friends were. I can say that the majority of the people live with this inner fear of risk taking and have a love/hate relationship with people who see speculation as a lifestyle and not some past time.
     
  10. LucyR.

    LucyR. VIP Whale

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    I do very well regarding money

    I have a great attitude of being prosperous. One time I felt real poor so I bought a Properity tape and would play it every time I would drive to work.
    Then one day I felt that everything was going to be okay for me for the rest of my life. I have a friend who feels the same way I do.

    What is really important is to have money to pay for any emergency that may come into our lives.

    I am in the habit of not lending money. I have learned to say, "Sorry, I can't help you." It works for me.

    I believe in helping out people who I think really need some real emergency money. I give them money to pay for what they need. I consider that
    Charity because I am helping someone.

    I am a frugal person and love coupons, free stuff, cheapy things, and I have a low maintenance life-style. Plus, it feels good to be able to support my simple life-style.

    I know that your main question is how you handle your money and how you invest it, and maybe get some ideas on how you can do better this year.
    I keep that info. private.

    I don't save my money under my mattress. I save it in a closet.lol.
    Just kidding! My grandmother always felt rich as long as she had some cash
    in her bra.lol. She lived to have a wonderful rich life full of creativity on how to make money in a possible creative manner. She had many different
    careers in her life-time. I am really proud of her and she was a great role-model for me. Lucy
     
  11. Huddler

    Huddler VIP Whale

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    It was a GREAT year from an investment perspective! One reason is I dont have any bonds! Ever since Richard Screwme, I mean Scrushy screwed me on a shitload of HealthSouth bonds, and many of the junkbonds I held during the crash became toilet paper, I have been into equities, commodities, currencies, gold/silver. This year was particularly good. Now when Mr Obama decides that us evil people need to pay our fair share and raises the capital gains tax so another welfare Mama can buy more cigs for one of her baby daddies, this investment game might change considerably.
     
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