what r ur investments?

[papi68]

These companies have no shame. The day after the summer driving season is over three companies announce that they found oil and oil will be back around $2 gallon.

Earlier this summer analysts were saying that gas would be back around $2 by the winter and barrels would be around $30/40. People who are long in oil plays are going to get killed; shorts should make some dough.

I'm in metals and companies that mine for metals. Gold, silver, platinum, copper. Up 3k last week up 1.3k today. GLG, GG, SLW, SSRI, I own around 20 stocks and I also have options for around 5 companies.

What's good BGOL? Who is investing in what?

I told people to get out of real estate over a year ago. I thought there might be $ to be made in Baltimore. I still think it's a good play but the money will take too long to get out. Perhaps, if you were to buy a rowhouse for $20k, rehab it and HUD it out you could make some dough. Seeing that I've never been to Bmore that is purely speculation.

Is Sony's stock price depressed? I think it is, I'll have to check. When the PS3 is released their stock price will go thru the roof. Was it Exxon that made over $10B last quarter in profits? That came out to over a thousand dollars per second.

Just rambling for a bit. I guess instead of spending my time on fantasy football I spend time on stuff that should make money. I always looked at athletes/entertainers/anyone more successful than me like they've already made dough, now I have to go make dough. When they were training they weren't chilling and I'm not chilling until I have enough.

 

[owl]

What were the real life action steps you took in buying stock. i am interested in it, took a course in business, but since no one in my family ever invested, i am concerned that i don't have the connections necessary to make the proper use of my money.

 

[Sah S!NCere]

I told people to get out of real estate over a year ago. I thought there might be $ to be made in Baltimore. I still think it's a good play but the money will take too long to get out. Perhaps, if you were to buy a rowhouse for $20k, rehab it and HUD it out you could make some dough. Seeing that I've never been to Bmore that is purely speculation.

There are alot of older cities that have rowhouses especially in the Northeast (NJ,PA,DE etc). Most of the cities that have them were built during the 19th century. The thing is that these rowhouses and other anitque/historic houses were built better than houses built 30-50 yrs. ago and have more historic value to them (in terms of materials, style, architecture,etc). The main problem with the location of these rowhouses are in some of the worst parts of the cities like Bmore. So until these cities come up from the trenches that when these rowhouses/historic houses will prosper.


Just my 0.02

 

[biglw_1]

Lets see I got these 4 hoes that be turning tricks on the reg. Then I have my pack runners doing they thing. Small investments but great profit margins.

 

[BigATLslim]

Damn, papi68, you sound like me on that athlete/entertainer/anyone tip. I been preaching that sermon for AT LEAST the past two years. Ummm, right now I am focusing my investing in businesses. I am promoting and direct marketing for a chocolate distributor, I am a partner in a car restoration firm, a business credit firm and a couple of pieces of real estate. These investments are in their childhood stages.

Before this though, all I did was penny stocks. I still do but no new money and not a lot of focus. I am a big Robert Kiyosaki and Michael Masterson fan. They stress investing in businesses, then real estate then paper assets. I think that is how my path to wealth will pan out. Let the businesses throw off profits, put that into joint ventures in real estate and then I will do the "traditional" investing.

This will consist of stocks, commodities, metals, hedge funds, IPO's, FOREX, offshore investment vehicles and may dabble a bit in derivatives if my tolerance level will allow it. I am not getting any younger. By the way, I recommend all those about money buy the movie Wall Street with Michael Douglass and Charlie Sheen. One of his classic lines was, "Anything worth doing, is worth doing for money." I hustle everyday due to that.

 

[rawlo5660]

Damn, papi68, you sound like me on that athlete/entertainer/anyone tip. I been preaching that sermon for AT LEAST the past two years. Ummm, right now I am focusing my investing in businesses. I am promoting and direct marketing for a chocolate distributor, I am a partner in a car restoration firm, a business credit firm and a couple of pieces of real estate. These investments are in their childhood stages.

Before this though, all I did was penny stocks. I still do but no new money and not a lot of focus. I am a big Robert Kiyosaki and Michael Masterson fan. They stress investing in businesses, then real estate then paper assets. I think that is how my path to wealth will pan out. Let the businesses throw off profits, put that into joint ventures in real estate and then I will do the "traditional" investing.

This will consist of stocks, commodities, metals, hedge funds, IPO's, FOREX, offshore investment vehicles and may dabble a bit in derivatives if my tolerance level will allow it. I am not getting any younger. By the way, I recommend all those about money buy the movie Wall Street with Michael Douglass and Charlie Sheen. One of his classic lines was, "Anything worth doing, is worth doing for money." I hustle everyday due to that.

Be very weary of Robert Kyoski and others like him. It has been found out that the whole rich dad poor dad was a farce and that he does not really have due knowledge to instruct others on how to make money. In fact he makes most of his income from getting others to purchase his books and inspirational speaking. I was not aware either until I did some research. You can read about him and others on Wikipedia. Also investing in a good financial planner is also a way to go. If you do not want to invest in a financial planner there are numerous college references that you can read. Plus M.I.T. offers free open courseware classes that are a great wealth of information. The book I currently read is Financial Planning for Professionals. This book gives the reader allot of information on how to set up personal goals and create financial strategy

 

[BigATLslim]

The only problem I have with wikipedia is anyone can go in and write whatever about whatever and add their own personal slant. Even if his information is fabricated, it is not out of line of any elite finance professional. I am a part of several elite investing groups and his information is right in line with theirs and they do not endorse him.

I am careuful about my information and will continue to be wary of information. I agree with you that that is the most important thing is to be sure of your information. I was thinking like Robert Kiyosaki before I even read his books but I did not have enough money to be credible so I know there is some validity to him. I am sure I was not the only one thinking like that.

There are two other authors who have no affiliation to him, but just don't have his popularity, who suggest his same paths to wealth. Michael Masterson is one of them and he is REAL. It's good dialogue man because who would even think young brothers would be talking about investing much less DEBATING it and in a porn forum on top of that. I am open to learn from you and hope you feel the same way about me.

 

[Lick]

Hey Dawg!
I’m the guy that will most likely not follow your advice. Not that it is wrong, more so that it is not right for me. I use to have stock and a Stock Broker and it seem each time I took two steps forward the IRS was there to receive their share of my profits that put me back where I started and not ahead.
My Stock Broker was advising me to buy this or some other stock (Remember CD Now?? Where the hell is it now) and the moment I said to him I am getting into a home for my family, he suggested more stock to help me with the down payment. I don’t know how I did it or why. However, I did not follow his advice and I used the funds at hand at that time and got in my home instead of more stock.
I was still investing in Stock but now I am a home owner and the light came on for me when I did my income taxes that year!
For me, Real Estate has been and still is the best investment for my dollars and OPM (Other People Money). With stocks, OPM is not a option. You cannot go to a bank or lender and borrow funds to buy stocks not even if it is theri stock. With Real Estate it is done daily. I can go to any bank and they will loan me money for REO they have and don’t want on their books.
I am more than sure that you have and still do spend time and money in your field to be the very best at what you do. I just don’t understand why you would ever tell or suggest to anyone get out of Real Estate.
When I look at the number of write offs provided with Real Estate on one side of the paper and view what I receive with stocks, I will always be better off on the Real Estate side.
I am more than sure at some point I will find a balance with investing some disposable income in stock.
As always Dawg, Stay up!
“ LICK “

 

[Lick]

Damn, papi68, you sound like me on that athlete/entertainer/anyone tip. I been preaching that sermon for AT LEAST the past two years. Ummm, right now I am focusing my investing in businesses. I am promoting and direct marketing for a chocolate distributor, I am a partner in a car restoration firm, a business credit firm and a couple of pieces of real estate. These investments are in their childhood stages.

Before this though, all I did was penny stocks. I still do but no new money and not a lot of focus. I am a big Robert Kiyosaki and Michael Masterson fan. They stress investing in businesses, then real estate then paper assets. I think that is how my path to wealth will pan out. Let the businesses throw off profits, put that into joint ventures in real estate and then I will do the "traditional" investing.

This will consist of stocks, commodities, metals, hedge funds, IPO's, FOREX, offshore investment vehicles and may dabble a bit in derivatives if my tolerance level will allow it. I am not getting any younger. By the way, I recommend all those about money buy the movie Wall Street with Michael Douglass and Charlie Sheen. One of his classic lines was, "Anything worth doing, is worth doing for money." I hustle everyday due to that.

Hey dawg! Let talk shop about the Car restoration business. I do it as a hobby. However, the last three years I have not touched my toys. I think I am moving to a stage in my life where I may do the hands on again but I don’t have the time now.
Maybe we can do some business.
Stay up!
“ LICK “