Football Display Case
I don't think they changed Les at all actually
national champs baby
Patrick Hruby is doing God's work.
first comment: "EVERY ATHLETE HAS ASPIRATIONS OF WINNING AND WE HAVE OUR FAVORITES BUT IT IS ALWAYS A PLEASURE TO OTHER STUDENTS ACHIEVE THEIR GOALS, TOO!"
stupid Pistons and their refusal to tank properly
rundown of Michigan's riser
needs moar usage
so much for that
This list is completely arbitrary and not a genuine analysis of the relative merits of state fossils.
will be michigan's highest pick in a while
money has to go somewhere
I am only motivated by people who have no opinion about me.
the just released schedules were a flat-out statement that the B10 doesn't believe SOS will matter in playoff selection
but I thought that draft was supposed to be incredibly loaded?
People aren't listening.
You will get fucked if you follow stock market advice on a message board.
especially because you can have dividends (if you own stocks that pay them) reinvested in more shares of that company, which builds wealth and lowers your overall cost basis if you hold long term. I agree with the above advice: invest in what you know. Do research. Don't let the single day/week swings impact your investment mood. Here is a list of suggested stocks to do research on. They combine some conservative dividend payers with more speculative small caps. I don't recommend any of them for anyone, but I find them interesting and own them myself.
Artificial Life (AILF)
Joe's Jeans (JOEZ)
City Telecom (CTEL)
Bank of America
Ebix Inc. (EBIX)
Permian Basin Trust (PBT)
Astra Zenica (AZN)
If you don't have the time to do your own research, stick to mutual funds and indexes. Good luck.
"Everyone gets dumped Gabe. Let me give you some advice: a little coverup on your Adams Apple will make it appear smaller. Which will make you appear less like a transvestite."
Lol, I worked in a group that covered PBT for the past two years...
pays a great dividend, and has appreciated nicely too.
It wasn't under my direct coverage, so I'll refrain from providing any uninformed e-pinion. PBT was under a group that focused on E&P MLPs and Royalty Trusts, my coverage was midstream energy MLPs.
I just thought it's a funny coincidence that someone on MGo is invested in a fairly niche sector that I worked alongside of. Small world.
The space between your mattress and box spring or bedframe- great for stashing several thousand dollars in $20 bills. Use it.
Ann Arbor: now the permanent home of the Little Brown Jug
I sold short on emo's MGoPoints and made a fortune.
financial advice from sports boards...
I have to go return some videotapes.
-history always repeats itself
-this market tanks Jul/Aug
Here is what I am in right now:
History does NOT ALWAYS repeat itself
What about oil?
Why do you think this will happen?
Stock advice is like assholes everyone has one.
"A house divided against itself cannot stand"
Go figure, bouje has an opinion too!
Are you a park ranger at Yellowstone? Say hi to Yogi Bear for me. - the_big_house 500th
I may not be a 70 year old man. - Herm
So when I see something say something fucking stupid sorry but I'm going to call them out on it so that people don't lose their ass and then blame it on my profession.
What do you mean? You are here defending your profession? I thought the OP was talking about buying/selling his own stocks online (presumably day trading considering his self-proclaimed OCD). What does that have to do with your profession?
If you want to call someone out for being stupid... have at it. Just don't pretend like the reputation of your pofession is at issue.
or when the market tanks people blame it on the professionals for "rigging the system and taking it on poor ole mom and pop". With all of the regulations that the government is trying to put on my profession yeah it kind of pisses me off when people take stupid advice. When you put on a trade it's your job it's your idea it's your position if you make or lose money it was your decision to put it on and you only have yourself to blame.
Your profession could obviously use more regulations. The financial markets are critical to the nation (like electricity), but the lack of rules/regulations means its players can destroy the stability of the future in the hopes of a short-term quick buck.
I think we would all be better off if the trading of derivatives (that have a huge effect on the economy) was regulated and if there were serious conflict of interest rules between banks and rating agencies. The CMBS "scandal" proves that, unchecked, the market will suffer from the lack of rules (that attempt to enforce seemingly intuitive principals, like not investing much in subprime loans, that get lost in the shuflle of bonus season.
If more regulations push the "wild west" winner take all aspects of the financial markets overseas....so be it.... then they can ruin those countries instead.
homes and only made like 60k a year. Why is no one pushing for the days when you had to have 20% down to buy a home, a certain credit score, so much debt/income and so much money in the bank.
You can say that it was all the financial industries fault for these crazy derivatives but really it was a host of problems within the government, society and in these companies and while a regulation of just the derivatives would probably not be a terrible idea it's not THE ONLY solution that needs to be done so that this doesn't happen again.
...just a necessary part of the solution. The most necessary.
People shouldn't have bought those homes either, but, from my point of view, I think the financial realities of home loans should be understood and appreciated a little more by the people trained in such matters and who enter into numerous loans. The borrowers obviously bear some blame and many lost their houses (which is a little worse than losing a job and/or bonus in a company). But, its clear the bankers definitely should have known better.
More blame falls on them, becuase they had more responsibility (as the backbone of the economy) and institutional knowledge.
(BTW - They use the discrepancy in "financial knowledge" to their advantage in the credit card arena by charing huge raes to stupid people....so they know there is not a level playing-field when it comes to financial intelligence.)
It was the governments job to say "ya you shouldn't be able to give this loan to these people". The whole "everyone in America should be able to afford their own home" was the undoing of the financial markets and the housing crisis in general.
As someone who was also one of these douchebags who sold loans to people (that's why I quit was because it was unethical) they don't care. It's like trying to tell a used car salesman not to be an asshole or a realtor. They are all slimey pieces of shit who only care about making money. Therefore since they are not looking out for the best interests of their clients in most cases it is the governments job to protect them and when they laxed the requirements for purchasing a home and threw shit out the window is when the housing market failed.
If the market tanks again, oil is a horrible short term investment. Volatility with the peaking of oil production is going to be the norm. Long term investments on the upstream side might have some payoff, but to minimize risks you need to minimize oil investments that have a large downstream refining, marketing, and trading sectors. Exploration and deepwater production stocks should be a decent 10 year bet, but beyond that, once global production is down 10-15% and the middle east has gone to shit because they have cannibalized their export market and disrupted their domestic subsidies, well ...
don't take advice from internet message boards.
You just say oil? Do you want to own oil or short oil?
Why do you think it tanks in July/August? (I personally think that it will tank when they raise interest rates)
And to that list of ticker symbols what the hell does "in" mean? Long, short, options?
Anyone can say Oil is the thing to be in! But if they don't say which way then they are always right.
I have to say that most of the advice here was pretty terrible.
1. If you think that you know something for sure you are wrong. Trading is like any other game of probability and there are no sure things there are always fatty tails (just ask the LTCM guys)
2. I agree with everyone that said DO NOT take advice from message boards and honestly why should you listen to anyone on here?
3. You need to come up with a system that you believe will minimize your losses, maximize your gains, while preserving capital, which gives you an edge on the market (whether that edge be 55/45 or 70/30).
4. If you have never traded before you should start out with play money and just bs around and see how you do on a simulator and develop a strategy and risk controls.
5. No matter how sure of a thing that something seems always have stops and an idea of when to get out. Capital preservation is the most important thing.
6. Finally know your time frame. If you're a professional who works during the day, day-trading is probably not for you as it requires 100% attention to the market. So then besides day trading there is swing trading and longer term investing.
7. Finally again, you need to determine do you want to base your decisions on: fundamentals, technicals, price action (again it all comes back to having a system)
8. Remember the time old adage that says (with my corrections):
Bulls make money (most of the time)
Bears make money (once a few years but they make shit tons)
Pigs get slaughtered
If you'd like to know what books or what not to read to get you started on this stuff just feel free to ask away.
Actually I'd like to hear some good options books since that is your area. I've looked into them before and have confidence in what I learned, but more education never hurts.
But the best options book from what I've heard is:
Option Volatility & Pricing: Advanced Trading Strategies and Techniques
and the "bible" for all of the varying strategies is:
Options as a Strategic Investment
You won't need any other books besides those 2.
for anyone with spare cash but no sense. Here is all you need to know:
- Get diversified funds with low fees.
- Do not hire any professionals to manage your money; the fees will kill you (no offense to any in the industry)
- If you MUST buy individual stocks rather than ETFs or mutual funds (not recommended), you have to buy at least 50 different stocks across all industries/sectors to achieve any sort of diversity to lower your risk. The fees associated with doing this are high, especially in the middle (end? beginning? who knows) of a recession.
- Learn to HOLD your investments. Constantly buying and selling is for people that know what they are doing and of course bring higher transaction costs with them. Investing should be a long term strategy.
- Assuming the investments are made with actual disposable income (i.e., not the college fund), remember that the older you are the less risk you can afford. Older = less stocks, more bonds and other instruments with less risky (and just less) rates of return.
- If it sounds too good to be true, it is. Do not take any advice from anyone WRT any particular investment.
- almost forgot, if you aren't maxing out your Roth/401(k) you shouldn't even be thinking about other investments. The tax deferral benefits are incredible. Again, seek funds with low fees and good diversity.
Max out only to the point of the match.
401K is captive and you are limited in choices and fee structures.
Roll over any 401K to an IRA immediately for control and costs purposes when you leave a company.
If you don't get a match don't do a 401K.......RothIRA is much preferred.
"Deserve to Win!"
But for people with decent jobs or otherwise in high tax brackets, 401(k) >>>>> Roth. Most people are in a lower tax bracket when they start receiving distributions at retirement age, thus you want to be taxed then, not now. 401(k) is subject to the risk of tax rates increasing overall in the future, but will they end up higher than the brackets you are in now? Roths are subject to the risk that something will happen and investments will lose their tax free distribution status, though political pressures would likely prevent something like this from happening.
Tax bracket: If you are pulling from 401K funds, +SS plus non qualified accounts, you are going to be in a much higher tax bracket. For the uber wealthy there are different options.
You now have no tax deductions: kids, less income = less giving, mtg interest is gone in most cases.
You are now going to also be paying taxes on SS income (85%). With Roth's you will not be jumping up tax brackets on money pulled from the account and may be able to pay less taxes on SS income as well.
No one has ever told me they thought taxes were going to be lower 20 years from now.
Roths have the same risk as a 401K but if you control the Roth you have more control over the investment and the fees.
Every client is different but you have to address these issues.
In the end, it is what you keep not what you make.
I've never heard anyone tell me they expect to be in the same or higher tax bracket at retirement.
The bottom line is that--like I said--it is different for everybody. While I am normally precluded from rolling over to a Roth, I'm able to this year thanks to a tax law change. I will not make this election.
Invest heavily in BARWIS stock. Their investments in chocolate milk and wolf food will pay off handsomely.
If you want to satisfy your OCD/Stock market itch, use play money. I used to do updown.com a lot. You can do everything you can in real life, without the risk (and of course, the return). Experiment there, and be smarter with your real money.
Or don't listen to me. I'm just a sophomore at Ross. I haven't even taken finance yet.
"The trouble with quotes on the internet, is that it is often difficult to discern whether or not they are genuine" --Abraham Lincoln
If you are planning to trade a lot and have a decent-sized bank roll of "Vegas money" (money you are willing to risk), then you might look into Trade Station. The cost to trade is dirt cheap. It's like being a professional trader. You can program algorithms to signal trading opportunities or screen for stocks. You can even automate your trades by letting the computer execute your trading program (you may not want to do this unless your very confident that your strategy works).