Why are you so jealous? because of capitalism is why :0074 i started investing when I was 12 years old in the stock market, while you were out doing drugs I was buying mutual funds :0008
Stock markets highest levels since the Clinton years
- Thread starter smurphy
- Start date
Why are you so jealous? because of capitalism is why :0074 i started investing when I was 12 years old in the stock market, while you were out doing drugs I was buying mutual funds :0008
And a purchasing clerk who's a multi-millionaire.
What a great time to be a capitalist!
- Apr 10, 2014
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Hedge,
I'm not jealous in any way imaginable of you. First things first however, you're lying about being twelve and investing in the stock market. Being that online market brokers weren't available then, you can't expect anyone other than yourself to believe you walked two miles each way uphill to your brokers office. So sell that psycho shit somewhere else. Which leads us to our second point. Lies just roll off your fingertips like they're nothing. It's your nature. My natural reaction, as with many others on this site I'm quite sure, it's too take everything you say as a lie or exaggeration. You're lying right now, mostly to yourself yes, but a lie nonetheless.
Third, I'm well aware of mutual fund performances over the last twenty five to thirty years and simple mathematics along with well documented crashes and market upheavals brings your lies to bear. My guess is if you have ridden the wave of economic success that the Clinton and Obama administrations have brought to bear, you might have around $800k. I'm guessing I'm very, very close to correct.
Now onto my final point. I took a buyout after 23 years with American. I topped out my 401K every year and I have a fully funded pension. I now own my own business that is doing just fine. As a matter of fact, Friday I'll pick up a check for what I'm guessing is about 35% of your annual net income. I'm guessing you gross about $64-74k per annum as a mid-level purchasing agent with a cubicle. (Hey before you start lying about how much you make remember that child support is a matter of public record and therefore your salary is as well.)
So I'm very unclear as to what I would be jealous of?
If we were elephant seals I might be jealous because of your size and influence on the ice floe, sans that scenario, there's nothing about you that would inspire anything close to jealousy from me.
Ridiculously idiotic tales are your mantra though so how about we pile this absurd claim into the Obama is giving everyone Ebola so he can instill martial law lie heap, what do ya say?
I know you really liked this particular lie hedge but not everyone is as gullible as you.
Hope this helps,
FDC
One more thing hedge. I have two degrees and am only hours away from a third. None of which were acquired by doing drugs at 12 years of age. You have zero degrees and a drinking problem so before you start throwing around cute little insults such as the above, have someone with intelligence think them through for you first. That way they'll appeal to more than fake hank.
Mark Cuban on the market
Mark Cuban on the market
I like Mark Cuban, he is a SMART guy..
Mark Cuban unleashes uncontestible exposition why is this bubble far worse than the tech bubble of 2000.
It is different this time... and, as Mark Cuban explains, far worse...
Ah the good old days. Stocks up $25, $50, $100 more in a single day. Day trading was all the rage. Anyone and everyone you talked to had a story about how they had made a ton of money on such and such a stock. In an hour. Stock trading millionaires were being minted by the week, if not sooner.
You couldn?t go anywhere without people talking about the stock market. Everyone was in or new someone who was in. There were hundreds of companies that were coming public and could easily be bought and sold. You just pick a stock and buy it. Then you pray it goes up. Which most days it did.
Then it ended. Slowly by surely the air came out of the bubble and the stock markets declined and declined till the air was completely gone. The good news was that some people were able to see it coming and get out. The bad is that others were able to get out, but at significant losses.
If we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, it?s worse today.
In a bubble there is always someone with a ?great? idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story. In the tech bubble it was Broadcast.com, AOL, Netscape, etc. Today its, Uber, Twitter, Facebook, etc.
To the investor, its the hope of a huge payout. But there is one critical difference. Back then the companies the general public was investing in were public companies. They may have been horrible companies, but being public meant that investors had liquidity to sell their stocks.
The bubble today comes from private investors who are investing in apps and small tech companies.
Just like back then there were always people telling you their idea for a new website or about the public website they invested in, today people always have what essentially boils down to an app that they want you to invest in. But unlike back then when the dream of riches was from a public company, now its from a private company. And there in lies the rub.
People we used to call individual or small investors, are now called Angels. Angels. Why do they call them Angels ? Maybe because they grant wishes ?
According to some data I found, there are 225k Angels in the US. Like the crazy days of the internet boom, I wonder how many realize what they have gotten into ?
But they are not alone.
For those who can?t figure out how to be Angels. You can sign up to be part of the new excitement called Equity Crowd Funding. Equity Crowd Funding allows you to join the masses to chase investments with as little as 5k dollars. Oh the possibilities !!
I have absolutely not doubt in my mind that most of these individual Angels and crowd funders are currently under water in their investments. Absolutely none. I say most. The percentage could be higher
Why ?
Because there is ZERO liquidity for any of those investments. None. Zero. Zip.
All those Angel investments in all those apps and startups. All that crowdfunded equity. All in search of their unicorn because the only real salvation right now is an exit or cash pay out from operations. The SEC made sure that there is no market for any of these companies to go public and create liquidity for their Angels. The market for sub 25mm dollar raises is effectively dead. DOA . Gone. Thanks SEC. And with the new Equity CrowdFunding rules yet to be finalized, there is no reason to believe that the SEC will be smart enough to create some form of liquidity for all those widows and orphans who will put their $5k into the dream only to realize they can?t get any cash back when they need money to fix their car
So why is this bubble far worse than the tech bubble of 2000 ?
Because the only thing worse than a market with collapsing valuations is a market with no valuations and no liquidity.
If stock in a company is worth what somebody will pay for it, what is the stock of a company worth when there is no place to sell it ?
* * *
Mark Cuban on the market
I like Mark Cuban, he is a SMART guy..
Mark Cuban unleashes uncontestible exposition why is this bubble far worse than the tech bubble of 2000.
It is different this time... and, as Mark Cuban explains, far worse...
Ah the good old days. Stocks up $25, $50, $100 more in a single day. Day trading was all the rage. Anyone and everyone you talked to had a story about how they had made a ton of money on such and such a stock. In an hour. Stock trading millionaires were being minted by the week, if not sooner.
You couldn?t go anywhere without people talking about the stock market. Everyone was in or new someone who was in. There were hundreds of companies that were coming public and could easily be bought and sold. You just pick a stock and buy it. Then you pray it goes up. Which most days it did.
Then it ended. Slowly by surely the air came out of the bubble and the stock markets declined and declined till the air was completely gone. The good news was that some people were able to see it coming and get out. The bad is that others were able to get out, but at significant losses.
If we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, it?s worse today.
In a bubble there is always someone with a ?great? idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story. In the tech bubble it was Broadcast.com, AOL, Netscape, etc. Today its, Uber, Twitter, Facebook, etc.
To the investor, its the hope of a huge payout. But there is one critical difference. Back then the companies the general public was investing in were public companies. They may have been horrible companies, but being public meant that investors had liquidity to sell their stocks.
The bubble today comes from private investors who are investing in apps and small tech companies.
Just like back then there were always people telling you their idea for a new website or about the public website they invested in, today people always have what essentially boils down to an app that they want you to invest in. But unlike back then when the dream of riches was from a public company, now its from a private company. And there in lies the rub.
People we used to call individual or small investors, are now called Angels. Angels. Why do they call them Angels ? Maybe because they grant wishes ?
According to some data I found, there are 225k Angels in the US. Like the crazy days of the internet boom, I wonder how many realize what they have gotten into ?
But they are not alone.
For those who can?t figure out how to be Angels. You can sign up to be part of the new excitement called Equity Crowd Funding. Equity Crowd Funding allows you to join the masses to chase investments with as little as 5k dollars. Oh the possibilities !!
I have absolutely not doubt in my mind that most of these individual Angels and crowd funders are currently under water in their investments. Absolutely none. I say most. The percentage could be higher
Why ?
Because there is ZERO liquidity for any of those investments. None. Zero. Zip.
All those Angel investments in all those apps and startups. All that crowdfunded equity. All in search of their unicorn because the only real salvation right now is an exit or cash pay out from operations. The SEC made sure that there is no market for any of these companies to go public and create liquidity for their Angels. The market for sub 25mm dollar raises is effectively dead. DOA . Gone. Thanks SEC. And with the new Equity CrowdFunding rules yet to be finalized, there is no reason to believe that the SEC will be smart enough to create some form of liquidity for all those widows and orphans who will put their $5k into the dream only to realize they can?t get any cash back when they need money to fix their car
So why is this bubble far worse than the tech bubble of 2000 ?
Because the only thing worse than a market with collapsing valuations is a market with no valuations and no liquidity.
If stock in a company is worth what somebody will pay for it, what is the stock of a company worth when there is no place to sell it ?
* * *
You lie all the frigging time?! What the hell are you talking about? You do realize you've been caught lying in print on this website right? How many times have you said you're not a racist and like a week ago you made a totally racist comment in a post about my grandsons? You're lying right now for fucks sake. Good grief hedge.
actually I don't lie. You do all the time...I never said a damn thing about your grandsons :facepalm: as usual you ruin every thread I post in...
I stand by what I have said in this thread :sadwave:
So you apologizing and stating that what you said in a previous post was "wrong, and to enjoy my grandkids" was not referring to a racially insensitive comment made in your previous post? You know what, forget it, this is a waste of time. Of course you're a racist bigot. Of course you stand by what you said, because you have no point of reference to know the difference between truth and lies. You've come to believe your own bullshit.
I didn't ruin your thread either bubbacakes. You're so predictable hedge. In an earlier post regarding some additional bullshit you were typing, you ended the post with hope this helps. Here is where you make a futile attempt to bullshit your way through this, but you put that little line in there strictly to draw my attention and now you cry when you receive it. As I've told you before, you cooked this cupcake, you eat it.
I may have ruined your lie but the thread is fine.
Hope this helps,
FDC
Ok ole' honest one.....do you stand behind what you edited out below in the Political Thread 2.24.15....I wonder if anyone saved a screen shot of it before you edited.....:0corn
http://www.madjacksports.com/forum/newreply.php?do=newreply&p=3820942
Just go ahead and ask him. . . Did he really have inside information on the cote d'voire team in the last World Cup?
Come on hedgie, explain yourself....what were you trying to say to FDC in the Politics Thread.....need your memory refreshed, just say so as I may be able to help you.......:0008:0008
