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nnnotime posted:Well, that's surprising. Whether he's a scumbag or not, have to give him credit as you don't see many CEO-types putting themselves out there like that. Honestly it seems like the precursor to a melt down of some sort. It seems like he's really upset that people don't like him. quote:Its so painful...huge losses..all my savings are gone..It was purely management's irresponsibility that made all of us loose money here..I have two little kids and when I see thier face this morning, I can't stop crying...very pathetic... look I feel bad but this 'purely management's irresponsibility' thing irritates me. it's irresponsible to put all your savings in a speculative tech stock. Flavahbeast posted:why would you bet your whole savings on a single tech stock, why did so many people do that fuckin' greed. Moridin920 fucked around with this message at 05:13 on Nov 22, 2015 |
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Nov 22, 2015 05:09
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Flavahbeast posted:why would you bet your whole savings on a single tech stock, why did so many people do that Hey baby, imagine if the stocks went up up up!!! That one person could have afforded the best care for their special needs kid possible!
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Nov 22, 2015 05:12
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For everyone interested in investing, get some reading in before you begin. Following a passive investment strategey (index funds) with a naive allocation (such as 60% equity and 40% fixed income (bonds)) that your re-balance one to four times a year will be a decent strategy. Lots of good info on it is out there. Some places to start is our own subforum or bogleheads.com (dedicated to the guy who started Vanguard) If you're looking for more, consider value investing. Over time, it is really the only philosophy that has had long term success. There are tons of cavets so educate yourselft, or find a professional that has such a philosophy. I recommend reading anything by Joel Greenblatt, Seth Klarman or Ben Graham as a begining to understand what value investing is. Four other pieces of advice 1. If you don't understand it, don't touch it 2. Diversify your risk 3. Understand how behavior influneces the markets 4. Bulls make money, bears make money, pigs get slaughtered (don't be greedy) All in all, don't chase mythical riches with your hard earned monies, but investing is a good thing. Junkyard Poodle fucked around with this message at 05:33 on Nov 22, 2015 |
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Nov 22, 2015 05:29
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so he wanted unlimited gains but limited losses huh
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Nov 22, 2015 06:04
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Invest in silver. Every electronic uses it and there is a finite amount. I will be worth more than gold and diamons one day.
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Nov 22, 2015 06:26
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Flavahbeast posted:why would you bet your whole savings on a single tech stock, why did so many people do that It's even worse when you consider that while all this was happening we were experiencing an incredible bull market. They could have invested in most anything and made money with far less risk. And even if Apple had bought the sapphire screens...it's not like being an Apple supplier is the pathway to huge profits. Apple is brutal with its suppliers. Essentially you get lots of business at low margins that maybe gets you more business with other companies at higher margins.
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Nov 22, 2015 14:39
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Why not just Buy Low, Sell High?
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Nov 22, 2015 15:03
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I seriously get really happy reading stories about people doing ultra retarded poo poo with the stock market and losing their asses and jumping out of windows, post more.
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Nov 22, 2015 15:06
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Flesh Forge posted:I seriously get really happy reading stories about people doing ultra retarded poo poo with the stock market and losing their asses and jumping out of windows, post more. I agree. Unfortunately (?) it's a zero-sum game. So for every financial schadenfreude story we get, some other rear end in a top hat(s) are raking it in with no effort and laughing at all us wage-slaves too scared to play the game. At least we're doing better than that particular "Jones" I guess.
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Nov 22, 2015 15:25
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I spent all my savings on cured ham. Once ham prices go up... i'll be golden
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Nov 22, 2015 15:32
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I invested all of my savings into a dildo manufacturing plant.  How could it go wrong?
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Nov 22, 2015 16:03
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Tactical Lesbian posted:I invested all of my savings into a dildo manufacturing plant. For all the good that investment was, you could have shoved that money up yer arse.
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Nov 22, 2015 16:10
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Fiend posted:For all the good that investment was, you could have shoved that money up yer arse. Either way, the end result is the same.
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Nov 22, 2015 16:40
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Flavahbeast posted:why would you bet your whole savings on a single tech stock, why did so many people do that Plenty of morons make mistakes like that but usually when they're young and inexperienced How the hell did this guy make it to 67 and not forget to stop breathing: quote:I am holding : Staking your entire life savings into one stock no matter how promising isn't a mistake, thats willful ignorance
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Nov 22, 2015 16:47
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So is Vanguard the best place to start your stock market journey?
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Nov 22, 2015 17:54
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Tony Homo posted:So is Vanguard the best place to start your stock market journey? Invest in gold. G. Gordon Liddy told me to do that on the television.
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Nov 22, 2015 17:56
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Professor Shark posted:Why not just Buy Low, Sell High?
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Nov 22, 2015 18:21
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Tony Homo posted:So is Vanguard the best place to start your stock market journey? It's the best option until it isn't. There's no guarantee. I got $500 for graduation that I put in a mutual fund that had ridiculously good returns with stable Fortune 500 stocks. Ends up I invested at the exact time they decided to both increase fees and poo poo themselves. I lost half my money. Sometimes you just aren't going to win, regardless of how much you plan.
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Nov 22, 2015 19:13
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Hector Beerlioz posted:Invest in gold. G. Gordon Liddy told me to do that on the television. I don't want to live in a world where you can't trust convicted felon G. Gordon Liddy
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Nov 22, 2015 21:31
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Jesus, that GTAT thread is loving awesome and gut-wrenchingly horrible at the same time. I'm amazed at the number of people in that thread that didn't even understand what "bankruptcy" means in terms of common stock. There must have been twenty people that asked "so when can we start trading it again?".... and these are people who have their entire net worth in a rinky-dink speculative tech stock? That's insanity, we learned in eleventh-grade economics that common stockholders are the last people paid in bankruptcy proceedings. I alternate between feeling bad for the old people and wanting to shake their liver-spotted heads "WHAT THE gently caress ARE YOU THINKING"
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Nov 22, 2015 22:54
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Post more Wall Street horror stories stories so that every time I get tempted to look into gambling on the stock market I remember this thread and rear back as if physically struck. Thanks in advance.
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Nov 23, 2015 00:43
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What's hosed up about that investment website is thay users there can like posts but we here can't.
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Nov 23, 2015 00:45
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Let's all take a break and listen to some awesome Bruce Springsteen
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Nov 23, 2015 00:53
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Hector Beerlioz posted:What's hosed up about that investment website is thay users there can like posts but we here can't.
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Nov 23, 2015 02:15
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if you like a poster enough you should sacrifice your shekels to Lowtax all hail
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Nov 23, 2015 03:15
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http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-technologies-inc-gtat.69/page-527#post-25571quote:This would be my last post on this forum. I am officially signing off. Thanks for all the contributions. I am still in shock and all the money is gone and I owe $107K in margin accounts. I have prepare my profit and loss for filing a case and here the final numbers. This is a lesson for everybody not to be greedy and stupid. These are just stocks, options of around $140K is not in there. 
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Nov 23, 2015 04:35
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A Neurotic Jew posted:http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-technologies-inc-gtat.69/page-527#post-25571
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Nov 30, 2015 08:07
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why would anybody give this idiot money for short selling and failing at it
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Nov 30, 2015 08:15
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Some cool and good big words ITT A nice reminder that not only does the bougeosie own and control all the money and the land, they own and control the language too
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Nov 30, 2015 08:17
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Flavahbeast posted:why would you bet your whole savings on a single tech stock, why did so many people do that Boiler Room is a good movie
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Nov 30, 2015 08:52
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proof of concept posted:Boiler Room is a good movie Quick: Boiler Room OR Margin Call???
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Nov 30, 2015 10:15
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I've never seen Margin Call, does that one have Vin Diesel in it too?
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Nov 30, 2015 11:47
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No but it has Kevin Spacey, guy from The Mentalist, and the new Spock
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Nov 30, 2015 12:29
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Don't pick stocks, and really don't do what this guy did lol.
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Nov 30, 2015 12:30
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I have a very meager savings account that I just let rot in the bank, so it's always good when threads like this come around to discourage me from doing any investing, I'd be better off just blowing some money on a holiday. Also thread made me watch Margin Call, fun movie.
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Nov 30, 2015 13:18
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ProperCoochie posted:Some cool and good big words ITT poo poo everyone having a pension is bourgeoise, best kill our are selfs now
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Nov 30, 2015 15:18
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Professor Shark posted:No but it has Kevin Spacey, guy from The Mentalist, and the new Spock The slimy blonde dude or the hilarious Asian dude?
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Nov 30, 2015 15:45
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The slimy blonde dude
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Nov 30, 2015 16:26
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prinneh posted:I have a very meager savings account that I just let rot in the bank, so it's always good when threads like this come around to discourage me from doing any investing, I'd be better off just blowing some money on a holiday. Don't think like that. Invest your money. If you don't know what you're doing then go speak to a bunch of Financial Advisors and pick one you like that understands what you're trying to have your money do. Think of investing as a way to preserve your money's value and not as a way to make you rich. After a few years you'll start to understand it better and be able to make informed decisions along with your FA. Finding the right person is the biggest part though. Don't settle, find someone you like and trust. Someone who let's you say "no" to them.
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Nov 30, 2015 20:51
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Thanks to this thread I liquidated all in my savings account and put all of the money in Haitian penny stocks my investment will pay off anytime now
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Nov 30, 2015 21:05
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