Stock Market

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  • davidtrios
    davidtrios Posts: 9,732
    A Good Investment:

    ‎"If you purchased $1,000 of shares in American Airlines one year ago, you would have $49.00 today. If you purchased $1,000 of shares in AIG, you would have $33.00 today. If you purchased $1,000 of shares in Lehman Brothers, you would have $0.00 today. But, if you purchased $1,000 worth of beer, drank all the beer, turned in the aluminum cans for recycling, you would have $214.00. Therefore, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg Plan."
  • 81
    81 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    Davidtrios wrote:
    A Good Investment:

    ‎"If you purchased $1,000 of shares in American Airlines one year ago, you would have $49.00 today. If you purchased $1,000 of shares in AIG, you would have $33.00 today. If you purchased $1,000 of shares in Lehman Brothers, you would have $0.00 today. But, if you purchased $1,000 worth of beer, drank all the beer, turned in the aluminum cans for recycling, you would have $214.00. Therefore, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg Plan."


    actually

    AMR would be worth ~530
    AIG ~608
    Lehman ~572

    drinking budweiser 24 pack cans from binny's at 14.99 + tax would yeild roughly 363 in cash, assuming each can is half an ounce of alluminum and you can sell it for 50 cents per pound

    :mrgreen:


    i'm just going to assume your numbers are old, as lehman went from big bucks to pennies. last year it was at 7 cents per share
    81 is now off the air

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  • The Juggler
    The Juggler Posts: 49,598
    30 yr fixed rate...4.25% with NO FEES. :o:o ....other places lower than that. nuts.

    i know, i know, that's no the stock market but the two are intertwined. been doing this 10 years and i'm amazed every time i've priced out a loan these past 2 weeks. it's incredible how low these rates are.
    www.myspace.com
  • davidtrios
    davidtrios Posts: 9,732
    my buddy said in some cases, he has seen 3.875%
  • rick1zoo2
    rick1zoo2 between a rock and a dumb place Posts: 12,632
    xavier mcdaniel wrote:
    rick1zoo2 wrote:
    buy low, sell high. so I would be buying now

    and what should we buy?


    ask him:

    http://finance.fortune.cnn.com/2011/08/ ... ?hpt=hp_t2
  • The Juggler
    The Juggler Posts: 49,598
    Davidtrios wrote:
    my buddy said in some cases, he has seen 3.875%

    on a 30 yr?.....paying about 2 pts for that here. might find some places with 1.5 pts.

    depending on your situation, though, that could certainly be worth it.
    www.myspace.com
  • 81
    81 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    fuckin points.

    :roll:

    mortages are the biggest scam this side of DC. no offense jugs. :lol:

    the market is just nutty right.
    81 is now off the air

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  • The Juggler
    The Juggler Posts: 49,598
    81 wrote:
    fuckin points.

    :roll:

    mortages are the biggest scam this side of DC. no offense jugs. :lol:

    the market is just nutty right.
    :mrgreen:
    www.myspace.com
  • Black Diamond
    Black Diamond Posts: 25,109
    The Juggler wrote:
    81 wrote:
    fuckin points.

    :roll:

    mortages are the biggest scam this side of DC. no offense jugs. :lol:

    the market is just nutty right.
    :mrgreen:
    Don't blame Jugs..

    Blame me :twisted:
    GoiMTvP.gif
  • 81
    81 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    Black Diamond wrote:
    The Juggler wrote:
    81 wrote:
    fuckin points.

    :roll:

    mortages are the biggest scam this side of DC. no offense jugs. :lol:

    the market is just nutty right.
    :mrgreen:
    Don't blame Jugs..

    Blame me :twisted:

    :evil: :evil: :evil:

    fucker

    :lol:

    i'll never quite get the concept of paying to borrow. i just don't get how auto loans can be so damn simple, but you do a home loan and you have 86 pages of shit, and 57 fee's :roll:
    81 is now off the air

    Off_Air.jpg
  • The Fixer
    The Fixer Posts: 12,837
    My financial planner sent out an email today about this stuff...


    Interest rates for a 30-year fixed rate mortgage are now 4.25%, APR 4.3218

    Interest rates for a 15-year fixed rate mortgage are now 3.375%, APR 3.5545

    Interest rates for a 10-year fixed rate mortgage are now 3.25%, APR 3.4086


    When interest rates are this low, it makes sense to refinance and even consider going from a 30-year to a 15-year mortgage. In some cases, if you drop to a 15-year mortgage, your payment may remain the same as it is now, depending on your current rate. However, your principal payment may quadruple.
  • The Juggler
    The Juggler Posts: 49,598
    81 wrote:
    Black Diamond wrote:
    The Juggler wrote:
    :mrgreen:
    Don't blame Jugs..

    Blame me :twisted:

    :evil: :evil: :evil:

    fucker

    :lol:

    i'll never quite get the concept of paying to borrow. i just don't get how auto loans can be so damn simple, but you do a home loan and you have 86 pages of shit, and 57 fee's :roll:

    look at it this way: i work for the mafia. there's always gonna some juice. :lol:

    you don't have to pay points obviously but the bank's gonna get you either in a higher rate or higher fees. for points to make sense, it all depends on your break even point and how long you're staying in the house, yada, yada, yada...everyone wins with rates this low right now though.

    bond's down slightly....rates might dip again today :mrgreen:


    edit: and regarding all the fucking pages you have to sign? blame your federal government. anyone who has seen the new good faith estimate as opposed to the old one knows what i'm talking about. :roll: they tried to make it more "user friendly." only the government can take a one page, relatively simple, piece of paper and spread it out into 4 pages and call it more "user friendly."
    www.myspace.com
  • davidtrios
    davidtrios Posts: 9,732
    It's down 500 points already. :shock:
  • 81
    81 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    Davidtrios wrote:
    It's down 500 points already. :shock:


    :crazy:
    81 is now off the air

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  • davidtrios
    davidtrios Posts: 9,732
    http://www.youtube.com/watch?v=4-lbIfaqm0U
  • davidtrios
    davidtrios Posts: 9,732
    down almost 600 in the last two days

    :shock:
  • 81
    81 Needing a ride to Forest Hills and a ounce of weed. Please inquire within. Thanks. Or not. Posts: 58,276
    it's been a yo yo the last few months...

    i'm up about 16% off my summer low.

    although my summer low was about 22% off my spring high.
    81 is now off the air

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  • FenwayFaithful
    FenwayFaithful Posts: 8,626
    I didnt know you were a finance guru 81
    "FF, I've heard the droning about the Sawx being the baby dolls. Yeah, I get it, you guys invented baseball and suffered forever. I get it." -JearlPam0925
  • dcfaithful
    dcfaithful Posts: 13,076
    I'm an idiot with stuff like this and the stock market confuses me. Majorly. I am horrible at numbers.

    Until I get the balls and wild hair to learn more, I'm just going to keep bulking up my money market 401k. Capitalizing on my employer's match. 8-)
    7/2/06 - Denver, CO
    6/12/08 - Tampa, FL
    8/23/09 - Chicago, IL
    9/28/09 - Salt Lake City, UT (11 years too long!!!)
    9/03/11 - East Troy, WI - PJ20 - Night 1
    9/04/11 - East Troy, WI - PJ20 - Night 2
  • davidtrios
    davidtrios Posts: 9,732
    dcfaithful wrote:
    I'm an idiot with stuff like this and the stock market confuses me. Majorly. I am horrible at numbers.

    Until I get the balls and wild hair to learn more, I'm just going to keep bulking up my money market 401k. Capitalizing on my employer's match. 8-)


    my employer matches 50% up to 5% -cheap fucks :|

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