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 Money Talk
 | re: Margin Call - GrantTheFan on 5/17/13 at 8:32 pm
You borrow the money to buy the stock(s). Most brokerages have some minimum account value threshold before they'll allow you to have margin privileges. There can be varying levels of margin allowed, but it's generally a 30% minimum, so for example if you have 10k in equity, you can margin up to 7k...
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New Orleans Saints Talk
| re: Archie Manning - GrantTheFan on 5/16/13 at 12:04 am
I was a big Archie fan as a kid. Keep in mind, it was a completely different game. 90 - 95% of plays were run from a two wide receiver, one tight end, power I formation. The passing game was designed to stretch the field, Bill Walsh was in the early stages of introducing the West Coast, dink and ...
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O-T Lounge
| re: Looking for Cypress 5' swing - GrantTheFan on 5/6/13 at 10:57 am
Government Street hardware has several different sizes....
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Money Talk
| re: Sharia banking - GrantTheFan on 5/3/13 at 11:24 am
This is his response to mortgages/refi's:
The mortgage is setup as a lease/rent to own, where a trust owned by the bank buys the home then transfers it to the customer when they have made all payments. The customer gains the ownership stake with each payemt, so to refinance a new 'trust' is set ...
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Money Talk
| re: Sharia banking - GrantTheFan on 5/2/13 at 10:23 pm
The company I work for sells, among other things, a core banking software system that has an Islamic Banking module. I don't know much about it, but on my last assignment I worked with a guy that specializes in it and he told me that behind the scenes, everything processes just like normal loans/de...
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New Orleans Saints Talk
| re: Hartley FG to Super Bowl vs. Gleason block against Falcons- crowd noise - GrantTheFan on 5/1/13 at 10:06 pm
I was in the same seats for both and I'd say Gleason's block. As awesome as the kick and super bowl were, for that falcon's game we were coming off a really, really hard year and just to be back in the dome had an energy I've never felt before or since and when he blocked that punt, well, it was li...
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Money Talk
| re: Online Broker Recommendations? - GrantTheFan on 5/1/13 at 9:22 pm
I did eTrade for a couple years and there always seemed to be some issue that popped up and customer service wasn't great. I transferred the account to Scottrade mostly because there's an office 5 minutes from my house and I figured when something comes up, at least I can go in and talk to somebody...
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Money Talk
| re: Apple up over 10% and $47 since last week....what do we see first $500 or $400 - GrantTheFan on 4/29/13 at 2:57 pm
I'm in as far as I'm willing to go with it now, so I'm hoping to see $500 before $400. It should have a pretty solid floor with the capital allocation plan announced last week, which can keep it steady through the summer, imo. Hopefully, they have a pretty good refresh cycle announcement, a 5S sho...
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Money Talk
| re: Calling all Baton Rouge Real Estate Gurus - GrantTheFan on 4/23/13 at 10:33 pm
I know the sellers, very nice couple and they did a really good job on the remodel. The house is solid as a rock, maintenance costs shouldn't be much of an issue. I'm in the market and would buy it in a heartbeat if the price was realistic, but it's 30-40k over-priced according to my realtor and t...
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Money Talk
| re: Apple is approaching $400....would you buy it before earnings? - GrantTheFan on 4/18/13 at 11:49 am
Lots of good opinions in here. My strategy is pretty simple and I'm applying it to AAPL. If you believe that aapl will never again introduce new products that the market embraces and buys in quantity, then it's not a buy. If you believe aapl will in the future introduce new products that the mark...
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O-T Lounge
| re: Any United or US Airways FF's in here? - GrantTheFan on 4/12/13 at 10:14 am
No Golfer, we get the FF credit - they incorporate the frequent flyer numbers when they book - the big thing is that in total I have a lot of points, but they're spread out across about 4 different airlines, but I use points.com to bring them all together and have been fairly happy with that....
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Money Talk
| re: Wise men of the MT re: APPLE investment - GrantTheFan on 4/11/13 at 11:37 pm
I'm in at about 475 avg. There's just terrible sentiment right now, but it needs a few more downgrades I think to really be able to start a consistent move back up. Once everybody capitulates, it'll be fine - so I'd wait a bit with earnings coming soon, their 3rd quarter is never great so guidance...
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O-T Lounge
| re: Any United or US Airways FF's in here? - GrantTheFan on 4/11/13 at 11:15 pm
I fly pretty regularly for work and end up on all the airlines because my company books on orbitz for business. It isn't unusual to leave btr on Delta, get on a USAir in Atlanta, then come home on American. Flying up the East Coast I end up on United quite a bit. In my experience, Delta is the wo...
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Money Talk
| re: Finance Car vs Put more $ in a Clunker - GrantTheFan on 12/26/12 at 5:18 pm
That's not really a lot of miles for that car - an accord that's been reasonably maintained should go 300k miles without a major system failure - engine / transmission. A wise man once told me that my car wasn't worth what he was willing to give me, but was actually worth what it would cost me to r...
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O-T Lounge
| re: Girlfriend's dad has brain cancer... - GrantTheFan on 12/26/12 at 5:05 pm
Prayers sent, man. I went from helping my dad split a bunch of firewood one weekend to him being diagnosed with kidney cancer the next week and burying him in less than 6 months. It's a tough time. I seemed to handle it a lot better than my brother. All I can say is be there for her, be patient ...
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O-T Lounge
| re: % of people that could actually work from home if given the chance - GrantTheFan on 12/26/12 at 4:42 pm
Damn, sounds like we have the same job. Contrary to what a lot of people think, I don't find it difficult to get stuff done. I set up a bedroom as an office and its no big deal to settle in and work when I need to. But I'll admit I can get the work done in a few hours a day. The freedom to arran...
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O-T Lounge
| re: iPad costs question - GrantTheFan on 12/26/12 at 9:54 am
I bought the 4G capable iPad to add to my Verizon service mostly because I travel a lot for work and didn't want to deal with constantly searching for wifi when out and about. I love it and am surprised at how handy it is - but if you're mostly going to use it at home, you should probably save the ...
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O-T Lounge
| re: Driving CLT to LCH - GrantTheFan on 12/21/12 at 10:29 am
I did Providence, RI, to Baton Rouge, with a couple hours in a rest stop somewhere in TN. I love long distance driving though....
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Money Talk
| re: Advice on starting a DGR portfolio. - GrantTheFan on 12/20/12 at 3:46 pm
As previously said commissions will eat you up. Look at motifinvesting, I think their model facilitates this a little better than standard online brokers....
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Money Talk
| re: Thoughts on Seeking Alpha? - GrantTheFan on 12/20/12 at 2:46 pm
There's a ton of information, a lot of it terrible, but I've found it to be a useful tool - especially when looking for varying views surrounding the basket of stocks I trade. As long as its just part of your total information source I recommend it. As you dig around it, you'll discover some of th...
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O-T Lounge
| re: Best/most effective way to quit smoking? - GrantTheFan on 11/23/12 at 11:20 pm
Just be a man, Nacho. I know you got it in you....
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Political Talk
| re: A Poll I'm conducting: Please Participate - GrantTheFan on 10/31/12 at 10:58 am
Yes
McCain
Yes
Romney...
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Money Talk
| re: Possible Apartment Complex Purchase - GrantTheFan on 10/21/12 at 10:19 pm
Those taxes look really low, like it hasn't been assessed in a while - the sale will change that. Find out what the taxes will be if its assessed at or near your sales price. Also, try to structure it so that you're locking in your interest rate now, even if you pay a little above market. A quart...
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O-T Lounge
| re: Would you pay a speeding ticket you got in France? - GrantTheFan on 10/19/12 at 9:16 am
The rental agreement you signed probably gives them the right to charge your credit card, because they're most likely going to have to pay that ticket. But if it doesn't or they just don't charge it, I wouldn't pay it....
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Money Talk
| re: I would like to start online trading but have very little knowlege about it - GrantTheFan on 10/17/12 at 7:20 pm
Like others have said, if you don't know what you're doing you'll probably lose more than you win. To day trade, you're goin to need margin privileges, which you aren't going to get with $300. There are tons of good books out there, go to B & N and browse some, pick out a couple that seem interest...
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O-T Lounge
| re: Ipad 2 vs New Ipad - GrantTheFan on 10/17/12 at 10:28 am
Well, it depends what work is requiring you to do with it. Right now, you should be fine with the 2. If you're going to have to upgrade to iOS 7 next year, it may run slower than you'd like. It just depends on the nature of your required usage...
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Money Talk
| re: Is "walking away" from a mortgage wrong? - GrantTheFan on 10/16/12 at 11:17 pm
I see it, but my opinion, and that's what it is, an opinion, is that your word is only kept if you make up the difference on what you owe and what the bank gets for it. And if you did make that difference up, walking away wouldn't accomplish anything. You promise to pay 100K in principal, but pay ...
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Money Talk
| re: Is "walking away" from a mortgage wrong? - GrantTheFan on 10/16/12 at 10:59 pm
[quote]No. We get it. It's just the worst case of using a straw man ever. [/quote]
Given that it's an analogy and not a strawman, I agree it would be pretty bad. But worst case ever? Pretty strong statement there, flask. Regardless, I'm sorry language isn't your strong suit and try as I might,...
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Money Talk
| re: Is "walking away" from a mortgage wrong? - GrantTheFan on 10/16/12 at 10:50 pm
Well, I think two things. One, the bank doesn't really believe your word. And two, even if they did, the market requires that your income and assets are verified, from both a business and regulatory perspective. So yeah, in reality, they don't think your word is worth very much, so on that we agr...
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Money Talk
| re: Is "walking away" from a mortgage wrong? - GrantTheFan on 10/15/12 at 11:40 pm
I suppose maybe I'm not clear in what I'm saying, but nowhere have I said mortgage lending is based on promises. It's a legal contract, that happens to include an individual promise to pay.
Walking away from anything can be justified in any number of ways. I interpreted Wiki's post to be asking...
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