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Make me rich quickly!

Posted on 12/30/09 at 9:56 am
Posted by Big Fat
"Fear the Hat" returns 2010
Member since Sep 2009
5404 posts
Posted on 12/30/09 at 9:56 am
I have some money to invest and I'd like one of you to guide me. Id like to turn a quick buck.

Which of you is good at day trading or short term trading? We'll use my money and your expertise. We'll post results here as we go.

Any takers?
Posted by Cash
Vail
Member since Feb 2005
37594 posts
Posted on 12/30/09 at 10:02 am to
This will end well.
Posted by Big Fat
"Fear the Hat" returns 2010
Member since Sep 2009
5404 posts
Posted on 12/30/09 at 10:08 am to
Hopefully
Posted by 756
Member since Sep 2004
15782 posts
Posted on 12/30/09 at 10:22 am to
and what cut do we get ?
Posted by TigerDeacon
West Monroe, LA
Member since Sep 2003
29864 posts
Posted on 12/30/09 at 10:36 am to
quote:

I have some money to invest and I'd like one of you to guide me. Id like to turn a quick buck.

Which of you is good at day trading or short term trading? We'll use my money and your expertise. We'll post results here as we go.

Any takers?


I will offer you the best deal you will find on the Money Talk board: Give me your money and I guarantee I will give the exact amount back to you in ten years.
Posted by LSURussian
Member since Feb 2005
133674 posts
Posted on 12/30/09 at 10:44 am to
quote:

I have some money to invest
quote:

short term trading
How much cash are we talking about here?
Posted by Putty
Member since Oct 2003
25897 posts
Posted on 12/30/09 at 10:50 am to
quote:

I will offer you the best deal you will find on the Money Talk board: Give me your money and I guarantee I will give the exact amount back to you in ten years.


I'll match that, but I'll even give you a money back guarantee!
Posted by Martavius
Member since Nov 2005
16019 posts
Posted on 12/30/09 at 11:34 am to
Iraqi Dinars is the way to go.
Posted by LSURussian
Member since Feb 2005
133674 posts
Posted on 12/30/09 at 11:56 am to
I believe it was John D. Rockefeller who said the secret to getting rich was to work hard, get up early.....and strike oil.
Posted by Zilla
Member since Jul 2005
10644 posts
Posted on 12/30/09 at 12:23 pm to
should I get in on this thread?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/30/09 at 1:09 pm to
Porkbellies, my friend. Put it all in pork bellies.
Posted by calminvestor
USA
Member since Dec 2009
31 posts
Posted on 1/8/10 at 11:15 pm to
Seek information, not $. Ironically, the $ will follow.

The Smartest Investment Book You'll Ever Read by author Daniel R. Solin.

Have a good day.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/8/10 at 11:26 pm to
Day trading isn't worth it unless you are Forbes 400 rich.
Posted by calminvestor
USA
Member since Dec 2009
31 posts
Posted on 1/8/10 at 11:35 pm to
And you still won't win, even if you are rich. The amount of money you've got is irrelevant. You're trying to time and untimeable market. The market has always beaten the "market timers" over the long term, hands down.
Posted by SloMeaux
Member since Sep 2004
23134 posts
Posted on 1/8/10 at 11:51 pm to
The people on the money talk board are the richest people on tigerdroppings.
Posted by lynxcat
Member since Jan 2008
25032 posts
Posted on 1/9/10 at 1:33 am to
quote:

And you still won't win, even if you are rich. The amount of money you've got is irrelevant. You're trying to time and untimeable market. The market has always beaten the "market timers" over the long term, hands down.


Semi-strong efficiency maybe?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/9/10 at 5:45 am to
quote:

And you still won't win, even if you are rich. The amount of money you've got is irrelevant. You're trying to time and untimeable market. The market has always beaten the "market timers" over the long term, hands down.


Not quite. If you have tons and tons of money, then you can afford to invest in the best analysts and trading programs, just like a major Wall Street firm does. However, edge you gain is pretty small which is why a truly big bankroll is required.
Posted by gpttigers
Katy, TX
Member since May 2005
973 posts
Posted on 1/9/10 at 6:59 am to
Buy low and sell high. Simple isn't it. When the Dow was at 6,500 that should have been your sign. Investing should never be emotional. Set buy and sell points and stick to it.
Posted by calminvestor
USA
Member since Dec 2009
31 posts
Posted on 1/9/10 at 8:15 am to
foshizzle,

the best analysts cannot forecast what the market will do. the best "trading programs" cannot forecast what the market will do.
And no, major Wall Street firms sell you on this crap about trading and market timing. They invest their money in smart investments - they are institutional investors who use funds like DFA funds and yes, Vanguard.
Try these websites - LINK and LINK
I suggest you read instead of guess in the future. You are very behind the curve when it comes to your understanding of investing. Invest your time into reading and learning. You're still believing that same old crap that allowed Wall Street to put their foot on our necks. Better get going.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 1/9/10 at 9:02 am to
Porkbellies? That's yesterday's news. GM and Chrysler are where the smart money is going now. You can't get better management than the U.S. government and the UAW.
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