- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Any GOT WEALTHY but did NOT STAY WEALTHY stories or lessons to share?
Posted on 2/22/22 at 2:49 pm to Turf Taint
Posted on 2/22/22 at 2:49 pm to Turf Taint
Just my rules:
1- separate investment and trading.
- My investments are long term and dividends. Things like AAPL... or CLM (yep I still have it and get that monthly divi!)
- My trading is selling calls or puts on stocks that I expect to have to sell or to buy(puts). These are generally stocks I don't mind holding. Examples here.. Today I purchased AAL 20 cents below the $17.5 strike. I immediately sold calls on the $17.50 for $35 each. I did this on several stocks.
2- Do not over look passive incomes of any kind. For me, I own or invest into several companies that require little to none of my time. One example is mining crypto. It takes little of my time. But every day I make money!
I really enjoy the things I do. It makes a huge difference!
1- separate investment and trading.
- My investments are long term and dividends. Things like AAPL... or CLM (yep I still have it and get that monthly divi!)
- My trading is selling calls or puts on stocks that I expect to have to sell or to buy(puts). These are generally stocks I don't mind holding. Examples here.. Today I purchased AAL 20 cents below the $17.5 strike. I immediately sold calls on the $17.50 for $35 each. I did this on several stocks.
2- Do not over look passive incomes of any kind. For me, I own or invest into several companies that require little to none of my time. One example is mining crypto. It takes little of my time. But every day I make money!
I really enjoy the things I do. It makes a huge difference!
0
Posted on 2/22/22 at 3:10 pm to REB BEER
should find the big magazine article, maybe New Yorker
Posted on 2/22/22 at 3:15 pm to REB BEER
quote:
Anyone remember this story of brotherly love? Crazy to think what greed can make people do.
As I posted earlier just because they are family doesn’t mean you can trust them with your money.
Posted on 2/22/22 at 4:00 pm to Turf Taint
Apparently I'm working on one now - I'll get back to you in a couple months.
Posted on 2/22/22 at 6:00 pm to Turf Taint
quote:A ~55y/o financially-set Radiologist, was convinced to invest heavily with a builder and developer in a "can't miss" new shopping center. He was going to double his money ... guaranteed!
Any GOT WEALTHY but did NOT STAY WEALTHY stories or lessons to share?
The three of them supposedly shared equally in risk and profit. But the project went south. Both the builder and developer walked away.
The Radiologist was left holding the bag, and worked into his late 70's to maintain solvency. He died just after his 80th b'day. Sad and stupid.
Posted on 2/22/22 at 6:04 pm to NC_Tigah
Right after politicians and tied with lawyers on the top criminals list is developers.
Posted on 2/22/22 at 6:14 pm to GREENHEAD22
quote:Yep. Many lessons were afforded in that for a younger me.
Right after politicians and tied with lawyers on the top criminals list is developers.
Namely if the "investment" isn't publicly traded and/or in your personal wheelhouse, WATCH TF OUT! Especially if you are concomitantly working 70-80+hrs/wk at your ""real"" job.
Posted on 2/22/22 at 7:27 pm to Turf Taint
I made enough money to buy Miami
But I pissed it away so fast
Never meant to last
But I pissed it away so fast
Never meant to last
Posted on 2/22/22 at 8:15 pm to Turf Taint
quote:
Any GOT WEALTHY but did NOT STAY WEALTHY stories or lessons to share?
Anyone who invested in Yahoo in the 90s..
Posted on 2/22/22 at 8:17 pm to Turf Taint
Me, i didnt get wealthy.. BUT i did invest in TSLA in early 2016 at $42 per share.. got up to as high as $1200 last year.. now down to $800 …. 
Posted on 2/22/22 at 8:20 pm to BamaCoaster
quote:
I made enough money to buy Miami
But I pissed it away so fast
Never meant to last
Gotta go fishing down to rock bottom again
Posted on 2/23/22 at 12:23 am to Turf Taint
GameCoin investors got wealthy for a second but are now broke. The lesson - don’t invest in scams promoted by sport radio hacks and guys who cut grass.
Posted on 2/23/22 at 9:29 am to EA6B
quote:
As I posted earlier just because they are family doesn’t mean you can trust them with your money.
Exactly. That's what jogged my memory about the Knight situation. It's crazy to think a brother would do that to another.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News