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The Really Useless Thread

  • #75,681
  • Apr 15, 2012 3:06pm Apr 15, 2012 3:06pm
Quoting pkimnyc
there are high yield stuff that pays 7-8% div per year. those are nice holdings you might wanna think about building. you can do the math.
As soon as my income outweighs my expenses, which is finally starting to happen.
  • #75,682
  • Apr 15, 2012 3:06pm Apr 15, 2012 3:06pm
Quoting Rolland
A diversified portfolio of whatever high yield stuff, REITs/High dividend stocks/Bonds/Bond funds/Whatever high yield stuff is around just spread it around a lot with a huge amount of capital for a steady stream of income separate from trading.
usually consist of junk rating bonds. therefore the high yield.
  • #75,683
  • Apr 15, 2012 3:07pm Apr 15, 2012 3:07pm
Quoting gatorinla
even with starting 100$ account.. 1% a week. and it does not take the lifetime of a rat to become wealthy. you will be compounding it plus leverage. cherry pick. don't trade just to trade. book winnings.. at or near e-close is a good place to do it more times then not.
Nail on the head, exactly what I'm trying to avoid.

I've been finding recently that I can cherry pick more effectively by scanning a wide variety of crosses. Fits very well with my method and the amount of time I have to spend looking at charts.
  • #75,684
  • Apr 15, 2012 3:11pm Apr 15, 2012 3:11pm
Quoting fxjawn
fak real estate especially with wall streets ability to just destroy your asset at will and hang you out to dry...

deff be your own asset. trading is the only true recession proof business in my eyes...

passive income biz? fak pool your cash together and loan your money out holding bank accounts and paychecks as collateral... (payday loans) fuckin gold mine bro..

plus once u get a decent sized trading account it might as well be a passive income... 2-3 trades a week and your good
LOL I would make a great sleezy lender guy

I just want the peace of mind so I can go on adventures and not worry about missing a month or two of trading
  • #75,685
  • Apr 15, 2012 3:13pm Apr 15, 2012 3:13pm
Quoting USD-Bear
If you got the funds I would say
1. eliminate debt
2. invest large part of the rest in a commodity fund like Jim Rogers Agricultural Fund or/and Jim Rogers Int. Comm. Index Fund and don't trade with it at least for 10 years

If you don't got the funds I would say, ask yourself at what you are really good and exploit that to the limit and invest/trade after you have been successful
I think it would be cool to have a growth portfolio as well, however that's what my trading account is for from my perspective.

And trading is really what I'm most good at, I think.

And getting girls to clean my apt
  • #75,686
  • Apr 15, 2012 3:13pm Apr 15, 2012 3:13pm
Quoting Rolland
LOL I would make a great sleezy lender guy

I just want the peace of mind so I can go on adventures and not worry about missing a month or two of trading
lol well that would be a good one... pay your manager decent to watch your biz and the employees make 9 bucks an hour and your staff is only 2-3 ppl... lol
  • #75,687
  • Apr 15, 2012 3:15pm Apr 15, 2012 3:15pm
Quoting fxjawn
lol well that would be a good one... pay your manager decent to watch your biz and the employees make 9 bucks an hour and your staff is only 2-3 ppl... lol

How are you suggesting this, open up shop as one of those lenders? Like open my own cash advance place?
  • #75,688
  • Apr 15, 2012 3:16pm Apr 15, 2012 3:16pm
Quoting Rolland
How are you suggesting this, open up shop as one of those lenders? Like open my own cash advance place?
Why not. Tons of franchise opportunities out there.
  • #75,689
  • Apr 15, 2012 3:16pm Apr 15, 2012 3:16pm
BTW I really wanted to post a nice daily chart of the dollar index but there's nothing close that really looks that good.

She's been like that for such a long time now. Something's gotta give, she owes us some fresh new levels on the daily
  • #75,690
  • Apr 15, 2012 3:17pm Apr 15, 2012 3:17pm
Quoting Rolland
BTW I really wanted to post a nice daily chart of the dollar index but there's nothing close that really looks that good.

She's been like that for such a long time now. Something's gotta give, she owes us some fresh new levels on the daily
post a chart you bastard.
  • #75,691
  • Apr 15, 2012 3:17pm Apr 15, 2012 3:17pm
Quoting Rolland
I think it would be cool to have a growth portfolio as well, however that's what my trading account is for from my perspective.

And trading is really what I'm most good at, I think.

And getting girls to clean my apt
lol, than trade and exploit girls, the rest will come later
Don't be a hero. Don't have an ego. Always question yourself
  • #75,692
  • Apr 15, 2012 3:18pm Apr 15, 2012 3:18pm
Quoting Venice
Why not. Tons of franchise opportunities out there.
I'd have to see what kind of annual return I'd be looking at and compare it to a high yield portfolio. The return would probably be higher, however there are other things to take into consideration like the headaches of being a small business owner, which I probably can't even imagine.

So if the return is ridiculous and the risk is low, then it's definitely an option.
  • #75,693
  • Apr 15, 2012 3:20pm Apr 15, 2012 3:20pm
Quoting Rolland
I'd have to see what kind of annual return I'd be looking at and compare it to a high yield portfolio. The return would probably be higher, however there are other things to take into consideration like the headaches of being a small business owner, which I probably can't even imagine.

So if the return is ridiculous and the risk is low, then it's definitely an option.
There is this: http://www.lendingclub.com/

Seems like you'd get screwed over a lot here...
  • #75,694
  • Apr 15, 2012 3:21pm Apr 15, 2012 3:21pm
Quoting Rolland
How are you suggesting this, open up shop as one of those lenders? Like open my own cash advance place?
exactly.... its cheap to open and run... minimal staff needed..

as far as passive income with minimal worry its the best..

the rates they charge are insane and most ppl carry the loan just paying the min interest every month
legal sharking bro ...
  • #75,695
  • Apr 15, 2012 3:26pm Apr 15, 2012 3:26pm

Quoting pkimnyc
post a chart you bastard.
dreams do come true.
  • #75,696
  • Apr 15, 2012 3:27pm Apr 15, 2012 3:27pm
fuck forex

later
  • #75,697
  • Apr 15, 2012 3:27pm Apr 15, 2012 3:27pm
by far the best idea! one surely has to try out the goods before putting them out to "sell"!

Quoting USD-Bear
lol, than trade and exploit girls, the rest will come later
dreams do come true.
  • #75,698
  • Apr 15, 2012 3:34pm Apr 15, 2012 3:34pm
Quoting pkimnyc
post a chart you bastard.
Basically not shit to see here
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  • #75,699
  • Apr 15, 2012 3:35pm Apr 15, 2012 3:35pm
Quoting fxjawn
exactly.... its cheap to open and run... minimal staff needed..

as far as passive income with minimal worry its the best..

the rates they charge are insane and most ppl carry the loan just paying the min interest every month
legal sharking bro ...
I like the way you think, sir
  • #75,700
  • Apr 15, 2012 3:37pm Apr 15, 2012 3:37pm
Quoting USD-Bear
lol, than trade and exploit girls, the rest will come later
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