Investing 102

[GregWeld]

Here's a real life STEADY EDDY "terbacky" (aka: Sin stock) stock... People poo poo stuff like this because they all want to own the big hitters... That, and nobody is talking about the price per share at the grocery store... LOL


I own 6,500 PHILIP MORRIS (PM) @ todays closing price $84.23 for a total of $547,495.00 market value -- My average cost per share is $68.55 for a total investment of $445,564.60 --- So I have an UNREALIZED capital gain of +$101,930.40


My first buy was 2/03/11 @ $57.80 per share

4 more buys at various levels on the way up for a total of SIX buy ins

My last buy was 2/10/12 @ $80.40 per share

The point here is -- I was scaling in -- I don't really care that the price went UP from where I first bought it -- in fact I'M VERY HAPPY it was doing that! It's doing EXACTLY what I want it to do!

My AVERAGE cost is still only $68.55 per share

And I've collected $8,700.00 in dividends along the way....


Again - everyones actual positions are going to be scaled to THEM... I'm just using a real life actual example to show the affects of scaling in.... and that I just INVESTED in a dividend paying stock that is boring to the maximum.... but I'm very happy owning it. I don't really care whether people are smoking or not (I don't and I hate smoking!) --- it's an INVESTMENT I can live with, even if the buyers of the product can't!

[Bucketlist2012]

Greg...

Thanks for talking with Albert... He seems young, hungry and smart..

He is one of the only people that bit into the thread I started , and seems to be running with it well..

I was foolish enough to almost start another one, but quickly realized that I was not welcome.. Oh well.

So my lesson learned is that i will comment on this thread and no others..

I learned my lesson. Albert will be the one that runs with it. I said if only one person did it... Albert is it..

Thanks for taking the time to help all of us..

No more new threads...

[toy71camaro]

Originally Posted by solarguy09

Greg...

Thanks for talking with Albert... He seems young, hungry and smart..

He is one of the only people that bit into the thread I started , and seems to be running with it well..

I was foolish enough to almost start another one, but quickly realized that I was not welcome.. Oh well.

So my lesson learned is that i will comment on this thread and no others..

I learned my lesson. Albert will be the one that runs with it. I said if only one person did it... Albert is it..

Thanks for taking the time to help all of us..

No more new threads...

I think the problem was, the few interested were looking for answers, not information/knowledge.

oh well. their loss.. hopefully MY GAIN! hahah

[GregWeld]

Originally Posted by toy71camaro

I think the problem was, the few interested were looking for answers, not information/knowledge.

oh well. their loss.. hopefully MY GAIN! hahah

Many many lazy people out there.... and they just don't want to have to do ANY work. That's their problem not ours.

When we're enjoying our well deserved retirement -- they'll be wondering how to downsize their house - their cars - their lives... to fit with the meager amount of money they have to live on. Sad.

[Bucketlist2012]

Originally Posted by GregWeld

Many many lazy people out there.... and they just don't want to have to do ANY work. That's their problem not ours.

When we're enjoying our well deserved retirement -- they'll be wondering how to downsize their house - their cars - their lives... to fit with the meager amount of money they have to live on. Sad.

Albert and Greg...

I got that reality on a new thread today...

" We don't need no stinking money management and investment Help"...Is what i was told...

I said well OK.... I tripled a portfolio in three years but whatever..No I DID NOT TELL THEM THAT...But I was a little upset.

But then I read their posts of turbos, and 2010 trades for 2012 cars, and I realized, give it up Mike...Move on...

So Albert..you found me at the right time...And now you have found the Elite crew here I told you about..

Yes, the others wanted the secret, or the easy answer... The others thought I am a Jerk for thinking their money management skills need work...Well they did, and do need work .

Almost ALL of them need it.. But I am learning when and who to help as not to look like a Jerk..

Because I am not one...If i was , I would NOT have tried to direct people here.. A jerk would have Tried to PLAY top dog on the other site...Haha, NOT ME..I bring you here where I am a Guppy compared to Greg...

But your knowledge was my passion, not my Ego...So I recommended smart people to help you..

For your effort, you will gain greatly...Others will lose long term..But I learned. Other than here I am a deaf Mute from now on, on ALL other sites..I learned

[toy71camaro]

Originally Posted by solarguy09

Albert and Greg...

I got that reality on a new thread today...

" We don't need no stinking money management and investment Help"...Is what i was told...

I said well OK.... I tripled a portfolio in three years but whatever..No I DID NOT TELL THEM THAT...But I was a little upset.

But then I read their posts of turbos, and 2010 trades for 2012 cars, and I realized, give it up Mike...Move on...

So Albert..you found me at the right time...And now you have found the Elite crew here I told you about..

Yes, they wanted the secret, or the easy answer...And I am a Jerk for thinking their money management skills need work...

A hello, almost ALL of them need it.. But I am learning when and who to help as not to look like a Jerk..

Because I am not one...If i was , I would NOT have tried to direct people here.. A jerk would have Tried to PLAY top dog on the other site...Haha, NOT ME..I bring you here where I am a Guppy compared to Greg...

But your knowledge was my passion, not my Ego...So I recommended smart people to help you..

For your effort, you will gain greatly...Others will lose long term..But I learned. Other than here I am a deaf Mute from now on, on ALL other sites..I learned

Don't let a bad apple ruin the tree. let it roll off your back and move on. people get jealous of other successful people. its just the way it is.. lol.

[Bucketlist2012]

Originally Posted by toy71camaro

Don't let a bad apple ruin the tree. let it roll off your back and move on. people get jealous of other successful people. its just the way it is.. lol.

It is cool Albert...If one person learned something...I am happy...And YOUR smart questions to Greg and your eagerness to actually do the work is refreshing to me and I will bet to Greg and others..

So again welcome, and keep at it...These Guys here are COOL and SMART..Deadly combo...

I am the lucky and somewhat smart guy. So no i am not burned by it.. Luckily i did not start any new thread, and I went through and deleted any posting info...All is good..

Actually if they were not going to study and were just going to ask stupid questions like "lookie lou's" window shopping and not buying, then we are better off they dropped off.. they want to drive through and get the answer..

ATM them the magic bullet.. Instant results and wealth..WHO am I ....TOMMY VU ??? because i can do a MEAN Tommy VU impersonation....You may be too young for Tommy VU...Don Lapre ? Dave the belly Del Dotto ?? LMAO>>

[Sieg]

So I just opened another Traditional IRA last night to stuff $2-3K away for five or so years.

Any creative funding suggestions?

Cash.......boring

ETF's

One good Steady Eddie?

I'm tempted to fund it with PM or McD and watch what happens.

[96z28ss]

I have a new hatred for mutual funds.

I have 2 401k accounts, one with current employer and one with a previous one that I no longer put money into obviously, so it just sits there. When I say it sits there I REALLY mean it sits there. Its not doing anything.
I'm going to move that account into something I can control and pick what I want and not be limited to a dozen opptions.
The other 401k account is with current employer and I'm putting in $600 a month and its not doing anything. I already sent the CFO a nice email outlining that we need more options, cause the dozen or so options aren't cutting it. Like I told him in the email I'd like to retire some day and not run out of money.

[Flash68]

Originally Posted by 96z28ss

I already sent the CFO a nice email outlining that we need more options, cause the dozen or so options aren't cutting it. Like I told him in the email I'd like to retire some day and not run out of money.

I bet that goes over well Bob..