[quote]tribunaldude wrote:
Umm…loses what? my etrade portfolio shows a 600% gain for the month (albeit I play with less than 5% of my available funds) withou doing any subcaps…but the actual monetary gain for the month is less than 50K dollars so HH may actually be right. I told everyne to swing trade C and F but o one listened.
I swing trade regulars these days (usually closing in a couple of days), and work with 3 promoters pushing exploration-based subcaps operating in Vancouver, Canada (run a newsletter for BEacon and blueSky) I also have financial responsibility for a few online dating sites and asian webcam cos…so there’s where I pull in money lol.
where does a college kid - like you - get all the money he loses?
I’m guessing you pay more in taxes than he makes with all of this stuff.
I have to admit that I’m so damn wary of this market that I’ve switched our accounts over to mutual funds, like Fidelity’s Contrafund. If one company vanishes, its only a small portion of the total assets.
Won’t hit any home runs but does spread the risk.
Mututal funds? I thought you were the gold guru.
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I like gold a lot. It has actually held up quite well compared to most other things.
My wife inherited a virtual mutual fund all its own from her grandfather, with 15 big name stocks in the inheritance. Its been clobbered lately so I sold some for tax purposes and re-invested in funds.
I freely admit that w/o my wife, I’d be as poor as a church mouse, on my teacher salary. She’s a prof (with tenure) and inherited a virtual boatload of money — but the boat got a little lighter lately. ;>