View Single Post
  #143  
Old 07-08-2007, 12:14 AM
kimchi kimchi is offline
Senior Member
 
Join Date: May 2006
Location: FU minbet
Posts: 1,246
Default Re: Taking out a prosper loan to buy stocks

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

The main lesson here is this. I should have trusted myself and my mad stock picking skills over a freaking poker message board.

[/ QUOTE ]
Wow man, really? I mean, damn, really? That's the main lesson you came away with here? REALLY?!?!

[/ QUOTE ]

Yes. Which basically means this entire forum is worthless. Mods, please remove it now.

[/ QUOTE ]
Wait. Let me see if I follow:

1) you have brilliant idea
2) people tell you your idea sucks
3) you act like an idiot only by listening to others in this thread
4) something totally huge happens
5) forum should be removed? yes

[/ QUOTE ]

Corrections in bold

Edit to add: Sniper has the most accurate posts in this thread. Borrowing money at a low interest rate, and then making money on that money is how you get rich. Being afraid to borrow the low-risk money in the first place is what keeps most of you in the rat race.

Funny how it went from most of you wanting me to fall flat on my face, to me still being an idiot for being right. I think most of you need to open your horizons a bit.

[/ QUOTE ]

Trading and investing is primarily a psychological game, of which yours has proven to be somewhat lacking. This has been evident by you kicking yourself for not following the rules of your own 'strategy' and to have your opinions and beliefs swayed by posters on a poker message board.

Investing and trading allows the person to put his money where his mouth is and take bets on the market followed by risk and trade management.

The outcome of that bet and the decision to wager it will then be your responsibility, and only yours.

I actually would advise against listening to advice from anyone from a financial "guru" to a poker board poster on whether or not to take a particular trade and how to manage it.

If you want to put stock purchases on your Mastercard or margin or whatever, then do it. The outcome (good or bad) is then your responsibility.

If you do, please post a trip report.
Reply With Quote