Finance/Investing ITT

[Farbin Kaiber]

I guess I'm stuck on silver.

http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot

There really was more to what I was saying. Just one small example, but I bet it isn't going to get any cheaper.

[Kruzen]

I thought this was marginally appropriate for this thread.. hehe.

[rwh11385]

I thought this was marginally appropriate for this thread.. hehe.

Love that video. Almost posted as well

[nando]

so.. Farbin.. how do you feel about "buying silver NOW" after last weeks 25%+ drop? Ouch..

[priapism]

There has been quite a runup in commodities. Some call it a bubble, some call it a hedge against inflation and the falling dollar. A good way to get the benefits of the high prices without the volatility is to buy producers and service suppliers. Oilwell and gas well infrastructure suppliers and mining companies.

[rwh11385]

so.. Farbin.. how do you feel about "buying silver NOW" after last weeks 25%+ drop? Ouch..

Pump and dump? Someone made chumps out of the bf.c OT investors.

Or those speculating on oil:




And anyone notice the run of the dollar vs. the Euro and the Pound? Forex / commodity trading is gambling without comp'ed drinks.

[Farbin Kaiber]

I never said hold on to it, A friend of the family made ~$16,000 in about ten days, sold about two days before the big dump.


EDIT: It was seventeen days. My mistake. But when you have $125,000 to move around without affecting your bottom line, I guess that happens.

[nando]

that's good luck, not foresight. attempting to time the market is a recipie for disaster, especially if $125,000 isn't play money..

I thought you were supposed to stuff it under your mattress?

[phreshkid]

Lol I was about to comment on the silver market. A few days too late.

[rwh11385]

that's good luck, not foresight. attempting to time the market is a recipie for disaster, especially if $125,000 isn't play money..

I thought you were supposed to stuff it under your mattress?

He puts the green stuff in his pipe and smokes it.


$125,000 goes a long way towards flight to Kentucky, a seer sucker suit, and a large bet on Animal Kingdom. Afterwards, you could just call it foresight.

[rwh11385]

I guess I'm stuck on silver.

http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot

There really was more to what I was saying. Just one small example, but I bet it isn't going to get any cheaper.

http://silverprice.org/silver-price-history.html

Yay, down about 30% since this post. The lowest it has been recently was about half of the price when this thread was going on....

[jaywood]

Bump. Taking some finance classes at the local CC :)

[freeride53]

Cool to see a bump on this thread. I'm looking to a career in finance myself following college.
As a junior, I'm applying for summer internships across the board right now.
I'm also trying to see where I'd fit it in well.
I've had a couple of internships so far on the sell side in pwm, but looking to see if I have what it takes to break into ibanking.
I'll be taking a specialized course in ibanking next quarter and looking forward to it.

I'm also strongly looking into IM and management consulting.

[ST1G]

I guess I'm stuck on silver.

http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot

There really was more to what I was saying. Just one small example, but I bet it isn't going to get any cheaper.

Still stuck on Silver? My uncle is convinced that silver is way under valued. He has a few hundred pounds of silver coins.

[rwh11385]

Speaking of coins... one of my friends was OMG bitcoin a few months ago (12/2/13) and I laughed. I really wish I started shorting them at that point. I mentioned Dutch tulips and the obvious response was "This is different." That is what everyone always says... and then Bitstamp went from $1047.47 to $520 a couple weeks later, and back down to the $500-600 range long term. Mt. Gox obviously much more LOLz.

I sent herbie a PM about SolarCity IPO Dec 2012 and wish I got in on that. 600% rise. 600% is also Tesla's 1 year return right now. Oh well.


freeride53, do you like Excel/math or charts/research? Then maybe. If you like sleep or have hobbies, might look to other fields.

Back in the heyday before, well, SHTF.