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CME Group Inc. Message Board

jeff5tg 3 posts  |  Last Activity: 9 hours ago Member since: May 1, 2009
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  • Reply to

    Word to the MM

    by jeff5tq 12 hours ago

    If you are asking for advice it would be to try to maintain a level of safety for the near future while you try to find some vision that works for you. I would try not to lose money and be cautious about things that are very risky unless you can easily afford the risk and can see a path for the trade to work and that path is likely.

    If I were going back years and years and deciding on a style it would be to become a short term trader. That is a much easier thing to say than to do. My style became to pick a few winners that were out of the park home runs and to accept that a bunch of my picks will stink and I'll lose a little money on them. It worked well for me, but I am sure that the best position is to be a trader and short term at that. Maybe if you are running a huge amount of money longer term might be better but I have never run a huge amount of money. Huge is relative. Then again there are huge short term traders so what do I know since I may be a teenage girl in her parent's basement wasting a day on the Yahoo forums.

    Seriously take the time and learn how to trade. If you are brilliant mathematically (like MIT material) learn options. I am just a dope would can sometimes see trends before the crowd.

    If I were young ERB is not a bad bet. Even more so if it tanks soon. It doesn't look like a bad bet, but the timing is very uncertain. Might be a year or two and might be five or ten or maybe never.

    Good luck, work hard, save your money, invest it well and don't borrow money unless it is for a home or a business. Live below your means. Save and invest safely. Take measured risks or risks you are very content with. I hope it works for you.

    I leave you with wisdom from back in the day. The long term is a series of short terms. Don't waste time.

  • Reply to

    Word to the troll

    by chase_daulton 14 hours ago

    Chase, life is what you make of it. Hard for a person to judge another's life especially from a distance; however it is the kind of thing that makes one understand the frame of mind of an investor of a piece of junk (for the moment) like ERB.

    The problem with ERB is that it is just a bit of a group of companies completely controlled by one guy who can send opportunities to which ever entity makes the most sense for his needs without regard to your desires. A minority owner of ERB is just a passenger in the back seat wondering where the guy is going to drive this car and when it will arrive. It has too small an ownership base to attract any real attention and few would care to ride on another's coattails when they have n idea where the cost wearer intends to go.

    I am sorry to say you are very naive, but try this. If you owned a collection of firms and could send profits to any of the firms would you send the profits to the firm in the USA paying about 35% in taxes or to a firm outside of the USA paying a much lower rate? Even WAG is rumored to be thinking of leaving the USA for the tax savings.

    Now what if the profits to the USA firm was to a firm which was the only part of the group you did not own 100% of?

    I take ERB to be a tool held in waiting for whenever and if the main owner decides to take this group public within the USA. Until then why bother and why subject his group of companies to increased supervision by the SEC?

    Add in the uncertainty of the world and the apparent fleeing of risk and the unease over the credit markets and I'll be a buyer of ERB (for the out of control ride) when and if it tanks some more. I think it has a chance of getting back to where I was buying it which is below a buck, but maybe only $1.30 or so? This is something to buy a bit of and just wait and see how it turns out. Nowhere to put important money. You have any unimportant money or just still counting nickles and dimes?

  • Reply to

    Apfelbach still there?

    by tbull24 Apr 15, 2014 1:25 PM
    jeff5tg jeff5tg Apr 17, 2014 12:11 PM Flag

    Got a link?

CME
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