If the little guy wants to invest $1000, he buys 19 shs. If the whale wants to buy $100000 he buys 1923 shs.
what difference would a split make? @2:1 the little guy will buy 38 shs and the whale will buy 3846 shs.
I guess if you only had $50 to invest you wouldn't be able to buy it at $52, thus a split would get you 1 share.
"Changes in latitudes, Changes in Attitudes"
Sometimes they seem quite the same.
<<<I'm sticking with predictions I've posted on other boards...
Dow 6400 by the end of Q1 (I first posted this when the Dow was over 7300, and got laughed at).
Dow 4800 by the end of Q2.
Dow back to 10,000 sometime in 2018.>>>
Posted by sharptools
At this point, sharptool is 0-3
perhaps if you didn't lose 16K in SIRI, there would be some gifts under the tree.
Don't blame Bush for your mistakes.
75-80k here, I put away 25% annually. Only debt is a mortgage. If it wasn't for the beer and cigs, I could probably put away another 5%.
You are looking at a chart, which only provides history.
Buy some now, and if the price drops, buy a little more. Then, if the price rises, buy a little more.
Lather, rinse, repeat until you are wealthy.
As a buyer I like scenario 2 better, but be sure to ask again in 15 years.
As for Gretzky, he had some good quotes. My favorite being "You miss 100% of the shots you don't take".
30 year fixed here. Bought in 1993 with an FHA 3% down.
Re financed about 5 years ago to another 30 year fixed.
Looking to do it again with a lower rate. I cant invest the money in my walls into other avenues. And as we all know, real estate has an average growth rate of 4%.
You will never beat inflation with that.
Dude, you must drink pee water for beer!
Thats how it comes out.
MO, BUD and PENN.
All heavily taxed, by local, state and federal governments.
We are encouraged during lean times to use these products, to keep up the government revenue.
take the $300 and invest it in BRK?
As for me i could get:
a. 9.5 cartons of cigarettes, or
b. 18.75 cases of beer
c. 2-3 days at the track.
Come to think of it, those are all recession proof.
I know there is a 200 mil fee if the deal doesn't close.
I'm a holder of PENN and thought FIG ripped us off(especially now. Gambling, drinking and smoking stocks should be in!)
Any other way for FIG to cancel the deal?
A couple of thoughts...
1. Hopefully everyone learned a lesson from Enron. Diversification is the key to financial success.
2. If you can't handle a 20% drop in value from your diversified portfolio, perhaps you shouldn't be in the market. we've lost 20% before and we will lose 20% again. (if not more)
3. The market will come back, how quickly, no one knows for sure. Just keep plugging $$$ in when possible.
4. Investing is a long term game, the patient are rewarded in the end.
5. Any 25 year employee of BBT is more than likely sitting pretty right now, even with the recent weakness, if they regularly contributed to the plan.
Not a sermon... just some thoughts.