So since I have a couple days off from poker I have more time to write out some ideas in these blogs and post a little more often...first off I decided to invest in the stock market....I've never invested in the market, I don't know shit about the market, but I'm still willing to take a small gamble for a couple thousand. Basically in my opinion, its a great time to invest in companies if you feel they can make it through this down economy. Alot of big companies that are going nowhere have seen their stock prices plummet but I'm sure they will come back up when the economy turns around...when that may be I do not know but I think we are starting to see the worst its going to get...Once again I dont know shit so dont listen to me :)...Heres my picks if your interested
1.Sirius (Siri) - So this stock took a plummet when it was announced they were filing bankruptcy....The reality is they had to dump a ton of money into infrastructure to create this company, and that also came with alot of debt....The fact of the matter is its a very profitable commodity - theyre the second largest subscriber company in the world, and with Howard Stern on their airwaves I don't think theyre going anywhere....I think the company might of been better not joining with XM, but I still think its a profitable investment...I wanted to get in when it was around 11 cents/share, but now its up to 34 cents/share...
2.Citi Group (C) - So the main reason I got interested in this was the fact that Citigroup isnt going anywhere - theyre a monster company that needs to stick around and the government wont let them fail.....there stock was around 55/share a couple years ago and bottomed around 1.11...it currently trades in the lower 2's, and I cant see this company ever going down...Sure the government owns about 30% of them now so at the very least I'll breakeven on this one....they have a new CEO and I think things will turn around...
3.GE - I dont know much about GE at all except its been very profitable over the past 20 years and has a good financial record...my parents like this stock alot and it is pretty low, so why not?
All in all these investments could be -ev but Im willing to take a chance.....Don't flame me for my picks or reasoning - I've never traded before and have no knowledge of the market, but I guess the gambler in me is coming out :)
So a quick rant - I really hate people who have to let everyone know how they went from a 10 dollar bankroll to making whatever they have in poker. First off poker is a business investment - who cares that you made money in poker, plenty of people do....Its not a great acheivement and doesn't take a genius to figure it out....You don't see people who own small businesses bragging how they made a small investment and have made 50,000 off of it....it happens all the time and is nothing new. In general too many people brag about poker earnings and have big egos about their game....unless your dominating your field of expertise, I don't see the need for it and really makes him or her look like a moron..
/rant
Friday, April 3, 2009
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