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it says the list price was 44 bucks but only the big boys got it at this price..... even if you pre-ordered with your broker you couldn't get it until the vultures had their turn first and by then it was at 58; which is where I got it.
63.21 +6.71 (+11.88%) 63.17 x100 63.19 x400
Up 12% today from what I paid ...... damn, I wish ALL my investments were even close to that! Most are going backwards these days.
This is a long-termer...... same as Google or Mastercard it's best to sit on this and see how it all plays out in 2-4 years, hopefully it will be at 116 someday and a 100% profit realized.
Guilt is Gods way of telling you you're having too much fun.
-Dennis Miller
that's true, but how can you avoid looking when your pension fund sends you an update? And you know you sent in {X} amount of dollars since the last letter and yet you are losing money?? That's a sin ...... hell, I could do better with my local bank, at least I'd be making something; with my long term investments they are all losing right now.
I didn't pull the trigger on the Google IPO and have been kicking myself ever since; this one was a no-brainer and will show a 100% return by end of year.
I make a guaranteed 7.25 tax free on a $500 a month savings pan and 6.5% tax free and stress free on every other penny I own. It's legal and I can sleep at night.
You have to look at investing in the long term - historically equities outperform other investments (this is over 10+ years). Remember you only lose money if you sell. I have been in mutual funds over the past 20 years and my net return has been about 10% - not fantastic, but still pretty good and above the inflation rate for that time period.
Dollar cost averaging investment is the least risky method of investing - while it doesn't offer the glamour of a possible 30% return, it is a less risky way to get reasonable returns without developing ulcers.
Do you remember the savings and loans crisis of the 1980s and 1990s? Well, if you were invested in the market just before that and held on, continued to invest, you would have been further ahead than selling everything off and panicking.
I'd be happy with a 10% on every investment for the rest of my days ....... after University is paid for and a few more years of sitting on my condo are in the bank, a 10% return on my portfolio at that particular time just 'may' be enough to sustain myself 'till dead; as long as I live in a 3rd world country lol.
With interest rates low, one way for Americans to earn higher interest is to buy FXA which is a play on the Aussie dolllar and pays the much higher Aussie interest rate.
As for me, I need every baht I can earn from investment income as I can't keep up spending at the bars with guys on holiday.
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