TimmyBoy said:When you hear of a new company stock coming out with an IPO, think of IPO in these terms and you will be OK:
It's Probably Overpriced
Imaginary Profits Only
Insiders' Private Opportunity
Idiotic, Preposterous and Outrageous
TimmyBoy said:When you hear of a new company stock coming out with an IPO, think of IPO in these terms and you will be OK:
It's Probably Overpriced
Imaginary Profits Only
Insiders' Private Opportunity
Idiotic, Preposterous and Outrageous
RightatNYU said:google, anyone?
Kandahar said:But for every good deal, there's probably ten overpriced IPOs. Trying to pick the right one is like trying to find a needle in a haystack.
Kandahar said:Hehe. Very true, very true. I avoid new stocks like the plague.
Mortgage borrowers know that they don't know much
Thursday January 19, 6:00 am ET
Holden Lewis
You wouldn't believe what homeowners don't know about mortgages. No, scratch that. Yes, you would.
Some recent industry-commissioned polls show that consumers don't feel knowledgeable about home loans and they don't know what to do if they fall behind on their monthly payments. Furthermore, they view their homes as secure piggy banks -- a notion with some merit, as long as they realize that loans against equity have to be repaid with interest.
independent_thinker2002 said:Timmy, one thing to keep in mind. If your house is paid for ( without a loan), then you are one lawsuit away from losing it. True, you won't be paying interest, but you could lose everything in one lawsuit. You don't have to take out a loan for the whole house. That would minimize your interest payments. Just something to think about.
TimmyBoy said:What about selling my house to my relatives for a dollar just before a lawsuit and have it put in their name, so it couldn't be taken from me? I do have some pre-paid legal insurance where I consult lawyers on the law from time to time.
independent_thinker2002 said:I believe that is illegal, but am not sure. Why didn't OJ Simpson do that?
Kandahar said:But for every good deal, there's probably ten overpriced IPOs. Trying to pick the right one is like trying to find a needle in a haystack.
TimmyBoy said:What about selling my house to my relatives for a dollar just before a lawsuit and have it put in their name, so it couldn't be taken from me? I do have some pre-paid legal insurance where I consult lawyers on the law from time to time.
RightatNYU said:That one was a pretty gigantic needle.
RightatNYU said:Want another free stock tip?
IPO, coming out today. CMG.N, soon to be CHP.
Forecast was 15.50, raised to btw. 18-20, just debuted at 22.
Get in while the gettings good.
Kandahar said:There's a pretty gigantic haystack too.
Meh, we'll see. I'm wary of any IPOs. Besides, generally the price of the stock already reflects the available information on it, so unless you know something that the rest of us don't about this stock (which is illegal), I'm inclined to be skeptical.
Chipotle shares more than double in debut
Shares of Chipotle Mexican Grill Inc. (CMG.N: Quote, Profile, Research), a restaurant chain spun off by McDonald's Corp. (MCD.N: Quote, Profile, Research) surged to more than double their $22 initial public offering price on Thursday.
Chipotle shares rose to $46.20 on the New York Stock Exchange at midday, up $24.20.
RightatNYU said:http://today.reuters.com/investing/financeArticle.aspx?type=newIssuesNews&storyID=2006-01-26T174511Z_01_N26400014_RTRIDST_0_LEISURE-CHIPOTLE-UPDATE-2.XML
I just made a 105% return on my investment in 24 hours.
Vindication tastes delicious, but still not as good as Chipotle.
Kandahar said:Oh you're a day-trader? A bit too speculative for me... You'll make more money in the long run by picking solid, reliable companies that are managed by good people and holding them for years.
RightatNYU said:It's not day trading, I'm holding onto it. Chipotle is an incredible company that has only begun to show what kind of growth its going to have. Buying chipotle stock now is the same sort of investment as buying McDonalds 50 years ago...especially considering mackers is in charge of Chipotle's marketing and business development.
I don't buy stock in anything because I hear its going to be good or it looks good on paper. The few times I've actually invested, its been in companies that I either worked for or dealt with day to day and really felt they were on the verge of doing something good. Ive yet to be disappointed.
TimmyBoy said:What's your thoughts on taking out loans to buy a house? Is it better to invest towards buying a house and pay cash with no debt? Or is it better to take out a mortgage loan and buy a house you think will go up in value with that loan?
independent_thinker2002 said:Timmy, one thing to keep in mind. If your house is paid for ( without a loan), then you are one lawsuit away from losing it. True, you won't be paying interest, but you could lose everything in one lawsuit. You don't have to take out a loan for the whole house. That would minimize your interest payments. Just something to think about.
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