[ale] OT: Stock Traders?

[tfreeman at intel.digichem.net]

On Thu, 24 Apr 2003, Kilroy, Chris wrote:

> long term investing in the stock market is a lot better than gambling, 
> unless you are looking for short term returns, but even still it is 
> still better odds :)
> 

Some years ago, I had a friend/associate who might well disagree with you. 
She had a boy friend who played the ponies for a very good living claiming 
a strong resemblence to the NYC, where he had been a broker. The ponies 
payed better, and more consistantly in his experience. 

IMHO, the only investment stategy which is fairly rational and not 
gambling is a very diversified buy and hold, probably split evenly between 
cash instruments and stock.  Wish I had the nerve/ambition to back that 
opinion up with _facts_. 8-(

> 
> ->-----Original Message-----
> ->From: Zachary Link [mailto:zack at the-links.net]
> ->Sent: Thursday, April 24, 2003 3:25 PM
> ->To: ale at ale.org
> ->Subject: Re: [ale] OT: Stock Traders?
> ->
> ->
> ->If you start with $150, and pay a $10 fee, you need to gain 
> ->7% to break
> ->even.  If there are acount maintenance fees for such a small sum, then
> ->your $150 could be gone in less than a year. That small 
> ->amount of money
> ->might not be worth it.  My guess is that a nice dinner out with a date
> ->would be money much better spent.
> ->
> ->Zack
> ->
> ->
> ->
> -><quote who="Robert L. Harris">
> ->>
> ->>
> ->> Anyone here do any day trading as a hoby/investment?  I've 
> ->got a little
> ->> ($150) I can play with in stock and thinking of just 
> ->messing with it.
> ->> Looking for some tips, good news sites, etc.
> ->>
> ->> Robert
> ->>
> ->>
> ->> :wq!
> ->> 
> ->--------------------------------------------------------------
> ->-------------
> ->> Robert L. Harris                     | PGP Key ID: E344DA3B
> ->>                                          @ x-hkp://pgp.mit.edu
> ->> DISCLAIMER:
> ->>       These are MY OPINIONS ALONE.  I speak for no-one else.
> ->>
> ->> Diagnosis: witzelsucht
> ->>
> ->> IPv6 = robert at ipv6.rdlg.net	http://ipv6.rdlg.net
> ->> IPv4 = robert at mail.rdlg.net	http://www.rdlg.net
> ->
> ->
> ->
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> ->
> 

-- 
=============================================
If you think Education is expensive
Try Ignorance
                   Author Unknown
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