There is this place called the Clover Club in Brooklyn and if you get a punch bowl of alcohol, steak tartar, mussels, and one more thing that you like you will have a great time but you will leave with negative $125 and you will have to stop at a pizza shop on the way home because you will still be hungry.
You can buy a 100 shares of Citigroup(C) which probably has the same chance of getting you sick in your stomach as steak tartar but you may have your money for more than an hour. If it goes to zero you lose no more than you lost eating out.
IF you pick C than just remember to sell it when it goes above double. IF making a $125 is not enough for you than buy a 1000 shares.
If C goes down below $1 think about buying a 100 more shares.
they will probably both make you sick in your stomach
actually mcdonalds’ stock as really recovered from it’s lows and is definitely doing well in the recession. I guess people are eating a lot of those cheeseburgers…
As an artist trading stock though this stock is way too close to it’s high and it has no way of probably ever doubling so I guess you should eat the burgers….
The iPod Touch is definitely the deal here for a few weeks. Apple stock has been rising and falling in the price range of $79 to $105 a share and therefore I would wait to buy the stock until it is closer to $79.
Wait until you have enough money to buy 10 shares of Apple and then buy in increments.
Ok this is a good battle….
If you decide to buy the Ford Escape Hybrid you will have a brand new car with the brand new car smell and you will be slightly helping the environment out. You also will be buying American and you will be stimulating the economy(ha).
Now we know buying a new car or truck is really dumb though because it devalues by 40% as soon as you drive it off the lot. Saying that noone seems to care about that because the new car smell is so amazing and everyone loves a brand new paint job.
If you decide to instead by Ford(F) stock you won’t have anything to show your friends. You could brag about your stock purchase but in this market people will think you are an idiot. In this stock market it could and probably will also lose 40% of it’s value.
So what should you do????
If you buy the truck you will basically lose half your money but you can take your kids to school and pick up grocceries….
If you buy the stocks you will be sitting at home watching CNBC to see where the price is going and when it goes down you probably will want to jump off a bridge (you will have to walk to the bridge).
I say you should be crazy and buy the stock …..
Say the stock goes down but then goes up….
You have 10,466 shares at $2.80 a share so it is worth $29.305.
If it goes down to a $1 a share you will have $10,466 probably the same price the Hybrid would be worth.
BUT if it goes to $5.60 you will now have $58,610 which at that point you could buy a used car and have a huge chunk of change to lose in other ways.
Of course you are smart and would slowly cost average into the cost of the stock.
If Ford goes out of business you lose everything except if you picked the Hybrid which then you just won’t be able to get parts…
When you pull out your Visa card to buy your canvas or Old Holland paints to make your master piece remember that painting is dead( I don’t really believe that but it is funny to say it).
Sean Landers makes some cool paintings…
paintings have to be ironic now or maybe sincere now after I said that. It is like Schrodinger’s cat.
Anyway put that credit card away and think about how much you were just going to put on it to buy something that you really don’t have money for and instead put that money into a little shoe box and when you have over $200 buy 4 shares of Visa(V) when it is under 50 dollars a share.
Thank me later when you can buy two canvases for your master piece….
The new Call of Duty, World at War, is the hottest video game that is coming out of Activision this season. The question is should you buy Call of Duty for $60 or should you buy 6 shares of Activision(ATVI) stock for $60.
Well if you buy the new Call of Duty you will be playing the most advanced war game ever and you will have countless hours of pleasure. If you get tired of the game you could probably resell it on ebay or to Gamestop for about $20.
So in the end you have countless hours of pleasure or I am sure some artists would say wasted time( not me) and at the end of the day only lose $40.
If you buy the stock you will have no hours of pleasure but the stock could go up and it may even double leaving you with $120. This could buy you two games. The stock could also go down to $5 a share which then your 6 shares will be worth $30 dollars.
So in the end you will probably be stressed out for a few months with this stock and end up either with double your money or half your money with no fun inbetween.
I would say buy the game….
I remember asking or maybe someone else asked in high school economics, why can’t we just print more money and make everyone millionaires? The answer had something to do with inflation or deflation or something else but basically after a heated debate the teacher would say it wouldn’t work. Everyone would seem richer but the money would be worthless.
Well why is the money worthless when you give it to the masses but not when you give it to the banks.
Citigroup, Bear Sterns, AIG, Freddie Mac, Fannie Mae are getting the fantasy of a HS student. Why is the money not worthless when you print it out for the banks yet it would be worthless if you gave it to the individuals. I know that the money would get spread too thin if you gave it to everyone(the Bush rebate checks) but maybe you should give it to specific groups of society. How would the government pick and choose who would get the bail out? Well, I am sure it wouldn’t be too hard they seem to be pretty good at picking which banks get it. I am pulling for Artists first. I am sure there is an easy answer for why this wouldn’t work, but I am also sure that there is an equally as good counter argument for why it would.
It just doesn’t make any sense.
I have an idea. Instead of giving the 20 Billion dollars directly to Citibank, give it to the students who have Citibank student loans(me included) so that they can indirectly give it to Citibank to pay off their student loans.
At 3.94 a share. It just went up to 4.03 but anyway still you can’t buy a value meal at Mc Donalds for that. Both of them are probably bad for you. One will make you sick with nothing to show for it but a chubby stomach. The other may do the same or it may triple in price.