How do people afford...

hellogoodbye

day trading yes. portfolio is newhere from 110-115k atm.

ok these r the stocks i bought and sold and the times that i bought and sold from the 18th to the 19th
LNC - buy - 12:33 pm 6143 shares @ 15.95 = 97,980.85 jun 18th
LNC - sell - 1:42 pm 6143 shares @ 15.99 = 98,226.57 jun 18th
WFC - buy - 10:18 am 1682 shares @ 23.66 = 39,819.78 jun 18th
WFC - buy - 10:23 am 2451 shares @ 23.62 = 57,892.62 jun 18th
WFC - sell - 11:23 am 4134 shares @ 23.74 = 98,141.16 jun 18th
CCL - buy - 11:28 am 3920 shares @ 25.08 = 98,313.60 jun 18th
CCL - sell - 12:33 pm 3920 shares @ 25.09 = 98,353.80 jun 18th
MSFT - buy - 9:40 am 2475 shares @ 23.51 = 58,187.25 jun 18th
MSFT - sell - 10:23 am 2475 shares @ 23.47 = 58,088.25 jun 18th
MSFT - buy - 10:11 am 4232 shares @ 24.17 = 102,287.44 jun 19th
MSFT - sell - 11:23 am 4196 shares @ 24.23 = 101,669.08 jun 19th
MSFT - sell - 11:43 am 36 shares @ 24.17 = 870.12 jun 19th
SIRI - buy - 9:40 am 101881 shares @ .41 = 41,771.21 jun 18th
SIRI - sell - 10:10 am 101881 shares @ .39 = 39,733.59 jun 18th
CI - buy - 3:23 pm 4167 shares @ 23.65 = 98,549.55 jun 18th
CI - sell - 9:58 am 4167 shares @ 24.92 = 103,841.64 jun 19th
KMX - buy - 11:28 am 6847 shares @ 14.96 = 102,431.12 jun 19th
KMX - sell - 11:43 am 6847 shares @ 14.89 = 101,951.83



yes ive seen that before, but unless i have a seriously bad trade and my 100k+ drops to like 10-20k i wont have to sell this car

also im paying out of state tuition at tx state, insurance, food, credit cards, and well everything else.
oh and car was paid for in cash so theres no monthly payments on that

EDIT:
Im currently in school to get my MBA so i doubt id ever work for walmart or any fast food place. also im making great money with the stocks (for now) so i might not need a fulltime job. its not guranteed but im making 5-20k a month (yes i have losses but overall im + every month) and the more money i make the more i can invest with so i make more. so maybe ill get a job to keep me busy but for now im gonna keep doing stocks til it doesnt work nemore

Roo

I call BS on your $5-29k a month. how about a screenshot of your portfolio?

hellogoodbye

scroll up and look at my trades from the 18th an 19th of june. do the math i made 5k profit on a single trade idr what my net gain was but trust me, day trading can make you lots. and i think u mean 5-20k. also if you dont believe me idc this thread isnt about me making money. i was asking a simple ? to get some advice which i got so maybe a mod should just lock this thread now

Roo

So how much did you start with in your portfolio? How did you acquire this money?

Robert_Nash

Well...it's not that I don't believe you but I'd at least practice those phrases now and then.

Good luck...I think you'll need it.

__________________
Robert
-My Basset Hound Is Smarter Than Your Honor Student and Barack Obama -

edeeZee

You ever see those used car ads like: 1994 Mazda RX7 or 1996 Supra TT with over $50,000 worth of mods, got all receipts and service records, even dyno sheets. Spent over $90,000 including price of car, will take $35,000 OBO need money soon, just got married, bought first home, child on the way, etc.?

But you see these same cars in the ads month after month after month while the asking price drops in increments.

Can you say PYRRHIC VICTORY?

GMZ

How long until you grad? Do you have solid job prospects when you do? Id wait until you graduate, then once your stable think about going all out. I could pay cash for the mods but that would clear out my savings so I think Ill wait until I go to Iraq next year and use that money. And think by then what advancements the mod scene would have for this car!

hellogoodbye

just started college so 4 + 2 for the masters as for a solid job my uncle is high up in management at J&J so hes got me a job lined up. i was also thinking of waiting til i graduate. id have less bills to pay then
ps. gl in irag i got a few friends there atm and 1 in germany

Junior370z

My car is financed. Same with my mini van. Honestly if I had the cash to buy a 370 cash, I would of just financed a GT-R. Point is nothing is wrong with financing so long you don't have financing for a rediculous %. I still buy things for my Z, but pay cash for my mods.
If you can tell yourself you can afford your mods financed or not, so be it and go for it. Your responsible for your own decisions. Who cares what other richer or poorer people say...

__________________
DON'T DO IT!

Roo

Maybe because some people realize that America is in the trouble it is because people just HAD to have that $40k car, $15k in mods, and a half million dollar house all while making $40k a year. Kids seem to think they can afford something if they can afford the minimum payments. Problem is they live paycheck to paycheck their entire lives because when they were 18-25 they HAD to have it and are always in massive debt.

Balzdeep

Once again, 90% of the people posting on ALL car forums are 25 years of age or under. I would say less than 5% of this age group actually has any sizable amount of money in savings, 401k, real estate, stock market, etc. etc. The one's who have 10k plus to blow on their new cars are more than likely being funded my "mommy and daddy" or are living at home working full-time jobs (pay zero for housing/food/insurance etc.).

Once this economic down turn starts to really take hold in the next 12 to 18 months there is going to be a lot of cars for sale............

__________________
Current:08 CSRT4
ED downpipe, RT Clamp, AGP wg, MS1, S1 injectors, PTP inlet pipe, etc.
*Dyno 7/11/09 - 350/353 fwhp

ZKindaGuy

That might just not happen. Remember that 90% of the stimulus monies are currently being held back until the "bottoming out" occurs at which time the monies will be released which will in essence relieve the fallout from the "bottoming out" when it occurs.

So in essence the release of the stimulus is meant to "bypass" the extreme sickness that would naturally follow the "bottoming out".

In theory it should work however it will only be once again delaying the inevitable MAJOR market adjustment that has been looming on the horizon since the fallout of stock market during the late 80's. It will just come later on another day....but make no mistake...it will come because there is only some many "fake outs" that can be performed before the reaper has to be paid.

GingaBreadMan

Do what u can afford. U shouldn't get a TT kit right away it's not necessary. U should get 2 know ur car 1st. Decide what u feel needs improvement. Don't mod 4 the sake of modding. I'm gonna start with bolt ons. It's a inexpensive way 2 gain a good amount of power. I will wait until next spring b4 I do that. Down the road, in 5-6yrs I will TT it. That should give me enuff time 2 save up 4 the kit. 2 take out a loan 4 mods is ridiculous. Get ur priorities straight. If u plan on keeping the vehicle 4ever like I do there's no hurry.

Balzdeep

Bunch of Blah, Blah, Blah. My previous post carries more truth than most of you want to admit...........

__________________
Current:08 CSRT4
ED downpipe, RT Clamp, AGP wg, MS1, S1 injectors, PTP inlet pipe, etc.
*Dyno 7/11/09 - 350/353 fwhp

ZKindaGuy

I agree with you but I think the stimulus thing I mentioned will serve to skew the reality that will be happening that you speak of. It will create the usual hosue-of-cards effect.