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Whatever guys, thread open. (1 Viewer)
- Thread starter Eminence
- Start date
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......junk mail is now listed as an asset.
Wilfredo Ledezma
Footballguy
You made 99 5 dollar bets yesterday? How are you not killing yourself on the vig. Much like the initial investment trades I may add.
I got more right than I got wrong, also a few of them had a higher payout than 1:1.
-fish-
Footballguy
Wilfredo Ledezma
Footballguy
you missed the econ lesson on diversification. In fact the only time I recall you diversifying (99 5$ bet day) you actually made a profit...
I try to use critical thinking about what's going on in the world and what markets are likely going to see a significant boost or not. Combine that with looking at actual stock trends. I read Bloomberg Business week and Business Inc that get sent to my home for free. I read free articles online on companies that I am interested in. Finally, I read the stock thread here on FBG.
I'd have:
$2,000 in WAG
$2,000 in FB
$400 in HEMP
$200 in NHUR
Think I should go 50 / 50 on the $2,000 in Margin or go even more diverse than that?
bushdocda
Footballguy
Hypothetical stock gains >>>> real gambling losses y'all.
Not sure why you'd be happy to blow $ when one of your other terrible ideas is to buy a house and you have no $ but $ seems extremely important to you (hypothetical money moreso).
If you were real, you would focus any extra cash on that terrible house idea.
Not sure why you'd be happy to blow $ when one of your other terrible ideas is to buy a house and you have no $ but $ seems extremely important to you (hypothetical money moreso).
If you were real, you would focus any extra cash on that terrible house idea.
Rayderr
Footballguy
Many of us have offered him some sincere and sound advice. Stop the gambling, stop the penny stocks, pay off the credit cards (and for pete's sake, stop using your credit cards to bet) and once that's done start saving up money to buy that house he so desperately wants (but live in it, don't rent it out. He's not ready to be a landlord.) And occasionally he has his moments of clarity where he sees that we're right, but then by the next day he goes back to thinking he's the greatest thing on earth when in reality he's a 22 year old stock boy who lives in his mom's basement smoking pot and playing video games who's had a stock and game record that's worse than Cluck-Cluck, the Winnin' Pickin' Chicken's.Frostillicus said:
ClownCausedChaos2
Footballguy
ClownCausedChaos2
Footballguy
Tom Servo
Nittany Beavers
Henry Ford
Footballguy
I'll just throw this in once: I know what it's like to have a gambling problem. This is what it's like. Stop now.Ehhh, that was close.I don't really mind losing the $300. I'm really just mad that I bet it all on one game. I was doing decent when I was making strictly $5.00 bets and chiseling away at the final in $5 increments.
No guts, no glory. I didn't bet anything I wouldn't have been comfortable losing anyhow.
I'm starting to lose the value of money, like nothing matters in my current situation.
1.) I've still got over $2,000 in my stock portfolio.
2.) I've got a pre-approved credit card for $1,500 sitting on my desk.
3.) I've got over $1,000 available on my current credit cards.
4.) I get paid $500 on Thursday.
5.) I finally got paid my $300 from that dirtbag for winning that Fantasy Football League.
6.) My bills are only like $200 a month ($45 phone, $45 insurance, $90 gas). The remaining $1,400 is mine to save / spend on whatever I want.
But what's really gotten me thinking is the fact that I'm probably going to get promoted to Assistant Store Manager this time next year at Walgreens. I'll be making about $17.00 an hour at that point.
Current: 11.50 x 40 = $460 a week, $920 a paycheck, $1,840 a month...
Future: 17.00 x 40 = $680 a week, $1,360 a paycheck, $2,720 a month...
In about a year's time, I will have an extra $900 a month to **** around with. It really makes saving money now seem pointless, like in a years time I'll be able to blow $900 a month on something ######ed (say a sports bet) and have the same exact amount of money that I have now.
I might as well be a dumb kid and blow my money on stupid #### while I still have the chance. I really don't know why I don't have my own place to live, feels kind of stupid having all this extra money where I can burn $300 on a whim and not have it really effect anything.
SacramentoBob
Footballguy
Dude, once he buys that house for $60K and rents it out, all his NBA gambling will be pure profit.Premier said:
msudaisy26
Footballguy
If his parents ever seen his business plan, they would say " Holy crap he is never moving out!!!"
His parents are probably too busy hosting Amway seminars and playing scratchers to notice.
msudaisy26
Footballguy
Lol....Em's ability to save is wholly dependanf on his parents paying for his food, shelter, insurance, and car (perhaps?). As usual he is being short-sided on reality. This is by far his best chance to save in his life. His farting away $1000 a month on sports betting or whatever scheme he comes across will be huge down the road. When Em has real bills to pay and is not longer sucking off his parents, his ability to save anything will disappear.
DocHolliday
Footballguy
You win some and lose some Em. You are due to win big now. What games are you betting next?
skol asylum
Footballguy
He has mandatory health insurance to look forward to paying for soon too.
AwesomeAuger
Footballguy
Just like with HEMP, I'm thinking I need to bet on what you bet next.
Tom Servo
Nittany Beavers
timschochet
Footballguy
I can't believe what I'm reading here. Hey Eminence, I realize you're only 22, but credit cards are NOT an asset.
Keerock
Footballguy
Em almost has is Associates in Accounting. The rules are obviously changing or he would already know this. HE'S AN HONOR STUDENT!
You guys really have no clue about my life, so just for a minute stop casting judgment on me. If I wanted to move out, I could move out tomorrow. If I wanted to buy a new car, I could buy one tomorrow. $300 won't make or break me.
I've said from the get-go that things really get cooking when I start trading on margin; things start cooking when I can reinvest my WAG stock into other stock selections of mine. By next month, I should have $3,000 in my portfolio.
Please reserve your judgment of me and most importantly, stop making things up about me. It's annoying, I'm happy to socialize with you guys but you pervert the facts and project a life that isn't even true for myself. I'm not an idiot, I'm actually in a fairly decent spot in my life.
I've said from the get-go that things really get cooking when I start trading on margin; things start cooking when I can reinvest my WAG stock into other stock selections of mine. By next month, I should have $3,000 in my portfolio.
Please reserve your judgment of me and most importantly, stop making things up about me. It's annoying, I'm happy to socialize with you guys but you pervert the facts and project a life that isn't even true for myself. I'm not an idiot, I'm actually in a fairly decent spot in my life.
TheMagus
Footballguy
Who needs cash when you have credit cards and keep getting more and more lines of credit? He can just charge the house.
Please quote where I stated a credit card is an asset. This is a perfect example of you guys just making #### up. This is exactly why I want this thread locked, the mob mentality has gotten out of control and now you guys are just making #### up about me.
A credit card is a liability, you learn that day 1 in Accounting.
Limp Ditka
Footballguy
I'm just glad I was smart enough to follow Em on twitter. There's no way I'd know what he's up to without it.
Again, please quote where my logic suggests this. Stop making #### up about me for laughs.
Rayderr
Footballguy
Ehhh, that was close.
No guts, no glory. I didn't bet anything I wouldn't have been comfortable losing anyhow.
I'm starting to lose the value of money, like nothing matters in my current situation.
1.) I've still got over $2,000 in my stock portfolio.
2.) I've got a pre-approved credit card for $1,500 sitting on my desk.
3.) I've got over $1,000 available on my current credit cards.
4.) I get paid $500 on Thursday.
5.) I finally got paid my $300 from that dirtbag for winning that Fantasy Football League.
6.) My bills are only like $200 a month ($45 phone, $45 insurance, $90 gas). The remaining $1,400 is mine to save / spend on whatever I want.
But what's really gotten me thinking is the fact that I'm probably going to get promoted to Assistant Store Manager this time next year at Walgreens. I'll be making about $17.00 an hour at that point.
Current: 11.50 x 40 = $460 a week, $920 a paycheck, $1,840 a month...
Future: 17.00 x 40 = $680 a week, $1,360 a paycheck, $2,720 a month...
In about a year's time, I will have an extra $900 a month to **** around with. It really makes saving money now seem pointless, like in a years time I'll be able to blow $900 a month on something ######ed (say a sports bet) and have the same exact amount of money that I have now.
I might as well be a dumb kid and blow my money on stupid #### while I still have the chance. I really don't know why I don't have my own place to live, feels kind of stupid having all this extra money where I can burn $300 on a whim and not have it really effect anything.
NCCommish
Footballguy
Quote where I think creating additional liabilities for myself creates an asset. You can use that liability to create assets but it is not an asset itself.
AwesomeAuger
Footballguy
Ehhh, that was close.
No guts, no glory. I didn't bet anything I wouldn't have been comfortable losing anyhow.
I'm starting to lose the value of money, like nothing matters in my current situation.
1.) I've still got over $2,000 in my stock portfolio.
2.) I've got a pre-approved credit card for $1,500 sitting on my desk.
3.) I've got over $1,000 available on my current credit cards.
4.) I get paid $500 on Thursday.
5.) I finally got paid my $300 from that dirtbag for winning that Fantasy Football League.
6.) My bills are only like $200 a month ($45 phone, $45 insurance, $90 gas). The remaining $1,400 is mine to save / spend on whatever I want.
But what's really gotten me thinking is the fact that I'm probably going to get promoted to Assistant Store Manager this time next year at Walgreens. I'll be making about $17.00 an hour at that point.
Current: 11.50 x 40 = $460 a week, $920 a paycheck, $1,840 a month...
Future: 17.00 x 40 = $680 a week, $1,360 a paycheck, $2,720 a month...
In about a year's time, I will have an extra $900 a month to **** around with. It really makes saving money now seem pointless, like in a years time I'll be able to blow $900 a month on something ######ed (say a sports bet) and have the same exact amount of money that I have now.
I might as well be a dumb kid and blow my money on stupid #### while I still have the chance. I really don't know why I don't have my own place to live, feels kind of stupid having all this extra money where I can burn $300 on a whim and not have it really effect anything.
So what? That means I think it's an asset? All that means is that I've got a $1,500 credit card sitting on my desk. You realize I need 4 lines of credit established for a year to get an FHA loan? You realize once I get promoted at work, I'll have an extra $900 a month compared to now? I could literally max that card out tomorrow and not worry about it, knowing that in the future I'll be making enough money to completely pay the card off in two months.
That was the point, not that I somehow thought creating additional liabilities someone creates an asset.
Limp Ditka
Footballguy
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