Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (52925)	9/6/2013 9:59:22 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 85487

It would probably make life BETTER for the people there. Like the 1,200 people killed in Iraq last month?

To: RMF who wrote (52925)	9/7/2013 10:53:06 AM
From: koan	Read Replies (4) \| Respond to of 85487

When I explained I had gotten wiped out in 08, instead of people being sympathetic, almost everyone was callous, rude or mischaracterized what had happened. So my answers were flippant. Except to you in the PM. But on second thought, here it is in a nut shell. I was in my mid 60's. I am lucky as I can make a good living working only a few ours a day, but I wanted to retire and also help my kids buy houses. If I had simply invested my money in a prudent manner, that would not change my life, or allow me to do what I wanted, as I would still have to work. But if I took my investments and swung for the fence and caught a few 10 baggers, I could retire. And I was a pretty good trader. As you know, we wt traders can often make 10 baggers. In 1987 I saved myself from bankruptsy buying Pegasus wts for .30 and selling them up to over $5. A 20 bagger at its zenith. So I was playing risky wts on purposes e.g. NGD B wts instead of A wts. The leverage on B wts was something like 20 to 1, while the A's were 3 to 1. Can't remember exactly. In short, if I could turn my investment into a 10 bagger I was done and could travel the world. If I lost it I had a good job and was no worse off. I lost it. But the gamble I made was thought out and I don't regret it. There is a concept called Pascal's wager. In short, it means whenever you have a finite chance to gain infinity you take it. So that was what I was doing.