Drug of choice...

[lonewolf]

If anyone would like to buy stock in just about any major company and pay virtually no commisions or fees, e mail me and I'll tell you.

Can I sell OTC BB shares already acquired in private placements and IPOs? Huh? lol!

Company reinvestment plans. Its a great way to accumulate shares with cost averaging. It might be a good way for some on this board to begin buying stocks. You still have to buy that 1st share or block of shares to get started on a particular stock and you still need a broker to cash in.

[paulwunder]

If anyone would like to buy stock in just about any major company and pay virtually no commisions or fees, e mail me and I'll tell you.

Can I sell OTC BB shares already acquired in private placements and IPOs? Huh? lol!

Company reinvestment plans. Its a great way to accumulate shares with cost averaging. It might be a good way for some on this board to begin buying stocks. You still have to buy that 1st share or block of shares to get started on a particular stock and you still need a broker to cash in.

This is exactly why I never post on these things.

Is an IPO (Initial Public Offering) a major company? No.

Does the average person know what "over the counter" means? Probably not. Does it matter? No.

Do you always have to buy the first share of stock through a broker? No.

Can you sell or transfer your shares without a broker? Yes.

[bassist_25]

So then....buy an apartment building and move into one of the apartments! Let your tenants pay your rent and your bills! Make sure you get the nicest apartment....spend a few extra grand and put in a jacuzzi and all the other bells & whistles. If you live there 2 years, you can eliminate a % of the capital gains when you sell it.

Jeff, I like how you think. And I'm all for eliminating capital gains. What a bullshit tax (captial gains that is). I should become the Donald Trump of Central Pa. That would rule!!!

Frank, you'll totally dig going to school for economics and finance. I'm trying to pick up an Associate's in business managment along with my psych degree. I'm not gong to prolong my stay though just to get it. If I don't have it by the end of the four years, I'll just finish it up in grad school.

[f.sciarrillo]

Frank, you'll totally dig going to school for economics and finance. I'm trying to pick up an Associate's in business managment along with my psych degree. I'm not gong to prolong my stay though just to get it. If I don't have it by the end of the four years, I'll just finish it up in grad school.

Yeah I can't wait to start .. And Trump Rox, He's the man ..

[lonewolf]

This is exactly why I never post on these things.

Is an IPO (Initial Public Offering) a major company? No.

I put the lol in there to make my 1st sentence supposed to sound funny, not a cut on your post. I thought all those acronyms might get a laugh. Sometimes the mood just doesn't shine thru.

The purpose of my post was to mention that it might be a good way for some on this board to go about investing.

IPO doesn't necessarily mean not major either. Don't forget UPS or Google or other large private companies that go public. As for the little ones...pick them right and you can get profits in the thousands of %.

[lonewolf]

Jeff, I like how you think. And I'm all for eliminating capital gains. What a bullshit tax (captial gains that is). I should become the Donald Trump of Central Pa. That would rule!!!

Thanks Paul, but that wasn't a thought...it was an experience. That's exactly what I did after getting laid off from my cushy DOD/NSA job in 1990. Tax sales, rennovation, vermin elimination....can't get the jacuzzi in? Rip the f'ing wall out. Can't get the jacuzzi upstairs? Rip the f'ing steps out.

[bassist_25]

Jeff, I like how you think. And I'm all for eliminating capital gains. What a bullshit tax (captial gains that is). I should become the Donald Trump of Central Pa. That would rule!!!

Thanks Paul, but that wasn't a thought...it was an experience. That's exactly what I did after getting laid off from my cushy DOD/NSA job in 1990. Tax sales, rennovation, vermin elimination....can't get the jacuzzi in? Rip the f'ing wall out. Can't get the jacuzzi upstairs? Rip the f'ing steps out.

I always wanted to look into real estate, but I never really knew how long the window would be until I started to see a profit. Owning apartment buildings always sounded really cool, but what would the overhead be like on something like that?

I've heard of people scoring property off of tax sales that have prices so low, they're funny. I couldn't get into real estate for a while (as always, school's priority one right now), but I've been looking into income suppliments and ways to accululate wealth after I graduate.

My aunt once told me something that always stuck: It's always good to have property as an asset because they're not making any more land.

[paulwunder]

IPO doesn't necessarily mean not major either. Don't forget UPS or Google or other large private companies that go public. As for the little ones...pick them right and you can get profits in the thousands of %.

You know these statements are a little misleading. Especially if you know what you are talking about (I’ll assume for the sake of this conversation you do). Your average investor will NEVER GET a shot to buy into an IPO at the lowest share price. Right? And you should know why, right?

As far as picking a “little one” and making a 1000% profit, you probably have a better shot of winning the Lottery. Right? Just because you (may or may not) have hit on an exception to a rule in your personal experience, the rule is still in effect. It’s much more likely a $25.00 a share stock will go up 50% than a $2.50 per share stock (or a .25 per share stock).

[lonewolf]

IPO doesn't necessarily mean not major either. Don't forget UPS or Google or other large private companies that go public. As for the little ones...pick them right and you can get profits in the thousands of %.

You know these statements are a little misleading. Especially if you know what you are talking about (I’ll assume for the sake of this conversation you do). Your average investor will NEVER GET a shot to buy into an IPO at the lowest share price. Right? And you should know why, right?

As far as picking a “little one” and making a 1000% profit, you probably have a better shot of winning the Lottery. Right? Just because you (may or may not) have hit on an exception to a rule in your personal experience, the rule is still in effect. It’s much more likely a $25.00 a share stock will go up 50% than a $2.50 per share stock (or a .25 per share stock).

True or false: An IPO cannot be a major stock.

Answer: False. What's so misleading about that?

Yes, the average investor doesn't get the IPO price...for the inverse reason that I do, on occasion, get the IPO price on some offerings. Let's just say that I'm qualified in some circles and leave it at that.

Lottery odds are astronomical, in the 1:millions range. The odds of picking a little stock that pays off with 4 digit % gains are quite finite, considering the relatively limited number of little stocks. At random, its probably only 1:3000, if that. Of course, you can research these odds down quite a bit.

I have done that 3 times, am holding a possible 4th and am mailing a check for a pre-IPO private placement tomorrow. I have also had many disappointments and a few times when I didn't pull the trigger on time. I don't recommend this sort of activity for the average or newbie investor.

For them, I recommend watching Jim Cramer weekdays at 6 on CNBC. Even if you don't intend to invest, its like watching Sam Kinison reincarnate.

[f.sciarrillo]

I always wanted to look into real estate, but I never really knew how long the window would be until I started to see a profit. Owning apartment buildings always sounded really cool, but what would the overhead be like on something like that?

I've heard of people scoring property off of tax sales that have prices so low, they're funny. I couldn't get into real estate for a while (as always, school's priority one right now), but I've been looking into income suppliments and ways to accululate wealth after I graduate.

My aunt once told me something that always stuck: It's always good to have property as an asset because they're not making any more land.

The thing with buying a tqax property is that the individual still has a certain amount of time to pay for the taxes. So if you buy it and they come up with the money. Anything you put into it is down the drain because they will get it back. This is one reason I will never buy a tax sell property.

As for Real Estate, that I think would be fun. It would be kinda cool to have my own borkarage as well. I been looking into it for a long time now.

Lonewolf - When I get my account with whatever company I will go with. I was thinking of delving into penny stocks. Would you say that is a good idea ??

[lonewolf]

The thing with buying a tqax property is that the individual still has a certain amount of time to pay for the taxes. So if you buy it and they come up with the money. Anything you put into it is down the drain because they will get it back. This is one reason I will never buy a tax sell property.

As for Real Estate, that I think would be fun. It would be kinda cool to have my own borkarage as well. I been looking into it for a long time now.

Lonewolf - When I get my account with whatever company I will go with. I was thinking of delving into penny stocks. Would you say that is a good idea ??

That can be true in NJ, but here is the truth about tax sales in PA:

In Pennsylvania, when the gavel is struck on a judicial tax auction, the prior owner is SOL and has no recourse whatsoever to recover their property...none. Its yours, free and clear, the moment you get the receipt. The Judicial Tax Sale dissolves all liens on the property with the exception of federal liens. The feds have 120 days to make a claim. According to the Blair Tax Claim Bureau, they have never made a claim.

As for penny stocks, I wouldn't recommend them unless you have "mad money" that you don't need and can stand to lose. One of my favorite sayings is:

"If I had all the money I lost trying to get rich quick, I'd be rich!"

Seriously, watch Jim Cramer at 6 or 9 pm on CNBC. Its like watching Sam Kinison explain stocks. He really has a great philosophy on traditional investment methods.

[bassist_25]

I love Jim Cramer. It's like the guy needs a mega-dose of Adderall. He knows his stocks though. You can ask him about some nothing company out in BFE and he'll be able to tell you if they have potential or not.

[Ron]

It would be kinda cool to have my own borkarage as well.

That is the funniest typo I've seen in quite a while. Thanks for the belly laugh.

[f.sciarrillo]

It would be kinda cool to have my own borkarage as well.

That is the funniest typo I've seen in quite a while. Thanks for the belly laugh.

lol !! There I am typing faster than I am thinking again lol .. It kinda looks like a start trek borgish type thing: "Resistance is futile, you will be assimilated" ..

[f.sciarrillo]

That can be true in NJ, but here is the truth about tax sales in PA:

In Pennsylvania, when the gavel is struck on a judicial tax auction, the prior owner is SOL and has no recourse whatsoever to recover their property...none. Its yours, free and clear, the moment you get the receipt. The Judicial Tax Sale dissolves all liens on the property with the exception of federal liens. The feds have 120 days to make a claim. According to the Blair Tax Claim Bureau, they have never made a claim.

As for penny stocks, I wouldn't recommend them unless you have "mad money" that you don't need and can stand to lose. One of my favorite sayings is:

"If I had all the money I lost trying to get rich quick, I'd be rich!"

Seriously, watch Jim Cramer at 6 or 9 pm on CNBC. Its like watching Sam Kinison explain stocks. He really has a great philosophy on traditional investment methods.

I was thinking the same thing ... It would be kinda like a gravy train. I'll have to check out that guy on cnbc. They must have changed the tax laws also. The last time I checked, this was a while ago, it was like I stated. Thanx for the info ...

[lonewolf]

I was thinking the same thing ... It would be kinda like a gravy train. I'll have to check out that guy on cnbc. They must have changed the tax laws also. The last time I checked, this was a while ago, it was like I stated. Thanx for the info ...

I've been buying real estate at the judicial tax sale under these rules in Blair (once in Centre) County since 1986. I bought more than 20 properties at these sales. Never had a legal problem. Had a lot of roof problems.

[songsmith]

I heard a rumor that real estate is up 13% in the last year. That as good a return on investment as you're gonna get without a lottery ticket. My mortgage is just under 5%.. I'm making a profit without even thinking about it... assuming I'll sell, which I won't.
As far as being a "slumlord" again, based on my parent's experiences when I was a kid, and some friends' later trials and tribulations... no thanks. I'd sooner buy a lot along I-99 somewhere and wait out the highway extension. A small farm at the Pinecroft interchange recently sold for just under a million dollars. Not a bad retirement plan, right there.
Oh, and for the record, I don't wear Mom jeans. Not in public anyway. What I do in the privacy of my own home is my business. ----->JMS

[ToonaRockGuy]

I'm about the most financially retarded person alive in the Commonwealth of PA today, but I'm doing okay with my home. Bought it last November at 5 and a quarter percent and actually got an offer on it last week for about one and a half times what I paid for it. (I'm not selling the house, can't figure out why someone wants to buy it.)

I've been trying to figure out if I should get some sort of financial advice, but then I look at my checkbook and realize I can't afford it, or understand it. Like I said, I'm financially retarded.

[lonewolf]

I'm about the most financially retarded person alive in the Commonwealth of PA today, but I'm doing okay with my home. Bought it last November at 5 and a quarter percent and actually got an offer on it last week for about one and a half times what I paid for it. (I'm not selling the house, can't figure out why someone wants to buy it.)

I've been trying to figure out if I should get some sort of financial advice, but then I look at my checkbook and realize I can't afford it, or understand it. Like I said, I'm financially retarded.

Kevin, here's rule #1: Live in it for at least two years and you won't have to pay any federal income tax on the capital gains (profits) when you sell it.

If you make $100,000 profit on a house, that would be about $35,000 in federal taxes you wouldn't have to pay. Remember...2 years.

[f.sciarrillo]

I was watching the Carleton Sheets infomercial last night. I think his approach to buying real estate is funny .. No money down, but yet pay 50,000 a month in mortgages. When will he learn that not everybody sells their house on article of agreement ??

I never read a book one of his, but I can pretty much guess what he is talking about. What he is saying is that you talk the person who is selling the house to give it to you on article of agreement and sign it over to you. You then go to the back and say you want to refinance it. At this point you pay the people the money they want for it. You then rent it out, charge a couple of hundred more than the mortgage, and pay the mortgage on it every month. and keep the rest as profit. Providing the tenants actually pay their rent every month.

Something like that could work. If you would get a couple of properties doing the same thing that would give you extra cash to pay on the house. That means it would be payed off faster. The more properties you get the faster it can be paid off. eventually you would get to were you are paying cash for each property. That would kinda cool .. But it would also be nothing but a big head ache. Sounds like fun .. I'm still not convinced to spend 200.00 for it though. As, I think it is stupid to pay 200.00 for a course of 20 cd's to just get that bit of information ..

[songsmith]

Here's how Carleton Sheets REALLY makes money:

Sell some schmucks a course on how to make money. Of the naive idiots who buy, tell them they need to take another course to get to "the next level." Keep doing this until they figure out they are bent over a stump with their pants around their ankles, or until they are bankrupt. Repeat with new schmucks.

If he really made SOOOOOO much money doing that crap, why create your own competition by giving away the secret? Why go to the expense and bother of doing videos and seminars? Why not sit around and collect your money?
If anybody besides your closest friends and family want to "make you money" tell 'em to get bent. And keep an eye on the friends and family, too. -------->JMS

[f.sciarrillo]

Here's how Carleton Sheets REALLY makes money:

Sell some schmucks a course on how to make money. Of the naive idiots who buy, tell them they need to take another course to get to "the next level." Keep doing this until they figure out they are bent over a stump with their pants around their ankles, or until they are bankrupt. Repeat with new schmucks.

If he really made SOOOOOO much money doing that crap, why create your own competition by giving away the secret? Why go to the expense and bother of doing videos and seminars? Why not sit around and collect your money?
If anybody besides your closest friends and family want to "make you money" tell 'em to get bent. And keep an eye on the friends and family, too. -------->JMS

This is basically what I was saying. But in a diff way .. That is how a lot of them things are. They say you only pay this small amount to get the information. They then call you about ten times a week wanting you to pay them a couple thousand more to get more info, in the same time telling you that with this "Other" info you have more of a chance to be more successful. Con artist is all they are .. If you read ripofreports.com you can some complaints about them ..

[YankeeRose]

I still like qualudes (714 variety) and pot!

tornandfrayed, THANK YOU for the





Peace,
YankeeRose