Hee heee hee heee.....ahh heee heee heee hee
LOL...ha ha haaa ...........but who knows............. anything is possible :eek:
LOL...ha ha haaa ...........but who knows............. anything is possible :eek:
tryin to buy an nsx
- Thread starter keyser1
- Start date
LOL
This thread is hilarious and reminds me of my first real trip to Vegas.
I went with 5k and my friend and I sat at the bar at the Mirage over looking the roulette wheels.
We waited till we saw 8 blacks or reds in a row, we then run over to the table and started betting $100 bets on the opposite color.
-100
-200
-400
-800
-1600
-3200
As you can see a recipe for disaster.
The funny thing is after 3 days I was up to 15k believe it or not.
The night we were supposed to leave I went out on Sahara where all the car dealerships where and I saw a fantastic deal on a red Corvette $19000 (this was 15 years ago).
I decided not to go home but make an additional 4k and buy it and drive it back to Toronto.
Well needless to say I ended up coming home 2 days later with my original 5k and no Corvette.
It was fun though and it was the start of a very long effort to try and beat the Casino's.
Needless to say 15 years later after trying everything from counting cards to studying poker for several years, with all the money lost during my exploration time I still have not made enough money from gambling to buy that old corvette even now.
I only post this story because you are not trading, you are in a sense just gambling.
Go to Vegas take your 5k and put it on Black press on the same color 5x and you are laughing.
5
+10
+20
+40
+80
Opps can't do that either Table limits
Seriously though reconsider this nsx scheme and study real hard for the next 2 years on a demo account and maybe you can get the 2008 model.
This thread is hilarious and reminds me of my first real trip to Vegas.
I went with 5k and my friend and I sat at the bar at the Mirage over looking the roulette wheels.
We waited till we saw 8 blacks or reds in a row, we then run over to the table and started betting $100 bets on the opposite color.
-100
-200
-400
-800
-1600
-3200
As you can see a recipe for disaster.
The funny thing is after 3 days I was up to 15k believe it or not.
The night we were supposed to leave I went out on Sahara where all the car dealerships where and I saw a fantastic deal on a red Corvette $19000 (this was 15 years ago).
I decided not to go home but make an additional 4k and buy it and drive it back to Toronto.
Well needless to say I ended up coming home 2 days later with my original 5k and no Corvette.
It was fun though and it was the start of a very long effort to try and beat the Casino's.
Needless to say 15 years later after trying everything from counting cards to studying poker for several years, with all the money lost during my exploration time I still have not made enough money from gambling to buy that old corvette even now.
I only post this story because you are not trading, you are in a sense just gambling.
Go to Vegas take your 5k and put it on Black press on the same color 5x and you are laughing.
5
+10
+20
+40
+80
Opps can't do that either Table limits
Seriously though reconsider this nsx scheme and study real hard for the next 2 years on a demo account and maybe you can get the 2008 model.
The purpose of my questions was to determine if you are just passing time here or are really looking to make $100k using $5K unleveraged in 1 year. I'm disappointed to find that you are, in fact, serious. I am not a negative person and I believe strongly in the human power to create. I am not one who will tell you that you can't do it. Anything and everything is possible if you really, really, really, really (that's 4 really's) want it and have good intentions.
I caution you as the others have about crossing the line between trading and gambling. As I have stated in other threads, trading with the object of material benefit as your primary goal is more often than not a recipe for disaster. Instead, trade to be one of the best in your product of choice. Trade as a challenge to yourself to master your emotions, to understand and apply risk management, to overcome your fears, to exercise discipline and to grow intellectually. Once you have done this, you will find that the NSX is no longer a desire and its price is just a drop in the bucket.
Best wishes and good luck. It is amazing to me how the market is such a direct, quantifiable reflection of our true beliefs and of ourselves.
I caution you as the others have about crossing the line between trading and gambling. As I have stated in other threads, trading with the object of material benefit as your primary goal is more often than not a recipe for disaster. Instead, trade to be one of the best in your product of choice. Trade as a challenge to yourself to master your emotions, to understand and apply risk management, to overcome your fears, to exercise discipline and to grow intellectually. Once you have done this, you will find that the NSX is no longer a desire and its price is just a drop in the bucket.
Best wishes and good luck. It is amazing to me how the market is such a direct, quantifiable reflection of our true beliefs and of ourselves.
i had a '94 second-hand nsx, and it broke down pretty often. timing belt always needed to be replaced. transmission had to be fixed a few times. the tires always wore out easily. the shifter sometimes wiggled at high speeds to remind you that it's only a japanese car. you'll be writing a lot of checks beyond the purchase price and insurance because that car will always be in trouble and maintenance and service fees aren't cheap at all. if you ever get one, you're only going to have fun with it for a short while.
Elite Interest,
I really appreciate the solution. It looks real good, but it violates my no-margin rule so unfortunately I have to pass. Also I'm in no rush, I can wait a few months (will give me time to car shop) so I'll probably go with something less aggressive...
cmk,
I imagine ib is probably the cheaper broker too. Ameritrade is cheaper than Fidelity (since fidelity charges per contract on options). But I think I'm going to go with Fidelity for a couple of reasons: My ameritrade acct isn't option enabled and I have to fax them authorization (they don't let you do it online) so that'll take a few days. I already have almost 5k sitting in cash in my fidelity account so don't have to sell any securities. I don't want to lose any time off my schedule (see below) on opening a new account. If I make 100k, whats an extra few k on commissions?
Samson,
Good story. I think lessen learned is that you had a great time and you quit when you broke even.
As far as trading vs gambling. I could spend it all in AC or Foxwoods (closer than vegas), but I figure if it this way i might force myself to learn something that'll have benefits down the road. Or if I don't learn anything then atleast some ppl have have something to laugh at.
Regarding the trade for trading and not for material benefit. I agree with your premise in general, that once you take away the expected/hopeful wealth then you lose any irrational behaviors. But I also think having concrete goals helps one maintain focus...
I've built myself a schedule (cuz every plan needs a schedule) that I can compare my progress too.
The schedule assumes a 34% compound interest per month. For the month of July, since its half done I figure 17% would be good enough. The schedule will have to be updated once I end up paying taxes for 2005 gains, therefore the 06 numbers will need to be adjusted downward.
July 18, 2005...............5,000.0.
August 1, 2005............5,850.00
September 1, 2005......7,839.00
October 1, 2005..........10,504.26
November 1, 2005......14,075.70<--- saturn ion
December 1, 2005......18,861.44
January 1, 2006..........25,274.34
February 1, 2006........33,867.61
March 1, 2006.............45,382.60<--- 10 yr old nsx
April 1, 2006...............60,812.69<--- lexus gs/lotus elise
May 1, 2006...............81,489.011
June 1, 2006..............109,195.27
July 1, 2006...............146,321.66<--- brand new nsx/911/e55
August 1, 2006..........196,071.03
September 1, 2006....262,735.19 <--- f430
*the above cars costs are estimates -- take expected account value, subtract income taxes and should approximate actual car cost
I really appreciate the solution. It looks real good, but it violates my no-margin rule so unfortunately I have to pass. Also I'm in no rush, I can wait a few months (will give me time to car shop) so I'll probably go with something less aggressive...
cmk,
I imagine ib is probably the cheaper broker too. Ameritrade is cheaper than Fidelity (since fidelity charges per contract on options). But I think I'm going to go with Fidelity for a couple of reasons: My ameritrade acct isn't option enabled and I have to fax them authorization (they don't let you do it online) so that'll take a few days. I already have almost 5k sitting in cash in my fidelity account so don't have to sell any securities. I don't want to lose any time off my schedule (see below) on opening a new account. If I make 100k, whats an extra few k on commissions?
Samson,
Good story. I think lessen learned is that you had a great time and you quit when you broke even.
As far as trading vs gambling. I could spend it all in AC or Foxwoods (closer than vegas), but I figure if it this way i might force myself to learn something that'll have benefits down the road. Or if I don't learn anything then atleast some ppl have have something to laugh at.
Regarding the trade for trading and not for material benefit. I agree with your premise in general, that once you take away the expected/hopeful wealth then you lose any irrational behaviors. But I also think having concrete goals helps one maintain focus...
I've built myself a schedule (cuz every plan needs a schedule) that I can compare my progress too.
The schedule assumes a 34% compound interest per month. For the month of July, since its half done I figure 17% would be good enough. The schedule will have to be updated once I end up paying taxes for 2005 gains, therefore the 06 numbers will need to be adjusted downward.
July 18, 2005...............5,000.0.
August 1, 2005............5,850.00
September 1, 2005......7,839.00
October 1, 2005..........10,504.26
November 1, 2005......14,075.70<--- saturn ion
December 1, 2005......18,861.44
January 1, 2006..........25,274.34
February 1, 2006........33,867.61
March 1, 2006.............45,382.60<--- 10 yr old nsx
April 1, 2006...............60,812.69<--- lexus gs/lotus elise
May 1, 2006...............81,489.011
June 1, 2006..............109,195.27
July 1, 2006...............146,321.66<--- brand new nsx/911/e55
August 1, 2006..........196,071.03
September 1, 2006....262,735.19 <--- f430
*the above cars costs are estimates -- take expected account value, subtract income taxes and should approximate actual car cost
Quote from Samson77:
LOL
This thread is hilarious and reminds me of my first real trip to Vegas.
I went with 5k and my friend and I sat at the bar at the Mirage over looking the roulette wheels.
We waited till we saw 8 blacks or reds in a row, we then run over to the table and started betting $100 bets on the opposite color.
-100
-200
-400
-800
-1600
-3200
As you can see a recipe for disaster.
I think it is so funny to listen to people looking at those useless boards above Roulette wheels and say "ohhh look, 5 reds in a row, its gonna be black this time, it has to be, the ODDS are against it not being black".
Like the god damn ball remembers if it was black or red last time, give me a break, those boards have been the all time greatest things for Casino bottom lines, get a bunch of fools who think that a roulette balls previous activity has anything at all to do with future activity for that ball, much less the odds of that ball landing in any specific position / color, and take money from them. By far the best business plan I have ever heard of!!
Maybe the best advice is for Keyser to rent the car for a few days, get it all out of his system and then get back to business. Like you're saying, between sky high insurance rates, huge maintenance costs, the initial capital required to buy the car is a drop in the bucket compared to how much he will blow just to keep the thing running.
