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phaedo

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Posts posted by phaedo

  1. fed law require that the house be in a livable state so u may have to sink more money in it after purchase. houses are being sold for 5K but buyers sometimes have to sink in another 20-50K to make the house "livable" following inspections.

    But if it is not occupied would this still be the case? And what if you were to knock the house down?

    Ken, you are still buying the land the where the house is supposed to be, so even if it is somewhere else in drums, you have the land. Just push the barrels into the lake when nobody is looking..... :D

  2. With the economy as it is I am sure there are good real estate deals to be had. However, I am not that sure of all the ins and outs of buying property in the states, as I am not living there. I am sure there is more to it than it appears, but what is the full story on places listed on ebay such as this one? http://cgi.ebay.com/GORGEOUS-UPDATES-BEAUT...1QQcmdZViewItem

    I just followed a previous listing they had which sold for under $5,000 with 21 bids in the end. Are these deals too good to be true? Or what is actually up with the super-cheap price. Sure, times might be a little tight right now, but it seems there is no outstanding mortgage on the property, so the winning bid buys it outright. Rent it out for even $50 a week and you cover the rates and the interest on the loan (if you were to take a loan on the full price listed), and in 5 years time when things start to get better again sell it for proper market price. Of course, this is just one example, the neighborhood might be bad, the house may need demolishing, there may be no work around, etc etc but on the face of it, what is the full deal?

  3. See Robbie and I were discussing it in PM and he suggested I not just randomly get into it to experiment. But my problem is I don't even understand where to start. Anyone can do normal stock trading like that commercial with the baby suggests but it's stuff like Robbie does that I want to get into. That high action high stake high outcome stuff not just simple 'I'd like to buy 100 stocks of enron' 'I'd like to sell my 100 stocks of enron!'. Unless that's what it is just beefed up to sound really action packed? (no offense if it is) because it obviously takes a great deal of skill to be good at it

    He also suggested getting into sims of stock trades and stuff but never answered my question about the realistic aspects of it. Like in the sims there is a sell button that you click sell and the stocks are sold... stuff like that doesn't happen in real life does it?

    If you are serious I would suggest doing a course or two, or signing up at one of the brokerage companies that are online - many are free and have paper trading options basically the same as their live platform. I trade with optionsexpress.com (they are one of the few I can trade with here in Aus) have no minimum opening balance, no ongoing fees etc. They seem to be more expensive than other companies for commissions, but as I said, I am limited to the companies that I can use as a foreigner.

    FWIW, I have a finance degree, 2 papers off an economics degree too (should go back and finish that...) so do have some knowledge in the area.

  4. You and maybe even BT will come around at some point,why wait?... ;)

    BT might prefer the smaller watches, I like the big ones, that is not the issue. Big problem is these are 49mm right? I can manage the 45mm PO or the BCE but I am not 6' tall, hence it may look a little bit silly on me. Brilliant watch though, I like everything about it (except maybe the size, would need to see it in person, and the price tag)

  5. @Robbie: I fully comprehend everything you are saying, and the basic problem I have had was of say 10 trades I would have going, 8 of which were paper, 2 of which were live, because that was all the cash I had to be able to trade, I would have a 70% 'win' rate. Problem being, all 7 of the trades I either made on or at least broke even were the paper ones, the 2 that I had real money in ended up losing. I have taken time away from it as that type of thing happening started getting frustrating, but will start paper trading again properly soon I think. In an ordinary sense I wouldn't plan on risking more than 5% of my capital in any one trade, but from where I am right now it is a case of needing to put 50% of the capital into any trade just to break even on commissions with a low expected return. And just to clarify, I specialize in options trading only.

  6. Oh yeah, me, I'm a trader. I own a private equity hedge fund which primarly trades specialzed derivative based return enhancement strategies for institutional clients (investment banks and larger hedge funds). I also have a software company that develops automated trading systems, risk management systems, and productivity tools again for larger funds, institutions, and money managers. And no, we are not down from these markets as that question always seems to come these days. Times are great. We trade many volatility keyed strategies and as such had a record year in 2008 for many of our asset classes for absolute returns. Great times for traders, the worst for investors...

    Pretty much where I wanted to be 2 years ago Robbie, although problems of getting into the business to start with, then trying to trade on my own with not enough capital and getting into the wrong trades when I did trade... took a long position on one stock a year ago; the options expired worthless - worse luck they basically tanked a week after I got into the trade, dropped 50% of their value in the last few months but are back to where they were. Timing is everything. Every trade I looked at just went the exact opposite way to what I thought it would do, so got frustrated, have hardly even looked at the market in the last 4 months. One day I will get back into it though. Preferably while sitting on a beach with some form of alcoholic drink with a straw in it.

  7. phaedo - the original inspiration for the Panerai 666

    Always liked your one, but alas you had long since sold it when I asked about it, but then when Flav was building them a few months ago I jumped at the chance to pick one up. Lume not as good as I would like, but merely because it is black lume. Although i may have to wear it more often, I never get the nice watch comment by people, but I did finally get a comment on how cool it was by a cute brunette at a party last weekend. :D

  8. Agree with Freddy, as a tool watch that most models are aimed at the diving crowd, for their ruggedness, this blow would be no more impact than accidentally bumping your arm into a door frame. This sort of easy damage would mean the watch cannot really be used for anything that would actually keep it fully wound! Maybe he should get a rep and use the bezel out of that as a replacement ;)

  9. Got my BCE that I have worn hard for over 2 years.

    DSC000571.jpg

    Wear others out, but this is the daily beater that stays on the wrist for everything. The close up looks even worse...

    DSC00057a.jpg

    But it is keeping very good time, seems to be accurate to within 30 seconds a week. And having screws not pins helps the bracelet stay on when I need to use a chainsaw.

    But really, it just needs a good wash I think...

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