Happy Days are here again???

[KrokHead]

[Carson]

Ha Ha!

Better than what I was thinking...or the version I've been practicing.

Annette Hanshaw - Happy Days Are Here Again



Those were happy days.

[heavenlyboy34]

I often mention that the stock market moves hand in hand with inflation. When they double the supply of money it takes twice as many to buy the same amount of stock.

That 's the way I see the market as a whole move on average. That doesn't mean that someone that has a feel for such things can't do better than average.

Lately I've been driving past the Tesla car plant and seeing it really pick up with cars in the parking lot. It looks like it is hopping.

I've also heard they are still borrowing money to get going. That used to be the real reason for stocks. Someone had an idea but didn't have all of the money to get started so people would pool enough funds to get started and then take shares in the profits. I think back in those days the market remained flat but the dividends rolled in.

Now we seem to play it thinking because it is going up were making a gain. On average you break even. Then the capital gains taxes take you to the cleaners on the illusion of a gain.

Still now may be a time to get down to the old basics with a Tesla purchase.

Then again we have people that have been living in such a way as they can never spend enough to feel secure. Even if you don't believe in a god many of the rules in the Bible still apply. Some of it is kind of a psychology book on the rules of messing up. ??? We should have never gotten out of hand the way we have.

It is tough to tell what the future will bring.

Or is it?

What are your thoughts on penny stocks? I've thought about picking some up on occasion, but never got around to it. (anyone else can chime in on this, btw)

[Carson]

What are your thoughts on penny stocks? I've thought about picking some up on occasion, but never got around to it. (anyone else can chime in on this, btw)

It has been so long that I've really considered buying any stock that I don't know how much of a factor it played in my life.

It could be that, that was my first idea of giving stocks a try and got me into a brokers office. Anyway from there they gave me a little paper back book that explained the basics of stock trading and buying bonds.

I think at the time I had a thing for Apple Computer. That may have been my first purchase. The broker thought with my amount of money I should stick with one companies stock. I on the other hand wanted to be a part of more than one company. It was fun.

If picking a penny stock gets you in the game I'm thinking win or lose, currency wise, you could learn some valuable lessons. If all else fails at least stick it out until the fun runs out.

Back then it was about ten percent markup on top of your purchase. They took out ten percent when you sold. Then the capital gains taxes were due. No E-Z form at tax time either.


Note: I have never seen a worse time in history to run a business. Tried and true business models that have stood up to the eons are being crushed under strain of the counterfeiters. Globally.

Still... could be fun.


Tesla

http://www.teslamotors.com/

Tesla stock price ($38.30 at posting time)(Not a lot of pennies);

https://www.google.com/search?hl=en&...rp.nl13P26JR1c


Old news;

http://www.latimes.com/business/mone...,7770054.story

[Carson]

Hot news concerning Tesla on Fark.

Department of Energy reaffirms that the U.S. is still dedicated to getting a million electric cars on the road, Difficulty: Finding a million people who live their entire life in a five mile radius


Article;

http://www.mercurynews.com/business/...s-but-deadline


Comments;

http://www.fark.com/comments/7570846...ve-mile-radius

[enoch150]

What are your thoughts on penny stocks? I've thought about picking some up on occasion, but never got around to it. (anyone else can chime in on this, btw)

I paid for a year of college with $2,000 by playing with penny stocks. Then I lost and had to get a job. Tried a second time and got burned again. Never touch them, now. Most of them aren't viable businesses and most of the rest are scams. They're usually penny stocks for a good reason.

Much better to just pick up 10% - 20% per year with regular stocks.