Quote:
Originally Posted by hi-tech cobra
Compaq,
It appears you are quite distraught over your cobra investment venture. You have lost almost $20K, that's not fun and I'm not going to kick you while you are down. Two questions for you: 1. Have you looked at what your yield would have been had you done some "real" investing?and 2. Who told you a cobra replica was an investment?
Let's take a big company like Microsoft ( http://www.google.com/finance?q=NASDAQ%3AMSFT) as an example: Your $50k would have bought you 1640 shares a year ago. Those same 1640 shares are now worth $33.6K. Nearly the same return you got in your cobra investment.
I wonder how the MS Investment forum members would respond to your complaining? Do you think they would compliment you on your investment savvy or give you a swift kick in the rear for your moaning and groaning?
Most that bought MSFT high are waiting for the market to rebound. Most cobra owners that want to sell are also holding, waiting for the economy to turn around.
Can you hop in a stock certificate and get the rush you could in a cobra? You see Compaq, a cobra is not an investment, it's a "balls to the wall" hobby that pays back with fun, friends and copious injections of adrenaline.
So why such sour grapes. You act like you are the only one who has lost money during this recession. Get over it, bro. |
I didn't lose anywhere near that.I was just referring to how much of a loss
this person that is selling this particular car is or was etc.along with the other guy that someone said sold a car for $88,000.00 and had $127,000.00
in it.Basically referring to how common it is that theses are sold for alot less then people have in them at losing SEVERAL thousand like twenty to forty
thousand versus a few thousand like around $7500.00 in my case.
You don't always have to take what someone offers but i would keep the car
before i would ever end up selling it for $20,000.00 to $40,000.00 less then
what i had in it.I would get my use out of it or get my money back by driving it before that would happen or finishing it and driving it etc.whatever the
case is or was but in some cases you could be better off just selling the car
instead of spending more money to finish it and let someone else finish it
and spend $50,000.00 or another $20,000.00 to complete it totaling out
to $50,000.00 by the time it is done and maybe more.You probably would spend less money by buying one that is already completed or that is redy to drive versus building it from nothing yourself.