thanks, DRE
Actually, my best friend was laid off from an IT job after many years, and decided to form his own company to develop some specialized software. I think it has a lot of potential, and made an investment in it. Over time, I will either lose all that money, or make a bundle. Told him if I lose, we'll still be lifelong friends. If I win, I'll be very happy. Like going to the casino. (Have known him since 1972. Suspect we are brothers separated at birth. This is they friend who "accidentally" introduced me to my wife!)
bb
>Or you coudl do something thats prtty much guaranteed to work. Buy a small
>condo with it and rent it out. The cash to buy it is pretty much free
>(psychologically for you) so you'd be just sitting there getting money even
>if you used a mgmt company to rent it out.
>
>All around though, I'm not sure if asking a bunch of programmers is the
>right way to go. If you have any friends who are serious entrepreneurs, ask
>them what to do or if you can piggy back on one of their activities. The
>good ones make 50% or more of their investments yearly! Did I mention to
>only ask the good ones? They are very likely to be happy to help you.
>
>DRE
>
>-----Original Message-----
>From: Dana Tierney [mailto:[EMAIL PROTECTED]
>Sent: Friday, November 07, 2003 11:09 AM
>To: CF-Community
>Subject: Re: Stock dilemna
>
>
>if you can stand to lose the money if it comes to that i personally think
>that's a pretty good strategy. And get some bonds! the market never *stays*
>up :) but if you can hold your stock you usually will make money with it in
>the long run. Assuming its not an Enron :)
>
>Even if you shouldn't risk more than you can lose, you often have to risk
>to win. Stocks are the way to go if you are looking for profits.
>
>Dana
>
>Ben Braver writes:
>
>> Dana,
>>
>> [see other post re: diversified portfolio]
>> If this stock tanked, I'd be p.o.'d but not badly hurt.
>>
>> Am thinking right after the 1-yr long term cg date of selling enough to
>extract my original investment plus taxes, letting the rest ride for a while
>in search of "gravy".
>>
>> -Ben
>>
>>
>>
>> >Ben,
>> >
>> >The usual investment advice is to buy sound stocks and hold them.
>However,
>> >this assumes a diversified portfolio... it sounds like this is the only
>> >stock you own.
>> >
>> >SO the answer depends on:
>> >
>> >1) if the stock tanks, are you wiped out?
>> >2) are you retiring in five, ten, or fifteen or twenty years...
>> >3) do you believe that the company is fundamentally sound, with good
>> >management, products and policies, and that the market for that product
>is
>> >stable?
>> >
>> >if the answer to 3 is yes then you might want to consider holding some of
>> >the stock, as long as you are not planning to retire real soon. (The
>reason
>> >for the caveat being that if you plan to retire in five years, the
>business
>> >cycle might not have come back around by then)
>> >
>> >In either case thugh I would get my hands on some money, by selling some
>> >stock if necessary, and put it into something else. Municipal bonds are
>> >usually quite safe, I think they are tax free, and they will do well in
>> >times when stocks do not.
>> >
>> >Caution, I am not a financial planner, although I had a securities
>license
>> >in another lifetime and I think what I am telling you here is fairly
>sound.
>> >
>> >Dana
>> >
>> >PS - Oh and btw people seem to think the economy is picking up so the
>stock
>> >price probably is not at the beginning of a nose-dive, unless something
>is
>> >going on with that particular stock.
>> >
>> >Hope that helps and once again I suggest research before actually doing
>any
>> >of this. You will be the one to deal the the consequences o your decision
>> >so make sure you are comfortable with it.
>> >
>> >And congratulations btw, sounds like you work for a good company :)
>> >
>> >Deanna Schneider writes:
>> >
>> >> How much we talking about here, Ben? What are your goals, etc? My
>parents
>> >> did some stock options once and used a one-time capital gains
>> >> exception....not sure if that still exists....and then paid off the
>house, I
>> >> believe. That could be an option.
>> >>
>> >> Oh, to have your dilemna....
>> >>
>> >> -d
>> >>
>> >> ----- Original Message -----
>> >> From: <[EMAIL PROTECTED]>
>> >> To: "CF-Community" <[EMAIL PROTECTED]>
>> >> Sent: Thursday, November 06, 2003 3:58 PM
>> >> Subject: Stock dilemna
>> >>
>> >>
>> >> > so everybody should have such a problem:
>> >> >
>> >> > About a year ago, I took a chance and bought a chunk of my employer's
>> >> stock in my personal account. Bought in at $3.19 a share.
>> >> >
>> >> > Today it closed at $12.40, and has been going up quite a bit lately
>on
>> >> good news.
>> >> >
>> >> > Price before they bought our site and the market turned south was
>about
>> >> $13-$14.
>> >> >
>> >> > So, what to do?
>> >> > Keep it all, hoping for even more gains,
>> >> > Sell an amount corresponding to the original investment, getting my
>money
>> >> out (so anything else is profit),
>> >> > Sell it all (take the money and run).
>> >> >
>> >> > And if I sell, where the heck to put the proceeds?
>> >> >
>> >> > <sigh>
>> >> >
>> >> > -Ben
>> >> >
>> >> >
>> >> >
>> >>
>>
> _____
>
>
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