I spent $100,000 dollars

BForbes · 03-19-2010, 07:14 PM

on Ford stock when it was at $1.26 in November 2008 and now its worth $1,050,000 today. Thats over a million less than two years later. The stock price increased 10.5x and then I woke up.

So I didnt invest that much but there has to be similar stories about there.

CollinsE90 · 03-19-2010, 07:18 PM

Quote:

Originally Posted by BForbes

on Ford stock when it was at $1.26 in November 2008 and now its worth $1,050,000 today. Thats over a million less than two years later. The stock price increased 10.5x and then I woke up.

So I didnt invest that much but there has to be similar stories about there.

i have a friend that bought $2500 of ford stock at that time, now its like $10,000

JayKay335i · 03-19-2010, 08:52 PM

Ehhh... My GE trippled. I lul'ed a little.

808six · 03-19-2010, 08:53 PM

ok everyone, break out your rulers

GreenPlease · 03-19-2010, 09:14 PM

Near the bottom, I was buying BAC at ~$3 a share and turning around and selling front month $2 calls for $1.30 apiece. If I recall, I moved something like 300,000 shares/3,000 calls. Still doesn't make up for some of the losses I had.

ChrisMT79 · 03-19-2010, 09:43 PM

I bought about $2000 worth at $4 and $2 and sold it at $10 last year. Bought my bike with it...

solefald · 03-19-2010, 10:02 PM

Speaking of $$. I just rolled over my old 401k into IRA but i have no idea what to do with that now. Can someone point me in a direction where i can learn about it. I can't really find anything useful on the Googles.

JayKay335i · 03-19-2010, 10:38 PM

Quote:

Originally Posted by 808six

ok everyone, break out your rulers

You only need one of those mini rulers for me. My ass is a broke student. The money was whatever was left from a trust fund type deal my grand parents had put 1k in 25 years prior. Hit 15k by ~20yrs old which was nice, once I turned 21 it was down to ~3k. So only $3k worth of GE at $6 a share.

I trippled my money. I'm still a broke ass.

persian54 · 03-19-2010, 11:15 PM

how about 30k in C when it dipped below $1 and then sell when it went up to 8?

or 50k in BAC when it was about $4, and sell at 17?

How ELSE does a 21 yr old buy a 335i vert fully loaded and spend $$$ on mods?
and pay for a gf?
and look at condos and houses for investments?

and my dad said don't do stocks... :P

then again, i DID lose a lot on the C/JPM/BAC when they were priceeyyy

also I lost a lot when WaMu died...
but hey you live and learn and lose and then go back up :P

I sold my Ford at $5
i thought i was plenty lol

Schumacher · 03-20-2010, 01:08 AM

Quote:

Originally Posted by JayKay335i

I trippled my money. I'm still a broke ass.

Parents aren't, right?

Schumacher · 03-20-2010, 01:10 AM

You know, i only remember C at $5. Never 8.

JayKay335i · 03-20-2010, 01:13 AM

Quote:

Originally Posted by Schumacher

Parents aren't, right?

They do well for themselves. Helping me with the first year of grad school. I worked the year between college and grad school to pay for the car, if thats what your getting at. I plan on taking out loans for the rest of school because I don't want my education to substantially affect their finances so close to retirement and the market collapse.

Schumacher · 03-20-2010, 01:19 AM

Quote:

Originally Posted by JayKay335i

They do well for themselves. Helping me with the first year of grad school. I worked the year between college and grad school to pay for the car, if thats what your getting at. I plan on taking out loans for the rest of school because I don't want my education to substantially affect their finances so close to retirement and the market collapse.

Didn't mean that in a bad way, btw. You sound very responsible for investing the $3,000 rather than spending it and considering your parents finances.

BMW F22 · 03-20-2010, 01:34 AM

I wanted to buy some Ford and GM stock but no money. Things that go down must come up. Just like the DOW. It was crazy how it went to sub-6000 and now it's at about 11,000 or so (IIRC). That just means that stocks have been going up and up. Like Warren Buffet's motto- buy low and sell high.

Dan in PA · 03-20-2010, 01:52 AM

Quote:

Originally Posted by Schumacher

You know, i only remember C at $5. Never 8.

, it hasn't been $8 at all in the last year.

persian54 · 03-20-2010, 02:19 AM

Quote:

Originally Posted by Dan in PA

, it hasn't been $8 at all in the last year.

Yup

it's been a while

it's at 3.9 now after hitting a little over 4 this week

Was at about 3.2

I hope it goes over 5 again

persian54 · 03-20-2010, 02:22 AM

Quote:

Originally Posted by BForbes

on Ford stock when it was at $1.26 in November 2008 and now its worth $1,050,000 today. Thats over a million less than two years later. The stock price increased 10.5x and then I woke up.

So I didnt invest that much but there has to be similar stories about there.

May I ask what made you hold onto it for so long?

It's hard to hold a stock after one's profit has been multiplied several
folds.

Is it because you trusted ford? Or that you weren't tracking it?

I'm very eager to learn from a millionaire

persian54 · 03-20-2010, 02:23 AM

Quote:

Originally Posted by BMW E90

. Like Warren Buffet's motto- buy low and sell high.

I'd be down to have lunch with that man.

Though I've read it costs like a million $$

persian54 · 03-20-2010, 03:13 AM

Quote:

Originally Posted by dark335i

Wait so the OP made ~$1 mill!?

If he sold

Unless he's still holding

then it's an unrealized gain of about $1mill

Dan in PA · 03-20-2010, 03:44 AM

Quote:

Originally Posted by BForbes

on Ford stock when it was at $1.26 in November 2008 and now its worth $1,050,000 today. Thats over a million less than two years later. The stock price increased 10.5x and then I woke up.

So I didnt invest that much but there has to be similar stories about there.

Gentlemen.

mrgoochio · 03-20-2010, 04:05 AM

he was dreaming, hence the waking up

DimSum · 03-20-2010, 04:08 AM

lol i thought you bought a house from what the title says

03-19-2010, 07:14 PM	#1
BForbes Moderator 591 Rep 4,240 Posts Drives: BSM 135i/AW E90 M3 Join Date: Feb 2007 Location: Orlando, FL iTrader: (0)	I spent $100,000 dollars on Ford stock when it was at $1.26 in November 2008 and now its worth $1,050,000 today. Thats over a million less than two years later. The stock price increased 10.5x and then I woke up. So I didnt invest that much but there has to be similar stories about there. __________________ - 04 Honda S2000(gone)
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03-19-2010, 08:52 PM	#3
JayKay335i Banned 198 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	Ehhh... My GE trippled. I lul'ed a little.
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03-19-2010, 08:53 PM	#4
808six Second Lieutenant 16 Rep 274 Posts Drives: AW 335 COUPE Join Date: Nov 2005 Location: HAWAII iTrader: (1)	ok everyone, break out your rulers
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03-19-2010, 09:14 PM	#5
GreenPlease Lieutenant Colonel 146 Rep 1,629 Posts Drives: BMW 335i e92 Join Date: Feb 2008 Location: Orlando Florida iTrader: (2)	Near the bottom, I was buying BAC at ~$3 a share and turning around and selling front month $2 calls for $1.30 apiece. If I recall, I moved something like 300,000 shares/3,000 calls. Still doesn't make up for some of the losses I had. __________________ Cars>Women
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03-19-2010, 09:43 PM	#6
ChrisMT79 Lieutenant Colonel 371 Rep 1,517 Posts Drives: 2015 F80 M3- Alpine White Join Date: Sep 2007 Location: Everywhere iTrader: (6)	I bought about $2000 worth at $4 and $2 and sold it at $10 last year. Bought my bike with it...
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03-19-2010, 10:02 PM	#7
solefald Nigerian Prince 396 Rep 2,180 Posts Drives: '11 F25 Join Date: Apr 2008 Location: San Diego, CA iTrader: (2) Garage List '11 BMW F25 [0.00]	Speaking of $$. I just rolled over my old 401k into IRA but i have no idea what to do with that now. Can someone point me in a direction where i can learn about it. I can't really find anything useful on the Googles. __________________ http://soundcloud.com/djtchort
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03-19-2010, 11:15 PM	#9
persian54 Lieutenant General 970 Rep 15,818 Posts Drives: M760/G83M4 Join Date: Jun 2009 Location: The Valley, SoCal iTrader: (298)	how about 30k in C when it dipped below $1 and then sell when it went up to 8? or 50k in BAC when it was about $4, and sell at 17? How ELSE does a 21 yr old buy a 335i vert fully loaded and spend $$$ on mods? and pay for a gf? and look at condos and houses for investments? and my dad said don't do stocks... :P then again, i DID lose a lot on the C/JPM/BAC when they were priceeyyy also I lost a lot when WaMu died... but hey you live and learn and lose and then go back up :P I sold my Ford at $5 i thought i was plenty lol __________________ From E93 335i to E89 Z4 to E93 M3/E89 Z4 to E350/SL550
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03-20-2010, 01:10 AM	#11
Schumacher Second Lieutenant 29 Rep 219 Posts Drives: E90 Join Date: Jul 2009 Location: A Box iTrader: (0)	You know, i only remember C at $5. Never 8.
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03-20-2010, 01:34 AM	#14
BMW F22 Major General 3661 Rep 9,783 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	I wanted to buy some Ford and GM stock but no money. Things that go down must come up. Just like the DOW. It was crazy how it went to sub-6000 and now it's at about 11,000 or so (IIRC). That just means that stocks have been going up and up. Like Warren Buffet's motto- buy low and sell high.
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03-20-2010, 04:05 AM	#21
mrgoochio 135i Coupe Owner! 48 Rep 1,009 Posts Drives: 2008 BMW 135i Coupe Join Date: Oct 2007 Location: Los Angeles iTrader: (0)	he was dreaming, hence the waking up __________________ 2008 BMW 135i Coupe Jet Black Sport Pkg. P1 Lemon Boston Leather High Gloss Black Trim Comfort Access System
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03-20-2010, 04:08 AM	#22
DimSum Banned 230 Rep 2,740 Posts Drives: SLOW Join Date: May 2008 Location: LITTLEBIMMER.COM iTrader: (10)	lol i thought you bought a house from what the title says
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