Money Question

[IIC]

<< I thought you were on a Personal Business Trip Dave >>

Check the time stamp; that was before I left this morning.

Dave...I'm gonna tell you the same thing I tell my wife..."You want me to remember your schedule???...Email it to me"...Actually...I do tell her that all the time...But you don't have to if it's too much trouble Dave

[Adam]

They get up drag their butts to work and do the same thing through out life for 30 years. Hear is the big kicker most will not have the same job for 30 years. Most will not have a nice nest egg, most will try to climb the latter and realize the ladder was leaning against the wrong wall.

My point find something you LOVE to DO and open your own business and fall on your face enough and you’ll get the best education in the world.

I agree completely with this tought.
I am am not highly educated nor did I hold good grades in school.(note the many spelling mistakes in my post also) Yet, in my short 28 years I started two businesses one succesful for a short period the other a struggle. I learned more about life and making money, learned that there was something the public school dosen't teach. Proper money management. Hence, this question from an obviously educated person probly round 18. That was about the time I was making the wrong decisions with and extremely lucrative company. Only to loose it because of those decisions. The second was a struggle the entire way. A two year real life course on bad partners and stepping up to the plate with no choice tough decisions were needed to be made. With a much older partner who had no concept of simple accounting it was left to me to take over the company's finance and acting manager with my partner as my employee. Once shutting the doors after one successful year and the last year collecting no salary I returned to the the family buisiness to start over. From the lessons I learned I took to the company and from the first day saw how lacking my fathers company had been in the site management. Now five years later we've doubled the size of the company and some, mostly in my last two years as increased influence, my recommendation and contributions consistently increased sales, profits, and quality of service. Today as V.P. of a fair size environmental contracting corp. I'm planning to leave so I can persue my buisnesses I find enjoyable and also has began creating a profit. I'm lucky to have expericened this so early in my life and can only hope it makes up for no colledge education.

None of the knowledge that I used to apply in these situations as well as the successfull investments into projects a companies that I enjoy being a part of where learned in school. Sales and entrapanureship is not tought. In starting and running a buisiness you are always a sales representative to the company. Even more when it's your own cause it's 24/7. It should be and open mindedness encouraged, insted children are being schooled to be employees. Children who have separate trains of thought and ways of learning are being limited due to our standardization and lax stance on increasing the intensity of the eduction in the US public schools...

In response to the students question, IIC is right, same thing as trading on margin. One big difference though. In a margin account they hold assets to balance what you've barrowed. To get Margin Called realy sucks. I experienced this many times five years back. It's bad enough to loose the money, but if it was money lost and now gone but you still have to pay back ican be devistating. Try it out with a credit card. go gamble away a portion of money enough not that hurts to much but makes you feel it. As you pay it back think of if this happend 10 fold or more. Not fun. Unless you are one of the few that are truely successfull, trade with what you can afford to lose. Use that low intrest money for you education. A fully thoughtout and strong business Idea, Plan, use Dicipline to.

Money is not everything. It can make life easier if it is under control. Having alot of money does one no good if some can't achieve positive control. Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.

Succesfull wishes for all who aspire to achieve. Thank's to $$MM$$ and many others on this forum what I learn everday is invauble to futhering my understand of the market.

[IIC]

[QUOTE=Adam] Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.[QUOTE]

Tell that to Continental Airlines...I think BK has been in their Business Plan since 1983

[Websman]

[QUOTE=IIC][QUOTE=Adam] Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.

Tell that to Continental Airlines...I think BK has been in their Business Plan since 1983

I did well with my POTW short on CAL this past week. I'm now thinking that this may be a good long term short. What do you think?

[IIC]

[QUOTE=Websman][QUOTE=IIC]

Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.

I did well with my POTW short on CAL this past week. I'm now thinking that this may be a good long term short. What do you think?

I have no idea...I hate airlines...although I did buy GOL last week and basically broke even on a trailing stop...IIC

[Adam]

[QUOTE=IIC][QUOTE=Adam] Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.

Tell that to Continental Airlines...I think BK has been in their Business Plan since 1983

How many times should a company be allowed to be run into the ground. Can't help 9/11 but.

When I lost my first company I could have bankrupted and went home with out being hurt to much. Instead I took out loans to pay my debts and close my doors honorably. But I was at piece knowing I didn't screw anyone! I didn't leave my mistake for someone else to clean up.

[Adam]

[QUOTE=Websman][QUOTE=IIC]

Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.

I did well with my POTW short on CAL this past week. I'm now thinking that this may be a good long term short. What do you think?

Webs, Speaking of profitting on the down side any view on Walmart. I'm holding walmart puts jan 07 at the money?

Any comments wecome.


"OK, I don't mind bankrupcies when my puts or shorts are properly positioned"

[IIC]

[QUOTE=Adam][QUOTE=IIC]

Bankrupcy and bad buisness are bad for the economy and just plain bad for buisness.

How many times should a company be allowed to be run into the ground. Can't help 9/11 but.

When I lost my first company I could have bankrupted and went home with out being hurt to much. Instead I took out loans to pay my debts and close my doors honorably. But I was at piece knowing I didn't screw anyone! I didn't leave my mistake for someone else to clean up.

Continental went BK at least 2x before 911

[Websman]

[QUOTE=IIC][QUOTE=Adam]

Continental went BK at least 2x before 911

Remember Pan Am??? or TWA???

they both went away like a bad "wif".

[IIC]

[QUOTE=Websman][QUOTE=IIC]

Remember Pan Am??? or TWA???

they both went away like a bad "wif".

Of course...Pan Am went under...years later they came back briefly...but it wasn't the same company...just some jokers who bought the name....Remember Western Air...Eastern Air...PSA...In the early '70's PSA(Not the current one...the old Pacific SW) outfitted their Stews in pink hot pants...Whoa!!!

http://www.scripophily.net/psaairpacsou.html

[Adam]

Sounds to me it either it doen't pay to fly, or there's a bunch of clowns running the buisness.

Speakin of hot pants , flew hooter to Myrtle beech and they had some nice girls aboard. On the way home we got robbed, no hooters girls!!!!

[Websman]

Sounds to me it either it doen't pay to fly, or there's a bunch of clowns running the buisness.

I hope Northwest doesn't go out of business before March. I've already booked tickets to Paris. It would suck to loose the money I paid for them.

[Adam]

I hope Northwest doesn't go out of business before March. I've already booked tickets to Paris. It would suck to loose the money I paid for them.

I think 3 months is a good bet for now. You'll be ok, Just hope they ain't cuttin corners hiring cheap pilots! Have a safe flight....lol

[billyjoe]

There have been over 160 airline bankruptcies since 1979. They're listed on Google. Any airline naming itself PSA (prostate specific antigen) deserves to be penalized. The good news is you're more likely to go bankrupt than crash.

billyjoe

[Adam]

There have been over 160 airline bankruptcies since 1979. They're listed on Google. Any airline naming itself PSA (prostate specific antigen) deserves to be penalized. The good news is you're more likely to go bankrupt than crash.

billyjoe

.......LOL....