What's the rules here? I want to talk about a stock I bought, is that OK?

**Dave** · 08-11-05, 02:30 AM

What do you think about NETeller stock? How much longer can it clime?

**jjgold** · 08-11-05, 06:16 AM

First off if you do not have a lot of cash you have no biz in market as you will get chewed alive. It is a long term game for 95% of people and a blue chip long term game.

There is too much inside info that we never see and only the big time pros see.

You are better off buyiny real estate

**SBR_John** · 08-11-05, 06:38 AM

Neteller scares me. If I was the govt. and I wanted to go after gaming, I may go after the #1 transfer company. Could the govt hurt Neteller? YES. And they could hurt them with just a few words. A couple of staments that they are going after them and those shares could be in trouble. Now they may never...but too risky.

JJ I dont know squat about real estate. What happens if the tennant doesn't pay the rent? I like to lose money the old fashion way: Buy high and sell low. :eek:

**GJMike** · 08-11-05, 08:43 AM

Originally posted by SBR_John

Neteller scares me. If I was the govt. and I wanted to go after gaming, I may go after the #1 transfer company. Could the govt hurt Neteller? YES. And they could hurt them with just a few words. A couple of staments that they are going after them and those shares could be in trouble. Now they may never...but too risky.

JJ I dont know squat about real estate. What happens if the tennant doesn't pay the rent? I like to lose money the old fashion way: Buy high and sell low. :eek:

Renting is not the only way to make money in real estate. In fact, I believe it to be the worst.

Say you had a decent amount of cash. You could buy a lower-end home, fix it up reasonably (dont go overboard).

Depending on where you live, you could be in this house for under $150,000. Now you take that house and lease-option it and carry the note. The quality of tennant you will have will be much better because they are working on eventually buying this house. When you get to the 'carry the note' part you are really in good shape now. You get a decent down payment, and then monthly payments + interest for 30 years. You dont have the hassles of a rental anymore either because they own the house. If something goes wrong, they fix it themselves because it is their house.

Lets think about the numbers.

You want to sell the house for $200,000
10% down is $20,000 in your pocket already.
6% interest is $1,000/mo interst only payment, + whatever principle (say $300)
So on your investment of around $100,000 (after their downpayment and first year mortgage) you are making aroung $15,000/yr for 30 years. 15% on your money for 30 years isnt too bad.

What happens if they stop paying? You keep the $20,000 down payment, all other payments they have made, forclose on the house, and get to do it all over again for free!

Cant lose in real estate.

**Mudcat** · 08-11-05, 09:09 AM

Originally posted by SBR_John

Maybe I can be the first site owner to get a time out. (never was good at following rules) :eek:

I can see you will have to be kept on a short leash.

**marc** · 08-11-05, 09:33 AM

Long term, I think neteller is sell. I don't think the US governement is going to keep gambling in this limbo status, where they'll go after the bookies, but don't really do much to prevent people from playing online. As john said, I think they'll either go after places like Neteller, or the reverse, and they will allow online gambling. But if that happens, paypal will jump right back in. And paypal will crush neteller. Either way, I don't think neteller has a great future ahead of it.

**SBR_John** · 08-11-05, 11:16 AM

I can see you will have to be kept on a short leash.

Good points Mike! I got a ton of respect for guys who can do that. I once tried to bird dog and buy a distressed property at auction. Man that racket is full of sharks! An hour before the auction some guy somehow snagged the property. Well the lender swore to me that it HAD to go to auction just a week before and that they were not allowed to negotiate with me. I was there with cash that I had borrowed from the bank that had a 1% origination fee that I couldn't get out of. Man I felt like Beantown Jim and Cascade after that.

It taught me one thing: you gonna swim with the sharks you better have a frigging banker that doesn't charge an origination fee...and I better keep my day job.

**jjgold** · 08-11-05, 11:22 AM

Mixed use Real Estate is the way to go where you have a few stores and some rentals. If you live in NY City area its a cant miss and the tax write offs are great with commercial property plus long term real estate goes up at a steady rate.

If you buy stocks you will go broke, its just gambling

**Dave** · 08-11-05, 01:39 PM

Any comments on VIP's stock?

**SBR_John** · 08-11-05, 02:38 PM

Any comments on VIP's stock?

Yea! Sure wish I had bought some. I asked if I should buy some on the opening of the public offering and they said we can't comment on that. Yea, thanks for the hot tip

NOT!

In all seriousness, I would never buy any of them because the future is to uncertain. Same as Neteller.

**SBR_John** · 08-11-05, 03:04 PM

ABout gloating after one day(that chit should not be allowed..always pisses me off but I'll do it anyway)?

SBUX Last Change Day's Range Volume
52.41 +1.04 +2.02% 51.30 - 52.65 2,733,313

On second thought .. looks like maybe it under performed the market.

**ijustwant2bpaid** · 03-27-09, 11:43 PM

Originally posted by SBR_John

Neteller scares me. If I was the govt. and I wanted to go after gaming, I may go after the #1 transfer company. Could the govt hurt Neteller? YES. And they could hurt them with just a few words. A couple of staments that they are going after them and those shares could be in trouble. Now they may never...but too risky.

this guys a fukking genius... he foretold the future

**onthewhat** · 03-27-09, 11:47 PM

guy got burried on starbux probably, as did everyone with stock

just looked it up closed at 11.77 today

**ijustwant2bpaid** · 03-27-09, 11:50 PM

i was reading that as well but i chose to give the guy the benefit of the doubt hoping he sold it before it went to crap.. he seems like a pretty fart smeller