Waiting on my check to arrive...

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  • purecarnagge
    SBR MVP
    • 10-05-07
    • 4843

    #1
    Waiting on my check to arrive...
    took a 70k loan out on a life insurance policy. Check should be here monday.

    Thinking of doing a couple of things... betting sports with it..and doing a chase system to average profit...betting every single day...

    1 bet...you don't chase until you know its lost...so this allows 2-5 bets per day.

    Other options...

    or putting it into the stock market and hoping the market bounces back within 5 years...because in 5 years I will lose the life insurance policy and that would be bad.
  • InTheHole
    SBR Posting Legend
    • 04-28-08
    • 15243

    #2
    I like this option the best

    "or putting it into the stock market and hoping the market bounces back within 5 years...because in 5 years I will lose the life insurance policy and that would be bad."
    Comment
    • firstimer
      SBR High Roller
      • 10-12-08
      • 143

      #3
      hey i just got life insurance to thinking on playing a chase to to see if i can come up a head alittle
      Comment
      • wtf
        SBR Posting Legend
        • 08-22-08
        • 12983

        #4
        buy the stocks, it is boring but some very good companies cheap now
        Comment
        • valdosta
          SBR Hustler
          • 02-09-08
          • 86

          #5
          Looks like you want to go broke if you use that betting "method".
          Comment
          • bigboydan
            SBR Aristocracy
            • 08-10-05
            • 55420

            #6
            I feel buying blue chip type stocks is the best way to go sir. I mean your basically getting like a 40% discount nowadays on most companies.
            Comment
            • mtneer1212
              SBR MVP
              • 06-22-08
              • 4993

              #7
              Stocks -- absolutely are the way to go. You won't have to worry about IBM covering the spread.
              Comment
              • Kingctb27
                SBR MVP
                • 07-16-08
                • 2258

                #8
                Stocks, stocks, stocks
                Comment
                • Tsoprano
                  BARRELED IN @ SBR!
                  • 04-14-08
                  • 26374

                  #9
                  Sports, ill tout u picks.
                  Comment
                  • accuscoresucks
                    SBR Hall of Famer
                    • 11-03-07
                    • 7160

                    #10
                    you can make some great money with a 70k bank here is a great capper to follow long term
                    WOJO


                    this guy is top notch no bs
                    every sport every year is gold with this guy
                    Comment
                    • wtf
                      SBR Posting Legend
                      • 08-22-08
                      • 12983

                      #11
                      hive off 5k for whores and booze, and enjoy the rise in shares and other parts...
                      Comment
                      • purecarnagge
                        SBR MVP
                        • 10-05-07
                        • 4843

                        #12
                        markets are up 10% overnight...I'm all in ...broker getting me in first this morning...
                        Comment
                        • fiveteamer
                          SBR Posting Legend
                          • 04-14-08
                          • 10805

                          #13
                          put it on WNBA futures.
                          Comment
                          • durito
                            SBR Posting Legend
                            • 07-03-06
                            • 13173

                            #14
                            Originally posted by bigboydan
                            I feel buying blue chip type stocks is the best way to go sir. I mean your basically getting like a 40% discount nowadays on most companies.
                            lol

                            Tell me what are valuations at today versus their long term average? Then tell me where you got 40%.

                            Stick to pretending to be a professional sports bettor.
                            Comment
                            • smitch124
                              SBR Posting Legend
                              • 05-19-08
                              • 12566

                              #15
                              Put it on Black...
                              Comment
                              • WileOut
                                SBR MVP
                                • 02-04-07
                                • 3844

                                #16
                                You have to factor your interest rate into this. You borrow money from your life insurance policy and they charge interest on the loan. How much is the interest rate?
                                Comment
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