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[Investments] Topic: investing 60k |
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i_cant_stop |
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Prospect
Joined: Nov 2007
Posts: 255
Location: California |
#1 Posted: 7/29/2012 5:59:05 AM i have just landed 60k from a lottery tix. i wanted to know if its a good idea to invest the money into the etf proshares ultrapro s&p500(UPRO). its a 3x s&p 500 leveraged fund. the way i would invest it is by waiting for the eft to drop 10%.
Ex: i would buy $5000 worth of shares if the fund drop 10% from its recent high.
high 4/2/12 $86.89
i would buy it on 4/10/12 at $78.20 that would give me around 63 shares. if i make 10% of the $5000 invest i would sell it and make $500 minus fees and taxes. but if i drop another 10% from the $78.20 i would by buy more but this time it would be $15000
Ex: buy $15k at $70.38 on 5/17/12 =213 shares
so now with an investment of 276 shares worth about $20k i would wait again for it to raise 10% from the $70.38 purchase which accure on 7/3/12 at $77.42. with that sell i would make around $1450 not counting fees and taxes.
Ex: 276 shares at $77.42=$21367.92 minus 63 shares at $78.20 213 shares at $70.38=$19917.54
$21400-$19900= $1500
if for some reasons it happens to fall another 10% i would use the last of my $60,000 -which is $35k- and buy it at $63.34 and sit there and wait for it to come back to $69.67. it might take another month or even years for it to turn a profit but i would still have 828 shares of UPRO in my investment account.
PLEASE GIVE ME SOME FEED BACKS AND EXCUSE MY BROKEN ENGLISH
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i_cant_stop |
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Prospect
Joined: Nov 2007
Posts: 255
Location: California |
#2 Posted: 7/29/2012 6:05:52 AM BTW since its a 3x leveraged fund gaining and/or dropping 10% on this fund happens often in a few months
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SOJ |
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Prospect
Joined: Jul 2012
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#3 Posted: 7/29/2012 8:50:32 PM Honestly, I wouldn't touch the stock market. It is so rigged. You do have a nice plan but what if...it doesn't go up? Do you know when you plan on taking your losses? You know, investing doesn't always have to be the stock market. Good luck with your plan.
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i_cant_stop |
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Prospect
Joined: Nov 2007
Posts: 255
Location: California |
#4 Posted: 7/30/2012 6:07:27 AM "what if it doesnt go up? i would just keep it and not take any loss since the money is free. there are always other investing options out there but i would just sit and wait for it to come back 2-3 yrs from now if the market drop like it did in 2008 to 2009
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PatrickBateman |
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Rookie
Joined: Mar 2007
Posts: 970
Location: Vermont |
#5 Posted: 7/30/2012 10:28:30 AM What other investment opportunities are people suggesting?
I_cant_stop - I have a practice acount that I do a similar thing with. I buy DIA when the Dow is down big, and buy DXD when it is up large. So at one point I am looking for a market rally and other times looking to fade the market. So far this year I have made almost 9% just doing that. My goal is 15%-20% for the year. |
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i_cant_stop |
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Prospect
Joined: Nov 2007
Posts: 255
Location: California |
#6 Posted: 7/30/2012 1:00:47 PM patrickbateman- at what percentile do u fade or follow the dow? u should try these two 3x etf udow sdow or at lease the s&p or nasdaq.
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SOJ |
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Prospect
Joined: Jul 2012
Posts: 8
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#7 Posted: 8/1/2012 8:14:28 PM What other investment opportunities?
Sports betting is one. I mean we are on Covers.com for a reason.
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jmilrod |
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Captain
Joined: Aug 2008
Posts: 7052
Location: Kentucky |
#8 Posted: 8/3/2012 2:53:33 PM lucky person 
faukin lottery 
just hand that garbage over to Wally and he will hook you up.
i heard he got rich off of the bailouts 

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Michfan15 |
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Captain
Joined: Oct 2008
Posts: 6444
Location: New York |
#9 Posted: 8/4/2012 5:52:44 PM put it all into amazon and dont look back. will double within the next 5 years |
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CannedGoods |
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Joined: May 2012
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#10 Posted: 8/14/2012 2:20:34 PM Dude just buy Coke and go to bed. Cash cow.
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mr_bollox |
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Captain
Joined: Oct 2009
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#11 Posted: 8/15/2012 10:31:57 PM lol lottery ticket, if thats really true, you need to put it all on red and double up |
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omalleys |
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Banned
Joined: Aug 2011
Posts: 283
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#12 Posted: 8/16/2012 3:00:52 PM Best investment that you could ever make is the 10 unit picks from bettingresource dot com. Only place that treat sports betting as a long term investment rather than false promises to get rich over night or over a week. |
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FoolishTool |
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Rookie
Joined: Dec 2009
Posts: 585
Location: North Carolina |
#13 Posted: 10/11/2012 1:41:01 AM Buy Pitney Bowes (PBI) ,,,,,,,, currently has a dividend yield of 11% so if the stock sits still the dividends will float the boat,,,,,, the stock has been coming down for 4 or 5 years but its starting to get a lot of buy recommendations,,,,,,,,,,,,,,,,,,,,, several years from now you'll look back and say what a good buy that was! ,,,, and remember, your 60k investment will always earn 11% a year with the dividends even if the stock doubles or triples or just sits still and its not likely they'll cut the dividend any unless the stock price gets down below 5 bucks a share or something, not likely either ,,,,, its currently $13.39 per share! ,,,,,,,,,,,,, so with the huge dividend any amount the stock rises over the years is just extra gravy! |
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Pecador |
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Veteran
Joined: Jan 2010
Posts: 1202
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#14 Posted: 10/11/2012 2:24:36 AM I would put 50% in bonds and 50% in crazy gambling!! Maybe one knockout bet. Do it.
GL, Doc |
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pinoy1da |
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Captain
Joined: Oct 2010
Posts: 5480
Location: California |
#15 Posted: 10/12/2012 2:24:03 AM QUOTE Originally Posted by Pecador: I would put 50% in bonds and 50% in crazy gambling!! Maybe one knockout bet. Do it.
GL, Doc
75% bonds 25% gambling
bonds are a lock. slow money better than NO MONEY ya know |
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gambler315 |
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#16 Posted: 10/12/2012 1:03:37 PM Bonds for me as well. |
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nunnie |
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Prospect
Joined: Jun 2011
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#17 Posted: 10/13/2012 5:09:42 PM When interest rates rise,bonds will flop |
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mojo54 |
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Rookie
Joined: May 2011
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Location: California |
#18 Posted: 10/16/2012 8:43:38 AM Uh, Buy Silver .. and lots of it..   |
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avenue |
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Veteran
Joined: Jan 2010
Posts: 3120
Location: New Jersey |
#19 Posted: 10/24/2012 6:08:21 PM Congrats bud! Put it on a few games this weekend pal! Enjoy! And always good luck! |
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wallstreetcappers |
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Covers Linesmen
Joined: Feb 2003
Posts: 47636
Location: United States |
#20 Posted: 10/24/2012 11:35:15 PM Bonds?
Is that meant to be funny?
As the guy above said, when if ever rates go up, holding bonds is the absolute worst thing you can do down here.
Why risk principal destruction so you can make 1.5 to 2% a year interest? |
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JEFFMARKETCAP |
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Legend
Joined: Nov 2002
Posts: 50835
Location: Illinois |
#21 Posted: 10/25/2012 8:26:51 PM If I had 60k to invest I would just buy TZA. Market at a top. Not much upside to go from here based on earnings and lots of upside potential.
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sparty444 |
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Captain
Joined: Dec 2005
Posts: 9420
Location: Pitcairn |
#22 Posted: 10/26/2012 2:15:18 PM What type of return are you looking to get? Is this a long term investment or short term? |
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cowboyfan1325 |
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Prospect
Joined: Oct 2012
Posts: 262
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#23 Posted: 11/1/2012 3:09:10 AM I tried the crazy gambling thing before with huge won money... not a good idea. |
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Pecador |
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Veteran
Joined: Jan 2010
Posts: 1202
Location: Barbados |
#24 Posted: 11/3/2012 10:24:57 AM I would bet that Navy scores more than 33.5 pts today for half that money. You have a great chance of winning big. Do it. |
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Professor524 |
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Prospect
Joined: Sep 2012
Posts: 268
Location: Ontario |
#25 Posted: 11/4/2012 12:21:18 AM Whatever you do, stay liquid. Dump any metals you have now. Do not play the stock market right now unless you are investing in commodities. |
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