JFStorm’s Activity

Thu May 16

NL

Watercooler Post

JFStorm wrote 6:45 AM

I have some cash that I had planned to use to purchase a gift for my nephew, but he told me he already had the gadget in question and recommended I spend the money on myself, instead. So I am going to take this relatively small amount of cash ($1,500) and do some gambling, by which I mean, buy some penny stocks using my discount brokerage account. I've gotten incredibly lucky in the past; thanks to a very timely purchase of 5000 shares of SIRI, that account is net positive and has an annualized growth of 16%. Of course, virtually every other stock I purchased turned out to be a loser, but a win on just ONE penny stock forgives all sorts of losses, especially if you treat penny stocks as I do: a gambling game in which I only "invest" money that is not marked for other use, such as retirement funding, bills, college savings, etc. "Play money," which is a far more scarce commodity recently than ever before in my memory.

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75012
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 1
Best Pick PG (+4.97)
Worst Pick PG (+4.97)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to JFStorm’s CAPS page

Boards Stats & Trivia

Board Posts 2
Recs Received 1
People who have rec'd these posts 1
Recs to Posts Ratio (last 30 days) N/A
Threads Started 1
Threads Started Percentage 50.00 %
Most Frequent Board Index Funds
Very First Post How to account for gift for tax purposes? (4/13/2001)
Percentage of Posts Rec'd 50.00 %
Show JFStorm’s 10 Latest Posts