Argument against high gas prices

"kontiki" wrote in message
...
wrote:


Oooh, so if I invest a whole $500 in oil, I might make what, $500 if I
am lucky? Wow, big deal...


Exactly. Do you expect them to just start paying you money while until
you save enough beer money to buy some shares? Sheesh go collect a
welfare check.

It takes money to make money in the stock market.

That's the general idea.

If you don't
already have it, you have nothing to leverage to make any real money.

Really? Wow I didn't know that!

The best leverage is SMART'S.

Lynn Tilton, whose company, Patriarch Partners, just bought MD Helicopters a
couple years ago, was a single Mom ten years ago, and is now worth over $1
BILLION from stock investments.

There's a number of people doing stock analysis who made their fortunes
starting with just a few hundreds. Before my wife "retired" from the stock
brokerage business to run OUR business, she knew, personally, dozens of
self-made millionaires.

What do they have that Dean hasn't got?

Lemme guess...

"Matt Barrow" wrote in message
...

There's a number of people doing stock analysis who made their fortunes
starting with just a few hundreds. Before my wife "retired" from the stock
brokerage business to run OUR business, she knew, personally, dozens of
self-made millionaires.

What do they have that Dean hasn't got?

People used to defend Enron. An electrician down the road from me that
worked for PGE--whom Enron acquired--lost his $330,000 retirement
investment.

Apparently, the Enron book-cookers were just smarter and had something they
the electrician didn't have. Nobody defends Enron anymore, but, at the
same time, nobody listened when a handful of people predicted disaster.
(People did the same with the dot com industry, but as long as people were
making money hand over fist, they didn't bother to listen.)

-c

gatt wrote:

People used to defend Enron. An electrician down the road from me that
worked for PGE--whom Enron acquired--lost his $330,000 retirement
investment.

Apparently, the Enron book-cookers were just smarter and had something they
the electrician didn't have. Nobody defends Enron anymore, but, at the
same time, nobody listened when a handful of people predicted disaster.
(People did the same with the dot com industry, but as long as people were
making money hand over fist, they didn't bother to listen.)


I don't defend Enron, but am also not entirely sympathetic to those who
"lost their whole retirement nestegg". I saw a lot of news stories about
these unfortunate folks, but never heard a reporter ask them the obvious
question. "Why would a sane person invest their entire retirement nestegg in
one company's stock?". Enron employees were not required to buy Enron
stock in their retirement plans. They did so because of one reason. Greed.
They wanted to make high double and triple digit returns on their investments
and threw caution and common sense out the window.

Enron was most definitely a scam, but common sense goes a long way towards
minimizing the effect of any one bad apple on one's retirement portfolio.

John Galban=====N4BQ (PA28-180)

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"JGalban via AviationKB.com" u32749@uwe wrote in message
news:735c640ba893b@uwe...

I don't defend Enron, but am also not entirely sympathetic to those who
"lost their whole retirement nestegg". I saw a lot of news stories
about
these unfortunate folks, but never heard a reporter ask them the obvious
question. "Why would a sane person invest their entire retirement nestegg
in
one company's stock?".

Because they trusted the company they'd worked for for so long, before Enron
bought it, and none of them expected that the company would be acquired and
destroyed by felons.

Sort of like how my father trusted United before they furloughed him a year
before his retirement and then annihilated his pension. (But don't worry,
the taxpayers will handle that burden. )

Enron employees were not required to buy Enron stock in their retirement
plans. They did so because of one reason. Greed.

Is that why people buy XOM stock? Greed?

Enron was most definitely a scam, but common sense goes a long way
towards
minimizing the effect of any one bad apple on one's retirement portfolio.

How is that relevant to corporate corruption?

-c

On Jun 7, 3:15 pm, "gatt" wrote:
"JGalban via AviationKB.com" u32749@uwe wrote in messagenews:735c640ba893b@uwe...

I don't defend Enron, but am also not entirely sympathetic to those who
"lost their whole retirement nestegg". I saw a lot of news stories
about
these unfortunate folks, but never heard a reporter ask them the obvious
question. "Why would a sane person invest their entire retirement nestegg
in
one company's stock?".

Because they trusted the company they'd worked for for so long, before Enron
bought it, and none of them expected that the company would be acquired and
destroyed by felons.

That's a pretty lame investment strategy. All of us learn from
an early age not to put all our eggs in one basket. Blind trust in a
corporation seems rather naive. Who exactly are you trusting? A
corporation is not a person.

Sort of like how my father trusted United before they furloughed him a year
before his retirement and then annihilated his pension. (But don't worry,
the taxpayers will handle that burden. )

Your father didn't have a choice. A company pension plan is not
the same as a 401K. The Enron folks had numerous choices for
investment of their savings. Enron stock was just one of them.

Enron employees were not required to buy Enron stock in their retirement
plans. They did so because of one reason. Greed.

Is that why people buy XOM stock? Greed?

If you put your whole nestegg into XOM hoping to make a quick
killing, rather than choosing a well diversified portfolio that will
generate a safer, more modest return, yes. You have no one to blame
but yourself. You might as well take your life savings and drop it on
the roulette table in Vegas.


Enron was most definitely a scam, but common sense goes a long way
towards
minimizing the effect of any one bad apple on one's retirement portfolio.

How is that relevant to corporate corruption?

It is only relevant to comments such as your previous one about your
neighbor the electrician. I have a relative that was a 25 yr. Enron
employee who did not lose his life savings. Before the collapse, his
coworkers made fun of him for not shifting his entire portfolio to
Enron stock and making easy money.

John Galban=====N4BQ (PA28-180)

Enron employees were not required to buy Enron stock in their
retirement
plans. They did so because of one reason. Greed.

Is that why people buy XOM stock? Greed?

If you put your whole nestegg into XOM hoping to make a quick
killing, rather than choosing a well diversified portfolio that will
generate a safer, more modest return, yes. You have no one to blame
but yourself.

Is XOM stock suffering now or something? Let me guess...high fuel prices
and low demand are cutting into Exxon-Mobile profits.

-c

"JGalban via AviationKB.com" u32749@uwe wrote in message
news:735c640ba893b@uwe...
gatt wrote:

I don't defend Enron, but am also not entirely sympathetic to those who
"lost their whole retirement nestegg". I saw a lot of news stories
about
these unfortunate folks, but never heard a reporter ask them the obvious
question. "Why would a sane person invest their entire retirement nestegg
in
one company's stock?". Enron employees were not required to buy Enron
stock in their retirement plans. They did so because of one reason.
Greed.
They wanted to make high double and triple digit returns on their
investments
and threw caution and common sense out the window.

Enron was most definitely a scam, but common sense goes a long way
towards
minimizing the effect of any one bad apple on one's retirement portfolio.


Enron was hoping to corner the Carbon Credits market, and, as such, were BIG
promoters of Kyoto and it's biggest US champion (guess who).