Investing for mad money gains!  

redmustang91 58M  
8976 posts
5/9/2006 5:17 pm

Last Read:
5/12/2006 9:23 am

Investing for mad money gains!


Jim Kramer is entertaining and often has some hot ideas for making "mad money"! He is not always right and I don't like his tech picks as tech is too expensive. Still I agree with about 50% of his other picks and have made some money with them. His show is the best investing show by far for fun and clear answers.

To brag a little, my investing in emerging markets, precious and base metals, heavy machinery and railroads has paid off amazingly! Since the end of November 2005, five months, my accounts are up over $210,000! Beats working for a living!

When things go your way it makes life more fun, even if other things bug you.

As Sophie Tucker famously observed, "I have been rich and I have been poor, rich is better!"

lifeisablast333 54M

5/9/2006 9:35 pm

I guess rich is better....And if Ed McMann shows up on my door step, with one of those big assed over sized checks....that old dude is getting tounge kissed...LOL
And then he will say someone elses name, and you have just won.
And that is when I wake up......every day of my life.....LOL
........the Redneck


redmustang91 58M  
8917 posts
5/10/2006 12:47 am

Waiting to win the lottery or Publisher's clearing house is not a valid investment plan... I think almost everyone can succeed with some patience and effort.


rm_Jaydouble06 40M

5/10/2006 2:28 pm

Your accounts are up over $200,000 total, as in profit? You my friend are doing well in this market. Maybe you have close to a mill at your brokerage to do this? That's a 20% return on your investment.....

I've made some smart moves this past year, and have gone up 12%......but that was by pure luck.

Congrats, and be careful sharing your fortune info on a site laden with gold digging women.


redmustang91 58M  
8917 posts
5/10/2006 3:08 pm

I don't mind a little gold digging, as long as there is value exchanged! The truth is life is based on reciprocity. You give and you get! There is no such thing as a free lunch. Someone is paying for it... My accounts are tax deferred retirement accounts so no tax until take a distribution. I am up over 40% since November 2005. It is not luck; I have tuned into what is going up in the market. Momentum and the infrastructure plays in the developing world. I have made "mad money" in precious metals, energy, Latin America, China, Eastern Europe, steel, titanium, copper, zinc, railroads, heavy machinery, stockbrokers, etc. Mainly foreign and avoiding US large caps like Dell and Microsoft. Watch Jim Kramer and you too can prosper...Easier to do so in sector funds, like ten of them.


rm_Jaydouble06 40M

5/10/2006 4:08 pm

    Quoting redmustang91:
    I don't mind a little gold digging, as long as there is value exchanged! The truth is life is based on reciprocity. You give and you get! There is no such thing as a free lunch. Someone is paying for it... My accounts are tax deferred retirement accounts so no tax until take a distribution. I am up over 40% since November 2005. It is not luck; I have tuned into what is going up in the market. Momentum and the infrastructure plays in the developing world. I have made "mad money" in precious metals, energy, Latin America, China, Eastern Europe, steel, titanium, copper, zinc, railroads, heavy machinery, stockbrokers, etc. Mainly foreign and avoiding US large caps like Dell and Microsoft. Watch Jim Kramer and you too can prosper...Easier to do so in sector funds, like ten of them.
in my humble opinion, 40% is very lucky but I'm not going to crap on your blog. Anyone who could have predicted precious metals and stuck with it has my respect. I'm sure you've been through all the BS of the late 90's such as myself to know that the market is full of suprises and lucky guesses.

Unless you've got access to great IPO's or know someone at a brokerage.....it's all luck.

Kramer doesn't say anything new, he just sells it better than all of the other financial guru's. I've listend to the guy, he sounds like he took a big toot off of a pile of coke. Not my investing style either.


redmustang91 58M  
8917 posts
5/11/2006 9:39 am

The market is part insight, and part luck. I have no inside info or access to IPO's. Generally IPO's go up initially and then lose within a year. I don't think you have to predict the future, just go with the areas that show momentum and stick with them as long as they go up...
I predict metals, precious and base, will keep going up due to demand and still relatively low PE's. Kramer is annoying and entertaining. you have to think for yourself and not believe anyone is totally correct. I made lots on energy but have lightened up now and moved into metals and emerging markets...


redmustang91 58M  
8917 posts
5/12/2006 9:23 am

Of course, if you go with what is hot, you will get creamed when there is a correction. I lost $30,000 in unrealized gains in two days... But expect to make it back in the next two weeks... If you cannot stand heat, stay out of the kitchen.


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