Top Cosmo story in 1896: What the
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The economy has not been robust since the days when
people were buying homes for half a million on yearly salaries of $45K, and
creatively crazy bankers were finding a way to finance them in 2007. Or like the days pre-9/11 when any business with a
website, was one worth investing in. My
custom domain site, 98°pogslammers.com netted
me thousands of dollars in ad revenue, but zero dollars in actual sales (in
retrospect, it’s not smart to put symbols that people can’t find on their
keyboard in a URL). Many a disappointed
kid has received one of these POG toys from me as a gift the last fifteen years in an effort to
liquidate my back stock.
My grandpa has made a few mini-fortunes on the stock market, and
lost them as well. He invested in
Motorola back in the mid-80s when the only thing they were known for was
walkie-talkies and CB radios. When chunky
cell phones became the rage, he pocketed a pretty penny. He also threw his nest egg into CompuServe at
the end of that decade, and watched his stock portfolio grow with each minute
we waited for our dialup to load at 14.4kbit/s.
Annoy your kids with this little memory.
My grandpa is still giving me advice on how to make money in this
or any economy, and usually I listen but realize I have no capitol to invest in
his money-making opportunities. He
suggested gold bullion a number of years back, but I only had enough cash flow for bars
of pyrite. It looks the same to me, but
unfortunately I couldn't fool the bank.
Most people who have money in a market fund, unquestionably take
the advice of their analyst, because it is a full time job just following the
quirks and variances in the marketplace.
It used to be that companies that made money, were worth investing
in. But now, companies have to increase
their revenue and profit in a steady line graph upward. This kind of capitalism makes no sense. Good companies, like good marriages, are
going to have rocky patches. What makes
them good, is their ability to find ways around their issues, and focus on the
aspects that make them strong in the first place. Analysts like to divorce themselves (and our
money) of any company that came home with the wrong type of fabric
softener. “I said Downy April Fresh, not Purex Classic Lavender; are you stupid?!!”
Who hasn't got into a huge
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If I had money to invest in stocks right now, it would be in the Nissin Food company. The people behind the college staples of Top Ramen and Cup Noodles (which eliminated the O’ from their name, almost causing investors to panic in 1993). The reason I recommend this product is because of the coming destruction of the world in Dec. 2012. Of course, if the Mayans are right, investments would be futile. “He who dies with the soundest investment plan, wins in the afterlife,” is not going to be a No Fear shirt anytime soon. But if the world doesn’t end, there are still going to be millions of people who panicked and
Ironically, everyone who owned one of these
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Clearly, I have no business investing in stocks or day
trading. Which is why I’m going to stick
to the one sound investment I have consistently seen an amazing return on. Legos.
Specifically, Star Wars Legos, but I have made money on Harry Potter
Legos, and even your run of the mill castle Legos. For some reason, nostalgia, pity on the poor Danes, limited supply, or kids logging onto their parent's eBay accounts, I have been able to make over four times the amount of money I've spent on Legos, selling them a few years later on eBay. I recently sold a Boba Fett mini-figure for over $150.00 (it's actually my avatar for this site). I sold about $400.00 worth of my wife's Harry Potter Lego sets for almost $1800. I have yet to lose money on a single Lego sale online. I figure I'm just taking advantage of a strange Darwinian phenomenon, in that, there is an overabundance of nerds in the world right now. Evolutionarily, this will correct itself, as they will own thousands of little pieces of plastic people and figures, instead of breeding with any living creature and creating a breathing person. But for now, their interpersonal skills loss is my monetary gain. I realize that owning Star Wars Legos in the first place makes me somewhat nerdy; but like I've always said, I draw the line at dressing up as a Star Wars character.
But isn't that a perfect market system? Finding people who want a product, and supplying them with what they want? Hedging bets based on what people want, or predicting when interest will fade on a product seems like a strange way to make money, or base an economic system on. But I guess it is the American way, and I better get behind it. Maybe I should invest in PepsiCo., as they make Aquafina, and I'm going to need plenty of potable water to boil for all my Ramen noodles after the Armageddon. And if that doesn't happen, hopefully somebody will invest in books and bloggers, 'cause I could really use a few dollars to reinvest in Legos.
I'm not sure if dressing up your pet is worse than dressing up yourself... |
You share a similar viewpoint as my 11th grade American History teacher. Who is still my favorite teacher. Thanks for taking me back a little.
ReplyDeleteCharlie Brown...says,
ReplyDeleteWow a world class economist dressed up as a high school history teacher and crazy story teller. Boomer humorists better watch out. I wonder how over the head of your target audience this last blog pushed. Wild man Crammer on CNBC is coming knocking on your door or at least The Huffington Post is watching.