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Oink, Oink

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Jul. 30th, 2004 | 01:27 am

I just placed my first orders on the stock market. It feels rather odd to have taken real money and transformed it into the ability to buy an infinitesimal fragment of ownership of some corporation. It doesn't really feel like I'm receiving anything for my money.

I hope this experiment goes well.

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Comments {9}

secretslip

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from: secretslip
date: Jul. 30th, 2004 10:32 am (UTC)
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Don't buy google

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Jen

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from: jadine
date: Jul. 30th, 2004 03:55 pm (UTC)
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Why?

My theory is to buy Google, but not until a minimum of two weeks after the IPO.

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Diane Trout

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from: alienghic
date: Jul. 31st, 2004 11:15 am (UTC)
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I don't think I'd buy google, because it's hard to determine the value of tech stocks, and since they have such name recognition my intuition is that people will pay far more than they're actually worth.

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Jen

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from: jadine
date: Jul. 30th, 2004 03:57 pm (UTC)
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The stock market is the only form of gambling where the odds favor you rather than the house.

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(no subject)

from: tehfakename
date: Jul. 31st, 2004 05:03 am (UTC)
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You can have better-than-even odds in the long run if you count cards in blackjack.

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Diane Trout

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from: alienghic
date: Jul. 31st, 2004 11:16 am (UTC)
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After 1 day of trading I'm up 86 cents. Good thing I'm still getting commission free trades.

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Josh

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from: irilyth
date: Aug. 3rd, 2004 07:52 am (UTC)
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Are you investing, or day-trading? These are only marginally related activities.

You can also make money playing poker, btw. (I know a professional blackjack player, and another friend consistently makes money at poker when he plays, although he's not doing it for a living, at least not yet.)

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Diane Trout

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from: alienghic
date: Aug. 3rd, 2004 10:32 am (UTC)
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Investing (I hope). I don't have the spare attention to deal with day-trading.

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Josh

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from: irilyth
date: Aug. 3rd, 2004 03:33 pm (UTC)
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That's what I would've guessed, but your comment about commission-free trades made me wonder.

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