Money Making Ideas and Stupidity

So the new fad is purchasing Playstation 3's are reselling them on eBay. Looking back 20/20 hindsight that is the fucking stupidest thing I have done ever. I waited 35 hours in hopes to make a quick grand or two, but it is too good to be true. The Ebay market right now is flooded with 25000 people attempting to make a quick buck. Just like the myth or the story of Rockefeller hearing a taxi driver tell him on how to get rich. At that time, he knew the market was flooded and the market would soon crash. He took his money out and maintained his wealth.

There are a lot of situations in the stock market that will be very similar to this one. And the ability to recognize a peaked market is very important. I was very gullible to believe there would be an easy way to make some quick cash. I was gambling with idea that I would make money by sitting in a line. I will be making around 500 dollars in this process. But it was definitely not worth it.
I should have realized there was going to be an influx re-seller online when there were 12 resellers at the Wal-Mart I was at. Being the fucking schmuck that I am, I decided to wait patiently until midnight between Thursday and Friday.

This by far was a terrible experience. I think next years re-selling market will be a lot better but, I would not want to try and see. The only money to be made is in the pre-selling market because there are the retards that must have it the very first day.

Enough about my bad experience with PS3, go here for information on the Nintendo Wii’s. They seem pretty bad ass, and only for 250 can you get a pretty sweet system. Pricing for the games are definitely reasonable.
http://tech-buzz.net/2006/11/19/nintendos-wii-launched/

Back to some information on what you should read about. Here is some information you should read on bad advice on ETFs.
http://www.themoneyblogs.com/InvestingIntelligently/my.blog/some-bad-advice-on-etfs-and-mutual-funds.html

I am going to subscribe to the online WSJ, just so I can get information on companies and such and learn about the world. It has so much information it is overwhelming



Well I am starting a smoothie business soon and its been having a rough start. This is because of lack of dedication of my partner and me. I need to step up my game and put some effort into my school work and into my business ideas. And learn how to make money. Sloth has always been a devil, that I have to fight against, and I am ready get some work done. I been reading about the market everyday, I should try for 1+ hours, do business ventures for 1+ hours, and do my damn homework. Homework is always so boring because you don’t make money doing homework. But I guess since you can get a better job, if you get better grades, you can make more money. JOB= Just over broke. Living as slave to your boss.

Online Poker and Emotions

This post isn't going to make much sense. Since I just got out drawn about 6 times in a row. Varience. It a bitch. I can't handle it. Hopefully investing isn't as crazy varience as Poker. I would like to post a hand history. Here it goes



PokerStars No-Limit Hold'em Tourney, Big Blind is t20 (10 handed) internettexasholdem.com



CO (t1500)
Button (t1490)
SB (t1460)
BB (t2030)
UTG (t1460)
UTG+1 (t1100)
UTG+2 (t1500)
MP1 (t1500)
MP2 (t1500)
Hero (t1460)

Preflop: Hero is MP3 with As, Kd.

5 folds, Hero raises to t100, CO calls t100, Button calls t100, SB calls t90, BB calls t80.

Flop: (t500) 4s, 5d, Kh (5 players)

SB checks, BB checks, Hero bets t500, CO raises to t1400, Button folds, SB folds, BB folds, Hero calls t860 (All-In).

Turn: (t3260) 4d (2 players, 1 all-in)
River: (t3260) 2s (2 players, 1 all-in)
Final Pot: t3260

Bad guy flips over A/4...LoL

It is very important to manage your emotion. Online play is probably the most stressful poker playing. I am starting to get frustrated. Most my hands I play online are hands that I am statistical favorites. I would rather lose on bad play because I can just blame myself, but instead I play right and get fucked by the poker gods. It is very frustrating. I know it part of poker and I need to deal with it.

Well back to finance, I think this subject is so interesting. Poker and finance have so much in common. Both are trying to make the best possible solution so you can make the most amount of profit long run. There is such thing is tilt too. You make a bade trade lose money. Emotions take control. You need you understand that everything needs to made with a logical reason. It's about making the best possible decision with incomplete information. The blogs that I list, are the blogs that i think are the most influential blogs to listen to before investing.

Investing Analysis from a newb

Sorry my writing sucks.


I am a newb investor that will be joining the market in about of month after I speak to more people. I am probably going to start a Roth IRA so I can get ready for retirement when I am 60. Even though I am only 20 years old, this is still 40 years away. I don't have cash right now, so I guess I need to plan for the future. Recently I have been reading a lot about investing for long term investments. From what I have gathered from the dozens of articles I have read is
investing is long term

• ETFs are the shit
• Mutual funds are overrated and don't get the market yield
• If your dumb, go index funds.

All this investment information is really interesting and I want to get into the market, but from the twoplustwo forums they say I should diversify my money when investing into the market. For example, invest every 10% every 6 months until my bankroll is gone so I can get rid of market variance. Which is a very interesting fact. I don't really know yet. Currently I am struggling with myself and not sure what I should do with the 10k loan from my parents to start a business. Whether I should selfishly invest the money for my future or start up my own business with the help of my roommate/friend. Both have conflicts I have to work through, though the latter seems a lot tougher. Throwing all my money into an account and letting the market yield itself does seem kind of fun though. I am still trying to figure out what percent of small cap and medium cap I should invest in. I am going to speak with numerous people about this.

My last ramble, one thing that I am extremely upset with is how I didn’t short sell Party Poker after the new legislation. I would have made a fortune. All though I can still probably do it, I won’t profit it from it as much. Let alone have the ball to short sell it. Really risky.