Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Off-Topic Discussion > Parking Lot


CNBC's Million Dollar Challenge

Parking Lot


Reply
 
LinkBack Thread Tools Display Modes
Old 03-05-2007, 09:08 PM   #1
Uncle Phil
 
SmootSmack's Avatar
 
Join Date: Feb 2004
Posts: 44,963
CNBC's Million Dollar Challenge

This has Saden and Schneed written all over it. We should hold a poll on who would win

Million Dollar Challenge - Home
__________________
You're So Vain...You Probably Think This Sig Is About You
SmootSmack is offline   Reply With Quote

Advertisements
Old 03-09-2007, 03:50 AM   #2
Eternally Legendary
 
saden1's Avatar
 
Join Date: Feb 2004
Location: Seattle
Age: 35
Posts: 10,057
Re: CNBC's Million Dollar Challenge

You know, I'd hate to play this game because I'm a lazy motherf*er. Besides, there's no way in hell I can win against the market and other players. Short term investing is mostly about luck.


In the words of Bart Simpson “Can’t win. Don’t try.”
__________________
"The Redskins have always suffered from chronic organizational deformities under Snyder."

-Jenkins
saden1 is offline   Reply With Quote
Old 03-09-2007, 05:02 AM   #3
Living Legend
 
That Guy's Avatar
 
Join Date: Jun 2004
Location: Springfield, VA
Age: 32
Posts: 16,279
Re: CNBC's Million Dollar Challenge

its easy to win. make 42+ accounts, invest each entirely into a single stock and collect your prize.

it IS a total crapshoot and purely based on luck though.
__________________
Who says shameless self promotion is stupid? oh yeah, that was me... Click For Tunes!
That Guy is offline   Reply With Quote
Old 03-09-2007, 11:37 AM   #4
Registered User
 
firstdown's Avatar
 
Join Date: Oct 2004
Location: chesapeake, va
Age: 50
Posts: 15,818
Re: CNBC's Million Dollar Challenge

I played golf last Saturday with a guy who appeared on CNBC Fast Money. I knew the dud had a hugh house but after watching the show he is also very smart as hell. Its kind of cool how someone can act like a normal joe and then you see them on a show like that and sit back and just say that duds got it going on.
firstdown is offline   Reply With Quote
Old 03-09-2007, 01:38 PM   #5
Eternally Legendary
 
saden1's Avatar
 
Join Date: Feb 2004
Location: Seattle
Age: 35
Posts: 10,057
Re: CNBC's Million Dollar Challenge

Quote:
Originally Posted by That Guy View Post
its easy to win. make 42+ accounts, invest each entirely into a single stock and collect your prize.

it IS a total crapshoot and purely based on luck though.
So, are you working your scheme?
__________________
"The Redskins have always suffered from chronic organizational deformities under Snyder."

-Jenkins
saden1 is offline   Reply With Quote
Old 03-09-2007, 05:01 PM   #6
Living Legend
 
That Guy's Avatar
 
Join Date: Jun 2004
Location: Springfield, VA
Age: 32
Posts: 16,279
Re: CNBC's Million Dollar Challenge

Quote:
Originally Posted by saden1 View Post
So, are you working your scheme?
not really. with 400000000000000000000000 stocks, i mean, it's like buying 10 lottery tickets when the odds are 1 in 72 million and expecting to win :/.

I have a couple, but i think insider trading info would really help too.

the problem is, day traders always lose money. maybe they have a good day/week/month/year, but over the long run, with fees and speculation on speculation, the house always wins (unless they're riding on spamvertised penny stocks).

either way, finding someone who gets lucky on investments in a two week period and then bringing him on the show to talk about money is ridiculous. Investment is about the long term... it's impossible to turn 20-40% profit every month; you just can't keep that up.

answers to the daily bonus questions:
Adventures in Online Investing
__________________
Who says shameless self promotion is stupid? oh yeah, that was me... Click For Tunes!
That Guy is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 12:05 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.16413 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25