Any of you successful business owners?

[ReX357]

Are any of you successful business owners? Can be anything stores or multimillion dollar companies.

I wanna hear your story.

[Hoggage_54]

Ever heard of Microsoft? I came up with the whole business plan over a cup of coffee

[MACHINE5150]

i own a private equity management firm.. basically like a mini Hedge-fund.. averaged my clients a 27% return last year and a 38% the year before.

[Hazard]

Ever heard of Microsoft? I came up with the whole business plan over a cup of coffee

Wouldn't surprise me actually.....

~Haz~

[Hazard]

i own a private equity management firm.. basically like a mini Hedge-fund.. averaged my clients a 27% return last year and a 38% the year before.

I don't have a whole lot but would like to make a whole lot..... any help?

~Haz~

[MACHINE5150]

I don't have a whole lot but would like to make a whole lot..... any help?

~Haz~

I shorted a bunch of banks and hedged a lot of money in gold.. i also traded a lot of foreclosure tapes... its a tough call now, as most things are up in the air.. If i was to give any particular advice i would say you should invest in AIB or Bank of Ireland.. we are having a similar thing here called NAMA (just like the U.S. TARP)
The money is just now begining to take affect.. ~If you look at what happened to BofA (went up 300%, holding at 200+% ) in Feb of last year when TARP funds went through you can speculate that similar actions will happen to the Irish banks here once the funds start flowing through the banks.. which will be anyday now..

Another speculation is Platinum.. It was always worth 2-2.5 times as much as gold but had dropped below gold about two years ago.. it is making a climb back up but is still sitting just barely above where gold is right now, which historically will not stay that way for long.. Platinum (unlike gold) has no real use in the world.. however you can fit all the platinum in the world in the average living room..

all the gold ever mined in the world would fit on a football feild 10 feet high

[ReX357]

i own a private equity management firm.. basically like a mini Hedge-fund.. averaged my clients a 27% return last year and a 38% the year before.

That's interesting bro. How did you get into that?

[ReX357]

Ever heard of Microsoft? I came up with the whole business plan over a cup of coffee

I don't drink very often but when I do, I prefer Dos Equis.

[lovbyts]

Ever heard of Microsoft? I came up with the whole business plan over a cup of coffee

I remember back in the EARLY 80s like 81 a budy of mine was into computers. MS DOS days and hacking. He showed me the games he would hack and how he got into business. He had an old Comadore 64 and booted to floppy. Those where the days.

I had NO idea what he was doing, all the Dos commands and such but he wanted to teach me. I said NO way. Ill wait because soon enough they will have little pictures of things you will just click on that will look like the high definition video games but you choose what you want to do by clicking on them instead of typing some command.

He LOL and said that technology like that was FAR in the future.... He works for Microsoft now for the past 10 years. LOL He has learned to never say never or doubt that things can be done if imagined and especially I am not as stupid as I look... Wait, did that come out right?

Yeah I also told my boss in 1983 he should buy Microsoft Stock when it goes public. He did. I didnt know anything about stocks or even how to buy. It's a good thing. With my luck, track record with stock if I had bough Microsoft it would have good bankrupt. Sorry Steve J.

[lovbyts]

I shorted a bunch of banks and hedged a lot of money in gold.. i also traded a lot of foreclosure tapes... its a tough call now, as most things are up in the air.. If i was to give any particular advice i would say you should invest in AIB or Bank of Ireland.. we are having a similar thing here called NAMA (just like the U.S. TARP)
The money is just now begining to take affect.. ~If you look at what happened to BofA (went up 300%, holding at 200+% ) in Feb of last year when TARP funds went through you can speculate that similar actions will happen to the Irish banks here once the funds start flowing through the banks.. which will be anyday now..

Another speculation is Platinum.. It was always worth 2-2.5 times as much as gold but had dropped below gold about two years ago.. it is making a climb back up but is still sitting just barely above where gold is right now, which historically will not stay that way for long.. Platinum (unlike gold) has no real use in the world.. however you can fit all the platinum in the world in the average living room..

all the gold ever mined in the world would fit on a football feild 10 feet high

Interesting suggestion and I did not know that about platinum.... Worth looking into for sure.

In your speculation with AIB where do you see it going? At what point would you set a limit?

[MACHINE5150]

Interesting suggestion and I did not know that about platinum.... Worth looking into for sure.

In your speculation with AIB where do you see it going? At what point would you set a limit?

It's tough to predict, its never going to go near where it was before.. i wouldn't sy put your life savings into it.. but it is lower now than it has ever been and used to me 10-15 times higher.. i owuld suspect you could double your money maybe triple it in the next 6-12 months.. it is really toguh to say, since Ireland's property market is still sliding and it had far worse ends of the curve when it came to the bubble.. my aunts house was worth 100k in 2000, 800k in 2006 and is now worth about 400k.. and still going down an average of 5-6% a year in most places.. so it is not as definite as the BofA.. since there was a lot of banks being sold/closed in the U.s> it took out a bit of the competition prior to the TARP funds coming into play.. for NAMA, they didn't let any of the banks fail.. but NAMA is written to completley bail out the banks and still kind of screw the taxpayer.. with TARP, the government got the stocks at the lowest price and have already made the money back that was invested if they were to start selling the stocks.. if it was black and white you guys would be the first ones i would tell, but there are several different factors involved in this

[lovbyts]

It's tough to predict, its never going to go near where it was before.. i wouldn't sy put your life savings into it.. but it is lower now than it has ever been and used to me 10-15 times higher.. i owuld suspect you could double your money maybe triple it in the next 6-12 months.. it is really toguh to say, since Ireland's property market is still sliding and it had far worse ends of the curve when it came to the bubble.. my aunts house was worth 100k in 2000, 800k in 2006 and is now worth about 400k.. and still going down an average of 5-6% a year in most places.. so it is not as definite as the BofA.. since there was a lot of banks being sold/closed in the U.s> it took out a bit of the competition prior to the TARP funds coming into play.. for NAMA, they didn't let any of the banks fail.. but NAMA is written to completley bail out the banks and still kind of screw the taxpayer.. with TARP, the government got the stocks at the lowest price and have already made the money back that was invested if they were to start selling the stocks.. if it was black and white you guys would be the first ones i would tell, but there are several different factors involved in this

Dont worry, I learned a long time ago (I already knew) nothing is black and white or guaranteed except as they say death and taxes. Everything I hear I use it as informational, not as a sure thing. I have never invested more than I can afford to loose but it still sucks loosing it especially when you are sure your boat has come in, you are up like 1000% and due to circumstances and the normal it CANT go any lower watch a small fortune all fade away.... Still you never loose more than your initial investment. YOu cant count what it gained unless you actually cashed out. Same as with gambling. Any winnings on the table are not winnings until you take them off.

Thank you and I appreciate the information. Sounds worth looking into.

[V8Assassin]

i own a private equity management firm.. basically like a mini Hedge-fund.. averaged my clients a 27% return last year and a 38% the year before.

That's strong!!! I have always been interested in finance. I just never got into equity management on a personal or business level. Played around when the market hit 6500 over here and doubled up some of my mad money on a couple of guesses.

I own my own business. We own/manage rental properties and timber land. My undergrad education was in forest management and my grad school was a MBA. I got into the rental thing through my family. My Dad and I started about 15 years ago by building a small duplex apt and it has grown from there. I will never forget when he called me and said "I have an idea", little did I know that it would change the rest of my life. He battled cancer for 20 years and did not invest in anything, as he put it, that he could not stand on top of. He passed away in 2005 and I have been doing it by myself since then. My brother says he is coming home after college to work with me, but we will see. My work is not glamourous or nor does it come with professional recognition or accolades, however it pays the bills. Most importantly, to me anyway, I set my own schedule, priorities and life.

[Nooomoto]

He had an old Comadore 64 and booted to floppy. Those where the days.

Damn dude...you just took me back!!!! I had the monochrome monitor!!!

[lovbyts]

Damn dude...you just took me back!!!! I had the monochrome monitor!!!

No need for color when you only have a doss prompt. lol