Aol Stock
 

well today i picked up a shitload more stock to lower the overall expense.

now i see this and wonder how low it will go

Last 3 Insider Actions for AOL Time Warner Inc.
Date Name Shares Stock Transaction
06/07/2002 ROBERT EDWARD TURNER
Vice Chairman 312,500 AOL Proposed Sale (Form 144)
estimated proceeds of $5,171,875.00

05/31/2002 JAMES L BARKSDALE
Director 121,500 AOL Open Market Sale
proceeds of $2,211,169.16

05/30/2002 ROBERT EDWARD TURNER
Vice Chairman 9,700,000 AOL Proposed Sale (Form 144)
estimated proceeds of $179,450,000.00

I have a hard time wanting to invest in anything right about now.

My municipal bonds are doing ok. I invest like a pussy. I hate to lose money.

AOL is a shitty investment.

I advise you to sell it and take your losses, cause the stock is only gonna keep dropping.

i just want it to bounce back up for a while.. i hate losing money. buying it today dropped my overall investment to around $18 a share

the stock market is being funny these days. i don't see it going much lower than that though. about now would be a good time for investing imo.

fuck the stock market... it's so much easier to just invest in real estate... there is no real risk involved,you can always cut your losses and sell the shit at what you bought it for... That's what I plan on being my full time career in a few years

my mom bought her house in 91

paid 125k for it

average selling price in the neighborhood now is 99k.

fuck real estate

come to think of it

my cousin paid close to 500k for a waterfront condo in boston if memory serves me correct.

bet thats down alot

Go look into it a little bit more... A house can always be rented out for more than you are paying for mortage usuaully
:Graucho so your mom let's say is paying probably no more than a grand for mortage,same house could be rented out for a few hundred over a grand,she pays the mortage and pockets the rest... now do that with 20 homes and you have got yourself a career :) ... I'm sure somebody could go into more detail than me so I'll just leave it at that... real estate investment will never be a bigger risk than the stock market

real estate or stocks you'll never make money if you buy at the top peak unless you hold for a long time. good solid houses and good solid stocks go up over time. shitty stocks and shitty houses are wortheless. the skill comes in being able to tell what's shit and what's solid. and obviously from the looks of teddy taking such a big dump. aol is shit.

well sure if you want to get into property management.
it can be very profitable.

I will give you an example from experience.

Buy an old rundown house in a poor neighborhood.
Divide the first floor into 2 one bedroom apts.
Keep the second floor a single 3 bedroom apt.
Remodel the attic into 5 single rooms.

Now get your calculator out.

The state pays $600 a month for each 1 bedroom apt.
$800 a month for the 3 bedroom
and roughly $350 for the single occupancy rooms

thats $3,750 a month on a piece of property you only have to invest 30 - 40k in.

Heavily insure in case they burn it down :)

Now do that with 20 houses :thumbsup

fuck ghetto property. motherfuckers won't pay their rent on time.

they dont pay.. the state pays

actually the arrangement i had made was the city paid for the SRO and the state paid under section 8.

no shit. what state is this?

No-Hyper Real Estate coming to a hood near you

it's my stepfathers business.. the one who is in the hospital.. he's still hanging on.. but its only a matter of time

Most States have some kind of housing allowance program for the poor folks that cant afford rent

why would aol go back up at all? it's bonds were downgraded two weeks ago to one level higher than "junk", haven't you read any of the articles about aol in the last 6 weeks? aol has a long ways to go before it hits rock bottom, i predict it goes below $5, but no lower than $1.20.

aol won't go up to the level it was at since the future is not (and never was) in dial-up. i am still wondering why the retards at time warner sold themselves to aol - suckers (they obviously got paid well for this bit wasn't there a shareholder meeting or something). too funny.

She should have bought in So Cal. Find me a house on the CA coast that is worth less today than it was 10 years ago.

short it baby. if they're all selling, something is up. i can see one guy selling to get some cash, but 3 of them? their outlook for the stock over the next few months most likely isn't too great.

sorry to burst your bubble but that doubling up on tech stock shit is just a few years too late...but hey if you still want to use it I've still got some CMGI I can sell you for $1.20...

the days of the get rich quick stock market are long gone and will not come back. But property is a much safe bet. Bought a house on the London/Essex border in 85 for $45k just sold it for $??????.

Now going to use the Lucca to buy a castle here in CZ:1orglaugh

get rich quick stock market always comes back. once the bulls start running, nothing can stop it.

might not be back anytime soon, but eventually it will. never know what the future will hold.

Wrong.

Before porn, I use to put deals together for private investments and venture capitolist who wanted to purchase real estate on the foreclosure market....(Lien sales, tax sales, all included, etc)

Everyone wants the "big" deal....the property that would nomally sale for million, but's going for 200k on the court house steps. But i made more invenstors and venture capitolists rich by buying in the lower/medium income areas. Common sense will tell you that's there's more lower/medium income people in this world, then there are rich people. Those homes, you turn and burn...the big expensive ones, you might have to sit on.

Depending on your CPA and lawyer, they should tell you if it's better to sit or sell...mainly because the tax laws are constantly changing.

It depends on your overall strategy ofcourse.
We had one property deal that we bought on "the block" and sold the note 10 minutes later to an investor who arrived late and really wanted the note. That particular deal made a quick 12k return. Of course the investor i wa representing could have made somewhere in the range of 22k on that deal, going through the system of selling, etc. But a quick 12k in ten minutes wasn't to bad to walk away from.

No doubt though, real estate is a fun game to play.:thumbsup