How did you make your fortune?

[luvsdaty]

Now i'm not saying education is a bad thing, but its definately not a guarantee for money. I've seen countless university students take up useless degrees & end up with nothing more than $50,000 in debt! My father only had a grade 4 education & he was a self made millionaire.
He use to tell me that all that money wasn't worth a hill of beans, if he didn't have my mom & us kids.

 

[storm rider]

You wont make a fortune with ghetto grow rooms.

Good luck getting your stacks of shitty old twenties in the bank. QUOTE]

Wake the fuck up and smell the coffee...those "shitty" old 20's as well as 50's and even 10's are perfectly fine in a casino....walk into a casino with say 15-20 grand in dirty money and walk out with even more or a bit less in crisp clean laundered 100's.....I myself would love to hit a craps table with 15 grand and roll some hot dice.....maybe set the point and take it down 4 times with 5 rolls per point with 2 hardways in each of them including a boxcar or snake eyes...press those bets and reap the chips....cash out and you have a got a shitload of clean cash and the casino does the laundering for you.

And if you think grow operation money does not run through casinos in Vancouver/Calgary/Edmonton/Montreal etc then you are clueless.

SR

 

[kman86]

supposedly if you short all the direxions tripple leveraged etfs you would earn abot 30% every 4 months from contango also if you short all the horizons beta pro etfs the bull and bears you would make abot 20% every 1/4 there was a whole article a guy made on a simulation of shorting the whole leveraged etfs indexs but your stock broker has to offer short shares for this to work....

 

[bcneil]

supposedly if you short all the direxions tripple leveraged etfs you would earn abot 30% every 4 months from contango also if you short all the horizons beta pro etfs the bull and bears you would make abot 20% every 1/4 there was a whole article a guy made on a simulation of shorting the whole leveraged etfs indexs but your stock broker has to offer short shares for this to work....

Yes, but no broker does. Otherwise I would be short, both the upside and the same amount of the downside etfs for everything I could LOL.

But I also guess that means if you hold both positions long, you'd lose 20% every 4 months too? Thats nuts

 

[kman86]

heres one of the articles on shorting the leveraged etfs ... i think if you have multiple brokers yo can successfully short the tripple levereaged indexes like some are saying you can make a garunteed profit from shorting both fas and faz at the same time

heres a article on shorting leveraged etfs and the garunteed profits from decay http://thesnowjob.wordpress.com/2009/01/20/a-risk-free-trade-shorting-leveraged-etfs/

 

[kman86]

hmm yah true but check with your broker on monday if they have shorts shares for both fas and faz im currently all in hmd.to at 4.97 average price looking to get out around 7.50 8

 

[wallflower]

The way I see it, there is no easy way to invest and earn money. Otherwise, everybody would have done so already, wouldn't they? There must be large risks commensurate with large rewards.

That being said, times are different than 50 years ago. Real estate costs are disproportionate to salaries now. Combined with the fact that fewer companies have good pensions, let alone ALLOW you to retire with them (I've seen some companies actively try to get you to move on), it's harder to retire now. People spend more money over longer periods of time just preparing to keep their heads above water than the previous generation.

For the average lay person, I've seen more people succeed at buying real estate (easier to understand than the stock market) and renting it out, in the hopes that it will increase in value over 25 years. It's a pretty safe assumption, except that alot of real estate is almost certainly sitting on a housing bubble right now.

Good for you for going to grad school. I don't know what I would have done without an education. Trust me; it takes years to appreciate how it influences your life on a daily basis.

 

[steverino]

Given the uncertainty in markets and low earnings on fixed income, investment advisors are left with the central option of telling clients to spend less.

 

[joho]

There are so many different ways to make money. In general, the education is so important to get you there if you start with nothing. I have a friend who came from nothing, but went to college and business school to get MBA. Then he got a job job at oil trading company and now VP in investment strategy. He gets $300,000 as a base salary, but gets bonus every year. Three years ago, he got 2 million dollar bonus!

 

[FunSugarDaddy]

Interesting enough those who have hit home runs and become multimillionaires or made even more, are for the most part computer programs. Bill Gates and Mark Zuckerberg come to mind.

Another interesting tidbit, is that my daughter use to play a game on the interenet with penquins in it, call Club Penquin, which it orginated in Kelowna and the person who invented sold it to Disney for over $750M

If you are a Lawyer, computer programmer, musician or athlete you can work anywhere in the world - if someone's envy causes a restriction on your potential income - you just move.

 

[Island_man1]

What fortune !!

 

[WreckBeach]

One of my long term friends is Will Wright. He founded Maxis Games, is the designer of Sims (Sim City, etc) after he sold Maxis to Electronic Arts he runs "Stupid Fan Club" which he and EA jointly own.

Brb Prostrating myself at the feet of Mr. Wright.

I wonder how much the creator of Fruit Ninja is making?

 

[TheEmpress]

You wont make a fortune with ghetto grow rooms.

Good luck getting your stacks of shitty old twenties in the bank. QUOTE]

Wake the fuck up and smell the coffee...those "shitty" old 20's as well as 50's and even 10's are perfectly fine in a casino....walk into a casino with say 15-20 grand in dirty money and walk out with even more or a bit less in crisp clean laundered 100's.....I myself would love to hit a craps table with 15 grand and roll some hot dice.....maybe set the point and take it down 4 times with 5 rolls per point with 2 hardways in each of them including a boxcar or snake eyes...press those bets and reap the chips....cash out and you have a got a shitload of clean cash and the casino does the laundering for you.

And if you think grow operation money does not run through casinos in Vancouver/Calgary/Edmonton/Montreal etc then you are clueless.

SR

Do you know or only think this is the way it's done?..

I'd be interested in knowing how many SP's and growers would like to see themselves taking a hit on their hard earned money, if they can't play worth a damn.
There are more secure ways to launder money. It's difficult to believe some one with the entrepreneurial skills of a grower or an Sp wouldn't have the common sense, or time to figure out a better way to do it then gamble. Of course I may have taken this out of context, possibly you meant they have everything set up with the casino. Why pay a middle man to do something that is simple enough to do on your own? That's not strategic money management, that's a leak, with your money and involving people who could potentially snitch to save themselves.

 

[FunSugarDaddy]

Obviously a US site. They haven't fined or suspended or prosecuted that many advisors in Canadian histiory, never mind a two year stretch. Our system is criminally lax in comparison.

I read a commission report on fraud not too long ago and it came to the conclussion that the biggest problem is fraud and security related crimes is that the RCMP who are largely responsible for investigating these types of crimes don't have the knowledge base to conduct these investigations, and when they eventually do acquire the knowledge many get promoted into a different crime section. Then you have the lax penalties and make it not worth spending the necessary resources and on it goes.

But they are starting to use forensic accountants and such, and they are now trying to have advancement tracks that keep these individuals in the same crime section..(ie fraud) so I guess they're making small roads into dealing with these shortcomings.

You do realize that things can go very badly if you are proven to have multiple brokers? For instance, suppose your shorts were called. If you have multiple brokers, you can't go bankrupt and you could be charged with intent to defraud or conversion.

Some law on the subject:

http://rightsforinvestors.com/blog/page/38/

In Canada, if you find yourself unable to meet your financial obligations and were using multiple brokers, it is assumed that you intended to defraud.

 

[storm rider]

Do you know or only think this is the way it's done?..

I'd be interested in knowing how many SP's and growers would like to see themselves taking a hit on their hard earned money, if they can't play worth a damn.
There are more secure ways to launder money. It's difficult to believe some one with the entrepreneurial skills of a grower or an Sp wouldn't have the common sense, or time to figure out a better way to do it then gamble. Of course I may have taken this out of context, possibly you meant they have everything set up with the casino. Why pay a middle man to do something that is simple enough to do on your own? That's not strategic money management, that's a leak, with your money and involving people who could potentially snitch to save themselves.

OK I dont think any person would go into a casino and say they are playing with money earned from an illegal source.....with regards to playing craps it is all about learning to play and rolling some hot dice.....and there is no way anyone would try nor want to involve any casino staff....realistically you could sit down at a high stakes blackjack table as well and drop 10 grand and play for 20 minutes and leave either up or down with the chips and then cash out those chips for crisp clean $100's

SR

 

[lenny]

OK I dont think any person would go into a casino and say they are playing with money earned from an illegal source.....with regards to playing craps it is all about learning to play and rolling some hot dice.....and there is no way anyone would try nor want to involve any casino staff....realistically you could sit down at a high stakes blackjack table as well and drop 10 grand and play for 20 minutes and leave either up or down with the chips and then cash out those chips for crisp clean $100's

SR

Why risk losing your money there when you could go to a bank, money exchanger, corner stores, etc and change your 20's for bigger bills? Why want the 100's in the first place?