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[shanoballs]

anyone do any investing/trading on the major markets here?

my goal is to turn $1000 in to 100000 by end of this year, so far i'm at 1,800 range, i figured all i have to do is 50% every month or so. i know its possible, but not easy, so far i'm pretty much on track, i was wondering if anyone is interested, i can always use someone to talk to about this stuff, and anyone can use the extra money. so if anyone is interested please let me know, thanx guys! B)

This post has been edited by shanoballs: Mar 20 2004, 09:10 AM

[Kilroy]

Here's a good article:

Warren Buffett, America's most successful stock investor and the second richest man in the world, issued his annual letter to shareholders of his Berkshire Hathaway company this weekend.

In his 24-page financial epistle, the "Sage of Omaha" with a net worth tagged at $43 billion, used this forum to promote his financial views, and well as his pro-Democratic agenda

Buffett's main target was the Bush administration. Buffett charged that Bush's tax cuts had benefited largely the rich and major corporations.

Buffett also outlined his financial outlook, including:

· Bearish on the Dollar: Buffett continues to view the dollar with pessimism. His company's ownership of foreign currencies increased to $12 billion. Buffett blamed the U.S.'s growing trade deficit as hampering the dollar's strength.

· Neutral on Equities: Despite having made his fortune in U.S. stocks, Buffett says he is staying away from the market for now. He noted that Berkshire had bought shares in Wells Fargo but is sticking with his company's top six holdings. Those stocks include American Express, Coca-Cola, Gillette and H&R Block. "Brokers don't love us," he said. "We own pieces of excellent businesses but their current prices reflect their value."

· Highly Liquid: Berkshire Hathaway has amassed a record cash pile of $36 billion in 2003.

· Bonds: Buffett took a big stake in high-yield, low-quality junk bonds in 2002 but says the pendulum has swung the other way, tarnishing that sector.

Buffett also offered stinging criticism of the mutual fund industry, which has become the latest Wall Street business to find itself under scrutiny for improper practices. He said the industry had "betrayed the trust" of millions of shareholders. "Hundreds of industry insiders had to know what was going on, yet none publicly said a word."


Here's some good links:

'http://moneycentral.msn.com/content/P76789.asp
5 investing lessons from Warren Buffett

'http://moneycentral.msn.com/content/invest/extra/P77145.asp
Buffett having trouble finding stocks to buy

'http://moneycentral.msn.com/content/P25232.asp?special=msn
Article on "short selling"which is what you are wanting to do.

No live links, please

This post has been edited by PimpScourge: Mar 20 2004, 09:05 PM