Well, for the past week and a half I've been trying to buy Facebook stocks on the IPO. I sold all of my positions to have money to invest. I tried to qualify for it but I couldn't force my self to lie on the application so I wasn't able to get in the IPO. When the trading started there was a delay. I put an order in at $42 even though the IPO was at $38. I figured it would double. Well, to make a long story short, I lost $400 before I sold in the after-market. I was glad to be out. I think the overall market drove Facebook down. It is hinging on the European crisis.
That is getting worse. I now think that the banks in Greece, Italy, and Spain will have runs and it will take down the world's economy.
I wound up putting everything in an ETF with the ticker symbol HDGE. It's a bearish fund and it should go up when everything goes down. I was in it in a smaller way a week ago. Now, I feel sure that everything is going to heck.
I bought another etching by Malcolm Childers. It's named Frenchy's Flathead Flyer. I think I've already had it's picture on a previous blog.
I talked with my psychologist about going to a program in Brecksville, Ohio for compulsive gambler's. I'm starting to face the fact that I can't trade stocks. I'm wondering if anyone can.
I still haven't gone job-hunting. I think I'm putting it off because I don't want to be standing all day. I'm just getting to old for that sort of thing. I need the money, however, so it doesn't make sense to put it off anymore. I put off looking for a job to the point that I'll be competing with the high school and college students. Maybe I'll luck out and not find a job.
I was also thinking about going West and hunting for gold. I have a metal detector. and maps to some claims that I could prospect on. I just need to get my membership to the Gold Prospectors Association of America up to date and go. My car is in good shape and I could sleep in it. I'm a bit afraid that it will cost me more than I anticipate. Maybe I'm just being fearful.
I think I'll put in a cartoon that exemplifies my relationship with a waitress at Java John's, named Meg.
Chronicling life in Sac City, Iowa. Fixing old laptop computers, and dealing with poverty while prepping for the financial collapse.
Saturday, May 19, 2012
Friday, May 4, 2012
Defeated
The jobs numbers were bad today and the market sold off. Everything I had went down sharply and I ended up panicking and selling everything. Before I sold I checked the PEG ratio on the things I owned and found that they were all too high except for one. I sold that as well because it's starting to look like a repeat of 2011, which was a lousy year for the market.
I still have $5500 of the $7500 that I borrowed. I now have to find a job.
That is something I'm not looking forward to. I was hoping that work was behind me, but it's not.
I was looking at Jim's place a couple of days ago. It didn't turn me on but I think a person could make a profit by sitting on it. Rich people are developing near it. 90% of it is steep hill so not much could be developed. There is enough level land to put a house on, but that is about all. I guess that I could put Gary's trailer on it and live cheap. It's so remote that it doesn't appeal to me. I'm better off getting a job and living here.
McDonolds, Culvers, and Subway are hiring so it looks like I'll be making sandwiches.
I should just be glad that I have my health and there are jobs to be had. I'll have to accept that I'll have to work for the rest of my life and that is that. It's a little hard to get my head around. I was hoping to be able to make enough with my investments to make for an easy life. I might have to go live with my sister and shovel manure. It would save me a lot of rent money.
That's all for now
I still have $5500 of the $7500 that I borrowed. I now have to find a job.
That is something I'm not looking forward to. I was hoping that work was behind me, but it's not.
I was looking at Jim's place a couple of days ago. It didn't turn me on but I think a person could make a profit by sitting on it. Rich people are developing near it. 90% of it is steep hill so not much could be developed. There is enough level land to put a house on, but that is about all. I guess that I could put Gary's trailer on it and live cheap. It's so remote that it doesn't appeal to me. I'm better off getting a job and living here.
McDonolds, Culvers, and Subway are hiring so it looks like I'll be making sandwiches.
I should just be glad that I have my health and there are jobs to be had. I'll have to accept that I'll have to work for the rest of my life and that is that. It's a little hard to get my head around. I was hoping to be able to make enough with my investments to make for an easy life. I might have to go live with my sister and shovel manure. It would save me a lot of rent money.
That's all for now
Subscribe to:
Posts (Atom)