Or: And a Stopover in Reykjavik!
So I've been pondering going to Europe for a couple weeks this summer. Planning it out, financially and otherwise, and I was all but decided that I wanted to go. Just needed some kind of catalyst to tell me that it really needed to happen.
So I bought a round trip ticket from Minneapolis to Paris for the time I was considering going. And I'll be stopping in Reykjavik International for about an hour each way. I almost sort of wish I had a day or so in that city, Iceland would be really cool to see in the summertime.
Anyways, I'm going to Paris! I've still got to buy my Eurail Pass, as I want to go to a number of other places: Rome, Venice, Marseilles, Geneva, and this little town called Courchevel up in the French Alps. The last one for the Airport, more than anything else, although I think I'd like to go mountain biking.
In France.
Mountain Biking in France.
I'm going Mountain Biking. In. France.
Wow.
TRH
Tuesday, March 25, 2008
Tuesday, March 18, 2008
Epic Fail is Epic
On "The Daily Show" last night they covered the epic failure of Bear Stearns, an investment bank, as well as the monstrous bad advice from some financial talking head on TV, telling somebody who wrote in that the company was fine and that a pullout from them was ill-advised. Anybody who happened to short-sell Bear Stearns over the weekend just about doubled their money, as it fell well over $50 from $60, crashing horrifically.
I didn't short-sell them. I don't do much with the market. However, I did get thinking a bit, and I do have an e-trade account. I hopped on, threw a few dollars in it this morning, and I've already made about $20 in the hour that the market has been open. I figure if it's high-risk, as they could crash completely, but even if they go from five dollars per share (my buying price, approx.) to one per share, I'm holding fifty shares and lost $200, and they've nowhere to go but up or complete failure. Also, at fifty shares, every penny upwards if $0.50 for me. What's more, they are going to do everything they can to try to get their stock up higher.
There is always the risk of the company dissolving, at which point I lose my $250, but that's why the market is a risk. Furthermore, I got in the morning after Jon Stewart told my generation that Bear Stearns is at a historic low - with any amount of luck, lots of people will be buying in later today, pushing up the price. If I'm very lucky, I could double my money in a month, maybe even more. Imagine if the stock ever recovers, back up to say, 50 - that's multiplying my money by 10! That could be within a year or so.
Basically, their failure is my bread and butter.
TRH
I didn't short-sell them. I don't do much with the market. However, I did get thinking a bit, and I do have an e-trade account. I hopped on, threw a few dollars in it this morning, and I've already made about $20 in the hour that the market has been open. I figure if it's high-risk, as they could crash completely, but even if they go from five dollars per share (my buying price, approx.) to one per share, I'm holding fifty shares and lost $200, and they've nowhere to go but up or complete failure. Also, at fifty shares, every penny upwards if $0.50 for me. What's more, they are going to do everything they can to try to get their stock up higher.
There is always the risk of the company dissolving, at which point I lose my $250, but that's why the market is a risk. Furthermore, I got in the morning after Jon Stewart told my generation that Bear Stearns is at a historic low - with any amount of luck, lots of people will be buying in later today, pushing up the price. If I'm very lucky, I could double my money in a month, maybe even more. Imagine if the stock ever recovers, back up to say, 50 - that's multiplying my money by 10! That could be within a year or so.
Basically, their failure is my bread and butter.
TRH
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