"Aaron James" (12sec5ltr)
01/13/2015 at 00:36 • Filed to: None
6
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"Aaron James" (12sec5ltr)
01/13/2015 at 00:36 • Filed to: None | 6
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Best team in the country. So proud to be a Buckeye.
Jordan and the Slowrunner, Boomer Intensifies
> Aaron James
01/13/2015 at 00:52 |
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I'm so glad OSU won! It doesn't make Alabama look nearly as bad.
Manuél Ferrari
> Aaron James
01/13/2015 at 01:09 |
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Did you have any money on the game?
They were a 7 point dog
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Aaron James
> Manuél Ferrari
01/13/2015 at 01:20 |
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No, I lost 1000 bucks on the Bengals the 2nd time the 49ers beat them in the Superbowl, haven't bet on sports since.
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Manuél Ferrari
> Aaron James
01/13/2015 at 01:21 |
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oh wow that's a big time loss!
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Aaron James
> Manuél Ferrari
01/13/2015 at 01:22 |
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Yes, I was very young and very dumb.
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Manuél Ferrari
> Aaron James
01/13/2015 at 01:33 |
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I lost a similar value 'bet' on some stock I knew nothing about. My friend told me to buy it.
I never bought stocks after that again. I let the 401K managers handle it
JeepJeremy
> Aaron James
01/13/2015 at 01:39 |
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I'm an OSU alumni. I was a junior when we won the title in 2003. There is no experience like your school wining it all! GO BUCKS!
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Aaron James
> Manuél Ferrari
01/13/2015 at 01:40 |
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Basically the same story with me. lifelong Bengals fan but really knew very little about the game or the 49ers. The only logic I used was I'm a fan so why not bet.
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Aaron James
> JeepJeremy
01/13/2015 at 01:43 |
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My brother played high school football with Kirk Herbstreit. He wasn't big enough to play in college but he got his Engineering degree from OSU.
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Manuél Ferrari
> Aaron James
01/13/2015 at 01:53 |
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haha at least you were a fan of the team
i wasn't a fan of this company. i knew nothing about them. it was some penny stock for a mining company that my friend had a 'lead' on
it was very exciting at first. the value went way up. then it tanked before we could cash out
not as bad as a guy i knew in college though. he spent money his parents gave him for tuition and expenses on an internet stock in 1999. the $15K went through the ROOF. it was worth over $1M. I begged him to at least sell half the shares. he didn't. then the market started going down in 2000 and he lost it all
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Aaron James
> Manuél Ferrari
01/13/2015 at 02:00 |
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Oh man, what a heart breaker.
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Manuél Ferrari
> Aaron James
01/13/2015 at 02:07 |
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i lost track of him after that. i bet he never got over it!
PS9
> Manuél Ferrari
01/13/2015 at 02:55 |
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Didn't even get the $15k back?
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Manuél Ferrari
> PS9
01/13/2015 at 13:32 |
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no! he was such a moron. i kept telling him to cash out. the value fell to $500K, then $300K, then $100K, then to around $15K
he kept saying "i'm in it for the long haul"
it was some "internet infrastructure company". he thought they'd be around forever. oops
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PS9
> Manuél Ferrari
01/13/2015 at 20:02 |
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Wow that sucks. I wanna feel bad for him...buuuuuuut, I don't know a damn thing about investing, and even I'd cash out after a 50% drop. Not every business is destined to be a centuries-long member of the Fortune 500, and even the chosen ones aren't insulated from market corrections. * cough* LEHMAN BROTHERS *cough*BEAR-STERNS*cough*
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Manuél Ferrari
> PS9
01/13/2015 at 20:17 |
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Exactly! I didn't feel bad because I begged him to cash some of the money out and he didn't listen.
The most hilarious thing is that we were both business econ majors. One of the basic principles they taught us is to diversify assets. He was a complete moron for not cashing out at least half his winnings and investing them in safer places.
We were both in study abroad in Sydney when he told me this. We met during orientation for the Americans. The US dollar was worth almost 2 Australian dollars at the time. I begged him to sell half his shares and invest it in AU while we were there. Even after paying US taxes he would have had a shit ton of money left since our dollar was worth so much more (the US dollar later declined comparative to the Australian dollar).
I told him that if he didn't want to invest in safe stocks and bonds he should at least buy a sports car while in Australia and to go out a lot and enjoy the money. That ended up being good advice because he could have sold it at the end of the year and recouped some money, whereas his shares were later worthless. And he would have had the memories of hooning around in Sydney and eating the finest steaks and drinking the best booze.