If you had a Million bucks in cash.....

Discussion in 'Trading' started by Nexen, Oct 17, 2009.

  1. Thats easy. Buy 1mm worth of dec eminis for the run to 1300.

    Lock.
     
    #21     Oct 17, 2009
  2. Nexen

    Nexen

    Great risk management my friend.
     
    #22     Oct 17, 2009

  3. You're methodical patience is uncommon, nicely done. How did u get the million in the first place?
     
    #23     Oct 17, 2009
  4. Nexen

    Nexen

    Unfortunately, I did not earn it, uncle inheritance.
     
    #24     Oct 17, 2009
  5. Along the lines of makloda's plan. Of course no reference to debt in the question implies NO debt. If implication is wrong, then certain percentage pays off ALL debt FIRST including mortgage, kids future college, everything. Paying off debt is always an excellent investment. :D
     
    #25     Oct 17, 2009
  6. Nexen

    Nexen

    Great suggestion, unless it's good debt, you know the kind.

    However, if bad debt, absolutely, kill it first.
     
    #26     Oct 17, 2009
  7. Risk??? What risk???

    Recession is over, clear skies ahead.
     
    #27     Oct 17, 2009

  8. so that is why you instead would put 20% into precious metals, which have a lot of room to freefall?
     
    #28     Oct 17, 2009
  9. ironic, but every trader that posts here what he would do is admitting i'm broke

    BUT I CAN TRADE :D
     
    #29     Oct 17, 2009
  10. well the dollar will fail in my lifetime, so I'm putting at least 20% in precious metals.
     
    #30     Oct 17, 2009