Steeles Royal

Best & Worst Investments

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Rockslinger

Banned
Apr 24, 2005
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What was your best and your worst investment in the past ten years? Ok, I'll go first.
Best Investment: Research in Motion
Worst Investment: Too numerous to mention. Ok, I'll mention two: Nortel and Citigroup.
 
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FOOTSNIFFER

New member
Jan 23, 2004
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Best investment: a half-share in a fitness club: who knew there are so many people out there who want to pretend to lose weight?
Shoppers Drug Mart, bought when it was known as Imasco....I've been compounding my way to riches with that one.
Citigroup when it was trading at around $12/share back in 1992...I bought loads of out of money options on a lark when I heard of the arab sheik's buying a huge stake in the bank...that launched quite a few trips to the
friendly neighbourhood SPs
When favourable, I've been 'hitting singles' with a collar strategy on my long term stocks for about 15 years now, a strategy that returns a nice stream of income while allowing me to sleep at night.

Worst investment: I was dumb enough to take the bait on Barrick Resources, on which I was making some decent profits when the fraud hit. That one hurt.
 
A

Anynym

Just a bit to the right
Dec 28, 2005
2,959
6
38
Best investment: Nortel. Worked for the company at the time. Paid off handsomely.

Worst investment: buying another round at the bar. Sometimes I think I'm just pissing that money away.
 
S

SkyRider

Banned
Mar 31, 2009
17,550
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FOOTSNIFFER said:
Worst investment: I was dumb enough to take the bait on Barrick Resources, on which I was making some decent profits when the fraud hit.
Click to expand...
Did you mean "Bre-X"? At one time, the market cap of Bre-X was greater than that of mighty TD Bank. Go figure.
 
P

peteeey

Well-known member
Aug 18, 2001
1,760
191
63
Retirement Planning

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $14.00.

With AIG, you would have had $6.67 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of CitiBank stock you would have $8.00 left.

But, if you had purchased $1,000.00 worth of wine one year ago, drank all the wine, then turned in the bottles for the recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to Drink heavily and recycle.
 
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papasmerf

New member
Oct 22, 2002
26,531
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42.55.65N 78.43.73W
Best investment is time with my daughter

Worst has been not moving west when her mom uprooted her from me.
 
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qwertyuio

Member
Aug 28, 2007
116
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16
I had an uncle who lost a ton on that BRE-X thing. Kind of soured me and my entire family on stocks.
 
R

Rono

Average Sized Member
Oct 21, 2005
1,281
6
38
Worst: ex wife
Best: Hemosol. Bought 5000 shares at $1.24 sold at $23.10. It eventually tanked when they realized that the artificial hemoglobin did not work as well as expected. Great concept but needs more work.
 
S

stang

Banned
Oct 24, 2002
4,947
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S ontario
Best? My condo.

Worst? Bought a tonne of gold just before the Gulf War. (Who the fuck expected the fuckin Yanks to win that one in only 100 hours damn it!) :(
 
J

JohnLarue

Well-known member
Jan 19, 2005
18,720
4,197
113
Best : Logan Resources Bought @ 0.16, sold years latter for approx $18.00
Worst: Andersons Ande Bought @ $49 now @ $14.65
 
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Tia Phoenixx

shemale escort
Sep 19, 2008
178
0
0
toronto, but travel to other cities
www.tia-phoenixx.com
best investment: my exboyfriend. he is a CEO.
He taught me about european culture, art, good food, wine and hotels, and the way to think positively. Not to mention that he paid for my education. We traveled every weekend overseas...ah..what a nice time i had.

worst: a lot:(
e.g: One of my current stocks: AIG. bought for 6 dollars, and now is about 1.6 dollar.
 
U

Uzo

Member
Jul 30, 2002
551
0
16
Best investment, AIG and Citi, got the first at 0.45 and got Citi for $1. Got lucky forsure.

Worst investment - car - depreciate, guzzle money.
 
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