Why didn't I buy $100,00 in stock a couple of years ago? http://www.reuters.com/article/idUSTRE7060VO20110107
Last edited:
-
Welcome Visitor! Please take a few seconds and Register
for our forum. Even if you don't want to post, you can still 'Like' and react to posts.
Interesting read
- Thread starter rtg143
- Start date
adsm08
Senior Master Grease Monkey
Supporting Member
Article Contributor
Ford Technician
TRS 20th Anniversary
- Joined
- Sep 20, 2009
- Messages
- 34,623
- City
- Dillsburg PA
- Vehicle Year
- 1987
- Engine
- 4.0 V6
- Transmission
- Manual
- Tire Size
- 31X10.50X15
Because buying stock on margin is right up there with welding the pinion to the ring gear for extra traction.
I've been thinking about this issue for a while now though. Just on a smaller scale. The dealer I work for sells about 120 cars a month in an area that is not that large. Granted we are the only Ford dealer in a fairly large radius, but I don't see this level being sustainable. 75 is a more realistic number.
My GM's performance is based on % increase over the previous year. Not a good model.
I've been thinking about this issue for a while now though. Just on a smaller scale. The dealer I work for sells about 120 cars a month in an area that is not that large. Granted we are the only Ford dealer in a fairly large radius, but I don't see this level being sustainable. 75 is a more realistic number.
My GM's performance is based on % increase over the previous year. Not a good model.
naford
Well-Known Member
- Joined
- Sep 30, 2007
- Messages
- 800
- Vehicle Year
- 2002
- Transmission
- Automatic
It's a long read. Buying stock is like gambling buying stock on margin is like gambling with a loansharks money. In the stock market hindsight is always 20/20. I took a gamble on CIT when it was around a buck a share thinking the government would help bail them out. I was wrong lost everything.
Last edited:
Sponsored Ad
Sponsored Ad
TRS Events
Member & Vendor Upgrades
For a small yearly donation, you can support this forum and receive a 'Supporting Member' banner, or become a 'Supporting Vendor' and promote your products here. Click the banner to find out how.
Recently Featured
Ranger Adventure Video
TRS Merchandise
Follow TRS On Instagram
