Does learning Austrian economics make you a better investor?

[Bill Brasky]

I have better things to do with a thousand bucks, like turning it into ten thousand bucks.

How do you do that?

Not with Gold, thats for sure. 

Day trade on margin, is the simple answer.  Except one thousand by itself won't do it.  You need about 5k to start.  5k I can turn into 50k, probably take me about six months. 

Once you get beyond 25k, you can pattern day trade and then it just goes crazy. 

People who trade long like investors are taking huge risk.  Market exposure is extremely dangerous.  You turn on the TV, and some asshole tested a rocket, your shit dropped 35% and it took six years to get there.  The market is a scam, all those guys screaming in the pits on Wall Street move it up and down.  Its a constantly moving slosh, and they skim the cream off the top.  The volatility they create is the key. 

[Bill Brasky]

"pvincent" <hostmaster@freetalklive.com> to [removed]@gmail.com
10:46pm

The following post, "Re: Does learning Austrian economics make you a better investor?" by Major Malfunction (Bill Brasky) has been reported by Pvincent87 on a board you moderate:

http://bbs.freetalklive.com/index.php?topic=29417.msg544830#msg544830

The reporter has made the following comment:
is this guy is a moderator?

Regards,
The The Free Talk Live BBS Team.

Yes, he is. 

[BonerJoe]

The market is a scam, all those guys screaming in the pits on Wall Street move it up and down.  Its a constantly moving slosh, and they skim the cream off the top.  The volatility they create is the key. 

Well, I'm glad you're not deluding yourself.

[Lindsey]

LOL, ok.  Everybody knows the HUI is the market. 

Wow, you're a dick. You're a moderator here? I think I'll leave. Thanks, good luck turning your thousand dollars into $10,000.

PROTIP:  Don't report a post about the moderator TO the moderator.  It goes to all of us, including Major Malfunction.  What did you think it was going to accomplish?

[davann]

LOL, ok.  Everybody knows the HUI is the market. 

Wow, you're a dick. You're a moderator here? I think I'll leave. Thanks, good luck turning your thousand dollars into $10,000.

PROTIP:  Don't report a post about the moderator TO the moderator.  It goes to all of us, including Major Malfunction.  What did you think it was going to accomplish?

I found it entertaining so I guess he accomplished that. But I am very easily amused.

[rabidfurby]

I have better things to do with a thousand bucks, like turning it into ten thousand bucks.

How do you do that?

Not with Gold, thats for sure. 

Day trade on margin, is the simple answer.  Except one thousand by itself won't do it.  You need about 5k to start.  5k I can turn into 50k, probably take me about six months. 

Once you get beyond 25k, you can pattern day trade and then it just goes crazy. 

People who trade long like investors are taking huge risk.  Market exposure is extremely dangerous.  You turn on the TV, and some asshole tested a rocket, your shit dropped 35% and it took six years to get there.  The market is a scam, all those guys screaming in the pits on Wall Street move it up and down.  Its a constantly moving slosh, and they skim the cream off the top.  The volatility they create is the key. 

Do you know of a book or website or something that assumes you know absolutely jack shit about this kind of stuff and teaches the (non-retarded) basics?

[blackie]

[rabidfurby]

(non-retarded)

[Bill Brasky]

I have better things to do with a thousand bucks, like turning it into ten thousand bucks.

How do you do that?

Not with Gold, thats for sure. 

Day trade on margin, is the simple answer.  Except one thousand by itself won't do it.  You need about 5k to start.  5k I can turn into 50k, probably take me about six months. 

Once you get beyond 25k, you can pattern day trade and then it just goes crazy. 

People who trade long like investors are taking huge risk.  Market exposure is extremely dangerous.  You turn on the TV, and some asshole tested a rocket, your shit dropped 35% and it took six years to get there.  The market is a scam, all those guys screaming in the pits on Wall Street move it up and down.  Its a constantly moving slosh, and they skim the cream off the top.  The volatility they create is the key. 

Do you know of a book or website or something that assumes you know absolutely jack shit about this kind of stuff and teaches the (non-retarded) basics?

No, Furb.  I'm sorry, I don't. 

Gimme a while, I'll fix you up. 

[rabidfurby]

I have better things to do with a thousand bucks, like turning it into ten thousand bucks.

How do you do that?

Not with Gold, thats for sure. 

Day trade on margin, is the simple answer.  Except one thousand by itself won't do it.  You need about 5k to start.  5k I can turn into 50k, probably take me about six months. 

Once you get beyond 25k, you can pattern day trade and then it just goes crazy. 

People who trade long like investors are taking huge risk.  Market exposure is extremely dangerous.  You turn on the TV, and some asshole tested a rocket, your shit dropped 35% and it took six years to get there.  The market is a scam, all those guys screaming in the pits on Wall Street move it up and down.  Its a constantly moving slosh, and they skim the cream off the top.  The volatility they create is the key. 

Do you know of a book or website or something that assumes you know absolutely jack shit about this kind of stuff and teaches the (non-retarded) basics?

No, Furb.  I'm sorry, I don't. 

Gimme a while, I'll fix you up. 

Thanks. No hurry.

[Luke Smith]

Austrian Economics is the science of human action. Learn more about it at mises.org if you are unfamiliar with it.

I believe understanding Austrian Economics in today's environment helps you allocate money Immensely. According to the Austrian theory of the trade cycle, hyper-inflation stend to increase the prices of items with inelastic demand exponentially more than other items. So what does this mean for you? It means you need to invest in oil, natural gas, uranium, agriculture commodities and monetary commodities like silver and gold RIGHT NOW...you'll probably make a killing is you do your homework and stay conservative while the average American loses his purchasing power to the inevitable runaway inflation which will destroy the U.S. Dollar.

That's really the tip of the iceberg, but you should start looking at investing options NOW and understanding Austrian economics will help you do that. If I can do it, trust me, ANYONE CAN lol

What do ya think?

I don't think that investing in sliver and gold is EVER a bad idea. I remember when I was little I was really into coins, and I bought all sorts of proof sets with silver coins in them. My god am I glad I did that, because it's worth a hell of a lot more now than it was.

[blackie]

Day trade on margin, is the simple answer.  Except one thousand by itself won't do it.  You need about 5k to start.  5k I can turn into 50k, probably take me about six months.

Does that mean you can turn that 50k into 500k in about 6 months?

Then turn the 500k to 5 million in about 6 months?

Then turn 5 million into 50 million in another 6 months?

5k to 50 million in about 2 years would be sweet.