posted on February 6, 2006 02:09:18 PM
http://moneycentral.msn.com/content/CollegeandFamily/Raisekids/P143966.asp
(Don't know how make active)
Hello,
Moneycentral.com has article on selling or working from home. One of their spiffy idea's is selling on Ebay! I personally think more money could be made as a day trader in junk stocks.
David
posted on February 6, 2006 02:41:32 PM
Not a bad article, actually. It mentions LiveOps, the at-home call center company.
I know you're burned out on eBay, David, but in addition to my jewelry sales, I'm selling excess stuff from my house. I expect to net at least $6,000 from that this year, with another $5,000 netted from mystery shopping (which they also mention in the article). Shucks, I made $140 yesterday just talking to people about prepaid cellphones, something I know a lot about.
Sorry, I've got to get back to work. The eBayable stuff around here is piling up almost faster than I can photograph and list it.
(Geez, what's a vintage Coach purse worth without the leather tag?)
posted on February 6, 2006 04:08:12 PM
I don't remember new Coach purses for old, ever. They had a policy that if there was a defect, they would repair it if they could, or you could trade in and get 50% discount off list for a new one. Now that they have factory stores, it doesn't seem like such a great deal.
posted on February 6, 2006 04:09:04 PM
Fluff,
In a word Yes, Actually I am buying them only on paper and and logging in Excel. I seem to do quite well. I am at the near the point of plunking down my $500 "Stake money" and doing it for real.
Yes, I am burnt out on Ebay but it did keep us a float for several years by selling my World wide stamp collection one piece at a time and buying and selling other material.
One year my profit was 18,000.00 and that is hard to do just on stamps. I will sell some on Ebay but Ebay is no fun when you HAVE to make some sales or else. Luckily those days are over.
posted on February 6, 2006 04:49:18 PM
David wrote personally think more money could be made as a day trader in junk stocks.
Um, they say the easiest way to make a small fortune in day trading is... to start with a large one.
I briefly did day trading back in the mid 90s before the term was bandied about with gay abandon. You could make VERY large sums of money while the tech market continued to climb higher with every passing day. Even easier money could be made if you had brokerage accounts at certain West Coast firms, that had VC departments, when they did IPOs. (You also had the opportunity to get in as second- or third-tier venture capital if you liked high-risk/high-reward investments.) Very stressful but exciting if you can stand it. Note that minimum investment required is around $250k to $750k for entry level VC participation.
I did the trade-in and 50% off a new one, years ago. Sadly I could not replace the beloved purse I'd traded in. They no longer made it.
Did you know that the Factory Stores sell merchandise that is made specifically for them? There's a little merch that comes from the regular Coach stores but not much.
It's all made in China these days, anyway, so I can no longer justify $275 on a Coach handbag. Even Dooney and Bourke is made in China.
It is highly unlikely that you will make money trading stocks in this way. The odds are very stacked against the average investor. We all think we are smarter than everyone else, which is a statistical impossibility. But if you have $500 you don't need, go for it.
posted on February 7, 2006 09:45:16 AM
One of the strongest "tells" I ever had about a market was when I noticed my admin day trading (not long before the Nasdaq debacle) -- and she wouldn't know an equity from a fruit basket. Unfortunately, since I worked at an investment bank, I wasn't allowed to buy puts in my personal account. Oh, the money I left on the table... in retrospect, I would have been better off quitting my job and doing the trade.
Claude
PS It wasn't until much later that I found out that I would have been allowed to buy Index Puts if they were on a sufficiently large market, so that no inside information could have possibly affected my decision, and if I got approval from Compliance before-hand.
