Does anyone here use AOR money to purchase stocks or mutual funds? I was just wondering because I decided to try this last week, and I'm already $400 in the hole.
Message edited by: RisingSun96815 on 2008-01-10 11:37:38 CST
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- RisingSun96815
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posted: Jan. 9, 2008 @ 2:04p 
Update (Apr 18) Sold two mutual funds today, securing a capital loss of $314
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- NewGuy
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- ArbolLoco
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- kamalktk
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RisingSun96815 said:Does anyone here use AOR money to purchase stocks or mutual funds? I was just wondering because I decided to try this last week, and I'm already $400 in the hole.
It's been done. You're learning the reason why not to do it.
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- lampy2k4
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- scott1961
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- soundtechie
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you do understand that that's $400 cash that you have to pay back, right?
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- captainwho
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RisingSun96815 said:Does anyone here use AOR money to purchase stocks or mutual funds? I was just wondering because I decided to try this last week, and I'm already $400 in the hole.
You should have waited until this week when the stock prices were lower.
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- richfish13
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Now is a really bad time to play the stock market with money you don't have.
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- lostdude
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scott1961 said:This could be YouFrom the thread:I am still a student at the moment. Last year I borrowed 30k from credit card companies and lost them all in the stock market. Trading stocks is the dumbest decision I have ever made and there is no way back. I will graduate this summer with a MA degree and probablly start working around August, but I have nothing to pay for my credit card balance now.
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- VerbalK
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No, but since I count on my AOR interest to pretty much fund my Roth, I've been putting a lot more money in my "Play" brokerage accounts than I normally would. Shorting Country wide has been a pretty good move thus far.
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- lorcha
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- Squeezer99
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let this be a perfect example of why you should only invest AOR money into FDIC insured high yield savings accounts and certificates of deposit.
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- DjPiLL
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It amazes me how even when people are getting free money... they decide to get greedy.
It's FREE MONEY people! Don't screw it up!
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- WalStMonky
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I invest my AOR money. It's not a big deal when you know what you're doing. But if you're the kind of a person who would have a heart attack if the market fluctuates against you for a moment I guess you have to keep all your money in CDs anyway.
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- lhendricks92
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richfish13 said:Now is a really bad time to play the stock market with money you don't have.
more accurately, it's always a bad time to risk money you need to liquidate in 6-12 months. doesn't matter that the money isn't yours.
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- richfish13
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lhendricks92 said:richfish13 said:Now is a really bad time to play the stock market with money you don't have.
more accurately, it's always a bad time to risk money you need to liquidate in 6-12 months. doesn't matter that the money isn't yours.
Very true, but right now is too way volatile and turbulent with all the recession fears.
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- dcwilbur
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RisingSun96815 said:Does anyone here use AOR money to purchase stocks or mutual funds?Not directly, but in an indirect sense, I guess I do. Let's say I have $100k in a brokerage account invested in stocks and I have $50k in AOR money in the bank earning a nice little return. Now let's say I decide to buy a $30k car. I will probably use the AOR money to buy the car, all the while telling myself that I need to sell $30k in stocks and move that money over to the AOR account, but that's the part of the plan that never seems to happen. So, you tell me, am I investing the AOR money (or am I just blowing AOR money on a new car 
)?
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- Glitch99
- Senior Member - 2K
WalStMonky said:I invest my AOR money. It's not a big deal when you know what you're doing. But I'm assuming that your AOR money is not ALL you have to invest, and in a worst-case scenario you'll be able to cash out while you still have enough to cover the AOR balances.
Its one thing to invest $200k when $100k is AOR money (which demonstrates risk tollerance), another thing to invest $100k AOR money when you are banking on that $100k to repay AOR debt (which demonstrates stupidity).
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