About Me

Denise

"Develop a plan that is so amazing, so glowing, that you are willing to walk blurry-eyed to work everyday to make the money necessary to reach the light." Sparky

I'm a freelance journalist and crafter who dreams of starting my own business-- a hometown Tiki bar. I am a former New Orleans Bourbon Street bartender.

The tiki challenge: I must find creative new revenue streams, apart from my career.

**Five year tiki goal: $40,000**
**2009 Tiki fund goal: $2,500**
$2427.43 to go

**Total tiki money: $3,032.74**

***Savings Goals for 2009***
$10,000 into savings/ EF
$2,000 into 529 plan
$2,000 to Roth IRA
$2,620 extra college fund
$600 into new car fund
Total: $17,200

Pay $3,000 extra on student loan. Balance: $0. PAID OFF
As much as possible to IRA

***Progress Report***
$7343 savings, $2657 to go
$2200 to 529 plan, GOAL MET
$100 to Roth, $1900 to go
$400 to new car fund, $200 to go
$175 to IRA
$2,620 to extra college fund, GOAL MET

Student loan extra: PAID OFF

**Non- financial goals**
Write a novel in a month
Lose 10 pounds
Grow 100 pounds of veggies

**Progress**
0 pounds lost-- pregnant!
4 pages written
53.54 lbs. veggies grown

My Pages

Financial stock risk: spoke too soon!

September 29th, 2008 at 12:07 pm

The stock I bought for cheap wasn't cheap enough. I was up 40 percent last week, and I am don 50 percent today. Oh well! The price is down to about $1.44 a share. So what did I do? I just put in an order for 100 more shares. I'm willing to risk another $150 on 100 more shares. What the hell right? Market dips = stocks on sale!

I also bought 100 shares of Sallie Mae. I'd been waiting for them to dip to $10 a share and today they did. Down from $60 a share last year!

Posted in Uncategorized | 5 Comments »

5 Responses to “Financial stock risk: spoke too soon!”

gamecock43 Says:
September 29th, 2008 at 12:17 pm

Well at least someone is running into the market! I try to be optimistic and think of myself 20 years from now. I can brag that I was the person smart enough to stay in all the way. I am a fighter. I am a survivor. No one needs to know that I was shaking in my boots.
merch Says:
September 29th, 2008 at 12:46 pm

I was looking at GS today, but am still waiting. Lots of bargains out there.
pretty cheap jewelry Says:
September 29th, 2008 at 12:47 pm

Don't fret, stay the course, at least till the end of the year. We're going in too with $1K and take some risk.
thriftorama Says:
September 29th, 2008 at 12:49 pm

I'm not worrying or fretting, just looking for bargains.
Broken Arrow Says:
September 30th, 2008 at 05:29 am

Yeah, I'm really glad you feel this way. Buy on drop and average down. Really, Monday's drop is highly unusual, and really, nobody could have predicted that outcome.

So, in that sense, I actually think you're a bit harsh on yourself to conclude that you didn't buy "cheap enough". I prefer to think of it as, "You bought in cheap enough, but the store decided to make an even better deal for you to buy even cheaper!"

Thrift-o-rama and the quest for a Tiki Bar

One girl's quest to shore up her personal finances and save for her own business

Financial stock risk: spoke too soon!

5 Responses to “Financial stock risk: spoke too soon!”

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