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briansol · 08-02-2008, 04:26 PM

well, in doing some reading, everyone jumped ship and went over to ambac
ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance

i bought in about 90 shares just before the buzzer

we'll see what happens on monday

titan22 · 08-03-2008, 02:19 PM

where did you buy it at?

briansol · 08-04-2008, 11:35 AM

got in a 3.86

currently at 4.04 real time

briansol · 08-05-2008, 11:50 AM

BUY BUY BUY

ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance

earnings tomorrow morning

almost $5 already today...

titan22 · 08-05-2008, 11:59 AM

i'll add this to my watch list. we'll see what happens.

briansol · 08-05-2008, 12:02 PM

i just threw another 80 shares into my roth.

titan22 · 08-05-2008, 12:04 PM

eh, roth?

if i was as committed as you, i would get about 2000 shares in an outside account.

briansol · 08-05-2008, 12:19 PM

my roth ira and my simple ira (401k wanna be) are the only 2 accounts i have.

they are free/open, no limits just like a normal free trade account.

my options are to keep it in cash reserves (making ~2%) or to play stocks.
i'm playing stocks.

i'm young... i can afford a loss.
even in this bear market, i'm doing pretty good.

since april, i'm up 8% in my roth
my simple isn't that hot simple because i made some stupid buys when i first started... down 21%. BUT, 50% of my simple is employer match... so, i'm still technically up 30% on my own money.

titan22 · 08-05-2008, 12:22 PM

you should have a more conservative retirement account and an individual account at fidelity where you can incur 100% loss and not be worried. the problem with being tied up in retirement, you are penalized if you want to withdraw.

if you have a separate account, if you hit something big and have a $20k gain, you can pull it out and pay off bills instead of living strictly off of income assets.

briansol · 08-05-2008, 12:30 PM

yes, i realize that.

but at the same time, i don't want to pull it out.

If i have 20k, i'll sell and it goes back into cash reserves until i buy something else with it.

at my age, its time to get a solid base for retirement.
if i do well, i could theoretically stop funding my accounts by the time i'm 30-35.

then, i can play.

08-02-2008, 04:26 PM	#1
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	Ambac (ABK) well, in doing some reading, everyone jumped ship and went over to ambac ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance i bought in about 90 shares just before the buzzer we'll see what happens on monday

08-03-2008, 02:19 PM	#2
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	where did you buy it at?

08-04-2008, 11:35 AM	#3
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	got in a 3.86 currently at 4.04 real time

08-05-2008, 11:50 AM	#4
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	BUY BUY BUY ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance earnings tomorrow morning almost $5 already today...

08-05-2008, 11:59 AM	#5
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	i'll add this to my watch list. we'll see what happens.

08-05-2008, 12:02 PM	#6
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	i just threw another 80 shares into my roth.

08-05-2008, 12:04 PM	#7
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	eh, roth? if i was as committed as you, i would get about 2000 shares in an outside account.

08-05-2008, 12:19 PM	#8
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	my roth ira and my simple ira (401k wanna be) are the only 2 accounts i have. they are free/open, no limits just like a normal free trade account. my options are to keep it in cash reserves (making ~2%) or to play stocks. i'm playing stocks. i'm young... i can afford a loss. even in this bear market, i'm doing pretty good. since april, i'm up 8% in my roth my simple isn't that hot simple because i made some stupid buys when i first started... down 21%. BUT, 50% of my simple is employer match... so, i'm still technically up 30% on my own money.

08-05-2008, 12:22 PM	#9
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	you should have a more conservative retirement account and an individual account at fidelity where you can incur 100% loss and not be worried. the problem with being tied up in retirement, you are penalized if you want to withdraw. if you have a separate account, if you hit something big and have a $20k gain, you can pull it out and pay off bills instead of living strictly off of income assets.

08-05-2008, 12:30 PM	#10
briansol Savings Advisor Join Date: Aug 2006 Location: Central CT Age: 32 Posts: 761 Rep Power: 7	yes, i realize that. but at the same time, i don't want to pull it out. If i have 20k, i'll sell and it goes back into cash reserves until i buy something else with it. at my age, its time to get a solid base for retirement. if i do well, i could theoretically stop funding my accounts by the time i'm 30-35. then, i can play.

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