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Bad Investment

 
 
Reply Sat 7 Jul, 2007 09:36 am
I like to play the stock Market, It is my Black Jack, sometime ago I got a hair in my duff that convinced me that IRAQI DINARS (money) would increase in value since sadams face was taken off, so I bought $500 (american money) worth of Dinars (Roughly 27,000 Dinars) Not a bad investment I thought, untill It was decided that the prinitng of sadam dinars in iraq would continue because no one would accept the new money.

As it stands now my 27000 Dinars is worth ABOUT $22.00

8 cents per 100 dinars

Currency is fun to play with but damn depressing.



How about the canadian dollar eh? I wish I had bout $500 worht of their money a year ago (64 cents to the US dollar) now 96 cents to the US dollar would have made a crisp 150 bucks.
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Type: Discussion • Score: 1 • Views: 759 • Replies: 15
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socalgolfguy
 
  1  
Reply Sat 7 Jul, 2007 04:11 pm
@rugonnacry,
Why in the hell are you buying Dinars..? During a war? tsk tsk, Ryan.

A very old friend that owned an auto parts store told me he was interested in the stock market. His financial planner asked him what he knew about the market. He said "I know nothing". The planner asked "What do you know?" He replied "auto parts". The planner told him to buy another store and forget playing the market. When he retired he sold off all 33 of his stores for millions. Still stays away from the market and foreign investments.
rugonnacry
 
  1  
Reply Sun 8 Jul, 2007 08:44 am
@rugonnacry,
Buying into the Dinar was a support of America, we were trying to promote a NEW IRaqi Dinar, WITHOUT sadams face on it. Thus far it has ailed miserably
0 Replies
 
socalgolfguy
 
  1  
Reply Mon 9 Jul, 2007 12:20 pm
@rugonnacry,
Oh... we live and learn. Sorry about the loss - you'll more than make up for in later, I am certain.
0 Replies
 
Silverchild79
 
  1  
Reply Mon 9 Jul, 2007 12:46 pm
@rugonnacry,
I have a 25 Dinar note with Saddam on it :-D

collectors!
0 Replies
 
missdixy
 
  1  
Reply Tue 10 Jul, 2007 09:53 am
@socalgolfguy,
socalgolfguy;25290 wrote:
Why in the hell are you buying Dinars..? During a war? tsk tsk, Ryan.


Yeah, what he said. :p
socalgolfguy
 
  1  
Reply Tue 10 Jul, 2007 12:37 pm
@missdixy,
missdixy;25676 wrote:
Yeah, what he said. :p


I love Dixy.

If I had one, I would frame it and put in my office. Quite a keepsake.
0 Replies
 
Drnaline
 
  1  
Reply Tue 10 Jul, 2007 01:39 pm
@rugonnacry,
heah, RU, i'll give you face value for a couple of those bills? if you pay the shipping/postage?
0 Replies
 
socalgolfguy
 
  1  
Reply Tue 10 Jul, 2007 02:32 pm
@rugonnacry,
Hey wait!! I want one too!

This might turn out to be a good investment after all.
0 Replies
 
rugonnacry
 
  1  
Reply Wed 11 Jul, 2007 06:10 pm
@rugonnacry,
LMAO... 100 Iraqi Dinar notes is worth 8 cents the investment is shot LOL. an I dont have the dinars in hand, that is illegal (Cameron Military Crimes ahem) but I can INVEST in them. It is like investing in Microsoft, you have your shares but you cant go in to microsoft and say HEY I have 100 Shares I am taking this computer
Curmudgeon
 
  1  
Reply Wed 11 Jul, 2007 10:29 pm
@rugonnacry,
I have a bunch of old wrenches that should have been an investment, but the market softened considerably lately, but at least I can hold them and even use them if I want. I stay away from the stock market.
0 Replies
 
Drnaline
 
  1  
Reply Thu 12 Jul, 2007 07:53 am
@rugonnacry,
rugonnacry;25965 wrote:
LMAO... 100 Iraqi Dinar notes is worth 8 cents the investment is shot LOL. an I dont have the dinars in hand, that is illegal (Cameron Military Crimes ahem) but I can INVEST in them. It is like investing in Microsoft, you have your shares but you cant go in to microsoft and say HEY I have 100 Shares I am taking this computer
Gotha.
0 Replies
 
rugonnacry
 
  1  
Reply Thu 12 Jul, 2007 07:49 pm
@rugonnacry,
Curm... good job
0 Replies
 
briansol
 
  1  
Reply Thu 12 Jul, 2007 10:44 pm
@rugonnacry,
If any of you are seriously interested in money/savings/investments, i run an investing forum as well.

SavingsTalk.com
socalgolfguy
 
  1  
Reply Thu 12 Jul, 2007 10:56 pm
@briansol,
briansol;26256 wrote:
If any of you are seriously interested in money/savings/investments, i run an investing forum as well.

SavingsTalk.com


Somehow, I thought that would sneak in...nice plug.
0 Replies
 
Drnaline
 
  1  
Reply Fri 13 Jul, 2007 06:58 am
@rugonnacry,
I play the stock market but not with real money. I keep track of like five stocks and watch what happens if i would of put money on them. I'll take a look at your site.
0 Replies
 
 

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