> Just received our financial statement and it appears we lost money last month.Previous | First | 1 | Last | Next
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Diarrhetrius BrownJust received our financial statement and it appears we lost money last month.
Surprise! Surprise!
Lost just a tad over $6,000 but it will come back.
Yeah, it hurt but it ain't the end of the world and I am confident my money will return soon.
Dow jones today ended at 42,410.10 +1,160.72 (2.81%)today
If you will remember on April 7th I purchased $20,000 worth of ABLAX at $32.20. 621 Shares.
https://www.campidiot.com/viewtopic.php … 8#p7598188
On Friday ABLAX closed at 34.35 so the value went up by $1,328 which cushioned my loss. Watch what happens to the market tomorrow.
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Tom LeykisRe: Just received our financial statement and it appears we lost money last month.
You didn't lose a dime unless you sold assets. Normally, the ONLY thing that counts is monthly cash flow positive minus expenses. It DOESN'T matter what the asset is worth, just what it generates.
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caseycukedmeRe: Just received our financial statement and it appears we lost money last month.
Tom Leykis wrote:
You didn't lose a dime unless you sold assets. Normally, the ONLY thing that counts is monthly cash flow positive minus expenses. It DOESN'T matter what the asset is worth, just what it generates.
As long as his EBT get reloaded on the 15th Spankie will be just fine
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Tom LeykisRe: Just received our financial statement and it appears we lost money last month.
caseycukedme wrote:
As long as his EBT get reloaded on the 15th Spankie will be just fine
You know I don't care about the insolvent street bums.
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Re: Just received our financial statement and it appears we lost money last month.
Tom Leykis wrote:
You didn't lose a dime unless you sold assets. Normally, the ONLY thing that counts is monthly cash flow positive minus expenses. It DOESN'T matter what the asset is worth, just what it generates.
Trained you well your broker has
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HeekeeRe: Just received our financial statement and it appears we lost money last month.
wrote:
Trained you well your broker has
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yup 
My ON4 Communications will bounce back to a penny any day now!
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Tom LeykisRe: Just received our financial statement and it appears we lost money last month.
Heekee wrote:
yup
My ON4 Communications will bounce back to a penny any day now!
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Well, I trained myself on that. Stocks, yeah, Heekee knows I have a bunch, but the REAL asset base is Real Estate. Now that the mortgages don't exist, the income producing ones - which have been meticulously maintained - are generating positive cash flow. It's sufficient.
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