I love techie trader talk. Listed below is a brief conversation I recently had with a fellow investor on Facebook. I usually don’t play around with puts and shorts when it comes to investing. For some strange reason, there is a little tiny voice inside my head that finds it inherently wrong to knowingly wish for and bet on a company failure and profit from it. But all investors, do invest to make money.
After all, nobody I know invests with the intent to lose money. Not even dear ol’ Fumbled Returns. And not everybody who invests and makes money off of the stock market is evil. Not even my short straddling buddy on Facebook.
It’s nice to know that making money can be put to good use.
For me, most recently, I have used the proceeds of my investments to pay the balance on my daughters college education. She did a wonderful job obtaining grants and scholarships, we have some money put aside to help with all of our kids college education (one excellent investment vehicle is the use of your local states 529 fund).
Any remaining costs and the difference is/was made up with proceeds from my investments.
In other words, one of my goals for investing is to help maintain little or no education debt.
So, why do you invest?
And what have you done with any profits in the past?