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+---- Thread: (S9) - Weekend PT 5 - Bad Investments (/showthread.php?tid=9847)
(S9) - Weekend PT 5 - Bad Investments - CDub2 - 08-11-2018
So Cameron Taylor has always been very careful with his money. Canadian currency is worth very little globally so it was important to keep what he had. Our damn twenty dollar bills smell like maple syrup. Nobody takes us seriously. So for Cameron to mis-use money hurts his credibility and his pocketbook. On a side note, it's not like safeties are making the big bucks either. So Cameron's stupid investment was buying into a Beach House condominium complex in the Yellowknife area. It was cheap real estate with a vibrant community surrounding his home sports team. Sounds like a dream right? Well, any Canadian north of a couple hours from the border knows that summers in the territories aren't exactly friendly. To put it frankly, in Yellowknife, there's maybe a good week of weather each year, and it would be laughable to call it "beach weather". So it was a bad investment, but Cameron has managed to rationale it a little bit about saying some Trumped up trickle down economics bullshit. 172
(S9) - Weekend PT 5 - Bad Investments - Trautner - 08-11-2018
Danny Grithead has been caught in his fair share of pyramid schemes throughout his life. But the greatest scheme that he has fallen victim to is definitely the gritolyte sports drink scam. Famed sports drink Gatorade has gotten its claim to fame from providing electrolytes to replenish athletes' fluids and vitamin levels. Grithead always drank his Gatorade as a young boy, often mixing it with his milk to both grow strong bones and stay hydrated. When Grithead got older, a shady man by the school offered him a secret, mysterious pink drink that the man said contained gritoloytes, important intangible vitamins that would help Grithead become the hardest working kid on the field. Grithead began buying gritoloyte drinks in bulk, at a neat price of $10 per bottle, and unfortunately it turned out to be just water mixed with dirt and pink food dye. After drinking a ton of it one night Grithead had to get his stomach pumped and he lost 15 lbs so it was worth it in the end.
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172 words(S9) - Weekend PT 5 - Bad Investments - Titan127 - 08-12-2018
Well, one day, I decided to throw in my hand in the electronic currency business. I invested a large amount of money in this crypto-currency and, unfortunately for me, it didn't happen to be bitcoin. Rather, it was from some other faction, and ended up being completely worthless within days of me pouring a hundred or so dollars into it. It wasn't a terrible loss on my end, but it was particularly painful to watch BitCoin's explosive rise whilst my own investment simply collapsed all around me. The lesson here? Only buy bitcoin, because the other crypto-currencies are, for the most part, unreliable, possibly worthless, more than likely not worth your time, and maybe even just a scam to make money for its creator. After all, who knows whether or not some unseen face is running a hoax, intent on draining your finances to fatten their own pockets?
Or, perhaps, I was just one of the unlucky ones. You do you, invest in whatever you want, but be smart about it, and do your research.
(S9) - Weekend PT 5 - Bad Investments - JBLAZE_THE_BOSS - 08-12-2018
One time that Jamal Slick threw money at something that didn’t work out actually happened at a local New England Gentlemen’s Club. The Foxy Lady in Rhode Island is a rite of passage if you are a big-time athlete in the New England area. Jamal Slick made his mark on the Boston sports landscape early on in his Boston College career, so once he was a known commodity, he made his way down to Providence for a night filled with what he hoped would be open holes akin to that of an ant farm. After collecting a substantial amount of money from the ATM, he sat down in a VIP booth with four different women. Jamal decided to make it rain that night, and $600 dollars later, went home with one of the worst cases of blue balls since the statistic’s inception in 1973. Jamal learned an important lesson that evening: no matter how much money you invest, she’s still just a dirty stripper from Providence.
(S9) - Weekend PT 5 - Bad Investments - PigSnout - 08-12-2018
One time Boss Tweed made an investment that turned out to be a very poor choice. He was approached by a company called Energy Water about making an investment. Their namesake product was a beverage called Energy Water. Energy Water was a drink that was supposed to provide you with energy and prevent you from getting tired. You could keep running laps for hours without getting winded or breaking a sweat. It sounded too good to be true, but the company presented a video demonstration that looked legitimate. Unfortunately it turned out that the video was doctored and the product was a fraud. "Energy Water" was simply tap water with food coloring and sugar added to it. The company hoped it would be a placebo effect where people would believe the product worked and it would actually work for them, but the product did not work at all so the company quickly went bankrupt. Luckily, Tweed hadn't invested too much money in them so it wasn't a big loss but he did feel pretty stupid in hindsight for investing in such a fraudulent product.
Quote:185 Words
(S9) - Weekend PT 5 - Bad Investments - dub - 08-12-2018
Reclaiming two decades of lost time isn't easy. There's a lot of paperwork. While most folks in their young 20s these days are used to the internet making bureaucracy easy, Balthazar didn't grow up with that ease. Triplicate carbon paper, form filing, doucmentation, this is all easy. Resurrecting himself legally was something that lawyers helped him with, but reclaiming accounts and other aspects of his life is problematic. So it's no surprise that despite being officially alive in the last few years, it's still taken him this long to work through the process of reclaiming basics like bank accounts.
One of which was still open in his name. Despite earning interest all this time, it only contains a few hundred dollars. His college savings fund, virtually emptied not long after his cryostasis began, but thanks to daily changing interest and market prices, not emptied entirely. A few dollars were left by the time trades occurred to cash out, so the account has been open all along.
Transaction history arrived today, printed from what appears to be photographic records. The bank charged a hefty fee for backdated transaction history here. The money was transferred out of his savings account, five digits worth in 1990, all his blue collar parents had successfully scrounged together. They were incredibly proud of themselves having set Crindy up, the football scholarship was just gravy. But the transfer that emptied the account wasn't to another account in the same bank. His parents only used one local credit union... the transfer was to another account, DDXCryo.
The bastards who froze him.. also stole from him. Crindy had "invested" in the fraudster scientists' operation, and it would be decades before they were brought to justice. His parents' hard efforts to save despite an oil-crushed Reagan-era Louisiana economy... his whole family had been danced on.
Furious, Balthazar reached for his phone, found his attorneys on speed dial. There was more revenge to be extracted.
(S9) - Weekend PT 5 - Bad Investments - timeconsumer - 08-12-2018
Laser kitchen knives. Sounds freaking awesome, right? That's what Angus Winchester though too. When he was approached by a startup looking for funding to get their laser kitchen knife products off the ground and to market he immediately thought that this could be a huge success. Knives that you don't have to sharpen? Don't have to clean? Don't have to really take care of at all? This is the damn future. Angus immediately invested $1 million into the venture for research, development, and marketing. However, while Angus knows a thing or two about cooking he knows very little about lasers. The fact is that lasers don't really work that way, and they are better at burning through things than they are at cutting them cleanly. So when the prototypes came out and Angus wanted to see his hard-earned money in action, all he got was a handle that kind of burned little holes in his steaks. Needless to say, Angus was pissed and never got to see a dime of profit.
(S9) - Weekend PT 5 - Bad Investments - Grapehead - 08-12-2018
Who knew it would be so difficult to sell ice over the internet? I had unlimited water coming out of my tap, and lots of freezer space, so it seemed like a no-brainer to try and supply ice to those who needed it. What better way to connect with my customers than over the internet right? Well as it turns out, ice melts really fast. Most of the time it was melted before I could even get it in the delivery box. I tell you, every single one of those soggy old boxes came back ‘return to sender’, which meant I was back to square one. For my second batch of shipments I tried sending the cubes still in the tray, but all that did was cost me more on postage, and lose me all my ice cube trays. So here I am now with no ice cube tray in my freezer, and I’m out all that money for postage.
(S9) - Weekend PT 5 - Bad Investments - nunccoepi - 08-12-2018
Fantasy Football. Every damn year without fail. I know that this has been a hotbed for political discussion in recent years--so I won't get all into that. But Verso L'Alto can't resist getting into the mix of the fantasy scene. Every year--especially as his name recognition has grown--he is invited to more and more fantasy leagues and he finds that he simply can't say no. What's more, they are starting to get costly. In the beginning, he had pledged that he would never pay for a league, but after that sweet rookie salary of more than a million dollars came in, he broke that promise to himself. Now he finds himself spending upwards of a hundred dollars per league. This wouldn't be so bad, and could actually turn in a nice bonus when he finally wins a league if for only one thing--he's horrible at draft strategy. He can't resist taking himself first (even knowing there are better picks out there), and he's a hard core homer drafter--he makes it clear from the beginning that he will be taking all the Hawks he can get, for better or for worse.
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(S9) - Weekend PT 5 - Bad Investments - Leafs4ever - 08-12-2018
I'm always keeping an eye out for the next big thing. I've told people I know to keep me in the loop for investment opportunities. Finally, a friend tipped me off on something that seemed like a gold mine. Little did I know, it was a fool's gold mine.
My friend alerted me to an investment that seemed like a good bet. The investment was bringing a Tim Hortons to Las Vegas. I thought it would be a great addition to the city. We pooled our money together and had prospectors go and find land to build it on. The first issue was the piece of land was not on the strip. That should of been the first warning sign for me to get out of the deal, but I thought maybe it could still work. We advertised all over, trying to get hype building. We advertised like crazy, but the construction on the buliding got delayed by months. The hype was dying down when we finally opened after a year and a half. We had a decent showing for our grand opening, but we never got our footing down. We couldn't get customers to switch from starbucks and we weren't getting tourists leaving the strip to come either. The location and the delays killed the deal before we even had a chance. Needless to say I lost my investment.
(230 words)