Where to park some of that downpayment money?

I have a good amount in cash. Not my stock portion, but what would otherwise be my bond portion.

There really just aren't a lot of options right now.

Try SBLK - risky play but lots of upside. It is selling at 0.96 per share... Based on latest conference call, I expect it to hit $2+ by Dec 2012. I bought 35K shares at 0.88 - 0.91 per share.

Great place foe your re deposit...J.H.C.!

bobnay, SBLK would normally fall out of my filters because of their debt level, but their share repurchase plan and recent refinancing last quarter offset the downside risk a bit. I think it would survive to hit $2+ *some day*, but can you explain why you think it could happen by Dec 2012?

How about that the stock is below $5? How about that the stock is below $1?

Interesting analysis and discussion on SBLK:
http://seekingalpha.com/article/375721-star-bulk-carriers-get-in-for-the-long-haul

I am long TGH. This is a mega-speculative play in shipping. What will the Greek bailout mean for this company? Charter rates seem low, but china imports could influence things ( or -). Highly speculative, but probably better odds than putting it on red.

fsbo88, where do you expect TGH to be in 12-18 months? Considering the gains recently and the pre-recession price adjusted for dividends, I'm interested in hearing why you think it will head significantly higher from here.

swiss/cayman island banks

@Sunday: $2 by Dec 2012...That was just my opinion... and mum's the word (ahem - ahem)...

Re: How about that the stock is below $5? How about that the stock is below $1?

Parking downpayment money and penny stocks? --- you people gotta be f'n kidding.

90 bps at http://personalsavings.americanexpress.com/
90 bps at http://www.discoverbank.com/
70 bps at https://www.dollarsavingsdirect.com/

Put me down in the West34 column. Commingling down payment money with speculative message board investment ideas sounds like a page out of the MF Global playbook. Do you want to live in Jersey like Corzine?

bobnay, I understand it's just your opinion and it might turn out that way, but you don't really expect anyone to take "mum's the word (ahem - ahem)" seriously do you?

I am not parking downpayment money in sblk and would never advise it! My suggestion of sblk was where I invested some portion of my portfolio that I can risk. If it goes down, I can take that hit. I would never invest money needed for a downpayment in SBLK.

Penny stocks!!!!! Ballz in on sprint! It's like a $2 option on an entire company!!!!! A forever option. Until it goes bk!

I got big ballzzzz. But I figure even if I lose the $300k downpayment, my 3bdrm cpw has come down $1mm over the last yr and probably $2mm by the time I buy. And if my option pays off, in cost basis for the 3bdrm is free. Free. Free.

Damn you Greeks. Hold it together till my option pays off!!!!!!

w67th, assuming you're holding mostly cash? Do tell...

Where is Inonada on this? I'm mostly in fixed income now - NYC munis. Looking to get out as munis are trading high right now.

Second the call for 'nada!

Hey bjw, quick simple math for you:
Two minus one equals?

sunday, You gotta be crazy to invest your downpayment in single stocks. Even index investing should be a no-no. If your horizon is 1-2 year or less for buying, strictly cash or CDs. Play with the remaining money you have.

Crazy or not beholden to owning. Locking into that "must buy" mindset can easily cut your risk appetite. Not sure that's always a good thing.

I'm something like 50% stocks right now, 25% alternative illiquid stuff, 25% cash. The cash will go to either stocks and/or another alternative illiquid opportunity. The latter depends on price of stocks (the cheaper the better), the latter depends on whether the opportunity pans out. Been too busy with work to take time to play stock-picker on individual stocks recently, looking at this thread for ideas as well ;).

None of my money is "downpayment money", I have transcended the concept.

"None of my money is "downpayment money", I have transcended the concept."

I made that mistake - for my age, was too risk averse and locked into that "must buy at some point" mindset. Are you tempted to take some profits from the stocks you do own right now?

read before you blather: re stox, he said he may be adding--see where it says that??

"depends on price of stocks (the cheaper the better)"

Bottoms - see where it says that? I basically am asking if he thinks there's much that's cheap out there. You really enjoy being a f%*&%ng moron.

"Are you tempted to take some profits from the stocks you do own right now?"

Nope, not really. Will likely donate a chunk of the biggest winner to charity (which they will immediately sell), but that's mostly motivated by maximally screwing the tax man.

Don't tell financeguy that last part.

I'm guessing you're not terribly interested in selling mostly because of your risk tolerance rather than a sense that stocks are still "cheap"?

"I'm guessing you're not terribly interested in selling mostly because of your risk tolerance rather than a sense that stocks are still "cheap"?"

are you trying to set standard for blather?

SBLK oversold because of Greek economic situation worries. But business comes from non-Greek sources. When cash flow #s come out next few qtrs showing they can service debt and pay dividends easily, stock price should go up. My DCF model says stock is worth about $1.57 - $2.21 (depending on assumptions used). If it hits 1.50, I will sell some portion of my holdings.

Just my humble opinion. ...

I thought I was shaving a lot on the jumps, but I still have just as high a % of portfolio in stocks as I did a while back because of the growth. Glad to have made that "mistake", did some more shaving last few days.

"None of my money is "downpayment money", I have transcended the concept. "

Nada, kindly elaborate.

He thinks he's Sting.

Transcended.. you know more enlightened than a RE BORKER.

Concept of taking chunks of one's assets and allocating it differently.

Like $10K in Lotto tkts purchases is segregated from $2K in food for the family.

Like $500K in downpayment versus $100K in 401K plan as a 67 yo.

Like $3MM "ownership" of COOP shares versus $12K/month rental and $3MM earning 10% (meaning you ARE LIVING RENT FREE).

Like Riding a RE BUBBLE up $3MM and then $3MM down is somehow different than selling APPL at $250 and watching it hit $500/share... cause it's a HOME!

ummmmmmmmmmmm........... may you be enlightened to the ways of taking advantage of other's financial stupidity. Like robbing a bank wo a gun.

bobnay, thanks for the additional comments.

"I'm guessing you're not terribly interested in selling mostly because of your risk tolerance rather than a sense that stocks are still "cheap"?"

I think they are approximately fairly values, meaning prices to give a decent return. I wouldn't say "cheap" any more, but rather "fair".

"Nada, kindly elaborate."

- I don't consider purchasing an apt a life goal.
- Money I'd use to purchase an apt is a fraction of what I have / earn / will save over the next N years.
- I don't separate money into categories.

CDs

Any other ideas?

Any thoughts on Netlist(NLST), especially from someone familiar with server memory?

Sprint?