Tuesday, October 21, 2008

Losing patience

I'm really losing my patience here. I still do think we're going to go down futher to 'really' scare people away.

I bought '25' shares of AAPL on my Roth IRA (4K account!). AAPL's earning is today. I do like the company and I mean I really like the 'value' of the company.I own a few apple products and they are great. I'll like to hold these for a while regardless of the earning's result. Besides, I just ordered a new aluminum macbook and I'm very excited. My wife will take over my old white macbook. :) (thanks, hon.)

Lumber is where I really lose my patience at. Another limit down today. Markets go through inflation and deflation, but what's funny about lumber is, it has been deflated for about 2 years and still deflating. I'm wondering if it can actually go to zero. Will lumber be free? At least, since I'll build a house in 4 months, hopefully I can benefit the low lumber price.

Did I tell you have a Realtor license? I just got it to know about home buying and selling. Guess what, it seems I'll be a licensed general contractor as well. Maybe I'm too cheap, but I don't think they should be paid for work they 'usually' do at least in my area. The realtor exam was not hard and it doesn't seem on the general contractor either (1 book, 4 hr long open book test).

Typically, if you become your own general contractor, you can save 'at least' 20% of builders' quote. If you build your own house, you don't have to be licensed, but the community I'm looking at requires to hire a licensed one. Besides, lenders don't really like doing construction loan unless I deal with a licensed one. Above all, I really like to know what's involved and I want to build it right!

I don't usually talk about other stuff than markets, but I just suddenly thought about it. Sorry, if you're not interested.

OK, looks like AAPL's earnings came out. I bought mine at 93.50 and it had a little pop, but came back to my entry although it was down quite a bit before the announcement.

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