Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Diversification Opportunity
Old 02-10-2006, 09:18 PM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 39,206
Diversification Opportunity

For those of you looking for an investment to diversify your portfolio, how about a futures contract...

Enron Trial Spawns Trading, Betting

By KRISTEN HAYS, AP Business WriterFri Feb 10, 4:16 PM ET

Long before Enron Corp. drowned in scandal, its former chiefs Kenneth Lay and Jeffrey Skilling trumpeted the company's savvy in creating trading markets beyond energy. Now it turns out they are the subjects of futures contracts that allow investors to wager on whether they will be convicted of fraud and conspiracy charges.

Intrade, a futures market based in Dublin, Ireland, creates trading vehicles based on everything from which film will win best picture at the Academy Awards to whether bird flu will be discovered in the United States before March 31. It recently added contracts on whether jurors will convict Lay of at least four charges and whether they will find Skilling guilty on at least 16 counts.

...On Friday, when court was not in session, the trading at Intrade showed a more than 60 percent chance that Lay would be convicted of at least four of the seven counts of fraud and conspiracy against him. For Skilling, trading showed about a 75 percent chance he would be convicted on more than half the 31 counts of fraud, conspiracy, insider trading and lying to auditors pending against him.
Numbers is hard.

Retired in 2005 at age 58, no pension

REWahoo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Diversification Sweet Spot Rich_by_the_Bay FIRE and Money 78 11-18-2006 02:14 PM
Global vs local diversification donheff FIRE and Money 2 04-28-2006 05:10 AM
Superbowl RE investment opportunity acg FIRE and Money 2 11-15-2005 12:34 PM
Superbowl investment opportunity acg Young Dreamers 4 11-10-2005 09:04 PM
Painful Diversification yakers FIRE and Money 20 08-23-2005 10:58 AM


All times are GMT -6. The time now is 05:34 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.