Wednesday, December 10, 2008

Stock in Curry

These are tough financial times we're living in. Many banks have been bought up, including my bank, Chevy Chase, which just got bought by Capital One; stocks dropped at alarming rates and continue to show no signs of recovery. The housing market is in shambles. And unemployment is rising to points not seen in over 30 years.

And so too, is the J-Man seeing these problems at home. My stocks in my retirement and savings funds have dropped almost 40% this year. My savings account APY is down to like 1%. ING Direct isn't doing me much better. My house just got reappraised for 2% lower than what I paid for it 4 years ago (and I'm actually thankful it was only that). And at work, I had to lay off more guys than usual for fear that business may drop off next Spring.

So in times like these, where should we be putting our money? Stephen Curry. While all these other investments are dropping or barely gaining, the money in my account has increased by 1300% since March, mostly on the back of Davidson basketball and Steph Curry. And just yesterday, as Curry lead the Davidson Wildcats past WVU in the Jimmy V Classic in NYC, my "portfolio" increased over 9%. Why do the odds makers continue to undervalue this stock?

Davidson was ranked 22nd coming into the game, West Virginia was not ranked. Curry is the top scorer in the nation despite not scoring in the retarded defense game against Loyola (MD). And Davidson was a 2-point underdog?! The money line was paying +110, meaning for every $100 you bet, if Davidson wins, you win $110. Seemed like a no-brainer. Like asking an ugly chick if she wants to go home with you at 2 AM. Or asking your fat friend if he wants to grab McDonalds.

Now, don't get me wrong, I was cursing at the TV as Curry fired up brick after brick early on, but what any good investor will tell you is, don't look at a stock during the day, it's gonna go up and down. You're in it for the long haul. And the long haul ended with Davidson, and Curry, coming back, dazzling everyone with some clutch threes, and pulling out a 3-point win.

This is probably how those dirty people I see wandering around Atlantic City get started, but Curry hasn't let me down thusfar. Relax, I'm not gonna throw all my money into Davidson bets and end up like them. But for now, there's no better bet out there than Steph Curry. Man, that kid is good.

Next up, Chattanooga...I'm guessing we'll be 14 point favorites. I'll take that.

1 comment:

MichaelKruse said...