Trust is gone.
Never to return in your lifetime.
The world is not going back to normal after the magnitude of what they have done.
February 27, 2009
Here's the NASDAQ. Now tell your kids why they should invest in the stock market when they grow up.
Trust is gone.
Never to return in your lifetime.
The world is not going back to normal after the magnitude of what they have done.
Subscribe to:
Post Comments (Atom)
Posts
28 comments:
Keith - isn't Obama facilitating this crash so that he can spend more money? Why did he use the word 'crisis' 25 times in one speech?
http://tinyurl.com/coxf8y
Time to buy silver -lots and lots of silver.
Get it now while you can!
www.silverseek.com
Buy Oil - DXO, USO, DBO, USL, DBE, OIL,
Short Treasuries - TBT, RRPIX
Sit back and watch the show!
Be Safe.
F*ck Mike Norman - scum.
I have about $70K left in my 401K down about $30K. Should I just take it all out now with the penalties and fed/state taxes or just say f'it? I have no debt. I rent. But I'm pissed that I'm held hostage here with withdrawal penalties. Damn you Fidelity Magellan!
Funny, if you follow that curve, say 1975 to 1995,then ignore the phony peaks caused by the dot com/housing fiascos, and carry it to the current end, it looks like it's almost where it should be today.
you should play the stock market game b/c of the Fed's inflationary monetary policy. that's the ONLY reason why.
why you should not play the stock market game has a much longer list of reasons however.
Funny, most folks always buy when the market is high. This creates a much greater change of loosing money BUT it feels good right?
Business my friends has NO feelings, it's the real reality show.
It's like when I have money I have lots of friend. When the money is gone I am to be avoided.
So what is the Stock market to most folks? A casino royal!
In my view kids save your money with your local savings and loan. DO NEVER EVER borrow for consumer items. Pay cash or do without (it’s amazing how very little we REALY need and how little it REALY costs).
Now, if your DNA tells you that you should invest or start a business begin a self and structured study of business, investing and the history of money and soul search until you are blue in the face and beyond.
This may take a few years but your chances to succeed, build confidence and finances will be in great shape to make your goal a success.
All others for whom their DNA calls for peace of mind. Save you money and find a great job with the above.
Question? Do you think folks with REAL peace of mind (especially today) with or without a lot of money are viewed as being successful?
Good Luck!
I've been saying most stocks are worthless as long term investments for a while now. A stock should be judged by its potential future dividends vs. the investment price. Capital appreciation is mostly nonsense. If something pays crap (or as is popular today, not at all), why would someone pay more to own it than I did unless they were stupid?
Day traders are the ones who have the stock market right. It's a casino.
Thanks for the linear chart Keith.
Oh my!
If you average out that chart, you would be going up over a long enough period. That's why they say to buy a little every month. That way, you buy some when it's cheap and you buy some when it's expensive. If you average it all out, you will maintain your purchasing power and collect some dividends as well, which is generally better than holding cash over a long enough period of time.
right, so where will the money go? likely not real-estate, thats what we should all be trying to figure out......ideas? mine is commidities specifically agriculture
I have about $70K left in my 401K down about $30K. Should I just take it all out now with the penalties and fed/state taxes or just say f'it?
In a similar situation, I've decided to wait until things calm down and move about 70% of it back into the S&P index. If we're not headed for economic collapse, the companies that are remaining should become very profitable vs. the share price I paid because of the effects of inflation on their dividends. If we are heading for complete economic collapse, it hardly matters what you do with your money: it's probably going to be worthless. Good luck!
Only suckers sell into the face of fear.We will come out of this folks.This is where people get rich.I have not lost a dime.On paper things don't look too rosy but I can make it through this.If you can cash flow on a home buy it now.Too many people were over leveraged in the stock market.They have to sell at any price.Do not be schooled by these tools.
"Anonymous said...
I have about $70K left in my 401K down about $30K. Should I just take it all out now with the penalties and fed/state taxes or just say f'it? I have no debt. I rent. But I'm pissed that I'm held hostage here with withdrawal penalties. Damn you Fidelity Magellan!
February 27, 2009 9:27 AM"
You should take all your money and buy houses. Do it today. Remember
1. Houses only go UP
2. Buy NOW or be priced out forever.
3. THey are not making any more land.
4. I already have a full price offer on everything so bid more than asking or you will never own a home.
Hurry, Hurry Hurry.
--BUY A HOUSE TODAY--
My name is Lawrence I so so solly to applove dis message. One order peking fucked duck pweese..
You should have been out of Fidelity Magellan ten years ago.
I dunno. The market realy realy realy wants to go up these days. Horrible GDP news and the darn thing is starting to rally! Where is the Nikkei-like behavior? I want Nikkei-like behavior (so I can buy in at -80% !)
"I have about $70K left in my 401K down about $30K. Should I just take it all out now with the penalties and fed/state taxes or just say f'it?"
Yes. Take it all out now.
Regards,
Complete stranger on the internet.
"Pay cash or do without (it’s amazing how very little we REALY need and how little it REALY costs)."
It is so hard taking people seriously that don't know how to spell really.
I mean really.
This country is a joke.
"The market realy realy realy wants to go up these days."
You too Peter.
We just need to start over.
Really.
Another "crash" is definitely coming... some say as early as next week.
6000
then
4000
some say even...
2800!
Funny, if you follow that curve, say 1975 to 1995,then ignore the phony peaks caused by the dot com/housing fiascos, and carry it to the current end, it looks like it's almost where it should be today.
That's right, isn't it?
So the guy that said "buy AAPL at $180, the correction is over", like, a year ago, is now saying "stay away, stay away"???
Thanks for the BUY SIGNAL!!!
But seriously, there's hundreds of BILLIONS of cash dollars on the sidelines, WAITING for stocks to be a better gain potential than, say, treasuries, corporate bonds, or cash. Why do you think the dollar has rallied so well even though our economy has headed lower and the government is trying to inflate it to lower our massive debt? PEOPLE HAVE BEEN BUYING DOLLARS.
Interest rates are about as low as they are going to go. Treasuries? Pretty much topped out.
And by the way, credit is thawing--LIBOR and TED spread are coming down toward normal levels.
Once the big money decided the tide is turning, it's going to be "EVERYONE BACK IN THE POOL!" and no one will want to be late for it.
So here's a list of what's going to go up in value, perhaps A LOT:
Stocks.
Commodities.
Interest rates.
Inflation measures.
And here's a list of whats going to go down:
Treasury values.
Bond values.
U.S. dollar.
Only thing is--maybe not quite yet, and maybe not quite from these levels. Maybe it will happen from Dow 6000, in November.
But when it does---DON'T BE LATE! The 3 days after the first Fed RATE INCREASE will be the very LAST moment you'll want to have ANY money on the sidelines--and you SHOULD have already put MOST of it back in.
(Full disclosure: I got almost all of my money out of stocks by the day after the first Fed rate CUT, Sep 2007, so >80% of my net worth is in cash and some gold/silver. My net worth went UP in 2007, 2008, and YTD. I've recovered all of the hit I took in transaction costs selling a condo in May 2007. I had thousands in capital gains is 2008, and thousands so far in 2009.)
we all knew the stock market is just a ponzi scheme that was destine to collapse once the boomers started withdrawing from their 401ks to fund their retirement or to transition to less risky investments to preserve what they had.
at that point there would be more sellers than buyers, headcount-wise
My kids will benefit from the financial mistakes I made along the way which almost entirely involved the stock market. I wish my parents knew enough to warn me of the perils, but they worked at at time when company pensions took care of retirement.
Fortunately, although I got schooled and lost big, I have not repeated the same mistakes (i.e. listening to dumbass financial advisors and not doing my own homework/taking appropriate action).
In this new economy, my motto is if you can't touch it, you don't own it. Advice my grandpa give me years ago which I will impart on my kids.
My AAPL is at $135, so down pretty good. But if you remember that post, I said only investing $$ that was for 2013 and after, and didn't need.
That said, wish I had sat it out totally. Cash indeed was and is king.
Until it isn't.
Anyone buying? Does anyone have anything left to sell?
I'm eating popcorn. Waiting... waiting... waiting...
This market is going to rally, or it's going to crash. And I have no idea. If I had to bet right now, I'd bet on crash. But I'm not betting.
In the end, it's one big casino that should warrant zero trust or respect.
People should've learned from the 2000 crash that 401ks will go down fast. That's why I took my money out into a cash account in my IRA, after rolling it out of my 401k. This was back in late 2007.
Here's the number for the SEC
Go off with both barrels.
Hey, have a bit of fun during this debacle. You can tell your kids you did something
202-551-5777
"I have about $70K left in my 401K down about $30K. Should I just take it all out now with the penalties and fed/state taxes or just say f'it?"
Take it out to spend all in whores, booze, and blow.
PS: I know some people.
My AAPL is at $135, so down pretty good. But if you remember that post, I said only investing $$ that was for 2013 and after, and didn't need.
Pretty good?
Hmmm..why buy AAPL @ 135 if you know that there's a major depression coming up and the main guy has cancer. Many of us told you to not do it. Oh and one more thing *does Inspector Columbo*, why hold money without earning anything until 2013, while you could buy corp bonds earning 8%? Hell, my Credit Union is paying 5% on savings.
You're very nice young man, but you suck as investor and voter.
Post a Comment