Drewhop Posted October 6, 2008 Report Share Posted October 6, 2008 I can't wait untill we have to hunt for food. I'm hunting people, they are easy prey. Costner predicted the future in "The Postman". Fuck Peta Quote Link to comment Share on other sites More sharing options...
LJ Posted October 6, 2008 Report Share Posted October 6, 2008 He's referring to money you will need soon (5 yrs). This kind of advise would be aimed, for example, at people very close to retirement. Conventional wisdom is that the closer you get to taking your money out of investments, the more conservative an allocation you would want (less stocks, more bonds/money market, etc) so as to have a more predictable return. Experts at the moment (he's not the only one) are just modifying the advice a bit, saying NO stocks if you're going to need that money soon. exactly... and Cramer is pretty good at his market analysis as a whole, in terms of stock picks, he is a major loser. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted October 6, 2008 Report Share Posted October 6, 2008 I'm not panicking. I haven't sold shit, and don't plan on it. I'm just giving ya shit But yanking money out of the market, will just further the decline. Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted October 6, 2008 Report Share Posted October 6, 2008 I can't wait untill we have to hunt for food. I'm hunting people, they are easy prey. Costner predicted the future in "The Postman". Reason I'm stocking up Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted October 6, 2008 Report Share Posted October 6, 2008 down markets are where millionaires are made. We are all young enough to be taking risks. Your buying high and selling low is how I make my money. Quote Link to comment Share on other sites More sharing options...
Akula Posted October 6, 2008 Report Share Posted October 6, 2008 buy low Quote Link to comment Share on other sites More sharing options...
LJ Posted October 6, 2008 Report Share Posted October 6, 2008 you don't even have to "buy" to make money right now Quote Link to comment Share on other sites More sharing options...
Casper Posted October 6, 2008 Author Report Share Posted October 6, 2008 you don't even have to "buy" to make money right now Quoted for truth. Quote Link to comment Share on other sites More sharing options...
LJ Posted October 6, 2008 Report Share Posted October 6, 2008 Quoted for truth. Well... i technically "bought" today, but I bought sells... if that makes sense... Make some good dough off of some ultrashorts... sold for +$8 on oil ultra short +$3.50 on Dow Jones ultra short Quote Link to comment Share on other sites More sharing options...
nurkvinny Posted October 6, 2008 Report Share Posted October 6, 2008 ...and rebounding. Some. Quote Link to comment Share on other sites More sharing options...
Sam1647545489 Posted October 6, 2008 Report Share Posted October 6, 2008 Not pulling 1$ out. It always seems that people that are able to make it through the hard times are the ones with the biggest rewards in the end. Quote Link to comment Share on other sites More sharing options...
Conesmasher Posted October 6, 2008 Report Share Posted October 6, 2008 When people are greedy be fearful....when people are fearful be greedy. All of my investments are long-term. Five year investments should NEVER be in the stock market. It's just silly if you do that. Quote Link to comment Share on other sites More sharing options...
Tractor Posted October 7, 2008 Report Share Posted October 7, 2008 I've made a nice little pile lately playing banks on all the political news. Got out of the short term stuff last thursday except I got a bunch of gold now that companies like Yamaha Gold (AUY) are below $7 per share. It'll be back up again soon and I'll cash out. Quote Link to comment Share on other sites More sharing options...
mmrmnhrm Posted October 7, 2008 Report Share Posted October 7, 2008 I've seen a couple of people say this, so to hopefully educate... The stock market and the economy as a whole are NOT directly linked. The "market" is a foward-looking mechanism in which people attempt to find a fair value for a company, based on aspects like recurring revenues, debt load, and physical assets, then mash all that up with some *guesses* about things like growth prospects and whether or not their R&D will pan out, to arrive at what you think a fair value for that company is. If the stock is below that price, you buy, and if it's above, you sell. Look at the bottom of every prospectus, and you'll see something to the effect of "Past performance is no guarantee of future returns." Quite simply, just because Company A has grown at 20% annually for the past fifty years, there's nothing to say they won't fall flat on their face next year. What we have now are a LOT of smart people changing their future growth/revenue/etc *guesses* negatively, and deciding that that particular stock is overpriced. This sudden glut of supply causes prices to drop, which then makes less reasoned people panic and sell because they don't really understand why they bought in the first place. Their purchase was based on myths like "Stocks always go up," or "My broker will tell me when to get out," and now they're afraid of losing everything, so they rush for the exits like rats off a sinking ship. I've seen a couple other people quote Buffett already (be greedy when others are fearful....), so I know there are at least a few people out there who at least have an idea what they're doing. They can probably ignore me. The rest of ya's, get to learning before you get back into the market. There's a lot of money to be made, yes, but for every winner, there's also a loser. You do not want to be that loser. Quote Link to comment Share on other sites More sharing options...
Akula Posted October 7, 2008 Report Share Posted October 7, 2008 He was on the today show this morning, he held his ground. He said if you have something that will need cash in 5 years, don't tie it up in long term investments. Quote Link to comment Share on other sites More sharing options...
jwest0011647545522 Posted October 8, 2008 Report Share Posted October 8, 2008 if everybody does start taking their money out the market will crash, but on there other hand what if it crashes any ways then u might let lose all your money anyways. Quote Link to comment Share on other sites More sharing options...
slow4now Posted October 8, 2008 Report Share Posted October 8, 2008 Listen to what Cramer says and then do the opposite. Quote Link to comment Share on other sites More sharing options...
thorne Posted October 8, 2008 Report Share Posted October 8, 2008 another 180 pts down Quote Link to comment Share on other sites More sharing options...
slow4now Posted October 8, 2008 Report Share Posted October 8, 2008 If you guys ever watch Jim Cramer, you'll know that he's never wrong. The guy is fucking nuts, but brilliant. Just some food for thought. You HAVE to be kidding. Quote Link to comment Share on other sites More sharing options...
LJ Posted October 8, 2008 Report Share Posted October 8, 2008 You HAVE to be kidding. So I Google searched for Cramer's historical returns, because I know they are bad (like -15% last year or some bullshit) and his is a notorious loser... and it came up with a Henry Blodget article talking about how bad Cramer is... ROFL... that's like one bum calling another bum a "poor son of a bitch" Quote Link to comment Share on other sites More sharing options...
Razorback Posted October 9, 2008 Report Share Posted October 9, 2008 Riding it out as well. Now is actually a great time to buy shares if you have the expendable cash. Quote Link to comment Share on other sites More sharing options...
FourString Posted October 9, 2008 Report Share Posted October 9, 2008 A buddy of mine just got me interested in trading on the market. He said right now is a good time to buy if I dont mind waiting it out. I plan to make my first buy this weekend. Quote Link to comment Share on other sites More sharing options...
Doug1647545489 Posted October 9, 2008 Report Share Posted October 9, 2008 If I wasn't saving for a house downpayment, I would be cost dollar averaging the shit out of my portfolio. Quote Link to comment Share on other sites More sharing options...
Dr. Apex Posted October 9, 2008 Report Share Posted October 9, 2008 Dow dropped almost 700 points today......Though there's no one specific place to blame the market but the banking industry has brought on a lot of this, but I guess that happens when you let an industry like this go on unregulated. Quote Link to comment Share on other sites More sharing options...
Tractor Posted October 10, 2008 Report Share Posted October 10, 2008 A buddy of mine just got me interested in trading on the market. He said right now is a good time to buy if I dont mind waiting it out. I plan to make my first buy this weekend. Yes now is a great time to buy. We might be heading for a total collapse, maybe not, but minimize your risk by getting into a nicely rated ETF mutual fund. Usually the better ones require a higher minimum starting price (such as $2500-10K.) Just don't buy into a load fund or annuity and you should see profits if you wait it out then sell when you've had a very up years. Also mutual funds can be sold after 180days of owner ship without penalty otherwise you get an early termination fee which can eat your profits easily. Hehe anyone notice the one thing thats up big in the last few months is the US Dollar? Quote Link to comment Share on other sites More sharing options...
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