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re: Billionaires predicting financial ruin in U.S.?
Posted on 2/17/13 at 7:06 am to kingbob
Posted on 2/17/13 at 7:06 am to kingbob
quote:
the stock market seems very risky right now unless you have insider knowledge
I'm up about 10% over the last 4 or 5 months. At one point I was up 15% but had bad timing on an investment. If I held on I'd be up about 40%. Sold too early.
Is the stock market risky? Sure. But to say that RIGHT NOW it's somehow more riskier than usual seems silly at best.
There are safe plays to be had in this market.
1
Posted on 2/17/13 at 11:14 pm to Powerman
I've speculated on it in the past. I've taken imaginary dollars and mock invested them in a number of companies and used what I thought at the time were sound reasoning. I picked companies that were doing well with better prospects on the horizon. Every time I did this, regardless of how well those companies performed during the period, no matter what the performance of that company was, no matter what seemed to happen, the value of those companies' stock always lost in the end.
Posted on 2/17/13 at 11:50 pm to kingbob
Unless you are playing with real money, you are just pure guessing.
Care to name some of the companies you have followed?
We all have losers - the banks stocks in particular for me -- Regions, BAC, Citi. Trustmark has come back to even.
Care to name some of the companies you have followed?
We all have losers - the banks stocks in particular for me -- Regions, BAC, Citi. Trustmark has come back to even.
Posted on 2/17/13 at 11:53 pm to matthew25
I remember at one time fake investing in:
Halliburton
Wal-Mart
Exxon
Toyota
Bank of America
Dow
Microsoft
This was about a year before the crash. I can't imagine how much I would lose if I tried to invest now. I'd hope I could do better. In 2 months, my portfolio lost 20% of it's value.
Halliburton
Wal-Mart
Exxon
Toyota
Bank of America
Dow
Microsoft
This was about a year before the crash. I can't imagine how much I would lose if I tried to invest now. I'd hope I could do better. In 2 months, my portfolio lost 20% of it's value.
Posted on 2/18/13 at 5:45 am to kingbob
quote:
This was about a year before the crash. I can't imagine how much I would lose if I tried to invest now. I'd hope I could do better. In 2 months, my portfolio lost 20% of it's value.
This is why you don't invest for only 2 months. If you can't be disciplined enough to leave your money alone for 5 years or more, you shouldn't be investing, period.
The only people that lost money in the "Crash" are the people who sold, they got off the roller coaster on the way down, and got killed.
Posted on 2/18/13 at 8:19 am to kingbob
quote:
This was about a year before the crash
Assuming Oct of 07, you probably would be about even if you had held. BAC would be the only real killer. But Wal-mart is up pretty big over that time period
Posted on 2/18/13 at 8:22 am to Vols&Shaft83
quote:
They can't all be right, but they can all sell, apparently.
One of my favorite quotes from Steve Forbes as he recounts his father/grandfather's dying words...
"Son, it is far more profitable to give advice than it is to take it.."
Posted on 2/18/13 at 9:51 am to kingbob
quote:
I've speculated on it in the past. I've taken imaginary dollars and mock invested them in a number of companies and used what I thought at the time were sound reasoning. I picked companies that were doing well with better prospects on the horizon. Every time I did this, regardless of how well those companies performed during the period, no matter what the performance of that company was, no matter what seemed to happen, the value of those companies' stock always lost in the end.
So what you're saying is that you're just really really really fricking terrible at playing the stock market.
GTFO of here with that shite
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