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Good time to get into the market!!

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Good time to get into the market!!

Old 05-21-2010, 10:18 PM
  #21  
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While investing can get complicated, it shouldn't be rocket science for the average investor. The main ingredients are commitment and courage. Start by maxing 'free' money like 401 matches and Roth IRAs, don't be afraid of taxable investments, maintain a systematic investment program, be somewhat aggressive early on, dollar cost average by maintaining your investments each and every month in good times and bad, increase your investments beyond 'the plan' when the market is on a low ebb.

And most importantly - keep your damned hands off every last dollar. Even though my 'financial advisor' fee was only a percentage of total value (no incentive to churn), I lost most of $10K on a 'sure thing' I came up with myself. Didn't make that mistake again!

Day traders usually turn out to be poor traders, and you are in it for the long haul, anyway. Just as you've not made a dollar until you sell something, you have also not lost one.

As I got older, meaning retirement in sight, I started going somewhat more conservative. I'm now in 'moderate' funds with much more subdued gains (and losses), but the losses of the last couple of years are all on paper since I don't need it for daily living.

The main 'mule' was Fidelity Destiny I and II, and the two had earned over 20% since inception when I sold out (on an up market), even including a front end load. Although I only realized about 17% for the time I had it (18 years), the overall 14% is a result of the market declines this decade and less ability to increase investment amounts on the low sides. My only regret was being 'under employed' for several years when I should've been been best able to contribute the most money ...
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Old 05-21-2010, 11:51 PM
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-never let anyone else manage your money
-watch the market every day, especially a few companies that interest you, to learn patterns
-be patient; don't be in a hurry
-wait for the right opportunities to come along and buy in hard

most of all, don't take anyone else's advice...grin.
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Old 05-22-2010, 09:52 PM
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most of all, don't take anyone else's advice...grin.

No, most of all have a reliable backup plan for retirement.
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Old 05-23-2010, 06:41 AM
  #24  
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Originally Posted by gort View Post
If paper money tanks good luck with that gold and silver. You can't eat it or shoot it so we wouldn't be doing business as it's not something I would need.
Completely second that notion, after the hurrican left New Orleans and no banks where open did you see people paying for anything with gold???? Oh, thats right, all shops & stores where wiped clean by the looters!

According to Rush, gold has returned an investment percentage of 1% for the last 100 yrs.

Gold sucks has an investment!
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Old 05-23-2010, 07:20 AM
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Originally Posted by spraynet 1 View Post
Completely second that notion, after the hurrican left New Orleans and no banks where open did you see people paying for anything with gold???? Oh, thats right, all shops & stores where wiped clean by the looters!

According to Rush, gold has returned an investment percentage of 1% for the last 100 yrs.

Gold sucks has an investment!
x3

instead of buying gold just buy a gold ETF. Then your security is very liquid.
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Old 05-23-2010, 03:57 PM
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Originally Posted by spraynet 1 View Post
Completely second that notion, after the hurrican left New Orleans and no banks where open did you see people paying for anything with gold???? Oh, thats right, all shops & stores where wiped clean by the looters!

According to Rush, gold has returned an investment percentage of 1% for the last 100 yrs.

Gold sucks has an investment!
Rush is using an obscure currency based Official U.S. price of about $42, instead of the market price, which was $20.67 in 1910, and around $1200 today. Do you think Rush will sell you any of his gold at the official price?
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Old 05-23-2010, 05:00 PM
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I hope all of you do well in the market. I believe that the EU problems coupled with the mess in China will have a profound effect on world financial markets. I hope I am wrong but I am growing plenty of food and getting ready to go off the grid for my electricity.
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Old 05-23-2010, 09:21 PM
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Do you think Rush will sell you any of his gold at the official price?

Moot question, no one would buy at that price ...
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Old 05-23-2010, 10:17 PM
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Originally Posted by Curmudgeon View Post
Do you think Rush will sell you any of his gold at the official price?

Moot question, no one would buy at that price ...
The official U.S. price, the price at which the gold reserve is measured, has been $42.22/fine ounce since 1973. Are you saying that no one would buy gold at $42.22/ounce? I'll take all you can bring.
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Old 05-25-2010, 05:25 AM
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DOW futures down $210 this morning. I don't regret pulling most of my holdings out of the market a week ago.
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Old 05-25-2010, 06:14 AM
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Several years ago, the GAO auctioned a number of bags of Gold coins. I thought the price could only go up and I planned to buy 1000 oz. Went to the banker for an 80% loan and, after several calls to the home office... and my speaking to a senior VP, they turned down the loan. They didn't like the collateral.

The winning bid bought it at $399/oz.; that was about 5 years ago.
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Old 05-25-2010, 06:39 AM
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FTR is looking attractive, trading at lows and paying almost 13% dividends.
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Old 05-25-2010, 07:01 AM
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Originally Posted by jetboat69 View Post
I think the world economy is going to tank!
I'm stockpiling food and ammo.
.......................and toilet paper
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Old 05-25-2010, 07:51 AM
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Originally Posted by bamaboy473 View Post
FTR is looking attractive, trading at lows and paying almost 13% dividends.
What do you think is going to happen after this VZ wireline purchase deal?
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Old 05-25-2010, 09:13 AM
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Research says their mostly rural exposure is pretty darned stable as far as cash flow. I can accept a dividend cut to even half of current, but the share price won't suffer. The flip side is if the dividend stays the same, share price is going to go up.

Target price is $9...and that's about all I know.
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Old 05-25-2010, 09:27 AM
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Originally Posted by glacierbaze View Post
The official U.S. price, the price at which the gold reserve is measured, has been $42.22/fine ounce since 1973. Are you saying that no one would buy gold at $42.22/ounce? I'll take all you can bring.
If you want to buy gold because you think the currency is collapsing or the world is coming to end, that's fine but purely as an investment physical gold is notoriously one of the worst. In Dec '82, gold was about $475/oz market price. The next time it got that high was about 2005, 23 years later, so if you held gold for that 23 year period you have had "zero" market gain.

Now, at gold's historical highs of abt 1200/oz, you would have earned less than three times your investment since 1982. Can you think of another investment where you would be satisfied with this return in the last 28 years?
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Old 05-25-2010, 04:26 PM
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Originally Posted by JEVLACH View Post
If you want to buy gold because you think the currency is collapsing or the world is coming to end, that's fine but purely as an investment physical gold is notoriously one of the worst. In Dec '82, gold was about $475/oz market price. The next time it got that high was about 2005, 23 years later, so if you held gold for that 23 year period you have had "zero" market gain.

Now, at gold's historical highs of abt 1200/oz, you would have earned less than three times your investment since 1982. Can you think of another investment where you would be satisfied with this return in the last 28 years?

Hell if you account for inflation did your money actually grow?

What cost $475 in 1982 would cost $1042.13 in 2009.

http://www.westegg.com/inflation/
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Old 05-25-2010, 04:55 PM
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Personally I think it's a good time to invest in a nice boat. Hey, if there's a good chance your money is going to be worthless in a few years regardless, you might as well have some fun on the ride down
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Old 05-25-2010, 10:18 PM
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The official U.S. price, the price at which the gold reserve is measured,

And has very little, if anything, to do with what you, I, or Rush can buy or sell.

The world price is over a thou$and and we value our reserves at $44? No damn wonder we're almost broke ...
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Old 05-26-2010, 09:18 AM
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Originally Posted by Curmudgeon View Post
The official U.S. price, the price at which the gold reserve is measured,

And has very little, if anything, to do with what you, I, or Rush can buy or sell.

The world price is over a thou$and and we value our reserves at $44? No damn wonder we're almost broke ...
`But it does have something to do with how Rush came up with a figure of 1% a year for a hundred years, which is what my comment was about. Your follow-up was that no one would buy it at that price.
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