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Good time to get into the market!!

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Good time to get into the market!!

Old 05-20-2010, 06:44 AM
  #1  
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Default Good time to get into the market!!

Bargains all around! Let your money work for you.

PIR and DRN $$$$$$$$$
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Old 05-20-2010, 07:52 AM
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Just sold some coporate bonds this week and put it into equities. Lot's of good buys.
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Old 05-20-2010, 09:43 AM
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No thanks....I think I'll take a rain check.
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Old 05-20-2010, 10:10 AM
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I think the world economy is going to tank!
I'm stockpiling food and ammo.
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Old 05-20-2010, 10:25 AM
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Dow is going to drop like a stone when gas prices start rising. What is happening in Europe is only a blip on the screen compared what we are in for this summer. 3000 - 4000 drop? The euro is dead. We can only run the printing presses making more worthless dollars for so long... Going to get ugly. I hope I am wrong, its happened before. I'll stick to safe stuff for now...
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Old 05-20-2010, 01:39 PM
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Call me chicken, but I'm all cash as of this morning. Wish I'd had the foresight to do it last week...
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Old 05-20-2010, 02:13 PM
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Originally Posted by bamaboy473 View Post
Call me chicken, but I'm all cash as of this morning. Wish I'd had the foresight to do it last week...
Join the club. Only remaining non-cash holding is wifey's profit sharing acct..
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Old 05-20-2010, 04:12 PM
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I have been out and would maybe consider reentry at 8300 the only support level I can see. There are selective buys now but I am out of the individual stock picking business forever. That is for you youngins that have the overpaid desk jobs (like I did also by the way) and can watch stocks all day and get in and out quick. Have fun.
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Old 05-20-2010, 05:58 PM
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Originally Posted by bamaboy473 View Post
Call me chicken, but I'm all cash as of this morning. Wish I'd had the foresight to do it last week...


Best place to be right now until this all shakes out.....
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Old 05-20-2010, 05:59 PM
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I went almost all cash last week. I foresee a blood bath for the rest of the year.
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Old 05-20-2010, 08:29 PM
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I feel so fortunate that my 401k is directable. Many others have to live with this incredible erosion of their savings. That said be very cautious about this market. There are a couple more shoes to drop and the uncertainty of this all the exisiting issues have not been resolved,

Way too much on the plate right now. I was out on 5/5 and have only seen negatives every day except one since.
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Old 05-20-2010, 09:25 PM
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A little courage, gents, it's all on paper. I haven't lost a real dime in any 'correction' in the last 30 years and I didn't move a thing. Oh, and the average annual gain for those 30 years? 14.5% ...
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Old 05-20-2010, 09:52 PM
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Convert some cash to gold and silver. If things were to really tank, paper money will be worthless.
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Old 05-21-2010, 04:34 AM
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Originally Posted by Curmudgeon View Post
A little courage, gents, it's all on paper. I haven't lost a real dime in any 'correction' in the last 30 years and I didn't move a thing. Oh, and the average annual gain for those 30 years? 14.5% ...
If you have that kind of average over 30 years, tell us all what your holdings consist of; I'll pay for that kind of information.

Looks like you're about to start the morning down about another 2%.
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Old 05-21-2010, 06:21 AM
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Originally Posted by bamaboy473 View Post
If you have that kind of average over 30 years, tell us all what your holdings consist of; I'll pay for that kind of information.

Looks like you're about to start the morning down about another 2%.
Originally Posted by Curmudgeon View Post
A little courage, gents, it's all on paper. I haven't lost a real dime in any 'correction' in the last 30 years and I didn't move a thing. Oh, and the average annual gain for those 30 years? 14.5% ...
Data is a funny thing. It can be skewed many ways. For example, there is Internal Rate of Return and Time-Weighted Rate of Return. There are also possible interim cash flows during the period that may or may not be taken into account.

I have access to a wealth of return information based on various asset classes. A well-diversified portfolio, 60% in equities and 40% in fixed income, has had an annualized return of 11.7% beginning January 1, 1980 through December 31, 2009. That is 30 years. The allocation of equities is roughly 70% US and 30% overseas, and diversified among large, small, value and blend. The fixed income is primarily short term, high quality. This is based on asset class returns, not including any fees or taxes. For a 100% Equity protfolio with the same characteristics, the annualized return was 13.7. The backup for these figures is quite voluminous but does exist. I have the data for these balanced portfolios going back to 1973.

30 years is a long time to maintain a fixed allocation such as this. For various reasons, most investors will not have returns like this. Some reasons are obvious, selling when it looks ugly and buying in good times. These figures a lump sum starting at the beginning of 1980 with no changes, other than rebalancing on a monthly basis. This is also critical because it keeps the portfolio in balance.

The past ten years has not been good for the headline indexes such as the Dow Industrials or the S&P500. Small caps and International including Emerging Markets have done better.
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Old 05-21-2010, 07:07 AM
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Looks like a good run today.


PIR could be BIG today!
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Old 05-21-2010, 07:15 AM
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So should I cash out my traditional IRA and take a hit on the taxes?
What about a ROTH?
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Old 05-21-2010, 07:36 AM
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Originally Posted by Ray Zor View Post
So should I cash out my traditional IRA and take a hit on the taxes?
What about a ROTH?

No you just need to put the roth and IRA in an online broker like Firstrade. There are no tax implications if you put them in qualified plans. Thats who I use. Then you can invest in stocks or mutual funds whichever you prefer.

I was tired of seeing my retirement sit in boring mutuals which gained nothing. I picked a few bluechip stocks with good fundementals and dividends and put my money there.
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Old 05-21-2010, 01:04 PM
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Did anyone actually enter a trade on the long side yesterday or this morning?
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Old 05-21-2010, 01:13 PM
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Originally Posted by mobjack22 View Post
Convert some cash to gold and silver. If things were to really tank, paper money will be worthless.
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.
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