Buy Buy Buy - Printable Version
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Buy Buy Buy - Anhil8tor - 11-20-2008
Get in the market soon if you want to make some huge profit.
I think the market will bottom out around 7,200....
Buy Buy Buy - BIRD33 - 11-20-2008
You sound like my stock broker friends.What else are they going to say?
Buy Buy Buy - who - 11-20-2008
BIRD33 Wrote:You sound like my stock broker friends.What else are they going to say?
folks in the know always make money, no matter what the market as a whole is doing
Buy Buy Buy - BIRD33 - 11-20-2008
True but if the same guy who told me to buy 6 months ago is telling me to buy right now pardon me if I'm skeptical.
Buy Buy Buy - Anhil8tor - 11-20-2008
BIRD33 Wrote:True but if the same guy who told me to buy 6 months ago is telling me to buy right now pardon me if I'm skeptical.
get in now
Buy Buy Buy - BIRD33 - 11-20-2008
Thats what I'm hearing.What are you basing this off of?
Buy Buy Buy - Anhil8tor - 11-20-2008
BIRD33 Wrote:Thats what I'm hearing.What are you basing this off of?
Personal belief. The stock market can not bottom out to zero. I think 7K or so will be the break even point. That being said we were at 14K last October? See how fast it goes down? Watch when people start putting their money it...
Buy Buy Buy - BIRD33 - 11-20-2008
Anhil8tor Wrote:Personal belief. The stock market can not bottom out to zero. I think 7K or so will be the break even point. That being said we were at 14K last October? See how fast it goes down? Watch when people start putting their money it...
Personal belief isnt doing it for me.
I agree its going to come back but a lot of things need to be settled first.The auto bailout has some unforeseen consequences that make me nervous as to how the economy will react.I still don't think we've seen the impact of the lenders not giving out money yet.
Buy Buy Buy - Anhil8tor - 11-20-2008
BIRD33 Wrote:Personal belief isnt doing it for me.
I agree its going to come back but a lot of things need to be settled first.The auto bailout has some unforeseen consequences that make me nervous as to how the economy will react.I still don't think we've seen the impact of the lenders not giving out money yet.
Give it a week... if it gets to 7K get in.
Buy Buy Buy - BIRD33 - 11-20-2008
I'll think about it.A buddy is pestering me saying the same thing.
Buy Buy Buy - Anhil8tor - 11-20-2008
BIRD33 Wrote:I'll think about it.A buddy is pestering me saying the same thing.
At least put it in the money market so it'll be easily transferable to stocks at whichever time you decide to buy. Pick a few stocks yourself and get information on them from your broker.
Buy Buy Buy - Flumper Barflusterbutt - 11-20-2008
My experience is that "gut" feelings are almost always wrong when it comes to trading stocks. I would tell a person right now to take about $100 or $1000 or whatever you are comfortable with, and buy $1,000 each month, on the same day of some index fund.
Vanguard has a good index fund with cheap management costs.
I would say that the market has to turn around in the next 2 years. So, if you just buy the same amount of stock, each month for the next 2 years, then you will at least be in.
Fuck trying to predict the bottom.
Buy Buy Buy - BIRD33 - 11-20-2008
Anhil8tor Wrote:At least put it in the money market so it'll be easily transferable to stocks at whichever time you decide to buy. Pick a few stocks yourself and get information on them from your broker.
I'll probably do the money market fund.I invest in what my stock broker friend puts his personal money in.I'd be kidding myself if I tried to do research.
Buy Buy Buy - Dagger - 11-20-2008
Putnam also has some good funds.
I would not bet 7K will be the bottom.
If you recall, 8 also said we wouldn't see oil below $100 again. I'm not buying his advice.