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| Tweet Topic Started: Nov 15 2010, 06:05 PM (3,339 Views) | |
| Ryan | Nov 18 2010, 10:05 AM Post #46 |
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Ryan
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collapsing and gambling with retirement. An economics course titled "Money and Banking" is a good class. So is "Uncertainty in Risk". |
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| metroschultz | Nov 18 2010, 01:19 PM Post #47 |
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Please just call me; "Schultz"
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I've owned and gotten rid of so many Barret Auction cars it make me sick to think about it. I should be a multimillionaire now. Maybe I will start a thread on cars I've owned. |
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| Memphis metro | Aug 15 2011, 10:06 PM Post #48 |
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| udgqwe424 | Oct 2 2011, 08:51 AM Post #49 |
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Fresh Fish
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Many people want to start investing in the stock market but have no idea how to start investing in the stock market. They fear they will lose tons of money while learning how the stock market works. Smart investing in the stock market is an acquired skill, not something you are naturally gifted with. In other words, smart investing in the stock market can be learned. Even if you are poor with math, even if you don't understand anything about how businesses work, and you didn't do well in Economics class in high school, you can learn the art of smart investing in the stock market, and become very successful over time.
Edited by udgqwe424, Oct 2 2011, 08:54 AM.
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| billy508 | Oct 2 2011, 09:04 AM Post #50 |
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billy508
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Good deal!!!! I will send you 5 bucks and you can make me rich. Thanks I had no idea it was that simple.
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| dayle1960 | Oct 2 2011, 09:06 AM Post #51 |
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Fastest Hampster EVER
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William J. O'neil's book "How to make money in stocks" is the best stock market book out there. O'neil will not tell you which stocks to buy. He will show you when is the proper time to purchase stocks and explains how to know if the market is in an up or down trend. It's a good read with lots of charts to help you understand the reason to purchase stocks. |
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| Johnny Mullet | Oct 2 2011, 09:43 AM Post #52 |
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Fear the Mullet
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My retirement is in the stock market. It has it's ups and downs, but I am in it for the long haul and forget about it. |
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| Memphis metro | Oct 2 2011, 10:13 AM Post #53 |
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Practically everyones retirement is tied to the stock market in some way or another. When the bubble busted that was not realisitic a few years ago those who retired at that time had to go back to work because their money was lost. There is money in the stock market to be made but one must be careful and wise. Stay away from (day trading) Several trades of the same stock in a days time! The stock market is so fickle, someone over seas can fart one time and stock prices start tumbling! It usually drops 4 dollars fast but to make up 4 dollars takes forever! |
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| starscream5000 | Oct 2 2011, 10:14 AM Post #54 |
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Got 70 MPG?
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Same here Johnny. 75% of my 401K contributions goes towards my company's stock. It's low right now, but it's good for me in the sense that I take 7% of my paycheck each time and put it in there. That ends up being about $1000 a month just from myself. My company also matches my contributions up to 4%, so it's actually closer to $1400 a month. I've lost probably over $10,000 this year in company stock, but everyhimg is down and there's nothing you can do about it but hang in there until it passes. Good thing about this though is that since my company stock price is low right now I'm actually purchasing a lot more shares each time right now than what i was when it was up higher. |
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| dayle1960 | Oct 2 2011, 10:40 AM Post #55 |
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Fastest Hampster EVER
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My brother's father-in-law is a dentist. He is about 80 years old. He had 100% of his retirement invested in a company called ENRON. Guess what he's doing at 80 years of age now? He is still filling cavities for 12 year olds. You have to have a knowledge of where and when to move your money into a safe place. Right now with the way the Asian and European stock markets are dropping, it would be wise to move your 401K's into bonds. If your company/retirement planner has that option it would be safe until the next upturn in the market. Learn, don't just put your head in the sand and expect all to be well in a few years. By that time you might have ridden your 401K down to $0.00 and wouldn't have even know why it got there. Learn, baby, learn. Edited by dayle1960, Oct 2 2011, 10:40 AM.
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| poorman1 | Oct 2 2011, 11:25 AM Post #56 |
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Edited by poorman1, Oct 2 2011, 03:11 PM.
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| Memphis metro | Oct 4 2011, 09:27 PM Post #57 |
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The market saw a nice last minute rally today.
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| dayle1960 | Oct 5 2011, 06:13 AM Post #58 |
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Fastest Hampster EVER
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Whoopie, what a momentum change for the day. Look at a six month chart of the Dow and then you will see that the overall market is falling. I relie upon the Hang Seng, (>HSI), the China stock market, to see what America is in store for the day. If the HSI is down 500 points then the Dow will be down 100. Even if we have a 150 point jump going into the close of the market, ask yourself "Why did that happen?" There is NO GOOD NEWS happening in the world to cause that upturn to be a rally. The market will continue to fall until political things in America become settled. (Don't get into a political discussion here, but we know that the gov't has the ability to alter the stock market on a whim.) |
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| Memphis metro | Oct 5 2011, 06:38 AM Post #59 |
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I never said the world ecomomy is doing great. I said there was a nice rally at the last moment. People can and do make money in the stock market no matter what the world news is. In that mindset, what was the good news of the 90s that drove the market to unrealistic numbers? It made a correction and came crashing down. Even though the numbers were unrealistic people made money then also. The market changes and thus the invester must also. My answer to the above question, There was not any good news then. I like to call it the techgreedbubble. People was jumping on the tech train. Tech was gonna save us and make everyone rich. Well it did make some rich, the smart investors or the lucky ones. Not only did it make some rich but it also caused many retirees not to be able to retire and made poor people out of those that had a little money. A smart investor would have been able to look at the stock market chart since the crash of 1929 and see when the chart started making a steep unrealistic move upward after many many years in the 90s and known this is not realistic. It will correct itself and correct it did! But the process of smart investors hasnt changed, they continue to keep on making money. |
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| JamesGarfield | Oct 25 2011, 11:19 PM Post #60 |
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Member
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I have mixed feelings about the stock market. In general it is all a form of gambling -- you're taking a chance that your investments will increase. Therefore if you're going to invest, you should start with an amount of $$ that you could afford to potentially lose. That being said, as many here have described, it's very possible to come out with some profit. You can do your homework, study the P/E scores of different companies, and make informed decisions about where to put some money. Or you could just hand a sum to a mutual fund and let their managers hopefully make good choices. I personally use the mutual fund method, salt a little away for the long term and don't think of it day to day. I find interfacing with brokers and the whole stock market thing to be generally distasteful -- not only because of the basic concept of someone else determining what your investements are worth -- but also because I lost my grandfather to the market back in '29. He was the president of a small town bank in Nocona TX. After the crash he became pretty much labeled as a criminal overnight by the town citizens, who felt he was personally responsible for the crash. There was no FDIC back then to protect the banks, and no CNN then to show how it was happening all over. He found his relief at the end of a rope. Edited by JamesGarfield, Oct 25 2011, 11:22 PM.
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2:19 PM Jul 11