Buy Buy Buy...

Yurt said:
given he used only his expendable cash....he will come out ahead. once everyone calms down and realizes this is not end of the world crisis they think it is....the market will rebound. of course that depends on what stocks or funds jarod put his money in. iirc....he claims to have won some multimillion dollar lawsuit, and if the fees are what i think...jarod is a multi millionaire and can weather this, regardless of outcome.
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Of course it will rebound. But you buy at the bottom (if you can). Cant see the bottom yet. We are down another 1500 points this morning. The downward spiral is speeding up.
 
Lowaicue said:
Of course it will rebound. But you buy at the bottom (if you can). Cant see the bottom yet. We are down another 1500 points this morning. The downward spiral is speeding up.
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Almost noone can hit the exact bottom or the exact top.... We are low now and will go higher later, when that happens Ill sell. Buy when people are panicking and sell when people are comfortable.
 
Damocles said:
On a positive note, if you followed my advice in 2000 to 2009 or so, your gold purchases are doing nicely for you today. :D
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I sold all of my gold in 2008 after Obammy was turned loose to wreck the economy. Damn unemployment didn't pay jack.
 
The gold was a smart move, but I have friends that are buying it today, I belive that is a mistake.
 
Jarod said:
The gold was a smart move, but I have friends that are buying it today, I belive that is a mistake.
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I'd buy silver now. At 40 an ounce it is a bargain. However, I buy collector coins, they are more expensive.
 
Gold will prob go up and over 2,000. Look at how much it has gained in the last 31 months.

Buy now and sell it after the 2012 elections. Just maybe we will be able to elect someone who knows what the hell they are doing and the markets wont be so over inflated after 2012.
 
Damocles said:
Bummer. You should have kept much of it.
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I know, but I had to pay the bills along with pay for my kids college tuition. I sold all of my silver then also.

hold on a minute while I beat my head against the wall. lol!
 
I sure could be wrong but I belive gold is close to its peak. Its way over valued. Silver is not.

Gold has been hyped by Rush Linberger and Glenn Beck for about a year now. The Fear machine works.
 
I like to bottom feed, buying gold now seems a bit nuts to me. Holding it though is smart... I still have all my APPL that I bought at $7 too... I hope to pay my kids' tuition with that.
 
Jarod said:
I sure could be wrong but I belive gold is close to its peak. Its way over valued. Silver is not.

Gold has been hyped by Rush Linberger and Glenn Beck for about a year now. The Fear machine works.
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I said the same thing 3 years ago. And And... Its up!
 
Jarod said:
Almost noone can hit the exact bottom or the exact top.... We are low now and will go higher later, when that happens Ill sell. Buy when people are panicking and sell when people are comfortable.
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Luck is the only way to hit the top or bottom. However, you don't try to catch the falling knife. You let it hit bottom and start back up before buying. Conversely when the market is going up, you don't say 'well, I am up 20% time to get out because it is high'. Instead, you chase the investment up with stops. Protect the gains. Having a sell discipline is far more important than a buying strategy. A good baseline is... once an investment is up 10%, protect 85% of your gains. As it increases beyond 10% you can tighten the stop as fits your comfort level. Conversely, if the stock goes down 10%, a good baseline is to sell. Yes, you take the loss, but you avoid the mentality of 'I'll wait until it comes back, then I'll sell'.... which is the mindset that tends to kill individual investors.
 
Jarod said:
I sure could be wrong but I belive gold is close to its peak. Its way over valued. Silver is not.

Gold has been hyped by Rush Linberger and Glenn Beck for about a year now. The Fear machine works.
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What a stupid hack statement.....
People all over the world are buying gold, Jughead....do you think they even know who the hell Beck and Rush are ???
 
I have a *hic* new investment strategy *hic*......it works like *hic* this....If I invested $1000 two years ago in Unitied Airlines stock *hic* it would be worth $44 now. If I had invested $1000 in AIG *hic* it would be worth $32 now *hic* and if I'd invested in $1000 in *hic* Lehman brothers it would be worth *hic* $0.00. However, *hic* if I bought $1000 in beer and *hic* sold all the cans for aluminum scrap *hic* I'd have $246 *hic*.

So that's what I'm gonna *hic* do.....drink heavily and recycle *hic*.......I call it my 401 Keg plan. *hic* :shots:
 
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