Stocks Hit All Time Highs After Russia Announces It Has "No Plans Of Military Incursion Into Ukraine"
Posted on 08/21/2014 2:28:12 PM PDT by SeekAndFind
If you kept your money in the stock market this summer, you're likely feeling pretty smart now.
The start of August was rough for stocks as the Russia-Ukraine standoff, the Israel-Gaza conflict and terrorist group activity in Iraq all flared again. While serious problems remain in each of these regions, their impact on the U.S. economy so far has been limited.
A stock market bounce back is in full effect. On Thursday, the Dow closed above the 17,000 mark for the first time since July 24.
Not to be outdone, the S&P 500 set a new all-time high of just over 1,992. It's the 28th record close this year for the popular index of U.S. stocks.
Many Americans invest in funds and ETFs that mimic the investments of the S&P 500 Index.
(Excerpt) Read more at money.cnn.com ...
The casino parking lot is full. Good time are here again!
Woo Hoooo!!! HaPPy Days are here again!!
Bubble, bubble, bubble. Soetoro keeps the printing presses running on time.
What goes up, must come down.
Say... you wouldn’t happen to know WHEN it is going to crash... would you?
I know it will eventually, but danged if I know *when*, and that there’s a key piece of information.
"What goes up, ;-), that's what I said when the market first topped 10K.
I wish I knew when. Obviously I am out of sync, sitting on the sidelines all these months.
Some fellow traders' strategy is to ride the coattails of the institutional investors, learn one stock, every quirk about it, how the market makers behave, learn it totally and then just day trade that stock. I can't tell what the market makers are doing behind the curtain but it's nice to be out by the closing so you don't get in an overnight gap down.
To really make a lot of money day trading you have to put a lot in it. I was shocked at myself when I did a 21K trade in one stock. Luckily I made a little but not enough for the risk.
I guess you can get rich betting the indexes. Bob Brinker likes the Vanguard total market index but I don't think I can get that one through Scottrade.
When it was down the MSM said “Meh, it’s only a number” but when it goes up it’s confetti and champagne time.
I guess you can get rich betting the indexes. Bob Brinker likes the Vanguard total market index but I don’t think I can get that one through Scottrade.
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I highly recommend the Bogleheads - http://www.bogleheads.org/. They follow the principles of John Bogle and promote the idea of owning only a few low expense index funds, rebalancing periodically. They have an excellent wiki and a very active forum with extremely knowledgeable posters.
While many of the forum posters invest with Vanguard, the wiki has an article about using the Vanguard style of investing at Scottrade with funds available through Scottrade (http://www.bogleheads.org/wiki/Scottrade). Take a look. Instead of Vanguard’s Total Stock Market Index Fund (VTSMX) they suggest TIAA-CREF’s Equity Index Fund Retail Class (TINRX). It does have a higher expense fee, but it’s still pretty low.
By the way, I am a huge proponent of investing in stock. Yes, the market goes up and down. It will continue to do that and there’s no way I can predict when it will drop. However, I believe in American business and the fact that American businesses will find a way to make a profit. So I invest in American business. That has worked out VERY well for me.
If you would like some specific advice on how to use Scottrade’s mutual fund screener, PM me.
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