Posted on 05/27/2011 9:11:49 AM PDT by LouAvul
I just closed out my (Merril Lynch) stock portfolio. In the past ten years I earned a whopping .9% annually.
So, I closed it. Now, if my calculation are correct, stocks are going to go through the roof. Like, when I sold my silver just before silver skyrocketed. When I washed my car and then it rained, etc.
stocks may go up short term(but i doubt it)as obamanation tries to manipulate us into believing we are in a recovery.....
your gonna be rich when you buy back in at the bottom....
You are correct. Certain market segments are about to rocket.
It’s not the market that’s the problem, it’s who you’re listening to about what to buy. I opened an account last August (when I got a job that pays better) and I’m up 12% in less than a year.
I recommend the Motley Fool (www.fool.com).
I fear getting back in now because I think we are headed for another big drop (but, obviously, I'm not good at guessing these things).
If the S&P drops back to 700 or below, I can get back in.
SPX (index of 500 largest capitalization US outfits) was at 666 in March 2009. Now it is north of 1300. Time to buy was in early 2009. Returns on your money at current prices will not be great. I unloaded all stocks and now waiting to see if QE3 rears up its ugly head. Only then I will take another swipe at stocks.
No. I refuse to load up on stocks. That is just what this teetering market is waiting for — for me to get in with both feet so it can fall 5000 points on the Dow.
Sorry, been there.
And silver was at 9, peaked a 49.80 this April and is back up to 38 from a low of 33. I'll stick with PM's thanks.
Also, if you don't HOLD it, you don't OWN it.
If the USA can steal from federal pensioners [stealing retirement funds to pay for gov operations ... ongoing; look it up] and from dictators in broad daylight (various ME rulers with investments in the Western banking system), they will steal from you without a second thought.
Paper is paper is freaking paper.
Schlepprock is about as obscure as Fred and the rest of the Water Buffaloes heading off to the bowling alley. There’s a place I know where the hipsters go called Bedrock, twist, twist...
Why not hire a professional? My broker has done an amazing job and I’ve always been profitable, some years better then others, but always up.
I’ve had him for years and he was a referral from a relative who used him for years before I met him.
In a bull market, everyone thinks they are a genius, but it’s the bear markets and the flat markets that prove who really knows what they are doing.
I heard a saying once, if you think a professional’s expensive, wait till you hire an amateur.
Good luck.
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