Prepare for one of the largest bursting bubbles ... EVER.
Posted on 12/04/2017 2:37:57 AM PST by SteveH
any recommendations?
20% return on my SP500 this year... there is a lot of pent up growth waiting to happen... 8 years of anti business policy, and a prior 8 years of low growth... still a long way to go before the next downturn IMHO.
Yeah, Ric Edelman. Isn’t he the guy that was promoting having a Big Fat Mortgage back in 2007?
Yuck, Netflix looks bad too, so cancelled that
Lol
“so far i am looking closely at two stocks: BCO (brinks) and GE (general electric).”
Over the last few weeks my broker has been sending multiple warnings (not recommendations) about the problems GE is going through. Not meeting numbers, reducing dividends etc.
Deutsche Bank rates it a SELL.
Don’t know about Brinks but I HIGHLY advise that you stay far away from GE.
You can invest in an index fund. Get a vanguard low fee one. Also Netflix and Amazon have done amazingly well, but I believe Amazon has more upside while Netflix may be maxed out.
I tried but could not place an order for fidelity low cap etf ijt, argh
Now there are 71 in the chat queue lol
5% return. Try and get that on a CD.
https://finance.yahoo.com/quote/T?ltr=1
Yea sure if your an individual stock buyer which most avg Joes aint as its a loosing proposition.
Better for them to go to the Casino.
The avg slob doesnt need more than 3 or 4 quality index funds to meet their needs.
As soon as one is suggested much more its time to move on because that “Broker” is lining their pockets with those fees.
I dunno, I started listening just couple of years ago.
“BCO (brinks) and GE (general electric).”
Good for you.
What do you think of GE cutting the dividend?
A wise investor would bring these 2 issues up and look at the institutional holders of them and find the no load vendors and go with that rather than go with single issues. Bet ya may see one or two of Vangurads balanced and or stock funds holding both,but hey what do I know?
Dumbest reason I have ever heard for not owning a mutual fund.
Vanguard does the same at a fraction of the cost
That is an excellent point, and I did not differentiate between tax deferred accounts and regular funds.
How Joe Kennedy Avoided The Stock Market Crash Of 1929
Joe Kennedy is the father of former president John F. Kennedy.
Joe made most of his money in the stock market. He traded stocks in the roaring 20s when there was little regulation and “anything goes” attitude surrounding all of Wall Street.
Joe famously avoided the Great Depression, and stock market crash of 1929. He sold his entire portfolio days before the crash. But how did he do it? This one anecdatoe explains it all:
“Joe Kennedy exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good.
http://www.exploringmarkets.com/2014/11/how-joe-kennedy-avoided-stock-market.html
I canceled the ge trade due to recent poor ge stock performance (what the h*ck happened to ge? Lol) but I let bco ride, with the result that bco is currently down after an initial spike. I tried to buy fidelity ijt etf but could not figure out how to do it over the fidelity website despite several attempts. By that time, trading had opened and the chat queue was at 75, and I needed to attend a several hour long meeting that I just got out of now. Verdict: I am not very good at this. I should perhaps consider dumping the bco and investing in an etf or mutual, either vanguard if fidelity permits , or fidelity, using perseverance to get through the fidelity user interface which is ordinarily good. I should also be more prepared next time (if possible; I am still learning). Ugh ugh ugh.
Looks rosy today for sure... hmmm...
Oh thanks I need to try to keep that anecdote in mind. But really... well I guess that is the point though... no, I am no shoeshine guy and I am no joe Kennedy either, lol.
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