Posted on 01/25/2013 3:50:58 PM PST by Nachum
great! point me to it.
there mustn’t one yet
I like the ideer :)
I would be for a financial forum where types like me could learn from the more savvy and successful types on here with whatever stuff they cared to share.
I am enrolling in 401k next month since I will be eligible and would like to be able to take the best control and management I can.
A company 401k usually but not always has a preset choices of mutual funds to choose from. Such as large cap, small cap, fixed income and bonds are normally some of what they offer. Most funds discourage the type of trading that you can do at a discount brokerage (which conversely encourage trading so they can get more commissions). If you have something different than that which offers individual stock trading then compare their fees to a discount broker.
No ping? No forum? No thread?
Okay, I’ll start. I took a beginning position in FIO and APA this morning. We’ll see how that works out.
I am waiting on ONVO to go below $4/shr to start re-acquiring a position. Having bought in @$2/shr I took profits when it went to $6. I retain a core position but it is all on house money.
I am waiting on THM to go below $2 to acquire more shares. I intended to start selling @2.50 but it didn’t quite reach that. Next time I may start selling @2.40
BERY has been soaring like a kite. At 19 I cut the string.
Thanks for the start. Payday is at the end of the week and I will come back to this. Thanks!
Having said all that, We are printing money at the rate of $85 billion per month and a madman in the White House that doesn't think we have a spending problem. We just raised taxes when we should be lowering them and more hikes seem to be on the way. We are about to get 11 million more Dem voters to make sure Obama gets a 3rd term. A more sane decision might be to buy a '67 Camero with a 427 4 speed and drive it around at 140mpg. At least you would get some use of your money before everything goes to hell. I saved and invested all my working life and it looks like I will die poor in a refrigerator box sometime in the next 4 years. Land, food, and bullets may be the best investment for the future. To believe we will ever get our country back as it was without bloodshed seems far fetched to me. I started investing back when Nixon was innocent and a 500 DOW. Back then you just bought ATT and drew dividends and your nest egg grew. Buying Philip Morris, Exxon, ATT, J&J, and a few others always seem to work. Buy/writing call options with dividends was like stealing candy from babies. Today, I think if you could ask a question in secret to any trader, they are just trying to pick the top and bail out. Any fair examination of the situation we are in now should make a sane person hurl. Remember Charlton Heston on the beach in the ape movies looking up at the Statue of Liberty buried in the sand? That day is literally coming. We are throwing it all away. To believe you can save enough money to retire on in this situation is just dreaming, IMHO. After 4 more years of this fraud will get us $22 trillion in debt, AND STILL RISING. What are the odds interest rates will remain at basically zero forever? If rates go to 5%, WE WILL SPEND ALMOST AS MUCH ON INTEREST as we spend on everything else. We are done, we just won't admit it.
I've only talked to a couple of people that have ever been through this. One from Cuba and one from Argentina. They both described it as a surprise when things collapsed. People tend to hang on to the old ways until they are forced into reality. Argentina was paying 20+% interest and still buying and selling and investing until it just imploded. Within hours, everyone was broke. I figure we will be the same. I've been told by "money people" that we can print our way out of this. We are already printing astronomical numbers and will need much more. You will save and invest your whole life and end up with chump change. Good luck.
At times I’ve thought about the classic car thing as you mention. I miss the 67 cougar I had that wound up being sold a few years back. I half look for another 76 or above Jeep these days.
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