Posted on 04/10/2015 3:31:42 PM PDT by Red in Blue PA
More American adults drink coffee daily than have money invested in the stock market.
Less than half, or 48%, of American adults have money in stocks, according to Bankrate's Money Pulse survey. Compared to that, about 61% of adults have at least a cup of coffee daily, according to the latest National Coffee Drinking Trends.
(Excerpt) Read more at money.cnn.com ...
Since all those proceeds had to be invested every month stock became nothing but a speculative scheme with equity being reduced every month. When I was in college, a maximum of 7 times earnings was an investment, 10 times earnings was speculation and today most are over 15 times earnings.
It already went up, I thought it was 47%.
“My mother sure dodged a bullet pulling her 401K back in 2008.”
Did she get back in?
Before the dip: Dow 11,000
Present: 18,000
For those that stayed in we are up 60%.
On the other hand, at my age, stocks should be a smaller part of the portfolio anyway. (Not 0 though.)
I lost heavily after 9/11 and 2008. I still have made out great thanks to my thrift savings plan which is similar to an IRA or 401K.
True enough.
The lottery doesn’t have a rule to shut down sales if there is a sudden unexplained spike or falloff in sales.
Is the annuity a good investment? Obviously, if the SHTF, it doesn’t matter, but I have been asked to move a good chunk of funds into annuities. What it means is that I would then dump money into another entity that could fail.
The stock market is a rigged game.
“When I was in college, a maximum of 7 times earnings was an investment, 10 times earnings was speculation and today most are over 15 times earnings. “
From 1950 to 1970 the average P/E ratio was about 20, about where it is now.
Its how congressmen get so wealthy. They sit beside the dealer and whisper which cards will turn up next.
“but I have been asked to move a good chunk of funds into annuities. “
who asked?
http://www.fool.com/retirement/annuities/annuities02.htm
BFL
I used to have stocks but I decided to get out of the market. Too much negative news and PE ratios are just out of this world. I’ll wait till a saner market.
I must be lucky. Know dozens who play lotto. Not ONE person ahead. I’ve been in stocks since late 70s... They have made me rich. Who’d a thunk it?
For over 40 years those tricky insiders have been making me wealthy. They must really like me.
Come on in....Said the spider to the fly.
I came in and now I’m rich...
I smell bovine processed grasses and grains.
Well sure, step right up and get rich.
lol...
Exactly! I stepped up, I’m rich!
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