bangalangadanga wrote:
Flagpole. y u no post in other threads. haven't heard from ya in a while!
I'm still posting brother! Do a search and you can find out where.
bangalangadanga wrote:
Flagpole. y u no post in other threads. haven't heard from ya in a while!
I'm still posting brother! Do a search and you can find out where.
Flagpole wrote:
1) People SHOULD be well diversified with their investments, and that should include dividend-giving stocks (within mutual funds).
2) You are incorrect in your painting of mutual funds. ALL of my stuff is in mutual funds, and if you go with the low fees of Vanguard (most of my stuff is with Vanguard), then you will do well with the dividend payout of those stocks in those mutual funds.
1) SHOULD and ARE are two entirely different concepts. Most people I know DO NOT manage their 4019(k) for crap. Most have "tax guys", not "financial advisors". People are generally lazy when it comes to planning their own finances.
2) Again, Brother Flag, you are an anomoly. You manage your funds wisely. I state again, most people I know don't actively manaage their retirement accounts. They pick fund X when they start with a company and rarely reassess their investment strategy.
We both know that "to make as much money as I can!" is the typical investment strategy. Wise investors did not lose 40% when the market crashed; however, the rest of them did.
My point was not "how to invest", but to point out that when "the news will declare that people are now just breaking even from October 2007", they will be spot on.
You're a smart dude, bro, but sometimes you miss the forest for the trees. For example, when you hammer the fact that the expiration of the "Bush tax cuts" is not actually raising taxes, but actually returning to a previous tax rate, you miss the point that for most taxpayers that joined the workforce after 2000, it will be a tax increase, since they had never paid taxes at the previous rate.
1) I can't help people who don't invest the right way...other than to tell them to invest the right way.2) You are correct (so good point) that many people will not have invested properly so they may actually be coming back to even when the Dow hits 14,100 again. I would say though that I am not an anomaly in this case. Even with all their faults, Dave Ramsey and Susy Orman have lots of followers, and both of them suggest to invest very closely to the way that I do.3) Another good point about younger workers never having paid those taxes before Bush. You are correct that I should have considered those younger workers...for them it surely will be a tax increase.I am ALWAYS willing to listen to good point making, and you did so, so good show brother.
Magic 8 Ball wrote:
Flagpole wrote:1) People SHOULD be well diversified with their investments, and that should include dividend-giving stocks (within mutual funds).
2) You are incorrect in your painting of mutual funds. ALL of my stuff is in mutual funds, and if you go with the low fees of Vanguard (most of my stuff is with Vanguard), then you will do well with the dividend payout of those stocks in those mutual funds.
1) SHOULD and ARE are two entirely different concepts. Most people I know DO NOT manage their 4019(k) for crap. Most have "tax guys", not "financial advisors". People are generally lazy when it comes to planning their own finances.
2) Again, Brother Flag, you are an anomoly. You manage your funds wisely. I state again, most people I know don't actively manaage their retirement accounts. They pick fund X when they start with a company and rarely reassess their investment strategy.
We both know that "to make as much money as I can!" is the typical investment strategy. Wise investors did not lose 40% when the market crashed; however, the rest of them did.
My point was not "how to invest", but to point out that when "the news will declare that people are now just breaking even from October 2007", they will be spot on.
You're a smart dude, bro, but sometimes you miss the forest for the trees. For example, when you hammer the fact that the expiration of the "Bush tax cuts" is not actually raising taxes, but actually returning to a previous tax rate, you miss the point that for most taxpayers that joined the workforce after 2000, it will be a tax increase, since they had never paid taxes at the previous rate.
I was just showing how money could be made without any value being created.
I believe there are insiders manipulating the market that are getting rich whith these net zero gains while some are trying to follow and losing money all the way.
X-Runner wrote:
People are making all kinds of money selling at 13,000 and then buying back in the mid to low 12's and then selling again at 13.
It's amazing how much money you could make doing nothing and gaining nothing.
Flagpole wrote:
The problem with that is that you never know when the Dow just won't drop again, so if you sell at 13,000 and then it goes to 14,000, you're a bit stuck.
If by "stuck" you mean "you just made a nice profit", then you're right.
Huh?? wrote:
X-Runner wrote:People are making all kinds of money selling at 13,000 and then buying back in the mid to low 12's and then selling again at 13.
It's amazing how much money you could make doing nothing and gaining nothing.
Flagpole wrote:
The problem with that is that you never know when the Dow just won't drop again, so if you sell at 13,000 and then it goes to 14,000, you're a bit stuck.
If by "stuck" you mean "you just made a nice profit", then you're right.
You sell at 13000 and then the market keeps rising and never comes back to your buying point. What do you do? FP was right, you are stuck. And the longer you wait to get back in the greater the potential gain that you are passing up by trying to time the market and counting on a major fall from 13000 that will never come.
So no, he did not mean making a nice profit he meant passing up a potentially much greater one. And he was right.
Huh? Huh? wrote:
Huh?? wrote:If by "stuck" you mean "you just made a nice profit", then you're right.
You sell at 13000 and then the market keeps rising and never comes back to your buying point. What do you do? FP was right, you are stuck. And the longer you wait to get back in the greater the potential gain that you are passing up by trying to time the market and counting on a major fall from 13000 that will never come.
So no, he did not mean making a nice profit he meant passing up a potentially much greater one. And he was right.
You sir are CORRECT!
Huh?? wrote:
If by "stuck" you mean "you just made a nice profit", then you're right.
Huh? Huh? wrote:
You sell at 13000 and then the market keeps rising and never comes back to your buying point. What do you do? FP was right, you are stuck. And the longer you wait to get back in the greater the potential gain that you are passing up by trying to time the market and counting on a major fall from 13000 that will never come.
So no, he did not mean making a nice profit he meant passing up a potentially much greater one. And he was right.
When you sell, you always pass up potential profits. Are you suggesting that one should never sell?
FP:
How will the market react when it become obvious that Obama is going to get reelected? I agree with you that Obama is pretty much a lock to repeat.
fattymcgee wrote:
FP:
How will the market react when it become obvious that Obama is going to get reelected? I agree with you that Obama is pretty much a lock to repeat.
It will crash. One trillion dollar deficits every year he has been in office, record number of disability applications, record number on food stamps, high unemployment, no plan to help the economy except raising taxes on the "rich" - which will only raise enough money to fund the government for 8 days/year, corrupt White House that leaks National Security information, Fast & Furious, etc. If Obama is reelected, we will become his favorite role model - Europe. Actually, we are well on the way already.
I like your name. It suits you.
Treiter wrote:
Huh?? wrote:If by "stuck" you mean "you just made a nice profit", then you're right.
Huh? Huh? wrote:
You sell at 13000 and then the market keeps rising and never comes back to your buying point. What do you do? FP was right, you are stuck. And the longer you wait to get back in the greater the potential gain that you are passing up by trying to time the market and counting on a major fall from 13000 that will never come.
So no, he did not mean making a nice profit he meant passing up a potentially much greater one. And he was right.
When you sell, you always pass up potential profits. Are you suggesting that one should never sell?
Well, assuming you are not a troll, go back and read the sequence of posts that led to this, you will see that "suggesting that one should never sell?" has nothing to do with my post.
fattymcgee wrote:
FP:
How will the market react when it become obvious that Obama is going to get reelected? I agree with you that Obama is pretty much a lock to repeat.
Investors like certainty, and the market will react pretty much the same if Obama is elected as if Romney were to be (Obama has it won though).
We are still in slow growth mode. I see that continuing in 2013, and that goes for the stock market too. At some point in the next 5 years though, unemployment is going to be at a VERY acceptable level, and we will need to work very hard on the debt at that point. Prosperity is on the horizon, though not fueled by any party or President.
Huh? Huh? wrote:
Well, assuming you are not a troll, go back and read the sequence of posts that led to this, you will see that "suggesting that one should never sell?" has nothing to do with my post.
Not trolling, though I admit to being a bit facetious with that comment. My point is that buying low and selling higher should not be construed as being "stuck". Yes, by selling you pass up potentially higher profits, but you also protect yourself from potential losses. You're making money and that's the name of the game. Buy low, sell high(er).
If the dollar falls in the USA to below $70.00 maybe before the elections what would you do?