Down goes the Dow

Flagpole wrote:

mellon wrote:

Well, they're saying hang on!! The Dow could easily be taking a ride up to 20,000.

Dow up 292 points today to have its highest close ever.

More to come...

It's turning into a frenzy just like 1999. Better watch your azz before you lose it all. I would NOT be in thte market at this point. For those of you not in, don't fall for the trap.

Yes it is a trap. This so-called bull market has been manufactured by those loyal to Israel in order to catch us off guard. Don't because sheeple!

What?

K5 wrote:

There is money to be made in equities right now there's no reason savers and retirees cannot take advantage of that.

How do you know this? Equities are always a risk. You can tell what the future brings? You, of course, ignore the fact that savers and retirees depending on 401(k) and IRA accounts have no safe place to put their money that gives any kind of return and this is 100% because of the policies of the Fed .

I am sure you are not convinced. But a quick and hard fall seems due if you follow the pattern of the bubble economy the Fed has put in place for the past 20 years

I can read the future no more than you can. That is why I used the word "now".

Meanwhile it seems you do not understand the relationship between risk and return. To make it simple for you, your wish for a safe investment with a good return is pure fantasy. It doesn't exist. If you can't handle risk, stick your money in your mattress or some fixed income asset (which is pretty much the same thing).

Answer Man wrote:

If you can't handle risk, stick your money in your mattress or some fixed income asset (which is pretty much the same thing).

It's not a matter of "handling risk" as if that is some positive, macho quality. It's a matter of not losing 33% to 50% of your life savings in a matter of months when this all blows up

K5 wrote:

Answer Man wrote:

If you can't handle risk, stick your money in your mattress or some fixed income asset (which is pretty much the same thing).

It's not a matter of "handling risk" as if that is some positive, macho quality. It's a matter of not losing 33% to 50% of your life savings in a matter of months when this all blows up

That's exactly what is meant by "risk".

Helloooo? wrote:

K5 wrote:

It's not a matter of "handling risk" as if that is some positive, macho quality. It's a matter of not losing 33% to 50% of your life savings in a matter of months when this all blows up

That's exactly what is meant by "risk".

No. That is what is meant by foolishness.

To present the view that one must be in the market at all times as smart or brave is just plain stupidity

honest question - why don't you use a password for your handle?

I'm thinking it somehow protects you from being banned

or

You want to have plausible deniability for your anti-jewish comments.

Keepin it Real wrote:

Flagpole wrote:

Dow up 292 points today to have its highest close ever.

More to come...

It's turning into a frenzy just like 1999. Better watch your azz before you lose it all. I would NOT be in thte market at this point. For those of you not in, don't fall for the trap.

I never get the "better watch out before you lose it all" thing. When the market began to tank in 2007, I just stayed in and continued to pump money into the market...in fact, once it got below 8000, I put in a little extra (and I did that after it got to about 12,000 the first time too). So, yeah, I lost 39% of my VALUE in 2008. Big freakin' deal...this is why you think of the market as an average over time. 2009 brought 34.7% UP for me, 2010 was up, 2011 was up, 2012 was up, and so far in 2013, I'm up 27.5% YTD, FAR exceeding where I was at the peak Dow of 14,100 in October 2007.

Should people be IN this market? Of course. Should they jump in and out trying to catch tops and bottoms? No!

What you do to not worry about the market volatility is:

1) Emergency fund of 3-6 months of expenses.

2) Debt free but for a house with a reasonable mortgage or MAYBE a big student loan.

3) 15% of your income into stock mutual funds within retirement accounts...split this way...growth, growth and income, aggressive growth, international. Some bonds in there no sooner than age 35, and no later than within 10 years of retirement. 30-50% in bonds is goal in retirement UNLESS you have 2-3 years of liquid cash (cash, MMA account, etc.) to protect you if the market tanks (do this if you're 100% in stocks in your investments).

4) Pay off home early.

5) Invest in non-retirement mutual funds (this would be above and beyond the 15% going into retirement accounts).

You can flip flip #4 and #5 or do both at the same time.

K5 wrote:

Helloooo? wrote:

That's exactly what is meant by "risk".

No. That is what is meant by foolishness.

To present the view that one must be in the market at all times as smart or brave is just plain stupidity

You suggest staying in the market is unwise, yet you whine about your poor returns on the cash you took out. There's no such thing as a free lunch, my friend. If you want high returns, you need to accept risk. If you're risk averse as you seem to be, then you can invest in 'safe' products...but don't expect much in the way of returns.

K5 wrote:

honest question - why don't you use a password for your handle?

I'm thinking it somehow protects you from being banned

or

You want to have plausible deniability for your anti-jewish comments.

Honest question - why are you such a d-bag as to steal other people's handles?

You've done it to K5. You did it to me. I imagine you've done it to many others. Look, if you don't want to be held accountable for your words, that's fine. Remain anonymous. Change your handle all you like. But posting under other people's handles is the single most d-baggy thing that you can do.

So, honest question - Why? Are you really so completely and innately a d-bag that this maximum d-bag action just naturally fits you?

could the real K5 please answer this? why don't you use a password for your handle?

Pointing Out the Obvious wrote:

K5 wrote:

honest question - why don't you use a password for your handle?

I'm thinking it somehow protects you from being banned

or

You want to have plausible deniability for your anti-jewish comments.

Honest question - why are you such a d-bag as to steal other people's handles?

You've done it to K5. You did it to me. I imagine you've done it to many others. Look, if you don't want to be held accountable for your words, that's fine. Remain anonymous. Change your handle all you like. But posting under other people's handles is the single most d-baggy thing that you can do.

So, honest question - Why? Are you really so completely and innately a d-bag that this maximum d-bag action just naturally fits you?

It should also be pointed out that the d-bag who has made a habit of stealing handles on this thread has done it with registered handles that have passwords. I really don't care how he has done it but the fact that he has done it repeatedly suggests that registering doesn't offer a whole lot of protection against online identity theft.

So, answer my question d-bag. Were you just born that way? Do you really have no choice but to act like such a d-bag on these boards?

Rather than crying about it, just register. How lazy can you be?

You suggest staying in the market is unwise, yet you whine about your poor returns on the cash you took out.

I love this attitude. The Fed is screwing retirees and savers but to acknowledge this obvious truth gets you called a whiner.

My God. What did they do to you? What a good slave you are.

Pointing Out the Obvious wrote:

Rather than crying about it, just register. How lazy can you be?

(1) I just pointed out how registering does not seem to help.

(2) I am posting under this unregistered name - but it was not the (registered) one which was repeatedly stolen earlier.

How stupid can you be?

I'm actually pretty stupid. Have you not read the thread?

K5 wrote:

I'm actually pretty stupid. Have you not read the thread?

D-bag

Your calling others stupid, but you don't know how they're stealing your handle? That's hilarious.