are we all stupid?

[Pinchaser]

If you look at nearly any economic calamity in our history, you'll find the stock market performing very well just before it started. Anyone with any fiscal sense understands that there is an economic disaster coming soon. What's happening in the market today doesn't change that.

 

[Armed-N-Ready]

Not all of us,but as proven in our last election, a majority of voters are.

 

[HavokCycle]

If you look at nearly any economic calamity in our history, you'll find the stock market performing very well just before it started. Anyone with any fiscal sense understands that there is an economic disaster coming soon. What's happening in the market today doesn't change that.

precisely my point. i'm sure grocery stores post record sales the week before a hurricane.

 

[indykid]

Why worry about the economy? The president isn't worried. He is too busy campaigning for "gun" control.

Then again...

 

[poptab]

Its called pump and dump.

 

[Bradsknives]

Ummm, knives?

I do like your answer, but I would never advise/suggest that someone collect anything based on expecting a return.

If you are an investor you shouldn't have to ask .

But for those who are J6P and wanting to save I suggest; paying off debt, gold/silver, savings, guns/ammo. Anything tangible, nothing paper.

If you are at the point that you don't need or want tangibles, or have debt to pay off then you are pretty well off and congrats! You are beyond my knowledge!

I would agree with you 100% about paying off debt. I was debt free six years ago and it is one of the best things I have ever done.

I believe in having a balance portfolio. Don't have all you eggs in one basket. Have a percentage in cash, the stock market, property (homes/land), and tangibles that you are comfortable with.

 

[Bradsknives]

And I just saw who I was quoting. In that case I suggest investing in precious metals; 154cm, 1095, 3v, etc etc etc.

 

[NathanJefferson]

I do like your answer, but I would never advise/suggest that someone collect anything based on expecting a return.



I would agree with you 100% about paying off debt. I was debt free six years ago and it is one of the best things I have ever done.

I believe in having a balance portfolio. Don't have all you eggs in one basket. Have a percentage in cash, the stock market, property (homes/land), and tangibles that you are comfortable with.

We aren't debt free, mortgage is 3-4 years out from being paid off, but 1st step was saving enough cash to cover all bills for 6-12 months. Even with 0 income. That is my first and foremost advice, have enough $$$ saved to cover your expenses for 6-12 months, then worry about debt, then wealth preservation, then investment.

Wealth preservation is savings that keeps up with inflation, that is where I think tangibles/precious metals fit. I'm not close to needing investments yet...

 

[Bradsknives]

We aren't debt free, mortgage is 3-4 years out from being paid off, but 1st step was saving enough cash to cover all bills for 6-12 months. Even with 0 income. That is my first and foremost advice, have enough $$$ saved to cover your expenses for 6-12 months, then worry about debt, then wealth preservation, then investment.

Wealth preservation is savings that keeps up with inflation, that is where I think tangibles/precious metals fit. I'm not close to needing investments yet...

I like the way you are thinking.
IMO, your financial plan looks good, now you just have to have the discipline to stick to it, this is where most people fail.

 

[level.eleven]

so... we all know our current REAL economic woes. massive debt, negative GDP growth, yet the stock market closes above 14000.

this is so so so wrong.
Stocks rally; Dow closes over 14,000

soaring stocks YET we're in a huge financial crisis? it betrays ALL logic whatsoever. can anyone seriously say 'we're in such good shape and everything is well and forever shall be'

either my economics knowledge is SEVERELY lacking, or something is very wrong.

The best advice I can give is to read Marx's Das Kapital.

 

[level.eleven]

When it comes to economics, I am. Couldn't begin to understand what it all means. To be honest, I can't comprehend how a bunch of numbers within computer systems (money) can be as important as they apparently are.

Another candidate for Marx.

 

[phylodog]

Another candidate for Marx.

Care to elaborate?

 

[level.eleven]

Care to elaborate?

You are being milked.

 

[phylodog]

You are being milked.

How so? Please explain. I've admitted my ignorance on finance, are you suggesting that makes me a communist? Marxist? Socialist?

 

[Avar]

Don't forget how much our government (Federal Reserve) inflates and controls our economy, including the stock market. Here is an article that really puts it into perspective.

The Federal Reserve of the United States (US), often referred to by its nickname of “The Fed”, is a government-run body that is responsible for economic and monetary policies, as well as regulating the financial institutions in the country. It also doubles as the bank of the US government. One of its primary roles is to keep the economy of the country running smoothly.

The Fed is one of the most powerful organizations in the US, watching over the world’s largest economy, and, as such, has a huge impact on individuals, banks and other financial organizations not just in the US but also all over the world.

While a lot of people may be aware that there is this government body that serves to keep the economy safe and afloat, many fail to understand how or why the government should be involved in this matter. As an investor, one should not be ignorant of this knowledge. It is essential for an investor to, at least, have a basic knowledge of the Federal Reserve System.
(Read more: The Federal Reserve | Learn the Stock Market)

 

[level.eleven]

How so? Please explain. I've admitted my ignorance on finance, are you suggesting that makes me a communist? Marxist? Socialist?

My apologies. On the topic, I wasn't clear. If one were to fit our current scenario to a past projection, Marx would be the most accurate. Just take a look at capital. I fear, it is going to get worse. The anti-goverment, anti-labor position adds heft. Surplus.

 

[level.eleven]

Don't forget how much our government (Federal Reserve) inflates and controls our economy, including the stock market. Here is an article that really puts it into perspective.

The Federal Reserve of the United States (US), often referred to by its nickname of “The Fed”, is a government-run body that is responsible for economic and monetary policies, as well as regulating the financial institutions in the country. It also doubles as the bank of the US government. One of its primary roles is to keep the economy of the country running smoothly.

The Fed is one of the most powerful organizations in the US, watching over the world’s largest economy, and, as such, has a huge impact on individuals, banks and other financial organizations not just in the US but also all over the world.

While a lot of people may be aware that there is this government body that serves to keep the economy safe and afloat, many fail to understand how or why the government should be involved in this matter. As an investor, one should not be ignorant of this knowledge. It is essential for an investor to, at least, have a basic knowledge of the Federal Reserve System.
(Read more: The Federal Reserve | Learn the Stock Market)

Exactly. The takeover is near completion.

 

[phylodog]

My apologies. On the topic, I wasn't clear. If one were to fit our current scenario to a past projection, Marx would be the most accurate. Just take a look at capital. I fear, it is going to get worse. The anti-goverment, anti-labor position adds heft. Surplus.

And I'm a candidate for what exactly?

 

[mistap]

And I'm a candidate for what exactly?

I feel your pain, brother. He's just doing a miserable job of trying to sound like the smartest guy in the room.

 

[2ndAmendmentdefender]

The stock market is rigged.... advantage is to the big brokerage companies and bankers. i would guess they are pilfering the retirement accounts. You use to be able to make some bucks if you knew the system, but lately the market is too volatile to risk your money.

I used to day trade in the mid 2000s..... small scale. My aim was to make 40 or 50 a day and up. Sometimes you hit it good. I think my highest was a little over 550 in a few hours. I started out with 9 grand and a few months later had a little over 20 grand. I did the day trading on my lap top while I was at my federal job! Set up in a closet.....

Then I started getting warning letters from the SEC accused of violating trading laws pertaining to day traders. I was told by sec that I would lose my right to trade if I continue to violate the trading laws.

This is the kicker.....

George W. Bush signed into law mandating day traders to have 35 grand set aside to be allowed to day trade. Day trading meaning buying and selling the same stock in one days session!

This was a direct hit for the small trader like me. I did not yet have the 35 grand available to trade.

This meant that I had to swing trade, which means that I could not sell the stock the same day that I buy the stock.

I had to leave my stock in over night...... with this system I started to lose a little more than I made.

So it is rigged to benefit the bigger brokers who feed on the little guy. If you watch the price fluctuation of stocks as they go up and down in price a day trader will profit on both the up-move and profit by shorting on the down move! They do this all day long!

I was decent at day trading but not swing trading.........

I pulled out and haven't touched it since!