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Nord
07-31-2007, 10:59 AM
Financial companys are going down, the Dow is kind of a rollercoaster, what is to come?? Don't take me wrong, I have a couple that are holding steady, but I would have to say that last week, most people lost 5% of their money. Tough times coming?? Who knows. What happends if they keep going down, is everyone going to wait till they bounce back?? I see a lot of profit taking everyday with a lot of trades for those taking money off the table and holding on to it....
What does everyone think??
~NORD~

Angry Inch
07-31-2007, 11:05 AM
Stocks are on sale right now. :) Time to buy.

Nord
07-31-2007, 11:08 AM
Stocks are on sale right now. :) Time to buy.
Stay out of my threads:mad: :mad:

lucky
07-31-2007, 11:08 AM
I agree - i just took a equity line out on my house :D :confused:

DILLIGAF
07-31-2007, 11:11 AM
Invest long term and diversify and you will be fine.....

HM
07-31-2007, 11:12 AM
It is always a roller coaster. Just like real estate. But the down cycles are always news worthy because the sky is falling.
Watch out for the "safe money" financial advisors (I am one of them!). They typically take these down sides to pitch the benefits of equity indexed fixed insurance products in a down market because they typically have a floor where you don't lose...which is very beneficial. But, safe money strategies are really for people in retirement who can't afford any losses especially if they are pulling money from nest egg. Younger people (50 and younger) have time on their side and the market will always outperform the safe money guys. The only exception is the equity indexed life insurance/dividend paying whole life strategies because they give you the ability to access the money tax free later on in life which allows you to have the same net spendable money as someone who made 4-8% more in a mutual fund and were taxed at either capital gains or ordinary income rates (if the mutual fund was in a qualified account - 401K, IRA, etc.)
If you money is well diverse, then ride it out. If you own individual stocks, it is always good to review to make sure it is not just a market fluctuation vs. an MCI, Enron, Global Crossing...and etc.

C-2
07-31-2007, 11:19 AM
It is always a roller coaster. Just like real estate. But the down cycles are always news worthy because the sky is falling.
Watch out for the "safe money" financial advisors (I am one of them!). They typically take these down sides to pitch the benefits of equity indexed fixed insurance products in a down market because they typically have a floor where you don't lose...which is very beneficial. But, safe money strategies are really for people in retirement who can't afford any losses especially if they are pulling money from nest egg. Younger people (50 and younger) have time on their side and the market will always outperform the safe money guys. The only exception is the equity indexed life insurance/dividend paying whole life strategies because they give you the ability to access the money tax free later on in life which allows you to have the same net spendable money as someone who made 4-8% more in a mutual fund and were taxed at either capital gains or ordinary income rates (if the mutual fund was in a qualified account - 401K, IRA, etc.)
If you money is well diverse, then ride it out. If you own individual stocks, it is always good to review to make sure it is not just a market fluctuation vs. an MCI, Enron, Global Crossing...and etc.
http://www.***boat.com/image_center/data/520/1132beatdeadhorse5.gif
Save your energy for the next pit bull argument!:mad:

Angry Inch
07-31-2007, 11:21 AM
Stay out of my threads:mad: :mad:
http://i2.photobucket.com/albums/y38/ltoomey/hes_serious.gif

HM
07-31-2007, 11:22 AM
http://www.***boat.com/image_center/data/520/1132beatdeadhorse5.gif
Save your energy for the next pit bull argument!:mad:
What was I thinking? :D

Nord
07-31-2007, 11:23 AM
http://i2.photobucket.com/albums/y38/ltoomey/hes_serious.gif
Now what sense am I supposed to get out of a disturbed squirrel.......Were you born backwards??:idea:

Angry Inch
07-31-2007, 11:26 AM
Now what sense am I supposed to get out of a disturbed squirrel.......Were you born backwards??:idea:
No dude. He's serious, dramtic...Maybe the music will help:
http://www.collegehumor.com/video:1764124/
:)

HM
07-31-2007, 11:28 AM
Now what sense am I supposed to get out of a disturbed squirrel.......Were you born backwards??:idea:
Probably nothing worse than is yet to be posted by the ***boat Arm Chair Quarter Backs who don't have any investments nor do they work in the industry, but they are experts none the less. Same experts in real estate.

HM
07-31-2007, 11:29 AM
No dude. He's serious, dramtic...Maybe the music will help:
http://www.collegehumor.com/video:1764124/
:)
This one is way better: Jedi Squirell (http://www.collegehumor.com/video:1764519)

MRS FLYIN VEE
07-31-2007, 11:33 AM
so where can you buy stock on sale?

DILLIGAF
07-31-2007, 11:35 AM
so where can you buy stock on sale?
Some stocks you can buy direct from the companies......

MRS FLYIN VEE
07-31-2007, 11:36 AM
Some stocks you can buy direct from the companies......
:idea: :D :D thanks..

SummitKarl
07-31-2007, 11:38 AM
so where can you buy stock on sale?
Employee Stock Purchase Plan (ESPP) usally a 15% off sale:D

MRS FLYIN VEE
07-31-2007, 11:44 AM
Employee Stock Purchase Plan (ESPP) usally a 15% off sale:D
:jawdrop: :D :D

Nord
07-31-2007, 11:49 AM
Probably nothing worse than is yet to be posted by the ***boat Arm Chair Quarter Backs who don't have any investments nor do they work in the industry, but they are experts none the less. Same experts in real estate.
Oh don't take me wrong, Angry is definately invested in the stock market.

HM
07-31-2007, 11:49 AM
Back dating stock options is always a way to get them "on sale." :D

MRS FLYIN VEE
07-31-2007, 11:50 AM
Oh don't take me wrong, Angry is definately invested in the stock market.
in what?

Angry Inch
07-31-2007, 11:56 AM
so where can you buy stock on sale?
Let's say that you invest in Fidelity's Spartan 500 Index fund (FSMKX). On the 19th, it's price was $107.72; and, on the 30th, it was 101.22. It is the same product, just less expensive (by 6%). It doesn't sound like much; however, when you have large amounts of money to invest, it makes a difference.

Nord
07-31-2007, 07:07 PM
This is good for the peeps that held on to their money........

revndave
07-31-2007, 07:37 PM
Last 2 days have been great for me.Monday made 600.00 and today 140.00 on a Canadian gold exploration co.. I bought 1710 shares at .68 now its at 1.61 usd.:D

Nord
07-31-2007, 07:49 PM
Well Yay for you.......what are the symbols??

revndave
07-31-2007, 07:54 PM
Pez.ff

scooooter7
07-31-2007, 07:55 PM
Employee Stock Purchase Plan (ESPP) usally a 15% off sale:D
Buy one share then contact the Co. and ask to be put on the ESPP. Long term investing is the best way.