A question to the financial gurus on EF

[chewyxrage]

gold is already inflated. rsnoble is saying the market is in a massive fuckspin right now, and it will be for quite some time.

Trying to play the market right will get you F'ed in the A. Dollar cost averaging is what I've been doing for the past year or so....Don't have a shitload to toss around anyway which is good for me at this point with market the way it is....

 

[the_alcatraz]

gold is already inflated. rsnoble is saying the market is in a massive fuckspin right now, and it will be for quite some time.

Trying to play the market right will get you F'ed in the A. Dollar cost averaging is what I've been doing for the past year or so....Don't have a shitload to toss around anyway which is good for me at this point with market the way it is....

so you think I should hold off right now?

what is morgan stanley trading shares for?

 

[75th]

I invested 20k in gold

Bad idea.

 

[75th]

gold is already inflated. rsnoble is saying the market is in a massive fuckspin right now, and it will be for quite some time.

Trying to play the market right will get you F'ed in the A. Dollar cost averaging is what I've been doing for the past year or so....Don't have a shitload to toss around anyway which is good for me at this point with market the way it is....

+1

Dont day trade unless you have the time and knowledge.

Take the less exciting route.

 

[75th]

Gold bro fucking gold!!!!!!!! its price is just going to keep going up and up. Mark my words!!!!!

Dear God no....

 

[the_alcatraz]

Bad idea.

isn't gold pretty much the most stable thing you can invest in?

 

[chewyxrage]

so you think I should hold off right now?

what is morgan stanley trading shares for?

If you were to invest now, what would you do?

Any amateur investors (myself included) is best to keep away for now, imo. Like I said, I've been dollar cost average with small sums for the last year (~$500/month) nothing big to gain but I'm buying up slowly at the low prices....they may go lower, who knows, but I'm not risking much either.

I think we are the same age (24?) we have plenty of time to work through this shit....

 

[chewyxrage]

isn't gold pretty much the most stable thing you can invest in?

Right now everyone and their mom has the same idea you do, thus the price is inflated.

 

[the_alcatraz]

If you were to invest now, what would you do?

Any amateur investors (myself included) is best to keep away for now, imo. Like I said, I've been dollar cost average with small sums for the last year (~$500/month) nothing big to gain but I'm buying up slowly at the low prices....they may go lower, who knows, but I'm not risking much either.

I think we are the same age (24?) we have plenty of time to work through this shit....

yes, same age....but you know a shitload more than I do about finance

Sales, marketing is my thing....accounting and finance - no lol

 

[75th]

isn't gold pretty much the most stable thing you can invest in?

Nope.

Its a commodity. In the long run its a good way to hedge against a falling dollar, but it sounds like you are more interested in short term gains.


The dollar is stronger now than it has been in a year and its only going to get stronger as Europe begins to deal with its own financial crisis.

Strong dollar = falling gold.