A question to the financial gurus on EF

[rnch]

repo'd houses?

 

[chewyxrage]

I see...but wasnt gold's value increasing up until recently?

yeah, exactly....when did you buy in? The price right now is already inflated with people who are buying up months ago....and it's about to go down....

 

[mrplunkey]

If you are thinking buy-and-hold for 2+ years, there should be some good buys out there. I fall into the "terminally paranoid" category (thanks for the term JR!) so my picks would be too conservative.

I bet 75th would know some good mutual funds that make or distribute mid-range items. I'd stay away from the high end (i.e. boats) or pure commodities as well. Over then next few months, the market will be so volatile that you'd want to dollar-cost average (blend over time) your money into the mutual fund too. For every success story that someone has about buying at the *perfect* time, there are 10 stories about someone who bought and it went down from there. Leave timing the market to market movers with high tech trading tools -- the rest of us are just along for the ride.

 

[75th]

I seem to be hearing two diff. opinions....completely opposite

One is America is doing so badly to the point that its getting closer and closer to a depression like recession

The other point is that it's not that bad...and America is doing just fine

I know friends that have businesses in the states and they are saying shit is going down the drain

which one do you support?

Its somewhere in between, but again if we do fall into a recession (or if we are in one now) it doesnt necessarily affect the value of the dollar.

 

[ortiz34]

Its somewhere in between, but again if we do fall into a recession (or if we are in one now) it doesnt necessarily affect the value of the dollar.

olollol @ if we are in a recession
the northeast has been in the tank for some time now
enjoy the ride down, rest of the country!

 

[ortiz34]

I invested 20k in gold

dude, that's like buying oil in July when it was @ $140

Now it's $95ish

american investor noobs got PWNED in the market and @ the pump

Double vaseline

I'd take that money and put it in GE and many proctor and gamble (gillette razors etc)

 

[mrplunkey]

olollol @ if we are in a recession
the northeast has been in the tank for some time now
enjoy the ride down, rest of the country!

Technically we aren't in one yet. But we will be soon.

Being "in the tank" doesn't fit the technical criteria for a recession. Things can be really bad and still not fit the formal definition.

 

[rsnoble-im-back]

Here's what Crammer thinks, the same bunghole who recently called market bottom lmao:
http://secure2.thestreet.com/cap/lo...m/p/_yahoo/rmoney/jimcramerblog/10440797.html

He sure changed his tune in a couple weeks.

 

[rsnoble-im-back]

Better link for full article:

Cramer: Preventing Great Depression II - page 1 of 2 - TheStreet.com

I think I just got slammed for mentioning DOW 8k the other week. Can't recall, I was drunk but I seem to recall something about that.

 

[the_alcatraz]

wow thanks for all the info guys
appreciate it
I bought the gold 4 months ago btw