A question to the financial gurus on EF

[rsnoble-im-back]

The market is broke, or I should say the charts a broke. Although todays sell off was no wear near a crash as there's still a stream of steady buyers with confidence that are looking for bargains, just looking at the charts the downside is nowhere near. No one can predict the future, maybe everyone will feel good tommorow, maybe the fed will lower rates, whatever the case the most likely result is more downside. Don't get me wrong, I don't like this either im just pointing out the likely result. I doubt BAC will have anyone in good spirits in the am. Of course anyone that didn't see that one coming needs new glasses lol.

 

[rsnoble-im-back]

BTW--things are so bad that Buffett didn't go to GE, GE went to Buffett.

 

[JR76]

Good bros,

What would be a good investment right now?

If I wanted to buy some shares, what should I buy?

Why is it that you are interested in going long? The global equity, and many credit, markets are going to hell in a handbasket and instead of doing the logical thing (i.e. looking for a place to get short) people insist on trying to catch falling knives. I don't get it.

 

[JR76]

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

Well, if you look at a return chart over the last 90 years or so, you will find that the return on Gold is really, really shitty. I mean, it's almost as bad as putting your money in a coffee can in your backyard. I know you won't believe this given the current environment, but historically gold is not a high return investment.

 

[rsnoble-im-back]

One stock id really like to see at new 52 week lows is NVEC. No, im not short. But if things calmed down id buy the hell out of it. PS.......never take anyones advice on a msg. board seriously without doing your own homework.

 

[the_alcatraz]

Well, if you look at a return chart over the last 90 years or so, you will find that the return on Gold is really, really shitty. I mean, it's almost as bad as putting your money in a coffee can in your backyard. I know you won't believe this given the current environment, but historically gold is not a high return investment.

wtf?

 

[JR76]

One stock id really like to see at new 52 week lows is NVEC. No, im not short. But if things calmed down id buy the hell out of it. PS.......never take anyones advice on a msg. board seriously without doing your own homework.

If the Dow hits 7,000 I'll buy the market with both hands. Barring that, I'm maintaining current positions, which I'm not discussing.

 

[JR76]

wtf?

Here ya go, Alcatraz. I dug this up just for you, and for the nameless morons who go on and on about the fagtabulous returns to be found in the muni bond market.

Stock Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty

Look at the chart about 1/2 way down the page.

The piece is an excerpt from a larger work. The author is leading authority in what I'll call "practical" finance. He's a professor at the Wharton School of Business at the Univ. of Pennsylvania (i.e. the best business school in the U.S.).

 

[the_alcatraz]

Here ya go, Alcatraz. I dug this up just for you, and for the nameless morons who go on and on about the fagtabulous returns to be found in the muni bond market.

Stock Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty

Look at the chart about 1/2 way down the page.

The piece is an excerpt from a larger work. The author is leading authority in what I'll call "practical" finance. He's a professor at the Wharton School of Business at the Univ. of Pennsylvania (i.e. the best business school in the U.S.).

Thanx bro, I appreciate this.

My friend got a full scholarship to this university

 

[layinback]

other than funds, i stick with old blue chips (like ge) and companies that have:

1) a profitable history

2) a positive outlook and

3) a history of decent dividends

no lottery winners. . .and (hopefully) no adelphia/worldcomm/enron's. . .and. . .like today. . .i try to buy some stuff (that i intend to hold for the long haul) when it's relatively cheap. . .

and you are a savvy investor. your business is money!!! i think he's looking for
some 101 stuff.

i have some money in the market and various "other" investments but i trust
my abilities more than anyone in any market. most of my money goes to
expand my current businesses. i fully understand the importance of investing
and passive income............ but i trust me mostest.