My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
I hope that continues. Odds are against it but if you can outguess the Fed and beat the pros, more power to you.
By beating the pros I mean that you find the stocks before they do, and they bid up the price.
The 10 year treasury is at a 30 year low yield. What will happen to most (not all) stocks when interest rates rise? Unless you believe that interest rates will remain at this level for a generation, you’ve GOT to figure this into your investing.
Okay, let’s say you don’t want to. Fine. But your competition WILL. What will happen to stocks (again, in general, but not all)? Stocks don’t exist in a vacuum.
If you can beat this, then you should start a hedge fund. [/quote]
You really don’t know the first thing about investing do you? I’ll say this once again, you don’t try to time the market. No one can time the market and when you try, that’s when you get your head handed to you. I invest for the long-term. If the market goes down 100 points I don’t scream about the sky falling sell everything and hide in my basement. That’s the opportunity to buy more stocks at a cheaper price.
You need to look at stocks for what they are. The opportunity to purchase part of a company. Now I ask you, would you rather buy the company at a high, or low price? When stocks go down you have to look at that as an opportunity to buy the same company you may already own, only cheaper.
If you think the US is going to fall apart and there will be no country left, I understand why you wouldn’t want to take advantage of market down turns. However, all nutty economic theories aside, this is a great time to make money, and that’s exactly what I’m doing.
On a final note, the real fools are the ones right now who are buying gold, and building shelters and stocking them with freeze dried corn chips, or whatever it is nutbags do. People who have a sound understanding of the stock market will always make money because they resist the temptation to react to the two major movers of the market “Fear” and “greed.” If you were smart enough to look at yourself you would understand that you are full of fear right now. Might be too much Glenn Beck, I don’t know (not that he’s wrong about Obama). Beck, is really stirring up the economy is falling hoopla. Yet, he seems to take his pay in dollars, not gold. And has a sweet heart deal with Goldline. Could this be influencing him? I don’t know, maybe he really believes the economy is going to crash and we’ll all be in the land of Mad Max. But trust me, it’s total nonsense.
Okay, one last comment:
“Buy when there’s blood in the streets.”