The Conservative Cave
Current Events => The DUmpster => Topic started by: Ralph Wiggum on January 10, 2014, 11:51:18 AM
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Atman (27,032 posts)
Starting to get a little spooked about this stock market (http://www.democraticunderground.com/10024310203)
Been there done that. I've more than made up for everything I lost when the last bubble burst, but I'm no savvy investor -- I just give my money to some "expert" and let him spread it around according to my wishes (and his recommendations).
Talk me off the ledge, oh savvy investors. I'm thinking of just taking my profits and leaving the original investment. Thoughts?
Some general talk about the stock market, but here is the money shot:
A HERETIC I AM (11,610 posts)
6. DU is absolutely the LAST place to seek investment advice.
Having said that, there is nothing wrong with what you suggested. Taking profits is a common strategy.
Pretty soon, someone will tell you to check out the "Stock Market Watch" thread, as if that would do you some good.
It won't.
:lmao: :clap:
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Spooked? Isn't that a racist term?
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Sounds like a certain President's fiscal policy is starting to scare poor Texas Toast.
Oh well.
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Atman (27,033 posts) Fri Jan 10, 2014, 11:56 AM
16. I started late...
I've been self-employed most of my life. I took a full time job in order to send my kid to college, and it offered handsome benefits which helped me make up some retirement funds I wasn't disciplined enough to put aside when I was struggling on my own. My balance is 60 (equities)-40, in a moderate risk fund because of my age. The return has been great so far. It's just, like...how long can it last? I can't afford to start over once again!
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Atman (27,032 posts)
Starting to get a little spooked about this stock market
Been there done that. I've more than made up for everything I lost when the last bubble burst, but I'm no savvy investor -- I just give my money to some "expert" and let him spread it around according to my wishes (and his recommendations).
Talk me off the ledge, oh savvy investors. I'm thinking of just taking my profits and leaving the original investment. Thoughts?
Boy, would you look at this greedy 1%er brag! :lmao:
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Boy, would you look at this greedy 1%er brag! :lmao:
Exactly...soon he will be taking pictures of his cat with the coach purse right beside it.
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Sounds like a certain President's fiscal policy is starting to scare poor Texas Toast.
Oh well.
Hubby has a good amount of money in his 401k and I keep asking him to take 3/4 out and sock it away in government bonds.
When I retired I took all and banked it, perhaps a dumb thing to do but at least I had some hope that even at 2% interest it was safe.
I vaguely remember grandparents telling me the if the bonds were withdrawn early, at least one got the principle returned.
Strange time in my youth, every week we would bring a dime to school and teacher would put in a folder until it added up to a government bond.
Most of our teachers were 45-50 and had seen what the stock market did to destroy people in the depression.
These bonds will mature when you reach 25 and the only way one can loose money is if the economy and the country collapses. Invest in America was the mantra of the day.
So for 30 years I had a government bond taken from my pay check, when in an emergency I could cash in at face value no interest but it was there.
About 15 years ago the Company came in with a 401k plan, One year we lost $6,000 between us, not to mention the Company no longer allowed us to deduct from pay checks government bonds, just the 401K.
We were told if we wanted to buy bonds we had to show up in person at a Bank, no credit unions or savings and loans but a bank each week. With the 401k deductions the company also put down deductions for any loans but to a credit union.
Then it seemed one had to be a member of a bank with a deposit of at least $3,000 to buy government bonds.
Gets worse, a few years ago we decided to open a new checking account at our savings and loan, to remodel our home. What a circus, we had to convince a manager we were not at middle age drug runners, we had checking and savings but wanted a separate account to keep track of the money we spent on remolding.
Gets worse, a year later some unknown girl calls me that we qualify for free checking because of our bank balance. I could have been anyone, a cleaning woman or a neighbor who answered the phone and I asked her for the balance on all accounts.
Without a beat she gave me the amount of money in all accounts to the penny.
We all have been had, the 401k want people to invest in them and not the government.
At this point I want to insure I will not loose the nickels and dimes in the stock market, but to insure even with all the problems of the world, I may take a loss but I will get my original investment returned.
And beware of the money places you rent, back in the early 60's my uncle put an inheritance into some kind of bank that had a plank outside saying the bank was insured by the government plan. only if the savings instate pays for the insurance.
What do you know a banker ran off with millions and had not paid insurance for the government plan.
What to do, darn who knows but doing something may either get you in trouble or get one out of it.
I saw the atman post and wondered why after high school child not go on if college is what they want insure they can do it themselves .
Kids that come from poor family's that want to achieve do so. Then the front page of local papers showed photos of UNH graduates blowing bubbles at graduation after 4 years of reconciliation studies.
sorry it is a cold snowy night and I tend to get a bit tichie about why parents do not allow their kids to grow up, darn they have had 18 years to teach the kids how to become adult. What's this shit of 26 year old adults able to leach on to parents insurance.
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A HERETIC I AM
DU is absolutely the LAST place to seek investment advice.
Not only that, but YOU are the last primitive in line to be giving advice. I've read your "advice" in the econ forum and you are what is called, in the financial industry, an IDIOT.
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Not only that, but YOU are the last primitive in line to be giving advice. I've read your "advice" in the econ forum and you are what is called, in the financial industry, an IDIOT.
I also think Atman should let his wife handle the family investments, as it's way above his head.
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Not only that, but YOU are the last primitive in line to be giving advice. I've read your "advice" in the econ forum and you are what is called, in the financial industry, an IDIOT.
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Thank God he/she isn't a STOOPID IDIOT.
Atman, sell it all, buy Gold!
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WHAT???? DUmmies don't want to invest in "Hope and Change", "Yes We Can" and all that other leftist verbage....I thought it was a solid investment?....you could bank on it.
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Now wait a minute, don't the DUmmies constantly tell us how great the economy under Obama is? So why is it someone who believes Obama has done a great job is worried about the stock market?
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I also think Atman should let his wife handle the family investments, as it's way above his head.
And, after all, she's the only one earning any money.
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Pedro, DUmp the stocks and buy carbon credits. ManBearPig will love you long time.
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Now wait a minute, don't the DUmmies constantly tell us how great the economy under Obama is? So why is it someone who believes Obama has done a great job is worried about the stock market?
I wouldn't worry about it. Once the stock bubble bursts, they'll find a way to blame it on Bush, The sequester, The Tea Party, and Rush Limbaugh.
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Exactly...soon he will be taking pictures of his cat with the coach purse right beside it.
Will it be a Glock in front of it, or a NoKo-manufacture handgun?