okie wrote: I'm glad to know it.
Thomas suggests you hate America when you aren't busy makin money. I would have never guessed that for a place that allows a man to lose a few hundred grand without even losing sleep over it.
Hows the weather in Wolf Hole? You getting any smog and dust from the traffic going to the Grand Canyon Skywalk?
Sorry, dys, I should have said a few tens of grand or more accurately, $40,000. I got to thinking, even dys might not be that rich to do that.
okie wrote:dyslexia wrote:Thomas wrote:parados wrote:Dys, does this mean you are the only librul that isn't on welfare and being supported by okie?
Dys is a limousine librul. The worst kind of them all. Like George Soros, Dys plays the stock market whenever he's not busy hating America. Are the recent stock market troubles all his fault? I reported, you decide.
exactly. I also graduated the 8th grade,
I'm glad to know it.
Thomas suggests you hate America when you aren't busy makin money. I would have never guessed that for a place that allows a man to lose a few hundred grand without even losing sleep over it.
Hows the weather in Wolf Hole? You getting any smog and dust from the traffic going to the Grand Canyon Skywalk?
If one has a million dollars in the market and it rises 20% over a couple months, you have a paper gain of $200,000. Most long term investors leave that "profit" in the market and don't think of it as money in the bank, knowing that it could evaporate at a moments notice. (Umm..remember 9-11?) So you are really only dealing with paper losses, not real money. If you have a lot of money in the market, you have to have a high tolerance for risk.
Roxxxanne, There are ways to modify risk tolerance in the stock market. It usually depends on the ratio between equities and bonds when used as long-term planning.
Today's marketplace is a little different than past ones. Even if one has most of their investments in mutual funds, it's best to make some adjustments when the market is too high or too low. Understanding domestic and international economies also helps us to make better educated guesses.
Playing the market short-term is still a gamble, and I discourage it.
I was talking about the stock market, CI. I was a broker in another life, so I know about these things. Personally, I have been really successful timing the market over the last 15 years, although I have missed a couple of short term bull rallies. When I say timing, I might readjust my portfolio every couple years. I got out in 2000 at the top, got back in after 9-11, rode that until about a year ago when the DJIA hit around 13,000, and I stayed out except I left a small amount of house money in the QQQQ. Due to the fact that I might need to cash in at anytime, my money is in fixed income. I have done really well with GNMAs but even that is too risky right now.
Again, I think we are in a secular (long term) bear market. The recent bull run was clearly counter trend IMNSHO.
Roxxxanne wrote:okie wrote:dyslexia wrote:Thomas wrote:parados wrote:Dys, does this mean you are the only librul that isn't on welfare and being supported by okie?
Dys is a limousine librul. The worst kind of them all. Like George Soros, Dys plays the stock market whenever he's not busy hating America. Are the recent stock market troubles all his fault? I reported, you decide.
exactly. I also graduated the 8th grade,
I'm glad to know it.
Thomas suggests you hate America when you aren't busy makin money. I would have never guessed that for a place that allows a man to lose a few hundred grand without even losing sleep over it.
Hows the weather in Wolf Hole? You getting any smog and dust from the traffic going to the Grand Canyon Skywalk?
If one has a million dollars in the market and it rises 20% over a couple months, you have a paper gain of $200,000. Most long term investors leave that "profit" in the market and don't think of it as money in the bank, knowing that it could evaporate at a moments notice. (Umm..remember 9-11?) So you are really only dealing with paper losses, not real money. If you have a lot of money in the market, you have to have a high tolerance for risk.
The best way to tolerate risk is to diversify your portfolio and re-balance every few months.
Roxxxanne, It's funny that you mentioned QQQQ; I have kept track of that stock from years ago when it was in the low thirties, went up to 44, then down again. I'm not sure where it's at today, because I've been tracking some others like McDonalds, because our son purchased some. It's been doing pretty well.
Heres my contribution, and put as much money on it as the advice cost you, but oil in the ground is not going to depreciate. I do not think energy stocks can miss in the long term. I realize they have risen considerably in the last couple of years, but when is the bottom going to drop out of the price of oil? I doubt it could happen.
okie, I gree; oil/energy prices will continue to escalate, because of the greater demand put on it by China and India. As the Chinese economy grows, they will have a greater demand for energy - from the limited supply source that exists today. The big cities in China are increasing auto traffic like you wouldn't believe, and only a few years ago the majority rode bikes.
okie wrote:Heres my contribution, and put as much money on it as the advice cost you, but oil in the ground is not going to depreciate. I do not think energy stocks can miss in the long term. I realize they have risen considerably in the last couple of years, but when is the bottom going to drop out of the price of oil? I doubt it could happen.
Put your money in buggy whips. As the country grows people will only travel more and need more buggy whips. When is the bottom going to drop out of buggy whips? I doubt it could happen.
Technology could well make oil obsolete. While present oil companies have an advantage with the cash to buy into the new technology, there is no guarantee they will or if they will survive any change in technology.
Roxxxanne wrote:I was talking about the stock market, CI. I was a broker in another life, so I know about these things. Personally, I have been really successful timing the market over the last 15 years, although I have missed a couple of short term bull rallies. When I say timing, I might readjust my portfolio every couple years. I got out in 2000 at the top, got back in after 9-11, rode that until about a year ago when the DJIA hit around 13,000, and I stayed out except I left a small amount of house money in the QQQQ. Due to the fact that I might need to cash in at anytime, my money is in fixed income. I have done really well with GNMAs but even that is too risky right now.
Again, I think we are in a secular (long term) bear market. The recent bull run was clearly counter trend IMNSHO.
Since you've been a broker, you're aware that one can't go wrong with high quality stocks in a portfolio...
Quote:one can't go wrong with high quality stocks in a portfolio...
probably true,
so I have 1.6% in blue chips
10.7 in Fixed income
47.8 in mutual funds
35 in an annuity.
It's a miracle I can afford day old bread.
Your portfolio looks balanced.
Not all that bad for a hick from Wolf Hole, AZ.
Who says you're a hick? Not me...
To be completely honest I did make it past 8th grade graduation but to complete the 9th grade I was required to learn cursive. That hung me up. so I moved to OklaDamnHoma and became a politician where I scraped enough cash to start a career in investment analysis.
So without looking up the data, I think the DOW is up about 6% YTD (not including earnings) It might be a wild and scary ride from some folks but it continues to have direction.
The direction is up, but these wild swings 400+ then 300- are going to give me an ulcer...
