Re: Anyone investing in stocks?
I don't day trade, but I do work in the industry....
What do you do? Advisor? Analyst? Other?
I almost went to work for the CME and some of the financial firms here in Chicago, but I just couldn't do it. All of my college mates reported back with too many hours and too much stress.
I only know of one person that's still in the game, sadly.
I don't, but I'm considering starting. Buying one less collectible a month, taking things into my own hands an investing in specific firms.
That's a darn good start. Even if you go and meet with an advisor I would recommend that, too. They have insight and research into many things others don't.
If you do have trading questions, though, feel free to PM me.
The irony is everyone said the market would crash if they didn't raise the debt ceiling. Happened anyway. Should have just bit the bullet do the responsible thing and say no more borrowing and let the chips fall where they may.
Personally, I got my monthly 401k investment which I don't plan on cashing for 30 years, so whatever. Any extra money I'd rather get the guaranteed 4% rate of return by virtue of paying my mortgage off faster.
I hope anyone playing games with day trading and such don't have any cc debt and still doing that. That would be dumb.
Well, they said it would sell off if there weren't spending cuts AND the debt ceiling wasn't raised. They gave us one, but the other (spending cuts) they kicked down the road to November. Wall St hates uncertainty, and will use it to no end to sell off the market.
Paying off your mortgage can also be a good strategy. There's nothing wrong with that at all.
I agree with your last statement, as I only work in cash. Unfortunately it also puts me in a disadvantage with the 3-day rule, since most people do leverage themselves to allow them more trading opportunities.