SSF Stocks/Investments thread

[ProgMatinee]

Own what you know and know what you own. Thats my philosphy and wish it was everyone else's.

The market is a freaking jungle right now, no one knows what is around the next bend.

Thats one of the reasons I advocate paying off your home before dabling heavily in the market. You may gain 8% on your stocks, you might also lose 8%. Paying off the house is a guaranteed 4% (or whatever your interest rate is) investment.

That $50,000 you have in the market is at someone else's whim. As a minor share holder you have littlle say on the matter.

At least your home you can do what you please with. Sell it, rent it, live in it.

I'm diversified in the market through mutual funds, but whenever I invest in something specificly, its always for a business that I understand. Coke, Ford, Caterpiller, etc.

 

[gibby]

Finally a nice gold correction going on. May be worth getting into in a couple of weeks or so.

 

[devilof76]

All the pot bangers driving it up, huh? It'll be back.

And I didn't forget your post. Just been busy perfecting my laziness.

 

[gibby]

All the pot bangers driving it up, huh? It'll be back.

And I didn't forget your post. Just been busy perfecting my laziness.

Gotta love market manipulation.

It will be back I'm sure. It's like a falling knife right now, so if I had new money to invest I sure wouldn't try to catch it at this point.

No worries. Hopefully some other people will jump in here from time to time and chime in, as I don't want the thread to die out.

 

[Sweet Rabbit]

what did apple do?

 

[gibby]

looks like it bounced back from the low overnight and this morning. ended the day only down .65% at 373.72. not bad at all.

a little lower in after hours, but not by much.

 

[Sweet Rabbit]

looks like it bounced back from the low overnight and this morning. ended the day only down .65% at 373.72. not bad at all.

a little lower in after hours, but not by much.

I figured it would take a dip til people came to thier senses lol

 

[gibby]

I figured it would take a dip til people came to thier senses lol

yeah, gotta love panic selling.
opps like those don't come along too often on a stock like apple.

 

[gibby]

cnbc is running a special all day tomorrow about the new gold rush, and it looks like it could be informative if you're not familiar with how mining/storing/buying gold is done today.

as an FYI - it most likely won't run all day, but will be spot reporting here and there throughout the day from the different locale's. they might post some of the vid online at cnbc.com if you miss the reporting.

 

[devilof76]

I wonder if it'll be Keynesian or Austrian school...

 

[gibby]

i'm sure there will be an interview with ron paul in there somewhere.

they had mentioned in a report tonight that the gold miners are digging 2 miles beneath the earth's surface for gold, where it's 150 degrees (F)!!!

they run a/c to bring it down to 100. 100 bleepin' degrees.

 

[automaton]

i have been dabbling in online poker companies for the past decade... shady bunch of characters but they know how to promote.

 

[gibby]

i have been dabbling in online poker companies for the past decade... shady bunch of characters but they know how to promote.

it will be interesting to see where that goes if lobbyists push through legalized online gambling in the US. the bigger guys (Wynn, Harrah's, LVS) could either put the smaller ones out of business, or you could see some serious m&a (mergers & acquisitions) activity, which would be good for you.

 

[foolkiller]

I actually like it when the market goes down. I always keep cash reserves, so it's like a sale. I can touch my investments for another 30 years. This stuff is just a blip on the radar.

As far as straight equities go I only own KO, AGNC and MRO currently.

 

[automaton]

it will be interesting to see where that goes if lobbyists push through legalized online gambling in the US. the bigger guys (Wynn, Harrah's, LVS) could either put the smaller ones out of business, or you could see some serious m&a (mergers & acquisitions) activity, which would be good for you.

the companies i have spent time investing in are so shady, i can't see them pulling it off (or perhaps being shady is exactly what is needed to pull it off?). over the last few years, the money is made when the stock is promoted... the money is then ultimately lost as the shares become more and more diluted with no news.

at this point, i think some are happy just being successful keeping this pattern alive.

 

[devilof76]

i'm sure there will be an interview with ron paul in there somewhere.

I'd like to see him debate Paul Krugman. That loon couldn't explain the change in his pocket (Nobel must be making that thing out of styrofoam these days...)

 

[gibby]

I actually like it when the market goes down. I always keep cash reserves, so it's like a sale. I can touch my investments for another 30 years. This stuff is just a blip on the radar.

As far as straight equities go I only own KO, AGNC and MRO currently.

If you're buying on dips, months like August are a great opportunity.

And good diversification, btw! throw in a tech and you've got some excellent coverage in equities.

the companies i have spent time investing in are so shady, i can't see them pulling it off (or perhaps being shady is exactly what is needed to pull it off?). over the last few years, the money is made when the stock is promoted... the money is then ultimately lost as the shares become more and more diluted with no news.

at this point, i think some are happy just being successful keeping this pattern alive.

have you tracked the insider transactions from those companies at all? i wonder if the owners are ditching before the crap hits the fan, then running to another start-up and doing the same.

I'd like to see him debate Paul Krugman. That loon couldn't explain the change in his pocket (Nobel must be making that thing out of styrofoam these days...)

yeah, it amazes me...for a guy that doesn't like politics, he sure acts like one with his dramatic circus act updates on the economy or economic theory.

i wonder sometimes if him and marc faber are long lost brothers.