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 Posted: Sat Oct 11, 2008 3:29 pm Post subject: Re: Stocks under 8,000 right now (9:45 am) ..Re: Wall Street |
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On Oct 11, 8:17 am, Stray Dog <sdog2...@sdf.lonestar.org> wrote:
[quote]On Fri, 10 Oct 2008, Vide...@tcq.net wrote:
Date: Fri, 10 Oct 2008 21:00:47 -0700 (PDT)
From: Vide...@tcq.net
Newsgroups: alt.politics.republican, alt.politics.economics,
talk.politics.misc, alt.impeach.bush, alt.politics
Subject: Re: Stocks under 8,
000 right now (9:45 am) ..Re: Wall Street Massacre???
On Oct 10, 5:00 pm, alexy <nos...@asbry.net> wrote:
Vide...@tcq.net wrote:
he just did a good one again.
Do you mean when I pulled one of those tricky traps you can>t figure
out how to get out of (asking you what you meant when you wrote
something)?
Or are you referring to the recent exchange where you claimed an
article said something, I asked you to quote where it said that, and
when you didn>t but switched to another article, I pointed that out?
Yeah, that was a real good one!
or, were you referring to when you told me that you could invest in a
fund that tracked the s&p 500, when none existed in the 1930>s? i am
still dazed and confused from that discussion.
Hi Video,
Don>t you know, haven>t you learned by now that just like those
sneaky-crooky-tricky CEOs who run companies not for the benefit of society
but for the benefit of their wallets, Mr. alexy plays all kinds of
sleazy-slimmy-scummy debating games here on the newsgroups. ;-)
[/quote]
yep, and i think its noticed. his conversations with others, do not
last long. |
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| Posted: Sat Oct 11, 2008 3:34 pm Post subject: Re: Stocks under 8,000 right now (9:45 am) ..Re: Wall Street |
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On Oct 10, 11:43 pm, Bill B <wrongaddr...@att.net> wrote:
[quote]On Oct 10, 6:50 am, "ObKY20" <ObKonOBee...@yahoomail.com> wrote:
"Stray Dog" <sdog2...@sdf.lonestar.org> wrote in message
news:Pine.NEB.4.64.0810101344110.12319@sdf.lonestar.org...
Just looked a minute ago.
Hold onto your 401ks? Man, they>re already gone!
Yes, hold on to them. People who hold on to their investments will benefit
in the long term.
Yes, but what is long term? 20 years? Longer?
I don>t have that many years left.
[/quote]
and that is the reality of the myth of long term investing. if you
are lucky, you can time your life to the top of a bubble, and get out,
but many are not that lucky, and have to access their money in one of
the many bear markets that last 10-30 years, or longer.
as of today, the market is worth about what it was 11 years ago, and
we may need to adjust that for inflation. and on top of that, you have
made no gains in 11 years. you may never see you original principle
again either.
the stock market is not a bank, and a poor place to put your money.
its basically a casino, that is heavily manipulated by free market
hucksters.
thank god for the democratic controlled congress in 1933, and FDR>s
social security. thank god for f.d.i.c. insurance, that was enacted by
the democratic controlled congress in 1933, as well as FDR.
you get nothing but propaganda, and pure luck from the markets.
http://www.cbbwi.com/fdic.htm
The protection of the money we deposit in our bank accounts is
something most of us take for granted today, but this security has not
always been there. After the stock market crash of 1929, thousands of
banks failed. In 1933, Congress and President Franklin D. Roosevelt
created the Federal Deposit Insurance Corporation (FDIC) to provide
federal government guarantee of deposits and maintain stability and
public confidence in the nation>s banking systems. Today, the FDIC
insures deposits up to $100,000 per depositor, per bank, subject to
certain conditions.
of course, for those ready to pounce, the site has not been updated
yet to reflect the new deposit insurance for $250,000.00.
[quote]-Bill
[/quote] |
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Stray Dog
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| Posted: Sat Oct 11, 2008 6:24 pm Post subject: Re: Stocks under 8,000 right now (9:45 am) ..Re: Wall Street |
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On Fri, 10 Oct 2008, Bill B wrote:
[quote]Date: Fri, 10 Oct 2008 21:43:42 -0700 (PDT)
From: Bill B <wrongaddress@att.net
Newsgroups: alt.politics.republican, alt.politics.economics,
talk.politics.misc, alt.impeach.bush, alt.politics
Subject: Re: Stocks under 8,
000 right now (9:45 am) ..Re: Wall Street Massacre???
On Oct 10, 6:50 am, "ObKY20" <ObKonOBee...@yahoomail.com> wrote:
"Stray Dog" <sdog2...@sdf.lonestar.org> wrote in message
news:Pine.NEB.4.64.0810101344110.12319@sdf.lonestar.org...
Just looked a minute ago.
Hold onto your 401ks? Man, they>re already gone!
Yes, hold on to them. People who hold on to their investments will benefit
in the long term.
Yes, but what is long term? 20 years? Longer?
I don>t have that many years left.
-Bill
[/quote]
That is a question that nobody can answer now. Surely the economy will
recover but when and by how much is a guess.
For the record, not too many people know this, but the Great Depression
was world-wide. You can easily find books than make reference to the fact
that in some 60 trading countries in the 1930s all of them went into
declines in their economies by 30-50%. And, you know that lasted ten
years.
If the world economy recovers weakly, then its going to take a long time.
At least the central banks are cooperating with each other to help the
whole thing get better or at least not worse, but it might not be enough. |
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alexy
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| Posted: Sat Oct 11, 2008 7:50 pm Post subject: Re: Stocks under 8,000 right now (9:45 am) ..Re: Wall Street |
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Video61@tcq.net wrote:
[quote]On Oct 10, 5:00 pm, alexy <nos...@asbry.net> wrote:
Vide...@tcq.net wrote:
he just did a good one again.
Do you mean when I pulled one of those tricky traps you can>t figure
out how to get out of (asking you what you meant when you wrote
something)?
Or are you referring to the recent exchange where you claimed an
article said something, I asked you to quote where it said that, and
when you didn>t but switched to another article, I pointed that out?
Yeah, that was a real good one!
or, were you referring to when you told me
No. It was a question of what YOU were referring to when you said[/quote]
"he just did a good one again".
[quote]that you could invest in a
fund that tracked the s&p 500, when none existed in the 1930>s? i am
still dazed and confused from that discussion.
Yes, I>m sure you are. I erred in making the simplification of[/quote]
referring to "investing in an index fund", when as you point out, they
were not available. And I should have realized that you would not be
able to make the mental leap to "investing in the stocks that were in
the S&P (not 500 at the time).
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently. |
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alexy
Guest
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| Posted: Sat Oct 11, 2008 7:54 pm Post subject: Re: Stocks under 8,000 right now (9:45 am) ..Re: Wall Street |
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Stray Dog <sdog2008@sdf.lonestar.org> wrote:
[quote]On Oct 10, 5:00 pm, alexy <nos...@asbry.net> wrote:
Do you mean when I pulled one of those tricky traps you can>t figure
out how to get out of (asking you what you meant when you wrote
something)?
Or are you referring to the recent exchange where you claimed an
article said something, I asked you to quote where it said that, and
when you didn>t but switched to another article, I pointed that out?
Mr. alexy plays all kinds of
sleazy-slimmy-scummy debating games here on the newsgroups. ;-)
[/quote]
Yeah, but I>ve learned to pick my targets carefully, to find the
calibre of mind that find the above two examples to be
"sleazy-slimmy[sic]-scummy debating games"
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently. |
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alexy
Guest
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| Posted: Sat Oct 11, 2008 8:17 pm Post subject: Re: Stocks under 8,000 right now (9:45 am) ..Re: Wall Street |
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Bill B <wrongaddress@att.net> wrote:
[quote]On Oct 10, 6:50 am, "ObKY20" <ObKonOBee...@yahoomail.com> wrote:
"Stray Dog" <sdog2...@sdf.lonestar.org> wrote in message
news:Pine.NEB.4.64.0810101344110.12319@sdf.lonestar.org...
Just looked a minute ago.
Hold onto your 401ks? Man, they>re already gone!
Yes, hold on to them. People who hold on to their investments will benefit
in the long term.
Yes, but what is long term? 20 years? Longer?
I don>t have that many years left.
-Bill
[/quote]
Then you definitely shouldn>t be holding on. While it>s true (or has
been historically) that equity investing provides the best return in
the long run, that comes at a price, known as the risk/reward
tradeoff. If you need that savings for retirement income in the next
few years, you should not be in equities. That might mean you miss a
big stock run-up, but you also protect yourself from a big stock
downturn. For instance, if you are 70 now and have been drawing income
from your savings for the last 5 years, and are still in stocks, you
are sucking wind right now. If you>d started pulling money out of
stocks (gradually) at age 55, you would have missed the 90>s run-up on
some of your funds, but some would have benefitted from the run up,
and you would have missed the recent collapse on all of your funds.
Now, if it>s too late for you to hear that advice, I think you should
be getting out of the market, but gradually, over say a 10-year
period. Obviously, if it collapses further and never doesn>t get back
above current levels for the next ten years, that is bad advice.
Similarly, it causes you to miss out on opportunities if this is
indeed at or near the bottom, and the market starts a recovery from
this point. However, betting on either one is a gamble, while a slow
disinvestment is a strategy to reduce risks.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently. |
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