Here is a new one for this board

[StrtRacer98]

Re: Here is a new one for this board

If you don't sell when the market is down, you don't lose anything. All of my investments bounced back in a few years.

Yeah, after talking with him tonight I guess he still has his money in.... and just the kids (my sisters and I) took ours out.

He says it hasnt done much though.. So it hasnt "bounced back" and it's been nearly 7 years.

[youngsc]

Re: Here is a new one for this board

You want good return on your money get into options trading. Know your **** before you start throwing money out there though cause you can lose it real easy. If you go the options route go for leap option calls (greater than 2 years) on everything from housing, and mortgage companies. If you do stocks pick up techs, they're getting decent returns and then there's always standbys like general mills and your grocery type stocks. The best places to invest now and for a long time is your BRIC countries, Brazil, Russia, India and China. Find emerging companies and industries within those and they should hit pretty well. Of course if you have a decent amount 3.5% is acceptable but I would strive for more. Oh yeah, got scottrade account myself.

[SpeedingFirebird]

Re: Here is a new one for this board

401k's FTL, they are supplemental only, not to be used as primary retirement plans.

You have mentioned this before Wes, but I still don't understand why you say this.

Yeah, after talking with him tonight I guess he still has his money in.... and just the kids (my sisters and I) took ours out.

He says it hasnt done much though.. So it hasnt "bounced back" and it's been nearly 7 years.

tech stocks?

[Bird_Of_Prey]

Re: Here is a new one for this board

You have mentioned this before Wes, but I still don't understand why you say this.



tech stocks?

tech isn't a four letter word anymore. Look no further than GOOG to prove that point. They have rallied well and sustained since the bust back around 2000. I'm looking at Activision today. Earnings should be strong with COD4 and Guitar Hero. Make money on things you use. Instead of *****ing about gas prices, buy oil stocks!!!! Long run means free gas!

[SpeedingFirebird]

Re: Here is a new one for this board

tech isn't a four letter word anymore. Look no further than GOOG to prove that point. They have rallied well and sustained since the bust back around 2000.

That's only one company though. True, tech is not as bad as it used to be, but I was trying to figure out what investments have been down for past 7 years.

[Bird_Of_Prey]

Re: Here is a new one for this board

Oh, the airlines, big time. Right StrtRcr?

[prevarications]

Re: Here is a new one for this board

You want good return on your money get into options trading. Know your **** before you start throwing money out there though cause you can lose it real easy. If you go the options route go for leap option calls (greater than 2 years) on everything from housing, and mortgage companies. If you do stocks pick up techs, they're getting decent returns and then there's always standbys like general mills and your grocery type stocks. The best places to invest now and for a long time is your BRIC countries, Brazil, Russia, India and China. Find emerging companies and industries within those and they should hit pretty well. Of course if you have a decent amount 3.5% is acceptable but I would strive for more. Oh yeah, got scottrade account myself.

Yep, those countries are up and coming, especially the 2 former.

I have a 401k with half in international funds in Asia, and the other half in US index funds, all stock based mutual funds.

I also have a Roth IRA that I can buy/sell shares with, for when I spot companies that are in their growth phase...ie, LQDT, VIP, SKNY.

The latter is a OTC stock...not available for trading on Etrade, but supported on Ameritrade.

[Mogobs30th]

Re: Here is a new one for this board

You have mentioned this before Wes, but I still don't understand why you say this.



tech stocks?

Because the overall amount you would receive after retirement from 401k is low, YOU have to put in most of the funds, in which the percentages for them is LOW. Employer might put 50 cents for every dollar you put in every week, up to 10% of pay, but overall is not alot of money. That money should be put into a REAL plan, like an annuity or something of that nature.

401k was derived as a substitution for a real pension. Suckers bought into it, and STILL buy into it everyday. Its is not even close to a real retirement fund. Its junk, worthless compared to what is available.

[FirebirdPhil]

Re: Here is a new one for this board

Another tip for anyone- before you buy into something, put yourself in a scenario where someone asks you why you bought into it. If you can't come up with a good reason, then don't buy in the first place. Know why you make the investments you choose.