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A4 |
Yeah I'm stocking up on reserve cash as well; plus I want to have money on hand to finally start enjoying life a little bit.  Right now this market is all about the short quick payoff. Since everyone is up in arms about the state of the world, folks are taking the money as soon as any uptick occurs. Warren Buffett must be laughing his ass off right now.  "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
Actually had to explain this concept this afternoon, so I remembered I never put it here:
Bulls and Bears: You've heard the terms before in the news. A bull market is simply when the market is making big moves UP. People are buying stocks like they're buying economy size packs of toilet paper at Wal Mart thats on sale. You'll see the stock ticker passing on the t.v. screen in the color green. Generally a market is considered a bull if it's rising for about 4 days. A bear market is just the opposite of a bull market. People are running for the hills pulling their money out of stocks. The color red is mainly describing the overall market at this time. This is the time when common wisdom is being preached to buy stocks (after all the stock prices are cheap!). These two terms also are used to describe investors/investing styles. Investors with a "grinning like a moron" mentallity are generally described as bulls; those who are considered "pessimestic" about things are termed as bears. I'm a bear baby.  Because as a very wise saying I read in Money magazine accuratly stated "You make most of your money in a bear market, you just don't realize it at the time."  "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A1 |
I have to agree with the above, with one not so small caveat ... "You Position Yourself to make most of your money in a bear market ..." I say this because as you noted in an earlier post, in stocks investing, with the exception of dividend payments, a stock purchase is neutral until the stock is sold [hopeful after appreciation]. Just fleshing your post out a bit. |
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A4 |
 "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
I don't usually give out direct investment tips. Because if I turn out wrong I get cussed out.
...but something happened today that made make a small exception to my personal rule. If you have a little money somewhere and don't know what to do with it, put some of that green into black...oil that is. I'm talking oil companies and/or oil tankers firms (that stuff has to be transported yanno). I just checked my portfolio because of the recent shut down of the Alaskan pipeline. I knew stocks would be taking a hit behind that but I'm still showing a profit...because of my oil/oil tanker stocks! Thier going to keep raping the public, get a little revenge/satisfaction by getting a piece of the pie. You'll be glad you did. "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
In addition to my above statements, I suggest also investing in banks (which I have done for awhile now) and also into consumer debt..basically credit cards. I'm going to make that move and invest in MasterCard by next week. It's symbol is "MA". Consumer debt is increasing partly because of high oil/gas prices. Get back some of your money from these jokers.
"Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
Alrighty! Who here has been bitten by the "investing bug" and taken a step towards DIY (Do-it-yourself) investing? If you have the last few months of this thread, how are you looking? Making money, breaking even or *gasp* losing?
 "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
^^ Wha??? Fab is the only one?? Nobody else has the stomach for the roller coaster ride we call the financial market??
 For shame people, for shame. Maybe this next topic will ease some fears out there...*see below* "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
Real Estate part II:
You've all heard about the recent downturn in real estate. Home prices are falling, more homes are staying on the market, and foreclosures are increasing. The reason is tied to interest rates. You can take advantage of this if you have a long term outlook. Real estate and interest rates have an inverse relationship; one goes up the other goes down. Now all your experts and talking heads are telling you to get out of real estate, whether physical or equity. Ignore these jokers. The wealthy are'nt listening to them why should you? While the overall market is jumping ship, smart investors are hopping in. Why? Because inventory is high, prices are falling, and speculators are running like roaches from the light. People can't afford thier mortgage payments, losing thier homes, and renters are waiting to buy homes. Businesses that are in leases/renting thier locations are hesitant to buy and own thier own physical outlets. Simply because it cost more to borrow money (interest rates). Buying into real estate now is smart because eventually the Fed will start to cut interest rates. When that happens you will see a repeat of the past 5 years of real estate explosions. People get rich off of real estate when the sell at the maximum value of the property. Remember you don't have to get into the physical property to make to get in the game. REITS are also suffering because of rate increases but I have no problem with that. I can buy more shares for less money, get a very good dividend in return and just sit back and wait until the stock value goes back up when rates begin decreasing. With my current limited time constraints, I don't have the time to looking into tax lien/tax deed sales and auctions, so I've been adding to my Reits. My dividends keep me afloat and I know it's only a matter of time before the Fed reverses itself. When that happens I'm in the money baby. Everything you hear on the talk shows and news is not always straight up. Sometimes you have to act like Robert Langdon and "break the code."  "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
Lets talk about oil shall we?
I'mma keep it real....oil (hence gas prices) ain't going nowhere but up for at least the next two years. Yes, you've all the theories about why oil/gas prices are going up...whats true and whats untrue? Well..it's all true. Shortage? Yes. Republican bullshit backdoor undercover dealings to drive up the price? True. Oil companies manipulating? True. Geopolitces? True. Guys sitting in front of a computer playing the options market bidding up prices as well? True. As I've said earlier..get in on the game. Now you might not get super rich, but you can at least get SOMETHING back from this garbage. I stated investing in tankers but hey go for the oil/energy companies as well. ExxonMobile, Chevron, you name it. Start small and build by buying shares when you can and reinvesting the dividends. Believe it or not, the shares of these companies are not that high when put into context. The current oil game is disgusting to the nth power....get yourselves a little of the profit we are giving these bastards. You deserve it after all. These leads me into my next point. Investing for revenge. Sometimes it's best to buy what you hate. It seems to be more profitable that way.  For example, I hate Citigroup. I mean I destest this company with a hatred that borders on biblical. Some years back, when I was younger and far less wise (lol) I took out a loan from them. In the interim I had gotten married and when things went south, naturally I had some financial bumps to deal with. I paid what I could on the loan and went to them to ask for any relief options until I came out of the woods so to speak. No dice. I mean not only did they say no they were nasty as all hell about it. So I suffered thru as best I could. Then two things happened. I met a gentlemen who got me hip to economics and investing, second (after my divorce) I was caught up in the whole "Enduring Freedom" military operations. This simply means I now had the knowledge and greater income at my disposal. So every chance I got, my free time was spent researching stocks. One of those stocks was Citigroup...I wanted payback for not only the way I was treated but the high ass intrest rate I was paying! So I studied, I watched, and I calculated. Then I poured my extra money into the market...especially Citigroup. Not only was the bank huge and was bringing cash like a harveter, but the dividend payment was (and still is) sweet. We're talking a 4% payout here ya'll..so not only was I investing money into it but the I was reinvesting the dividends to hurry up my increasing value...lets just say that I've made more money from them than I was paying on that damn loan...and now I'm one of the people voting on things like if the board of directors get to keep thier jobs! The old saying is true...revenge really is a dish best served cold...ICE COLD BABY!
"Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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Bad Mother Fucker |
Gambit, what got you started in investing?
I have just scanned this thread, so if you have already answered the Q, I apologize... Peace, AudioGuy ************************************************* "I am African, not because I was born in Africa; but because Africa was born in me" -Anonymous "The cost of Liberty is less than the cost of repression." -W.E.B. DuBois, John Brown 1909 "... can you imagine Doobie in yo' funk??!!" -G. Clinton Sense is far from COMMON! ... The tragic irony here is that a lot of African Americans may not fully recognize the implications of this decision for years to come. Stop by any barbershop, barbeque or church basement in Black America and you will hear – with distressing frequency – that old canard that "integration" ruined the Black community. William Jelani Cobb ************************************************* |
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A4 |
No prob AG..
I've actually been interested in investing my whole life..as a kid I used to bug my mother about stocks and stuff but my immediate enviroment always discouraged me; everyone telling me just get a savings account, stocks are too risky, and things like that. It really brought me down and it was'nt until I was grown, in the military and seeing the world that I discovered means to really focus and study various investing theories and strategies...then my nightmare of a marriage happened and fate seemed to give me the kick in the pants that I needed to "leap into the fire"..and I hav'nt looked back since. "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A5 |
Perfect timing for my ?uestion.....How early do you feel you should teach your children about money/savings/investing? I get in an arguement quite often b/c I believe in starting very early. My daughter (5) has a piggy bank and a savings account. After the piggy bank gets full I let her roll her own $ and we take it to the bank to deposit. She loves it!!!!!!! Personally speaking there is no problem, but I've been told that I am putting "too much" pressure on her. How I don't know........ I also may add that I use her savings to teach her math skills that I hope she will continue to see as a bonus in life. catch ____________________________________________________ Got no love for politicians Or that crazy scene in D.C. It's just a power mad town But the time is ripe for changes There's a growing feeling That taking a chance on a new kind of vision is due I used to trust the media To tell me the truth, tell us the truth But now I've seen the payoffs Everywhere I look Who do you trust when everyone's a crook? Revolution calling Revolution calling Revolution calling you (There's a) Revolution calling Revolution calling Gotta make a change Gotta push, gotta push it on through catch |
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A4 |
ocatch keep doing what you're doing! I can't stress that enough. You're on the right track. I do the same with my daughter (also 5). She enjoys it and even sits with me watching stock news reports on tv and can tell the difference when a stock goes up or down. I get a kick out of it. Don't let anyone tell you that you're "overdoing it"; theres is no such animal. The sooner you start, the more you put in, the more your daughter will get out of it. My kid even has her own stock portfolio that I manage. When college time comes around, I want as little stress as possible on the both of us. LOL
I applaud you and your efforts. Don't change a thing! "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
The benefits of investing (Long term):
I've been throwing theories and advice at you guys for awhile, it's time talk about the enjoyment you should get from the investing efforts. Lets enjoy the gains made shall we? After all, thats the whole point of this. Using myself to illustrate my points, I'm currently taking a portion of my gains and saving to do several things in the up coming months: 1)Since I'm travelling for work, and going to school, I don't get to spend as much time with my daughter as I would like to. So this Christmas, I plan to take my daughter and I out of town, just the two of us, and just spoil her rotten. I mean shop till we both drop; clothes, toys, movies, you name it. Just a few days of ungodly spurging! 2)I posted that I plan to take a cruise next year; my investment gains is how I will be paying for it. Every now and then you have to treat yourself or you'll lose your mind. 3)I'm going to pay to have my mothers entire house remodeled. Fukk it, that's my mommy dammitt, shes getting whatever she wants!  4)I'm keeping more cash on hand to start enjoying life a bit on a regular basis. Does'nt mean I'm not investing, but I'm reallocating my portfolio to increase my on hand cash resources. I have enough gray hairs in my head, I deserve this.  Just a few things to get you thinking about how to enjoy you're money. You worked hard to increase it, take a little bit of it and reward yourself. Notice I said only a little bit of it mind you.  After all you still have retirement to think about....  "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
I love Black Enterprise (and magazines of same bent). Really I do. But I have a problem with the fact that BE et al., tends to primarily focus on real estate and mutual funds; whether its advice, research articles, whatever. Nothing wrong with real estate/mutual funds, but I feel that a more comprehensive investing outlook should be presented. After all stocks and bonds tend to be cheaper than homes (unless you count Google...lol). I've been thinking of writing to Black Enterprise and suggesting that they expand thier investing coverage. I don't know. I realize that we as African Americans have been brought up on the notion that real estate is our best avenue for financial stability/success in this country, but I hate for us to be limited to just one area when they're several methods to increase our money. Awww, I've had a bad weekend, so maybe I'm just trying to find something to rant about. I'll write my "letter" and keep for a time when I'm more in a clearer mindset.
 "Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
Hmmmm, recent Fed meeting indicates the Fed will still keep rates where they are until next month. xxGAMBITxx's prediction: They will raise rates again before the year is out. Get your savings cap on ya'll.
"Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
September. Historically the worst month for stocks. People selling like crazy. Few economic reports to interpret. Just bad for equity growth in general. But, historically, it's a great time to buy. It's also (for me) a great time for dividends. Usually, I just reinvest the dividends as I've stated before and this time will be no diffrent. Shoot, buy stocks at a cheaper price and without coming out of the pocket. I can handle 30 days of pain for the a years worth of gain.
"Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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A4 |
Remember when I talked about my outlook on precious metals? This article gives you insight into the average metals investor mindset..a mindset that I do not advocate at all. I buy gold/silver not as an "investment" but as a form of "wealth protection" or savings. No matter what, gold and silver never go out of style, they just go out of "fad".
Gold, Silver Tumble Most in 7 Weeks
"Knowing is not enough, we must apply. Willing is not enough, we must do."----Bruce Lee "The Tao of Jeet Kune Do" |
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