Time to get in the market, in my opinion.
This is a great time to put 100K+ in the market for a LONG TERM INVESTMENT - that is, if you can hold for at least 3 or 4 years in the red. If you need the money a year from now, don't get in, because it may go lower in the interim.
The S&P is at 815, with Dow down around 180 at time of writing.
See the long term S&P chart here.
See the support at the level from May 2000?
Take that into account with the fact that sentiment couldn't be much more negative than it is, and I'd say this is the place to buy. Remember that more negative the sentiment gets, the more bullish it is to buy stock because it means most everyone has sold their stock and very few people are willing to buy, which means that the extreme pessimism is now priced in. If you buy when people are happy and optimistic you're just not going to get a bargain price. This is the time to exploit the fears of the masses.
If you have cash for a long term investment, I would put it in here (And i have). If you don't have the stomach for it, put in half of it then put the other half in if we breaks this level and drop another 10-12%. You have to be willing to stomach this short term loss and stay in if the improbable break (true break, not false breakdown) of this level does happen, but if you have a multi-year time horizon I think you'll make some decent money. This is not a short-term trade (but not extreme long-term either, because I think another recession after the recovery is in the cards, so you'll need to take your profits). I don't recommend picking individual stocks for this but buying index funds, for example SPY which is the whole S&P 500 - unless you're very experienced and knowledgeable in the market.
(I am a registered stock broker. This is a recommendation, not a guarantee or promise of returns).
Good
Sold to you!
Stock brokers tend to talk about buy and hold to prevent their clients from leaving the market after disappointing losses. What surprises me is that you would do it with your own money.
Buy and hold only makes sense if you know how to pick specific stocks for long term performance. The S&P companies in general are not at all healthy, and many may actually go to zero in the next couple of years.
The trouble with picking stocks is that right now it's nearly impossible to find out if the numbers in a corporate balance sheet are accurate or fictitious. Also, I will not put my money in a market whose rules change overnight due to the government's interference.
I will buy when there's blood on the streets.
I've been buying silver, but
I've been buying silver, but took a tip from Jason Hommel and bought $500 of this silver stock back in December @ .03 a share, it hit .13 today. Canadian company with mines in Mexico.
http://finance.yahoo.com/q/bc?s=SEG.TO&t=1y&l=on&z=m&q=c&c=
"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson,
1828
“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams
I'd Wait Until...
It gets down to around 3500...
Revolt For Freedom !!!
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Revolt For Freedom !!!
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The only way I would invest
The only way I would invest in a company right now would be to purchase one of their products.
Buy a Ford and Ford makes money.
Problem is I already have a car and don't need one right now. I guess I could park it in my garage until I do need one, which would probably be a better investment than buying Ford stock right now. Other than that I will stick to farming.
grant
I like both your and jzneffs
I like both your and jzneffs reasonings, but feel you are a needlessly reckless. Debt to GDP economy wide is still extremely high, so there's still a lot of leverage to squeeze out of the system to return to historically supported levels. And this will depress _some_ assets going forward.
At the same time, this squeeze may well not come out of equities, as most of the financials are pretty much already worthless, and the firms still retaining meaningful downside are less directly dependent on leverage for earnings. Even so, if deleveraging results in continued activity declines, which it will to at least some extent, earnings across the board will remain weak, depressing shares.
As equities are the ultimate forward lookers, they could still start growing well in advance of any real bottom, so I'm not saying I think you're crazy or anything. Merely that I suspect whatever rises does occur will be slow and sporadic enough so one will not lose out much by staying out for a bit longer to see how things play out; in the meantime avoiding the risk of another 30% downleg, which could well come this summer / fall, should both spring and summer's earnings come in surprisingly weak, or something nasty and unprecedented like a euro collapse, an Iran / Israel conflict or a disintegration of Mexico or Pakistan happen.
As a fellow Ron Paul advocate and supporter,
the assumption is that we all have a common ground and shared interest in personal freedom and liberty. This is why your opinion can be voiced and we have the choice to make our own decisions. My opinion is that you are speculating and might get lucky on some temporary spikes in the market, but would be wise to wait until a much more realistic bottom has hit.
Reality in staring us all in the face and the global implosion is just getting started. The fundamentals are horrific and unraveling daily making the potential downside almost assured until the numerous bubbles that are just starting to hit occur. Commercial real estate, student loans, auto loans and trillions of derivatives still unaccounted for. Are you paying attention to the massive fraud and settlements like UBS is making right now? Inventories accumulating worldwide of goods and products which are not going to suddenly be purchased. These inventories have brought production of new cars, etc. to a virtual standstill. Where do you think real growth can occur? The only upside is most likely a temporary infusion by speculators like yourself that if you get lucky and sell before it plummets again, you might just make a buck. GOOD LUCK and like I said in my previous post, you are welcome at my soup kitchen when the SHTF.
beephree
I mean wow..
Please ...do tell, what brings you to the Daily Paul? Honestly.
Find out if you have a local militia - http://www.uaff.us/
Real Patriots for 9/11 truth -- http://patriotsquestion911.com/
I'm a Dr. Paul
supporter.
-------
The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul
What about Dr. Paul do you support?
He's big on investing in gold as well as following the Constitution.
What's big in your eyes about Dr Paul.
Find out if you have a local militia - http://www.uaff.us/
Real Patriots for 9/11 truth -- http://patriotsquestion911.com/
I support nearly all of his
political and economic philosophy. I support his view that the government should follow the Constitution too.
I like Ron Paul because he agrees with me that freedom works, so we should have as much of at as possible.
About gold, Dr. Paul got in gold a LONG TIME AGO. He's sitting on some major profits. If he were to advise against buying stocks today, I'd have to disagree with him.
Why do you ask?
-------
The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul
I recently got into the
I recently got into the market for the first time. I don't have anywhere near 100k to devote. Dropping the K from that figure is more in line with what I have to invest.
I've been trying to locate things that are cheap and look promising and will hopefully go up in the next few years. Specifically I'm looking at mining stocks. NJMC just announced yesterday that they had drilled new holes that will open up tons of new material including Copper, Silver and gold. Currently their stock is only $0.20
http://www.tradingmarkets.com/.site/news/Stock%20News/2184595/
http://www.msnbc.msn.com/id/29257939/
I bought $200. Like I said, I'm new to all this. This is the 2nd stock I've ever purchased. About a month ago I also purchased a few hundred shares of Ford. I realize this is a gamble but should Ford be able to turn themselves around, I should be able to make a little money from their low priced stock.
Any seasoned traders have any opinions on my purchases so far? Dr. Paul has many investments in mining companies and with the price of metals on the up-and-up, I figure that can't be a bad bet.
Thanks for your sales pitch but,
,,,I'll stick to buying Gold, since I've made an annualized 16.3% profit over the last 8 years.
http://goldmoney.com/en/commentary/2009-01-02.html
beesting
As Buggs would say "WHAT A
As Buggs would say "WHAT A MAROON!"
"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson,
1828
“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams
A 3 bedroom suitcase
is what you'll be living in. Either your new to this site or you just do not get it. Your playing against an unfair team (federal reserve through JPM, Goldman Sachs, Bak of New York Mellon, etc,.), with unlimited funds. The only cheap or as you would call bargain priced investment out there is left for the suckers (gamblers) who are looking for a quick buck. Take your 100K and store (true wealth) it in Silver or Gold. Last time I looked, one ounce was still one ounce. You cannot create true wealth out of sin (debt), you might as well give up trying.
The more that say it's a bad idea the more it reinforces
that I think I'm doing the right thing. This is exactly what I'm banking on. Mass pessimism is priced into the market.
-------
The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul
I've saved your page here:
http://i136.photobucket.com/albums/q167/jshowell/flamesopini...
Let's all save this picture and refer to it next year. Thank you flame for supplying us all with good comedy.
Be the change you want to see
_ _ _ _ _ _ _ _ _ _
Start getting freedom today by dumping Federal Reserve Notes, Stocks, Banks and anything made outside the USA. Buy precious metals, real estate, businesses, food and guns and get your business community to use local or sound currenc
I"ll probably be up a year from now, but note that I said
that was for an investment for at least 3 or 4 years. I said if you needed the money within a year then don't do it. We could be lower a year from now. This investment is for people with deep pockets that are willing to take a hit (which in the improbable event that it happens I think it would only be 10-12%) and hold on for several years, not for pikers.
-------
The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul
Yup
The stock market in Zimbabwe has done fantastically well the last couple of years. The US market is destined to do the same for exactly the same reason.
Really, don't you understand that the entire world monetary system is collapsing? You think this is just another bull market? You are in for a shock.
haha
wait 3 to 4 years for a single digit return or six months to double your investment in gold (that's 100% return)?
I get it, you think this is like the Rothschilds takeover of the British Stock Market after France fell to England. Guess what? That records been played and its a whole new ballgame.
This crisis is global and all currencies are set to fall. If you think buying up stocks on companies that are being nationalized will give you some protection then guess again. Once they're nationalized the stocks will be given back to their shareholders for a pittance and all your wonderful stock picks will be wards of the state.
So buy up all you can, if they don't go bankrupt due to the collapse of the currency they'll be snatched up by mega global companies and "nationalized" (which means all profits go to the owners of governments).
Be the change you want to see
_ _ _ _ _ _ _ _ _ _
Start getting freedom today by dumping Federal Reserve Notes, Stocks, Banks and anything made outside the USA. Buy precious metals, real estate, businesses, food and guns and get your business community to use local or sound currenc
Remember there is a much higher capital gains tax
on gold. 28% of your return you're going to have to turn over to the government.
-------
The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul
That would be on a short term capital gain only.
You sir, must be getting desperate to go fishing for customers on a Ron Paul blog.
beesting
I'm not looking for customers.
I'm a trader. I'm not working as a broker. I have a "registered representative," which requires me to tell people that I'm not guaranteeing a return or I can lose my license. I'm just giving people here some advice instead of being sucked into the herd mentality which isn't going to make them money.
-------
The Fed is not a private bank. PRIVATIZE THE FED!!!
"The Federal Reserve Banks should simply be regarded as governmental agencies." -Murray Rothbard
"I now call the Federal Reserve the fourth branch of government." -Ron Paul
only if the coins are held
only if the coins are held less then 1 year.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
that's why you convert your 401k
to a self directed IRA. go to http://www.infowars.com/midas/ to learn more.
Be the change you want to see
_ _ _ _ _ _ _ _ _ _
Start getting freedom today by dumping Federal Reserve Notes, Stocks, Banks and anything made outside the USA. Buy precious metals, real estate, businesses, food and guns and get your business community to use local or sound currenc
What Will The Dollar Be Worth
after what the Obama Government is spending. Your dollar today will be worth 5 cents in about 5 years.
TheKingIsComing
A Better Place To Put That $100,000
You will be money ahead if you put it in Gold.
TheKingIsComing
I heard this on FBN, and it made a lot of sense
A. There will be another bull market, eventually.
B. Bull markets last anywhere from 5 to 15 years.
C. You don't have to time your purchase with the bottom.
D. Timing the bottom is very difficult and can be a roller-coaster ride.
E. If you can't handle a roller coaster, wait until the bull market is in full swing, because there's still plenty of potential on the upside. If you wait 6 months after the bull market starts, you still have 4 1/2 - 14 1/2 years of upside to go before a top.
There could still be a long way to go to the bottom. Bottoms are U-shaped, not V-shaped. In other words, we have to live at the bottom for a while before it starts going up--not just one day.
I think I'd have more fun in Vegas.
At least I would get a comped room, and a bottle of champagne for my losses. Maybe even a hooker. J/K
★★★★★★
The 2nd amendment.
The ORIGINAL Homeland Security
http://www.ronpaulbrochure.com/
http://www.dailypaul.com/donate
lmao! you go ahead and do
lmao! you go ahead and do that!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Good thing it is just your opinion
Let me know if you need directions to my soup kitchen when you are homeless.
beephree