Contour Enthusiasts Group Archives Forums General Common Interests Stocks......... and our economy

What famous trader, who said, "When the elevator operators were talking about the stock market investing they did" when asked, "How did you know when to cash out?", before the stock market crash of the late 20s.

Get a Financial advisor. Leave it to the pros.

Were not to the bottom yet. Unless your a real pro be ready to lose money.

I'll agree with that. From what I can collect, it's going to go down a little more. Then a steady climb. Down another 60 some odd points today. I think this would be a prime time to invest. I should probably start reserching to see what would be a good buy.

If you are doing day trades you are loosing money. As simple as that.

The only possibility for a small guy is to invest and hold. Otherwise you are making the exchange rich.

Do you realize how much a big guy pays for a transaction? I can tell you: 1/2 penny a share if that. Yet, if you look at the performance of the economy (take S&P 500) and compare it w/ performance of an average mutual fund you will see a remarkable correlation. So how comes the pros don't do all that well? Simple, all it boils down to is statistics. What's more remarkable is that if you take two investors, one consistently buying at the local "wrong" moment, and the other consistently buying at the local "right" moment they will bot get to the same point within 10-15 years and that's all that matters to most of us.

So if you take a reasonably diversified portfolio, run your own simple calculations and monitor your risk/return you are not worse than any of the big guys. All you need to do is adjust to slow processes. If the market crashes you are toast anyway.

take a gander: http://www.amazon.com/exec/obidos/ASIN/0...9346484-9507334
I personally haven't got a chance to read it, but it came highly recommended

A "professional money manager" is just a salesman.
It could be cars, stereos or mutual funds; he
doens't give a rat's a*s about you, only making
money from you. Just as with your health, you
are ultimately responsible for your financial
well being so you should learn to do it yourself.
You can't abdicate that responsibilty to anyone
else....well you can, but you risk a lot more
than he does.

Forget about the DJ30, take a look at the individual trend lines of the dow components,,,,
Check out ATT, isn't that a 'orphans and widows'
stock? Straight down, check out HP and Disney too.

...who gets a percentage of the money under management. just how (s)he performs does not matter regardless of how you slice it... well, for some time, anyway, and then they retire