any financial gurus?

[SpasticGramps]

The stock market is fantastic right now, at least for day traders and new investors.

Equities are good right now because the FED is printing money and funneling through primary dealers into the stock market via POMO.

There has mass exodus of retail investor from stocks since the flash crash. The dumb money has figured out the stock market is rigged and has pulled out. The FED is the buyer of the last resort right now. Without QE2.......infinity the stock market would have collapsed. Most intelligent people understand this and know that this cannot go on forever.

The stock market is nothing more than a rigged casino attracting gambling addicts. Getting every last sucker in before the squeeze is over and the fucker collapses.

 

[SpasticGramps]

Speaking of Flash Crash and rigged markets. Look at what the DAX Futures did this morning... Nice little mini-flash crash with no volume. I guess someone's computer program went haywire.

Ouch! Wonder how many people got their face tore off on that one?

 

[SpasticGramps]

Why not to invest in bonds and stocks. Especially, US and Europe.

Following the Fund Flows CNBC

 

[whodair]

ive been exchanging my money for pussy and blow jobs and have been quite satisfied with the results !!

 

[JJScorpio]

I'm not sure why anyone would have been talking people out of buying gold when it was at 500. That's the cost of the dirt.

As for buying at 2000 I can think of other things to let my money grow on. There's a good possibility at some time gold could drop. And if you buy at 2000 and it even goes to 1500 and stays there, laying in a jar underground would look real good.

Another thing I do is buy auction vehicles. On a good one you can double your money. On a bad one you can lose some though..... Craigslist deals are another way of playing around with a small investment. You gotta spend a lot of time looking but it happens. I once found a vehicle for 500 that I resold for 4 grand putting nothing into it but a cleaning.... And I even let triple A tow it home for me for free, lol......

 

[BrainSellz]

whatever it is i would make sure folks can use it....who knows, maybe someday no one will even want the gold....just things they can use...food, water, weed/mushrooms etc. etc....gaining as much "know how" would also be smart, that sure pays for itself in time...mo

 

[mandingo]

if you are still young, invest in yourself. get educated and/or learn some skills that society deems valuable. be a useful individual. save your money and buy shit you like, treasure them. if you are lucky and have reasonable taste those things will become valuable. i wish i still had all my gi joes, comic books and mk1 golf gti

 

[jburns]

im intrigued by all this, im really feeling land,arms, grow your own food, self sufficient and away from the city in more local areas, thats just good living. oh and invest in a mint 5.0 notchback 87-93 rust free 5 speed, cant go wrong.

 

[SuperSizeMe]

I'm not sure why anyone would have been talking people out of buying gold when it was at 500. That's the cost of the dirt.

As for buying at 2000 I can think of other things to let my money grow on. There's a good possibility at some time gold could drop. And if you buy at 2000 and it even goes to 1500 and stays there, laying in a jar underground would look real good.

Another thing I do is buy auction vehicles. On a good one you can double your money. On a bad one you can lose some though..... Craigslist deals are another way of playing around with a small investment. You gotta spend a lot of time looking but it happens. I once found a vehicle for 500 that I resold for 4 grand putting nothing into it but a cleaning.... And I even let triple A tow it home for me for free, lol......

Yeah, see, here's the thing about gold/pm and why it should be part of everyone's portfolio, at any price and especially now.

It's a long-term investment, as most investments are.Nothing else has intrinsic value like precious metals.

Secondly, and more importantly, it's the only real hedge against the current monetary situation we're in.

Quick flip on a depreciating asset, like a vehicle, is just turning a quick buck.Nothing wrong with it, it's just not classified as 'investing'.


Diversification is the key and PM's should be a part of that.

.02

 

[barnyard]

woah Nelly!!!

woah Nelly!!!

slow money is the future

 

[geopolitical]

Invest in waffles. tasty tasty waffles.

 

[BrainSellz]

what am i thinking....gold is green...if i was "white" i would say just call me "greengold" i mean "gringo"....

 

[bentom187]

im gonna make what sounds like a very broad and obvious statment,but stop gambling.you want money just save it, if thats what is valuable to you.

you dont need other people to tell you where to invest YOUR MONEY.

 

[Linenoise]

Just a couple of things I know or have learned over the last 40 years.

First and foremost, NEVER, EVER, EVER but stock in the markplace unless you have insider information. The only people that come out ahead in the long run are people that are in the know. I'm not talking about straight up insider trading, I am talking about just being party to those in the know. The stock market does not operate on logic. Profit can only be obtained from manipulation.

Sure, you might get lucky and make a little money. You might even be real lucky and make a nice little fortune. But you have just as good a shot at winning the lottery. If you are not in the know with specific stock you are just giving your money to the few smart people that are aware of the REAL market influences.

There is a reason that the same group(s) of people make money at the stock market. They are not taking that money out of thin air. They are taking it out of the pockets of amateurs.


Secondly, do not let people tell you that putting your money in the bank is bad. Don't buy into the tripe that inflation destroys your money that is sitting in the bank losing value. Cash on hand has a special power. It is liquid. It can give you instant credit (should you need it). Cash also gives you peace of mind.

There are thousands of millionaires that can't actually buy anything. Why? because their assets are all tied up in stocks. Stocks are only worth pennies to the dollar in credit and don't count for shit in liquid assets. This is also why so many people "worth" millions go bankrupt suddenly.

Lastly, the best investment you can make is to pay off all your credit cards. You want to talk about a drain on your finances? Let's talk about paying 12-15-20-25+ percent interest. You know who else charges that sort of interest? Criminal loansharks. At least the criminals have the decency to break your legs and cut you off when you don't pay. Banks will bleed you dry for decades if you let them.

Oh another good way to maximize your money is to buy in bulk (when feasible). Obviously you can't do that with perishables but with stuff like toothpaste, toilet paper, and other household items. It may not seem like much but when you buy in bulk you usually pay 60 cents on the dollar (sometimes even less) you are maximizing your spending power far beyond anything you can do in the stock market.

 

[Greensub]

There's a lot of good advice here... even when they seem to disagree with each other.

Example... get and maintain good credit Vs. pay cash for what you can afford now.

Both views are valid, but can be combined.

Only buy what you can pay cash for... but buy it with a credit card and pay it off at the end of the month, build good credit... but don't become enslaved to it. Make it work for you, not them!

As for silver... I love it (that doesn't mean I'm knowledgeable about the silver market) but I'm a recording engineer/audiophile/electronics engineer/musician.

As far as electrical conduction goes, if silver is a 1, copper is a .95 and gold is a lowly .75.

Sure gold is pretty and doesn't tarnish, but it sucks as a conductor...

At this point in your life I would say invest in yourself with some education... whatever you're interested in, when you have a couple hundred thousand saved up, find a money manager who has an audited track record that at least shows what they've done in the past... although that doesn't guarantee they'll match that in the future.

AND FOR GOD'S SAKE, STAY OUT OF BONDS, THEY'RE PROBABLY THE NEXT BUBBLE RIGHT NOW!!!

PS...AUDITED!!! NOT SOME WEAK ASS THEORETICAL EXAMPLE ACOUNT!!!

 

[stony2]

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/12/28_Rob_Arnott.html

awesome interview that i think goes well with this thread. the guy oversees 50bn and it seems he knows what he is talking about. gives his view on the whole of the economy and different investments

 

[Greensub]

http://www.compak.com/new/compak1/frame2.asp

I like this guy a lot, he's on the radio in my area... great guests, great analysis... Has a good audited track record. I don't have enough money to invest with him though. He's available though on the west coast (based out of Irvine CA) even if you only have a couple hundred thousand to invest he'll manage it.

 

[cfo]

Any 20 years old out here have the cash to be investing in gold? Congratulations! You're way ahead of the game.

Haters...my advice was given to a 20 yr. old asking for advice. My bad for assuming he's like most 20 yr olds, financially speaking. When I was 20 yrs old, I could barely afford gas for my car. Pretty sure I would've told anyone to get fucked that told me I should be investing in gold at that age. My advice to the 20 year old was not intended for people with a lot of cash to invest.

Another thing I want to clear up...I don't give financial advice in my job. I don't sell stocks, bonds or mutual funds, nor does my company. I used the term financial industry for a reason. It's vague and could be a number of different things. So, when you say things like "guys like you", I'm pretty sure you don't know me or what I'm about. I'm not paid by commission either.

One thing I have learned over the years is to scutinize carefully advice from anyone who claims to definitely know what the market is going to do.

 

[cfo]

which is it?

which is it?

Your earlier post was this: "She gets it. Good advice for the next couple of years. Forget about stocks, bonds, and anything paper. It's all crap. You will lose your ass."

So, are you a stock/bonds fan or not?

Why not to invest in bonds and stocks. Especially, US and Europe.

Following the Fund Flows CNBC

 

[ibjamming]

So...did anyone take my advice on Monday? I mentioned AGQ...it went up $10 yesterday. Each 100 shares = $1000 profit!

I expect it to get beaten down today...wait for it...

Oh...if you lose...it's not my fault!