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crazy_arcade
Joined: 05 Nov 2006
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 Posted: Sat Dec 06, 2008 4:06 pm Post subject: Do you invest? |
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I'm looking at doing more with my money and I think that right now is a good time to buy (possibly). Anyone big into investing?
I did a bit during the dotcom era while I was in university but have chosen to simply keep my money in a high interest account.
Any advice for a newb?
Two companies I'm looking at :
Teck-Cominco - Traded at $52 last year and is currently around $4, people say it will go back up.
Zenn - Developers of an electric vehicle. They've partnered with Eestor who say they're developing the longer lasting electric car battery. |
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Sat Dec 06, 2008 8:31 pm Post subject: |
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EEStor is looking like one of those things which is always just around the corner. Even if the technology works, there's no guarantee that another thing won't be better.
I invested 45k NZD in an Australian index fund in Feb. It's down 35% or so. Ouch. The money was an inheritance. I'm sure that it will bounce back up in time (I have a 30 year horizon for it) so I'm not too concerned as I've effectively bought a slice of the Australian economy. I do wish that I'd dollar cost averaged though. |
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Sat Dec 06, 2008 8:32 pm Post subject: |
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EEStor is looking like one of those things which is always just around the corner. Even if the technology works, there's no guarantee that another thing won't be better.
I invested 45k NZD in an Australian index fund in Feb. It's down 35% or so. Ouch. The money was an inheritance. I'm sure that it will bounce back up in time (I have a 30 year horizon for it) so I'm not too concerned as I've effectively bought a slice of the Australian economy. I do wish that I'd dollar cost averaged though. |
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crazy_arcade
Joined: 05 Nov 2006
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| Posted: Sun Dec 07, 2008 7:46 am Post subject: |
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See, that's my problem. I don't even know what something like an index fund is. I don't even have a proper grasp of what a mutual fund is.
I know some of the basics...but not enough. |
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Kimbop
Joined: 31 Mar 2008
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sun Dec 07, 2008 9:44 am Post subject: |
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All right, n00bians. Saddle up.
I have spent most of '08 following markets. Sometimes eat, sleep, etc.
Recession and Depression are freshman level BBA terms.
What we are witnessing is the Disintegration of the global economic system.
I got out of all stock holdings. In phases and not soon enough.
Clinging to some hope that the Ponzi scheme still had merit.
I was wrong. One of the sheeple.
I would not make any kind of decision about my financial future in times like this.
Get out of any debt, money markets, 401k, etc.
Buy gold and silver if/when you can find any.
Stockpile non-perishable foods, water, necessities.
Yeah, commodities will fare well, but for me, I couldn't live with the fact as my wheat, soy, corn rise in value, someone somewhere starves because the price went up.
You need to look here: http://famguardian.org/TaxFreedom/Forms/Discovery/Deposition/WhyYouAreHere.htm
Also: http://www.zeitgeistmovie.com/
Watch the Addendum version. Both are full versions. Sorry, no Korean subtitles.
EDIT: In fact, the older version is available with subtitles: HERE.
Last edited by mole on Sat Dec 20, 2008 8:01 am; edited 1 time in total |
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zappadelta
Joined: 31 Aug 2004
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| Posted: Sun Dec 07, 2008 2:18 pm Post subject: |
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Here's a good site that defines investing terms and gives some advice.
http://www.investopedia.com/ |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sat Dec 20, 2008 7:52 am Post subject: |
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How's the investing going?
Where'd that "P" word come from? |
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Thunndarr
Joined: 30 Sep 2003
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Sat Dec 20, 2008 5:43 pm Post subject: |
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| mole wrote: |
All right, n00bians. Saddle up.
I have spent most of '08 following markets. Sometimes eat, sleep, etc.
Recession and Depression are freshman level BBA terms.
What we are witnessing is the Disintegration of the global economic system.
I got out of all stock holdings. In phases and not soon enough.
Clinging to some hope that the Ponzi scheme still had merit.
I was wrong. One of the sheeple.
I would not make any kind of decision about my financial future in times like this.
Get out of any debt, money markets, 401k, etc.
Buy gold and silver if/when you can find any.
Stockpile non-perishable foods, water, necessities.
Yeah, commodities will fare well, but for me, I couldn't live with the fact as my wheat, soy, corn rise in value, someone somewhere starves because the price went up.
You need to look here: http://famguardian.org/TaxFreedom/Forms/Discovery/Deposition/WhyYouAreHere.htm
Also: http://www.zeitgeistmovie.com/
Watch the Addendum version. Both are full versions. Sorry, no Korean subtitles.
EDIT: In fact, the older version is available with subtitles: HERE. |
Following this advice will lose money everytime. By the time it's obvious the market's gone down it's too late. And if we all go into gold: Boom gold bubble.
If you want stability put it in the bank. Otherwise indexes. You'll do ok longrun. If you think the world's going to end, then invest in guns and bullets. |
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maingman
Joined: 26 Jan 2008
Location: left Korea
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| Posted: Sat Dec 20, 2008 7:33 pm Post subject: ,, |
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OP
yes when it gets cold
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sun Dec 21, 2008 8:46 am Post subject: |
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Thank you, Thunndarr, for that link. First scan, kinda hokey, but I'll read it.
I am preachy, but welcome dissenting views.
I DO hope I can look back some day and call myself "chicken little."
And the sky didn't fall.
| OneWayTraffic wrote: |
| mole wrote: |
All right, ...
What we are witnessing is the Disintegration of the global economic system....
Get out of any debt, money markets, 401k, etc.
Buy gold and silver if/when you can find any.
Stockpile non-perishable foods, water, necessities. ...
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Following this advice will lose money everytime. By the time it's obvious the market's gone down it's too late. And if we all go into gold: Boom gold bubble.
If you want stability put it in the bank. Otherwise indexes. You'll do ok longrun. If you think the world's going to end, then invest in guns and bullets. |
True. I lost money by staying in longer than common sense dictated.
And we can't all go into gold, because shortages are such that even reputable dealers like APMEX.com are charging astronomical premiums over spot.
Perhaps tinfoilery, but rumors do circulate of a COMEX default, for example here at Meltdown 2011.
Bank? OK> Do you still feel like a bank is a money machine?
Or are you awakening, hence Zeitgeist
The trust in fiat currency, a Ponzi scheme itself, is eroding.
About a year and a half ago, someone sat me down, showed me the S&P500 30 year prior history. Basically 7% average annual growth long term is reasonable, and good. So I was told.
I set up an account with Morningstar.com to track my little portfolio of Vangaard ETFs.
For whatever reason, I never started pumping capital into it, but Morningstar's still tracking that ghost portfolio.
Down 37% since purchase, 41% YTD. I believe it would take years (decades?) of comfortably conservative 7% growth to recoup this devastation.
Whenever a guest on mainstream financial TV (Bloomberg, MSNBC) goes off about how mathematically there can be no recovery,
the person gets cut off and those clips aren't the ones replayed throughout the day.
Guns and bullets make sense. Defence obviously and you can hunt food.
They're included in necessities above.
ADD: Here's some light reading for bunker-digging break time. |
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samcheokguy
Joined: 02 Nov 2008
Location: Samcheok G-do
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| Posted: Sun Dec 21, 2008 4:34 pm Post subject: |
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Gold standards do exist because most nations have gold reserves. Thus the value of the currency is equal to international confidence which is partially supported by gold reserves. For example it is unlikely that the swiss franc will EVER fall in value to the levels the won is capable of. The Dollar, Euro, Pound, CHF, and Yen, are all relatively hard currencies. Sure you might lose money in the short run, but the odds of any of the above currencies being worthless is about 0.
-The most volitile currency is major use is the Russian Rouble, never, ever invest in Russia, unless you have the cash up front. As inflation in russia was close to 10% banks issued mortgages at almost 20%. So although one could make money on a russian investment would could not rely on Russian credit. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sun Dec 21, 2008 6:04 pm Post subject: |
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| samcheokguy wrote: |
| The Dollar, Euro, Pound, CHF, and Yen, are all relatively hard currencies. |
About as hard as a digital cyber byte. Or paper.
Worse than that, really, as each fiat unit is an irredeemable I.O.U.
http://www.iousathemovie.com |
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Sun Dec 21, 2008 7:14 pm Post subject: |
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| mole wrote: |
About a year and a half ago, someone sat me down, showed me the S&P500 30 year prior history. Basically 7% average annual growth long term is reasonable, and good. So I was told.
I set up an account with Morningstar.com to track my little portfolio of Vangaard ETFs.
For whatever reason, I never started pumping capital into it, but Morningstar's still tracking that ghost portfolio.
Down 37% since purchase, 41% YTD. I believe it would take years (decades?) of comfortably conservative 7% growth to recoup this devastation.
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Well that 7% annual includes both times when the market dives 35% in a year and years when it roars up 100% in 2-3 years. The 7% is an average. Now at 7% average your portfolio will be back up in 10 years or less. Of course many people didn't invest directly before the crash; they've been in the market longer. If you were to take the trough of 2002 as a starting point then the portfolio isn't down, it's merely gone sideways. And it's always possible that we'll see the market back up much sooner.
I have a 30 year time horizon for my fund investment. I don't need the money until retirement and maybe not even then. Over 30 years gold, bonds and cash are guaranteed to underperform stocks, at least over any historical period of 30 years. Your argument bascially is that "this time it's different." Over my 30 year time horizon, this crash will average out to less than a 1% per year performance hit, than if I'd been able to predict and avoid it. And if I could predict and avoid things like this, I'd be getting millions a year from investment banks. |
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