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spyro25
Joined: 23 Nov 2004
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 Posted: Thu Oct 23, 2008 10:25 pm Post subject: KOSPI below 1000 - whens the time to invest? |
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| anyone wanna predict when the drop will bottom out? it is under 1000 for the first time in a long time today. thinking of investing soon, but i would like some suggestions as to what number it will bottom out on! |
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marlow
Joined: 06 Feb 2005
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| Posted: Thu Oct 23, 2008 10:34 pm Post subject: |
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| My guess is it will be below 100 by Christmas. |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Thu Oct 23, 2008 10:35 pm Post subject: |
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My crystal ball says "833 points".
Wait a minute... No, it actually says "Made in China". Sorry. |
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blurgalurgalurga
Joined: 18 Oct 2007
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| Posted: Thu Oct 23, 2008 10:38 pm Post subject: |
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| You'll never go broke investing in booze and handguns and religion. Surefire bets in times of economic crisis. |
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nate2008
Joined: 10 Apr 2008
Location: Daegu
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| Posted: Thu Oct 23, 2008 10:38 pm Post subject: |
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| JongnoGuru wrote: |
My crystal ball says "833 points".
Wait a minute... No, it actually says "Made in China". Sorry. |
LOL |
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victorology
Joined: 10 Sep 2007
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| Posted: Thu Oct 23, 2008 10:44 pm Post subject: Re: KOSPI below 1000 - whens the time to invest? |
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| spyro25 wrote: |
| anyone wanna predict when the drop will bottom out? it is under 1000 for the first time in a long time today. thinking of investing soon, but i would like some suggestions as to what number it will bottom out on! |
It depends on how much cash you have laying around. If you have a lot, I would begin to allocate some of it into the market. I think this recession is going to be around for a while so even at these prices, you don't want to put a big percentage in. I would accumulate slowly. |
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madoka
Joined: 27 Mar 2008
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| Posted: Thu Oct 23, 2008 11:46 pm Post subject: |
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If you had bought $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With MCI/Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Miller Genuine Draft (the beer, not the stock) one year ago, drunk all the beer then turned in the cans for the 10-cent deposit, you would have $214.00.
Based on the above, 401KegPlan.com's current investment advice is to take that $5.00 you have left over and drink lots and lots of beer and recycle.
http://401kegplan.com/keg/ |
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