2011-09-26, 22:30 | Link #16821 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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Senate OKs deal to avoid government shutdown
http://www.reuters.com/article/2011/...78P47720110927 Nevada's big bet on secrecy http://www.reuters.com/article/2011/...78P1Y020110926
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2011-09-26, 23:16 | Link #16822 | |
This was meaningless
Scanlator
Join Date: Jan 2004
Location: Not on this site no more.
Age: 37
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2011-09-27, 00:24 | Link #16823 | |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 67
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2) Investing in single companies.... here's a specific example: we invest in Walgreens, a retail pharmacy. Over the last few years it has dropped in value by half along with the rest of its sector and only started returning this summer before last week's tumbles. $45->$28->$35 ... depending on when you *need* the money, that could be damaging. The stock (like many others) has dropped 30% in seconds without any reason at all (high probability of stock manipulation?) Do you buy? Too late to sell... companies get punished even when they exceed their projections because a Goldman-Sachs analyst wasn't happy enough. Plus, we have options with the company. Those have to be exercised before a given date. With the wild variation in the stock market, you could take a bath just because the date came at a bad moment - pure gambling. Recently, we've had to let options vaporize because the initiation value was higher than the current value... whee. Even municipal bonds and utility bonds are unstable (historically a hugely safe bet and also tax exempt). Savings accounts ~0.99% at best ($10000 or more) CDs ... well if you're okay with the money locked up for 5 yrs ~2.2% What I'm getting at is that unless you operate in values of a million $$ or better - you're probably getting raped every time you twitch.
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2011-09-27, 00:36 | Link #16824 | ||||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Today is my off day! Let's take a look at a few stocks we can lose money with!
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Take a look at the 10-year....Coke has almost doubled it's share price and it would be dumb to buy now. Even Honeywell might make itself a better bet next year if the second dip does really occur. And NEVER, NEVER, NEVER PUT ALL YOUR EGGS IN ONE BASKET. Quote:
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Mark Hulbert has this case-in-point : Commentary: Blaming Greece fails simple reality check Except for their citizens of course (because their government is sitting on a pile of BS and dishing them out). For the rest of us : don't like it, don't buy it. Quote:
But for the rest of us at my age, I say it is stupid if we don't learn how to manage our funds ourselves.
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Last edited by SaintessHeart; 2011-09-27 at 00:50. |
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2011-09-27, 02:41 | Link #16825 |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Depends... in Germany the retirement funds for employees is a PAYGO system. That means technically as a retiree you get a defined amount of the wealth that is generated by the part of the population that is employed and not yet in retirement.
So, the money you get as a retiree is coupled to the current economic success of the economy and the population growth/pyramid. It might be less then you have paid into the system, but it can never be null. So, stocks are essentially just another basket here (either you diversify your eggs in one basket... or you diversify your baskets). Since stocks are just one basket of many (other can be your own house, your certificates of Deposit...) you might be willing to conentrate the little investment that is left for that particular basket into one "egg". In my case it is the company I am working for. I have several reasons to do so, first I trust the size of my company to survive whatever crisis lies ahead, second I have trust in their economic strategy, third I get a certain amount of company shares for half the market price each year, fourth I do not plan to invest more than that amount of mony in stocks (so for me trusting that one "egg" is the most sensible thing to do).
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2011-09-27, 05:57 | Link #16826 | |||
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 36
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Just don't ever sell a stock unless it has some kind of impending doom on the horizon. If it's a growing business hold on to it. Now if these had been borders I would have been looking to get out when that company when I saw how Amazon was taking over, and Borders long term prospects were poor. Quote:
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2011-09-27, 07:03 | Link #16829 | ||||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Then again, nobody knows where the bottom is. Nothing beats doing research - even if you don't buy the stock, at least writing an article about the financials can net you a few visits to your site in the long term. Quote:
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Sensibly speaking, you should. But it is illegal due to the damned Women's Charter.
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2011-09-27, 10:40 | Link #16831 |
Senior Member
Join Date: Jan 2009
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"Honest" trader leaves BBC speechless.
Initially it was thought that it was a all a joke but he seems to be a genuine trader. Wonder if he just said this to scare people. |
2011-09-27, 11:17 | Link #16832 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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when the housing crash back in 08/09 i thought it was great time to make money.
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2011-09-27, 13:26 | Link #16833 | |
廉頗
Join Date: Feb 2004
Location: Massachusetts
Age: 35
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2011-09-27, 13:41 | Link #16834 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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I'ld let Greece go orderly into insolvency, and then use the ECB/IMF to rebuild its economy without other investors' money. I bet that costs only 1/10th of the money and resources that are burned in this game of make something crash to make a profit (typically the losses in the crash - which are public - are far higher than the profits - which are mostly private). This is like when the local building company keeps burning down houses in the neighbourhood to increase their profits.
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2011-09-27, 13:59 | Link #16835 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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personally i thought that should have been the way to go form the start. The Ham-handed efforts at bailing out Greece probably cause more damage to investor/consumer confidence then letting Greece go into a orderly Bankruptcy.
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2011-09-27, 15:15 | Link #16837 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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2. Greece should have gotten out as soon as their economy ran into trouble. 3. Greece NEEDS to able to devalue its currency and it can't do that as a part of the Euro.
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2011-09-27, 15:23 | Link #16838 | |
(ノಠ益ಠ)ノ彡┻━┻
Moderator
Join Date: Mar 2006
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Granted, the Forbes interview isn't that tilted, but already calls are going out that this guy should die, it's a hoax, etc., not to mention that his line about Goldman Sachs ruling the world is going to feed every single conspiracy you can imagine. What he is definitely right about is that no measure of intervention is going to help Europe, anymore than it did the United States. Simply rescuing the financial system isn't going to solve the problem, at this point it is too systemic to be merely bailed out. However "another recession" is a misnomer, for most people it never ended. Should he be listened to? Well, let's just say it's rare to see someone say such things in the open, for obvious reasons.
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2011-09-27, 15:25 | Link #16839 |
Senior Member
Join Date: Dec 2010
Location: Gensokyo
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There's no text to leave the EU actually I believe.
But yes, they shouldn't have entered, their economy wasn't suitable and see the consequence. They can't leave now either since it will show that EU isn't "as one". In short they will have to sell everythiiiiiiiiiiiiiiiiiiing and history showed how it ends up generally. |
2011-09-27, 15:34 | Link #16840 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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Greece doesn't really need to leave the EU but it does need to drop the Euro. As long as it keeps the Euro, it will never be able to fix its problems.
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current affairs, discussion, international |
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