Stock Market

[MarkCO]

Well, it took a digger today (imagine that), down about 2.5%. My minor losses were however offset by one stock I own...Smith & Wesson was up 9.6% today.

[MrPrena]

hammered today.

[Pancho Villa]

Owning stocks in the year of our lord, two thousand and twelve.

Tsk.

[dwalker460]

Owning stocks in the year of our lord, two thousand and twelve.

Tsk.

Really? What exactly is your retirement plan?

[Ronin13]

So I should buy tons of stock now while it dips, then sit on it for about 25 years and hope that one day we climb out of the hole? This might be a good idea. Something tells me that a lot of investors were speculating this election, and those that bet on O to win probably aren't doing too bad...

[JohnTRourke]

Really? What exactly is your retirement plan?

just like everyone else:
Work until I die

at least we're honest about it.

[Ronin13]

just like everyone else:
Work until I die

at least we're honest about it.

That's my plan...

[dwalker460]

I booked a couple grand in currency trading. I no longer really do much with stocks other than longer term investments. Should have shorted a few key stocks last week, would have made a killing today...

[dwalker460]

25 years? Are you crazy?

There are several people who make a solid livign trading the Four- Apple, Google, Yahoo, and Microsoft, which bounce up and down like a yoyo. Takes some education and research, but its not rocket science.

Stock investing is not for the risk adverse or the lazy. Investing in stocks without a knowledge of what the company does, its financial health, and its growth outlook is crazy.

That said, mutual funds, money market accounts, etc. are solid ways of growing your wealth, at least until Obama taxes it to death.

[Ronin13]

25 years? Are you crazy?

There are several people who make a solid livign trading the Four- Apple, Google, Yahoo, and Microsoft, which bounce up and down like a yoyo. Takes some education and research, but its not rocket science.

Stock investing is not for the risk adverse or the lazy. Investing in stocks without a knowledge of what the company does, its financial health, and its growth outlook is crazy.

That said, mutual funds, money market accounts, etc. are solid ways of growing your wealth, at least until Obama taxes it to death.

Sound advice, but I know next to nothing about the SM... I know, I should invest, but with capital gains taxes expected to rise in the next 4 years I don't think I'll really be able to rely on it too much for retirement...