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]

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]

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...

[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.

[MarkCO]

FWIW, all of the stocks I own, plus the Mutual funds, are in my 401K, so while I can trade as often as I want (I don't), it is all there for the long haul.

[dwalker460]

FWIW, all of the stocks I own, plus the Mutual funds, are in my 401K, so while I can trade as often as I want (I don't), it is all there for the long haul.

When Obama was elected the first time my wife had moved almost all her 401K from stocks to commodities, and actually gained a little. A good customer of mine was not so fortunate and woke up with his worth almost 40K less virtually overnight...

I used to trade gold and other commodities but the values are being artificially manipulated so for now I am out of gold etc.


Here-
http://www.forexnews.com/external/?i...breaking-news/

[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...