Brace yourself! The U.S. Stock Market May "Crash!" - Page 3 - Mercedes-Benz Forum

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post #21 of 111 (permalink) Old 01-22-2008, 10:53 AM
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One more confirmation why I don't invest in stock market.
I prefer to work for my money and I prefer ME having the control of them.
Than not everything is fully controllable. 6 years ago my house was worth 4 millions in Polish zlotych. This year it is worth only 2 millions Polish zlotych. The price in US dollars went up. You see where this is going?
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post #22 of 111 (permalink) Old 01-22-2008, 10:56 AM
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I heard ever since the great depression the stock market was set up where it could never crash to that extent ever again. Also, and please be realistic, if you had $1,000 and never invested in the stock market which way would you go about it?






3. Paul Hamm, Gymnast: I owe a lot to my parents, especially my mother and father.
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post #23 of 111 (permalink) Old 01-22-2008, 10:59 AM
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1000 is not much for investment. Althought I was buying houses in CA with that much in the bank. But that was several years ago.
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post #24 of 111 (permalink) Old 01-22-2008, 11:01 AM
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Get some balls and invest. Opening an account at TDAmeritrade or E*Trade is easy, gone are the days of high commissions and useless advise. Get educated and work the system.
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post #25 of 111 (permalink) Old 01-22-2008, 01:11 PM
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post #26 of 111 (permalink) Old 01-22-2008, 01:17 PM
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That is what I was thinking Drew. I know some people back in New York that did good for them selves, but they where buying in $50,000 blocks. Since I don't have that much I heard even starting small would do good. I don't trust traditional retirement plans these days, but I figured some stock options and a retirement plan could look decent in 35 years.






3. Paul Hamm, Gymnast: I owe a lot to my parents, especially my mother and father.
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post #27 of 111 (permalink) Old 01-22-2008, 01:18 PM
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Originally Posted by bottomline1 View Post
This is the beginning of the "Clinton Correction".
I'm sure there was a clever linkage to a thought somewhere in your brain when you started typing that. Apparently it escaped before your fingers hit the enter key.

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post #28 of 111 (permalink) Old 01-22-2008, 01:25 PM
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That is what I was thinking Drew. I know some people back in New York that did good for them selves, but they where buying in $50,000 blocks. Since I don't have that much I heard even starting small would do good. I don't trust traditional retirement plans these days, but I figured some stock options and a retirement plan could look decent in 35 years.
At your age, you can simply put the money in savings bonds right now and let them grow until you get a nest egg large enough to move over to an account that pays better. Plan for 25-30 years down the road. Put 10-15% of every pay check away in something stable and you will be fine at the end of that run.

If you start trading now, you might gain 30% on your money, $300 or you might lose 30% and you will have to double your earnings to catch back up. Jumping in when we don't know the bottom or what is moving next is not a good way to start.

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post #29 of 111 (permalink) Old 01-22-2008, 01:32 PM Thread Starter
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Quote:
Originally Posted by slybydesignw210 View Post
I heard ever since the great depression the stock market was set up where it could never crash to that extent ever again. Also, and please be realistic, if you had $1,000 and never invested in the stock market which way would you go about it?
You should not/cannot get into the stock market w/ only $1k. If I were you I'd put it into a fixed income vehicle, at best rate you can find, and when you have $10k then ask again.

Don't believe everything you think
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post #30 of 111 (permalink) Old 01-22-2008, 01:41 PM
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At your age, you can simply put the money in savings bonds right now and let them grow until you get a nest egg large enough to move over to an account that pays better. Plan for 25-30 years down the road. Put 10-15% of every pay check away in something stable and you will be fine at the end of that run.

If you start trading now, you might gain 30% on your money, $300 or you might lose 30% and you will have to double your earnings to catch back up. Jumping in when we don't know the bottom or what is moving next is not a good way to start.
What do you think of these high yield online savings accounts. They say the return is around 5%. My friend is putting about 5% of her earnings in it, but she dropped like 20K in it already. I am not a risk taker. I will have an increase in income which should allow me to put up to 15% per-paycheck. I just don't want to put it some where were Im gonna loose it.






3. Paul Hamm, Gymnast: I owe a lot to my parents, especially my mother and father.
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