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  1. bhagen7 bhagen7 is offline

    Madison, WI
    United States

    Posts: 928
    Joined: Feb 06

    Mar 17th, 2009 (3/17/2009 10:56pm)

    Anyone else pour their money in to the stock market the last month? I bought most of my stocks in early march, which could possibly be the bottom. Only 2 out of my 14 I bought have lost money.

    Question: how much should a person in their early 20's really be investing? I recently put about 30% of my money into the stock market, and right now it looks good, but should I be taking on this much risk? Scottrade just seems like a full tilt account it even has refer-a-friend bonuses, I just dont know if I should have stuck 30% in? (I have diversified with 50% of it in pretty safe stocks)
  2. amymarie1967 amymarie1967 is offline

    Columbus, OH
    United States

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    Mar 17th, 2009 (3/17/2009 11:31pm) in reply to bhagen7

    Is that money needed to pay bills/buy groceries?

    How long before you think you'll need that money?

    How much are you willing to lose?

    Right now the stock market is much like poker- you do your homework, you put your money in where you believe it to be good, and watch where the cards fall. Sometimes you win, sometimes you lose. I've done pretty well the last month or so, actually recovered all the losses I had in the fall, plus about 20% right now. But I played it agressively, as it wasn't my retirement account. I know others who were a bit more cautious, lost a bit less ( I was down almost 50% at one point) but haven't made their money back as fast.

    I use Scottrade for my personal account. They've always been pretty fair imo.

    *edit*

    As far as how much should you be investing? Most "experts" say right now is a GREAT time to get in the market. Look for undervalued stocks. Just make sure you don't need immediate access to that money. Even though the market is down almost half from it's peak, it still could drop lower. Nobody can say for sure. Odds say that if you can wait 5-10 years you have an excellent chance of doubling up-or better.
  3. Mr Galt Mr Galt is offline sister-in-law's a ho

    Overland Park, KS
    United States

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    Mar 17th, 2009 (3/17/2009 11:40pm) in reply to bhagen7

    if you look back a couple weeks ago i posted that long-term investors should be considering getting in/back in. the equity markets outperform over just about any 30 year period you can look at. if you are saving for retirement and can handle some volatility without losing sleep or hair then you should consider putting a larger percentage into equities.
  4. Tread Tread is offline

    Vaduz
    Liechtenstein

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    Mar 17th, 2009 (3/17/2009 11:47pm) in reply to bhagen7

    <BLOCKQUOTE> <TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=P5_Quote_Author> Tread:</TD><TD></TD></TR></TBODY></TABLE> <BLOCKQUOTE> <TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=P5_Quote_Author> resilient:</TD><TD></TD></TR></TBODY></TABLE>
    Shorts are getting squeezed, market has to bounce at some point to clear out the oversold techs and excessive shorts. Could go up to near (gasp) 7,000 on the Dow even!!!

    LOL at this being the bottom...

    </BLOCKQUOTE>

    ORLY?
    </BLOCKQUOTE>
  5. mkm44 mkm44 is offline

    Montreal
    Canada

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    Mar 17th, 2009 (3/17/2009 11:47pm) in reply to Mr Galt

    I think I missed the TRUE bottom, but I have a feeling we aren't out of the clear just yet.

    Next sell off I'm jumping all over AIG, BAC and Citi.

    To go with the Sirius I picked up at $0.07/share.
  6. Seykota Seykota is offline

    TX
    United States

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    Mar 17th, 2009 (3/17/2009 11:50pm) in reply to Tread

    I'm on Ressy's side on this one. We'll see....
  7. amymarie1967 amymarie1967 is offline

    Columbus, OH
    United States

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    Mar 17th, 2009 (3/17/2009 11:52pm) in reply to mkm44

    I think the financials are set up for some real good short term gains. I ran BAC and C both pretty well last week, but dumped them before they retracted. I'll get back in again soon, but not sure when. I'll watch them closely.

    Just remember, financials were bad long before the "crash". BAC had dropped a long time ago. I made the mistake of thinking that 12.xx was it's bottom.
  8. saxman saxman is offline

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    Mar 17th, 2009 (3/17/2009 11:53pm) in reply to Seykota

    Who is John Galt?
  9. Seykota Seykota is offline

    TX
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    Mar 17th, 2009 (3/17/2009 11:53pm) in reply to saxman

    Do you know the answer yet?!
  10. mkm44 mkm44 is offline

    Montreal
    Canada

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    Mar 17th, 2009 (3/17/2009 11:55pm) in reply to amymarie1967

     
    Originally Posted by amymarie1967 View Post

    I think the financials are set up for some real good short term gains. I ran BAC and C both pretty well last week, but dumped them before they retracted. I'll get back in again soon, but not sure when. I'll watch them closely.

    Just remember, financials were bad long before the "crash". BAC had dropped a long time ago. I made the mistake of thinking that 12.xx was it's bottom.

    Wanna give me a holler when you think it's a good time to buy AIG, BAC and C for the long term?

    Should I just buy now or wait till another little dip?
  11. saxman saxman is offline

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    Mar 17th, 2009 (3/17/2009 11:57pm) in reply to Seykota

    lol .... almost finished it last week .... 200 pages to go :) i was expecting her crash and wake up in the valley to turn out to be a dream but it seems like its the real deal ... disappointing if it is ... would have been better as a fantasy
  12. resilient resilient is offline

    Vanuatu

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    Mar 17th, 2009 (3/17/2009 11:59pm) in reply to Tread

     
    Originally Posted by Tread View Post

    <BLOCKQUOTE> <TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=P5_Quote_Author> Tread:</TD><TD></TD></TR></TBODY></TABLE> <BLOCKQUOTE> <TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=P5_Quote_Author> resilient:</TD><TD></TD></TR></TBODY></TABLE>
    Shorts are getting squeezed, market has to bounce at some point to clear out the oversold techs and excessive shorts. Could go up to near (gasp) 7,000 on the Dow even!!!

    LOL at this being the bottom...

    </BLOCKQUOTE>

    ORLY?
    </BLOCKQUOTE>

    hahahhahahahahhaha... keep reposting.... and getting long. Check back with me when we make new lows....

    Oh but Bernanke said we've averted the risk of depression!!! Oh wait... he also said there was no housing crisis two years ago...

    lol
     
  13. Seykota Seykota is offline

    TX
    United States

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    Mar 17th, 2009 (3/17/2009 11:59pm) in reply to saxman

    Hope you are enjoying the read. The end is one of the best pieces of the book. I'll spare you the details for now. Just keep reading!
  14. saxman saxman is offline

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    Mar 18th, 2009 (3/18/2009 12:01am) in reply to Seykota

    I am enjoying it a lot. I'll give you my own personal spin on it when i finish it this week.
  15. Seykota Seykota is offline

    TX
    United States

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    Mar 18th, 2009 (3/18/2009 12:02am) in reply to saxman

    Sweet. Looking forward to it. Hope you had a good trip too!
  16. towman1 towman1 is offline

    Auburn, GA
    United States

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    Mar 18th, 2009 (3/18/2009 12:04am) in reply to saxman

     
    Originally Posted by saxman View Post

    Who is John Galt?

    You are welcome sir!

    <TABLE cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=P5_ProfileArea> </TD><TD class=P5_ProfileArea rowSpan=2><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top align=middle><TABLE cellSpacing=3 cellPadding=0 border=0><TBODY><TR><TD>Real name
    </TD><TD class=P5_ProfileValue>John</TD></TR><TR><TD>Age
    </TD><TD class=P5_ProfileValue>36</TD></TR><TR><TD>Gender
    </TD><TD class=P5_ProfileValue>Male</TD></TR><TR><TD>Member since
    </TD><TD class=P5_ProfileValue>11-21-2007</TD></TR><TR><TD>Last login:
    </TD><TD class=P5_ProfileValue>03-17-2009</TD></TR><TR><TD>Total Posts:
    </TD><TD class=P5_ProfileValue>3,844</TD></TR><TR><TD vAlign=top>Location:
    </TD><TD class=P5_ProfileValue vAlign=top><SPAN id=ctl00_ctl00_bcr_bcr_ctl18_line1>Overland Park</SPAN> <SPAN id=ctl00_ctl00_bcr_bcr_ctl18_line2>Kansas (United States)</SPAN>

    </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
  17. sketchy1 sketchy1 is offline Dangerzone

    Posts: 9,595
    Joined: Apr 05

    Mar 18th, 2009 (3/18/2009 12:05am) in reply to Seykota

    kenny loggins says SELL SELL SELL

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/V8rZWw9HE7o&hl=en&fs=1"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/V8rZWw9HE7o&hl=en&fs=1" mce_src="http://www.youtube.com/v/V8rZWw9HE7o&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></object>
      
  18. saxman saxman is offline

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    Mar 18th, 2009 (3/18/2009 12:06am) in reply to towman1

    hahaha thanks Towman !! finally i know the meaning of life.
  19. towman1 towman1 is offline

    Auburn, GA
    United States

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    Mar 18th, 2009 (3/18/2009 12:09am) in reply to saxman

    He's da man .....you da man too in fact everybody is da man cept me
  20. Mr Galt Mr Galt is offline sister-in-law's a ho

    Overland Park, KS
    United States

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    Mar 18th, 2009 (3/18/2009 12:11am) in reply to bhagen7

    just an ordinary guy that works for the railroad and manages to stop the engine of the world.
  21. saxman saxman is offline

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    Mar 18th, 2009 (3/18/2009 12:16am) in reply to resilient

     
    Originally Posted by resilient View Post

    Oh but Bernanke said we've averted the risk of depression!!! Oh wait... he also said there was no housing crisis two years ago...

    Don't know if you saw Bobcats post last nite regarding Peter Schiff's interview. It's about 90 minutes long (podcast) and it's well worth listening to. BTW thanks Bob, that was a great find.
    http://www.lewrockwell.com/podcast/?..._the_crash.mp3
  22. resilient resilient is offline

    Vanuatu

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    Mar 18th, 2009 (3/18/2009 12:33am) in reply to saxman

    saw that thread but didn't listen.... will see if I can find some time tomorrow, thanks.
     
  23. runwithit runwithit is offline

    San Jose, CA
    United States

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    Mar 18th, 2009 (3/18/2009 1:34am) in reply to mkm44

    SIRI is the ticket.
  24. kasilof kasilof is offline

    Northridge, CA
    United States

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    Mar 18th, 2009 (3/18/2009 2:00am) in reply to runwithit

    I am 100% invested. I think GM might be a good play everyone is negative on CNBC and I think they make good cars, should be profitable without GMAC.

    dividendgrowthinvestor is good site.
    <span name="storyText" id="storyText">The company had asked for a two billion dollar loan for March, but now says it doesn't need it. GM's chief financial officer says cost cutting moves are being to take effect, and it's now in a better financial situation. General Motors borrowed 13.4 billion from uncle SAM earlier this year and said last month that it would need 16 billion more to survive. This also includes two billion this month.. and slightly more than that next month.</span>
  25. Seykota Seykota is offline

    TX
    United States

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    Mar 18th, 2009 (3/18/2009 2:02am) in reply to kasilof

    I saw your Marc Faber thread, Kas. Thanks for posting it. I just finished watching the video.
  26. kasilof kasilof is offline

    Northridge, CA
    United States

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    Mar 18th, 2009 (3/18/2009 2:06am) in reply to Seykota

    Thanks, I watched it based on a post from another site (stokblogs.com). It was such an interesting video decided to post it here.
  27. bhagen7 bhagen7 is offline

    Madison, WI
    United States

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    Mar 18th, 2009 (3/18/2009 11:59am) in reply to kasilof

    Thanks for the advice...I bought Citi at $1.52 and since they are making me money I was thinking about gambling on Blockbuster....I hate blockbuster, but if the Hollywood video guy buys them the day after they dip....he has to know better than anyone that they will be successful. I think he bought a 5.6% stock in them.
    Thread Starter
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