check out NSRS. its a gold exploration company. its exploded so far this year, and i think it will continue to climb

this won't help your project much but, for those searching for a morel of help, google...

"lazy man's portfolio"

 

Originally Posted by StlngMyChps

Oh man I hope nobody followed your advice...Lost over 50% in one day! Down 20% this morning.

yep - as mentioned in my post, if you looked it up and followed the chatter on the bullboards, that stock was set up for a classic pump and dump. Hopefully none of our community got stung.

 

Originally Posted by USCphildo

check out NSRS. its a gold exploration company. its exploded so far this year, and i think it will continue to climb

Gg Nov 9 money.

Too soon??

 

Originally Posted by USCphildo

i rode this stock for a while and got out two days ago. didnt put much in but made a good return. i should have never posted it here tho, it was obviously a penny stock pump and dump. dont know what i was thinking

So you got out the day you told OT to check it out (implying we should buy)

Cool story bro

it's actually fitting for a thread where someone is asking about stocks - when someone throws a name out there, the first thing you do is start looking into what they do, how they do it, who the principles are, and dig up as much dirt as you can before you throw your money down. You wouldn't go out and buy a car without do a little bit of research on it. It's not rocket science really, especially in the internet era.

I work for XOM. You win! :)

Too bad I'm checking P5s while at work on my phone. Your (our) stock will tank

 

Originally Posted by quietwinner

i ended up going with exxon mobile and a treasury bond with a 5/31/2012 maturity date 4.75 coupon

thoughts?

the fuck howd you get a t-bond with such a high coupon. what was its length?

 

Originally Posted by coolhandkev

The former should focus 100% on asset allocation and fees and completely ignore individual stocks and trying to time things. Find low fee funds that the asset allocation aligns with your risk tolerance and hold it forever.

Butnaaaaaah. This doesn't work anymore. This is old school pre 2000 thinking. You gotta get big balls, find a good company or two and ride that shit hard

What's a 10 year annualized return on a fund that you like?

 

Originally Posted by Unforseen

on a long enough horizon, it does work

Maybe if you look 1980 to 2010, but what matters for us is 2010-2040. Previous performance does not guarantee future returns.

There is no guarantee the Dow will be above 13k 10 or 20 years from now. Don't foolyourself

And even if it does go higher what does the Dow needn't be at to compare to the gains of the last 30 years

Who cares about a little piddly growth. I want big fucking growth. Double your money every few years growth. Not eek out 3% a year for the next 30 years

From 1980 to 2000 the Dow went from roughly 1k to 11k. From 2000 to 2012 we've gone from 11k to 12.8k. The Nasdaq is obv down over the last 10 years. You simply just can't buy a fund, hold 30 years and expect the profits gained pre 2000

Sax, I don't think you get what I'm saying. Those days are done. You ain't getting 8% per year over the next 35 years

Let's just compute this shit out for a while

I'm not using a calc (numbers will be off) so well go 5% starting at 13kDow at end of 2012

2013 13.65
2014 14.38
2015 15.10
2016 15.85
2017 16.64
2018 17.47
2019 18.34
2020 19.25
2021 20.06

and this is 5 percent. 8 percent us probably Dow 25k or some shit like that
We ain't getting to Dow 20k in the next nine years. Those big growth days are gone man. You gotta pick a lot more winners than losers. Funds will not get it done. Plain and simple.

yes, i do agree with you there D - i'm not suggesting i would put it in a fund and lock it away. Or even put it all in one company and lock it away. I do believe in being an active investor, picking stocks and sectors, getting in and out as need be. I have lost a lot of faith in the ability of mutual funds and their managers even tho i'm sure most of them are a lot smarter than i am. I guess in my mind, there is a line between day trading and trying to time the market, and just locking it up. You do have to be selective and adapt to change over time.

lol sorry man - wasn't trying to be argumentative. More trying to clarify my beliefs.

I just don't think that hold forever is an accurate description of long term investing. Even Buffett himself and his sidekick Charlie will tell you that they hold a stock until the fundamentals change. Could be a management change, or market driven, technological advances, what have you. Sometimes the market dips due to things you have no control over but if the fundamentals of your company are still sound, you can hold and collect the dividend rather than trying to time the market.

I also recognize that there are purely technical investors out there who don't care about fundamentals at all and only trade based on technical indicators. I suppose some of them are quite successful. Are they more successful than traditional / fundamental type investors over a 50yr time span? I don't know.