Stock Market

[RJesus 10+ year member]

Considering the stock market is around 10k doesn't mean all is well. It's not fair to compare that to the economy. Bad loans,(a shitload of them too), greed, and the value of the dollar is what got us where we are in today. Richdad's on the web tells how this day was coming 6 yrs ago or so...I'd like to go to their siminar and find out how they knew but don't wanna pay. I'm no stock market expert but I bet it's gonna drop well below 10k again. Someone needs to talk to an individual and find out what happened and how the US recovered when we got hit by the depression...and what caused it. Hint: must be in their 90's of age or so.

lol....FDR introduced the national debt. We recovered from the great depression by spending money we didn't have to create jobs.

 

[RJesus 10+ year member]

...the stock market is a risk.

Your not supposed to invest your life in it, simply what you can afford to lose. Its like gambling. If you go to a casino and bet your life savings hoping you'll increase them, you should kill yourself.

by way of risk:

Gambling > stock market > corporate bonds > us bonds > CDs

etc. theres a lot of inbetweens there but these are some basics.

If you don't want to risk your money, then either spend it or save it yourself.

 

[goldbaker88]

Knowing the current situation of the stock market is crucial especially if you have stocks invested in it. It is better to be up to dated to the situations so that you could know the actions to be taken if some changes in the stock market occur as to secure your stocks to lose. Today, the stock market is unstable so we need to be vigilant to the current market conditions.

 

[Mannycontinues]

Ya stock market is a huge gamble no matter what. I've played...I've won and lost, but the economic crash was something I wasn't exactly prepared for either... I've been in the negative 6-7 thousand.

 

[I Like Waffle]

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dollar to euro

 

[dr_peeb 10+ year member]

Whatever you do with your money is a gamble, since nobody knows the future.

Even if you hold all of it safely under your mattress guarded by you, your guns and your dogs, you risk the value of the dollar failing to keep pace with inflation, so your $1,000 under your mattress today may only buy you $500 worth of stuff some time down the road. You just lost 500 bucks when nobody actually even stole anything from you!

Yes, it's true that recently you may have done OK with your $ under your mattress. But, hey, banks are still paying some interest, and that's better than you're getting with it under your mattress.

The saying is: "The only free lunch is diversification". Put part of your money under your mattress, part in a savings account, part in CD's, part in stocks (stock mutual funds actually), part in bonds, and part in real estate (if you can). This way, for whichever part is faltering, you've got other sources that aren't. This is the best you can do without gambling it all on any one of these.

A lot of people's problem is that they pick one of those, think they've got it all figured out, go "all in" on it, and then it falters, and they're bitchin' and moanin' about how bad they got done wrong.