Stock Market

[mxer69 10+ year member]

yeah but for some reason, acts like that have repeatedly failed for us and the rest of the world

 

[Boomintempo 10+ year member]

I'll give you guys 2 of these:

and 5 of these:

For some subz

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

 

[Louisiana_CRX 5,000+ posts]

I hope to go back to work soon //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[Boomin_tahoe 5,000+ posts]

Please don't rely on Richdad to guide your financials... That is a very basic basic basic basic basic approach (should I emphasize that more?) and isn't the most accurate either.
But you are right, yes, the stock market will dip back down below 10k..probably to 8.5k or lower if I might estimate

*people will always be greedy guys.. we can't pass a law to stop that. One of the worst laws just got passed saying that the top 25 executives of companies (that recieved ANY amount of money from gov.) are going to have their salary cut in half. So BLANKING dumb.

Dumb isn't the right word. A smart idea considering the gov bailed them out and now have taken over so yea they can do what they please. Why should top execs get rewarded for the suffering economy if the banks aren't making $$???? If you don't like richdads and rely on some other source that you trust, please don't be afraid to share. I only go by what I see on TV and news/internet.

 

[Flipx99 5,000+ posts]

Agreed.
I wish I had $3k in "play money" to throw in there right now and see what happens, but trying to use something that's a function of greedy, gullible, and knee-jerk dimwits for something as important as a retirement investment is just plain silly. People shouldn't invest in it without being 100% comfortable of seeing all their "assets" wither away like they were never there.

Name any other mechanism that has allowed people to flourish as the stock market. Name a country without functioning capital markets that doesn't have massive unemployment, civil wars, etc.

Not sure about you and yours, but I manage my father's retirment portfolio and he didn't do very terrible at all during the worst (so far), we were a little late on the March rally, but still...He's doing fine.

I do agree that people who aren't willing to spend at least 20 hours a week doing research shouldn't be involved in the market.

 

[JimJ 5,000+ posts]

I'm not saying I think a stock market is a bad thing. I'm just saying I wouldn't rely on it as a primary investment.

 

[Flipx99 5,000+ posts]

I'm not saying I think a stock market is a bad thing. I'm just saying I wouldn't rely on it as a primary investment.

What other vehicle would you use as a substitute for retirement investing? It isn't great, but it's the best we have.

 

[JimJ 5,000+ posts]

Real estate in a non-speculative area.

 

[Flipx99 5,000+ posts]

Real estate in a non-speculative area.

But there is a liquidity problem there...when retiring people may want to draw down investments a little at a time. RE requires lump sums.

 

[Flipx99 5,000+ posts]

Although you can have rental property within a self directed IRA and use the rental income to draw down upon.

 

[dr_peeb 10+ year member]

Real estate in a non-speculative area.

When you buy real estate, aren't you speculating that it's going to go up? Just like stocks.

 

[jmanpc 5,000+ posts]

There are websites where you can play the stock market with fake money

 

[dr_peeb 10+ year member]

I've read two different sources that say stocks have out-performed every other investment over every 10-year period since like 1900.

That would imply you should not invest in gold, real estate, etc., but I think a mix of them all, with a much higher percentage in stocks, makes sense for most people under retirement age. And, the farther from retirement, the higher that stock percentage should be, i.e. the longer you have for them to "recover" after bad times.

 

[Liquid Bass 10+ year member]

insider hint:if you want to double your money, short BOA right now.
:] not a joke

whats BOA?

 

[dr_peeb 10+ year member]

whats BOA?

Bank of America